Quarterly report pursuant to Section 13 or 15(d)

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

v3.19.1
Financial Information for Tracking Stock Groups - Statement of Operations (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Revenue:    
Total revenue $ 2,012 $ 1,517
Cost of services (exclusive of depreciation shown separately below):    
Subscriber acquisition costs 108 123
Other operating expense 82 71
Selling, general and administrative 402 265
Acquisition and other related costs 76  
Depreciation and amortization 248 216
Total operating costs and expenses 1,812 1,290
Operating income (loss) 200 227
Other income (expense):    
Interest expense (159) (150)
Share of earnings (losses) of affiliates, net (20) (8)
Realized and unrealized gains (losses) on financial instruments, net (98) 153
Other, net 8 6
Total other income (expense) (269) 1
Earnings (loss) before income taxes (69) 228
Income tax (expense) benefit (58) (15)
Net earnings (loss) (127) 213
Less net earnings (loss) attributable to the noncontrolling interests 31 82
Net earnings (loss) attributable to Liberty stockholders (158) 131
Liberty Sirius XM Group    
Revenue:    
Total revenue 1,744 1,375
Cost of services (exclusive of depreciation shown separately below):    
Subscriber acquisition costs 108 123
Other operating expense 54 31
Selling, general and administrative 326 202
Acquisition and other related costs 76  
Depreciation and amortization 125 89
Total operating costs and expenses 1,437 979
Operating income (loss) 307 396
Other income (expense):    
Interest expense (102) (97)
Share of earnings (losses) of affiliates, net (4) 1
Realized and unrealized gains (losses) on financial instruments, net 1 58
Other, net 3 5
Total other income (expense) (102) (33)
Earnings (loss) before income taxes 205 363
Income tax (expense) benefit (113) (81)
Net earnings (loss) 92 282
Less net earnings (loss) attributable to the noncontrolling interests 31 82
Net earnings (loss) attributable to Liberty stockholders 61 200
Braves Group    
Revenue:    
Total revenue 22 28
Cost of services (exclusive of depreciation shown separately below):    
Other operating expense 28 40
Selling, general and administrative 30 23
Depreciation and amortization 13 16
Total operating costs and expenses 71 79
Operating income (loss) (49) (51)
Other income (expense):    
Interest expense (7) (6)
Share of earnings (losses) of affiliates, net 2 3
Realized and unrealized gains (losses) on financial instruments, net (2)  
Unrealized gains losses on intergroup interest (26) (5)
Other, net   1
Total other income (expense) (33) (7)
Earnings (loss) before income taxes (82) (58)
Income tax (expense) benefit 11 6
Net earnings (loss) (71) (52)
Net earnings (loss) attributable to Liberty stockholders (71) (52)
Formula One Group    
Revenue:    
Total revenue 246 114
Cost of services (exclusive of depreciation shown separately below):    
Selling, general and administrative 46 40
Depreciation and amortization 110 111
Total operating costs and expenses 304 232
Operating income (loss) (58) (118)
Other income (expense):    
Interest expense (50) (47)
Share of earnings (losses) of affiliates, net (18) (12)
Realized and unrealized gains (losses) on financial instruments, net (97) 95
Unrealized gains losses on intergroup interest 26 5
Other, net 5  
Total other income (expense) (134) 41
Earnings (loss) before income taxes (192) (77)
Income tax (expense) benefit 44 60
Net earnings (loss) (148) (17)
Net earnings (loss) attributable to Liberty stockholders (148) (17)
SIRIUS XM Holdings revenue    
Revenue:    
Total revenue 1,744 1,375
SIRIUS XM Holdings revenue | Liberty Sirius XM Group    
Revenue:    
Total revenue 1,744 1,375
Revenue Share And Royalties    
Cost of services (exclusive of depreciation shown separately below):    
Cost of services 492 310
Revenue Share And Royalties | Liberty Sirius XM Group    
Cost of services (exclusive of depreciation shown separately below):    
Cost of services 492 310
Programming and content    
Cost of services (exclusive of depreciation shown separately below):    
Cost of services 106 101
Programming and content | Liberty Sirius XM Group    
Cost of services (exclusive of depreciation shown separately below):    
Cost of services 106 101
Customer service and billing    
Cost of services (exclusive of depreciation shown separately below):    
Cost of services 113 94
Customer service and billing | Liberty Sirius XM Group    
Cost of services (exclusive of depreciation shown separately below):    
Cost of services 113 94
Other    
Cost of services (exclusive of depreciation shown separately below):    
Cost of services 37 29
Other | Liberty Sirius XM Group    
Cost of services (exclusive of depreciation shown separately below):    
Cost of services 37 29
Formula 1    
Revenue:    
Total revenue 246 114
Cost of services (exclusive of depreciation shown separately below):    
Cost of services 148 81
Formula 1 | Formula One Group    
Revenue:    
Total revenue 246 114
Cost of services (exclusive of depreciation shown separately below):    
Cost of services 148 81
Other    
Revenue:    
Total revenue 22 28
Other | Braves Group    
Revenue:    
Total revenue $ 22 $ 28