Short answer
Liberty Media Corp (FWONK) filed its Q3 2019 10-Q quarterly report on Nov 12, 2019 for the quarter ended Sep 30, 2019.
Liberty Media Corp Q3 2019 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Quarterly revenue $2,856M, up $541M YoY from $2,315M, driven by Pandora acquisition and SIRIUS XM growth
- Effective tax rate 27.2% vs 12.4% YoY, while operating income fell $24M to $1,168M
- Best segment SIRIUS XM: revenue $2,011M vs $1,468M, operating income $1,196M vs $1,217M
- Worst segment Braves Holdings: operating results decreased $23M, with operating expenses up $40M
- Operating cash flow $1,770M vs $1,635M, including $374M of Series C Liberty SiriusXM repurchases and $167M in SIRIUS XM dividends paid
Risk Factors
- No risk-factor section provided, preventing identification of new or changed risks since the 2018 10-K
- Regulatory and legal exposure: SiriusXM TCPA lawsuit identified as settled litigation
- Financial risk: long-term debt $14,707 million at September 30, 2019
- Liquidity risk: Pandora 1.75% convertible senior notes due 2020 outstanding
- Market risk: Formula One senior loan facilities and margin loans exposed to LIBOR-linked rates
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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