Quarterly report pursuant to Section 13 or 15(d)

Investments In Available-For-Sale Securities And Other Cost Investments

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Investments In Available-For-Sale Securities And Other Cost Investments
 3 Months Ended
Mar. 31, 2017
Investments in Available-for-Sale Securities and Other Cost Investment  
Investments in Available-for-Sale Securities and Other Cost Investments

(7)   Investments in Available-for-Sale Securities and Other Cost Investments

All marketable equity securities held by the Company are classified as available-for-sale ("AFS") and are carried at fair value generally based on quoted market prices. GAAP permits entities to choose to measure many financial instruments, such as AFS securities, and certain other items at fair value and to recognize the changes in fair value of such instruments in the entity's statement of operations (the "fair value option"). The Company has elected the fair value option for those of its AFS securities which it considers to be non-strategic ("Fair Value Option Securities"). Accordingly, changes in the fair value of Fair Value Option Securities, as determined by quoted market prices, are reported in realized and unrealized gains (losses) on financial instruments in the accompanying condensed consolidated statements of operations.

Investments in AFS securities, including Fair Value Option Securities separately aggregated, and other cost investments are summarized as follows:

 

 

 

 

 

 

 

 

 

    

March 31,

    

December 31,

 

 

 

2017

 

2016

 

 

 

amounts in millions

 

Liberty SiriusXM Group

 

 

 

 

 

 

Other AFS and cost investments

 

$

 —

 

 —

 

Total attributed Liberty SiriusXM Group

 

 

 —

 

 —

 

 

 

 

 

 

 

 

Braves Group

 

 

 

 

 

 

Other AFS and cost investments

 

 

 8

 

 8

 

Total attributed Braves Group

 

 

 8

 

 8

 

 

 

 

 

 

 

 

Formula One Group

 

 

 

 

 

 

Fair Value Option Securities

    

 

 

    

 

 

Time Warner (a)

 

 

416

 

411

 

Viacom (b)

 

 

86

 

65

 

Other equity securities

 

 

16

 

13

 

Total Fair Value Option Securities

 

 

518

 

489

 

AFS and cost investments

 

 

 

 

 

 

Formula 1 (c)

 

 

 —

 

759

 

Other AFS and cost investments

 

 

56

 

53

 

Total AFS and cost investments

 

 

56

 

812

 

Total attributed Formula One Group

 

 

574

 

1,301

 

 

 

 

 

 

 

 

Consolidated Liberty

 

$

582

 

1,309

 

(a)

See note 10 for details regarding the number and fair value of shares pledged as collateral pursuant to the Braves Holdings mixed-use development facility as of March 31, 2017.

(b)

See note 10 for details regarding the number and fair value of shares pledged as collateral pursuant to the Live Nation Margin Loan as of March 31, 2017.

(c)

See note 3 for details regarding the Company’s acquisition of Formula 1 during the three months ended March 31, 2017.

Unrealized Holding Gains and Losses

There were no unrealized holding gains and losses related to investments in AFS securities as of March 31, 2017 or December 31, 2016.