Liberty Global 10-Q 4 Nov 09 2009 Q3 Quarterly report Financial data

Statement Of Financial Position

Statement Of Financial Position Classified (USD $)
In Millions	9 Months Ended Sep. 30, 2009	9 Months Ended Dec. 31, 2008
Current assets:
Cash and cash equivalents	1968.8	$1,374
Trade receivables, net	807.3	1002.8
Deferred income taxes	267.9	280.8
Derivative instruments (note 5)	77.3	193.6
Other current assets	363.8	382.5
Total current assets	3485.1	3233.7
Restricted cash (note 8)	466.1	470.8
Investments (note 4)	1049.6	979.8
Property and equipment, net (note 7)	12228.6	12035.4
Goodwill (note 7)	13548.3	13144.7
Intangible assets subject to amortization, net (note 7)	2141.6	2,405
Other assets, net (note 5)	1687.6	1716.7
Total assets	34606.9	33986.1
Current liabilities:
Accounts payable	719.9	735
Deferred revenue and advance payments from subscribers and others	708	918.4
Current portion of debt and capital lease obligations (note 8)	499.3	513
Derivative instruments (note 5)	590.4	441.7
Other accrued and current liabilities	1628.6	1,634
Total current liabilities	4146.2	4242.1
Long-term debt and capital lease obligations (note 8)	21239.7	19989.9
Deferred tax liabilities	753.4	902.7
Other long-term liabilities (note 5)	2458.3	2356.7
Total liabilities	28597.6	27491.4
Commitments and contingencies (notes 5, 8 and 13)	-	-
Liberty Global, Inc. stockholders:
Additional paid-in capital	3810.7	4,124
Accumulated deficit	(2,387)	-1874.9
Accumulated other comprehensive earnings, net of taxes	1337.6	1,141
Total Liberty Global, Inc. stockholders	2763.9	3,393
Noncontrolling interests	3245.4	3101.7
Total equity	6009.3	6494.7
Total liabilities and equity	34606.9	33986.1

1_Statement Of Financial Positi

Statement Of Financial Position Classified (Parenthetical)

Statement Of Income Alternative

Statement Of Income Alternative (USD $)
In Millions, except Share data	3 Months Ended Sep. 30, 2009	3 Months Ended Sep. 30, 2008	9 Months Ended Sep. 30, 2009	9 Months Ended Sep. 30, 2008
Revenue (note 12)	2824.2	2633.3	8040.1	7942.2
Operating costs and expenses:
Operating (other than depreciation and amortization) (including stock-based compensation) (notes 10 and 12)	1059.2	1004.1	3031.6	3079.2
Selling, general and administrative (SG&A) (including stock-based compensation) (notes 10 and 12)	523.8	511.4	1,536	1590.4
Depreciation and amortization	775.4	708	2178.7	2148.3
Impairment, restructuring and other operating charges, net (note 7)	2	1.4	126.2	3.3
Costs and Expenses, Total	2360.4	2224.9	6872.5	6821.2
Operating income	463.8	408.4	1167.6	1,121
Non-operating income (expense):
Interest expense (note 12)	-232.3	-293.4	-655.3	-863.7
Interest and dividend income	13.4	23.5	41.5	75.3
Realized and unrealized gains (losses) on derivative instruments, net (notes 5 and 6)	-226.8	18.2	-772.4	89.2
Foreign currency transaction gains (losses), net	6.7	-286.7	91.5	96.3
Realized and unrealized gains (losses) due to changes in fair values of certain investments and debt, net (notes 4, 6 and 8)	(51)	-129.2	16.2	-84.4
Losses on debt modifications (note 8)	-9.7	0	(34)	0
Share of results of affiliates, net	0.4	2.4	1.4	5.2
Other income (expense), net	7	-0.8	5.9	-0.1
Nonoperating Income (Expense), Total	-492.3	(666)	-1305.2	-682.2
Earnings (loss) from continuing operations before income taxes	-28.5	-257.6	-137.6	438.8
Income tax expense	-30.9	-24.6	(170)	-314.6
Earnings (loss) from continuing operations	-59.4	-282.2	-307.6	124.2
Discontinued operations (note 3):
Earnings (loss) from discontinued operations, net of taxes	(2)	3.9	3.5	13.1
Gain on disposal of discontinued operations	25.7	0	25.7	0
Earnings from discontinued operations	23.7	3.9	29.2	13.1
Net earnings (loss)	-35.7	-278.3	-278.4	137.3
Net earnings attributable to noncontrolling interests	-84.6	-30.6	-233.7	-173.6
Net loss attributable to Liberty Global, Inc. stockholders	-120.3	-308.9	-512.1	-36.3
Basic and diluted earnings (loss) per share attributable to Liberty Global, Inc. stockholders - Series A, Series B and Series C common stock (note 11):
Continuing operations	-0.54	-1.02	-1.99	-0.15
Discontinued operations	0.09	0.01	0.1	0.04
Earnings Per Share, Basic and Diluted, Total	-0.45	-1.01	-1.89	-0.11
Weighted average common shares outstanding - basic and diluted	265,259,013	306,400,856	270,423,175	323,952,314

Statement Of Other Comprehensiv

Statement Of Other Comprehensive Income (USD $)
In Millions	3 Months Ended Sep. 30, 2009	3 Months Ended Sep. 30, 2008	9 Months Ended Sep. 30, 2009	9 Months Ended Sep. 30, 2008
Net earnings (loss)	-35.7	-278.3	-278.4	137.3
Other comprehensive earnings (loss), net of taxes:
Foreign currency translation adjustments	402.3	-431.4	220.5	46.1
Reclassification adjustment for foreign currency translation losses (gains) included in net earnings (loss)	-3.7	0.5	-3.7	0.5
Other	-3.6	-2.9	-3.5	1.6
Other comprehensive earnings (loss)	395	-433.8	213.3	48.2
Comprehensive earnings (loss)	359.3	-712.1	-65.1	185.5
Comprehensive earnings attributable to noncontrolling interests	-250.7	-42.6	-250.4	-260.6
Comprehensive earnings (loss) attributable to Liberty Global, Inc. stockholders	108.6	-754.7	-315.5	-75.1

