8-KEarnings & ResultsRegulation FDExhibits & Filings

Liberty Media Corp 8-K Report, Financial Results (Mar 6, 2018)

Filed March 6, 2018For Securities:FWONKFWONAFWONB

Summary

Liberty Media Corporation (FWONK) filed an 8-K on March 6, 2018, primarily to furnish its Fourth Quarter and Full Year 2017 Earnings Release, which supplements its previously filed 2017 10-K. This release provides updated financial information and operational results for the year ended December 31, 2017. Investors should refer to the Earnings Release (Exhibit 99.1) for detailed financial performance metrics and management's discussion. Additionally, the filing disclosed significant capital market activities, specifically the proposed offering and subsequent pricing of $400 million in 2.125% Exchangeable Senior Debentures due 2048, with an option for up to an additional $60 million. These debentures are intended to supplement the company's capital structure and provide financing. The details of this offering and pricing were also provided via press releases (Exhibits 99.2 and 99.3).

Key Highlights

  • 1Furnished Fourth Quarter and Full Year 2017 Earnings Release to supplement the 2017 10-K.
  • 2Press Release detailing 2017 financial results and operations is available as Exhibit 99.1.
  • 3Announced proposed offering of $400 million aggregate principal amount of 2.125% Exchangeable Senior Debentures due 2048.
  • 4Granted an option to purchase up to an additional $60 million aggregate principal amount of the Debentures.
  • 5Announced the pricing of the Exchangeable Senior Debentures on March 2, 2018.
  • 6Information regarding the offering and pricing was disseminated through press releases (Exhibits 99.2 and 99.3).

Frequently Asked Questions

The primary purpose of this 8-K filing is to furnish the company's Earnings Release for the fourth quarter and full year ended December 31, 2017, which provides additional financial and operational information that supplements the previously filed 2017 10-K. It also discloses details about a recent debt offering.

Liberty Media announced and priced the offering of $400 million (with an option for an additional $60 million) of 2.125% Exchangeable Senior Debentures due 2048.

Detailed financial results and Management's Discussion and Analysis for the year ended December 31, 2017, are available in the Earnings Release, attached as Exhibit 99.1 to this 8-K filing.

This 8-K filing primarily focuses on historical financial information for the year ended December 31, 2017, as provided in the Earnings Release. It does not contain forward-looking statements or results for the current year 2018 beyond what might be included in the furnished earnings materials.