Annual report pursuant to Section 13 and 15(d)

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

v3.22.0.1
Financial Information for Tracking Stock Groups - Statement of Operations (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Revenue:      
Total revenue $ 11,400 $ 9,363 $ 10,292
Operating costs and expenses, including stock-based compensation:      
Subscriber acquisition costs 325 362 427
Other operating expenses 642 434 624
Selling, general and administrative 1,907 1,750 1,805
Impairment, restructuring and acquisition costs, net of recoveries 20 1,004 84
Depreciation and amortization 1,072 1,083 1,061
Total operating costs and expenses 9,423 9,186 8,822
Operating income (loss) 1,977 177 1,470
Other income (expense):      
Interest expense (642) (634) (657)
Share of earnings (losses) of affiliates, net (200) (586) 6
Realized and unrealized gains (losses) on financial instruments, net (451) (402) (315)
Gains (losses) on dilution of investment in affiliate 152 4 7
Other, net (47) 6 2
Total other income (expense) (1,188) (1,612) (957)
Earnings (loss) before income taxes 789 (1,435) 513
Income tax benefit (expense) (45) 44 (166)
Net earnings (loss) 744 (1,391) 347
Less net earnings (loss) attributable to the noncontrolling interests 292 30 241
Less net earnings (loss) attributable to redeemable noncontrolling interest 54    
Net earnings (loss) attributable to Liberty stockholders 398 (1,421) 106
Liberty SiriusXM Group      
Revenue:      
Total revenue 8,696 8,040 7,794
Operating costs and expenses, including stock-based compensation:      
Subscriber acquisition costs 325 362 427
Other operating expenses 265 264 280
Selling, general and administrative 1,598 1,509 1,495
Impairment, restructuring and acquisition costs, net of recoveries 20 1,004 84
Depreciation and amortization 603 573 537
Total operating costs and expenses 6,779 7,291 6,250
Operating income (loss) 1,917 749 1,544
Other income (expense):      
Interest expense (495) (462) (435)
Share of earnings (losses) of affiliates, net (253) (484) (24)
Intergroup interest (expense) income   (7)  
Realized and unrealized gains (losses) on financial instruments, net (433) (521) (41)
Gains (losses) on dilution of investment in affiliate 152 4  
Unrealized gains/( loss) on inter-group interests 121 125  
Other, net (60) (17) (38)
Total other income (expense) (968) (1,362) (538)
Earnings (loss) before income taxes 949 (613) 1,006
Income tax benefit (expense) (74) (106) (271)
Net earnings (loss) 875 (719) 735
Less net earnings (loss) attributable to the noncontrolling interests 276 28 241
Net earnings (loss) attributable to Liberty stockholders 599 (747) 494
Braves Group      
Revenue:      
Total revenue 568 178 476
Operating costs and expenses, including stock-based compensation:      
Other operating expenses 377 170 344
Selling, general and administrative 99 67 100
Depreciation and amortization 72 69 71
Total operating costs and expenses 548 306 515
Operating income (loss) 20 (128) (39)
Other income (expense):      
Interest expense (24) (26) (27)
Share of earnings (losses) of affiliates, net 30 6 18
Realized and unrealized gains (losses) on financial instruments, net 3 (10) (4)
Unrealized gains/( loss) on inter-group interests (31) 42 (42)
Other, net (1)   2
Total other income (expense) (23) 12 (53)
Earnings (loss) before income taxes (3) (116) (92)
Income tax benefit (expense) (8) 38 15
Net earnings (loss) (11) (78) (77)
Net earnings (loss) attributable to Liberty stockholders (11) (78) (77)
Formula One Group      
Revenue:      
Total revenue 2,136 1,145 2,022
Operating costs and expenses, including stock-based compensation:      
Selling, general and administrative 210 174 210
Depreciation and amortization 397 441 453
Total operating costs and expenses 2,096 1,589 2,057
Operating income (loss) 40 (444) (35)
Other income (expense):      
Interest expense (123) (146) (195)
Share of earnings (losses) of affiliates, net 23 (108) 12
Intergroup interest (expense) income   7  
Realized and unrealized gains (losses) on financial instruments, net (21) 129 (270)
Gains (losses) on dilution of investment in affiliate     7
Unrealized gains/( loss) on inter-group interests (90) (167) 42
Other, net 14 23 38
Total other income (expense) (197) (262) (366)
Earnings (loss) before income taxes (157) (706) (401)
Income tax benefit (expense) 37 112 90
Net earnings (loss) (120) (594) (311)
Less net earnings (loss) attributable to the noncontrolling interests 16 2  
Less net earnings (loss) attributable to redeemable noncontrolling interest 54    
Net earnings (loss) attributable to Liberty stockholders (190) (596) (311)
Sirius XM Holdings Revenue      
Revenue:      
Total revenue 8,696 8,040 7,794
Sirius XM Holdings Revenue | Liberty SiriusXM Group      
Revenue:      
Total revenue 8,696 8,040 7,794
Revenue Share And Royalties      
Operating costs and expenses, including stock-based compensation:      
Cost of services 2,672 2,421 2,291
Revenue Share And Royalties | Liberty SiriusXM Group      
Operating costs and expenses, including stock-based compensation:      
Cost of services 2,672 2,421 2,291
Programming and content expense      
Operating costs and expenses, including stock-based compensation:      
Cost of services 559 481 462
Programming and content expense | Liberty SiriusXM Group      
Operating costs and expenses, including stock-based compensation:      
Cost of services 559 481 462
Customer service and billing      
Operating costs and expenses, including stock-based compensation:      
Cost of services 501 481 475
Customer service and billing | Liberty SiriusXM Group      
Operating costs and expenses, including stock-based compensation:      
Cost of services 501 481 475
Other cost of subscriber services      
Operating costs and expenses, including stock-based compensation:      
Cost of services 236 196 199
Other cost of subscriber services | Liberty SiriusXM Group      
Operating costs and expenses, including stock-based compensation:      
Cost of services 236 196 199
Primary Formula 1      
Revenue:      
Total revenue 2,136 1,145 2,022
Operating costs and expenses, including stock-based compensation:      
Cost of services 1,489 974 1,394
Primary Formula 1 | Formula One Group      
Revenue:      
Total revenue 2,136 1,145 2,022
Operating costs and expenses, including stock-based compensation:      
Cost of services 1,489 974 1,394
Other.      
Revenue:      
Total revenue 568 178 476
Other. | Braves Group      
Revenue:      
Total revenue $ 568 $ 178 $ 476