Statement Of Shareholders Equit

Statement Of Shareholders Equity And Other Comprehensive Income (USD $)
In Millions	Common stock Series A	Common stock Series B	Additional paid-in capital	Accumulated deficit	Accumulated other comprehensive earnings, net of taxes	Common stock Series C	Total Liberty Global, Inc. stockholders	Noncontrolling interests	Total
Beginning Balance at Dec. 31, 2008	1.4	0.1	$4,124	-1874.9	$1,141	1.4	$3,393	3101.7	6494.7
Net loss				-512.1			-512.1	233.7	-278.4
Other comprehensive earnings, net of taxes					196.6		196.6	16.7	213.3
Repurchase and cancellation of common stock (note 9)	-0.1		(364)			-0.2	-364.3		-364.3
Stock-based compensation, net of taxes (note 10)			40.3				40.3		40.3
Reclassification of LGI Performance Plans obligation settled with Liberty Global, Inc. common stock (note 10)			36.4				36.4		36.4
Stock issued in conjunction with equity incentive plans and related employee tax withholding			-31.4				-31.4		-31.4
Dividends and distributions to noncontrolling interest owners (note 9)								-89.6	-89.6
Adjustments due to changes in subsidiaries' equity and other, net			5.4				5.4	-17.1	-11.7
Ending Balance at Sep. 30, 2009	1.3	0.1	3810.7	(2,387)	1337.6	1.2	2763.9	3245.4	6009.3
Beginning Balance at Jun. 30, 2009		0.1
Ending Balance at Sep. 30, 2009		0.1

Statement Of Cash Flows Indirec

Statement Of Cash Flows Indirect (USD $)
In Millions	9 Months Ended Sep. 30, 2009	9 Months Ended Sep. 30, 2008
Cash flows from operating activities:
Net earnings (loss)	-278.4	137.3
Earnings from discontinued operations	-29.2	-13.1
Earnings (loss) from continuing operations	-307.6	124.2
Adjustments to reconcile earnings (loss) from continuing operations to net cash provided by operating activities:
Stock-based compensation expense	98.9	125.3
Depreciation and amortization	2178.7	2148.3
Impairment, restructuring and other operating charges, net	126.2	3.3
Amortization of deferred financing costs and non-cash interest	44.5	35.3
Realized and unrealized losses (gains) on derivative instruments, net	772.4	-89.2
Foreign currency transaction gains, net	-91.5	-96.3
Realized and unrealized losses due to changes in fair values of certain investments and debt, net of dividends	2.4	85.8
Losses on debt modifications	34	0
Share of results of affiliates, net	-1.4	-5.2
Deferred income tax expense (benefit)	(63)	162.9
Changes in operating assets and liabilities, net of the effects of acquisitions and dispositions	-524.8	-291.4
Net cash provided by operating activities of discontinued operations	11.6	21.1
Net cash provided by operating activities	2280.4	2224.1
Cash flows from investing activities:
Capital expended for property and equipment	-1606.8	-1669.2
Proceeds received upon disposition of discontinued operations, net of disposal costs	167	0
Cash paid in connection with acquisitions, net of cash acquired	-13.9	-243.7
Other investing activities, net	-7.7	21.3
Net cash used by investing activities of discontinued operations	-9.3	-17.7
Net cash used by investing activities	-1470.7	-1909.3
Cash flows from financing activities:
Borrowings of debt	2166.5	1971.9
Repayments and repurchases of debt and capital lease obligations	-1911.9	-747.3
Repurchase of Liberty Global, Inc. common stock	-366.3	-1955.5
Payment of financing costs	-103.1	-27.2
Distributions by subsidiaries to noncontrolling interests	-91.6	-33.6
Other financing activities, net	2.9	37.8
Net cash used by financing activities	-303.5	-753.9
Effect of exchange rates on cash	88.6	(15)
Net increase (decrease) in cash and cash equivalents:
Continuing operations	592.5	-457.5
Discontinued operations	2.3	3.4
Net increase (decrease) in cash and cash equivalents	594.8	-454.1
Cash and cash equivalents, beginning of period	1,374	2035.5
Cash and cash equivalents, end of period	1968.8	1581.4
Cash paid for interest	606.3	1,042
Net cash paid for taxes	209.2	130.7

Sheet1

(1)Basis of Presentation
	9 Months Ended Sep. 30, 2009 USD / shares
Notes to Financial Statements [Abstract]
(1)Basis of Presentation	(1) Basis of Presentation Liberty Global, Inc. (LGI) is an international provider of video, voice and broadband internet services, with consolidated broadband communications and/or direct-to-home (DTH) satellite operations at September30, 2009 in 14 countries, primarily in Europe, Japan and Chile. In the following text, the terms we, our, our company, and us may refer, as the context requires, to LGI or collectively to LGI and its subsidiaries. Through our indirect wholly-owned subsidiary UPC Holding BV (UPC Holding), we provide video, voice and broadband internet services in nine European countries and in Chile. The European broadband communications operations of UPC Broadband Holding BV (UPC Broadband Holding), a subsidiary of UPC Holding, are collectively referred to as the UPC Broadband Division. UPC Broadband Holdings broadband communications operations in Chile are provided through its 80%-owned indirect subsidiary, VTR Global Com S.A. (VTR). Through our indirect majority ownership interest in Telenet Group Holding NV (Telenet) (50.3% at September30, 2009), we provide broadband communications services in Belgium. Through our indirect controlling ownership interest in Jupiter Telecommunications Co., Ltd. (J:COM) (37.8% at September30, 2009), we provide broadband communications services in Japan. Through our indirect majority ownership interest in Austar United Communications Limited (Austar) (55.0% at September30, 2009), we provide DTH satellite services in Australia. We also have (i)consolidated broadband communications operations in Puerto Rico and (ii)consolidated interests in certain programming businesses in Europe, Japan (through J:COM) and Argentina. Our consolidated programming interests in Europe are primarily held through Chellomedia BV (Chellomedia), which owns or manages investments in various businesses, primarily in Europe. Certain of Chellomedias subsidiaries and affiliates provide programming services to certain of our broadband communications operations, primarily in Europe. On July15, 2009, one of our subsidiaries sold 100% of its interest in our Slovenian cable operations (UPC Slovenia). Accordingly, we have presented UPC Slovenia as a discontinued operation in our condensed consolidated statements of operations and cash flows and related footnote disclosures. See note 3. Our unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (GAAP) and with the instructions to Form 10-Q and Article 10 of Regulation S-X for interim financial information. Accordingly, these financial statements do not include all of the information required by GAAP or Securities and Exchange Commission rules and regulations for complete financial statements. In the opinion of management, these financial statements reflect all adjustments (consisting of normal recurring adjustments) necessary for a fair presentation of the results of operations for the interim periods presented. The results of operations for any interim period are not necessarily indicative of results for the full year. These unaudited condensed consolidated financial

