| Schedule of balance sheet and income statement of discontinued operations |
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December 31, 2023 |
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|
amounts in millions |
|
Assets |
|
|
|
|
Current assets |
|
$ |
1,361 |
|
Investments in affiliates, accounted for using the equity method |
|
|
715 |
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Property and equipment, net |
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|
1,245 |
|
Intangible assets not subject to amortization |
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|
25,051 |
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Intangible assets subject to amortization, net |
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|
1,014 |
|
Other assets |
|
|
515 |
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Total assets |
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$ |
29,901 |
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|
|
|
|
|
Liabilities |
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|
|
|
Accounts payable and accrued liabilities |
|
$ |
1,536 |
|
Current portion of debt |
|
|
1,074 |
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Other current liabilities |
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|
1,266 |
|
Long-term debt |
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|
10,063 |
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Deferred income tax liabilities |
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|
2,245 |
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Other liabilities |
|
|
526 |
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Total liabilities |
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$ |
16,710 |
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Years ended December 31, |
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|
|
2024 |
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2023 |
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2022 |
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|
|
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amounts in millions |
|
Revenue |
|
$ |
6,004 |
|
8,953 |
|
9,003 |
|
Cost of Sirius XM Holdings services (exclusive of depreciation shown separately below) |
|
|
2,852 |
|
4,209 |
|
4,130 |
|
Operating expense |
|
|
461 |
|
681 |
|
637 |
|
Selling, general and administrative |
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|
1,030 |
|
1,534 |
|
1,638 |
|
Impairment, restructuring and acquisition costs |
|
|
3,339 |
|
66 |
|
68 |
|
Depreciation and amortization |
|
|
421 |
|
624 |
|
611 |
|
Litigation settlements, net of recoveries |
|
|
— |
|
31 |
|
— |
|
|
|
|
8,103 |
|
7,145 |
|
7,084 |
|
Operating income (loss) |
|
|
(2,099) |
|
1,808 |
|
1,919 |
|
Other income (expense): |
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|
|
|
|
|
|
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Interest expense |
|
|
(349) |
|
(534) |
|
(503) |
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Other, net |
|
|
122 |
|
(64) |
|
70 |
|
|
|
|
(227) |
|
(598) |
|
(433) |
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Earnings (loss) from discontinued operations before income taxes |
|
|
(2,326) |
|
1,210 |
|
1,486 |
|
Income tax (expense) benefit |
|
|
(86) |
|
(224) |
|
(366) |
|
Net earnings (loss) from discontinued operations |
|
|
(2,412) |
|
986 |
|
1,120 |
|
Less net earnings (loss) from discontinued operations attributable to the noncontrolling interests |
|
|
(410) |
|
202 |
|
210 |
|
Net earnings (loss) from discontinued operations attributable to Liberty stockholders |
|
$ |
(2,002) |
|
784 |
|
910 |
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