Liberty Global (LBTYK) 10-K/A 27 Mar 20 2019 FY Annual report (amended) Financial data

Document and Entity Information

Document and Entity Information - USD ($) $ in Billions	12 Months Ended
	Dec. 31, 2019	Jan. 31, 2020	Jun. 30, 2019
Entity Information [Line Items]
Document Type	10-K/A
Document Annual Report	true
Document Period End Date	Dec. 31, 2019
Document Transition Report	false
Entity File Number	001-35961
Entity Registrant Name	Liberty Global plc
Entity Incorporation, State or Country Code	X0
Entity Tax Identification Number	98-1112770
Entity Address, Address Line One	Griffin House
Entity Address, Address Line Two	161 Hammersmith Rd
Entity Address, City or Town	London
Entity Address, Country	GB
Entity Address, Postal Zip Code	W6 8BS
Country Region	44
City Area Code	208
Local Phone Number	483.6449
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Public Float			$ 18.5
Documents Incorporated by Reference	Portions of the definitive proxy statement for the Registrant’s 2020 Annual General Meeting of Shareholders are incorporated by reference in Part III of this Form 10-K .
Entity Central Index Key	0001570585
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	FY
Amendment Flag	true
Amendment Description	file rule 3-09 financials
Class A
Entity Information [Line Items]
Title of 12(b) Security	Class A ordinary shares
Trading Symbol	LBTYA
Security Exchange Name	NASDAQ
Entity Common Stock, Shares Outstanding		181,568,323
Class B
Entity Information [Line Items]
Title of 12(b) Security	Class B ordinary shares
Trading Symbol	LBTYB
Security Exchange Name	NASDAQ
Entity Common Stock, Shares Outstanding		12,151,526
Class C
Entity Information [Line Items]
Title of 12(b) Security	Class C ordinary shares
Trading Symbol	LBTYK
Security Exchange Name	NASDAQ
Entity Common Stock, Shares Outstanding		438,884,260

SCHEDULE I (Parent Company Info

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

SCHEDULE II VALUATION AND QUALI

SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS	12 Months Ended
	Dec. 31, 2019
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]
SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS	LIBERTY GLOBAL PLC SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS Allowance for doubtful accounts — Trade receivables (Continuing operations) Balance at beginning of period Impact of the adoption of ASU 2014-09 Additions to costs and expenses Acquisitions Deductions or write-offs Foreign currency translation adjustments Balance at end of period in millions Year ended December 31: 2017 $ 56.1 — 51.6 1.5 (41.7 ) 6.7 $ 74.2 2018 $ 74.2 11.9 61.6 — (98.4 ) (3.5 ) $ 45.8 2019 $ 45.8 — 44.6 — (48.3 ) 0.7 $ 42.8

SCHEDULE I (Parent Company In_2

SCHEDULE I (Parent Company Information) CONDENSED BALANCE SHEETS (Details) - Liberty Global Plc - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Current assets:
Cash and cash equivalents	$ 6.7	$ 10.8	$ 73.2
Other receivables — related-party	68.9	13
Other current assets	80.6	7
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
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	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
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 stockholders’ equity	13,606.2	4,681.4
Total liabilities and equity	36,977.9	22,089.5
Class A
Current liabilities:
Common stock	1.8	2
Class B
Current liabilities:
Common stock	0.1	0.1
Class C
Current liabilities:
Common stock	$ 4.4	$ 5.3

