v3.10.0.1
SCHEDULE I (Parent Company Information)
 12 Months Ended
Dec. 31, 2018
Condensed Financial Information Disclosure [Abstract]  
SCHEDULE I (Parent Company Information) LIBERTY GLOBAL PLC
SCHEDULE I
(Parent Company Information - See Notes to Consolidated Financial Statements)
CONDENSED BALANCE SHEETS
(Parent Company Only)

 
December 31,
 
2018
 
2017
 
in millions
ASSETS
 
 
 
Current assets:
 
 
 
Cash and cash equivalents
$
10.8

 
$
73.2

Interest receivables — related-party
—

 
1.8

Other receivables — related-party
13.0

 
44.6

Other current assets
7.0

 
5.8

Total current assets
30.8

 
125.4

Long-term notes receivable — related-party
1,215.5

 
975.8

Investments in consolidated subsidiaries, including intercompany balances
20,829.5

 
17,472.6

Other assets, net
13.7

 
17.8

Total assets
$
22,089.5

 
$
18,591.6

LIBERTY GLOBAL PLC
SCHEDULE I
(Parent Company Information - See Notes to Consolidated Financial Statements)
CONDENSED BALANCE SHEETS — (Continued)
(Parent Company Only)

 
December 31,
 
2018
 
2017
 
in millions
LIABILITIES AND SHAREHOLDERS’ EQUITY
 
 
 
Current liabilities:
 
 
 
Accounts payable
$
3.5

 
$
0.9

Other payables — related-party
26.4

 
68.7

Current portion of notes payable — related-party
3,033.3

 
2,834.7

Accrued liabilities and other
9.1

 
5.6

Total current liabilities
3,072.3

 
2,909.9

Long-term notes payable — related-party
14,332.5

 
7,884.1

Other long-term liabilities — related-party
—

 
989.9

Other long-term liabilities
3.3

 
2.7

Total liabilities
17,408.1

 
11,786.6

Commitments and contingencies

 

Shareholders’ equity:
 
 
 
Liberty Global Shares — Class A, $0.01 nominal value. Issued and outstanding 204,450,499 and 219,668,579 shares, respectively
2.0

 
2.2

Liberty Global Shares — Class B, $0.01 nominal value. Issued and outstanding 11,099,593 and 11,102,619 shares, respectively
0.1

 
0.1

Liberty Global Shares — Class C, $0.01 nominal value. Issued and outstanding 531,174,389 and 584,332,055 shares, respectively
5.3

 
5.8

Additional paid-in capital
9,214.5

 
11,358.6

Accumulated deficit
(5,172.2
)
 
(6,217.6
)
Accumulated other comprehensive earnings, net of taxes
631.8

 
1,656.0

Treasury shares, at cost
(0.1
)
 
(0.1
)
Total shareholders’ equity
4,681.4

 
6,805.0

Total liabilities and shareholders’ equity
$
22,089.5

 
$
18,591.6

LIBERTY GLOBAL PLC
SCHEDULE I
(Parent Company Information - See Notes to Consolidated Financial Statements)
CONDENSED STATEMENTS OF OPERATIONS
(Parent Company Only)

 
Year ended December 31,
 
2018
 
2017
 
2016
 
in millions
Operating costs and expenses:
 
 
 
 
 
Selling, general and administrative (including share-based compensation)
$
42.8

 
$
44.9

 
$
52.9

Related-party fees and allocations
8.0

 
55.2

 
66.3

Depreciation and amortization
1.5

 
1.0

 
0.8

Other operating expenses
—

 
—

 
0.7

Operating loss
(52.3
)
 
(101.1
)
 
(120.7
)
Non-operating income (expense):
 
 
 
 
 
Interest expense — related-party
(678.0
)
 
(406.5
)
 
(162.3
)
Interest income — related-party
70.9

 
822.7

 
781.0

Foreign currency transaction gains (losses), net
381.0

 
(644.8
)
 
