jvid视频 Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Financial Information for Tracking Stock Groups (Tables)

Financial Information for Tracking Stock Groups (Tables)

3 Months Ended

Mar. 31, 2017

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

听

Condensed Balance Sheet

BALANCE SHEET INFORMATION

March 31, 2017

听

Attributed (note 1)

听

Liberty

听

SiriusXM

听

Braves

听

Formula One

听

Inter-Group

听

Consolidated

听

听听听听

Group

听

Group

听

Group

听

Eliminations

听

Liberty

听听听听

听

amounts听in听millions

听

Assets

听

Current assets:

听

Cash and cash equivalents

听

330

听

115

听

626

听

听鈥�

听

1,071

听

Trade and other receivables, net

听

234

听

听9

听

听鈥�

听

280

听

Other current assets

听

211

听

118

听

听鈥�

听

357

听

Total current assets

听

775

听

152

听

781

听

听鈥�

听

1,708

听

Intergroup interest in the Liberty Braves Group (note 2)

听

听鈥�

听

听鈥�

听

215

听

(215)

听

听鈥�

听

Investments in available-for-sale securities and other cost investments (note听3)

听

听鈥�

听

听8

听

574

听

听鈥�

听

582

听

Investments in affiliates, accounted for using the equity method (note听4)

听

165

听

888

听

听鈥�

听

1,101

听

Property and equipment, at cost

听

2,112

听

1,051

听

166

听

听鈥�

听

3,329

听

Accumulated depreciation

听

(777)

听

(14)

听

(72)

听

听鈥�

听

(863)

听

1,335

听

1,037

听

听鈥�

听

2,466

听

Intangible assets not subject to amortization

听

Goodwill

听

14,165

听

180

听

3,968

听

听鈥�

听

18,313

听

FCC licenses

听

8,600

听

听鈥�

听

听鈥�

听

听鈥�

听

8,600

听

Other

听

930

听

143

听

听鈥�

听

听鈥�

听

1,073

听

23,695

听

323

听

3,968

听

听鈥�

听

27,986

听

Intangible assets subject to amortization, net

听

981

听

5,414

听

听鈥�

听

6,467

听

Other assets

听

150

听

552

听

(28)

听

692

听

Total assets

听

27,101

听

1,658

听

12,486

听

(243)

听

41,002

听

Liabilities and Equity

听

Current liabilities:

听

Intergroup payable (receivable) (note 7)

听

(8)

听

(56)

听

听鈥�

听

听鈥�

听

Accounts payable and accrued liabilities

听

721

听

118

听

132

听

听鈥�

听

971

听

Current portion of debt (note听5)

听

听5

听

听鈥�

听

听鈥�

听

Deferred revenue

听

1,857

听

124

听

485

听

听鈥�

听

2,466

听

Other current liabilities

听

听3

听

听鈥�

听

听鈥�

听

Total current liabilities

听

2,578

听

186

听

748

听

听鈥�

听

3,512

听

Long-term debt (note 5)

听

6,242

听

410

听

6,654

听

听鈥�

听

13,306

听

Deferred income tax liabilities

听

2,073

听

524

听

(28)

听

2,646

听

Redeemable intergroup interest (note 2)

听

听鈥�

听

215

听

听鈥�

听

(215)

听

听鈥�

听

Other liabilities

听

286

听

420

听

听鈥�

听

762

听

Total liabilities

听

11,179

听

1,308

听

7,982

听

(243)

听

20,226

听

Equity / Attributed net assets

听

10,141

听

335

听

4,504

听

听鈥�

听

14,980

听

Noncontrolling interests in equity of subsidiaries

听

5,781

听

听鈥�

听

听鈥�

听

5,796

听

Total liabilities and equity

听

27,101

听

1,658

听

12,486

听

(243)

