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SCHEDULE I (Parent Company Information) | 12 Months Ended
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Dec. 31, 2019
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,
| 2019 |  | 2018
| in millions
ASSETS |  |  |
Current assets: |  |  |
Cash and cash equivalents | $ | 6.7 |  |  | $ | 10.8 |
Other receivables — related-party | 68.9 |  |  | 13.0 |
Other current assets | 80.6 |  |  | 7.0 |
Total current assets | 156.2 |  |  | 30.8 |
Long-term notes receivable — related-party | 2,984.9 |  |  | 1,215.5 |
Investments in consolidated subsidiaries, including intercompany balances | 33,570.7 |  |  | 20,829.5 |
Other assets, net | 266.1 |  |  | 13.7 |
Total assets | $ | 36,977.9 |  |  | $ | 22,089.5 |
LIABILITIES AND SHAREHOLDERS’ EQUITY |  |  |
Current liabilities: |  |  |
Accounts payable | $ | 0.5 |  |  | $ | 3.5 |
Other payables — related-party | 22.5 |  |  | 26.4 |
Current portion of notes payable — related-party | 7,575.4 |  |  | 3,033.3 |
Accrued liabilities and other | 12.6 |  |  | 9.1 |
Total current liabilities | 7,611.0 |  |  | 3,072.3 |
Long-term notes payable — related-party | 15,757.2 |  |  | 14,332.5 |
Other long-term liabilities | 3.5 |  |  | 3.3 |
Total liabilities | 23,371.7 |  |  | 17,408.1 |
Commitments and contingencies |  |  |
Shareholders’ equity: |  |  |
Liberty Global Shares — Class A, $0.01 nominal value. Issued and outstanding 181,560,735 and 204,450,499 shares, respectively | 1.8 |  |  | 2.0 |
Liberty Global Shares — Class B, $0.01 nominal value. Issued and outstanding 12,151,526 and 11,099,593 shares, respectively | 0.1 |  |  | 0.1 |
Liberty Global Shares — Class C, $0.01 nominal value. Issued and outstanding 438,867,447 and 531,174,389 shares, respectively | 4.4 |  |  | 5.3 |
Additional paid-in capital | 6,136.9 |  |  | 9,214.5 |
Accumulated earnings (deficit) | 6,350.4 |  |  | (5,172.2 | )
Accumulated other comprehensive earnings, net of taxes | 1,112.7 |  |  | 631.8 |
Treasury shares, at cost | (0.1 | ) |  | (0.1 | )
Total shareholders’ equity | 13,606.2 |  |  | 4,681.4 |
Total liabilities and shareholders’ equity | $ | 36,977.9 |  |  | $ | 22,089.5 |
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,
| 2019 |  | 2018 |  | 2017
| in millions
Operating costs and expenses: |  |  |  |  |
Selling, general and administrative (including share-based compensation) | $ | 61.0 |  |  | $ | 42.8 |  |  | $ | 44.9 |
Related-party fees and allocations | 20.6 |  |  | 8.0 |  |  | 55.2 |
Depreciation and amortization | 1.4 |  |  | 1.5 |  |  | 1.0 |
Other operating expenses | 0.2 |  |  | — |  |  | — |
Operating loss | (83.2 | ) |  | (52.3 | ) |  | (101.1 | )
Non-operating income (expense): |  |  |  |  |
Interest expense — related-party | (864.6 | ) |  | (678.0 | ) |  | (406.5 | )
Interest income — related-party | 89.6 |  |  | 70.9 |  |  | 822.7 |
Foreign currency transaction gains (losses), net | 281.2 |  |  | 381.0 |  |  | (644.8 | )
Other income (expense), net | 3.4 |  |  | 0.1 |  |  | (3.3 | )
| (490.4 | ) |  | (226.0 | ) |  | (231.9 | )
Loss before income taxes and equity in earnings (losses) of consolidated subsidiaries, net | (573.6 | ) |  | (278.3 | ) |  | (333.0 | )
