Quarterly report pursuant to Section 13 or 15(d)

Sirius XM Transactions (Tables)

v2.4.0.8
Sirius XM Transactions (Tables)
 9 Months Ended
Sep. 30, 2013
Business Acquisition [Line Items]  
Business Acquisition, Pro Forma Information [Table Text Block]
The pro forma summarized combined unaudited balance sheet and statement of operations of Liberty using the historical financial statements for SIRIUS XM, giving effect to purchase accounting related adjustments made at the time of acquisition and excluding the impact of the gain, as if the transaction discussed above occurred for the Balance Sheet data as of such date and for the Statement of Operations data as if they had occurred on January 1, 2012, are as follows:

Summary Pro Forma Balance Sheet Data:
 
December 31, 2012
 
amounts in millions
(unaudited)
Current assets
$
4,039

Investments in equity method affiliates
$
851

Property, plant and equipment, net
$
1,871

Intangible assets not subject to amortization
$
23,877

Intangible assets subject to amortization, net
$
1,038

Other assets
$
1,939

Total assets
$
33,615

Long-term debt
$
2,486

Deferred tax liabilities, net
$
2,933

Other liabilities
$
3,656

Noncontrolling interests in equity of subsidiaries
$
10,833

Stockholders' Equity
$
13,707


Summary Pro Forma Operations Data:
 
Three months ended September 30, 2012
 
Nine months ended September 30, 2012
 
amounts in millions
(unaudited)
Revenue
$
1,019

 
2,827

Operating income (loss)
185

 
536

Interest expense
(47
)
 
(153
)
Share of earnings (loss) of affiliates
(17
)
 
(33
)
Earnings (loss) attributable to the noncontrolling interests
26

 
1,655

Net Earnings (loss) from continuing operations attributable to Liberty stockholders
171

 
1,923

 
 
 
 
 
Pro Forma basic net earnings (loss) from continuing operations attributable to Liberty stockholders per common share (note 5):
 
 
 
 
Series A and B common stock
$
1.44

 
16.03

Pro Forma diluted net earnings (loss) from continuing operations attributable to Liberty stockholders per common share (note 5):
 
 
 
 
Series A and B common stock
$
1.39

 
15.51

SIRIUS XM [Member]
  
Business Acquisition [Line Items]  
Schedule of Purchase Price Allocation [Table Text Block]
Initial purchase price allocation for SIRIUS XM is as follows (amounts in millions):
Fair value of SIRIUS XM equity interests
$
10,372

Fair value of SIRIUS XM debt securities
253

Noncontrolling interest
10,841

 
$
21,466

 
 
Cash and cash equivalents
$
569

Receivables
210

Property, plant and equipment
1,714

Goodwill
14,003

FCC Licenses
8,600

Tradenames
930

Intangible assets subject to amortization
930

Other assets
480

Debt
(2,490
)
Deferred revenue
(1,565
)
Deferred income tax liabilities, net
(911
)
Other liabilities assumed
(1,004
)
 
$
21,466