听

41,002

听

Condensed Statement of Operations

STATEMENT OF OPERATIONS INFORMATION

Three months ended March 31, 2017

听

听	听	听	听	听	听	听	听	听	听	听
听	听	听	Attributed (note 1)					听	听	听
听	听	Liberty		听	听	听	听	听	听	听
听	听	SiriusXM		听	Braves	听	Formula One	听	Consolidated	听
听	听	Group		听	Group	听	Group	听	Liberty	听
听	听	amounts in millions								听
Revenue:	听	听	听	听	听	听	听	听	听	听
Subscriber revenue	听	$	1,078	听	听鈥�	听	听鈥�	听	1,078	听
Formula 1 revenue	听	听	听鈥�	听	听鈥�	听	96	听	96	听
Other revenue	听	听	216	听	听5	听	听鈥�	听	221	听
Total revenue	听	听	1,294	听	听5	听	96	听	1,395	听
Operating costs and expenses, including stock-based compensation (note 6):	听	听	听	听	听	听	听	听	听	听
Cost of subscriber services (exclusive of depreciation shown separately below):	听	听	听	听	听	听	听	听	听	听
Revenue share and royalties	听	听	277	听	听鈥�	听	听鈥�	听	277	听
Programming and content	听	听	96	听	听鈥�	听	听鈥�	听	96	听
Customer service and billing	听	听	97	听	听鈥�	听	听鈥�	听	97	听
Other	听	听	27	听	听鈥�	听	听鈥�	听	27	听
Cost of Formula 1 revenue	听	听	听鈥�	听	听鈥�	听	68	听	68	听
Subscriber acquisition costs	听	听	127	听	听鈥�	听	听鈥�	听	127	听
Other operating expenses	听	听	24	听	17	听	听鈥�	听	41	听
Selling, general and administrative	听	听	184	听	19	听	36	听	239	听
Depreciation and amortization	听	听	90	听	听2	听	72	听	164	听
听	听	听	922	听	38	听	176	听	1,136	听
Operating income (loss)	听	听	372	听	(33)	听	(80)	听	259	听
Other income (expense):	听	听	听	听	听	听	听	听	听	听
Interest expense	听	听	(84)	听	听鈥�	听	(56)	听	(140)	听
Share of earnings (losses) of affiliates, net	听	听	听3	听	听3	听	(10)	听	(4)	听
Realized and unrealized gains (losses) on financial instruments, net	听	听	听鈥�	听	听鈥�	听	(12)	听	(12)	听
Unrealized gains (losses) on intergroup interest (note 2)	听	听	听鈥�	听	(28)	听	28	听	听鈥�	听
Other, net	听	听	听6	听	听3	听	听8	听	17	听
听	听	听	(75)	听	(22)	听	(42)	听	(139)	听
Earnings (loss) before income taxes	听	听	297	听	(55)	听	(122)	听	120	听
Income tax (expense) benefit	听	听	(108)	听	听6	听	26	听	(76)	听
Net earnings (loss)	听	听	189	听	(49)	听	(96)	听	44	听
Less net earnings (loss) attributable to the noncontrolling interests	听	听	65	听	听鈥�	听	听鈥�	听	65	听
Net earnings (loss) attributable to Liberty stockholders	听	$	124	听	(49)	听	(96)	听	(21)	听

听

STATEMENT OF OPERATIONS INFORMATION

Three months ended听March 31, 2016

听

听	听	听	听	听	听	听	听	听	听	听
听	听	听	Attributed (note 1)					听	听	听
听	听	Liberty		听	听	听	听	听	听	听
听	听	SiriusXM		听	Braves	听	Formula One	听	Consolidated	听
听	听	Group		听	Group	听	Group	听	Liberty	听
听	听	amounts in millions								听
Revenue:	听	听	听	听	听	听	听	听	听	听
Subscriber revenue	听	$	1,009	听	听鈥�	听	听鈥�	听	1,009	听
Other revenue	听	听	191	听	听4	听	听鈥�	听	195	听
Total revenue	听	听	1,200	听	听4	听	听鈥�	听	1,204	听
Operating costs and expenses, including stock-based compensation (note 6):	听	听	听	听	听	听	听	听	听	听
Cost of subscriber services (exclusive of depreciation shown separately below):	听	听	听	听	听	听	听	听	听	听
Revenue share and royalties	听	听	252	听	听鈥�	听	听鈥�	听	252	听
Programming and content	听	听	85	听	听鈥�	听	听鈥�	听	85	听
Customer service and billing	听	听	97	听	听鈥�	听	听鈥�	听	97	听
Other	听	听	33	听	听鈥�	听	听鈥�	听	33	听
Subscriber acquisition costs	听	听	132	听	听鈥�	听	听鈥�	听	132	听
Other operating expenses	听	听	19	听	28	听	听鈥�	听	47	听
Selling, general and administrative	听	听	167	听	14	听	20	听	201	听
Legal settlement, net	听	听	听鈥�	听	听鈥�	听	(511)	听	(511)	听
Depreciation and amortization	听	听	79	听	听5	听	听3	听	87	听
听	听	听	864	听	47	听	(488)	听	423	听
Operating income (loss)	听	听	336	听	(43)	听	488	听	781	听
Other income (expense):	听	听	听	听	听	听	听	听	听	听
Interest expense	听	听	(81)	听	听鈥�	听	(3)	听	(84)	听
Share of earnings (losses) of affiliates, net	听	听	听7	听	听2	听	(21)	听	(12)	听
Realized and unrealized gains (losses) on financial instruments, net	听	听	听鈥�	听	听鈥�	听	(8)	听	(8)	听
Other, net	听	听	听1	听	听鈥�	听	听6	听	听7	听
听	听	听	(73)	听	听2	听	(26)	听	(97)	听
Earnings (loss) before income taxes	听	听	263	听	(41)	听	462	听	684	听
Income tax (expense) benefit	听	听	(102)	听	16	听	(171)	听	(257)	听
Net earnings (loss)	听	听	161	听	(25)	听	291	听	427	听
Less net earnings (loss) attributable to the noncontrolling interests	听	听	63	听	听鈥�	听	听鈥�	听	63	听
Net earnings (loss) attributable to Liberty stockholders	听	$	98	听	(25)	听	291	听	364	听