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(2)Accounting Changes and Recent Accounting Pronouncements
	9 Months Ended Sep. 30, 2009 USD / shares
Notes to Financial Statements [Abstract]
(2)Accounting Changes and Recent Accounting Pronouncements	(2) Accounting Changes and Recent Accounting Pronouncements Accounting Changes SFAS 168 In May 2008, the Financial Accounting Standards Board (FASB) issued Statement of Financial Accounting Standards (SFAS) No.162, The Hierarchy of Generally Accepted Accounting Principles (SFAS 162), which identified the sources of accounting principles and the framework for selecting the principles to be used in the preparation of financial statements that are presented in conformity with GAAP. In June 2009, SFAS 162 was replaced by SFAS No.168, The FASB Accounting Standard Codification and the Hierarchy of Generally Accepted Accounting Principles replacement of FASB Statement No.162 (SFAS 168), subsequently codified within FASB Accounting Standards Codification (FASB ASC) Topic 105, Generally Accepted Accounting Principles. The FASB ASC is now the source of authoritative GAAP recognized by the FASB and is applicable for fiscal years and interim periods ending after September15, 2009. We adopted SFAS 168 effective July1, 2009 and such adoption did not have a material impact on our condensed consolidated financial statements. SFAS 141(R) In December 2007, the FASB issued SFAS No.141(R), Business Combinations (SFAS 141(R)), subsequently codified within FASB ASC Topic 805, Business Combinations. SFAS 141(R) replaces SFAS 141, Business Combinations, and, among other items, generally requires an acquirer in a business combination to recognize (i)the assets acquired, (ii)the liabilities assumed (including those arising from contractual contingencies), (iii)any contingent consideration and (iv)any noncontrolling interest in the acquiree at the acquisition date, at fair values as of that date. The requirements of SFAS 141(R) will result in the recognition by the acquirer of goodwill attributable to the noncontrolling interest in addition to that attributable to the acquirer. SFAS 141(R) also provides that the acquirer shall not adjust the finalized accounting for business combinations, including business combinations completed prior to the effective date of SFAS 141(R), for changes in acquired tax uncertainties or changes in the valuation allowances for acquired deferred tax assets that occur subsequent to the effective date of SFAS 141(R).SFAS 141(R) applies prospectively to business combinations for which the acquisition date is on or after the beginning of the first annual reporting period beginning on or after December15, 2008. We prospectively adopted the provisions of SFAS 141(R) effective January1, 2009. SFAS 157 In September 2006, the FASB issued SFAS No.157, Fair Value Measurements (SFAS 157), subsequently codified within various FASB ASC Topics, primarily FASB ASC Topic 820, Fair Value Measurements and Disclosures (FASB ASC 820). SFAS 157 defines fair value, establishes a framework for measuring fair value under GAAP, and expands disclosures about fair value measurements. SFAS 157 was effective for financial statements issued for fiscal years and interim periods beginning after November15, 2007. However, the effective date of SFAS 157 was deferred to fiscal years beginning after November15, 2008 and interim periods within those

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(3)Acquisitions and Disposition
	9 Months Ended Sep. 30, 2009 USD / shares
Notes to Financial Statements [Abstract]
(3)Acquisitions and Disposition	(3) Acquisitions and Disposition Acquisition of Mediatti Prior to December25, 2008, Mediatti Communications, Inc. (Mediatti), a broadband communications operator in Japan, was (i)45.5%-owned by Liberty Japan MC, LLC (Liberty Japan MC), our then 95.2%-indirectly-owned subsidiary, (ii)44.7%-owned by affiliates of Olympus Capital and (iii)9.8%-owned by other third parties. On December24, 2008, we purchased the remaining 4.8% interest in Liberty Japan MC that we did not already own for 615.8million ($6.8 million at the transaction date). On December25, 2008, J:COM purchased 100% of the outstanding shares of Mediatti for total cash consideration before direct acquisition costs of 28,350.6million ($310.5 million at the transaction date), of which Liberty Japan MC received 12,887.0million ($141.1 million at the transaction date). J:COM acquired Mediatti in order to achieve certain financial, operational and strategic benefits through the integration of Mediatti with J:COMs existing operations. Acquisition of Interkabel Pursuant to an agreement with four associations of municipalities in Belgium, which we refer to as the pure intercommunales or the PICs, that was executed on June28, 2008 (the 2008 PICs Agreement), Telenet acquired from the PICs, effective October1, 2008, certain cable television assets (Interkabel), including (i)substantially all of the rights that Telenet did not already hold to use the broadband communications network owned by the PICs (the Telenet PICs Network) and (ii)the analog and digital television activities of the PICs, including the entire subscriber base (together with the acquisition of the rights to use the Telenet PICs Network, the Interkabel Acquisition). Telenet completed the Interkabel Acquisition in order to achieve certain financial, operational and strategic benefits by obtaining full access to the Telenet PICs Network and integrating (i)the PICs digital and analog television activities and (ii)Telenets digital interactive television services with the broadband internet and telephony services already offered by Telenet over the Telenet PICs Network. Other Acquisition Spektrum On September1, 2008, Chellomedia Programming BV, a wholly-owned subsidiary of Chellomedia, acquired 100% ownership interests in (i)Spektrum-TV ZRT and (ii)Ceska programova spolecnost s.r.o. (together, Spektrum) for consideration of $99.3 million, before direct acquisition costs and cash acquired. Pro Forma Information The following unaudited pro forma condensed consolidated operating results for the three and nine months ended September30, 2008 give effect to (i)J:COMs acquisition of Mediatti and (ii)the Interkabel Acquisition as if such acquisitions had been completed as of January1, 2008. No effect has been given to the Spektrum acquisition since it would not have had a significant impact on our results of operations for the 2008 periods. These pro forma amounts are not necessarily indicative of the operating results that would have occurred if these transactions had occurred on such date. The pro forma adjustments are based on currently available information and certain assumptions that we believe are reaso

