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Annual report pursuant to Section 13 and 15(d)

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

v2.4.0.8
Investments In Affiliates Accounted For Using The Equity Method (Tables)
 12 Months Ended
Dec. 31, 2013
Investments in Affiliates Accounted for Using the Equity Method [Line Items] Ìý
Schedule Of Equity Ownership And Carrying Amount
Liberty has various investments accounted for using the equity method. The following table includes the Company's carrying amount and percentage ownership and market value (level 1) of the more significant investments in affiliates at DecemberÌý31, 2013, and the carrying amount at DecemberÌý31, 2012:
Ìý
DecemberÌý31, 2013
Ìý
December 31, 2012
Ìý
Percentage
ownership
Ìý
Market
Value
Ìý
Carrying
amount
Ìý
Carrying
amount
Ìý
Ìý
Ìý
dollar amounts in millions
Charter Communications, Inc. (a)(e)
25
%
Ìý
$
3,673

Ìý
2,395

Ìý
NA

SIRIUS XM (b)
NA

Ìý
NA

Ìý
NA

Ìý
2,766

Live Nation (d)(e)
26
%
Ìý
1,029

Ìý
409

Ìý
406

SIRIUS XM Canada (b)
38
%
Ìý
432

Ìý
273

Ìý
NA

Other
various

Ìý
NA

Ìý
222

Ìý
169

Ìý
Ìý

Ìý
Ìý

Ìý
$
3,299

Ìý
3,341

Schedule Of Liberty's Share Of Earnings (Losses) Of Affiliates
The following table presents the Company's share of earnings (losses) of affiliates:
Ìý
Years ended December 31,
Ìý
2013
Ìý
2012
Ìý
2011
Ìý
amounts in millions
Charter Communications, Inc. (a)
$
(83
)
Ìý
NA

Ìý
NA

SIRIUS XM (b)(c)
8

Ìý
1,367

Ìý
94

Live Nation (d)
(18
)
Ìý
(45
)
Ìý
(22
)
SIRIUS XM Canada (b)
7

Ìý
NA

Ìý
NA

Other
54

Ìý
24

Ìý
15

Ìý
$
(32
)
Ìý
1,346

Ìý
87

___________________________

(a)
As discussed below, Liberty acquired its interest in Charter Communications, Inc. during May 2013 for approximately $2.6 billion. Our share of losses related to Charter in 2013 included $51 million of losses due to the amortization of the excess basis of our investment.

(b)
On January 18, 2013, as discussed in note 4, Liberty acquired an additional 50 million common shares and acquired a controlling interest in SIRIUS XM and as a result consolidates SIRIUS XM as of such date. SIRIUS XM has an investment in SIRIUS XM Canada that was recorded at fair value in purchase accounting. See discussion below of SIRIUS XM Canada.

(c)
SIRIUS XM recognized a $3.0 billion tax benefit during the year ended December 31, 2012. SIRIUS XM recorded the tax benefit as the result of significant positive evidence that a valuation allowance was no longer necessary for its recorded deferred tax assets. The Company recognized its portion of this benefit ($1,229 million) based on our ownership percentage at the time of the recognition of the deferred tax benefit by SIRIUS XM.

(d)
During the first quarter of 2013, Liberty acquired an additional 1.7 million shares of Live Nation for approximately $19 million. During the year ended December 31, 2012 the Company acquired approximately 11 million shares of Live Nation for $107 million.

(e)
See note 11 for details regarding the number and fair value of shares pledged as collateral pursuant to certain margin loan agreements as of December 31, 2013.