Quarterly report pursuant to Section 13 or 15(d)

Financial Information for Tracking Stock Groups - Statement of Operations (Details)

v3.22.1
Financial Information for Tracking Stock Groups - Statement of Operations (Details) - 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 59 (49)
Other, net 45 15
Total other income (expense) (67) (287)
Earnings (loss) before income taxes 396 (145)
Income tax benefit (expense) (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    
Revenue:    
Total revenue 2,186 2,058
Operating costs and expenses, including stock-based compensation:    
Subscriber acquisition costs 90 86
Other operating expense 67 64
Selling, general and administrative 404 346
Impairment, restructuring and acquisition costs, net of recoveries   245
Depreciation and amortization 152 149
Total operating costs and expenses 1,702 1,829
Operating income (loss) 484 229
Other income (expense):    
Interest expense (122) (120)
Share of earnings (losses) of affiliates, net (18) (113)
Realized and unrealized gains (losses) on financial instruments, net 61 (86)
Unrealized gains/( loss) on inter-group interests 20 10
Other, net 20 11
Total other income (expense) (39) (298)
Earnings (loss) before income taxes 445 (69)
Income tax benefit (expense) (101) 107
Net earnings (loss) 344 38
Less net earnings (loss) attributable to the noncontrolling interests 56 49
Net earnings (loss) attributable to Liberty stockholders 288 (11)
Braves Group    
Revenue:    
Total revenue 23 16
Operating costs and expenses, including stock-based compensation:    
Other operating expense 23 20
Selling, general and administrative 22 21
Depreciation and amortization 18 15
Total operating costs and expenses 63 56
Operating income (loss) (40) (40)
Other income (expense):    
Interest expense (6) (6)
Share of earnings (losses) of affiliates, net 4 3
Realized and unrealized gains (losses) on financial instruments, net 5 2
Unrealized gains/( loss) on inter-group interests 1 (28)
Other, net 20 (1)
Total other income (expense) 24 (30)
Earnings (loss) before income taxes (16) (70)
Income tax benefit (expense) 3 11
Net earnings (loss) (13) (59)
Net earnings (loss) attributable to Liberty stockholders (13) (59)
Formula One Group    
Revenue:    
Total revenue 360 180
Operating costs and expenses, including stock-based compensation:    
Selling, general and administrative 56 43
Depreciation and amortization 90 100
Total operating costs and expenses 341 227
Operating income (loss) 19 (47)
Other income (expense):    
Interest expense (29) (32)
Share of earnings (losses) of affiliates, net   15
Realized and unrealized gains (losses) on financial instruments, net (7) 35
Unrealized gains/( loss) on inter-group interests (21) 18
Other, net 5 5
Total other income (expense) (52) 41
Earnings (loss) before income taxes (33) (6)
Income tax benefit (expense) (2) 13
Net earnings (loss) (35) 7
Less net earnings (loss) attributable to the noncontrolling interests 9  
Less net earnings (loss) attributable to redeemable noncontrolling interest (9) 53
Net earnings (loss) attributable to Liberty stockholders (35) (46)
Sirius XM Holdings Revenue    
Revenue:    
Total revenue 2,186 2,058
Sirius XM Holdings Revenue | Liberty SiriusXM Group    
Revenue:    
Total revenue 2,186 2,058
Revenue Share And Royalties    
Operating costs and expenses, including stock-based compensation:    
Cost of services 670 640
Revenue Share And Royalties | Liberty SiriusXM Group    
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
Programming and content expense | Liberty SiriusXM Group    
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
Customer service and billing | Liberty SiriusXM Group    
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
Other cost of subscriber services | Liberty SiriusXM Group    
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
Primary Formula 1 | Formula One Group    
Revenue:    
Total revenue 360 180
Operating costs and expenses, including stock-based compensation:    
Cost of services 195 84
Other.    
Revenue:    
Total revenue 23 16
Other. | Braves Group    
Revenue:    
Total revenue $ 23 $ 16