茄子污污视频

Quarterly report pursuant to Section 13 or 15(d)

Earnings Attributable to 茄子污污视频 Stockholders Per Common Share

v3.22.2
Earnings Attributable to 茄子污污视频 Stockholders Per Common Share
6 Months Ended
Jun. 30, 2022
Earnings Attributable to 茄子污污视频 Stockholders Per Common Share

(4)听听听Earnings Attributable to 茄子污污视频 Stockholders Per Common Share

Basic earnings (loss) per common share ("EPS") is computed by dividing net earnings (loss) by the weighted average number of common shares outstanding (鈥淲ASO鈥) for the period. Diluted EPS presents the dilutive effect on a per share basis of potential common shares as if they had been converted at the beginning of the periods presented, including any necessary adjustments to earnings (loss) attributable to shareholders.

In August 2020, the Financial Accounting Standards Board issued Accounting Standards Update 2020-06, Debt鈥擠ebt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging鈥 Contracts in Entity鈥檚 Own Equity (Subtopic 815-40) (鈥淎SU 2020-06鈥) which removes the separation models for convertible debt with cash conversion or beneficial conversion features and also requires the application of the if-converted method for calculating diluted earnings per share as the treasury stock method is no longer permitted for convertible instruments. The Company adopted ASU 2020-06 as of January 1, 2022 using the modified retrospective approach, which does not require retrospective adjustment of prior period EPS, and recorded an immaterial cumulative effect adjustment to retained earnings upon adoption. The adoption of ASU 2020-06 decreased diluted earnings attributable to Liberty SiriusXM stockholders per common share by $0.12 and $0.15 per share for the three and six months ended June 30, 2022, respectively.

Excluded from diluted EPS for the three and six months ended June 30, 2022 are approximately 25 million and 22 million potentially dilutive shares of Series A and Series C Liberty SiriusXM common stock, respectively, 5 million and 9 million potentially dilutive shares of Series A and Series C Liberty Braves common stock, respectively, and 5 million and

8 million potentially dilutive shares of Series A and Series C Liberty Formula One common stock, respectively, primarily due to warrants issued in connection with the Bond Hedge Transaction (as defined in note 8) and shares of Series A Liberty Braves common stock and Series A Liberty Formula One common stock underlying the intergroup interests, because their inclusion would be antidilutive. The warrant transactions (as described in note 8) may have a dilutive effect with respect to the shares comprising the basket of Liberty鈥檚 tracking stocks as specified in the indenture, as amended, related to the Convertible Notes (the 鈥淪ecurities Basket鈥) underlying the warrants to the extent that the settlement price exceeds the strike price of the warrants, and the warrants are settled in shares comprising such Securities Basket. The warrants and any potential future settlement are attributed to the Liberty SiriusXM Group.

Series听A, Series听B and Series C Liberty SiriusXM Common Stock

The basic and diluted EPS calculations are based on the following weighted average outstanding shares of common stock. 听

Three months ended June 30,

Six months ended June 30,

2022

听听听听

2021

听听听听

2022

听听听听

2021

苍耻尘产别谤蝉听辞蹿听蝉丑补谤别蝉听颈苍听尘颈濒濒颈辞苍蝉

Basic WASO

329

335

330

336

Potentially dilutive shares (a)

19

2

20

2

Diluted WASO (b)

348

337

350

338

(a) Potentially dilutive shares are excluded from the computation of EPS during period in which net losses are reported since the result would be antidilutive.
(b) For periods in which share settlement of the 2.125% Exchangeable Senior Debentures and 2.75% Exchangeable Senior Debentures, which may be settled in shares of Series C Liberty SiriusXM common stock, is dilutive, the numerator adjustment includes a reversal of the interest expense and the unrealized gain or loss recorded on the instruments during the period, net of tax where appropriate. Additionally, a hypothetical mark to market adjustment on the shares of Series A Liberty SiriusXM common stock included in the Securities Basket underlying the warrants is included in the numerator adjustment in periods in which cash settlement of the warrants would be more dilutive than share settlement.

Three months ended June 30,

Six months ended June 30,

2022

听听听听

2021

听听听听

2022

听听听听

2021

听听听听

amounts听in听millions

Basic earnings (loss) attributable to Liberty SiriusXM stockholders

$

447

337

735

326

Adjustments

(14)

NA

(13)

NA

Diluted earnings (loss) attributable to Liberty SiriusXM stockholders

$

433

337

722

326

Series听A, Series听B and Series C Liberty Braves Common Stock

The basic and diluted EPS calculations are based on the following weighted average outstanding shares of common stock. 听

Three months ended June 30,

Six months ended June 30,

2022

听听听听

2021

听听听听

2022

听听听听

2021

苍耻尘产别谤蝉听辞蹿听蝉丑补谤别蝉听颈苍听尘颈濒濒颈辞苍蝉

Basic WASO

53

52

53

52

Potentially dilutive shares (a)(b)

9

9

9

9

Diluted WASO (b)

62

61

62

61

(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) The number of notional shares representing the intergroup interest in the Braves Group held by the Formula One Group is 6,792,903 and the number of notional shares representing the intergroup interest in the Braves Group held by the Liberty SiriusXM Group is 2,292,037 as of June 30, 2022.

