Liberty Global, Inc.
CIK:0001316631|SEC Filings
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Earnings (Loss) per Common Share
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3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2013
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| Earnings Per Share [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Earnings (Loss) per Common Share | Earnings (Loss) per Common Share Basic earnings (loss) per share attributable to LGI stockholders is computed by dividing net earnings (loss) attributable to LGI stockholders by the weighted average number of common shares (excluding restricted shares) outstanding for the period. Diluted earnings (loss) per share attributable to LGI stockholders presents the dilutive effect, if any, on a per share basis of potential common shares (e.g., options, SARs, restricted shares, restricted share units and convertible securities) as if they had been exercised, vested or converted at the beginning of the periods presented. The details of our net loss attributable to LGI stockholders are set forth below:
We reported losses from continuing operations attributable to LGI stockholders for the three months ended March 31, 2013 and 2012. Therefore, the potentially dilutive effect at March 31, 2013 and 2012 of (i) the aggregate number of shares issuable pursuant to outstanding options, SARs and restricted shares and share units of approximately 9.3 million and 9.8 million, respectively, (ii) the aggregate number of shares issuable pursuant to obligations that may be settled in cash or shares of approximately 3.7 million and 3.7 million, respectively, and (iii) the number of shares issuable pursuant to PSUs of approximately 1.3 million and 2.2 million, respectively, were not included in the computation of diluted loss per share attributable to LGI stockholders because their inclusion would have been anti-dilutive to the computation or, in the case of certain PSUs, because such awards had not yet met the applicable performance criteria. |
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Condensed Consolidated Balance Sheets (USD $)
In Millions, unless otherwise specified |
Mar. 31, 2013
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Dec. 31, 2012
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| Current assets: | ||||||||
| Cash and cash equivalents | $ 2,906.8 | $ 2,038.9 | ||||||
| Trade receivables, net | 893.4 | 1,031.0 | ||||||
| Deferred income taxes | 78.0 | 98.4 | ||||||
| Other current assets (note 4) | 651.2 | 557.5 | ||||||
| Total current assets | 4,529.4 | 3,725.8 | ||||||
| Restricted cash (notes 2 and 9) | 3,556.4 | 1,516.7 | ||||||
| Investments (including $1,806.2 million and $947.9 million, respectively, measured at fair value) (note 3) | 1,807.1 | 950.1 | ||||||
| Property and equipment, net (note 6) | 13,018.5 | 13,437.6 | ||||||
| Goodwill (note 6) | 13,449.9 | 13,877.6 | ||||||
| Intangible assets subject to amortization, net (note 6) | 2,397.8 | 2,581.3 | ||||||
| Other assets, net (note 4) | 2,213.2 | 2,218.6 | ||||||
| Total assets | 40,972.3 | 38,307.7 | ||||||
| Current liabilities: | ||||||||
| Accounts payable | 578.9 | 774.0 | ||||||
| Deferred revenue and advance payments from subscribers and others | 903.5 | 849.7 | ||||||
| Current portion of debt and capital lease obligations (note 7) | 1,065.8 | [1] | 363.5 | [1] | ||||
| Derivative instruments (note 4) | 538.0 | [2] | 569.9 | [2] | ||||
| Accrued interest | 324.7 | 351.8 | ||||||
| Accrued programming | 276.8 | 251.0 | ||||||
| Other accrued and current liabilities (note 3) | 2,232.0 | 1,460.4 | ||||||
| Total current liabilities | 5,919.7 | 4,620.3 | ||||||
| Long-term debt and capital lease obligations (note 7) | 29,600.1 | [1] | 27,161.0 | [1] | ||||
| Other long-term liabilities (note 4) | 3,883.8 | 4,441.3 | ||||||
| Total liabilities | 39,403.6 | 36,222.6 | ||||||
| Commitments and contingencies (notes 2, 4, 7 and 13) | ||||||||
| LGI stockholders: | ||||||||
| Additional paid-in capital | 2,329.2 | 2,955.6 | ||||||
| Accumulated deficit | (2,349.7) | (2,348.7) | ||||||
| Accumulated other comprehensive earnings, net of taxes | 1,615.4 | 1,600.5 | ||||||
| Total LGI stockholders | 1,597.5 | 2,210.0 | ||||||
| Noncontrolling interests | (28.8) | (124.9) | ||||||
| Total equity | 1,568.7 | 2,085.1 | ||||||
| Total liabilities and equity | 40,972.3 | 38,307.7 | ||||||
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Series A common stock, $0.01 par value. Authorized 500,000,000 shares; issued and outstanding 141,099,760 and 142,284,430 shares, respectively
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| LGI stockholders: | ||||||||
| Common stock | 1.4 | 1.4 | ||||||
| Total equity | 1.4 | 1.4 | ||||||
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Series B common stock, $0.01 par value. Authorized 50,000,000 shares; issued and outstanding 10,176,295 and 10,206,145 shares, respectively
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| LGI stockholders: | ||||||||
| Common stock | 0.1 | 0.1 | ||||||
| Total equity | 0.1 | 0.1 | ||||||
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Series C common stock, $0.01 par value. Authorized 500,000,000 shares; issued and outstanding 105,429,468 and 106,402,667 shares, respectively
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| LGI stockholders: | ||||||||
| Common stock | 1.1 | 1.1 | ||||||
| Total equity | $ 1.1 | $ 1.1 | ||||||
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