Liberty Media Corporation announced unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the period, the company reported total revenue of $789 million compared to $35 million for the same period a year ago. Operating income was $160 million compared to operating loss of $32 million for the same period a year ago. Operating income was $160 million compared to operating loss of $32 million for the same period a year ago. Earnings from continuing operations before income taxes were $7,749 million compared to $112 million for the same period a year ago. Earnings from continuing operations were $8,110 million compared to $72 million for the same period a year ago. Net earnings were $8,110 million compared to $151 million for the same period a year ago. Net earnings attributable to company stockholders were $8,062 million compared to $150 million for the same period a year ago. Net cash provided by operating activities was $339 million compared to $108 million for the same period a year ago. Capital expended for property and equipment was $26 million compared to $2 million for the same period a year ago. Net purchases of short term investments and other marketable securities was $24 million compared to $20 million for the same period a year ago. Adjusted OIBDA was $271 million compared to Adjusted OLBDA of $17 million for the same period a year ago. Total company debt as at March 31, 2013 was $2,419 million compared to nil at the same period a year ago. The increase in revenue, adjusted OIBDA and operating income was primarily due to the acquisition of a controlling interest in SiriusXM as discussed above. The company had cash and liquid investments of nearly $2 billion and the principal amount of debt of $2.2 billion, which includes the debt balances for SiriusXM.

Liberty Media Corporation, Q1 2013 Earnings Call, May 08, 2013

Liberty Media Corporation announced that they will report Q1, 2013 results at 11:00 PM, US Eastern Standard Time on May 08, 2013