Condensed Statement of Cash Flows

STATEMENT OF CASH FLOWS INFORMATION

Three months ended听March 31, 2017

听

听	听	听	听	听	听	听	听	听	听	听
听	听	听	Attributed (note 1)					听	听	听
听	听	Liberty		听	听	听	听	听	听	听
听	听	SiriusXM		听	Braves	听	Formula One	听	Consolidated	听
听	听	Group		听	Group	听	Group	听	Liberty	听
听	听	amounts听in听millions								听
Cash flows from operating activities:	听	听	听	听	听	听	听	听	听	听
Net earnings (loss)	听	$	189	听	(49)	听	(96)	听	44	听
Adjustments to reconcile net earnings to net cash provided by operating activities:	听	听	听	听	听	听	听	听	听	听
Depreciation and amortization	听	听	90	听	听2	听	72	听	164	听
Stock-based compensation	听	听	34	听	听2	听	听8	听	44	听
Share of (earnings) loss of affiliates, net	听	听	(3)	听	(3)	听	10	听	听4	听
Unrealized (gains) losses on intergroup interest, net	听	听	听鈥�	听	28	听	(28)	听	听鈥�	听
Realized and unrealized (gains) losses on financial instruments, net	听	听	听鈥�	听	听鈥�	听	12	听	12	听
Noncash interest expense	听	听	听2	听	听鈥�	听	听鈥�	听	听2	听
Losses (gains) on dilution of investment in affiliate	听	听	听鈥�	听	听鈥�	听	(2)	听	(2)	听
Deferred income tax expense (benefit)	听	听	107	听	31	听	(12)	听	126	听
Intergroup tax allocation	听	听	(5)	听	(37)	听	42	听	听鈥�	听
Other charges (credits), net	听	听	听4	听	听鈥�	听	听鈥�	听	听4	听
Changes in operating assets and liabilities	听	听	听	听	听	听	听	听	听	听
Current and other assets	听	听	(14)	听	(15)	听	37	听	听8	听
Payables and other liabilities	听	听	(100)	听	53	听	44	听	(3)	听
Net cash provided (used) by operating activities	听	听	304	听	12	听	87	听	403	听
Cash flows from investing activities:	听	听	听	听	听	听	听	听	听	听
Investments in and loans to cost and equity investees	听	听	听鈥�	听	(2)	听	(3)	听	(5)	听
Net cash paid for the acquisition of Formula 1	听	听	听鈥�	听	听鈥�	听	(1,647)	听	(1,647)	听
Capital expended for property and equipment	听	听	(54)	听	(102)	听	听鈥�	听	(156)	听
Other investing activities, net	听	听	(7)	听	18	听	听鈥�	听	11	听
Net cash provided (used) by investing activities	听	听	(61)	听	(86)	听	(1,650)	听	(1,797)	听
Cash flows from financing activities:	听	听	听	听	听	听	听	听	听	听
Borrowings of debt	听	听	330	听	114	听	1,400	听	1,844	听
Repayments of debt	听	听	(194)	听	(32)	听	(928)	听	(1,154)	听
Proceeds from issuance of Series C Liberty Formula One common stock	听	听	听鈥�	听	听鈥�	听	1,550	听	1,550	听
Subsidiary shares repurchased by subsidiary	听	听	(306)	听	听鈥�	听	听鈥�	听	(306)	听
Cash dividends paid by subsidiary	听	听	(15)	听	听鈥�	听	听鈥�	听	(15)	听
Taxes paid in lieu of shares issued for stock-based compensation	听	听	(20)	听	听鈥�	听	(2)	听	(22)	听
Other financing activities, net	听	听	听5	听	听鈥�	听	听鈥�	听	听5	听
Net cash provided (used) by financing activities	听	听	(200)	听	82	听	2,020	听	1,902	听
Effect of foreign exchange rate changes on cash and cash equivalents	听	听	听鈥�	听	听鈥�	听	听1	听	听1	听
Net increase (decrease) in cash and cash equivalents	听	听	43	听	听8	听	458	听	509	听
Cash and cash equivalents at beginning of period	听	听	287	听	107	听	168	听	562	听
Cash and cash equivalents at end of period	听	$	330	听	115	听	626	听	1,071	听

