SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D. C. 20549
FORM 10-Q
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QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
For the quarterly period ended September 30, 2015
OR
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TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
For the transition period from to
Commission File Number 001-35707
LIBERTY MEDIA CORPORATION
(Exact name of Registrant as specified in its charter)
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State of Delaware |
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37-1699499 |
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(State or other jurisdiction of incorporation or organization) |
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(I.R.S. Employer Identification No.) |
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12300 麻豆最新出品 Boulevard |
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80112 |
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(Address of principal executive offices) |
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(Zip Code) |
Registrant's telephone number, including area code: (720) 875-5400
Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports) and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐
Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes ☒ No ☐
Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of "large accelerated filer," "accelerated filer" and "smaller reporting company" in Rule 12b-2 of the Exchange Act.
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Large accelerated filer ☒ |
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Accelerated filer ☐ |
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Non-accelerated filer ☐ |
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Smaller reporting company ☐ |
Indicate by check mark whether the Registrant is a shell company as defined in Rule 12b-2 of the Exchange Act. Yes ☐ No ☒
The number of outstanding shares of 麻豆最新出品's common stock as of October 31, 2015 was:
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Series A common stock |
102,081,574 | |
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Series B common stock |
9,870,966 | |
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Series C common stock |
222,261,779 |
I-2
LIBERTY MEDIA CORPORATION AND SUBSIDIARIES
Condensed Consolidated Balance Sheets
(unaudited)
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September 30, 2015 |
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December 31, 2014 |
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amounts in millions |
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Assets |
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Current assets: |
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Cash and cash equivalents |
$ |
588 |
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681 |
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Trade and other receivables, net |
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278 |
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235 |
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Short term marketable securities (note 4) |
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19 |
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199 |
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Deferred income tax assets |
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840 |
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931 |
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Other current assets |
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385 |
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270 |
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Total current assets |
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2,110 |
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2,316 |
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Investments in available-for-sale securities and other cost investments (note 5) |
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541 |
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816 |
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Investments in affiliates, accounted for using the equity method (note 6) |
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759 |
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851 |
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Property and equipment, at cost |
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2,443 |
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2,215 |
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Accumulated depreciation |
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(656) |
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(501) |
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1,787 |
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1,714 |
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Intangible assets not subject to amortization (note 7): |
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Goodwill |
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14,345 |
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14,345 |
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FCC licenses |
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8,600 |
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8,600 |
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Other |
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1,073 |
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1,073 |
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24,018 |
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24,018 |
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Intangible assets subject to amortization, net (note 7) |
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1,112 |
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1,166 |
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Other assets, at cost, net of accumulated amortization |
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353 |
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326 |
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Total assets |
$ |
30,680 |
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31,207 |
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(continued)
See accompanying notes to condensed consolidated financial statements.
I-3
LIBERTY MEDIA CORPORATION AND SUBSIDIARIES
Condensed Consolidated Balance Sheets (Continued)
(unaudited)
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September 30, 2015 |
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December 31, 2014 |
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amounts in millions, |
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except share amounts |
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Liabilities and Equity |
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Current liabilities: |
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Accounts payable and accrued liabilities |
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$ |
755 |
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712 |
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Current portion of debt |
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256 |
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257 |
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Deferred revenue |
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1,717 |
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1,641 |
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Other current liabilities |
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33 |
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40 |
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Total current liabilities |
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2,761 |
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2,650 |
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Long-term debt, including $960 million and $990 million measured at fair value at September 30, 2015 and December 31, 2014, respectively (note 8) |
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6,546 |
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5,595 |
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Deferred income tax liabilities |
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2,429 |
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2,438 |
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Other liabilities |
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502 |
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348 |
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Total liabilities |
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12,238 |
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11,031 |
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Stockholders' equity: |
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Preferred stock, $.01 par value. Authorized 50,000,000 shares; no shares issued |
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— |
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— |
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Series A common stock, $.01 par value. Authorized 2,000,000,000 shares; issued and outstanding 102,075,228 shares at September 30, 2015 and 104,505,449 shares at December 31, 2014 |
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1 |
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1 |
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Series B common stock, $.01 par value. Authorized 75,000,000 shares; issued and outstanding 9,870,966 shares at September 30, 2015 and 9,873,972 shares December 31, 2014 |
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— |
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— |
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Series C common stock, $.01 par value. Authorized 2,000,000,000 shares; issued and outstanding 223,504,935 shares at September 30, 2015 and 228,781,948 shares December 31, 2014 |
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2 |
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2 |
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Additional paid-in capital |
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— |
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— |
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Accumulated other comprehensive earnings (loss), net of taxes |
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(46) |
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(21) |
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Retained earnings |
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11,037 |
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11,416 |
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Total stockholders' equity |
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10,994 |
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11,398 |
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Noncontrolling interests in equity of subsidiaries |
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7,448 |
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8,778 |
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Total equity |
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18,442 |
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20,176 |
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Commitments and contingencies (note 9) |
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Total liabilities and equity |
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$ |
30,680 |
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31,207 |
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See accompanying notes to condensed consolidated financial statements.
I-4
LIBERTY MEDIA CORPORATION AND SUBSIDIARIES
Condensed Consolidated Statements Of Operations
(unaudited)
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Three months ended |
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Nine months ended |
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September 30, |
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September 30, |
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2015 |
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2014 |
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2015 |
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2014 |
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amounts in millions |
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Revenue: |
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Subscriber revenue |
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$ |
969 |
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892 |
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2,812 |
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2,602 |
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Other revenue |
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315 |
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292 |
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775 |
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753 |
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Total revenue |
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1,284 |
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1,184 |
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3,587 |
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3,355 |
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Operating costs and expenses, including stock based compensation (note 2): |
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Cost of subscriber services (exclusive of depreciation shown separately below): |
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