SCHEDULE I (Parent Company Information) | LIBERTY GLOBAL LTD. SCHEDULE I (Parent Company Information - See Notes to Consolidated Financial Statements) CONDENSED BALANCE SHEET (Parent Company Only) December 31, in millions ASSETS Current assets: Other receivables — related-party $ 4.1 Total current assets 4.1 Investments in consolidated subsidiaries, including intercompany balances 19,073.7 Other assets, net 17.6 Total assets $ 19,095.4 LIABILITIES AND SHAREHOLDERS’ EQUITY Current liabilities: Other current liabilities — related-party $ 0.6 Other accrued and current liabilities 11.3 Total current liabilities 11.9 Other long-term liabilities 20.9 Total liabilities 32.8 Commitments and contingencies Shareholders’ equity: Class A common shares, $0.01 nominal value. Issued and outstanding 171,463,760 shares 1.7 Class B common shares, $0.01 nominal value. Issued and outstanding 12,988,658 shares 0.1 Class C common shares, $0.01 nominal value. Issued and outstanding 198,153,613 shares 2.0 Additional paid-in capital 1,322.6 Accumulated earnings 15,566.0 Accumulated other comprehensive earnings, net of taxes 2,170.3 Treasury shares, at cost (0.1) Total shareholders’ equity 19,062.6 Total liabilities and shareholders’ equity $ 19,095.4 LIBERTY GLOBAL LTD. SCHEDULE I (Parent Company Information - See Notes to Consolidated Financial Statements) CONDENSED STATEMENT OF OPERATIONS (Parent Company Only) Period from November 23, 2023 to December 31, 2023 in millions Operating costs and expenses: Selling, general and administrative $ 0.6 Operating loss (0.6) Non-operating expense: Interest expense — related-party (0.3) (0.3) Loss before income taxes and equity in loss of consolidated subsidiaries, net (0.9) Equity in loss of consolidated subsidiaries, net (2,998.7) Net loss $ (2,999.6) LIBERTY GLOBAL LTD. SCHEDULE I (Parent Company Information - See Notes to Consolidated Financial Statements) CONDENSED STATEMENT OF CASH FLOWS (Parent Company Only) Period from November 23, 2023 to December 31, 2023 in millions Cash flows from operating activities: Net loss $ (2,999.6) Adjustments to reconcile net loss to net cash provided (used) by operating activities: Equity in loss of consolidated subsidiaries, net 2,998.7 Changes in operating assets and liabilities: Payables and accruals 0.9 Net cash provided (used) by operating activities — Cash flows from investing activities: Net cash provided (used) by investing activities — Cash flows from financing activities: Capital contributions from consolidated subsidiaries 107.4 Repurchases of Liberty Global common shares (107.4) Net cash provided (used) by financing activities — Net increase (decrease) in cash and cash equivalents and restricted cash — Cash and cash equivalents and restricted cash: Beginning of period — End of period $ — LIBERTY GLOBAL PLC SCHEDULE I (Parent Company Information - See Notes to Consolidated Financial Statements) CONDENSED BALANCE SHEET (Parent Company Only) December 31, 2022 in millions ASSETS Current assets: Cash and cash equivalents $ 1.8 Other receivables — related-party 89.8 Current notes receivable — related-party 0.8 Other current assets 7.5 Total current assets 99.9 Long-term notes receivable — related-party 190.0 Investments in consolidated subsidiaries, including intercompany balances 51,050.7 Other assets, net 16.8 Total assets $ 51,357.4 LIABILITIES AND SHAREHOLDERS’ EQUITY Current liabilities: Accounts payable $ 1.1 Other payables — related-party 78.5 Other current liabilities — related-party 0.6 Current portion of notes payable — related-party 12,590.2 Other accrued and current liabilities 25.0 Total current liabilities 12,695.4 Long-term notes payable — related-party 16,200.9 Other long-term liabilities 24.7 Total liabilities 28,921.0 Commitments and contingencies Shareholders’ equity: Class A common shares, $0.01 nominal value. Issued and outstanding 171,917,370 shares 1.8 Class B common shares, $0.01 