Quarterly report pursuant to Section 13 or 15(d)

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

v3.20.2
Financial Information for Tracking Stock Groups - Statement of Operations (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenue:        
Total revenue $ 2,732 $ 2,856 $ 6,654 $ 7,673
Cost of services (exclusive of depreciation shown separately below):        
Subscriber acquisition costs 110 101 257 313
Other operating expenses 154 223 339 511
Selling, general and administrative 423 440 1,221 1,275
Acquisition and restructuring     24 83
Depreciation and amortization 279 271 812 790
Total operating costs and expenses 2,412 2,349 5,874 6,505
Operating income (loss) 320 507 780 1,168
Other income (expense):        
Interest expense (153) (169) (480) (495)
Share of earnings (losses) of affiliates, net (187) 55 (442) 69
Realized and unrealized gains (losses) on financial instruments, net 16 14 (163) (171)
Other, net (32) (47) (1) (18)
Total other income (expense) (356) (147) (1,086) (615)
Earnings (loss) before income taxes (36) 360 (306) 553
Income tax benefit (expense) (7) (98) 3 (226)
Net earnings (loss) (43) 262 (303) 327
Less net earnings (loss) attributable to the noncontrolling interests 71 69 213 176
Net earnings (loss) attributable to Liberty stockholders (114) 193 (516) 151
Liberty SiriusXM Group        
Revenue:        
Total revenue 2,025 2,011 5,851 5,732
Cost of services (exclusive of depreciation shown separately below):        
Subscriber acquisition costs 110 101 257 313
Other operating expenses 64 78 196 206
Selling, general and administrative 363 363 1,055 1,050
Acquisition and restructuring     24 83
Depreciation and amortization 142 135 432 396
Total operating costs and expenses 1,574 1,557 4,575 4,558
Operating income (loss) 451 454 1,276 1,174
Other income (expense):        
Interest expense (116) (115) (347) (326)
Intergroup interest (expense) income     (7)  
Share of earnings (losses) of affiliates, net (183) (7) (331) (18)
Realized and unrealized gains (losses) on financial instruments, net (39) (10) (228) 6
Unrealized gains/( loss) on inter-group interests 25   92  
Other, net (36) (51) (19) (42)
Total other income (expense) (349) (183) (840) (380)
Earnings (loss) before income taxes 102 271 436 794
Income tax benefit (expense) (22) (63) (88) (251)
Net earnings (loss) 80 208 348 543
Less net earnings (loss) attributable to the noncontrolling interests 68 68 210 175
Net earnings (loss) attributable to Liberty stockholders 12 140 138 368
Braves Group        
Revenue:        
Total revenue 110 212 143 442
Cost of services (exclusive of depreciation shown separately below):        
Other operating expenses 90 145 143 305
Selling, general and administrative 17 26 39 77
Depreciation and amortization 19 20 54 54
Total operating costs and expenses 126 191 236 436
Operating income (loss) (16) 21 (93) 6
Other income (expense):        
Interest expense (6) (6) (19) (20)
Share of earnings (losses) of affiliates, net (5) 4 (2) 13
Realized and unrealized gains (losses) on financial instruments, net   (2) (10) (6)
Unrealized gains/( loss) on inter-group interests (10) 2 78 (26)
Other, net (1)   (1) 1
Total other income (expense) (22) (2) 46 (38)
Earnings (loss) before income taxes (38) 19 (47) (32)
Income tax benefit (expense) 7 (7) 31 (1)
Net earnings (loss) (31) 12 (16) (33)
Net earnings (loss) attributable to Liberty stockholders (31) 12 (16) (33)
Formula One Group        
Revenue:        
Total revenue 597 633 660 1,499
Cost of services (exclusive of depreciation shown separately below):        
Selling, general and administrative 43 51 127 148
Depreciation and amortization 118 116 326 340
Total operating costs and expenses 712 601 1,063 1,511
Operating income (loss) (115) 32 (403) (12)
Other income (expense):        
Interest expense (31) (48) (114) (149)
Intergroup interest (expense) income     7  
Share of earnings (losses) of affiliates, net 1 58 (109) 74
Realized and unrealized gains (losses) on financial instruments, net 55 26 75 (171)
Unrealized gains/( loss) on inter-group interests (15) (2) (170) 26
Other, net 5 4 19 23
Total other income (expense) 15 38 (292) (197)
Earnings (loss) before income taxes (100) 70 (695) (209)
Income tax benefit (expense) 8 (28) 60 26
Net earnings (loss) (92) 42 (635) (183)
Less net earnings (loss) attributable to the noncontrolling interests 3 1 3 1
Net earnings (loss) attributable to Liberty stockholders (95) 41 (638) (184)
Sirius XM Holdings Revenue        
Revenue:        
Total revenue 2,025 2,011 5,851 5,732
Sirius XM Holdings Revenue | Liberty SiriusXM Group        
Revenue:        
Total revenue 2,025 2,011 5,851 5,732
Revenue Share And Royalties        
Cost of services (exclusive of depreciation shown separately below):        
Cost of services 602 592 1,759 1,684
Revenue Share And Royalties | Liberty SiriusXM Group        
Cost of services (exclusive of depreciation shown separately below):        
Cost of services 602 592 1,759 1,684
Programming and content        
Cost of services (exclusive of depreciation shown separately below):        
Cost of services 123 116 351 338
Programming and content | Liberty SiriusXM Group        
Cost of services (exclusive of depreciation shown separately below):        
Cost of services 123 116 351 338
Customer service and billing        
Cost of services (exclusive of depreciation shown separately below):        
Cost of services 119 120 359 352
Customer service and billing | Liberty SiriusXM Group        
Cost of services (exclusive of depreciation shown separately below):        
Cost of services 119 120 359 352
Other        
Cost of services (exclusive of depreciation shown separately below):        
Cost of services 51 52 142 136
Other | Liberty SiriusXM Group        
Cost of services (exclusive of depreciation shown separately below):        
Cost of services 51 52 142 136
Primary Formula 1        
Revenue:        
Total revenue 597 633 660 1,499
Cost of services (exclusive of depreciation shown separately below):        
Cost of services 551 434 610 1,023
Primary Formula 1 | Formula One Group        
Revenue:        
Total revenue 597 633 660 1,499
Cost of services (exclusive of depreciation shown separately below):        
Cost of services 551 434 610 1,023
Other        
Revenue:        
Total revenue 110 212 143 442
Other | Braves Group        
Revenue:        
Total revenue $ 110 $ 212 $ 143 $ 442