Earnings Attributable to jvidÊÓƵ Stockholders Per Common Share (Tables)
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6 Months Ended |
Jun. 30, 2017 |
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| jvidÊÓƵ |
Ìý
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| Reconciliation of Basic and Diluted Weighted Average Shares |
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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LibertyÌýMedia Corporation CommonÌýStock
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Ìý
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Ìý
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Ìý
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ThreeÌýmonths
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Ìý
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April 1, 2016
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Ìý
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Six months
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Ìý
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January 1, 2016
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Ìý
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Ìý
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Ìý
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ended
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Ìý
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through
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Ìý
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ended
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Ìý
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through
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Ìý
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Ìý
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ÌýÌýÌýÌý
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June 30, 2017
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ÌýÌýÌýÌý
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April 15, 2016
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Ìý
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June 30, 2017
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ÌýÌýÌýÌý
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April 15, 2016
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Ìý
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Ìý
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Ìý
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numbersÌýofÌýsharesÌýinÌýmillions
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Ìý
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Basic WASO
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Ìý
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NA
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Ìý
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335
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Ìý
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NA
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Ìý
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335
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Ìý
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Potentially dilutive shares
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Ìý
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NA
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Ìý
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Ìý2
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Ìý
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NA
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Ìý
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Ìý2
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Ìý
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Diluted WASO
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Ìý
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NA
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Ìý
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337
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Ìý
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NA
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Ìý
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337
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Ìý
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Ìý
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| Liberty Sirius XM Group |
Ìý
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| Reconciliation of Basic and Diluted Weighted Average Shares |
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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LibertyÌýSiriusXM CommonÌýStock
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Ìý
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Ìý
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Ìý
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ThreeÌýmonths
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Ìý
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April 15, 2016
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Ìý
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Six months
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Ìý
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April 15, 2016
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Ìý
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Ìý
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Ìý
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ended
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Ìý
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through
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Ìý
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ended
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Ìý
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through
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Ìý
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Ìý
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ÌýÌýÌýÌý
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June 30, 2017
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ÌýÌýÌýÌý
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June 30, 2016
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Ìý
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June 30, 2017
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Ìý
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June 30, 2016
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Ìý
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Ìý
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Ìý
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numbersÌýofÌýsharesÌýinÌýmillions
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Ìý
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Basic WASO
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Ìý
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335
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Ìý
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335
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Ìý
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335
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Ìý
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335
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Ìý
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Potentially dilutive shares
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Ìý
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Ìý4
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Ìý
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Ìý2
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Ìý
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Ìý4
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Ìý
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Ìý2
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Ìý
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Diluted WASO
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Ìý
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339
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Ìý
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337
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Ìý
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339
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Ìý
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337
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Ìý
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Ìý
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| Braves Group |
Ìý
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| Reconciliation of Basic and Diluted Weighted Average Shares |
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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LibertyÌýBraves CommonÌýStock
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Ìý
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Ìý
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Ìý
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ThreeÌýmonths
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Ìý
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April 15, 2016
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Ìý
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Six months
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Ìý
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April 15, 2016
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Ìý
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|
Ìý
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Ìý
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ended
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Ìý
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through
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Ìý
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ended
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Ìý
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through
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Ìý
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Ìý
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ÌýÌýÌýÌý
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June 30, 2017 (a)(b)
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ÌýÌýÌýÌý
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June 30, 2016
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Ìý
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June 30, 2017 (a)(b)
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Ìý
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June 30, 2016
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Ìý
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Ìý
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Ìý
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numbersÌýofÌýsharesÌýinÌýmillions
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Ìý
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Basic WASO
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Ìý
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49
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Ìý
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36
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Ìý
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49
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Ìý
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36
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Ìý
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Potentially dilutive shares
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Ìý
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10
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Ìý
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Ìý9
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Ìý
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10
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Ìý
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Ìý9
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Ìý
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Diluted WASO
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Ìý
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59
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Ìý
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45
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Ìý
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59
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Ìý
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45
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Ìý
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(a)
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Potentially dilutive shares are excluded from the computation of diluted EPS during periods in which losses are reported since the result would be antidilutive.
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(b)
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As discussed in note 2, following the Recapitalization and SeriesÌýC 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:
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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ThreeÌýmonths
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Ìý
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April 15, 2016
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Ìý
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Six months
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Ìý
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April 15, 2016
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Ìý
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Ìý
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Ìý
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ended
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Ìý
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through
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Ìý
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ended
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Ìý
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through
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Ìý
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Ìý
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Ìý
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June 30, 2017
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ÌýÌýÌýÌý
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June 30, 2016
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Ìý
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June 30, 2017
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Ìý
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June 30, 2016
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Ìý
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Ìý
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ÌýÌýÌýÌý
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amountsÌýinÌýmillions
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Ìý
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Basic earnings (loss) attributable to Liberty Braves shareholders
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$
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(2)
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Ìý
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32
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Ìý
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(51)
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Ìý
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32
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Ìý
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Unrealized (gain) loss on the intergroup interest
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Ìý
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Ìý3
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Ìý
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(27)
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Ìý
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31
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Ìý
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(27)
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Ìý
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Diluted earnings (loss) attributable to Liberty Braves shareholders
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$
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Ìý1
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Ìý
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Ìý5
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Ìý
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(20)
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Ìý
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Ìý5
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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| Formula One Group |
Ìý
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| Reconciliation of Basic and Diluted Weighted Average Shares |
|
Ìý
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Ìý
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LibertyÌýFormula One CommonÌýStock
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Ìý
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Ìý
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Ìý
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ThreeÌýmonths
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Ìý
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April 15, 2016
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Ìý
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Six months
|
Ìý
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April 15, 2016
|
Ìý
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|
Ìý
|
Ìý
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ended
|
Ìý
|
through
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Ìý
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ended
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Ìý
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through
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Ìý
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Ìý
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ÌýÌýÌýÌý
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June 30, 2017 (a)
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ÌýÌýÌýÌý
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June 30, 2016
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Ìý
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June 30, 2017 (a)
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Ìý
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June 30, 2016
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Ìý
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Ìý
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Ìý
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numbersÌýofÌýsharesÌýinÌýmillions
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Ìý
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|
Basic WASO
|
Ìý
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207
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Ìý
|
83
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Ìý
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190
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Ìý
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83
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Ìý
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ÌýÌýPotentially dilutive shares
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Ìý
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Ìý7
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Ìý
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Ìý1
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Ìý
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Ìý7
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Ìý
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Ìý1
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Ìý
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Diluted WASO
|
Ìý
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214
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Ìý
|
84
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Ìý
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197
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Ìý
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84
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Ìý
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(a)
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Potentially dilutive shares are excluded from the computation of diluted EPS during periods in which losses are reported since the result would be antidilutive.
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