nominal value. Issued and outstanding 12,994,000 shares 0.1 Class C common shares, $0.01 nominal value. Issued and outstanding 274,436,585 shares 2.7 Additional paid-in capital 2,300.8 Accumulated earnings 19,617.7 Accumulated other comprehensive earnings, net of taxes 513.4 Treasury shares, at cost (0.1) Total shareholders’ equity 22,436.4 Total liabilities and shareholders’ equity $ 51,357.4 SCHEDULE I (Parent Company Information - See Notes to Consolidated Financial Statements) CONDENSED STATEMENTS OF OPERATIONS (Parent Company Only) Period from January 1, 2023 to November 22, 2023 Year ended December 31, 2022 2021 in millions Operating costs and expenses: Selling, general and administrative (including share-based compensation) $ 89.6 $ 55.7 $ 77.6 Related-party fees and allocations 233.9 239.3 182.5 Depreciation and amortization 1.0 1.2 1.4 Operating loss (324.5) (296.2) (261.5) Non-operating income (expense): Interest expense — related-party (1,395.5) (1,308.7) (1,185.6) Interest income — related-party 12.8 15.1 31.7 Foreign currency transaction gains, net 46.5 274.8 317.7 Realized and unrealized gains on derivative instruments, net 26.5 61.5 9.0 Other income, net 0.2 0.3 0.1 (1,309.5) (957.0) (827.1) Loss before income taxes and equity in earnings of consolidated subsidiaries, net (1,634.0) (1,253.2) (1,088.6) Equity in earnings of consolidated subsidiaries, net 581.4 2,726.4 14,530.5 Income tax benefit (expense) 0.5 — (15.1) Net earnings (loss) $ (1,052.1) $ 1,473.2 $ 13,426.8 LIBERTY GLOBAL PLC SCHEDULE I (Parent Company Information - See Notes to Consolidated Financial Statements) CONDENSED STATEMENTS OF CASH FLOWS (Parent Company Only) Period from January 1, 2023 to November 22, 2023 Year ended December 31, 2022 2021 in millions Cash flows from operating activities: Net earnings (loss) $ (1,052.1) $ 1,473.2 $ 13,426.8 Adjustments to reconcile net earnings (loss) to net cash used by operating activities: Equity in earnings of consolidated subsidiaries, net (581.4) (2,726.4) (14,530.5) Share-based compensation expense 55.1 28.4 49.4 Related-party fees and allocations 233.9 239.3 182.5 Depreciation and amortization 1.0 1.2 1.4 Realized and unrealized gains on derivative instruments, net (26.5) (61.5) (9.0) Foreign currency transaction gains, net (46.5) (274.8) (317.7) Deferred income tax expense (benefit) (0.5) — 15.1 Changes in operating assets and liabilities: Receivables and other operating assets (25.5) 138.5 85.3 Payables and accruals 1,135.6 654.7 709.9 Net cash used by operating activities (306.9) (527.4) (386.8) Cash flows from investing activities: Distributions and repayments from (investments in and advances to) consolidated subsidiaries, net (401.0) 22.4 (274.8) Net cash received related to derivative instruments — 50.0 — Cash released from the Vodafone Escrow Accounts, net — 6.5 214.9 Other investing activities, net — — (0.1) Net cash provided (used) by investing activities (401.0) 78.9 (60.0) Cash flows from financing activities: Borrowings of related-party debt 2,206.1 2,187.8 2,445.3 Repayments of related-party debt (106.2) (26.5) (443.3) Repurchases of Liberty Global common shares (1,387.3) (1,703.4) (1,580.4) Proceeds from the issuance of Liberty Global shares upon exercise of options 1.2 13.0 8.9 Other financing activities, net (6.2) (20.8) (15.3) Net cash provided by financing activities 707.6 450.1 415.2 Effect of exchange rate changes on cash and cash equivalents and restricted cash (0.7) (1.5) 0.1 Net increase (decrease) in cash and cash equivalents and restricted cash (1.0) 0.1 (31.5) Cash and cash equivalents and restricted cash: Beginning of period 6.9 6.8 38.3 End of period $ 5.9 $ 6.9 $ 6.8 Details of end of period cash and cash equivalents and restricted cash: Cash and cash equivalents $ 0.7 $ 1.8 $ 1.7 Restricted cash included in other current assets 5.2 5.1 5.1 Total cash and cash equivalents and restricted cash $ 5.9 $ 6.9 $ 6.8 |