Information About Liberty's Operating Segments (Tables)
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12 Months Ended |
Dec. 31, 2019 |
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| Information About Liberty's Operating Segments |
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| Performance Measures |
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Years ended December 31, |
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2019 |
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2018 |
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2017 |
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Adjusted |
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Adjusted |
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Adjusted |
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Revenue |
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OIBDA |
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Revenue |
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OIBDA |
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Revenue |
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OIBDA |
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amounts in millions |
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Liberty SiriusXM Group |
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Sirius XM Holdings |
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$ |
7,794 |
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2,453 |
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5,771 |
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2,233 |
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5,425 |
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2,109 |
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Corporate and other |
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— |
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(17) |
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— |
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(16) |
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— |
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(15) |
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Total Liberty SiriusXM Group |
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7,794 |
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2,436 |
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5,771 |
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2,217 |
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5,425 |
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2,094 |
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Braves Group |
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Corporate and other |
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476 |
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49 |
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442 |
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88 |
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386 |
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2 |
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Total Braves Group |
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476 |
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49 |
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442 |
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88 |
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386 |
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2 |
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Formula One Group |
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Formula 1 |
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2,022 |
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482 |
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1,827 |
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400 |
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1,783 |
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438 |
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Corporate and other |
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— |
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(36) |
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— |
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(25) |
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— |
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(41) |
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Total Formula One Group |
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2,022 |
|
446 |
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1,827 |
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375 |
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1,783 |
|
397 |
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Total |
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$ |
10,292 |
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2,931 |
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8,040 |
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2,680 |
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7,594 |
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2,493 |
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| Other Information By Segment |
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December 31, 2019 |
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December 31, 2018 |
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Total |
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Investments |
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Capital |
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Total |
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Investments |
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Capital |
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assets |
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in affiliates |
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expenditures |
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assets |
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in affiliates |
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expenditures |
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amounts in millions |
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Liberty SiriusXM Group |
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Sirius XM Holdings |
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$ |
30,868 |
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644 |
|
363 |
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27,812 |
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629 |
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356 |
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Corporate and other |
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|
553 |
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— |
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— |
|
480 |
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— |
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— |
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Total Liberty SiriusXM Group |
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31,421 |
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644 |
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363 |
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28,292 |
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629 |
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356 |
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Braves Group |
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Corporate and other |
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1,593 |
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99 |
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103 |
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1,805 |
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92 |
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33 |
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Total Braves Group |
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1,593 |
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99 |
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103 |
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1,805 |
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92 |
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33 |
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Formula One Group |
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Formula 1 |
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9,031 |
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— |
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16 |
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8,958 |
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— |
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12 |
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Corporate and other |
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2,474 |
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882 |
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28 |
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1,999 |
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920 |
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2 |
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Total Formula One Group |
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11,505 |
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882 |
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44 |
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10,957 |
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920 |
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14 |
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Elimination (1) |
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(330) |
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— |
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— |
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(226) |
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— |
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— |
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Consolidated Liberty |
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$ |
44,189 |
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1,625 |
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510 |
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40,828 |
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1,641 |
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403 |
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| (1) |
This is primarily the intergroup interests in the Liberty SiriusXM Group and the Braves Group held by the Formula One Group, as discussed in note 2. The intergroup interests attributable to the Formula One Group are presented as an asset and the intergroup interests attributable to the Liberty SiriusXM Group and the Braves Group are presented as liabilities in the attributed financial statements and the offsetting amounts between tracking stock groups are eliminated in consolidation. |
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| Reconciliation of Adjusted OIBDA to operating income (loss) and earnings (loss) |
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Years ended December 31, |
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2019 |
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2018 |
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2017 |
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amounts in millions |
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Adjusted OIBDA |
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$ |
2,931 |
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2,680 |
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2,493 |
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Litigation settlement (note 17) |
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(25) |
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(69) |
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(45) |
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Stock-based compensation |
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(291) |
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(192) |
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(230) |
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Acquisition and other related costs (note 5) |
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(84) |
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(3) |
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— |
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Depreciation and amortization |
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(1,061) |
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(905) |
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(824) |
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Operating income (loss) |
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1,470 |
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1,511 |
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1,394 |
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Interest expense |
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(657) |
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(606) |
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(591) |
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Share of earnings (losses) of affiliates, net |
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6 |
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18 |
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104 |
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Realized and unrealized gains (losses) on financial instruments, net |
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(315) |
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40 |
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(88) |
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Other, net |
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9 |
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78 |
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8 |
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Earnings (loss) from continuing operations before income taxes |
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$ |
513 |
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1,041 |
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827 |
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| Revenue by Geographic Area |
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Years ended December 31, |
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2019 |
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2018 |
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2017 |
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amounts in millions |
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United States |
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$ |
8,172 |
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6,112 |
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5,724 |
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United Kingdom |
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2,022 |
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1,831 |
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1,783 |
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Other |
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|
98 |
|
97 |
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87 |
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$ |
10,292 |
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8,040 |
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7,594 |
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| Long-lived Assets by Geographic Area |
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December 31, |
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2019 |
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2018 |
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amounts in millions |
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United States |
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$ |
2,246 |
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2,457 |
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United Kingdom |
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16 |
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12 |
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$ |
2,262 |
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2,469 |
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