Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

v3.22.1
Condensed Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenue:    
Total revenue $ 2,569 $ 2,254
Operating costs and expenses, including stock-based compensation:    
Subscriber acquisition costs 90 86
Other operating expense 90 84
Selling, general and administrative 482 410
Impairment, restructuring and acquisition costs, net of recoveries   245
Depreciation and amortization 260 264
Total operating costs and expenses 2,106 2,112
Operating income (loss) 463 142
Other income (expense):    
Interest expense (157) (158)
Share of earnings (losses) of affiliates, net (14) (95)
Realized and unrealized gains (losses) on financial instruments, net (note 5) 59 (49)
Other, net 45 15
Total other income (expense) (67) (287)
Earnings (loss) before income taxes 396 (145)
Income tax (expense) benefit (100) 131
Net earnings (loss) 296 (14)
Less net earnings (loss) attributable to the noncontrolling interests 65 49
Less net earnings (loss) attributable to redeemable noncontrolling interest (9) 53
Net earnings (loss) attributable to Liberty stockholders 240 (116)
Liberty SiriusXM Group    
Other income (expense):    
Net earnings (loss) attributable to Liberty stockholders $ 288 $ (11)
Basic net earnings (loss) attributable to Liberty stockholders per common share    
Series A, B and C common stock, basic earnings loss per share $ 0.87 $ (0.03)
Diluted net earnings (loss) attributable to Liberty stockholders per common share    
Series A, B and C common stock, diluted earnings loss per share $ 0.82 $ (0.03)
Braves Group    
Other income (expense):    
Net earnings (loss) attributable to Liberty stockholders $ (13) $ (59)
Basic net earnings (loss) attributable to Liberty stockholders per common share    
Series A, B and C common stock, basic earnings loss per share $ (0.25) $ (1.13)
Diluted net earnings (loss) attributable to Liberty stockholders per common share    
Series A, B and C common stock, diluted earnings loss per share $ (0.25) $ (1.13)
Formula One Group    
Other income (expense):    
Net earnings (loss) attributable to Liberty stockholders $ (35) $ (46)
Basic net earnings (loss) attributable to Liberty stockholders per common share    
Series A, B and C common stock, basic earnings loss per share $ (0.15) $ (0.20)
Diluted net earnings (loss) attributable to Liberty stockholders per common share    
Series A, B and C common stock, diluted earnings loss per share $ (0.15) $ (0.20)
Sirius XM Holdings Revenue    
Revenue:    
Total revenue $ 2,186 $ 2,058
Revenue Share And Royalties    
Operating costs and expenses, including stock-based compensation:    
Cost of services 670 640
Programming and content expense    
Operating costs and expenses, including stock-based compensation:    
Cost of services 140 130
Customer service and billing    
Operating costs and expenses, including stock-based compensation:    
Cost of services 125 117
Other cost of subscriber services    
Operating costs and expenses, including stock-based compensation:    
Cost of services 54 52
Primary Formula 1    
Revenue:    
Total revenue 360 180
Operating costs and expenses, including stock-based compensation:    
Cost of services 195 84
Other.    
Revenue:    
Total revenue $ 23 $ 16