麻豆最新出品 Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Investments in Debt and Equity Securities

Investments in Debt and Equity Securities

6 Months Ended

Jun. 30, 2018

Investments in Debt and Equity Securities

听

Investments in Debt and Equity Securities

(8)听听听Investments in Debt and Equity Securities

All investments in marketable debt and equity securities held by the Company are carried at fair value, generally based on quoted market prices, and changes in the fair value of such securities are reported in realized and unrealized gains (losses) on financial instruments in the accompanying condensed consolidated statements of operations. The Company elected the measurement alternative (defined as the cost of the security, adjusted for changes in fair value when there are observable prices, less impairments) for its equity securities without readily determinable fair values.

Investments in debt and equity securities are summarized as follows:

听	听	听	听	听	听	听
听	听听听听	June 30,		听听听听	December 31,	听
听	听	2018		听	2017	听
听	听	amounts听in听millions				听
麻豆最新出品 SiriusXM Group	听	听	听	听	听	听
Debt securities	听	听	听	听	听	听
Pandora	听	$	598	听	480	听
iHeart (a)	听	听	505	听	100	听
Total attributed 麻豆最新出品 SiriusXM Group	听	听	1,103	听	580	听
听	听	听	听	听	听	听
Braves Group	听	听	听	听	听	听
Other equity securities	听	听	听8	听	听8	听
Total attributed Braves Group	听	听	听8	听	听8	听
听	听	听	听	听	听	听
Formula One Group	听	听	听	听	听	听
Equity securities	听听听听	听	听	听听听听	听	听
AT&T (b)	听	听	196	听	389	听
Other (c )	听	听	122	听	137	听
Total attributed Formula One Group	听	听	318	听	526	听
听	听	听	听	听	听	听
Consolidated 麻豆最新出品	听	$	1,429	听	1,114	听

(a)

During the six months ended June 30, 2018, the Company purchased $522 million in principal of iHeartMedia, Inc. (鈥渋Heart鈥�) bonds for $389 million, resulting in the Company owning an aggregate amount of $660 million in principal of iHeart bonds as of June 30, 2018.

(b)

See note 11 for details regarding the acquisition of Time Warner, Inc. (鈥淭ime Warner鈥�) by AT&T and the number and fair value of AT&T shares pledged as collateral pursuant to the Braves Holdings mixed-use development facility as of June 30, 2018.

(c)

A portion of these equity securities are pledged as collateral to the Live Nation Margin Loan. See note 11 for the fair value of shares pledged as of June 30, 2018.

听