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Segment Reporting (Tables)
 6 Months Ended
Jun. 30, 2020
Segment Reporting, Measurement Disclosures [Abstract]  
Performance Measures of our Reportable Segments
The amounts presented below represent 100% of each of our reportable segment’s revenue and Adjusted EBITDA. As we have the ability to control Telenet, we consolidate 100% of Telenet’s revenue and expenses in our condensed consolidated statements of operations despite the fact that third parties own a significant interest. The noncontrolling owners’ interests in the operating results of Telenet and other less significant majority-owned subsidiaries are reflected in net earnings or loss attributable to noncontrolling interests in our condensed consolidated statements of operations. Similarly, despite only holding a 50% noncontrolling interest in the VodafoneZiggo JV, we present 100% of its revenue and Adjusted EBITDA in the tables below. Our share of the VodafoneZiggo JV's operating results is included in share of results of affiliates, net, in our condensed consolidated statements of operations.
 
Revenue
 
Three months ended
June 30,
 
Six months ended
June 30,
 
2020
 
2019
 
2020
 
2019
 
in millions
 
 
 
 
 
 
 
 
U.K./Ireland
$
1,531.8

 
$
1,644.0

 
$
3,152.4

 
$
3,305.3

Belgium
682.5

 
713.2

 
1,400.6

 
1,425.1

Switzerland
299.1

 
315.0

 
615.9

 
631.0

Central and Eastern Europe
116.2

 
119.1

 
235.3

 
238.2

Central and Corporate
93.7

 
60.2

 
194.9

 
120.9

Intersegment eliminations
(0.4
)
 
(1.1
)
 
(0.4
)
 
(2.1
)
Total
$
2,722.9

 
$
2,850.4

 
$
5,598.7

 
$
5,718.4

 
 
 
 
 
 
 
 
VodafoneZiggo JV
$
1,081.6

 
$
1,084.5

 
$
2,178.7

 
$
2,178.4


 
Adjusted EBITDA
 
Three months ended
June 30,
 
Six months ended
June 30,
 
2020
 
2019 (a)
 
2020
 
2019 (a)
 
in millions
 
 
 
 
 
 
 
 
U.K./Ireland
$
654.9

 
$
687.5

 
$
1,310.3

 
$
1,379.7

Belgium
354.1

 
349.4

 
685.7

 
688.4

Switzerland
150.9

 
159.8

 
285.0

 
316.1

Central and Eastern Europe
52.7

 
54.1

 
107.0

 
107.8

Central and Corporate
(24.1
)
 
(60.1
)
 
(49.2
)
 
(119.4
)
Intersegment eliminations (b)
—

 
—

 
—

 
1.4

Total
$
1,188.5

 
$
1,190.7

 
$
2,338.8

 
$
2,374.0

 
 
 
 
 
 
 
 
VodafoneZiggo JV
$
531.5

 
$
487.6

 
$
1,034.3

 
$
981.4


_______________

(a)
Amounts have been revised to reflect the retrospective impact of the Centrally-held Cost Allocation, as described above.

(b)
Amount for the 2019 six-month period is related to transactions between our continuing and discontinued operations prior to the disposal dates of such discontinued operations.

The following table provides a reconciliation of earnings (loss) from continuing operations to Adjusted EBITDA:
 
Three months ended
June 30,
 
Six months ended
June 30,
 
2020
 
2019
 
2020
 
2019
 
in millions
 
 
 
 
 
 
 
 
Earnings (loss) from continuing operations
$
(503.8
)
 
$
(339.6
)
 
$
513.9

 
$
(646.5
)
Income tax expense (benefit)
(158.0
)
 
26.8

 
(77.9
)
 
54.6

Other income, net
(9.5
)
 
(32.5
)
 
(61.9
)
 
(39.0
)
Share of results of affiliates, net
105.4

 
69.3

 
72.0

 
140.2

Losses on debt extinguishment, net
165.6

 
48.3

 
220.1

 
48.8

Realized and unrealized losses (gains) due to changes in fair values of certain investments and debt, net
(152.3
)
 
