SCHEDULE I (Parent Company Information)
 12 Months Ended
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