2020 Q3 Form 10-Q Financial Statement

#000157058520000313 Filed on November 04, 2020

View on sec.gov

Income Statement

Concept 2020 Q3 2019 Q4 2019 Q3
Revenue $2.845B $11.54B $2.841B
YoY Change 0.16% 291.36% -3.03%
Cost Of Revenue $791.0M $1.255B $801.8M
YoY Change -1.35% 8.59% 1.79%
Gross Profit $2.054B $1.728B $2.039B
YoY Change 0.75% 1.34% -4.8%
Gross Profit Margin 72.2% 14.97% 71.78%
Selling, General & Admin $539.1M $531.3M $501.7M
YoY Change 7.45% 5.42% 6.0%
% of Gross Profit 26.24% 30.75% 24.6%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $458.5M $897.9M $892.9M
YoY Change -48.65% -0.83% -4.53%
% of Gross Profit 22.32% 51.97% 43.79%
Operating Expenses $539.1M $1.429B $501.7M
YoY Change 7.45% 1.4% 6.0%
Operating Profit $643.8M $282.5M $208.8M
YoY Change 208.33% 11.93% 1.8%
Interest Expense $279.3M -$1.283B $340.1M
YoY Change -17.88% -1230.13% -6.31%
% of Operating Profit 43.38% -454.05% 162.88%
Other Income/Expense, Net -$1.795B $39.10M $307.6M
YoY Change -683.52% 249.11% -195.14%
Pretax Income -$1.151B -$1.081B $516.4M
YoY Change -322.91% -403.26% -537.26%
Income Tax -$165.5M $253.0M -$70.80M
% Of Pretax Income -13.71%
Net Earnings -$1.023B -$1.387B $12.85B
YoY Change -107.96% -5623.9% 1218.95%
Net Earnings / Revenue -35.96% -12.01% 452.25%
Basic Earnings Per Share -$1.73 -$2.19 $17.99
Diluted Earnings Per Share -$1.73 -$2.19 $17.91
COMMON SHARES
Basic Shares Outstanding 591.0M shares 714.2M shares
Diluted Shares Outstanding 591.0M shares 717.3M shares

Balance Sheet

Concept 2020 Q3 2019 Q4 2019 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $6.327B $8.142B $7.382B
YoY Change -14.3% 449.79% 677.87%
Cash & Equivalents $3.777B $8.142B $7.382B
Short-Term Investments $2.549B $0.00
Other Short-Term Assets $479.0M $1.026B $575.1M
YoY Change -16.71% 80.62% 52.67%
Inventory
Prepaid Expenses $195.7M
Receivables $519.3M $1.405B $1.221B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $7.756B $10.57B $9.793B
YoY Change -20.8% 155.31% 173.91%
LONG-TERM ASSETS
Property, Plant & Equipment $6.287B $13.84B $13.05B
YoY Change -51.82% -0.26% -7.12%
Goodwill $6.595B $13.56B $13.28B
YoY Change -50.35% -1.15% -4.85%
Intangibles
YoY Change
Long-Term Investments $3.625B $3.493B $3.608B
YoY Change 0.47% -11.51% -10.83%
Other Assets $1.901B $2.766B $4.726B
YoY Change -59.78% -23.86% 33.9%
Total Long-Term Assets $43.41B $38.47B $38.39B
YoY Change 13.08% -21.5% -23.45%
TOTAL ASSETS
Total Short-Term Assets $7.756B $10.57B $9.793B
Total Long-Term Assets $43.41B $38.47B $38.39B
Total Assets $51.16B $49.05B $48.18B
YoY Change 6.2% -7.73% -10.32%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $450.1M $963.9M $818.2M
YoY Change -44.99% 10.25% 0.88%
Accrued Expenses $1.657B $2.585B $2.440B
YoY Change -32.09% 3.07% -8.13%
Deferred Revenue $299.5M $834.9M $711.6M
YoY Change -57.91% -1.44% -6.96%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.762B $3.796B $3.315B
YoY Change -46.85% 7.31% -2.91%
Total Short-Term Liabilities $4.239B $8.652B $7.748B
YoY Change -45.28% -16.05% -22.78%
LONG-TERM LIABILITIES
Long-Term Debt $9.704B $23.77B $23.58B
YoY Change -58.84% -7.32% -8.1%
Other Long-Term Liabilities $2.163B $2.891B $2.973B
YoY Change -27.25% 18.63% 17.13%
Total Long-Term Liabilities $11.87B $26.66B $26.55B
YoY Change -55.3% -5.07% -5.83%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.239B $8.652B $7.748B
Total Long-Term Liabilities $11.87B $26.66B $26.55B
Total Liabilities $38.40B $35.85B $34.82B
YoY Change 10.29% -26.85% -28.81%
SHAREHOLDERS EQUITY
Retained Earnings $5.723B $6.350B $7.737B
YoY Change -26.03% -222.78% -248.86%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $100.0K $100.0K $100.0K
YoY Change 0.0% 0.0% 0.0%
Treasury Stock Shares
Shareholders Equity $13.10B $13.61B $13.79B
YoY Change
Total Liabilities & Shareholders Equity $51.16B $49.05B $48.18B
YoY Change 6.2% -7.73% -10.32%

