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 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenue:        
Total revenue $ 1,909 $ 2,805 $ 3,922 $ 4,817
Cost of services (exclusive of depreciation shown separately below):        
Subscriber acquisition costs 48 104 147 212
Other operating expenses 85 203 185 288
Selling, general and administrative 390 436 798 835
Acquisition and restructuring 24 7 24 83
Depreciation and amortization 266 271 533 519
Total operating costs and expenses 1,695 2,344 3,462 4,156
Operating income (loss) 214 461 460 661
Other income (expense):        
Interest expense (163) (167) (327) (326)
Share of earnings (losses) of affiliates, net (193) 34 (255) 14
Realized and unrealized gains (losses) on financial instruments, net (180) (87) (179) (185)
Other, net 14 21 31 29
Total other income (expense) (522) (199) (730) (468)
Earnings (loss) before income taxes (308) 262 (270) 193
Income tax benefit (expense) 46 (70) 10 (128)
Net earnings (loss) (262) 192 (260) 65
Less net earnings (loss) attributable to the noncontrolling interests 64 76 142 107
Net earnings (loss) attributable to Liberty stockholders (326) 116 (402) (42)
Liberty SiriusXM Group        
Revenue:        
Total revenue 1,874 1,977 3,826 3,721
Cost of services (exclusive of depreciation shown separately below):        
Subscriber acquisition costs 48 104 147 212
Other operating expenses 61 74 132 128
Selling, general and administrative 350 361 692 687
Acquisition and restructuring 24 7 24 83
Depreciation and amortization 142 136 290 261
Total operating costs and expenses 1,491 1,564 3,001 3,001
Operating income (loss) 383 413 825 720
Other income (expense):        
Interest expense (120) (109) (231) (211)
Intergroup interest (expense) income (7)   (7)  
Share of earnings (losses) of affiliates, net (146) (7) (148) (11)
Realized and unrealized gains (losses) on financial instruments, net (184) 15 (189) 16
Unrealized gains/( loss) on inter-group interests 36   67  
Other, net 4 6 17 9
Total other income (expense) (417) (95) (491) (197)
Earnings (loss) before income taxes (34) 318 334 523
Income tax benefit (expense) 10 (75) (66) (188)
Net earnings (loss) (24) 243 268 335
Less net earnings (loss) attributable to the noncontrolling interests 64 76 142 107
Net earnings (loss) attributable to Liberty stockholders (88) 167 126 228
Braves Group        
Revenue:        
Total revenue 11 208 33 230
Cost of services (exclusive of depreciation shown separately below):        
Other operating expenses 24 129 53 160
Selling, general and administrative   24 22 51
Depreciation and amortization 20 21 35 34
Total operating costs and expenses 44 174 110 245
Operating income (loss) (33) 34 (77) (15)
Other income (expense):        
Interest expense (6) (7) (13) (14)
Share of earnings (losses) of affiliates, net (1) 7 3 9
Realized and unrealized gains (losses) on financial instruments, net (1) (2) (10) (4)
Unrealized gains/( loss) on inter-group interests (7) (2) 88 (28)
Other, net 1 1   1
Total other income (expense) (14) (3) 68 (36)
Earnings (loss) before income taxes (47) 31 (9) (51)
Income tax benefit (expense) 9 (5) 24 6
Net earnings (loss) (38) 26 15 (45)
Net earnings (loss) attributable to Liberty stockholders (38) 26 15 (45)
Formula One Group        
Revenue:        
Total revenue 24 620 63 866
Cost of services (exclusive of depreciation shown separately below):        
Selling, general and administrative 40 51 84 97
Depreciation and amortization 104 114 208 224
Total operating costs and expenses 160 606 351 910
Operating income (loss) (136) 14 (288) (44)
Other income (expense):        
Interest expense (37) (51) (83) (101)
Intergroup interest (expense) income 7   7  
Share of earnings (losses) of affiliates, net (46) 34 (110) 16
Realized and unrealized gains (losses) on financial instruments, net 5 (100) 20 (197)
Unrealized gains/( loss) on inter-group interests (29) 2 (155) 28
Other, net 9 14 14 19
Total other income (expense) (91) (101) (307) (235)
Earnings (loss) before income taxes (227) (87) (595) (279)
Income tax benefit (expense) 27 10 52 54
Net earnings (loss) (200) (77) (543) (225)
Net earnings (loss) attributable to Liberty stockholders (200) (77) (543) (225)
Sirius XM Holdings Revenue        
Revenue:        
Total revenue 1,874 1,977 3,826 3,721
Sirius XM Holdings Revenue | Liberty SiriusXM Group        
Revenue:        
Total revenue 1,874 1,977 3,826 3,721
Revenue Share And Royalties        
Cost of services (exclusive of depreciation shown separately below):        
Cost of services 587 600 1,157 1,092
Revenue Share And Royalties | Liberty SiriusXM Group        
Cost of services (exclusive of depreciation shown separately below):        
Cost of services 587 600 1,157 1,092
Programming and content        
Cost of services (exclusive of depreciation shown separately below):        
Cost of services 110 116 228 222
Programming and content | Liberty SiriusXM Group        
Cost of services (exclusive of depreciation shown separately below):        
Cost of services 110 116 228 222
Customer service and billing        
Cost of services (exclusive of depreciation shown separately below):        
Cost of services 122 119 240 232
Customer service and billing | Liberty SiriusXM Group        
Cost of services (exclusive of depreciation shown separately below):        
Cost of services 122 119 240 232
Other        
Cost of services (exclusive of depreciation shown separately below):        
Cost of services 47 47 91 84
Other | Liberty SiriusXM Group        
Cost of services (exclusive of depreciation shown separately below):        
Cost of services 47 47 91 84
Primary Formula 1        
Revenue:        
Total revenue 24 620 63 866
Cost of services (exclusive of depreciation shown separately below):        
Cost of services 16 441 59 589
Primary Formula 1 | Formula One Group        
Revenue:        
Total revenue 24 620 63 866
Cost of services (exclusive of depreciation shown separately below):        
Cost of services 16 441 59 589
Other        
Revenue:        
Total revenue 11 208 33 230
Other | Braves Group        
Revenue:        
Total revenue $ 11 $ 208 $ 33 $ 230