Quarterly report pursuant to Section 13 or 15(d)

Investments In Affiliates Accounted For Using The Equity Method (Tables)

v3.21.2
Investments In Affiliates Accounted For Using The Equity Method (Tables)
9 Months Ended
Sep. 30, 2021
Schedule Of Equity Ownership And Carrying Amount

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​

​

​

​

​

​

​

​

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​

​

September 30, 2021

​

December 31, 2020

​

​

    

Percentage

    

Fair Value

    

Carrying

    

Carrying

 

​

​

ownership

​

(Level 1)

​

amount

​

amount

​

​

​

dollar amounts in millions

​

Liberty SiriusXM Group

​

​

​

​

​

​

​

​

​

​

​

Live Nation (a)(b)

​

31

%

$

6,347

​

$

149

​

163

​

Sirius XM Canada

​

70

%

$

NA

​

​

648

 

643

​

Other

​

​

​

​

NA

​

​

77

​

80

​

Total Liberty SiriusXM Group

​

​

​

​

​

​

​

874

​

886

​

​

​

​

​

​

​

​

​

​

​

​

​

Braves Group

​

​

​

​

​

​

​

​

​

​

​

Other

​

various

​

​

NA

​

​

108

​

94

​

Total Braves Group

​

​

​

​

​

​

​

108

​

94

​

​

​

​

​

​

​

​

​

​

​

​

​

Formula One Group

​

​

​

​

​

​

​

​

​

​

​

Other

 

various

​

 

NA

​

 

34

 

38

​

Total Formula One Group

​

​

​

​

​

​

​

34

​

38

​

Consolidated Liberty

​

​

​

​

​

​

$

1,016

 

1,018

​

(a) See note 8 for details regarding the number and fair value of shares pledged as collateral as of September 30, 2021 pursuant to Liberty’s margin loan secured by shares of Live Nation (the “Live Nation Margin Loan”).
(b) Due to Live Nation’s significant losses driven by COVID-19, Liberty’s basis in Live Nation was approximately zero as of June 30, 2021. In September 2021, Live Nation completed an offering of approximately 5.2 million shares of its common stock, resulting in a gain on dilution of our investment in Live Nation.
Schedule Of Liberty's Share Of Earnings (Losses) Of Affiliates

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​

​

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​

​

Three months ended

​

Nine months ended

​

​

​

September 30,

​

September 30,

​

​

    

2021

    

2020

    

2021

    

2020

 

​

​

amounts in millions

​

Liberty SiriusXM Group

​

​

​

​

​

​

​

​

​

​

Live Nation (a)

​

$

9

​

(177)

​

(169)

​

(321)

​

Sirius XM Canada

​

​

(1)

 

—

 

6

 

8

​

Other

​

​

(6)

​

(6)

​

(18)

​

(18)

​

Total Liberty SiriusXM Group

​

​

2

​

(183)

​

(181)

​

(331)

​

​

​

​

​

​

​

​

​

​

​

​

Braves Group

​

​

​

​

​

​

​

​

​

​

Other

​

​

9

 

(5)

​

20

​

(2)

​

Total Braves Group

​

​

9

​

(5)

​

20

​

(2)

​

​

​

​

​

​

​

​

​

​

​

​

Formula One Group

​

​

​

​

​

​

​

​

​

​

Live Nation (a)

​

 

NA

 

NA

 

NA

 

(112)

​

Other

​

 

(2)

 

1

 

27

 

3

​

Total Formula One Group

​

​

(2)

​

1

​

27

​

(109)

​

Consolidated Liberty

​

$

9

 

(187)

 

(134)

 

(442)

​

(a) Liberty’s interest in Live Nation was reattributed from the Formula One Group to the Liberty SiriusXM Group effective April 22, 2020.