Quarterly report pursuant to Section 13 or 15(d)

Information About Liberty's Operating Segments (Tables)

v3.20.2
Information About Liberty's Operating Segments (Tables)
6 Months Ended
Jun. 30, 2020
Information About Liberty's Operating Segments  
Schedule of revenue disaggregated by source

Three months ended

Six months ended

June 30,

June 30,

    

2020

    

2019

    

2020

    

2019

 

amounts in millions

Liberty SiriusXM Group

 

 

 

Sirius XM Holdings:

Subscriber

$

1,578

1,537

3,163

 

2,995

Advertising

 

236

358

521

 

567

Equipment

25

41

66

82

Other

35

41

76

77

Total Liberty SiriusXM Group

1,874

1,977

3,826

3,721

Braves Group

 

 

 

 

Corporate and other:

 

 

 

 

Baseball

 

5

 

198

 

17

 

212

Development

 

6

 

10

 

16

 

18

Total Braves Group

11

208

33

230

Formula One Group

Formula 1:

Primary

12

531

25

729

Other

12

89

38

137

Total Formula One Group

24

620

63

866

Consolidated Liberty

$

1,909

 

2,805

 

3,922

 

4,817

Adjusted OIBDA by segment

Three months ended

Six months ended

June 30,

June 30,

    

2020

    

2019

    

2020

    

2019

 

amounts in millions

Liberty SiriusXM Group

Sirius XM Holdings

$

615

 

622

 

1,254

 

1,212

Corporate and other

 

(12)

 

(4)

 

(19)

 

(6)

Total Liberty SiriusXM Group

 

603

 

618

 

1,235

 

1,206

Braves Group

Corporate and other

 

(28)

 

61

 

(54)

 

28

Total Braves Group

 

(28)

 

61

 

(54)

 

28

Formula One Group

 

 

Formula 1

 

(16)

 

145

 

(48)

 

210

Corporate and other

(10)

(9)

(20)

(15)

Total Formula One Group

(26)

136

(68)

195

Consolidated Liberty

$

549

 

815

 

1,113

 

1,429

Other Information By Segment

June 30, 2020

    

Total

    

Investments

    

Capital

 

assets

in affiliates

expenditures

amounts in millions

Liberty SiriusXM Group

Sirius XM Holdings

$

32,253

 

692

 

149

Corporate and other

1,246

453

Total Liberty SiriusXM Group

33,499

1,145

149

Braves Group

Corporate and other

1,702

96

43

Total Braves Group

1,702

96

43

Formula One Group

Formula 1

9,256

4

Corporate and other

 

2,327

 

33

 

10

Total Formula One Group

11,583

33

14

Elimination (1)

(576)

Consolidated Liberty

$

46,208

 

1,274

 

206

(1) This is primarily the intergroup interests in the Braves Group held by the Formula One Group and the Liberty SiriusXM Group and the intergroup interest in the Formula One Group held by the Liberty SiriusXM Group, as discussed in note 2. The Braves Group intergroup interests attributable to the Formula One Group and the Liberty SiriusXM Group are presented as assets of the Formula One Group and Liberty SiriusXM Group, respectively, and are presented as liabilities of the Braves Group in the attributed financial statements. The Formula One Group intergroup interest attributable to the Liberty SiriusXM Group is presented as an asset of the Liberty SiriusXM Group and is presented as a liability of the Formula One Group in the attributed financial statements. The offsetting amounts between tracking stock groups are eliminated in consolidation.
Reconciliation of Adjusted OIBDA to operating income (loss) and earnings (loss)

Three months ended

Six months ended

June 30,

June 30,

    

2020

    

2019

    

2020

    

2019

 

amounts in millions

Adjusted OIBDA

$

549

 

815

 

1,113

 

1,429

Legal settlements and reserves

16

(25)

Stock-based compensation

 

(45)

 

(76)

 

(112)

 

(141)

Acquisition and restructuring (note 3)

(24)

(7)

(24)

(83)

Depreciation and amortization

 

(266)

 

(271)

 

(533)

 

(519)

Operating income (loss)

214

461

460

661

Interest expense

 

(163)

 

(167)

 

(327)

 

(326)

Share of earnings (losses) of affiliates, net

 

(193)

 

34

 

(255)

 

14

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

 

(180)

 

(87)

 

(179)

 

(185)

Other, net

 

14

 

21

 

31

 

29

Earnings (loss) before income taxes

$

(308)

 

262

 

(270)

 

193