The Pro Forma summarized combined unaudited balance sheets and statements of operation of Â鶹app using the historical financial statements for SIRIUS XM, giving effect to any purchase accounting related adjustments made at the time of acquisition and excluding the impact of the gain, as if the transactions discussed above occurred for the Balance Sheet data as of such dates and for the Statement of Operations data as if they had occurred on JanuaryÌý1, 2011, are as follows:
Summary Balance Sheet Data:
|
|
|
|
|
|
Ìý |
Ìý |
DecemberÌý31, 2012 |
Ìý |
Ìý |
Amounts in millions (unaudited) |
Current assets |
Ìý |
$ |
3,102 |
|
Investments in available-for-sale securities |
Ìý |
$ |
1,147 |
|
Investments in equity method affiliates |
Ìý |
$ |
851 |
|
Property, plant and equipment, net |
Ìý |
$ |
1,871 |
|
Intangible assets not subject to amortization |
Ìý |
$ |
23,868 |
|
Intangible assets subject to amortization, net |
Ìý |
$ |
1,038 |
|
Other assets |
Ìý |
$ |
805 |
|
Total assets |
Ìý |
$ |
32,682 |
|
Long-term debt |
Ìý |
$ |
2,486 |
|
Deferred tax liabilities, net |
Ìý |
$ |
1,720 |
|
Other liabilities |
Ìý |
$ |
3,656 |
|
Noncontrolling interests in equity of subsidiaries |
Ìý |
$ |
10,833 |
|
Stockholders' equity |
Ìý |
$ |
13,987 |
|
Summary Operations Data:
|
|
|
|
|
|
|
|
|
|
|
Ìý |
Years ended December 31, |
Ìý |
Ìý |
2012 |
Ìý |
2011 |
Ìý |
Ìý |
amounts in millions
(unaudited)
|
Revenue |
$ |
3,730 |
|
Ìý |
$ |
4,416 |
|
Ìý |
Operating income (loss) |
686 |
|
Ìý |
1,087 |
|
Ìý |
Interest expense |
(162 |
) |
Ìý |
(215 |
) |
Ìý |
Share of earnings (loss) of affiliates |
(21 |
) |
Ìý |
(7 |
) |
Ìý |
Less earnings (loss) attributable to the noncontrolling interests |
1,736 |
|
Ìý |
210 |
|
Ìý |
Net Earnings (loss) from continuing operations attributable to Â鶹app stockholders: |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Â鶹app common stock |
$ |
2,052 |
|
Ìý |
788 |
|
Ìý |
Ìý |
Â鶹app Starz common stock |
NA |
|
Ìý |
(39 |
) |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Pro Forma basic net earnings (loss) from continuing operations attributable to Â鶹app stockholders per common share (noteÌý3): |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Â鶹app common stock |
$ |
17.10 |
|
Ìý |
9.27 |
|
Ìý |
Ìý |
Â鶹app Starz common stock |
NA |
|
Ìý |
(0.76 |
) |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Pro Forma diluted net earnings (loss) from continuing operations attributable to Â鶹app stockholders per common share (noteÌý3): |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Â鶹app common stock |
$ |
16.55 |
|
Ìý |
8.95 |
|
Ìý |
Ìý |
Â鶹app Starz common stock |
NA |
|
Ìý |
(0.76 |
) |
Ìý |
This Pro Forma information is not representative of Â鶹app's future financial position, future results of operations or future cash flows nor does it reflect what Â鶹app's financial position, results of operations or cash flows would have been as if these transactions happened previously and Â鶹app controlled or discontinued owning these entities during the periods presented.
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