Acquisitions and Dispositions (Tables)

3 Months Ended

Mar. 31, 2019

Acquisitions and Dispositions [Abstract]

Schedule of summarized financial position and operating results, disposal group and discontinued operations

The carrying amounts of the major classes of assets and liabilities of the Vodafone Disposal Group and UPC DTH as of March 31, 2019 are summarized below. These amounts exclude intercompany assets and liabilities that are eliminated within our condensed consolidated balance sheet.

	Vodafone Disposal Group		UPC DTH		Total
	in millions
Assets:
Current assets other than cash	$	404.3	$	7.8	$	412.1
Property and equipment, net	5,688.6		80.9		5,769.5
Goodwill	3,903.5		—		3,903.5
Other assets, net	879.3		7.2		886.5
Total assets	$	10,875.7	$	95.9	$	10,971.6
Liabilities:
Current portion of debt and finance lease obligations	$	848.5	$	12.2	$	860.7
Other accrued and current liabilities	1,190.1		31.6		1,221.7
Long-term debt and finance lease obligations	8,919.1		35.1		8,954.2
Other long-term liabilities	1,363.8		0.3		1,364.1
Total liabilities	$	12,321.5	$	79.2	$	12,400.7

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 condensed 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 finance 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 finance 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 operating results of UPC Austria, the Vodafone Disposal Group and UPC DTH for the periods indicated are summarized in the following tables. These amounts exclude intercompany revenue and expenses that are eliminated within our condensed consolidated statement of operations.

	Vodafone Disposal Group			UPC DTH		Total
	in millions
Three months ended March 31, 2019
Revenue	$	858.7		$	27.7	$	886.4
Operating income	$	495.5		$	8.6	$	504.1
Earnings before income taxes	$	432.1		$	7.3	$	439.4
Income tax expense	(116.8		)	—		(116.8		)
Net earnings	$	315.3		$	7.3	$	322.6
Net earnings attributable to Liberty Global shareholders	$	315.3		$	7.3	$	322.6

	UPC Austria			Vodafone Disposal Group			UPC DTH		Total
	in millions
Three months ended March 31, 2018
Revenue	$	109.4		$	952.2		$	31.0	$	1,092.6
Operating income	$	61.2		$	311.5		$	2.8	$	375.5
Earnings before income taxes	$	61.1		$	181.5		$	2.1	$	244.7
Income tax expense	(9.5		)	(46.6		)	—		(56.1		)
Net earnings	51.6			134.9			2.1		188.6
Net earnings attributable to noncontrolling interests	(1.8		)	—			—		(1.8		)
Net earnings attributable to Liberty Global shareholders	$	49.8		$	134.9		$	2.1	$	186.8

Our basic and diluted earnings from discontinued operations attributable to Liberty Global shareholders per share for the three months ended March 31, 2019 and 2018 is presented below. These amounts relate to the operations of the Vodafone Disposal Group, UPC DTH and, for the 2018 period, UPC Austria.

	Three months ended
	March 31,
	2019		2018
Basic and diluted earnings from discontinued operations attributable to Liberty Global shareholders per share	$	0.43	$	0.23