45.8

Other income (expense), net
0.1

 
(3.3
)
 
(1.3
)
 
(226.0
)
 
(231.9
)
 
663.2

Earnings (loss) before income taxes and equity in earnings (losses) of consolidated subsidiaries, net
(278.3
)
 
(333.0
)
 
542.5

Equity in earnings (losses) of consolidated subsidiaries, net
887.9

 
(2,386.0
)
 
1,279.7

Income tax benefit (expense)
115.7

 
(59.1
)
 
(116.9
)
Net earnings (loss)
$
725.3

 
$
(2,778.1
)
 
$
1,705.3

LIBERTY GLOBAL PLC
SCHEDULE I
(Parent Company Information - See Notes to Consolidated Financial Statements)
CONDENSED STATEMENTS OF CASH FLOWS
(Parent Company Only)
 
Year ended December 31,
 
2018
 
2017
 
2016
 
in millions
Cash flows from operating activities:
 
 
 
 
 
Net earnings (loss)
$
725.3

 
$
(2,778.1
)
 
$
1,705.3

Adjustments to reconcile net earnings (loss) to net cash provided (used) by operating activities:
 
 
 
 
 
Equity in losses (earnings) of consolidated subsidiaries, net
(887.9
)
 
2,386.0

 
(1,279.7
)
Share-based compensation expense
20.6

 
19.8

 
29.0

Related-party fees and allocations
8.0

 
55.2

 
66.3

Depreciation and amortization
1.5

 
1.0

 
0.8

Other operating expenses
—

 
—

 
0.7

Foreign currency transaction losses (gains), net
(381.0
)
 
644.8

 
(45.8
)
Deferred income tax benefit
(2.8
)
 
(1.6
)
 
(1.7
)
Changes in operating assets and liabilities:
 
 
 
 
 
Receivables and other operating assets
(134.8
)
 
502.7

 
116.4

Payables and accruals
564.4

 
(160.9
)
 
29.0

Net cash provided (used) by operating activities
(86.7
)
 
668.9

 
620.3

 
 
 
 
 
 
Cash flows from investing activities:
 
 
 
 
 
Distribution and repayments from (investments in and advances to) consolidated subsidiaries, net
(93.4
)
 
1,188.7

 
(133.6
)
Other investing activities, net
—

 
(7.0
)
 
0.3

Net cash provided (used) by investing activities
(93.4
)
 
1,181.7

 
(133.3
)
 
 
 
 
 
 
Cash flows from financing activities:
 
 
 
 
 
Borrowings of related-party debt
3,133.3

 
4,632.7

 
5,249.8

Repayments of related-party debt
(1,010.0
)
 
(3,496.0
)
 
(3,751.5
)
Repurchase of Liberty Global ordinary shares
(2,009.9
)
 
(2,976.2
)
 
(1,968.3
)
Proceeds from issuance of Liberty Global shares upon exercise of options
5.7

 
11.7

 
17.4

Proceeds associated with call option contracts, net
—

 
—

 
9.2

Other financing activities, net
(1.4
)
 
(8.1
)
 
(9.4
)
Net cash provided (used) by financing activities
117.7

 
(1,835.9
)
 
(452.8
)
 
 
 
 
 
 
Effect of exchange rate changes on cash
—

 
(0.4
)
 
(0.3
)
 
 
 
 
 
 
Net increase (decrease) in cash and cash equivalents
(62.4
)
 
14.3

 
33.9

Cash and cash equivalents:
 
 
 
 
 
Beginning of period
78.4

 
64.1

 
30.2

End of period
$
16.0

 
$
78.4

 
$
64.1

 
 
 
 
 
 
Details of end of period cash and cash equivalents and restricted cash:
 
 
 
 
 
Cash and cash equivalents
$
10.8

 
$
73.2

 
$
58.9

Restricted cash included in other current assets
5.2

 
5.2

 
5.2

Total cash and cash equivalents and restricted cash
$
16.0

 
$
78.4

 
$
64.1