Quarterly report pursuant to Section 13 or 15(d)

Information About Liberty's Operating Segments (Tables)

v3.19.2
Information About Liberty's Operating Segments (Tables)
6 Months Ended
Jun. 30, 2019
Information About Liberty's Operating Segments  
Schedule of revenue disaggregated by source

Three months ended

Six months ended

June 30,

June 30,

    

2019

    

2018

    

2019

    

2018

 

amounts in millions

Liberty SiriusXM Group

 

 

 

SIRIUS XM Holdings:

Subscriber

$

1,537

1,304

2,995

 

2,562

Advertising

 

358

47

567

 

89

Equipment

41

37

82

72

Other

41

44

77

84

Total Liberty SiriusXM Group

1,977

1,432

3,721

2,807

Braves Group

 

 

 

 

Corporate and other:

 

 

 

 

Baseball

 

198

 

172

 

212

 

192

Development

 

10

 

10

 

18

 

18

Total Braves Group

208

182

230

210

Formula One Group

Formula 1:

Primary

531

491

729

576

Other

89

94

137

123

Total Formula One Group

620

585

866

699

Consolidated Liberty

$

2,805

 

2,199

 

4,817

 

3,716

Adjusted OIBDA by segment

Three months ended

Six months ended

June 30,

June 30,

    

2019

    

2018

    

2019

    

2018

 

amounts in millions

Liberty SiriusXM Group

SIRIUS XM Holdings

$

622

 

542

 

1,212

 

1,072

Corporate and other

 

(4)

 

(6)

 

(6)

 

(11)

Total Liberty SiriusXM Group

 

618

 

536

 

1,206

 

1,061

Braves Group

Corporate and other

 

61

 

63

 

28

 

28

Total Braves Group

 

61

 

63

 

28

 

28

Formula One Group

 

 

Formula 1

 

145

 

134

 

210

 

137

Corporate and other

(9)

(6)

(15)

(10)

Total Formula One Group

136

128

195

127

Consolidated Liberty

$

815

 

727

 

1,429

 

1,216

Other Information By Segment

June 30, 2019

    

Total

    

Investments

    

Capital

 

assets

in affiliates

expenditures

amounts in millions

Liberty SiriusXM Group

SIRIUS XM Holdings

$

31,003

 

649

 

160

Corporate and other

159

Total Liberty SiriusXM Group

31,162

649

160

Braves Group

Corporate and other

1,549

103

50

Total Braves Group

1,549

103

50

Formula One Group

Formula 1

9,170

11

Corporate and other

 

2,128

 

942

 

Total Formula One Group

11,298

942

11

Elimination (1)

(309)

Consolidated Liberty

$

43,700

 

1,694

 

221

(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,

    

2019

    

2018

    

2019

    

2018

 

amounts in millions

Consolidated segment Adjusted OIBDA

$

815

 

727

 

1,429

 

1,216

Legal settlement (note 11)

(69)

(25)

(69)

Stock-based compensation

 

(76)

 

(53)

 

(141)

 

(99)

Acquisition and other related costs (note 3)

(7)

(83)

Depreciation and amortization

 

(271)

 

(231)

 

(519)

 

(447)

Operating income (loss)

461

374

661

601

Interest expense

 

(167)

 

(153)

 

(326)

 

(303)

Share of earnings (losses) of affiliates, net

 

34

 

22

 

14

 

14

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

 

(87)

 

58

 

(185)

 

211

Other, net

 

21

 

21

 

29

 

27

Earnings (loss) before income taxes

$

262

 

322

 

193

 

550