SCHEDULE I (Parent Company In_3

SCHEDULE I (Parent Company Information) CONDENSED BALANCE SHEET (Parenthetical) (Details) - Liberty Global Plc - $ / shares	Dec. 31, 2019	Dec. 31, 2018
Class A
Condensed Financial Statements, Captions [Line Items]
Common stock, nominal value (in dollars per share)	$ 0.01	$ 0.01
Common stock, issued (in shares)	181,560,735	204,450,499
Common stock, outstanding (in shares)	181,560,735	204,450,499
Class B
Condensed Financial Statements, Captions [Line Items]
Common stock, nominal value (in dollars per share)	$ 0.01	$ 0.01
Common stock, issued (in shares)	12,151,526	11,099,593
Common stock, outstanding (in shares)	12,151,526	11,099,593
Class C
Condensed Financial Statements, Captions [Line Items]
Common stock, nominal value (in dollars per share)	$ 0.01	$ 0.01
Common stock, issued (in shares)	438,867,447	531,174,389
Common stock, outstanding (in shares)	438,867,447	531,174,389

SCHEDULE I (Parent Company In_4

SCHEDULE I (Parent Company Information) CONDENSED STATEMENT OF OPERATIONS (Details) - Liberty Global Plc - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Operating costs and expenses:
Selling, general and administrative (including stock-based compensation)	$ 61	$ 42.8	$ 44.9
Related-party fees and allocations	20.6	8	55.2
Depreciation and amortization	1.4	1.5	1
Other operating expenses	0.2	0	0
Operating income	(83.2)	(52.3)	(101.1)
Non-operating income (expense):
Interest expense — related-party	(864.6)	(678)	(406.5)
Interest income — related-party	89.6	70.9	822.7
Foreign currency transaction gains (losses), net	281.2	381	(644.8)
Other income, net	3.4	0.1	(3.3)
Non-operating income (expense)	(490.4)	(226)	(231.9)
Earnings before income taxes and equity in earnings (losses) of consolidated subsidiaries, net	(573.6)	(278.3)	(333)
Equity in earnings (losses) of consolidated subsidiaries, net	11,921.4	887.9	(2,386)
Income tax benefit (expense)	173.6	115.7	(59.1)
Net earnings (loss) attributable to Liberty Global shareholders	$ 11,521.4	$ 725.3	$ (2,778.1)

SCHEDULE I (Parent Company In_5

SCHEDULE I (Parent Company Information) CONDENSED STATEMENT OF CASH FLOWS (Details) - Liberty Global Plc - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Cash flows from operating activities:
Net earnings (loss)	$ 11,521.4	$ 725.3	$ (2,778.1)
Adjustments to reconcile loss from continuing operations to net cash provided by operating activities from continuing operations:
Equity in losses (earnings) of consolidated subsidiaries, net	(11,921.4)	(887.9)	2,386
Share-based compensation expense	35.8	20.6	19.8
Related-party fees and allocations	20.6	8	55.2
Depreciation and amortization	1.4	1.5	1
Other operating expenses	0.2	0	0
Foreign currency transaction losses (gains), net	(281.2)	(381)	644.8
Deferred income tax benefit	(10)	(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 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)	0	0
Other investing activities, net	(0.1)	0	(7)
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)	(3,496)
Repurchase of Liberty Global ordinary shares	(3,219.4)	(2,009.9)	(2,976.2)
Borrowings of third-party debt	98.6	0	0
Other financing activities, net	(5)	4.3	3.6
Net cash used by financing activities	726.1	117.7	(1,835.9)
Effect of exchange rate changes on cash	0.5	0	(0.4)
Total	(4.1)	(62.4)	14.3
Cash and cash equivalents:
Beginning of period	16	78.4	64.1
End of period	11.9	16	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	$ 16	$ 16	$ 64.1	$ 11.9	$ 16	$ 78.4

SCHEDULE II VALUATION AND QUA_2

SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS (Details) - Allowance for doubtful accounts — Trade receivables (Continuing operations) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at beginning of period	$ 45.8	$ 74.2	$ 56.1
Impact of the adoption of ASU 2014-09	0	11.9	0
Additions to costs and expenses	44.6	61.6	51.6
Acquisitions	0	0	1.5
Deductions or write-offs	(48.3)	(98.4)	(41.7)
Foreign currency translation adjustments	0.7	(3.5)	6.7
Balance at end of period	$ 42.8	$ 45.8	$ 74.2