Quarterly report pursuant to Section 13 or 15(d)

Information About Liberty's Operating Segments (Tables)

v3.19.1
Information About Liberty's Operating Segments (Tables)
3 Months Ended
Mar. 31, 2019
Information About Liberty's Operating Segments  
Schedule of revenue disaggregated by source

 

 

 

 

 

 

 

 

 

Three months ended 

 

 

 

March 31,

 

 

    

2019

    

2018

 

 

 

amounts in millions

 

Liberty SiriusXM Group

 

 

 

 

 

 

SIRIUS XM Holdings:

 

 

 

 

 

 

Subscriber

 

$

1,458

 

1,258

 

Advertising

 

 

209

 

42

 

Equipment

 

 

41

 

35

 

Other

 

 

36

 

40

 

Total Liberty SiriusXM Group

 

 

1,744

 

1,375

 

Braves Group

 

 

 

 

 

 

Corporate and other:

 

 

 

 

 

 

Baseball

 

 

14

 

20

 

Development

 

 

 8

 

 8

 

Total Braves Group

 

 

22

 

28

 

Formula One Group

 

 

 

 

 

 

Formula 1:

 

 

 

 

 

 

Primary

 

 

198

 

85

 

Other

 

 

48

 

29

 

Total Formula One Group

 

 

246

 

114

 

Consolidated Liberty

 

$

2,012

 

1,517

 

 

Adjusted OIBDA by segment

 

 

 

 

 

 

 

 

 

Three months ended 

 

 

 

March 31,

 

 

    

2019

    

2018

 

 

 

amounts in millions

 

Liberty SiriusXM Group

 

 

 

 

 

 

SIRIUS XM Holdings

 

$

590

 

530

 

Corporate and other

 

 

(2)

 

(5)

 

Total Liberty SiriusXM Group

 

 

588

 

525

 

Braves Group

 

 

 

 

 

 

Corporate and other

 

 

(33)

 

(35)

 

Total Braves Group

 

 

(33)

 

(35)

 

Formula One Group

 

 

 

 

 

 

Formula 1

 

 

65

 

 3

 

Corporate and other

 

 

(6)

 

(4)

 

Total Formula One Group

 

 

59

 

(1)

 

Consolidated Liberty

 

$

614

 

489

 

 

Other Information By Segment

 

 

 

 

 

 

 

 

 

 

 

March 31, 2019

 

 

    

Total

    

Investments

    

Capital

 

 

 

assets

 

in affiliates

 

expenditures

 

 

 

amounts in millions

 

Liberty SiriusXM Group

 

 

 

 

 

 

 

 

SIRIUS XM Holdings

 

$

30,844

 

641

 

90

 

Corporate and other

 

 

529

 

 —

 

 —

 

Total Liberty SiriusXM Group

 

 

31,373

 

641

 

90

 

Braves Group

 

 

 

 

 

 

 

 

Corporate and other

 

 

1,479

 

97

 

15

 

Total Braves Group

 

 

1,479

 

97

 

15

 

Formula One Group

 

 

 

 

 

 

 

 

Formula 1

 

 

9,260

 

 —

 

 8

 

Corporate and other

 

 

2,107

 

903

 

 —

 

Total Formula One Group

 

 

11,367

 

903

 

 8

 

Elimination (1)

 

 

(309)

 

 —

 

 —

 

Consolidated Liberty

 

$

43,910

 

1,641

 

113

 


(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,

 

 

    

2019

    

2018

 

 

 

amounts in millions

 

Consolidated segment Adjusted OIBDA

 

$

614

 

489

 

Legal settlement (note 12)

 

 

(25)

 

 —

 

Stock-based compensation

 

 

(65)

 

(46)

 

Acquisition and other related costs (note 3)

 

 

(76)

 

 —

 

Depreciation and amortization

 

 

(248)

 

(216)

 

Operating income (loss)

 

 

200

 

227

 

Interest expense

 

 

(159)

 

(150)

 

Share of earnings (losses) of affiliates, net

 

 

(20)

 

(8)

 

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

 

 

(98)

 

153

 

Other, net

 

 

 8

 

 6

 

Earnings (loss) before income taxes

 

$

(69)

 

228