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(4)Investments
	9 Months Ended Sep. 30, 2009 USD / shares
Notes to Financial Statements [Abstract]
(4)Investments	(4) Investments The details of our investments are set forth below: Accounting Method September30, 2009 December31, 2008 in millions Fair value (a) $ 818.6 $ 815.1 Equity (b) 206.3 189.7 Cost 24.7 25.0 Total $ 1,049.6 $ 1,029.8 Current (c) $ $ 50.0 Long-term $ 1,049.6 $ 979.8 (a) At September30, 2009, investments accounted for using the fair value method include our investments in Sumitomo Corporation (Sumitomo) and Canal+ Cyfrowy Sp zoo (Cyfra+). Sumitomo is the owner of a noncontrolling interest in LGI/Sumisho Super Media, LLC (Super Media), our indirect majority-owned subsidiary and the owner of a controlling interest in J:COM. During the second quarter of 2009, we received an $18.4 million dividend from Cyfra+. This dividend has been reflected as a reduction of our investment in Cyfra+. (b) At September30, 2009, investments accounted for using the equity method include our investments in Discovery Japan, Inc., JSports Broadcasting Corporation and XYZ Network Pty LTD. (c) The December31, 2008 balance represents the fair value of our investment in shares of The News Corporation Limited (News Corp.) ClassA common stock, which were surrendered on July9, 2009 in connection with the settlement of the related prepaid forward sale contract. We have elected the fair value method for most of our investments as we believe this method generally provides the most meaningful information to our investors.However, for investments over which we have significant influence, we have considered the significance of transactions between our company and our equity affiliates and other factors in determining whether the fair value method should be applied. In general, we have not elected the fair value option for those equity method investments with which LGI or its consolidated subsidiaries have significant related-party transactions. For additional information regarding our fair value method investments, see note 6.

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(5)Derivative Instruments
	9 Months Ended Sep. 30, 2009 USD / shares
Notes to Financial Statements [Abstract]
(5)Derivative Instruments	(5) Derivative Instruments Through our subsidiaries, we have entered into various derivative instruments to manage interest rate and foreign currency exposure with respect to the U.S. dollar ($), the euro (), the Czech koruna (CZK), the Hungarian forint (HUF), the Polish zloty (PLN), the Romanian lei (RON), the Swiss franc (CHF), the Chilean peso (CLP), the Japanese yen () and the Australian dollar (AUD). With the exception of J:COMs interest rate swaps, which were accounted for as cash flow hedges, we do not apply hedge accounting to our derivative instruments. Accordingly, changes in the fair values of all other derivative instruments are recorded in realized and unrealized gains (losses) on derivative instruments in our condensed consolidated statements of operations. The following table provides details of the fair values of our derivative instrument assets and liabilities: September30, 2009 December31, 2008 Current Long-term(a) Total Current Long-term(a) Total (b) in millions Assets: Cross-currency and interest rate derivative contracts (c) $ 75.6 $ 248.4 $ 324.0 $ 182.6 $ 297.9 $ 480.5 Equity-related derivative (d) 576.0 576.0 631.7 631.7 Foreign currency forward contracts 10.8 10.8 Other 1.7 2.4 4.1 0.2 0.9 1.1 Total $ 77.3 $ 826.8 $ 904.1 $ 193.6 $ 930.5 $ 1,124.1 Liabilities: Cross-currency and interest rate derivative contracts (c)(e) $ 564.1 $ 956.0 $ 1,520.1 $ 418.8 $ 904.3 $ 1,323.1 Equity-related derivatives (d) 18.7 18.7 17.2 17.2 Foreign currency forward contracts 6.2 0.6 6.8 3.6 1.5 5.1 Other 1.4 1.4 2.8 2.1 1.2 3.3 Total $ 590.4 $ 958.0 $ 1,548.4 $ 441.7 $ 907.0 $ 1,348.7 (a) Our long-term derivative assets and liabilities are included in other assets and other long-term liabilities, respectively, in our condensed consolidated balance sheets. (b) Excludes the prepaid forward sale contract previously held on our News Corp. ClassA common stock (the News Corp. Forward), which is included in the current portion of debt and capital lease obligations in our condensed consolidated balance sheet as of December31, 2008. On July9, 2009, we settled the News Corp. Forward liability by surrendering our shares of News Corp. ClassA common stock. (c) As of September30, 2009, the fair values of our cross-currency and interest rate derivative contracts that represented assets have been reduced by credit risk valuation adjustments aggregating $11.6 million and the fair values of our cross-currency and interest rate derivative contracts that represented liabilities have been reduced by credit risk valuation adjustments aggregating $110.5 million. The adjustments to our derivative assets relate to t

