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

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Three months ended

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Six months ended

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June 30,

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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

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Braves Group

​

 

​

 

​

 

​

 

​

​

Corporate and other:

​

 

​

 

​

 

​

 

​

​

Baseball

​

 

198

 

172

 

212

 

192

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Development

​

 

10

 

10

 

18

 

18

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Total Braves Group

​

​

208

​

182

​

230

​

210

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Formula One Group

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​

​

​

​

​

​

​

​

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Formula 1:

​

​

​

​

​

​

​

​

​

​

Primary

​

​

531

​

491

​

729

​

576

​

Other

​

​

89

​

94

​

137

​

123

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Total Formula One Group

​

​

620

​

585

​

866

​

699

​

Consolidated Liberty

​

$

2,805

 

2,199

 

4,817

 

3,716

​

​

Adjusted OIBDA by segment

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​

​

​

​

​

​

​

​

​

​

​

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Three months ended

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Six months ended

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​

​

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)

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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)

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Total Formula One Group

​

​

136

​

128

​

195

​

127

​

Consolidated Liberty

​

$

815

 

727

 

1,429

 

1,216

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Other Information By Segment

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​

​

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​

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​

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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

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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

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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)

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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

​

​