Quarterly report pursuant to Section 13 or 15(d)

Information About Liberty's Operating Segments (Tables)

v3.8.0.1
Information About Liberty's Operating Segments (Tables)
 9 Months Ended
Sep. 30, 2017
Information About Liberty's Operating Segments  
Performance Measures By Segment

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended  September 30,

 

 

 

2017

 

2016

 

 

    

 

 

    

Adjusted

    

 

    

Adjusted

 

 

 

Revenue

 

OIBDA

 

Revenue

 

OIBDA

 

 

 

amounts in millions

 

Liberty SiriusXM Group

 

 

 

 

 

 

 

 

 

 

SIRIUS XM

 

$

1,379

 

549

 

1,276

 

490

 

Corporate and other

 

 

 —

 

(6)

 

 —

 

(8)

 

Total Liberty SiriusXM Group

 

 

1,379

 

543

 

1,276

 

482

 

Braves Group

 

 

 

 

 

 

 

 

 

 

Corporate and other

 

 

185

 

48

 

109

 

16

 

Total Braves Group

 

 

185

 

48

 

109

 

16

 

Formula One Group

 

 

 

 

 

 

 

 

 

 

Formula 1

 

 

501

 

106

 

NA

 

NA

 

Corporate and other

 

 

 —

 

(2)

 

 —

 

(13)

 

Total Formula One Group

 

 

501

 

104

 

 —

 

(13)

 

Consolidated Liberty

 

$

2,065

 

695

 

1,385

 

485

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine months ended September 30,

 

 

 

2017

 

2016

 

 

    

 

 

    

Adjusted

    

 

    

Adjusted

 

 

 

Revenue

 

OIBDA

 

Revenue

 

OIBDA

 

 

 

amounts in millions

 

Liberty SiriusXM Group

 

 

 

 

 

 

 

 

 

 

SIRIUS XM

 

$

4,021

 

1,568

 

3,711

 

1,380

 

Corporate and other

 

 

 —

 

(13)

 

 —

 

(9)

 

Total Liberty SiriusXM Group

 

 

4,021

 

1,555

 

3,711

 

1,371

 

Braves Group

 

 

 

 

 

 

 

 

 

 

Corporate and other

 

 

366

 

46

 

244

 

(8)

 

Total Braves Group

 

 

366

 

46

 

244

 

(8)

 

Formula One Group

 

 

 

 

 

 

 

 

 

 

Formula 1

 

 

1,213

 

288

 

NA

 

NA

 

Corporate and other

 

 

 —

 

(29)

 

 —

 

(32)

 

Total Formula One Group

 

 

1,213

 

259

 

 —

 

(32)

 

Consolidated Liberty

 

$

5,600

 

1,860

 

3,955

 

1,331

 

 

Other Information By Segment

 

 

 

 

 

 

 

 

 

 

 

September 30, 2017

 

 

    

Total

    

Investments

    

Capital

 

 

 

assets

 

in affiliates

 

expenditures

 

 

 

amounts in millions

 

Liberty SiriusXM Group

 

 

 

 

 

 

 

 

SIRIUS XM

 

$

27,926

 

680

 

207

 

Corporate and other

 

 

191

 

 —

 

 —

 

Total Liberty SiriusXM Group

 

 

28,117

 

680

 

207

 

Braves Group

 

 

 

 

 

 

 

 

Corporate and other

 

 

1,803

 

111

 

190

 

Total Braves Group

 

 

1,803

 

111

 

190

 

Formula One Group

 

 

 

 

 

 

 

 

Formula 1

 

 

9,629

 

 —

 

 8

 

Corporate and other

 

 

2,564

 

981

 

 2

 

Total Formula One Group

 

 

12,193

 

981

 

10

 

Elimination (1)

 

 

(260)

 

 —

 

 —

 

Consolidated Liberty

 

$

41,853

 

1,772

 

407

 

(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 

 

Nine months ended

 

 

 

September 30,

 

September 30,

 

 

    

2017

    

2016

    

2017

    

2016

 

 

 

amounts in millions

 

Consolidated segment Adjusted OIBDA

 

$

695

 

485

 

1,860

 

1,331

 

Legal settlement, net (note 11)

 

 

 —

 

 —

 

 —

 

511

 

Stock-based compensation

 

 

(85)

 

(41)

 

(182)

 

(109)

 

Depreciation and amortization

 

 

(228)

 

(92)

 

(615)

 

(272)

 

Operating income (loss)

 

 

382

 

352

 

1,063

 

1,461

 

Interest expense

 

 

(159)

 

(98)

 

(448)

 

(272)

 

Share of earnings (losses) of affiliates, net

 

 

155

 

37

 

167

 

43

 

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

 

 

18

 

 7

 

(43)

 

(33)

 

Other, net

 

 

(11)

 

 5

 

 2

 

17

 

Earnings (loss) before income taxes

 

$

385

 

303

 

741

 

1,216