Quarterly report pursuant to Section 13 or 15(d)

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

v3.22.2
Financial Information for Tracking Stock Groups - Statement of Operations (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenue:        
Total revenue $ 3,258 $ 2,876 $ 5,827 $ 5,130
Operating costs and expenses, including stock-based compensation:        
Subscriber acquisition costs 91 89 181 175
Other operating expense 247 208 337 292
Selling, general and administrative 520 445 1,002 855
Impairment, restructuring and acquisition costs, net of recoveries 1 (137) 1 108
Depreciation and amortization 262 268 522 532
Total operating costs and expenses 2,702 2,254 4,808 4,366
Operating income (loss) 556 622 1,019 764
Other income (expense):        
Interest expense (161) (158) (318) (316)
Share of earnings (losses) of affiliates, net 61 (48) 47 (143)
Realized and unrealized gains (losses) on financial instruments, net 380 155 439 106
Other, net 22 13 67 28
Total other income (expense) 302 (38) 235 (325)
Earnings (loss) before income taxes 858 584 1,254 439
Income tax benefit (expense) (184) (56) (284) 75
Net earnings (loss) 674 528 970 514
Less net earnings (loss) attributable to the noncontrolling interests 53 111 118 160
Less net earnings (loss) attributable to redeemable noncontrolling interest (1)   (10) 53
Net earnings (loss) attributable to Liberty stockholders 622 417 862 301
Liberty SiriusXM Group        
Revenue:        
Total revenue 2,254 2,159 4,440 4,217
Operating costs and expenses, including stock-based compensation:        
Subscriber acquisition costs 91 89 181 175
Other operating expense 72 66 139 130
Selling, general and administrative 419 374 823 720
Impairment, restructuring and acquisition costs, net of recoveries 1 (137) 1 108
Depreciation and amortization 152 150 304 299
Total operating costs and expenses 1,782 1,525 3,484 3,354
Operating income (loss) 472 634 956 863
Other income (expense):        
Interest expense (125) (123) (247) (243)
Share of earnings (losses) of affiliates, net 54 (70) 36 (183)
Realized and unrealized gains (losses) on financial instruments, net 296 86 357  
Unrealized gains/( loss) on inter-group interests (35) 22 (15) 32
Other, net 4 8 24 19
Total other income (expense) 194 (77) 155 (375)
Earnings (loss) before income taxes 666 557 1,111 488
Income tax benefit (expense) (168) (125) (269) (18)
Net earnings (loss) 498 432 842 470
Less net earnings (loss) attributable to the noncontrolling interests 51 95 107 144
Net earnings (loss) attributable to Liberty stockholders 447 337 735 326
Braves Group        
Revenue:        
Total revenue 260 216 283 232
Operating costs and expenses, including stock-based compensation:        
Other operating expense 175 142 198 162
Selling, general and administrative 33 24 55 45
Depreciation and amortization 17 19 35 34
Total operating costs and expenses 225 185 288 241
Operating income (loss) 35 31 (5) (9)
Other income (expense):        
Interest expense (6) (6) (12) (12)
Share of earnings (losses) of affiliates, net 8 8 12 11
Realized and unrealized gains (losses) on financial instruments, net 1 (1) 6 1
Unrealized gains/( loss) on inter-group interests 35 1 36 (27)
Other, net 1 1 21  
Total other income (expense) 39 3 63 (27)
Earnings (loss) before income taxes 74 34 58 (36)
Income tax benefit (expense) (10) (9) (7) 2
Net earnings (loss) 64 25 51 (34)
Net earnings (loss) attributable to Liberty stockholders 64 25 51 (34)
Formula One Group        
Revenue:        
Total revenue 744 501 1,104 681
Operating costs and expenses, including stock-based compensation:        
Selling, general and administrative 68 47 124 90
Depreciation and amortization 93 99 183 199
Total operating costs and expenses 695 544 1,036 771
Operating income (loss) 49 (43) 68 (90)
Other income (expense):        
Interest expense (30) (29) (59) (61)
Share of earnings (losses) of affiliates, net (1) 14 (1) 29
Realized and unrealized gains (losses) on financial instruments, net 83 70 76 105
Unrealized gains/( loss) on inter-group interests   (23) (21) (5)
Other, net 17 4 22 9
Total other income (expense) 69 36 17 77
Earnings (loss) before income taxes 118 (7) 85 (13)
Income tax benefit (expense) (6) 78 (8) 91
Net earnings (loss) 112 71 77 78
Less net earnings (loss) attributable to the noncontrolling interests 2 16 11 16
Less net earnings (loss) attributable to redeemable noncontrolling interest (1)   (10) 53
Net earnings (loss) attributable to Liberty stockholders 111 55 76 9
Sirius XM Holdings Revenue        
Revenue:        
Total revenue 2,254 2,159 4,440 4,217
Sirius XM Holdings Revenue | Liberty SiriusXM Group        
Revenue:        
Total revenue 2,254 2,159 4,440 4,217
Revenue Share And Royalties        
Operating costs and expenses, including stock-based compensation:        
Cost of services 711 663 1,381 1,303
Revenue Share And Royalties | Liberty SiriusXM Group        
Operating costs and expenses, including stock-based compensation:        
Cost of services 711 663 1,381 1,303
Programming and content expense        
Operating costs and expenses, including stock-based compensation:        
Cost of services 152 135 292 265
Programming and content expense | Liberty SiriusXM Group        
Operating costs and expenses, including stock-based compensation:        
Cost of services 152 135 292 265
Customer service and billing        
Operating costs and expenses, including stock-based compensation:        
Cost of services 126 127 251 244
Customer service and billing | Liberty SiriusXM Group        
Operating costs and expenses, including stock-based compensation:        
Cost of services 126 127 251 244
Other cost of subscriber services        
Operating costs and expenses, including stock-based compensation:        
Cost of services 58 58 112 110
Other cost of subscriber services | Liberty SiriusXM Group        
Operating costs and expenses, including stock-based compensation:        
Cost of services 58 58 112 110
Primary Formula 1        
Revenue:        
Total revenue 744 501 1,104 681
Operating costs and expenses, including stock-based compensation:        
Cost of services 534 398 729 482
Primary Formula 1 | Formula One Group        
Revenue:        
Total revenue 744 501 1,104 681
Operating costs and expenses, including stock-based compensation:        
Cost of services 534 398 729 482
Other.        
Revenue:        
Total revenue 260 216 283 232
Other. | Braves Group        
Revenue:        
Total revenue $ 260 $ 216 $ 283 $ 232