听

STATEMENT OF CASH FLOWS INFORMATION

March 31, 2016

听

听	听	听	听	听	听	听	听	听	听	听
听	听	听	Attributed (note 1)					听	听	听
听	听	Liberty		听	听	听	听	听	听	听
听	听	SiriusXM		听	Braves	听	Formula One	听	Consolidated	听
听	听	Group		听	Group	听	Group	听	Liberty	听
听	听	amounts听in听millions								听
Cash flows from operating activities:	听	听	听	听	听	听	听	听	听	听
Net earnings (loss)	听	$	161	听	(25)	听	291	听	427	听
Adjustments to reconcile net earnings to net cash provided by operating activities:	听	听	听	听	听	听	听	听	听	听
Depreciation and amortization	听	听	79	听	听5	听	听3	听	87	听
Stock-based compensation	听	听	24	听	听2	听	听8	听	34	听
Share of (earnings) loss of affiliates, net	听	听	(7)	听	(2)	听	21	听	12	听
Realized and unrealized (gains) losses on financial instruments, net	听	听	听鈥�	听	听鈥�	听	听8	听	听8	听
Noncash interest expense	听	听	听2	听	听鈥�	听	听鈥�	听	听2	听
Losses (gains) on dilution of investment in affiliate	听	听	听鈥�	听	听鈥�	听	听2	听	听2	听
Deferred income tax expense (benefit)	听	听	97	听	(9)	听	26	听	114	听
Intergroup tax allocation	听	听	(1)	听	(6)	听	听7	听	听鈥�	听
Other charges (credits), net	听	听	听4	听	听1	听	(4)	听	听1	听
Changes in operating assets and liabilities	听	听	听	听	听	听	听	听	听	听
Current and other assets	听	听	(13)	听	(12)	听	听2	听	(23)	听
Payables and other liabilities	听	听	10	听	76	听	137	听	223	听
Net cash provided (used) by operating activities	听	听	356	听	30	听	501	听	887	听
Cash flows from investing activities:	听	听	听	听	听	听	听	听	听	听
Investments in and loans to cost and equity investees	听	听	听鈥�	听	(8)	听	(3)	听	(11)	听
Capital expended for property and equipment	听	听	(30)	听	(37)	听	听鈥�	听	(67)	听
Purchases of short term investments and other marketable securities	听	听	听鈥�	听	听鈥�	听	(99)	听	(99)	听
Sales of short term investments and other marketable securities	听	听	听鈥�	听	听鈥�	听	53	听	53	听
Other investing activities, net	听	听	(4)	听	听鈥�	听	听3	听	(1)	听
Net cash provided (used) by investing activities	听	听	(34)	听	(45)	听	(46)	听	(125)	听
Cash flows from financing activities:	听	听	听	听	听	听	听	听	听	听
Borrowings of debt	听	听	330	听	听5	听	听鈥�	听	335	听
Repayments of debt	听	听	(72)	听	(38)	听	(1)	听	(111)	听
Intergroup (payments) receipts	听	听	听6	听	70	听	(76)	听	听鈥�	听
Shares repurchased by subsidiary	听	听	(594)	听	听鈥�	听	听鈥�	听	(594)	听
Taxes paid in lieu of shares issued for stock-based compensation	听	听	(2)	听	听鈥�	听	(2)	听	(4)	听
Other financing activities, net	听	听	听鈥�	听	听9	听	听4	听	13	听
Net cash provided (used) by financing activities	听	听	(332)	听	46	听	(75)	听	(361)	听
Net increase (decrease) in cash and cash equivalents	听	听	(10)	听	31	听	380	听	401	听
Cash and cash equivalents at beginning of period	听	听	112	听	13	听	76	听	201	听
Cash and cash equivalents at end of period	听	$	102	听	44	听	456	听	602	听

听