Quarterly report pursuant to Section 13 or 15(d)

Information About Liberty's Operating Segments (Tables)

v3.20.1
Information About Liberty's Operating Segments (Tables)
3 Months Ended
Mar. 31, 2020
Information About Liberty's Operating Segments  
Schedule of revenue disaggregated by source

Three months ended

March 31,

    

2020

    

2019

 

amounts in millions

Liberty SiriusXM Group

 

Sirius XM Holdings:

Subscriber

$

1,585

1,458

Advertising

 

285

209

Equipment

41

41

Other

41

36

Total Liberty SiriusXM Group

1,952

1,744

Braves Group

 

 

Corporate and other:

 

 

Baseball

 

12

 

14

Development

 

10

 

8

Total Braves Group

22

22

Formula One Group

Formula 1:

Primary

13

198

Other

26

48

Total Formula One Group

39

246

Consolidated Liberty

$

2,013

 

2,012

Adjusted OIBDA by segment

Three months ended

March 31,

    

2020

    

2019

 

amounts in millions

Liberty SiriusXM Group

Sirius XM Holdings

$

639

 

590

Corporate and other

 

(7)

 

(2)

Total Liberty SiriusXM Group

 

632

 

588

Braves Group

Corporate and other

 

(26)

 

(33)

Total Braves Group

 

(26)

 

(33)

Formula One Group

 

Formula 1

 

(32)

 

65

Corporate and other

(10)

(6)

Total Formula One Group

(42)

59

Consolidated Liberty

$

564

 

614

Other Information By Segment

March 31, 2020

    

Total

    

Investments

    

Capital

 

assets

in affiliates

expenditures

amounts in millions

Liberty SiriusXM Group

Sirius XM Holdings

$

30,685

 

670

 

62

Corporate and other

423

Total Liberty SiriusXM Group

31,108

670

62

Braves Group

Corporate and other

1,715

101

24

Total Braves Group

1,715

101

24

Formula One Group

Formula 1

9,684

2

Corporate and other

 

1,678

 

671

 

Total Formula One Group

11,362

671

2

Elimination (1)

(267)

Consolidated Liberty

$

43,918

 

1,442

 

88

(1) This is primarily the intergroup interests in the Liberty SiriusXM Group and the Braves Group held by the Formula One Group, as discussed in note 2. The intergroup interests attributable to the Formula One Group are presented as an asset and the intergroup interests attributable to the Liberty SiriusXM Group and the Braves Group are presented as liabilities in the attributed financial statements and the offsetting amounts between tracking stock groups are eliminated in consolidation.
Reconciliation of Adjusted OIBDA to operating income (loss) and earnings (loss)

Three months ended

March 31,

    

2020

    

2019

 

amounts in millions

Adjusted OIBDA

$

564

 

614

Legal settlements and reserves

16

(25)

Stock-based compensation

 

(67)

 

(65)

Acquisition and other related costs (note 3)

(76)

Depreciation and amortization

 

(267)

 

(248)

Operating income (loss)

246

200

Interest expense

 

(164)

 

(159)

Share of earnings (losses) of affiliates, net

 

(62)

 

(20)

Realized and unrealized gains (losses) on financial instruments, net

 

1

 

(98)

Other, net

 

17

 

8

Earnings (loss) before income taxes

$

38

 

(69)