Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements Of Operations

v3.7.0.1
Consolidated Statements Of Operations - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Revenue:    
Subscriber revenue $ 1,078 $ 1,009
Formula 1 revenue 96  
Other revenue 221 195
Total Revenue 1,395 1,204
Revenue share and royalties 277 252
Programming and content 96 85
Customer service and billing 97 97
Other 27 33
Cost of Formula 1 revenue 68  
Subscriber acquisition costs 127 132
Other operating expense 41 47
Selling, general and administrative 239 201
Legal settlement, net   (511)
Depreciation and amortization 164 87
Total operating costs and expenses 1,136 423
Operating income (loss) 259 781
Other income (expense):    
Interest expense (140) (84)
Share of earnings (losses) of affiliates, net (4) (12)
Realized and unrealized gains (losses) on financial instruments, net (12) (8)
Other, net 17 7
Total other income (expense) (139) (97)
Earnings (loss) from continuing operations before income taxes 120 684
Income tax (expense) benefit (76) (257)
Net earnings (loss) 44 427
Less net earnings (losses) attributable to the noncontrolling interests 65 63
Net earnings (loss) attributable to Liberty stockholders (21) 364
Liberty Media Corporation    
Other income (expense):    
Net earnings (loss) attributable to Liberty stockholders   $ 364
Basic net earnings (loss) attributable to Liberty stockholders per common share    
Series A, B and C common stock, basic earnings loss per share   $ 1.09
Diluted net earnings (loss) attributable to Liberty stockholders per common share    
Series A, B and C common stock, diluted earnings loss per share   $ 1.08
Liberty Sirius XM Group    
Revenue:    
Subscriber revenue 1,078 $ 1,009
Other revenue 216 191
Total Revenue 1,294 1,200
Revenue share and royalties 277 252
Programming and content 96 85
Customer service and billing 97 97
Other 27 33
Subscriber acquisition costs 127 132
Other operating expense 24 19
Selling, general and administrative 184 167
Depreciation and amortization 90 79
Total operating costs and expenses 922 864
Operating income (loss) 372 336
Other income (expense):    
Interest expense (84) (81)
Share of earnings (losses) of affiliates, net 3 7
Other, net 6 1
Total other income (expense) (75) (73)
Earnings (loss) from continuing operations before income taxes 297 263
Income tax (expense) benefit (108) (102)
Net earnings (loss) 189 161
Less net earnings (losses) attributable to the noncontrolling interests 65 63
Net earnings (loss) attributable to Liberty stockholders $ 124 98
Basic net earnings (loss) attributable to Liberty stockholders per common share    
Series A, B and C common stock, basic earnings loss per share $ 0.37  
Diluted net earnings (loss) attributable to Liberty stockholders per common share    
Series A, B and C common stock, diluted earnings loss per share $ 0.37  
Braves Group    
Revenue:    
Other revenue $ 5 4
Total Revenue 5 4
Other operating expense 17 28
Selling, general and administrative 19 14
Depreciation and amortization 2 5
Total operating costs and expenses 38 47
Operating income (loss) (33) (43)
Other income (expense):    
Share of earnings (losses) of affiliates, net 3 2
Other, net 3  
Total other income (expense) (22) 2
Earnings (loss) from continuing operations before income taxes (55) (41)
Income tax (expense) benefit 6 16
Net earnings (loss) (49) (25)
Net earnings (loss) attributable to Liberty stockholders $ (49) (25)
Basic net earnings (loss) attributable to Liberty stockholders per common share    
Series A, B and C common stock, basic earnings loss per share $ (1.00)  
Diluted net earnings (loss) attributable to Liberty stockholders per common share    
Series A, B and C common stock, diluted earnings loss per share $ (1.00)  
Formula One Group    
Revenue:    
Formula 1 revenue $ 96  
Total Revenue 96  
Cost of Formula 1 revenue 68  
Selling, general and administrative 36 20
Legal settlement, net   (511)
Depreciation and amortization 72 3
Total operating costs and expenses 176 (488)
Operating income (loss) (80) 488
Other income (expense):    
Interest expense (56) (3)
Share of earnings (losses) of affiliates, net (10) (21)
Realized and unrealized gains (losses) on financial instruments, net (12) (8)
Other, net 8 6
Total other income (expense) (42) (26)
Earnings (loss) from continuing operations before income taxes (122) 462
Income tax (expense) benefit 26 (171)
Net earnings (loss) (96) 291
Net earnings (loss) attributable to Liberty stockholders $ (96) $ 291
Basic net earnings (loss) attributable to Liberty stockholders per common share    
Series A, B and C common stock, basic earnings loss per share $ (0.55)  
Diluted net earnings (loss) attributable to Liberty stockholders per common share    
Series A, B and C common stock, diluted earnings loss per share $ (0.55)