Cashflow Statement

Concept 2020 Q3 2019 Q4 2019 Q3
OPERATING ACTIVITIES
Net Income -$1.023B -$1.387B $12.85B
YoY Change -107.96% -5623.9% 1218.95%
Depreciation, Depletion And Amortization $458.5M $897.9M $892.9M
YoY Change -48.65% -0.83% -4.53%
Cash From Operating Activities $1.100B $1.494B $633.8M
YoY Change 73.62% -15.25% -32.24%
INVESTING ACTIVITIES
Capital Expenditures -$310.9M -$343.0M -$267.2M
YoY Change 16.35% 10.61% -22.57%
Acquisitions
YoY Change
Other Investing Activities -$227.2M $74.70M $10.70B
YoY Change -102.12% -832.35% 454.59%
Cash From Investing Activities -$538.1M -$268.3M $10.44B
YoY Change -105.16% -16.23% 558.48%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 2.070B -487.5M -4.925B
YoY Change -142.02% -45.43% 104.01%
NET CHANGE
Cash From Operating Activities 1.100B 1.494B 633.8M
Cash From Investing Activities -538.1M -268.3M 10.44B
Cash From Financing Activities 2.070B -487.5M -4.925B
Net Change In Cash 2.632B $6.683B 6.145B
YoY Change -57.17% 1117.23% 5696.98%
FREE CASH FLOW
Cash From Operating Activities $1.100B $1.494B $633.8M
Capital Expenditures -$310.9M -$343.0M -$267.2M
Free Cash Flow $1.411B $1.837B $901.0M
YoY Change 56.64% -11.38% -29.63%