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(6)Fair Value Measurements
	9 Months Ended Sep. 30, 2009 USD / shares
Notes to Financial Statements [Abstract]
(6)Fair Value Measurements	(6) Fair Value Measurements We use the fair value method to account for (i)certain of our investments, (ii)our derivative instruments and (iii)the 1.75% euro-denominated convertible senior notes issued by UnitedGlobalCom, Inc. (the UGC Convertible Notes) (see note 8). UnitedGlobalCom, Inc. (UGC) is an indirect subsidiary of LGI and the indirect parent of UPC Holding, Telenet, VTR and Austar. The reported fair values of these assets and liabilities as of September30, 2009 likely will not represent the value that will be realized upon the ultimate settlement or disposition of these assets and liabilities. In the case of the investments that we account for using the fair value method, the values we realize upon disposition will be dependent upon, among other factors, market conditions and the historical and forecasted financial performance of the investees at the time of any such disposition.With respect to the Sumitomo Collar, we expect settlement to occur through the surrender of the underlying shares.With respect to our foreign currency and interest rate derivative instruments, we expect that the values realized generally will be based on market conditions at the time of settlement, which may occur at the maturity of the derivative instrument or at the time of the repayment or refinancing of the underlying debt instrument. GAAP provides for a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. Level 1 inputs are quoted market prices in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date. Level 2 inputs are inputs other than quoted market prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. Level 3 inputs are unobservable inputs for the asset or liability. All of our Level 2 inputs (interest rates, yield curves, dividend yields and certain of the inputs for our weighted average cost of capital calculations) and certain of our Level 3 inputs (forecasted volatilities and credit spreads) are obtained from pricing services. These inputs, or interpolations or extrapolations thereof, are used in our internal models to calculate, among other items, yield curves, forward interest and currency rates and weighted average cost of capital rates. In the normal course of business, we receive fair value assessments from the counterparties to our derivative contracts. Although we compare these assessments to our internal valuations and investigate unexpected differences, we do not otherwise rely on counterparty quotes to determine the fair values of our derivative instruments. As allowed by GAAP, the midpoints of applicable bid and ask ranges generally are used as inputs for our internal valuations. For our investment in Sumitomo common stock, the fair value measurement is based on the quoted closing price of the shares at each reporting date. Accordingly, the valuation of this investment falls under Level 1 of the fair value hierarchy. Our other investments that we account for at fair value are privately-held companies, and therefore, qu

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(7)Long-lived Assets
	9 Months Ended Sep. 30, 2009 USD / shares
Notes to Financial Statements [Abstract]
(7)Long-lived Assets	(7) Long-lived Assets Property and Equipment, Net The details of our property and equipment and the related accumulated depreciation are set forth below: September30, 2009 December31, 2008 in millions Distribution systems $ 19,376.9 $ 17,349.7 Support equipment, buildings and land 2,608.2 2,288.1 21,985.1 19,637.8 Accumulated depreciation (9,756.5 ) (7,602.4 ) Total property and equipment, net $ 12,228.6 $ 12,035.4 Goodwill Changes in the carrying amount of goodwill for the nine months ended September30, 2009 were as follows: January1, 2009 Acquisition- related adjustments Impairments Reclassifiedto discontinued operations Foreign currency translation adjustments and other September30, 2009 in millions UPC Broadband Division: The Netherlands $ 1,279.5 $ $ $ $ 55.7 $ 1,335.2 Switzerland 2,658.6 0.5 82.5 2,741.6 Austria 841.6 41.6 883.2 Ireland 249.0 12.3 261.3 Total Western Europe 5,028.7 0.5 192.1 5,221.3 Hungary 384.2 13.2 397.4 Other Central and Eastern Europe 889.7 (118.8 ) (55.5 ) 55.0 770.4 Total Central and Eastern Europe 1,273.9 (118.8 ) (55.5 ) 68.2 1,167.8 Total UPC Broadband Division 6,302.6 0.5 (118.8 ) (55.5 ) 260.3 6,389.1 Telenet (Belgium) 2,204.8 74.4 112.2 2,391.4 J:COM (Japan) 3,551.2 (21.2 ) 45.6 3,575.6 VTR (Chile) 418.5 67.0 485.5 Corporate and other 667.6 0.3 38.8 706.7 Total LGI $ 13,144.7 $ 54.0 $ (118.8 ) $ (55.5 ) $ 523.9 $ 13,548.3 During the fourth quarter of 2008, we recorded a $144.8 million goodwill impairment charge with respect to our broadband communications reporting unit in Romania. During June 2009, we concluded that an additional goodwill impairment charge was warranted for this reporting unit, due largely to adverse competitive and economic factors, including changes in foreign currency exchange rates that adversely impacted U.S. dollar and euro denominated cash outflows. These factors led to (i)lower than expected levels of revenue, cash flows and subscribers and (ii)declines in the forecasted cash flows of our Romanian reporting unit. Consistent with our approach to the valuation of this reporting unit during the fourth quarter of 2008, our June 2009 fair value assessment was based primarily on a discounted cash flow analysis due to the limited number of