Equity in earnings (losses) of consolidated subsidiaries, net | 11,921.4 |  |  | 887.9 |  |  | (2,386.0 | )
Income tax benefit (expense) | 173.6 |  |  | 115.7 |  |  | (59.1 | )
Net earnings (loss) | $ | 11,521.4 |  |  | $ | 725.3 |  |  | $ | (2,778.1 | )
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,
| 2019 |  | 2018 |  | 2017
| in millions
Cash flows from operating activities: |  |  |  |  |
Net earnings (loss) | $ | 11,521.4 |  |  | $ | 725.3 |  |  | $ | (2,778.1 | )
Adjustments to reconcile net earnings (loss) to net cash provided (used) by operating activities: |  |  |  |  |
Equity in losses (earnings) of consolidated subsidiaries, net | (11,921.4 | ) |  | (887.9 | ) |  | 2,386.0 |
Share-based compensation expense | 35.8 |  |  | 20.6 |  |  | 19.8 |
Related-party fees and allocations | 20.6 |  |  | 8.0 |  |  | 55.2 |
Depreciation and amortization | 1.4 |  |  | 1.5 |  |  | 1.0 |
Other operating expenses | 0.2 |  |  | — |  |  | — |
Foreign currency transaction losses (gains), net | (281.2 | ) |  | (381.0 | ) |  | 644.8 |
Deferred income tax benefit | (10.0 | ) |  | (2.8 | ) |  | (1.6 | )
Changes in operating assets and liabilities: |  |  |  |  |
Receivables and other operating assets | (213.7 | ) |  | (134.8 | ) |  | 502.7 |
Payables and accruals | 554.3 |  |  | 564.4 |  |  | (160.9 | )
Net cash provided (used) by operating activities | (292.6 | ) |  | (86.7 | ) |  | 668.9 |
Cash flows from investing activities: |  |  |  |  |
Distribution and repayments from (investments in and advances to) consolidated subsidiaries, net | (142.8 | ) |  | (93.4 | ) |  | 1,188.7 |
Funding of the Vodafone Escrow Accounts, net | (295.2 | ) |  | — |  |  | — |
Other investing activities, net | (0.1 | ) |  | — |  |  | (7.0 | )
Net cash provided (used) by investing activities | (438.1 | ) |  | (93.4 | ) |  | 1,181.7 |
Cash flows from financing activities: |  |  |  |  |
Borrowings of related-party debt | 5,870.5 |  |  | 3,133.3 |  |  | 4,632.7 |
Repayments of related-party debt | (2,018.6 | ) |  | (1,010.0 | ) |  | (3,496.0 | )
Repurchase of Liberty Global ordinary shares | (3,219.4 | ) |  | (2,009.9 | ) |  | (2,976.2 | )
Borrowings of third-party debt | 98.6 |  |  | — |  |  | — |
Other financing activities, net | (5.0 | ) |  | 4.3 |  |  | 3.6 |
Net cash provided (used) by financing activities | 726.1 |  |  | 117.7 |  |  | (1,835.9 | )
Effect of exchange rate changes on cash | 0.5 |  |  | — |  |  | (0.4 | )
Net increase (decrease) in cash and cash equivalents | (4.1 | ) |  | (62.4 | ) |  | 14.3 |
Cash and cash equivalents: |  |  |  |  |
Beginning of period | 16.0 |  |  | 78.4 |  |  | 64.1 |
End of period | $ | 11.9 |  |  | $ | 16.0 |  |  | $ | 78.4 |
Details of end of period cash and cash equivalents and restricted cash: |  |  |  |  |
Cash and cash equivalents | $ | 6.7 |  |  | $ | 10.8 |  |  | $ | 73.2 |
Restricted cash included in other current assets | 5.2 |  |  | 5.2 |  |  | 5.2 |
Total cash and cash equivalents and restricted cash | $ | 11.9 |  |  | $ | 16.0 |  |  | $ | 78.4 |

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e24072-122690 Reference 2: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=108774443&loc=d3e5283-111683 + Details
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