| Disposal groups, including discontinued operations |
The carrying amounts of the major classes of assets and liabilities of the Vodafone Disposal Group and UPC DTH as of December 31, 2018 are summarized below. These amounts exclude intercompany assets and liabilities that are eliminated within our consolidated balance sheet. | | | | | | | | | | | | | | Vodafone Disposal Group | | UPC DTH | | Total | | in millions | Assets: | | | | | | Current assets other than cash | $ | 348.0 |
| | $ | 8.5 |
| | $ | 356.5 |
| Property and equipment, net | 5,591.4 |
| | 79.7 |
| | 5,671.1 |
| Goodwill | 3,986.7 |
| | — |
| | 3,986.7 |
| Other assets, net | 509.4 |
| | 7.4 |
| | 516.8 |
| Total assets | $ | 10,435.5 |
| | $ | 95.6 |
| | $ | 10,531.1 |
| | | | | | | Liabilities: | | | | | | Current portion of debt and capital lease obligations | $ | 809.0 |
| | $ | 11.2 |
| | $ | 820.2 |
| Other accrued and current liabilities | 1,114.8 |
| | 32.5 |
| | 1,147.3 |
| Long-term debt and capital lease obligations | 9,037.1 |
| | 37.5 |
| | 9,074.6 |
| Other long-term liabilities | 997.5 |
| | 0.3 |
| | 997.8 |
| Total liabilities | $ | 11,958.4 |
| | $ | 81.5 |
| | $ | 12,039.9 |
|
The carrying amounts of the major classes of assets and liabilities of UPC Austria, the Vodafone Disposal Group and UPC DTH as of December 31, 2017 are summarized below. These amounts exclude intercompany assets and liabilities that are eliminated within our consolidated balance sheet. | | | | | | | | | | | | | | | | | | UPC Austria | | Vodafone Disposal Group | | UPC DTH | | Total | | in millions | Assets: | | | | | | | | Current assets other than cash | $ | 29.2 |
| | $ | 238.9 |
| | $ | 7.9 |
| | $ | 276.0 |
| Property and equipment, net | 451.9 |
| | 5,290.1 |
| | 96.3 |
| | 5,838.3 |
| Goodwill | 732.2 |
| | 4,181.0 |
| | — |
| | 4,913.2 |
| Other assets, net | 3.2 |
| | 482.7 |
| | — |
| | 485.9 |
| Total assets | $ | 1,216.5 |
| | $ | 10,192.7 |
| | $ | 104.2 |
| | $ | 11,513.4 |
| | | | | | | | | Liabilities: | | | | | | | | Current portion of debt and capital lease obligations | $ | 0.8 |
| | $ | 486.9 |
| | $ | 12.6 |
| | $ | 500.3 |
| Other accrued and current liabilities | 77.7 |
| | 1,022.3 |
| | 35.6 |
| | 1,135.6 |
| Long-term debt and capital lease obligations | 1.5 |
| | 9,026.1 |
| | 46.4 |
| | 9,074.0 |
| Other long-term liabilities | 76.3 |
| | 863.7 |
| | 0.4 |
| | 940.4 |
| Total liabilities | $ | 156.3 |
| | $ | 11,399.0 |
| | $ | 95.0 |
| | $ | 11,650.3 |
|
The operating results of UPC Austria, the Vodafone Disposal Group, UPC DTH and the LiLAC Group for the periods indicated are summarized in the following tables. These amounts exclude intercompany revenue and expenses that are eliminated within our consolidated statements of operations. | | | | | | | | | | | | | | | | | | UPC Austria (a) | | Vodafone Disposal Group | | UPC DTH | | Total | | in millions | Year ended December 31, 2018 | | | | | | | | Revenue | $ | 252.4 |
| | $ | 3,584.2 |
| | $ | 117.0 |
| | $ | 3,953.6 |
| Operating income | $ | 139.0 |
| | $ | 1,787.0 |
| | $ | 11.7 |
| | $ | 1,937.7 |
| | | | | | | | | Earnings before income taxes | $ | 138.7 |
| | $ | 1,396.3 |
| | $ | 9.6 |
| | $ | 1,544.6 |
| Income tax benefit (expense) | (23.3 | ) | | (365.2 | ) | | 7.3 |
| | (381.2 | ) | Net earnings | 115.4 |
| | 1,031.1 |
| | 16.9 |
| | 1,163.4 |
| Net earnings attributable to noncontrolling interests | (4.2 | ) | | — |
| | — |
| | (4.2 | ) | Net earnings attributable to Liberty Global shareholders | $ | 111.2 |
| | $ | 1,031.1 |
| | $ | 16.9 |