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(8)Debt and Capital Lease Obligations
	9 Months Ended Sep. 30, 2009 USD / shares
Notes to Financial Statements [Abstract]
(8)Debt and Capital Lease Obligations	(8) Debt and Capital Lease Obligations The U.S. dollar equivalents of the components of our consolidated debt and capital lease obligations are as follows: September30, 2009 Weighted average interest rate (a) Unused borrowing capacity(b) Estimated fair value (c) Carrying value (d) Borrowing currency U.S. $ equivalent September30, 2009 December31, 2008 September30, 2009 December31, 2008 in millions Debt: UPCBroadbandHolding Bank Facility 3.56 % 455.8 $ 667.4 $ 8,450.0 $ 7,463.7 $ 9,053.6 $ 8,823.1 UPC Holding Senior Notes 8.79 % 2,334.8 1,141.3 2,258.0 1,534.8 TelenetCreditFacility 3.88 % 310.0 454.0 2,836.5 2,695.8 2,914.0 2,769.6 J:COM Credit Facility 0.92 % 30,000.0 334.5 125.2 411.3 125.2 440.2 Other J:COM debt 1.19 % 10,000.0 111.5 2,010.6 1,412.4 2,002.9 1,641.9 UGC Convertible Notes (e) 1.75 % 523.0 574.5 523.0 574.5 Sumitomo Collar Loan 1.88 % 1,044.4 1,031.6 1,044.4 1,031.6 Austar Bank Facility 4.54 % 716.1 535.4 750.1 598.0 LGJ Holdings Credit Facility 3.59 % 792.4 740.2 836.3 826.1 VTR Bank Facility (f) 2.68 % CLP 136,391.6 247.8 460.8 465.5 460.8 465.5 Chellomedia Bank Facility 3.41 % 25.0 36.6 265.4 269.4 272.3 301.2 Liberty Puerto Rico Bank Facility 2.24 % 168.7 154.1 176.3 167.6 Other 9.71 % 132.3 156.3 132.3 156.3 Total debt 3.86 % $ 1,851.8 $ 19,860.2 $ 17,051.5 20,549.2 19,330.4 Capital lease obligations: J:COM 703.6 704.2 Telenet 451.8 438.0 Other subsidiaries 34.4 30.3 Total capital lease obligations 1,189.8 1,172.5 Total debt and capital lease obligations 21,739.0 20,502.9 Current maturities (499.3 ) (513.0 ) Long-term debt and capital lease obligations $ 21,239.7 $ 19,989.9 (a) Represents the weighted average interest rate in effect at September30, 2009 for all borrowings outstanding pursuant to each debt instrument, including the applicable margin. The interest rates presented represent stated rates and do not include the impact of our interest rate derivative agreements, financing costs, discounts or commitment fees, all of which affect our overall cost of borrowing. For information concerning our derivative instruments, see note 5. (b) Unused borrowing capacity represents the maximum availability under the applicable facility at September30, 2009 without regard to covena

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(9)Equity
	9 Months Ended Sep. 30, 2009 USD / shares
Notes to Financial Statements [Abstract]
(9)Equity	(9) Equity Stock Repurchases At December31, 2008, we were authorized to purchase an additional $94.8 million of our LGI Series A and Series C common stock, pursuant to our then existing stock repurchase program. In February 2009, our board of directors authorized a new stock repurchase program under which we were authorized to acquire from time to time up to $250 million of our LGI Series A and Series C common stock through open market transactions or privately negotiated transactions, which may include derivative transactions. In July 2009, the amount authorized under this repurchase program was increased by an additional $250 million. The timing of the repurchase of shares pursuant to our stock repurchase programs, which may be suspended or discontinued at any time, will depend on a variety of factors, including market conditions. During the first nine months of 2009, we acquired 7,197,921 shares of our LGI Series A common stock at a weighted average price of $17.85 per share and 14,583,704 shares of our LGI Series C common stock at a weighted average price of $16.16 per share, for an aggregate purchase price of $364.3 million, including direct acquisition costs. At September30, 2009, the remaining amount authorized under our current repurchase program was $231.0 million. Subsequent to September30, 2009 and through October 30, 2009, we purchased an additional 958,646 shares of our LGI Series A common stock at a weighted average price of $22.19 per share and 963,898 shares of our LGI Series C common stock at a weighted average price of $22.06 per share, for an aggregate purchase price of $42.5 million, including direct acquisition costs. After giving effect to these repurchases, the remaining amount authorized under our current repurchase program was $188.5 million. Subsidiary Dividends and Distributions Telenet On May28, 2009, Telenet announced that its Board of Directors had approved a distribution to its shareholders of 0.50per share or 55.9million ($76.1 million at the average rate for the period). This distribution, which was accrued by Telenet following the approval of its Board of Directors, was paid on September1, 2009. Our share of this capital distribution was 28.0million ($40.9 million at the average rate for the period) and the noncontrolling interest owners share was 27.9million ($40.3 million at the average rate for the period). The noncontrolling interest owners share of this distribution has been reflected as a reduction of noncontrolling interests equity in our condensed consolidated statement of equity. J:COM During the third quarter of 2008 and the first quarter of 2009, J:COM paid dividends to its shareholders of 500per share or 3.428 billion ($31.8 million at the applicable rates) and 250per share or 1.715 billion ($18.3 million at the applicable rates), respectively. During the second quarter of 2009, Super Media distributed substantially all of its share of the proceeds from these J:COM dividends to our company and Sumitomo. During the third quarter of 2009, J:COM paid dividends to its shareholders of 490per share or 3.361 billion ($36.0 million at the applicable rates) and Super Media distri

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(10)Stock Incentive Awards
	9 Months Ended Sep. 30, 2009 USD / shares
Notes to Financial Statements [Abstract]
(10)Stock Incentive Awards	(10) Stock Incentive Awards Our stock-based compensation expense is based on the stock incentive awards held by our and our subsidiaries employees, including stock incentive awards related to LGI shares and the shares of certain of our subsidiaries. The following table summarizes our stock-based compensation expense: Threemonthsended September30, Ninemonthsended September30, 2009 2008 2009 2008 in millions LGI common stock: LGI performance plans $ 20.2 $ 27.6 $ 51.2 $ 77.8 Stock options, stock appreciation rights (SARs), restricted shares and restricted share units 11.9 11.3 32.6 32.9 Total LGI common stock 32.1 38.9 83.8 110.7 Other 7.4 3.1 15.1 14.6 Total $ 39.5 $ 42.0 $ 98.9 $ 125.3 Included in: Operating expense $ 3.3 $ 1.9 $ 7.7 $ 7.4 SGA expense 36.2 40.1 91.2 117.9 Total $ 39.5 $ 42.0 $ 98.9 $ 125.3 The following table provides certain information related to stock-based compensation not yet recognized for stock incentive awards related to LGI common stock as of September30, 2009: LGISeriesA, Series B and Series C common stock (a) LGI performance plans (b) Total compensation expense not yet recognized (in millions) $ 78.4 $ 71.1 Weighted average period remaining for expense recognition (in years) 2.7 2.0 (a) Amounts relate to (i)the Liberty Global, Inc. 2005 Incentive Plan (as amended and restated October31, 2006) (the LGI Incentive Plan), (ii)the Liberty Global, Inc. 2005 Nonemployee Director Incentive Plan (as amended and restated November1, 2006) (the LGI Director Incentive Plan), (iii)the LMI Transitional Stock Adjustment Plan (the Transitional Plan) and (iv)certain UGC incentive plans. The LGI Incentive Plan had 25,603,692 shares available for grant as of September30, 2009 before considering any shares that might be issued to satisfy the 2010 and 2011 payments under the LGI performance-based incentive plans. These shares may be awarded at or above fair value in any series of stock, except that no more than 23,372,168 shares may be awarded in LGI Series B common stock. Any shares issued in satisfaction of our obligations under the LGI performance-based incentive plans will reduce the shares available for grant under the LGI Incentive Plan. The LGI Director Incentive Plan had 9,246,182 shares available for grant as of September 30, 2009. These shares may be awarded at or above fair value in any series of stock, except that no more than 5,000,000 shares may be awarded in LGI Series B common stock. No new grants will be made under the Transitional Plan and the UGC incentive plans. (b) Amounts relate to the LGI performance-based incentive plans. Compensation expense under these performance-based incentive plans is reported as stock-based compensation in our condensed consolidated statement

