Annual report pursuant to Section 13 and 15(d)

Basis Of Presentation Pro Forma Information (Tables)

v2.4.0.8
Basis Of Presentation Pro Forma Information (Tables)
 12 Months Ended
Dec. 31, 2013
Pro Forma Information [Abstract]  
Business Acquisition, Pro Forma Information [Table Text Block]
The Pro Forma summarized combined unaudited balance sheets and statements of operation of Liberty using the historical financial statements for SIRIUS XM, giving effect to any purchase accounting related adjustments made at the time of acquisition and excluding the impact of the gain, as if the transactions discussed above occurred for the Balance Sheet data as of such dates and for the Statement of Operations data as if they had occurred on January 1, 2011, are as follows:
Summary Balance Sheet Data:
 
 
December 31, 2012
 
 
Amounts in millions (unaudited)
Current assets
 
$
3,102

Investments in available-for-sale securities
 
$
1,147

Investments in equity method affiliates
 
$
851

Property, plant and equipment, net
 
$
1,871

Intangible assets not subject to amortization
 
$
23,868

Intangible assets subject to amortization, net
 
$
1,038

Other assets
 
$
805

Total assets
 
$
32,682

Long-term debt
 
$
2,486

Deferred tax liabilities, net
 
$
1,720

Other liabilities
 
$
3,656

Noncontrolling interests in equity of subsidiaries
 
$
10,833

Stockholders' equity
 
$
13,987











Summary Operations Data:
 
Years ended December 31,
 
 
2012
 
2011
 
 
amounts in millions
(unaudited)
Revenue
$
3,730

 
$
4,416

 
Operating income (loss)
686

 
1,087

 
Interest expense
(162
)
 
(215
)
 
Share of earnings (loss) of affiliates
(21
)
 
(7
)
 
Less earnings (loss) attributable to the noncontrolling interests
1,736

 
210

 
Net Earnings (loss) from continuing operations attributable to Liberty stockholders:
 
 
 
 
 
Liberty common stock
$
2,052

 
788

 
 
Liberty Starz common stock
NA

 
(39
)
 
 
 
 
 
 
 
Pro Forma basic net earnings (loss) from continuing operations attributable to Liberty stockholders per common share (note 3):
 
 
 
 
 
Liberty common stock
$
17.10

 
9.27

 
 
Liberty Starz common stock
NA

 
(0.76
)
 
 
 
 
 
 
 
Pro Forma diluted net earnings (loss) from continuing operations attributable to Liberty stockholders per common share (note 3):
 
 
 
 
 
Liberty common stock
$
16.55

 
8.95

 
 
Liberty Starz common stock
NA

 
(0.76
)
 

This Pro Forma information is not representative of Liberty's future financial position, future results of operations or future cash flows nor does it reflect what Liberty's financial position, results of operations or cash flows would have been as if these transactions happened previously and Liberty controlled or discontinued owning these entities during the periods presented.