Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.22.4
Consolidated Statements of Operations - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenue:      
Total revenue $ 12,164 $ 11,400 $ 9,363
Operating costs and expenses, including stock-based compensation :      
Subscriber acquisition costs 352 325 362
Other operating expenses 719 642 434
Selling, general and administrative 2,031 1,907 1,750
Impairment, restructuring and acquisition costs, net of recoveries 74 20 1,004
Depreciation and amortization 1,044 1,072 1,083
Total operating costs and expenses 10,100 9,423 9,186
Operating income (loss) 2,064 1,977 177
Other income (expense):      
Interest expense (689) (642) (634)
Share of earnings (losses) of affiliates, net 99 (200) (586)
Realized and unrealized gains (losses) on financial instruments, net 599 (451) (402)
Gains (losses) on dilution of investment in affiliate 10 152 4
Other, net 110 (47) 6
Total other income (expense) 129 (1,188) (1,612)
Earnings (loss) before income taxes 2,193 789 (1,435)
Income tax (expense) benefit (164) (45) 44
Net earnings (loss) 2,029 744 (1,391)
Less net earnings (loss) attributable to the noncontrolling interests 227 292 30
Less net earnings (loss) attributable to redeemable noncontrolling interest (13) 54  
Net earnings (loss) attributable to Liberty stockholders 1,815 398 (1,421)
Liberty SiriusXM Group      
Other income (expense):      
Net earnings (loss) attributable to Liberty stockholders $ 1,292 $ 599 $ (747)
Basic net earnings (loss) attributable to Liberty stockholders per common share      
Series A, B and C common stock, basic earnings loss per share $ 3.94 $ 1.79 $ (2.24)
Diluted net earnings (loss) attributable to Liberty stockholders per common share      
Series A, B and C common stock, diluted earnings loss per share $ 3.66 $ 1.78 $ (2.33)
Braves Group      
Other income (expense):      
Net earnings (loss) attributable to Liberty stockholders $ (35) $ (11) $ (78)
Basic net earnings (loss) attributable to Liberty stockholders per common share      
Series A, B and C common stock, basic earnings loss per share $ (0.66) $ (0.21) $ (1.53)
Diluted net earnings (loss) attributable to Liberty stockholders per common share      
Series A, B and C common stock, diluted earnings loss per share $ (0.66) $ (0.21) $ (2.00)
Formula One Group      
Other income (expense):      
Net earnings (loss) attributable to Liberty stockholders $ 558 $ (190) $ (596)
Basic net earnings (loss) attributable to Liberty stockholders per common share      
Series A, B and C common stock, basic earnings loss per share $ 2.39 $ (0.82) $ (2.57)
Diluted net earnings (loss) attributable to Liberty stockholders per common share      
Series A, B and C common stock, diluted earnings loss per share $ 2.15 $ (0.82) $ (2.57)
Sirius XM Holdings Revenue      
Revenue:      
Total revenue $ 9,003 $ 8,696 $ 8,040
Revenue Share And Royalties      
Operating costs and expenses, including stock-based compensation :      
Cost of services 2,802 2,672 2,421
Programming and content      
Operating costs and expenses, including stock-based compensation :      
Cost of services 604 559 481
Customer service and billing      
Operating costs and expenses, including stock-based compensation :      
Cost of services 497 501 481
Other cost of subscriber services      
Operating costs and expenses, including stock-based compensation :      
Cost of services 227 236 196
Formula 1      
Revenue:      
Total revenue 2,573 2,136 1,145
Operating costs and expenses, including stock-based compensation :      
Cost of services 1,750 1,489 974
Other.      
Revenue:      
Total revenue $ 588 $ 568 $ 178