| | $ | 1,159.2 |
|
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| | (a) | Includes the operating results of UPC Austria from January 1, 2018 through July 31, 2018, the date UPC Austria was sold. |
| | | | | | | | | | | | | | | | | | | | | | UPC Austria | | Vodafone Disposal Group | | UPC DTH | | LiLAC Group | | Total | | in millions | Year ended December 31, 2017 | | | | | | | | | | Revenue | $ | 394.9 |
| | $ | 3,263.0 |
| | $ | 114.6 |
| | $ | 3,590.0 |
| | $ | 7,362.5 |
| Operating income (loss) | $ | 150.0 |
| | $ | 976.0 |
| | $ | 11.7 |
| | $ | (162.9 | ) | | $ | 974.8 |
| | | | | | | | | | | Earnings (loss) before income taxes | $ | 150.0 |
| | $ | 395.4 |
| | $ | 9.7 |
| | $ | (651.1 | ) | | $ | (96.0 | ) | Income tax expense | (4.5 | ) | | (66.1 | ) | | — |
| | (204.0 | ) | | (274.6 | ) | Net earnings (loss) | 145.5 |
| | 329.3 |
| | 9.7 |
| | (855.1 | ) | | (370.6 | ) | Net loss (earnings) attributable to noncontrolling interests | (6.8 | ) | | — |
| | — |
| | 20.6 |
| | 13.8 |
| Net earnings (loss) attributable to Liberty Global shareholders | $ | 138.7 |
| | $ | 329.3 |
| | $ | 9.7 |
| | $ | (834.5 | ) | | $ | (356.8 | ) |
| | | | | | | | | | | | | | | | | | | | | | UPC Austria | | Vodafone Disposal Group | | UPC DTH | | LiLAC Group | | Total | | in millions | Year ended December 31, 2016 | | | | | | | | | | Revenue | $ | 378.3 |
| | $ | 3,068.2 |
| | $ | 107.4 |
| | $ | 2,723.8 |
| | $ | 6,277.7 |
| Operating income | $ | 143.0 |
| | $ | 748.4 |
| | $ | 7.3 |
| | $ | 315.3 |
| | $ | 1,214.0 |
| | | | | | | | | | | Earnings (loss) before income taxes | $ | 142.6 |
| | $ | 256.2 |
| | $ | 5.4 |
| | $ | (98.1 | ) | | $ | 306.1 |
| Income tax expense | (18.3 | ) | | (41.7 | ) | | — |
| | (129.1 | ) | | (189.1 | ) | Net earnings (loss) | 124.3 |
| | 214.5 |
| | 5.4 |
| | (227.2 | ) | | 117.0 |
| Net earnings attributable to noncontrolling interests | (7.9 | ) | | — |
| | — |
| | (28.3 | ) | | (36.2 | ) | Net earnings (loss) attributable to Liberty Global shareholders | $ | 116.4 |
| | $ | 214.5 |
| | $ | 5.4 |
| | $ | (255.5 | ) | | $ | 80.8 |
|
Our basic and diluted earnings from discontinued operations attributable to Liberty Global shareholders per Liberty Global Share (as defined in note 13) for 2018, 2017 and 2016 is presented below. These amounts relate to the operations of UPC Austria, the Vodafone Disposal Group and UPC DTH. For information regarding the calculation of our weighted average shares outstanding with respect to Liberty Global Shares, see note 3. | | | | | | | | | | | | | | Year ended December 31, | | 2018 | | 2017 | | 2016 | | | | | | | Basic earnings from discontinued operations attributable to Liberty Global shareholders per Liberty Global share | $ | 1.49 |
| | $ | 0.56 |
| | $ | 0.38 |
| | | | | | | Diluted earnings from discontinued operations attributable to Liberty Global shareholders per share | $ | 1.49 |
| | $ | 0.56 |
| | $ | 0.37 |
|
Our basic and diluted loss from discontinued operations attributable to Liberty Global shareholders per LiLAC Share (as defined in note 13) for 2017 and 2016 is presented below. These amounts relate to the operations of the LiLAC Group. | | | | | | | | | | Year ended December 31, | | 2017 | | 2016 | | | | | Basic and diluted loss from discontinued operations attributable to Liberty Global shareholders per LiLAC share | $ | (4.86 | ) | | $ | (2.30 | ) | | | | | Weighted average ordinary shares outstanding (LiLAC Shares) - basic and diluted | 171,846,133 |
| | 110,868,650 |
|
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