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)
 6 Months Ended
Jun. 30, 2017
Information About Liberty's Operating Segments  
Performance Measures By Segment

 

 

Three months ended  June 30,

 

 

 

2017

 

2016

 

 

    

 

 

    

Adjusted

    

 

    

Adjusted

 

 

 

Revenue

 

OIBDA

 

Revenue

 

OIBDA

 

 

 

amounts in millions

 

Liberty SiriusXM Group

 

 

 

 

 

 

 

 

 

 

SIRIUS XM

 

$

1,348

 

519

 

1,235

 

451

 

Corporate and other

 

 

 —

 

(3)

 

 —

 

(1)

 

Total Liberty SiriusXM Group

 

 

1,348

 

516

 

1,235

 

450

 

Braves Group

 

 

 

 

 

 

 

 

 

 

Corporate and other

 

 

176

 

27

 

131

 

12

 

Total Braves Group

 

 

176

 

27

 

131

 

12

 

Formula One Group

 

 

 

 

 

 

 

 

 

 

Formula 1

 

 

616

 

164

 

NA

 

NA

 

Corporate and other

 

 

 —

 

(9)

 

 —

 

(7)

 

Total Formula One Group

 

 

616

 

155

 

 —

 

(7)

 

Consolidated Liberty

 

$

2,140

 

698

 

1,366

 

455

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six months ended June 30,

 

 

 

2017

 

2016

 

 

    

 

 

    

Adjusted

    

 

    

Adjusted

 

 

 

Revenue

 

OIBDA

 

Revenue

 

OIBDA

 

 

 

amounts in millions

 

Liberty SiriusXM Group

 

 

 

 

 

 

 

 

 

 

SIRIUS XM

 

$

2,642

 

1,019

 

2,435

 

890

 

Corporate and other

 

 

 —

 

(7)

 

 —

 

(1)

 

Total Liberty SiriusXM Group

 

 

2,642

 

1,012

 

2,435

 

889

 

Braves Group

 

 

 

 

 

 

 

 

 

 

Corporate and other

 

 

181

 

(2)

 

135

 

(24)

 

Total Braves Group

 

 

181

 

(2)

 

135

 

(24)

 

Formula One Group

 

 

 

 

 

 

 

 

 

 

Formula 1

 

 

712

 

182

 

NA

 

NA

 

Corporate and other

 

 

 —

 

(27)

 

 —

 

(19)

 

Total Formula One Group

 

 

712

 

155

 

 —

 

(19)

 

Consolidated Liberty

 

$

3,535

 

1,165

 

2,570

 

846

 

 

Other Information By Segment

 

 

 

 

 

 

 

 

 

 

 

June 30, 2017

 

 

    

Total

    

Investments

    

Capital

 

 

 

assets

 

in affiliates

 

expenditures

 

 

 

amounts in millions

 

Liberty SiriusXM Group

 

 

 

 

 

 

 

 

SIRIUS XM

 

$

27,484

 

610

 

119

 

Corporate and other

 

 

159

 

 —

 

 —

 

Total Liberty SiriusXM Group

 

 

27,643

 

610

 

119

 

Braves Group

 

 

 

 

 

 

 

 

Corporate and other

 

 

1,734

 

47

 

145

 

Total Braves Group

 

 

1,734

 

47

 

145

 

Formula One Group

 

 

 

 

 

 

 

 

Formula 1

 

 

9,535

 

 —

 

 2

 

Corporate and other

 

 

2,719

 

919

 

 —

 

Total Formula One Group

 

 

12,254

 

919

 

 2

 

Elimination (1)

 

 

(247)

 

 —

 

 —

 

Consolidated Liberty

 

$

41,384

 

1,576

 

266

 

(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 

 

Six months ended

 

 

 

June 30,

 

June 30,

 

 

    

2017

    

2016

    

2017

    

2016

 

 

 

amounts in millions

 

Consolidated segment Adjusted OIBDA

 

$

698

 

455

 

1,165

 

846

 

Legal settlement, net (note 11)

 

 

 —

 

 —

 

 —

 

511

 

Stock-based compensation

 

 

(53)

 

(34)

 

(97)

 

(68)

 

Depreciation and amortization

 

 

(223)

 

(93)

 

(387)

 

(180)

 

Operating income (loss)

 

 

422

 

328

 

681

 

1,109

 

Interest expense

 

 

(149)

 

(90)

 

(289)

 

(174)

 

Share of earnings (losses) of affiliates, net

 

 

16

 

18

 

12

 

 6

 

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

 

 

(49)

 

(32)

 

(61)

 

(40)

 

Other, net

 

 

(4)

 

 5

 

13

 

12

 

Earnings (loss) before income taxes

 

$

236

 

229

 

356

 

913