jvidÊÓƵ

Annual report pursuant to Section 13 and 15(d)

Information jvidÊÓƵ Liberty's Operating Segments (Tables)

v3.20.4
Information jvidÊÓƵ Liberty's Operating Segments (Tables)
12 Months Ended
Dec. 31, 2020
Information jvidÊÓƵ Liberty's Operating Segments Ìý
Performance Measures

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

YearsÌýendedÌýDecemberÌý31,

Ìý

​

​

2020

​

2019

​

2018

Ìý

​

ÌýÌýÌýÌý

​

​

ÌýÌýÌýÌý

Adjusted

ÌýÌýÌýÌý

​

ÌýÌýÌýÌý

Adjusted

ÌýÌýÌýÌý

​

ÌýÌýÌýÌý

Adjusted

Ìý

​

​

Revenue

​

OIBDA

​

Revenue

​

OIBDA

​

Revenue

​

OIBDA

Ìý

​

​

amountsÌýinÌýmillions

Ìý

Liberty SiriusXM Group

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Sirius XM Holdings

​

$

8,040

Ìý

2,575

Ìý

7,794

Ìý

2,453

Ìý

5,771

Ìý

2,233

​

Live Nation

​

​

477

​

(891)

​

—

​

—

​

—

​

—

​

Corporate and other

​

​

—

​

(31)

​

—

​

(17)

​

—

​

(16)

​

​

​

​

8,517

​

1,653

​

7,794

​

2,436

​

5,771

​

2,217

​

Eliminate equity method affiliate

​

​

(477)

​

891

​

—

​

—

​

—

​

—

​

Total Liberty SiriusXM Group

​

​

8,040

​

2,544

​

7,794

​

2,436

​

5,771

​

2,217

​

Braves Group

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Corporate and other

​

Ìý

178

Ìý

(53)

Ìý

476

Ìý

49

Ìý

442

Ìý

88

​

Total Braves Group

​

​

178

​

(53)

​

476

​

49

​

442

​

88

​

Formula One Group

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Formula 1

​

​

1,145

​

56

​

2,022

​

482

​

1,827

​

400

​

Live Nation

​

​

1,384

​

(125)

​

11,548

​

943

​

10,788

​

829

​

Corporate and other

​

​

—

​

(38)

​

—

​

(36)

​

—

​

(25)

​

​

​

​

2,529

​

(107)

​

13,570

​

1,389

​

12,615

​

1,204

​

Eliminate equity method affiliate

​

​

(1,384)

​

125

​

(11,548)

​

(943)

​

(10,788)

​

(829)

​

Total Formula One Group

​

​

1,145

​

18

​

2,022

​

446

​

1,827

​

375

​

Total

​

$

9,363

Ìý

2,509

Ìý

10,292

Ìý

2,931

Ìý

8,040

Ìý

2,680

​

Other Information By Segment

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

DecemberÌý31,Ìý2020

​

DecemberÌý31,Ìý2019

Ìý

​

ÌýÌýÌýÌý

Total

ÌýÌýÌýÌý

Investments

ÌýÌýÌýÌý

Capital

ÌýÌýÌýÌý

Total

ÌýÌýÌýÌý

Investments

ÌýÌýÌýÌý

Capital

Ìý

​

​

assets

​

inÌýaffiliates

​

expenditures

​

assets

​

inÌýaffiliates

​

expenditures

Ìý

​

​

amountsÌýinÌýmillions

Ìý

Liberty SiriusXM Group

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Sirius XM Holdings

​

$

30,030

Ìý

723

Ìý

350

Ìý

30,868

Ìý

644

Ìý

363

​

Live Nation

​

​

10,589

​

170

​

223

​

—

​

—

​

—

​

Corporate and other

​

​

2,051

​

163

​

—

​

553

​

—

​

—

​

​

​

​

42,670

​

1,056

​

573

​

31,421

​

644

​

363

​

Eliminate equity method affiliate

​

​

(10,589)

​

(170)

​

(223)

​

—

​

—

​

—

​

Total Liberty SiriusXM Group

​

​

32,081

​

886

​

350

​

31,421

​

644

​

363

​

Braves Group

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Corporate and other

​

​

1,571

​

94

​

81

​

1,593

​

99

​

103

​

Total Braves Group

​

​

1,571

​

94

​

81

​

1,593

​

99

​

103

​

Formula One Group

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Formula 1

​

​

8,610

Ìý

—

Ìý

11

​

9,031

Ìý

—

Ìý

16

​

Live Nation

​

​

—

​

—

​

—

​

10,976

​

168

​

366

​

Corporate and other

​

Ìý

2,581

Ìý

38

Ìý

10

Ìý

2,474

Ìý

882

Ìý

28

​

​

​

​

11,191

​

38

​

21

​

22,481

​

1,050

​

410

​

Eliminate equity method affiliate

​

​

—

​

—

​

—

​

(10,976)

