Acquisitions (Tables)

12 Months Ended

Dec. 31, 2021

Business Combination and Asset Acquisition [Abstract]

Summary of Preliminary Purchase Price and Opening Balance Sheet

A summary of the purchase price and the opening balance sheet of Sunrise at the November 11, 2020 acquisition date is presented in the following table. The opening balance sheet presented below reflects our final purchase price allocation (in millions):

Cash and cash equivalents	$	108.5
Trade receivables, net	484.2
Other current assets	148.3
Property and equipment, net	1,541.4
Goodwill (a)	3,436.0
Intangible assets subject to amortization, net	2,485.8
Operating lease ROU assets	1,047.1
Other assets, net	232.3
Current portion of debt and finance lease obligations	(133.2)
Current operating lease liabilities	(136.5)
Other accrued and current liabilities	(531.5)
Long-term debt and finance lease obligations	(1,762.5)
Long-term operating lease liabilities	(877.6)
Other long-term liabilities	(614.5)
Total purchase price (b)	$	5,427.8

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(a)    The goodwill recognized in connection with the Sunrise Acquisition is primarily attributable to (i) the opportunity to leverage Sunrise’s existing mobile network to gain immediate access to potential customers and (ii) estimated synergy benefits through the integration of Sunrise with our existing operations in Switzerland.

(b)    Excludes direct acquisition costs of $27.8 million incurred during 2020, which are included in impairment, restructuring and other operating items, net, in our consolidated statement of operations.

Pro Forma Information

The following unaudited pro forma consolidated operating results give effect to the Sunrise Acquisition as if it had been completed as of January 1, 2019. No effect has been given to the De Vijver Media Acquisition since it would not have had a significant impact on our results of operations during 2019. These pro forma amounts are not necessarily indicative of the operating results that would have occurred if the Sunrise Acquisition had occurred on such date. The pro forma adjustments are based on certain assumptions that we believe are reasonable.

	Year ended December 31,
	2020		2019
	(unaudited)
Revenue (in millions)	$	13,206.8	$	12,978.4
Net loss from continuing operations attributable to Liberty Global shareholders (in millions)	$	(1,902.3)	$	(1,820.6)
Basic and diluted loss from continuing operations attributable to Liberty Global shareholders    per share	$	(3.16)	$	(2.58)