2016 Annual Report on Form 10-K/A Omits Certain Items
Total Page:16
File Type:pdf, Size:1020Kb
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 10-K/A (As Amended by Amendment No. 1) ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2016 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-35961 Liberty Global plc (Exact name of Registrant as specified in its charter) England and Wales 98-1112770 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) Griffin House, 161 Hammersmith Rd, London, United Kingdom W6 8BS (Address of principal executive offices) (Zip Code) Registrant’s telephone number, including area code: +44.208.483.6449 or 303.220.6600 Securities registered pursuant to Section 12(b) of the Act: Title of Each Class Name of Each Exchange on Which Registered Liberty Global Class A Ordinary Share, nominal value $0.01 per share NASDAQ Global Select Market Liberty Global Class B Ordinary Shares, nominal value $0.01 per NASDAQ Global Select Market Liberty Global Class C Ordinary Shares, nominal value $0.01 per NASDAQ Global Select Market LiLAC Class A Ordinary Share, nominal value $0.01 per share NASDAQ Global Select Market LiLAC Class B Ordinary Shares, nominal value $0.01 per share OTC Link LiLAC Class C Ordinary Shares, nominal value $0.01 per share NASDAQ Global Select Market Securities registered pursuant to Section 12(g) of the Act: none Indicate by check mark if the Registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes No Indicate by check mark if the Registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes No Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months and (2) has been subject to such filing requirements for the past 90 days. Yes No Indicate by check mark whether the Registrant has submitted electronically and posted on its corporate website, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months. Yes No Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein, and will not be contained, to the best of registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or a smaller reporting company. See definition of “large accelerated filer, accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. Check one: Large Accelerated Filer Accelerated Filer Non-Accelerated Filer Smaller Reporting Company Indicate by check mark whether the registrant is a shell company as defined in Rule 12b-2 of the Exchange Act. Yes No State the aggregate market value of the voting and non-voting common equity held by non-affiliates, computed by reference to the price at which the common equity was last sold, or the average bid and ask price of such common equity, as of the last business day of the registrant’s most recently completed second fiscal quarter: $27.6 billion. The number of outstanding ordinary shares of Liberty Global plc as of February 10, 2017 was: Class A Class B Class C Liberty Global ordinary shares ............................................................... 253,429,669 10,805,850 630,706,163 LiLAC ordinary shares ........................................................................... 50,199,758 1,888,323 120,649,072 DOCUMENTS INCORPORATED BY REFERENCE Portions of the definitive proxy statement for the Registrant’s 2017 Annual General Meeting of Shareholders are incorporated by reference in Part III of this Form 10-K. ** This copy of our 2016 Annual Report on Form 10-K/A omits certain items. See Table of Contents for additional information ** LIBERTY GLOBAL PLC 2016 ANNUAL REPORT ON FORM 10-K/A TABLE OF CONTENTS Page Number PART I Item 1. Business ........................................................................................................................................................ I-1 Item 1A. Risk Factors................................................................................................................................................... I-55 Item 1B. Unresolved Staff Comments ......................................................................................................................... I-71 Item 2. Properties ...................................................................................................................................................... I-71 Item 3. Legal Proceedings ......................................................................................................................................... I-71 Item 4. Mine Safety Disclosures ............................................................................................................................... I-71 PART II Item 5. Market for Registrant’s Common Equity, Related Shareholder Matters and Issuer Purchases of Equity Securities ................................................................................................................................................... II-1 Item 6. Selected Financial Data................................................................................................................................. II-6 Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations ....................... II-8 Item 7A. Quantitative and Qualitative Disclosures About Market Risk ...................................................................... II-86 Item 8. Financial Statements and Supplementary Data............................................................................................. II-92 Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure ....................... II-92 Item 9A. Controls and Procedures ............................................................................................................................... II-92 Item 9B. Other Information ......................................................................................................................................... II-92 PART III Item 10. Directors, Executive Officers and Corporate Governance............................................................................ III-1 Item 11. Executive Compensation............................................................................................................................... III-1 Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Shareholder Matters..... III-1 Item 13. Certain Relationships and Related Transactions, and Director Independence.............................................. III-1 Item 14. Principal Accountant Fees and Services ....................................................................................................... III-1 PART IV Item 15. Exhibits, Financial Statement Schedules ...................................................................................................... IV-1 Item 16. Form 10-K Summary .................................................................................................................................... IV-7 * This copy of our Annual Report on Form 10-K/A includes Exhibit 99.1 (attributed financial information) but omits all other exhibits and financial statement schedules that are included in Part IV of our complete Annual Report on Form 10-K/A, as filed with the Securities and Exchange Commission on February 15, 2017 and amended on March 28, 2017. A complete copy of our 2016 Annual Report on Form 10- K/A that includes the omitted financial statement schedules is available on request. (THIS PAGE INTENTIONALLY LEFT BLANK) PART I Item 1. BUSINESS Who We Are We are Liberty Global plc (Liberty Global), the world's largest international television and broadband company— investing, innovating and empowering our customers to be a part of the digital revolution. We are investing in the communication highways of our age. These investments include acquisitions, network extensions and expansion, technology upgrades and our initiatives to engage our people, our customers and the communities in which we operate. Our investments put us at the center of the digital revolution and allow us to drive global innovation through new products, opportunities and applications. We are innovating through technology by building a strong convergence of fixed and mobile communication opportunities reaching gigabit speeds. It is through our operations that we bring the benefits of our global innovation to life. We empower our customers with quality services and products that give them the freedom to connect, converse, work and be entertained anytime, anywhere they choose. We believe our enhanced digital products and services will deliver customer satisfaction, enhance our revenue streams and generate cost savings—the goals of our “Liberty GO” program. For further information on Liberty GO, see Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations-Overview included in Part II