Quarterly report pursuant to Section 13 or 15(d)

Earnings Attributable to Liberty Media Corporation Stockholders Per Common Share (Tables)

v3.7.0.1
Earnings Attributable to Liberty Media Corporation Stockholders Per Common Share (Tables)
6 Months Ended
Jun. 30, 2017
Liberty Media Corporation  
Reconciliation of Basic and Diluted Weighted Average Shares

 

 

 

 

 

 

 

 

 

 

 

 

Liberty Media Corporation Common Stock

 

 

 

Three months

 

April 1, 2016

 

Six months

 

January 1, 2016

 

 

 

ended

 

through

 

ended

 

through

 

 

    

June 30, 2017

    

April 15, 2016

 

June 30, 2017

    

April 15, 2016

 

 

 

numbers of shares in millions

 

Basic WASO

 

NA

 

335

 

NA

 

335

 

Potentially dilutive shares

 

NA

 

 2

 

NA

 

 2

 

Diluted WASO

 

NA

 

337

 

NA

 

337

 

 

Liberty Sirius XM Group  
Reconciliation of Basic and Diluted Weighted Average Shares

 

 

 

 

 

 

 

 

 

 

 

 

Liberty SiriusXM Common Stock

 

 

 

Three months

 

April 15, 2016

 

Six months

 

April 15, 2016

 

 

 

ended

 

through

 

ended

 

through

 

 

    

June 30, 2017

    

June 30, 2016

 

June 30, 2017

 

June 30, 2016

 

 

 

numbers of shares in millions

 

Basic WASO

 

335

 

335

 

335

 

335

 

Potentially dilutive shares

 

 4

 

 2

 

 4

 

 2

 

Diluted WASO

 

339

 

337

 

339

 

337

 

 

Braves Group  
Reconciliation of Basic and Diluted Weighted Average Shares

 

 

 

 

 

 

 

 

 

 

 

 

Liberty Braves Common Stock

 

 

 

Three months

 

April 15, 2016

 

Six months

 

April 15, 2016

 

 

 

ended

 

through

 

ended

 

through

 

 

    

June 30, 2017 (a)(b)

    

June 30, 2016

 

June 30, 2017 (a)(b)

 

June 30, 2016

 

 

 

numbers of shares in millions

 

Basic WASO

 

49

 

36

 

49

 

36

 

Potentially dilutive shares

 

10

 

 9

 

10

 

 9

 

Diluted WASO

 

59

 

45

 

59

 

45

 


(a)

Potentially dilutive shares are excluded from the computation of diluted EPS during periods in which losses are reported since the result would be antidilutive.

(b)

As discussed in note 2, following the Recapitalization and Series C Liberty Braves common stock rights offering, the number of notional shares representing the Formula One Group’s intergroup interest in the Braves Group was adjusted to 9,084,940 shares. The intergroup interest is a quasi-equity interest which is not represented by outstanding shares of common stock; rather, the Formula One Group has an attributed value in the Braves Group which is generally stated in terms of a number of shares of stock issuable to the Formula One Group with respect to its interest in the Braves Group. Each reporting period, the notional shares representing the intergroup interest are marked to fair value. As the notional shares underlying the intergroup interest are not represented by outstanding shares of common stock, such shares have not been officially designated Series A, B or C Liberty Braves common stock. However, Liberty has assumed that the notional shares (if and when issued) would be comprised of Series C Liberty Braves common stock in order to not dilute voting percentages. Therefore, the market price of Series C Liberty Braves common stock is used for the quarterly mark-to-market adjustment through the unaudited attributed condensed consolidated statements of operations. The notional shares representing the intergroup interest have no impact on the basic earnings per share weighted average number of shares outstanding. However, the notional shares representing the intergroup interest are included in the diluted earnings per share WASO as if the shares had been issued and outstanding during the period. An adjustment is also made to the numerator in the diluted earnings per share calculation for the unrealized gain or loss incurred from marking the intergroup interest to fair value during the period as follows:

 

 

 

 

 

 

 

 

 

 

 

 

Three months

 

April 15, 2016

 

Six months

 

April 15, 2016

 

 

 

ended

 

through

 

ended

 

through

 

 

 

June 30, 2017

    

June 30, 2016

 

June 30, 2017

 

June 30, 2016

 

 

    

amounts in millions

 

Basic earnings (loss) attributable to Liberty Braves shareholders

$

(2)

 

32

 

(51)

 

32

 

Unrealized (gain) loss on the intergroup interest

 

 3

 

(27)

 

31

 

(27)

 

Diluted earnings (loss) attributable to Liberty Braves shareholders

$

 1

 

 5

 

(20)

 

 5

 

 

 

 

 

 

 

 

 

 

 

 

Formula One Group  
Reconciliation of Basic and Diluted Weighted Average Shares

 

 

Liberty Formula One Common Stock

 

 

 

Three months

 

April 15, 2016

 

Six months

 

April 15, 2016

 

 

 

ended

 

through

 

ended

 

through

 

 

    

June 30, 2017 (a)

    

June 30, 2016

 

June 30, 2017 (a)

 

June 30, 2016

 

 

 

numbers of shares in millions

 

Basic WASO

 

207

 

83

 

190

 

83

 

  Potentially dilutive shares

 

 7

 

 1

 

 7

 

 1

 

Diluted WASO

 

214

 

84

 

197

 

84

 


(a)

Potentially dilutive shares are excluded from the computation of diluted EPS during periods in which losses are reported since the result would be antidilutive.