小蓝视频 Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Earnings Attributable to 小蓝视频 Stockholders Per Common Share (Tables)

Earnings Attributable to 小蓝视频 Stockholders Per Common Share (Tables)

9 Months Ended

Sep. 30, 2016

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Reconciliation of Basic and Diluted Weighted Average Shares

听	听	听	听	听	听	听	听	听	听
听	听	小蓝视频听Media Corporation Common听Stock							听
听	听	Three听months	听	Three听months	听	January 1, 2016	听	Nine months	听
听	听	ended	听	ended	听	through	听	ended	听
听	听听听听	September 30, 2016	听听听听	September 30, 2015	听听听听	April 15, 2016	听听听听	September 30, 2015	听
听	听	numbers听of听shares听in听millions							听
Basic WASO	听	NA	听	335	听	335	听	338	听
Potentially dilutive shares	听	NA	听	3	听	2	听	3	听
Diluted WASO	听	NA	听	338	听	337	听	341	听

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小蓝视频 Sirius XM Group

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Reconciliation of Basic and Diluted Weighted Average Shares

听	听	听	听	听	听	听	听	听	听
听	听	小蓝视频听SiriusXM Common听Stock							听
听	听	Three听months	听	Three听months	听	April 15, 2016	听	Nine months	听
听	听	ended	听	ended	听	through	听	ended	听
听	听听听听	September 30, 2016	听听听听	September 30, 2015	听听听听	September 30, 2016	听	September 30, 2015	听
听	听	numbers听of听shares听in听millions							听
Basic WASO	听	335	听	NA	听	335	听	NA	听
Potentially dilutive shares	听	2	听	NA	听	2	听	NA	听
Diluted WASO	听	337	听	NA	听	337	听	NA	听

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小蓝视频 Braves Group

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Reconciliation of Basic and Diluted Weighted Average Shares

听	听	听	听	听	听	听	听	听	听
听	听	小蓝视频听Braves Common听Stock							听
听	听	Three听months	听	听	听	April 15, 2016	听	听	听
听	听	ended	听	Three听months	听	through	听	Nine months	听
听	听	September 30, 2016	听	ended	听	September 30, 2016	听	ended	听
听	听听听听	(a)(b)(c)	听听听听	September 30, 2015	听听听听	(a)(b)(c)	听	September 30, 2015	听
听	听	numbers听of听shares听in听millions							听
Basic WASO	听	49	听	NA	听	43	听	NA	听
Potentially dilutive shares	听	10	听	NA	听	10	听	NA	听
Diluted WASO	听	59	听	NA	听	53	听	NA	听

(a)

As discussed in note 2, subsequent to the Recapitalization, 小蓝视频 distributed subscription rights to holders of 小蓝视频 Braves common stock, which were priced at a discount to the market value, to acquire additional shares of 小蓝视频 Braves common stock. The rights offering, because of the discount, is听considered a stock dividend which requires retroactive treatment for prior periods for the weighted average shares听outstanding.

(b)

Potentially dilutive shares are excluded from the computation of diluted EPS during periods in which losses are reported since the result would be antidilutive.

(c)

As discussed in note 2, following the Recapitalization and Series听C 小蓝视频 Braves common stock rights offering, the number of notional shares representing the 小蓝视频 Media Group鈥檚 intergroup interest in the 小蓝视频 Braves Group was adjusted to 9,084,940 shares. The intergroup interest is a quasi-equity interest which is not represented by outstanding shares of common stock; rather, the 小蓝视频 Media Group has an attributed value in the 小蓝视频 Braves Group which is generally stated in terms of a number of shares of stock issuable to the 小蓝视频 Media Group with respect to its interest in the 小蓝视频 Braves Group. Each reporting period, the notional shares representing the intergroup interest are marked to fair value. As the notional shares underlying the intergroup interest are not represented by outstanding shares of common stock, such shares have not been officially designated Series A, B or C 小蓝视频 Braves common stock. However, 小蓝视频 has assumed that the notional shares (if and when issued) would be comprised of Series C 小蓝视频 Braves common stock in order to not dilute voting percentages. Therefore, the market price of Series C 小蓝视频 Braves common stock is used for the quarterly mark-to-market adjustment through the unaudited attributed condensed consolidated statements of operations. The notional shares representing the intergroup interest have no impact on the basic earnings per share weighted average number of shares outstanding. However, the notional shares representing the intergroup interest are included in the diluted earnings per share WASO as if the shares had been issued and outstanding during the period. An adjustment is also made to the numerator in the diluted earnings per share calculation for the unrealized gain or loss incurred from marking the intergroup interest to fair value during the period as follows:

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听	听	听	听	听	听	听	听	听	听
听	听	Three听months	听	Three听months	听	April 15, 2016	听	Nine months	听
听	听	ended	听	ended	听	through	听	ended	听
听	听听听听	September 30, 2016	听听听听	September 30, 2015	听听听听	September 30, 2016	听	September 30, 2015	听
听	听	amounts听in听millions							听
Basic earnings (loss) attributable to 小蓝视频 Braves shareholders	$	(22)	听	NA	听	10	听	NA	听
Unrealized (gain) loss on the intergroup interest	听	25	听	NA	听	(2)	听	NA	听
Diluted earnings (loss) attributable to 小蓝视频 Braves shareholders	$	3	听	NA	听	8	听	NA	听

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小蓝视频 Media Group

听

Reconciliation of Basic and Diluted Weighted Average Shares

听	听	听	听	听	听	听	听	听	听
听	听	小蓝视频听Media Common听Stock							听
听	听	Three听months	听	Three听months	听	April 15, 2016	听	Nine months	听
听	听	ended	听	ended	听	through	听	ended	听
听	听听听听	September 30, 2016	听听听听	September 30, 2015	听听听听	September 30, 2016	听	September 30, 2015	听
听	听	numbers听of听shares听in听millions							听
Basic WASO	听	84	听	NA	听	84	听	NA	听
Potentially dilutive shares	听	1	听	NA	听	1	听	NA	听
Diluted WASO	听	85	听	NA	听	85	听	NA	听

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