jvid视频 Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2017

听	听	听	听	听	听	听	听	听
听	听听听听	Estimated听Useful听Life	听听听听	December 31, 2017		听听听听	December 31, 2016	听
听	听	听	听	amounts听in听millions				听
Land	听	NA	听	$	217	听	191	听
Buildings and improvements	听	10听-听40听years	听	听	974	听	144	听
Support equipment	听	3听-听20听years	听	听	514	听	316	听
Satellite system	听	15听years	听	听	1,676	听	1,668	听
Construction in progress	听	NA	听	听	215	听	863	听
Total property and equipment	听	听	听	$	3,596	听	3,182	听

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Share-based compensation expense

听	听	听	听	听	听	听	听	听
听	听	Years听ended听December听31,						听
听	听听听听	2017		听听听听	2016	听听听听	2015	听
听	听	amounts听in听millions						听
Cost of subscriber services:	听	听	听	听	听	听	听	听
Programming and content	听	$	27	听	21	听	19	听
Customer service and billing	听	听	听4	听	听4	听	听5	听
Other	听	听	听5	听	听5	听	听8	听
Other operating expense	听	听	16	听	13	听	18	听
Selling, general and administrative	听	听	178	听	107	听	154	听
听	听	$	230	听	150	听	204	听

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jvid视频

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Reconciliation of Basic and Diluted Weighted Average Shares

听	听	听	听	听	听
听	听听听听	January 1, 2016 through April 15, 2016	听听听听	Year ended December 31, 2015	听听听听
听	听	number听of听shares听in听millions			听
Basic WASO	听	335	听	338	听
Potentially dilutive shares	听	听2	听	听2	听
Diluted WASO	听	337	听	340	听

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Braves Group

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Reconciliation of Basic and Diluted Weighted Average Shares

听	听听听听	Year ended December 31, 2017 (a)	听听听听	April 18, 2016 through December 31, 2016 (a)(b)(c)	听
听	听	number听of听shares听in听millions			听
Basic WASO	听	49	听	46	听
Potentially dilutive shares	听	10	听	听9	听
Diluted WASO	听	59	听	55	听

(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听2, subsequent to the Recapitalization, Liberty distributed subscription rights to holders of Liberty Braves common stock, which were priced at a discount to the market value, to acquire additional shares of Liberty Braves common stock. The rights offering, because of the discount, is听considered a stock dividend which requires retroactive treatment for prior periods for the weighted average shares听outstanding.

(c)

As discussed in note听2, following the Recapitalization and Series听C Liberty Braves common stock rights offering, the number of notional shares representing the Formula One Group鈥檚 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听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听C Liberty Braves common stock in order to not dilute voting percentages. Therefore, the market price of Series听C Liberty Braves common stock is used for the quarterly mark-to-market adjustment through the unaudited attributed 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, in periods where the Braves Group has net earnings, 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. In periods where the Braves Group has net earnings, 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:

听	听	听	听	听	听
听	听	Year ended December 31, 2017 (a)	听听听听	April 18, 2016 through December 31, 2016 (a)	听
听	听	amounts听in听millions			听
Basic earnings (loss) attributable to Liberty Braves shareholders	$	(25)	听	(30)	听
Unrealized (gain) loss on the intergroup interest	听	15	听	27	听
Diluted earnings (loss) attributable to Liberty Braves shareholders	$	(10)	听	(3)	听

(a)

Unrealized gains on the intergroup interest are excluded from the computation of diluted EPS during periods in which net losses attributable to the Braves Group are reported since the gain would be antidilutive.

Formula One Group

听

Reconciliation of Basic and Diluted Weighted Average Shares

听	听	听	听	听	听
听	听听听听	Year ended December 31, 2017	听听听听	April 18, 2016 through December 31, 2016	听
听	听	number听of听shares听in听millions			听
Basic WASO	听	207	听	84	听
Potentially dilutive shares	听	听4	听	听1	听
Diluted WASO	听	211	听	85	听

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Common Class SeriesA, SeriesB, SeriesC | Liberty Sirius XM Group

听

Reconciliation of Basic and Diluted Weighted Average Shares

听	听	听	听	听	听
听	听听听听	Year ended December 31, 2017	听	April 18, 2016 through December 31, 2016	听
听	听	number听of听shares听in听millions			听
Basic WASO	听	336	听	335	听
Potentially dilutive shares	听	听4	听	听2	听
Diluted WASO	听	340	听	337	听

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