138.7

 
377.5

 
146.9

Foreign currency transactions losses (gains), net
478.0

 
27.0

 
86.3

 
(111.6
)
Realized and unrealized losses (gains) on derivative instruments, net
319.7

 
(152.9
)
 
(917.6
)
 
(70.1
)
Interest expense
281.7

 
363.6

 
595.0

 
730.9

Operating income
526.8

 
148.7

 
807.4

 
254.2

Impairment, restructuring and other operating items, net
32.2

 
33.2

 
63.2

 
104.1

Depreciation and amortization
545.7

 
921.8

 
1,329.2

 
1,861.4

Share-based compensation expense
83.8

 
87.0

 
139.0

 
154.3

Adjusted EBITDA
$
1,188.5

 
$
1,190.7

 
$
2,338.8

 
$
2,374.0



The following table provides a summary of the impact on the Adjusted EBITDA of our consolidated reportable segments and Central and Corporate that resulted from the Centrally-held Cost Allocation.
 
Three months ended
June 30,
 
Six months ended
June 30,
 
2020
 
2019
 
2020
 
2019
 
in millions
Increase (decrease) to Adjusted EBITDA:
 
 
 
 
 
 
 
U.K./Ireland
$
(12.3
)
 
$
(15.7
)
 
$
(24.4
)
 
$
(31.8
)
Switzerland
(4.8
)
 
(9.9
)
 
(9.6
)
 
(16.7
)
Central and Eastern Europe
(2.7
)
 
(3.8
)
 
(5.2
)
 
(7.3
)
Central and Corporate
19.8

 
29.4

 
39.2

 
55.8

Total Liberty Global
$
—

 
$
—

 
$
—

 
$
—
Property and Equipment Additions of our Reportable Segments
The property and equipment additions of our reportable segments (including capital additions financed under vendor financing or finance lease arrangements) are presented below and reconciled to the capital expenditure amounts included in our condensed consolidated statements of cash flows. For additional information concerning capital additions financed under vendor financing and finance lease arrangements, see notes 8 and 10.
 
Six months ended
June 30,
 
2020
 
2019
 
in millions
 
 
 
 
U.K./Ireland
$
669.4

 
$
766.7

Belgium
251.9

 
275.1

Switzerland
123.8

 
135.9

Central and Eastern Europe
39.8

 
41.4

Central and Corporate (a)
157.5

 
162.2

Total property and equipment additions
1,242.4

 
1,381.3

Assets acquired under capital-related vendor financing arrangements
(702.9
)
 
(926.3
)
Assets acquired under finance leases
(17.2
)
 
(32.6
)
Changes in current liabilities related to capital expenditures
127.3

 
210.5

Total capital expenditures, net
$
649.6

 
$
632.9

 
 
 
 
Capital expenditures, net:
 
 
 
Third-party payments
$
650.9

 
$
691.2

Proceeds received for transfers to related parties (b)
(1.3
)
 
(58.3
)
Total capital expenditures, net
$
649.6

 
$
632.9

 
 
 
 
Property and equipment additions - VodafoneZiggo JV
$
472.4

 
$
426.5

_______________

(a)
Includes (i) property and equipment additions representing centrally-owned assets that benefit our operating segments and (ii) the net impact of certain centrally-procured network equipment that is ultimately transferred to our operating segments.

(b)
Primarily relates to transfers of centrally-procured property and equipment to the VodafoneZiggo JV and, for the 2019 period, our discontinued operations.
Revenue by Major Category
Our revenue by major category for our consolidated reportable segments is set forth below:
 
Three months ended
June 30,
 
Six months ended
June 30,
 
2020
 
2019
 
2020
 
2019
 
in millions
 
 
 
 
 
 
 
 
Residential revenue:
 
 
 
 
 
 
 
Residential cable revenue (a):
 
 
 
 
 
 
 
Subscription revenue (b):
 
 
 
 
 
 
 
