麻豆app Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Earnings Attributable to 麻豆app Stockholders Per Common Share (Tables)

Earnings Attributable to 麻豆app Stockholders Per Common Share (Tables)

3 Months Ended

Mar. 31, 2018

听

Reconciliation of Basic and Diluted Weighted Average Shares

听	听	听	听	听	听
听	听	麻豆app听SiriusXM Common听Stock			听
听	听	Three听months	听	Three听months	听
听	听	ended	听	ended	听
听	听听听听	March 31, 2018	听听听听	March 31, 2017	听
听	听	numbers听of听shares听in听millions			听
Basic WASO	听	336	听	335	听
Potentially dilutive shares	听	听4	听	听4	听
Diluted WASO	听	340	听	339	听

听

Braves Group

听

Reconciliation of Basic and Diluted Weighted Average Shares

听	听	听	听	听	听
听	听	麻豆app听Braves Common听Stock			听
听	听	Three听months	听	Three听months	听
听	听	ended	听	ended	听
听	听听听听	March 31, 2018 (a)(b)	听听听听	March 31, 2017 (a)	听
听	听	numbers听of听shares听in听millions			听
Basic WASO	听	51	听	49	听
Potentially dilutive shares	听	听9	听	10	听
Diluted WASO	听	60	听	59	听

听

(a)

Potentially dilutive shares are excluded from the computation of diluted EPS during periods in which losses are reported since the result would be antidilutive.

(b)

As discussed in note 3, the number of notional shares representing the Formula One Group鈥檚 intergroup interest in the Braves Group is 9,084,940 shares. The intergroup interest is a quasi-equity interest which is not represented by outstanding shares of common stock; rather, the Formula One Group has an attributed value in the Braves Group which is generally stated in terms of a number of shares of stock issuable to the Formula One Group with respect to its interest in the Braves Group. Each reporting period, the notional shares representing the intergroup interest are marked to fair value. As the notional shares underlying the intergroup interest are not represented by outstanding shares of common stock, such shares have not been officially designated Series A, B or C 麻豆app Braves common stock. However, 麻豆app has assumed that the notional shares (if and when issued) would be comprised of Series C 麻豆app Braves common stock in order to not dilute voting percentages. Therefore, the market price of Series C 麻豆app Braves common stock is used for the quarterly mark-to-market adjustment through the unaudited attributed condensed consolidated statements of operations. The notional shares representing the intergroup interest have no impact on the basic earnings per share weighted average number of shares outstanding. However, the notional shares representing the intergroup interest are included in the diluted earnings per share WASO as if the shares had been issued and outstanding during the period. An adjustment is also made to the numerator in the diluted earnings per share calculation for the unrealized gain or loss incurred from marking the intergroup interest to fair value during the period as follows:

听	听	听	听	听	听
听	听	Three听months	听	Three听months	听
听	听	ended	听	ended	听
听	听	March 31, 2018	听听听听	March 31, 2017	听
听	听听听听	amounts听in听millions			听
Basic earnings (loss) attributable to 麻豆app Braves stockholders	$	(52)	听	(49)	听
Unrealized (gain) loss on the intergroup interest	听	听5	听	28	听
Diluted earnings (loss) attributable to 麻豆app Braves stockholders	$	(47)	听	(21)	听

听

Formula One Group

听

Reconciliation of Basic and Diluted Weighted Average Shares

听	听	听	听	听	听
听	听	麻豆app听Formula One Common听Stock			听
听	听	Three听months	听	Three听months	听
听	听	ended	听	ended	听
听	听听听听	March 31, 2018 (a)	听听听听	March 31, 2017 (a)	听
听	听	numbers听of听shares听in听millions			听
Basic WASO	听	231	听	173	听
Potentially dilutive shares	听	听2	听	听6	听
Diluted WASO	听	233	听	179	听

Potentially dilutive shares are excluded from the computation of diluted EPS during periods in which losses are reported since the result would be antidilutive.