(11)Earnings

(11)Earnings (Loss) per Common Share
	9 Months Ended Sep. 30, 2009 USD / shares
Notes to Financial Statements [Abstract]
(11)Earnings (Loss) per Common Share	(11) Earnings (Loss) per Common Share Basic earnings (loss) per common share attributable to LGI stockholders is computed by dividing net earnings (loss) attributable to LGI stockholders by the weighted average number of common shares (excluding nonvested common shares) outstanding for the period. Diluted earnings (loss) per common share attributable to LGI stockholders presents the dilutive effect, if any, on a per share basis of potential common shares (e.g., options, nonvested common shares and convertible securities) as if they had been exercised, vested or converted at the beginning of the periods presented. We reported net losses attributable to LGI stockholders during the three and nine months ended September30, 2009 and 2008.Therefore, the dilutive effect at September30, 2009 and 2008 of (i)the aggregate number of then outstanding options, SARs and nonvested shares of approximately 25.5million and 27.4million, respectively, (ii)the aggregate number of shares issuable pursuant to the then outstanding convertible debt securities and other obligations that may be settled in cash or shares of approximately 34.8million and 47.5million, respectively, and (iii)the number of shares contingently issuable pursuant to LGI performance-based incentive plans of 9.3million and 12.8million, respectively, were not included in the computation of diluted loss per share attributable to LGI stockholders because their inclusion would have been anti-dilutive to the computation. The details of our net loss attributable to LGI stockholders are set forth below: Three months ended September30, Nine months ended September30, 2009 2008 2009 2008 in millions Amounts attributable to LGI stockholders: Loss from continuing operations, net of taxes $ (144.0 ) $ (312.2 ) $ (539.9 ) $ (47.4 ) Earnings from discontinued operations, net of taxes 23.7 3.3 27.8 11.1 Net loss $ (120.3 ) $ (308.9 ) $ (512.1 ) $ (36.3 )

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(12)Related Party Transactions
	9 Months Ended Sep. 30, 2009 USD / shares
Notes to Financial Statements [Abstract]
(12)Related Party Transactions	(12) Related Party Transactions Our related party transactions consist of the following: Threemonthsended September30, Ninemonthsended September30, 2009 2008 2009 2008 in millions Revenue earned from related parties of: J:COM (a) $ 24.1 $ 30.2 $ 70.7 $ 95.0 LGI and consolidated subsidiaries other than J:COM (b) 4.9 7.7 13.7 21.9 Total LGI $ 29.0 $ 37.9 $ 84.4 $ 116.9 Operating expenses charged by related parties of: J:COM (c) $ 36.0 $ 33.4 $ 105.9 $ 97.7 LGI and consolidated subsidiaries other than J:COM (d) 6.3 7.5 19.5 22.4 Total LGI $ 42.3 $ 40.9 $ 125.4 $ 120.1 SGA expenses charged by (to) related parties of: J:COM (e) $ 7.4 $ 6.7 $ 21.3 $ 19.4 LGI and consolidated subsidiaries other than J:COM (f) (0.2 ) (0.3 ) (0.8 ) (1.0 ) Total LGI $ 7.2 $ 6.4 $ 20.5 $ 18.4 Interest expense charged by related parties of J:COM (g) $ 4.5 $ 3.5 $ 13.3 $ 10.5 Capital lease additions related parties of J:COM (h) $ 45.9 $ 45.9 $ 128.6 $ 110.0 (a) J:COM earns revenue from programming services provided to J:COM affiliates and distribution fee revenue from SC Media Commerce, Inc., a majority-owned subsidiary of Sumitomo. During the 2008 periods, (i)J:COM also provided construction, programming, management, administrative, call center and distribution services to certain of its and LGIs affiliates and (ii)J:COM sold construction materials to certain of such affiliates. As a result of certain transactions completed by J:COM during 2008, these affiliates became J:COM subsidiaries and, accordingly, the revenue derived from these entities during the 2009 periods is eliminated in consolidation. (b) Amounts consist primarily of management, advisory and programming license fees and fees for uplink services and construction services charged to our equity method affiliates. (c) Amounts consist primarily of programming, billing system, program guide and other services provided to J:COM by its and Sumitomos affiliates. (d) Amounts consist primarily of programming costs and interconnect fees charged by equity method affiliates. (e) J:COM has management service agreements with Sumitomo under which officers and management level employees are seconded from Sumitomo to J:COM. Amounts also include rental and IT support expenses paid to certain subsidiaries of Sumitomo. (f) Amounts represent the reimbursements charged by Austar for marketing and director fees incurred on behalf of one of its equity affiliates. (g) Amounts consist of related party interest expense, primarily related to assets leas

