Quarterly report pursuant to Section 13 or 15(d)

Information About Liberty's Operating Segments (Tables)

v3.7.0.1
Information About Liberty's Operating Segments (Tables)
3 Months Ended
Mar. 31, 2017
Information About Liberty's Operating Segments  
Performance Measures By Segment

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended  March 31,

 

 

 

2017

 

2016

 

 

    

 

 

    

Adjusted

    

 

    

Adjusted

 

 

 

Revenue

 

OIBDA

 

Revenue

 

OIBDA

 

 

 

amounts in millions

 

Liberty SiriusXM Group

 

 

 

 

 

 

 

 

 

 

SIRIUS XM

 

$

1,294

 

500

 

1,200

 

439

 

Corporate and other

 

 

 —

 

(4)

 

 —

 

 —

 

Total Liberty SiriusXM Group

 

 

1,294

 

496

 

1,200

 

439

 

Braves Group

 

 

 

 

 

 

 

 

 

 

Corporate and other

 

 

 5

 

(29)

 

 4

 

(36)

 

Total Braves Group

 

 

 5

 

(29)

 

 4

 

(36)

 

Formula One Group

 

 

 

 

 

 

 

 

 

 

Formula 1

 

 

96

 

18

 

NA

 

NA

 

Corporate and other

 

 

 —

 

(18)

 

 —

 

(12)

 

Total Formula One Group

 

 

96

 

 —

 

 —

 

(12)

 

Consolidated Liberty

 

$

1,395

 

467

 

1,204

 

391

 

 

Other Information By Segment

 

 

 

 

 

 

 

 

 

 

 

March 31, 2017

 

 

    

Total

    

Investments

    

Capital

 

 

 

assets

 

in affiliates

 

expenditures

 

 

 

amounts in millions

 

Liberty SiriusXM Group

 

 

 

 

 

 

 

 

SIRIUS XM

 

$

26,973

 

165

 

54

 

Corporate and other

 

 

128

 

 —

 

 —

 

Total Liberty SiriusXM Group

 

 

27,101

 

165

 

54

 

Braves Group

 

 

 

 

 

 

 

 

Corporate and other

 

 

1,658

 

48

 

102

 

Total Braves Group

 

 

1,658

 

48

 

102

 

Formula One Group

 

 

 

 

 

 

 

 

Formula 1

 

 

9,827

 

 —

 

 —

 

Corporate and other

 

 

2,659

 

888

 

 —

 

Total Formula One Group

 

 

12,486

 

888

 

 —

 

Elimination (1)

 

 

(243)

 

 —

 

 —

 

Consolidated Liberty

 

$

41,002

 

1,101

 

156

 


(1)

This is primarily the intergroup interest in the Braves Group held by the Formula One Group, as discussed in note 2. The intergroup interest attributable to the Formula One Group is presented as an asset and the intergroup interest attributable to the Braves Group is presented as a liability in the attributed financial statements and the offsetting amounts between tracking stock groups are eliminated in consolidation.

Reconciliation of segment Adjusted OIBDA to earnings (loss) from continuing operations before income tax

 

 

 

 

 

 

 

 

 

Three months ended 

 

 

 

March 31,

 

 

    

2017

    

2016

 

 

 

amounts in millions

 

Consolidated segment Adjusted OIBDA

 

$

467

 

391

 

Legal settlement, net (note 11)

 

 

 —

 

511

 

Stock-based compensation

 

 

(44)

 

(34)

 

Depreciation and amortization

 

 

(164)

 

(87)

 

Operating income (loss)

 

 

259

 

781

 

Interest expense

 

 

(140)

 

(84)

 

Share of earnings (losses) of affiliates, net

 

 

(4)

 

(12)

 

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

 

 

(12)

 

(8)

 

Other, net

 

 

17

 

 7

 

Earnings (loss) before income taxes

 

$

120

 

684