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CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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CY2020Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
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CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
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CY2020Q3 us-gaap Contract With Customer Asset Net
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CY2019Q4 us-gaap Contract With Customer Asset Net
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CY2020Q3 us-gaap Contract With Customer Liability
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CY2019Q4 us-gaap Contract With Customer Liability
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us-gaap Contract With Customer Liability Revenue Recognized
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CY2020Q3 us-gaap Capitalized Contract Cost Amortization
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us-gaap Capitalized Contract Cost Amortization
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99000000.0 USD
CY2019Q3 us-gaap Capitalized Contract Cost Amortization
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24700000 USD
us-gaap Capitalized Contract Cost Amortization
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73400000 USD
us-gaap Revenue Performance Obligation Description Of Timing
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Revenue from customers who are subject to contracts is generally recognized over the term of such contracts, which is typically 12 months for our residential service contracts, one to three years for our mobile service contracts and one to five years
CY2020Q2 us-gaap Long Term Debt
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CY2020Q2 us-gaap Long Term Debt
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CY2020Q3 us-gaap Investments
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CY2019Q4 us-gaap Investments
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CY2020Q3 us-gaap Short Term Investments
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CY2020Q3 us-gaap Long Term Investments
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CY2019Q3 lbtya Realized And Unrealized Gains Losses Due To Changes In Fair Values Of Certain Investments
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59000000.0 USD
lbtya Realized And Unrealized Gains Losses Due To Changes In Fair Values Of Certain Investments
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lbtya Realized And Unrealized Gains Losses Due To Changes In Fair Values Of Certain Investments
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CY2020Q3 us-gaap Available For Sale Debt Securities Amortized Cost Basis
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CY2020Q3 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
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4800000 USD
CY2020Q3 us-gaap Available For Sale Securities Debt Securities
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us-gaap Proceeds From Sale Of Available For Sale Securities Debt
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us-gaap Debt Securities Realized Gain Loss
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CY2020Q3 us-gaap Available For Sale Securities Debt Maturities Rolling Year Six Through Ten Fair Value
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us-gaap Income Loss From Equity Method Investments
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us-gaap Income Loss From Equity Method Investments
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CY2020Q3 us-gaap Derivative Assets
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CY2019Q4 us-gaap Derivative Assets
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CY2019Q4 us-gaap Derivative Liabilities
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us-gaap Derivative Gain Loss On Derivative Net
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lbtya Payments For Proceeds From Derivative Instrument Operating Activities
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lbtya Payments For Proceeds From Derivative Instrument Operating Activities
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us-gaap Payments For Derivative Instrument Investing Activities
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lbtya Proceeds Repayments From Derivatives Continuing Operations
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lbtya Proceeds Repayments From Derivatives Continuing Operations
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CY2020Q3 lbtya Impactof Derivative Instrumentson Borrowing Costs Percent Increase Decrease
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0.0026
CY2020Q3 us-gaap Derivative Assets
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CY2019Q4 us-gaap Liabilities Fair Value Disclosure
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CY2019Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
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us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Earnings
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154100000 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings1
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us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases
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us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Settlements
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149500000 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Out Of Level3
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6800000 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Net
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CY2020Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
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1098300000 USD
CY2020Q3 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
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lbtya Property Plant And Equipment Additions Vendor Financing Arrangement
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lbtya Property Plant And Equipment Additions Vendor Financing Arrangement
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lbtya Value Added Tax Vendor Financing Arrangement
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172500000 USD
lbtya Value Added Tax Vendor Financing Arrangement
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CY2019Q4 us-gaap Goodwill
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CY2020Q3 us-gaap Goodwill
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CY2020Q3 us-gaap Finite Lived Intangible Assets Gross
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CY2020Q3 us-gaap Finite Lived Intangible Assets Net
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CY2019Q4 us-gaap Finite Lived Intangible Assets Gross
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CY2020Q3 us-gaap Debt Weighted Average Interest Rate
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CY2020Q3 us-gaap Debt Instrument Carrying Amount
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CY2019Q4 us-gaap Debt Instrument Carrying Amount
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27648100000 USD
CY2020Q3 us-gaap Debt Instrument Carrying Amount
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11509300000 USD
CY2019Q4 us-gaap Debt Instrument Carrying Amount
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CY2020Q3 us-gaap Debt Instrument Unamortized Discount Premium Net
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CY2019Q4 us-gaap Debt Instrument Unamortized Discount Premium Net
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CY2020Q3 us-gaap Long Term Debt
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CY2020Q3 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
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28182500000 USD
CY2020Q3 us-gaap Long Term Debt And Capital Lease Obligations Current
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24305300000 USD
CY2020Q3 lbtya Numberof Borrowing Groups
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lbtya Non Cash Borrowingsand Repaymentsof Debt
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CY2020Q3 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
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478300000 USD
CY2020Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
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1471300000 USD
CY2020Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
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290700000 USD
CY2020Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
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172700000 USD
CY2020Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
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CY2020Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
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CY2020Q3 lbtya Longterm Debt Gross Contractual Maturities
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43300000 USD
CY2020Q3 lbtya Longterm Debt Contractual Maturities
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CY2020Q3 us-gaap Operating Lease Right Of Use Asset
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CY2020Q3 us-gaap Operating Lease Liability
