Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

v3.22.2.2
Condensed Consolidated Statements of Operations - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenue:        
Total revenue $ 3,247 $ 3,100 $ 9,074 $ 8,230
Operating costs and expenses, including stock-based compensation:        
Subscriber acquisition costs 86 70 267 245
Other operating expense 253 221 590 513
Selling, general and administrative 525 481 1,527 1,336
Impairment, restructuring and acquisition costs, net of recoveries 74 (95) 75 13
Depreciation and amortization 268 274 790 806
Total operating costs and expenses 2,741 2,398 7,549 6,764
Operating income (loss) 506 702 1,525 1,466
Other income (expense):        
Interest expense (179) (168) (497) (484)
Share of earnings (losses) of affiliates, net 111 9 158 (134)
Realized and unrealized gains (losses) on financial instruments, net 106 (40) 545 66
Gains (losses) on dilution of investment in affiliate 2 142 9 152
Other, net 18 (72) 78 (54)
Total other income (expense) 58 (129) 293 (454)
Earnings (loss) before income taxes 564 573 1,818 1,012
Income tax (expense) benefit (130) (173) (414) (98)
Net earnings (loss) 434 400 1,404 914
Less net earnings (loss) attributable to the noncontrolling interests 46 74 164 234
Less net earnings (loss) attributable to redeemable noncontrolling interest (3) (2) (13) 51
Net earnings (loss) attributable to Liberty stockholders 391 328 1,253 629
Liberty SiriusXM Group        
Other income (expense):        
Net earnings (loss) attributable to Liberty stockholders $ 305 $ 342 $ 1,040 $ 668
Basic net earnings (loss) attributable to Liberty stockholders per common share        
Series A, B and C common stock, basic earnings loss per share $ 0.93 $ 1.03 $ 3.16 $ 1.99
Diluted net earnings (loss) attributable to Liberty stockholders per common share        
Series A, B and C common stock, diluted earnings loss per share $ 0.82 $ 1.02 $ 2.89 $ 1.98
Braves Group        
Other income (expense):        
Net earnings (loss) attributable to Liberty stockholders $ (22) $ 36 $ 29 $ 2
Basic net earnings (loss) attributable to Liberty stockholders per common share        
Series A, B and C common stock, basic earnings loss per share $ (0.42) $ 0.69 $ 0.55 $ 0.04
Diluted net earnings (loss) attributable to Liberty stockholders per common share        
Series A, B and C common stock, diluted earnings loss per share $ (0.42) $ 0.39 $ 0.39 $ 0.04
Formula One Group        
Other income (expense):        
Net earnings (loss) attributable to Liberty stockholders $ 108 $ (50) $ 184 $ (41)
Basic net earnings (loss) attributable to Liberty stockholders per common share        
Series A, B and C common stock, basic earnings loss per share $ 0.46 $ (0.22) $ 0.79 $ (0.18)
Diluted net earnings (loss) attributable to Liberty stockholders per common share        
Series A, B and C common stock, diluted earnings loss per share $ 0.31 $ (0.22) $ 0.60 $ (0.18)
Sirius XM Holdings Revenue        
Revenue:        
Total revenue $ 2,280 $ 2,198 $ 6,720 $ 6,415
Revenue Share And Royalties        
Operating costs and expenses, including stock-based compensation:        
Cost of services 709 671 2,090 1,974
Programming and content        
Operating costs and expenses, including stock-based compensation:        
Cost of services 156 142 448 407
Customer service and billing        
Operating costs and expenses, including stock-based compensation:        
Cost of services 122 128 373 372
Other cost of subscriber services        
Operating costs and expenses, including stock-based compensation:        
Cost of services 54 57 166 167
Formula 1        
Revenue:        
Total revenue 715 668 1,819 1,349
Operating costs and expenses, including stock-based compensation:        
Cost of services 494 449 1,223 931
Other.        
Revenue:        
Total revenue $ 252 $ 234 $ 535 $ 466