Broadband internet
$
781.0

 
$
799.5

 
$
1,577.8

 
$
1,602.3

Video
633.6

 
676.6

 
1,316.7

 
1,368.7

Fixed-line telephony
328.3

 
360.4

 
666.5

 
729.2

Total subscription revenue
1,742.9

 
1,836.5

 
3,561.0

 
3,700.2

Non-subscription revenue
35.6

 
44.5

 
88.6

 
98.5

Total residential cable revenue
1,778.5

 
1,881.0

 
3,649.6

 
3,798.7

Residential mobile revenue (c):
 
 
 
 
 
 
 
Subscription revenue (b)
227.3

 
231.4

 
463.2

 
459.4

Non-subscription revenue
129.7

 
173.3

 
275.0

 
330.0

Total residential mobile revenue
357.0

 
404.7

 
738.2

 
789.4

Total residential revenue
2,135.5

 
2,285.7

 
4,387.8

 
4,588.1

B2B revenue (d):
 
 
 
 
 
 
 
Subscription revenue
123.4

 
116.8

 
248.0

 
230.6

Non-subscription revenue
338.2

 
357.2

 
687.7

 
729.2

Total B2B revenue
461.6

 
474.0

 
935.7

 
959.8

Other revenue (e)
125.8

 
90.7

 
275.2

 
170.5

Total
$
2,722.9

 
$
2,850.4

 
$
5,598.7

 
$
5,718.4

_______________

(a)
Residential cable subscription revenue includes amounts received from subscribers for ongoing services and the recognition of deferred installation revenue over the associated contract period. Residential cable non-subscription revenue includes, among other items, channel carriage fees, late fees and revenue from the sale of equipment.

(b)
Residential subscription revenue from subscribers who purchase bundled services at a discounted rate is generally allocated proportionally to each service based on the standalone price for each individual service. As a result, changes in the standalone pricing of our cable and mobile products or the composition of bundles can contribute to changes in our product revenue categories from period to period.

(c)
Residential mobile subscription revenue includes amounts received from subscribers for ongoing services. Residential mobile non-subscription revenue includes, among other items, interconnect revenue and revenue from sales of mobile handsets and other devices.

(d)
B2B subscription revenue represents revenue from services to certain small or home office (SOHO) subscribers. SOHO subscribers pay a premium price to receive expanded service levels along with broadband internet, video, fixed-line telephony or mobile services that are the same or similar to the mass marketed products offered to our residential subscribers. B2B non-subscription revenue includes (i) revenue from business broadband internet, video, fixed-line telephony, mobile and data services offered to medium to large enterprises and, on a wholesale basis, to other operators and (ii) revenue from long-term leases of portions of our network.

(e)
Other revenue includes, among other items, (i) revenue earned from transitional and other services provided to various third parties, (ii) revenue earned from the JV Services and the sale of customer premises equipment to the VodafoneZiggo JV and (iii) broadcasting revenue in Belgium and Ireland.
Geographic Segments
The revenue of our geographic segments is set forth below:
 
Three months ended
June 30,
 
Six months ended
June 30,
 
2020
 
2019
 
2020
 
2019
 
in millions
 
 
 
 
 
 
 
 
U.K.
$
1,417.2

 
$
1,517.7

 
$
2,913.6

 
$
3,051.2

Belgium
682.5

 
713.2

 
1,400.6

 
1,425.1

Switzerland
299.1

 
315.0

 
615.9

 
631.0

Ireland
114.6

 
126.3

 
238.8

 
254.1

Poland
103.7

 
106.7

 
210.4

 
213.4

Slovakia
12.5

 
12.4

 
24.9

 
24.8

Other, including intersegment eliminations
93.3

 
59.1

 
194.5

 
118.8

Total
$
2,722.9

 
$
2,850.4

 
$
5,598.7

 
$
5,718.4

 
 
 
 
 
 
 
 
VodafoneZiggo JV (the Netherlands)
$
1,081.6

 
$
1,084.5

 
$
2,178.7

 
$
2,178.4