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CY2020Q3 lbtya Lease Liability
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us-gaap Finance Lease Principal Payments
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CY2019Q4 lbtya Lease Liability
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CY2020Q3 us-gaap Finance Lease Weighted Average Remaining Lease Term1
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P22Y10M24D
CY2020Q3 us-gaap Finance Lease Weighted Average Discount Rate Percent
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us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
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us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
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CY2020Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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CY2020Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
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us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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65800000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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53900000 USD
CY2020Q3 us-gaap Finance Lease Right Of Use Asset Amortization
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19700000 USD
us-gaap Finance Lease Right Of Use Asset Amortization
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53100000 USD
us-gaap Finance Lease Right Of Use Asset Amortization
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CY2020Q3 us-gaap Finance Lease Interest Expense
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us-gaap Finance Lease Interest Expense
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CY2020Q3 lbtya Finance Lease Cost
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CY2019Q3 lbtya Finance Lease Cost
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lbtya Finance Lease Cost
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77100000 USD
lbtya Finance Lease Cost
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CY2020Q3 us-gaap Operating Lease Cost
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CY2019Q3 us-gaap Operating Lease Cost
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us-gaap Operating Lease Cost
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us-gaap Operating Lease Cost
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CY2020Q3 us-gaap Short Term Lease Cost
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us-gaap Short Term Lease Cost
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4900000 USD
us-gaap Short Term Lease Cost
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CY2020Q3 us-gaap Variable Lease Cost
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CY2019Q3 us-gaap Variable Lease Cost
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us-gaap Variable Lease Cost
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us-gaap Variable Lease Cost
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CY2020Q3 us-gaap Lease Cost
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us-gaap Lease Cost
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us-gaap Lease Cost
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lbtya Operatingand Finance Lease Payments
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lbtya Operatingand Finance Lease Payments
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CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
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72500000 USD
CY2020Q3 us-gaap Finance Lease Liability Payments Due Next Twelve Months
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CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
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CY2020Q3 us-gaap Finance Lease Liability Payments Due Year Two
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CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
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CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
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CY2020Q3 us-gaap Finance Lease Liability Payments Due Year Four
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CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Five
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CY2020Q3 us-gaap Finance Lease Liability Payments Due Year Five
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CY2020Q3 us-gaap Finance Lease Liability Payments Due After Year Five
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CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due
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CY2020Q3 us-gaap Finance Lease Liability Payments Due
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1
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730476710 shares
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127800000 USD
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73000000.0 USD
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66900000 USD
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lbtya Programmingand Copyright Costs
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1246700000 USD
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0 USD
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lbtya Increase Decrease In Adjusted Ebitda
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1
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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CY2019Q3 us-gaap Other Nonoperating Income Expense
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us-gaap Other Nonoperating Income Expense
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us-gaap Gains Losses On Extinguishment Of Debt
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us-gaap Gains Losses On Extinguishment Of Debt
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CY2020Q3 lbtya Realized And Unrealized Gains Losses Due To Changes In Fair Valuesof Certain Investmentsand Debt Net
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CY2019Q3 lbtya Realized And Unrealized Gains Losses Due To Changes In Fair Valuesof Certain Investmentsand Debt Net
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56400000 USD
lbtya Realized And Unrealized Gains Losses Due To Changes In Fair Valuesof Certain Investmentsand Debt Net
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CY2020Q3 us-gaap Foreign Currency Transaction Gain Loss Before Tax
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CY2019Q3 us-gaap Foreign Currency Transaction Gain Loss Before Tax
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54200000 USD
us-gaap Foreign Currency Transaction Gain Loss Before Tax
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us-gaap Foreign Currency Transaction Gain Loss Before Tax
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CY2020Q3 us-gaap Derivative Gain Loss On Derivative Net
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CY2019Q3 us-gaap Derivative Gain Loss On Derivative Net
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582100000 USD
us-gaap Derivative Gain Loss On Derivative Net
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199800000 USD
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CY2020Q3 us-gaap Interest Expense
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us-gaap Interest Expense
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CY2020Q3 us-gaap Operating Income Loss
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us-gaap Operating Income Loss
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36000000.0 USD
us-gaap Restructuring Settlement And Impairment Provisions
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47400000 USD
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140100000 USD
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us-gaap Depreciation And Amortization
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us-gaap Depreciation And Amortization
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2754300000 USD
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us-gaap Share Based Compensation
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lbtya Income Loss From Continuing Operations Before Income Taxes
IncomeLossFromContinuingOperationsBeforeIncomeTaxes
3548000000.0 USD
lbtya Income Loss From Continuing Operations Before Income Taxes
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us-gaap Property Plant And Equipment Additions
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lbtya Assets Acquired Under Capital Related Vendor Financing Arrangements
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lbtya Assets Acquired Under Capital Related Vendor Financing Arrangements
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us-gaap Capital Lease Obligations Incurred
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us-gaap Capital Lease Obligations Incurred
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47200000 USD
lbtya Increase Decrease In Current Liabilities Related To Capital Expenditures
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2019Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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8559300000 USD

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