Back to top

Analyst Blog

Liberty Media Corp. (LMCA - Analyst Report) reported mixed financial results for the fourth quarter of 2013. The adjusted earnings per share of 92 cents were significantly higher than the Zacks Consensus Estimate of 54 cents. Quarterly GAAP net income was $65.2 million compared with $156.2 million in the year-ago quarter.

Quarterly total revenue was $1,025 million compared with a nominal $44 million in the prior-year quarter but fell slightly below the Zacks Consensus Estimate of $1,029 million. 

In the fourth quarter of 2013, Liberty Media’s adjusted operating income before depreciation and amortization came in at $319 million compared with a loss of $22 million in the year-ago quarter. Quarterly operating income was $189 million as against a loss of $60 million in the prior-year quarter. Adjusted EBITDA was $325.6 million against $230.5 million in the prior-year quarter.

In the reported quarter, Liberty Media generated $358.6 million of cash from operations compared with $293.2 million in the prior-year quarter. Free cash flow in the reported quarter was $303.27 million against $269.5 million in the year-ago quarter.

At the end of 2013, Liberty Media had $2,412 million of cash and cash equivalents against $2,745 million at the end of 2012. The total debt, at the end of 2013 was $5,555 million compared with $540 million at the end of 2012. At the end of 2013, the debt-to-capitalization ratio was 0.25 compared with 0.08 at the end of 2012.

Liberty Media, which controls a 27.3% stake in Charter Communications Inc. (CHTR - Analyst Report), was aggressively pursuing the idea of the company acquiring Time Warner Cable Inc. (TWC - Analyst Report). However, Charter Communications has lost to Comcast Corp. (CMCSA - Analyst Report) in its bid to acquire Time Warner Cable. Liberty Media currently has a Zacks Rank #3 (Hold).

Please login to Zacks.com or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research

Close

Are you a new Zacks Member or a visitor to Zacks.com?

Top Zacks Features

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
RPC INC RES 24.91 +8.35%
LITHIA MOTO… LAD 94.59 +4.60%
DELTA AIR L… DAL 39.15 +3.90%
FLAMEL TECH… FLML 14.51 +3.50%
SOUTHWEST A… LUV 28.87 +2.92%