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 |