​

(168)

​

(366)

​

Total Formula One Group

​

​

11,191

​

38

​

21

​

11,505

​

882

​

44

​

Elimination (1)

​

​

(839)

​

—

​

—

​

(330)

​

—

​

—

​

Consolidated Liberty

​

$

44,004

Ìý

1,018

Ìý

452

Ìý

44,189

Ìý

1,625

Ìý

510

​

(1) As of December 31, 2020, this amount is primarily comprised of the call spread between the Formula One Group and the Liberty SiriusXM Group with respect to the Live Nation shares that were reattributed to the Liberty SiriusXM Group and the intergroup interests in the Braves Group held by the Formula One Group and the Liberty SiriusXM Group and the intergroup interest in the Formula One Group held by the Liberty SiriusXM Group, as discussed in note 2. The Braves Group intergroup interests attributable to the Formula One Group and the Liberty SiriusXM Group are presented as assets of the Formula One Group and Liberty SiriusXM Group, respectively, and are presented as liabilities of the Braves Group in the attributed financial statements. The Formula One Group intergroup interest attributable to the Liberty SiriusXM Group is presented as an asset of the Liberty SiriusXM Group and is presented as a liability of the Formula One Group in the attributed financial statements. The offsetting amounts between tracking stock groups are eliminated in consolidation.

As of December 31, 2019, this amount is primarily the intergroup interests in the Liberty SiriusXM Group and the Braves Group held by the Formula One Group, as discussed in noteÌý2. The intergroup interests attributable to the Formula One Group are presented as an asset and the intergroup interests attributable to the Liberty SiriusXM Group and the Braves Group are presented as liabilities in the attributed financial statements and the offsetting amounts between tracking stock groups are eliminated in consolidation.

Reconciliation of Adjusted OIBDA to operating income (loss) and earnings (loss)

​

​

​

​

​

​

​

​

​

​

​

​

YearsÌýendedÌýDecemberÌý31,

Ìý

​

ÌýÌýÌýÌý

2020

ÌýÌýÌýÌý

2019

ÌýÌýÌýÌý

2018

Ìý

​

​

amounts in millions

Ìý

Adjusted OIBDA

​

$

2,509

Ìý

2,931

Ìý

2,680

​

Litigation settlements and reserves (note 17)

​

​

16

​

(25)

​

(69)

​

Stock-based compensation

​

Ìý

(261)

Ìý

(291)

Ìý

(192)

​

Impairment of intangible assets (note 8)

​

​

(976)

​

—

​

—

​

Acquisition and restructuring (note 5)

​

​

(28)

​

(84)

​

(3)

​

Depreciation and amortization

​

Ìý

(1,083)

Ìý

(1,061)

Ìý

(905)

​

Operating income (loss)

​

​

177

​

1,470

​

1,511

​

Interest expense

​

Ìý

(634)

Ìý

(657)

Ìý

(606)

​

Share of earnings (losses) of affiliates, net

​

Ìý

(586)

Ìý

6

Ìý

18

​

Realized and unrealized gains (losses) on financial instruments, net

​

Ìý

(402)

Ìý

(315)

Ìý

40

​

Other, net

​

Ìý

10

Ìý

9

Ìý

78

​

Earnings (loss) from continuing operations before income taxes

​

$

(1,435)

Ìý

513

Ìý

1,041

​

Revenue by Geographic Area

​

​

​

​

​

​

​

​

​

​

​

​

YearsÌýendedÌýDecemberÌý31,

Ìý

​

ÌýÌýÌýÌý

2020

ÌýÌýÌýÌý

2019

ÌýÌýÌýÌý

2018

Ìý

​

​

amountsÌýinÌýmillions

Ìý

United States

​

$

8,121

Ìý

8,172

Ìý

6,112

​

United Kingdom

​

Ìý

1,145

Ìý

2,022

Ìý

1,831

​

Other

​

​

97

​

98

​

97

​

​

​

$

9,363

Ìý

10,292

Ìý

8,040

​

Long-lived Assets by Geographic Area

​

​

​

​

​

​

​

​

​

​

DecemberÌý31,

Ìý

​

ÌýÌýÌýÌý

2020

ÌýÌýÌýÌý

2019

Ìý

​

​

amountsÌýinÌýmillions

Ìý

United States

​

$

2,221

Ìý

2,246

​

United Kingdom

​

Ìý

18

Ìý

16

​

​

​

$

2,239

Ìý

2,262

​