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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Liberty Global plc    LBTYA   GB00B8W67662

LIBERTY GLOBAL PLC

(LBTYA)
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Liberty Global : Virgin Media Condensed Consolidated Financial Statements – September 30, 2020

11/17/2020 | 04:43pm EST

Condensed Consolidated Financial Statements

September 30, 2020

VIRGIN MEDIA INC.

1550 Wewatta Street, Suite 1000

Denver, Colorado 80202

United States

VIRGIN MEDIA INC.

TABLE OF CONTENTS

Page

Number

FINANCIAL STATEMENTS

Condensed Consolidated Balance Sheets as of September 30, 2020 and December 31, 2019 (unaudited)..................

1

Condensed Consolidated Statements of Operations for the Three and Nine Months Ended September 30, 2020 and

2019 (unaudited) ........................................................................................................................................................

3

Condensed Consolidated Statements of Comprehensive Earnings (Loss) for the Three and Nine Months Ended

September 30, 2020 and 2019 (unaudited).................................................................................................................

4

Condensed Consolidated Statements of Owners' Equity for the Three and Nine Months Ended September 30, 2020

and 2019 (unaudited)..................................................................................................................................................

5

Condensed Consolidated Statements of Cash Flows for the Nine Months Ended September 30, 2020 and 2019

(unaudited) .................................................................................................................................................................

9

Notes to Condensed Consolidated Financial Statements (unaudited) ...........................................................................

11

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF

OPERATIONS ...............................................................................................................................................................

48

VIRGIN MEDIA INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(unaudited)

September 30,

December 31,

2020

2019

in millions

ASSETS

Current assets:

Cash and cash equivalents ........................................................................................................

£

217.2

£

34.5

Trade receivables, net ...............................................................................................................

495.4

639.6

Derivative instruments (notes 4, 5 and 10)...............................................................................

154.9

82.5

Prepaid expenses.......................................................................................................................

76.8

64.0

Other current assets (notes 3 and 10)........................................................................................

150.6

183.2

Total current assets .................................................................................................................

1,094.9

1,003.8

Property and equipment, net (notes 6 and 8) ..............................................................................

5,954.8

6,078.7

Goodwill (note 6)........................................................................................................................

6,020.7

6,005.8

Deferred income taxes (note 9)...................................................................................................

1,739.5

1,540.4

Related-party notes receivable (note 10).....................................................................................

5,051.0

4,963.6

Other assets, net (notes 3, 4, 5, 6 and 8) .....................................................................................

1,158.1

987.4

Total assets...........................................................................................................................

£

21,019.0

£

20,579.7

The accompanying notes are an integral part of these condensed consolidated financial statements.

1

VIRGIN MEDIA INC.

CONDENSED CONSOLIDATED BALANCE SHEETS - (Continued)

(unaudited)

September 30,

December 31,

2020

2019

in millions

LIABILITIES AND OWNERS' EQUITY

Current liabilities:

Accounts payable (note 10) ......................................................................................................

£

307.2

£

361.5

Deferred revenue (note 3).........................................................................................................

352.0

357.8

Current portion of debt and finance lease obligations (notes 7 and 8) .....................................

1,872.9

1,868.9

Accrued interest........................................................................................................................

137.6

133.2

Accrued capital expenditures (note 10) ....................................................................................

126.4

143.9

Other current liabilities (notes 3, 4, 5, 8 and 10) ......................................................................

836.1

695.0

Total current liabilities.........................................................................................................

3,632.2

3,560.3

Long-term debt and finance lease obligations (notes 7, 8 and 10)..............................................

10,475.1

10,177.4

Other long-term liabilities (notes 3, 4, 5, 8 and 10) ....................................................................

756.4

612.2

Total liabilities .....................................................................................................................

14,863.7

14,349.9

Commitments and contingencies (notes 4, 5, 7, 8 and 11)

Owners' equity:

Parent's equity:

Additional paid-in capital.......................................................................................................

7,740.2

7,873.4

Accumulated deficit ...............................................................................................................

(1,646.3)

(1,709.4)

Accumulated other comprehensive earnings, net of taxes .....................................................

74.1

83.2

Total parent's equity.............................................................................................................

6,168.0

6,247.2

Noncontrolling interest .............................................................................................................

(12.7)

(17.4)

Total owners' equity ..........................................................................................................

6,155.3

6,229.8

Total liabilities and owners' equity .................................................................................

£

21,019.0

£

20,579.7

The accompanying notes are an integral part of these condensed consolidated financial statements.

2

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Liberty Global plc published this content on 17 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 November 2020 21:42:04 UTC


© Publicnow 2020
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Sales 2020 11 732 M - -
Net income 2020 -264 M - -
Net Debt 2020 23 332 M - -
P/E ratio 2020 -36,3x
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Nbr of Employees 20 200
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Average target price 33,24 $
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Spread / Lowest Target -11,2%
EPS Revisions
Managers and Directors
NameTitle
Michael Thomas Fries President, Chief Executive Officer & Director
John C. Malone Chairman
Charles Henry Rowland Bracken Chief Financial Officer & Executive Vice President
Enrique Rodríguez Chief Technology Officer & Executive VP
Paul Alan Gould Independent Director
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