The intergroup interests are quasi-equity interests which are not represented by outstanding shares of common stock; rather, the Formula One Group and the Liberty SiriusXM Group have attributed values in the Braves Group which are generally stated in terms of a number of shares of stock issuable to the Formula One Group and the Liberty SiriusXM Group with respect to their interests in the Braves Group. Each reporting period, the notional shares representing the intergroup interests are marked to fair value. As the notional shares underlying the intergroup interests 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) related to the Formula One Group interest in the Braves Group would be comprised of Series C Liberty Braves common stock in order to not dilute voting percentages and the notional shares (if and when issued) related to the Liberty SiriusXM Group interest in the Braves Group would be comprised of Series A Liberty Braves common stock since Series A Liberty Braves common stock underlie the Convertible Notes. Therefore, the market prices of Series C Liberty Braves and Series A Liberty Braves common stock are used for the quarterly mark-to-market adjustment for the intergroup interests held by Formula One Group and Liberty SiriusXM Group, respectively, through the unaudited attributed condensed consolidated statements of operations. The notional shares representing the intergroup interests have no impact on the basic WASO. However, if dilutive, the notional shares representing the intergroup interests are included in the diluted WASO as if the shares had been issued and outstanding during the period. For periods in which share settlement of the intergroup interests are dilutive, 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 interests to fair value during the period. Additionally, a hypothetical mark to market adjustment on the shares of Series A Liberty Braves common stock included in the Securities Basket underlying the warrants is included in the numerator adjustment in periods in which cash settlement of the warrants would be more dilutive than share settlement.

Three months ended June 30,

Six months ended June 30,

2022

听听听听

2021

听听听听

2022

听听听听

2021

听听听听

amounts听in听millions

Basic earnings (loss) attributable to Liberty Braves stockholders

$

64

25

51

(34)

Adjustments

(35)

(1)

(36)

27

Diluted earnings (loss) attributable to Liberty Braves stockholders

$

29

24

15

(7)

Series听A, Series听B and Series C Liberty Formula One Common Stock

The basic and diluted EPS calculations are based on the following weighted average outstanding shares of common stock. 听

Three months ended June 30,

Six months ended June 30,

2022

听听听听

2021

听听听听

2022

2021

苍耻尘产别谤蝉听辞蹿听蝉丑补谤别蝉听颈苍听尘颈濒濒颈辞苍蝉

Basic WASO

232

232

232

232

Potentially dilutive shares (a)(b)

9

8

9

8

Diluted WASO (b)

241

240

241

240

(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 2, the number of notional Liberty Formula One shares representing the Liberty SiriusXM Group鈥檚 intergroup interest in the Formula One Group is 5,271,475 shares as of June 30, 2022. The intergroup interest is a quasi-equity interest which is not represented by outstanding shares of common stock; rather, the Liberty SiriusXM Group has an attributed value in the Formula One Group which is generally stated in terms of a number of shares of stock issuable to the Liberty SiriusXM Group with respect to its interest in the Formula One 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 Formula One common stock. However, Liberty has assumed that the notional shares (if and when issued) would be comprised of Series A Liberty Formula One common stock since Series A Liberty Formula One common stock underlie the Convertible Notes. 听Therefore, the market price of Series A Liberty Formula One 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 WASO. However, if dilutive, the notional shares representing the intergroup interest are included in the diluted WASO as if the shares had been issued and outstanding during the period. For periods in which share settlement of the intergroup interest is dilutive, 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. Additionally, an adjustment is also made to the numerator for a hypothetical mark to market adjustment on the shares of Series A Liberty Formula One common stock included in the Securities Basket underlying the warrants in periods in which cash settlement would be more dilutive than share settlement.

Three months ended June 30,

Six months ended June 30,

2022

听听听听

2021

听听听听

2022

听听听听

2021

听听听听

amounts听in听millions

Basic earnings (loss) attributable to Formula One stockholders

$

111

55

76

9

Adjustments

(27)

24

(7)

25

Diluted earnings (loss) attributable to Formula One stockholders

$

84

79

69

34