12_

(13)Commitments and Contingencies
	9 Months Ended Sep. 30, 2009 USD / shares
Notes to Financial Statements [Abstract]
(13)Commitments and Contingencies	(13) Commitments and Contingencies Commitments In the ordinary course of business, we have entered into agreements that commit our company to make cash payments in future periods with respect to non-cancellable operating leases, programming contracts, satellite carriage commitments, purchases of customer premise equipment and other items. We expect that in the ordinary course of business, operating leases that expire generally will be renewed or replaced by similar leases. Contingent Obligations In September 2009, VTR Mvil SA (VTR Mvil), a wholly-owned subsidiary of VTR, was officially notified by the Undersecretary of Telecommunications of Chiles Ministry of Transport and Telecommunications that VTR Mvil had been awarded one of three 3G mobile licenses recently auctioned by the Chilean government pursuant to a public bidding process.The term 3G refers to a set of mobile technologies that allow mobile telephony providers to offer, among other things, higher-speed internet access, data and video services. The purchase price for the 3G license, which is expected to be paid in November 2009, is CLP 1,660.1million ($3.0 million).In order to guarantee its compliance with the terms of the 3G license, VTR Mvil was required to post a performance bond in the amount of CLP 35.4 billion ($64.3 million). This performance bond, which is fully guaranteed by VTR, was posted in October 2009. In connection with an April2005 business combination, VTRs noncontrolling shareholder, Cristaleras de Chile SA (Cristaleras), acquired the right (the Cristaleras Put Right) to require UGC to purchase Cristaleras 20% equity interest in VTR at fair value, subject to a $140 million floor price. The Cristaleras Put Right is exercisable by Cristaleras until April13, 2015. Upon the exercise of the Cristaleras Put Right by Cristaleras, UGC has the option to use cash or shares of LGI common stock to acquire Cristaleras interest in VTR. The fair value of the Cristaleras Put Right at September30, 2009 was a liability of $14.3 million. In September 2009, Cristaleras accepted an offer from a third party, subject to UGCs first offer right described below, to purchase Cristaleras 20% interest in VTR for CLP 167.0 billion ($303.5 million). Under UGCs shareholder agreement with Cristaleras, prior to effecting a sale of its VTR shares to a third party, Cristaleras must first offer to sell such shares to UGC. By letter dated September4, 2009, Cristaleras offered to sell its entire VTR interest to UGC for CLP 167.0 billion. Pursuant to its first offer right under the shareholders agreement, UGC had the right, exercisable through November3, 2009, to (i)acquire the offered interest at the offered price or (ii)make a written counteroffer. On November 3, 2009, UGC made a written counteroffer.If Cristaleras rejects the counteroffer, Cristaleras will be free, for a period of 90 days, to sell the offered shares to a third party.Because the Cristaleras Put Right is not assignable, the Cristaleras Put Right would terminate upon a transfer of the offered shares by Cristaleras to a third party. The noncontrolling interest owner of Chello Central Europe Zrt (Chello Central Euro

13_

(14)Segment Reporting
	9 Months Ended Sep. 30, 2009 USD / shares
Notes to Financial Statements [Abstract]
(14)Segment Reporting	(14) Segment Reporting We own a variety of international subsidiaries and investments that provide broadband communications services, and to a lesser extent, video programming services. We identify our reportable segments as those consolidated subsidiaries that represent 10% or more of our revenue, operating cash flow (as defined below) or total assets. In certain cases, we may elect to include an operating segment in our segment disclosure that does not meet the above-described criteria for a reportable segment. We evaluate performance and make decisions about allocating resources to our operating segments based on financial measures such as revenue and operating cash flow. In addition, we review non-financial measures such as subscriber growth, as appropriate. Operating cash flow is the primary measure used by our chief operating decision maker to evaluate segment operating performance. Operating cash flow is also a key factor that is used by our internal decision makers to (i)determine how to allocate resources to segments and (ii)evaluate the effectiveness of our management for purposes of annual and other incentive compensation plans. As we use the term, operating cash flow is defined as revenue less operating and SGA expenses (excluding stock-based compensation, depreciation and amortization, provisions for litigation, and impairment, restructuring and other operating charges or credits). Other operating charges or credits include gains and losses on the disposition of long-lived assets and due diligence, legal, advisory and other third-party costs directly related to our efforts to acquire controlling interests in entities. Our internal decision makers believe operating cash flow is a meaningful measure and is superior to other available GAAP measures because it represents a transparent view of our recurring operating performance that is unaffected by our capital structure and allows management to (i)readily view operating trends, (ii)perform analytical comparisons and benchmarking between segments and (iii)identify strategies to improve operating performance in the different countries in which we operate. We believe our operating cash flow measure is useful to investors because it is one of the bases for comparing our performance with the performance of other companies in the same or similar industries, although our measure may not be directly comparable to similar measures used by other public companies. Operating cash flow should be viewed as a measure of operating performance that is a supplement to, and not a substitute for, operating income, net earnings (loss), cash flow from operating activities and other GAAP measures of income or cash flows. A reconciliation of total segment operating cash flow to our earnings (loss) from continuing operations before income taxes is presented below. During the first quarter of 2009, we changed our reporting such that we no longer include video-on-demand costs within the central and corporate operations category of the UPC Broadband Division. Instead, we present these costs within the individual operating segments of the UPC Broadband Division. Segment information for all perio

Document Information

Document Information
	9 Months Ended Sep. 30, 2009 USD / shares
Document Information [Text Block]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	2009-09-30

Entity Information

Entity Information (USD $)
	9 Months Ended Sep. 30, 2009	Oct. 30, 2009
Entity [Text Block]
Trading Symbol	LBTYA
Entity Registrant Name	Liberty Global, Inc.
Entity Central Index Key	0001316631
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		129,875,422
Common stock Series B
Entity [Text Block]
Trading Symbol	LBTYB
Entity Common Stock, Shares Outstanding		7,191,210
Common stock Series C
Entity [Text Block]
Trading Symbol	LBTYK
Entity Common Stock, Shares Outstanding		123,891,323