Quarterly report pursuant to Section 13 or 15(d)

Investments In Affiliates Accounted For Using The Equity Method (Tables)

v2.4.0.8
Investments In Affiliates Accounted For Using The Equity Method (Tables)
 9 Months Ended
Sep. 30, 2013
Investments in Affiliates Accounted for Using the Equity Method [Line Items]  
Schedule Of Equity Ownership And Carrying Amount
Liberty has various investments accounted for using the equity method. The following table includes the Company's carrying amount and percentage ownership of the more significant investments in affiliates at September 30, 2013 and the carrying amount at December 31, 2012:
 
September 30, 2013
 
December 31, 2012
 
Percentage
ownership
 
Fair Value (Level 1)
 
Carrying
amount
 
Carrying
amount
 
 
 
dollar amounts in millions
Charter Communications (a) (d)
26
%
 
$
3,619

 
2,440

 
NA

SIRIUS XM (b)
NA

 
NA

 
NA

 
2,766

Live Nation (c) (d)
26
%
 
966

 
431

 
406

 SIRIUS XM Canada (b)
38
%
 
385

 
274

 
NA

 Other
various

 
N/A

 
218

 
169

 
 

 
 

 
$
3,363

 
3,341

Schedule Of Liberty's Share Of Earnings (Losses) Of Affiliates
The following table presents the Company's share of earnings (losses) of affiliates:
 
Three months ended
September 30,
 
Nine months ended
September 30,
 
2013
 
2012
 
2013
 
2012
 
amounts in millions
Charter Communications, Inc. (a)
$
(37
)
 
—

 
(74
)
 
—

SIRIUS XM (b)
—

 
(5
)
 
8

 
1,304

Live Nation
13

 
14

 
5

 
(2
)
SIRIUS XM Canada (b)
2

 
—

 
3

 
—

Other
14

 
5

 
46

 
5

 
$
(8
)
 
14

 
(12
)
 
1,307


(a)
As discussed below, Liberty acquired its interest in Charter Communications, Inc. during the three months ended June 30, 2013 for approximately $2.6 billion.

(b)
On January 18, 2013, as discussed in note 2, Liberty acquired an additional 50 million common shares and acquired a controlling interest in SIRIUS XM and as a result consolidates SIRIUS XM as of such date. SIRIUS XM has an investment in SIRIUS XM Canada that was recorded at fair value in purchase accounting. See discussion below of SIRIUS XM Canada.

(c)
During the first quarter of 2013, Liberty acquired an additional 1.7 million shares of Live Nation for approximately $19 million.

(d)
See note 10 for details regarding the number and fair value of shares pledged as collateral pursuant to certain margin loan agreements as of September 30, 2013.