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LBTYK (Liberty Global) Depreciation, Depletion and Amortization : $2,146 Mil (TTM As of Sep. 2024)


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What is Liberty Global Depreciation, Depletion and Amortization?

Liberty Global's depreciation, depletion and amortization for the three months ended in Sep. 2024 was $501 Mil. Its depreciation, depletion and amortization for the trailing twelve months (TTM) ended in Sep. 2024 was $2,146 Mil.


Liberty Global Depreciation, Depletion and Amortization Historical Data

The historical data trend for Liberty Global's Depreciation, Depletion and Amortization can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Liberty Global Depreciation, Depletion and Amortization Chart

Liberty Global Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Depreciation, Depletion and Amortization
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3,546.30 2,227.20 2,353.70 2,171.40 2,315.20

Liberty Global Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Depreciation, Depletion and Amortization Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 584.00 633.40 480.70 531.40 500.60

Liberty Global Depreciation, Depletion and Amortization Calculation

Depreciation is a present expense that accounts for the past cost of an asset that is now providing benefits.

Depletion and amortization are synonyms for depreciation.

Generally:
The term depreciation is used when discussing man made tangible assets
The term depletion is used when discussing natural tangible assets
The term amortization is used when discussing intangible assets

Depreciation, Depletion and Amortization for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $2,146 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Liberty Global  (NAS:LBTYK) Depreciation, Depletion and Amortization Explanation

One of the key tenets of Generally Accepted Accounting Principles (GAAP) is the matching principle. The matching principle states that companies should report associated costs and benefits at the same time.

For example:

If a company buys a $300 million cruise ship in 1982 and then sells tickets to passengers for the next 30 years, the company should not report a $300 million expense in 1982 and then ticket sales for 1982 through 2012. Instead, the company should spread the purchase price of the ship (the cost) over the same time period it sells tickets (the benefit).

To create income statements that meet the matching principle, accountants use an expense called depreciation.

So, instead of reporting a $300 million purchase expense in 1982, the company might:

Report a $30 million depreciation expense in 1982, 1983, 1984...and every year after that for the 30 years the company expects to sell tickets to passengers on this cruise ship.

To calculate depreciation, a company must make estimates and choices such as:

The cost of the asset
The useful life of the asset
The salvage value of the asset at the end of its useful life
And a way of spreading the cost of the asset to match the time when the asset provides benefits

The range of different ways of spreading the cost under GAAP accounting is too long to list. However, public companies in the United States explain their depreciation choices to shareholders in a note to their financial statements. It is critical that investors read this note. Investors can find this note in the company's 10-K.

Past depreciation expenses accumulate on the balance sheet. Most public companies choose not to show this contra asset account on the balance sheet they present to shareholders. Instead, they simply show a single item. This single asset item may be marked Net. Such as Property, Plant, and Equipment - Net. It is actually the asset account netted against the contra asset account.

A contra asset account is an account that offsets an asset account. So, for example a company might have:

Property, Plant, and Equipment - Gross: $150 million
Accumulated Depreciation: $120 million
Property, Plant, and Equipment - Net: $30 million

In this case, the only item likely to be shown on the balance sheet is Property, Plant, and Equipment - Net. This is the cost of the company's property, plant, and equipment (asset account) minus the accumulated depreciation (the contra asset account). It means the company's assets cost $150 million, the company has reported $120 million in depreciation expense over the years, and the company is now reporting the assets have a book value of $30 million.

It is possible for a company to have fully depreciated assets on its balance sheet. This means the company's estimate of the useful life of the asset was shorter than the asset's actual useful life. As a result, the asset - although it is still being used - is carried on the balance sheet at its salvage value.

This is a reminder that depreciation involves estimates and choices. It is not an infallible process.

Companies do not have cash layout for depreciation. Therefore, depreciation is added back in the cash flow statement.

Although depreciation is not a cash cost, it is a real business cost because the company has to pay for the fixed assets when it purchases them. Both Warren Buffett and Charlie Munger hate the idea of EDITDA because depreciation is not included as an expense. Warren Buffett even jokingly said We prefer earnings before everything when criticizing the abuse of EDITDA.


Be Aware

Depreciation estimates make the calculation of net income susceptible to management's accounting choices. These choices can be either overly aggressive or overly conservative.


Liberty Global Depreciation, Depletion and Amortization Related Terms

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Liberty Global Business Description

Address
2 Church Street, Clarendon House, Hamilton, Bermuda, GBR, HM 11
Liberty Global is a holding company with interests in several telecom companies in the U.K., Netherlands, Belgium, Switzerland, Ireland, and Slovakia. Liberty is the owner of the main cable network in each of these geographies and has pursued a strategy since 2016 to merge or partner with mobile-network-operators to be able to offer converged services. Liberty also owns minority stakes in other media, entertainment, and cloud companies.
Executives
Anthony G Werner director 161 HAMMERSMITH ROAD, LONDON X0 X0
Marisa D Drew director 161 HAMMERSMITH ROAD, LONDON X0 XO
Daniel E. Sanchez director C/O DISCOVERY, INC., 8403 COLESVILLE ROAD, SILVER SPRING MD 20910
Berkshire Hathaway Inc 10 percent owner 3555 FARNAM STREET, OMAHA NE 68131
Warren E Buffett 10 percent owner 3555 FARNAM ST, STE 1440, OMAHA NE 68131
Andrea Salvato officer: SVP, CHIEF DEVELOPMENT OFFICER 161 HAMMERSMITH ROAD, LONDON X0 W6 8BS
Enrique Rodriguez officer: EVP, Chief Technology Officer C/O LIBERTY GLOBAL, INC., 1550 WEWATTA STREET STE 1000, DENVER CO 80202
John C Malone director, 10 percent owner 12300 LIBERTY BLVD, ENGLEWOOD CO 80112
Jason Waldron officer: SVP & CAO 1550 WEWATTA STREET STE 1000, DENVER CO 80202
Richard R Green director 1550 WEWATTA STREET, STE 1000, DENVER CO 80202
Michael T Fries director, officer: President & CEO C/O LIBERTY GLOBAL, INC., 1550 WEWATTA STREET STE 1000, DENVER CO 80202
Bracken Charles H R officer: EVP & Co-CFO 161 HAMMERSMITH ROAD, LONDON ENGLAND X0 W6 8BS
Bryan H Hall officer: EVP, Gen Counsel & Secretary C/O LIBERTY GLOBAL, INC., 1550 WEWATTA STREET STE 1000, DENVER CO 80202
Larry E Romrell director 12300 LIBERTY BLVD., ENGLEWOOD CO 80112
Paul A Gould director 711 FIFTH AVENUE, 9TH FLOOR, NEW YORK NY 10022