Quarterly report pursuant to Section 13 or 15(d)

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

v3.22.2.2
Financial Information for Tracking Stock Groups - Statement of Operations (Details) - 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 benefit (expense) (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        
Revenue:        
Total revenue 2,280 2,198 6,720 6,415
Operating costs and expenses, including stock-based compensation:        
Subscriber acquisition costs 86 70 267 245
Other operating expense 69 67 208 197
Selling, general and administrative 424 402 1,247 1,122
Impairment, restructuring and acquisition costs, net of recoveries 69 (95) 70 13
Depreciation and amortization 157 152 461 451
Total operating costs and expenses 1,846 1,594 5,330 4,948
Operating income (loss) 434 604 1,390 1,467
Other income (expense):        
Interest expense (130) (130) (377) (373)
Share of earnings (losses) of affiliates, net 104 2 140 (181)
Realized and unrealized gains (losses) on financial instruments, net 76 (42) 433 (42)
Gains (losses) on dilution of investment in affiliate 2 142 9 152
Unrealized gains/( loss) on inter-group interests (16) 20 (31) 52
Other, net 11 (75) 28 (66)
Total other income (expense) 47 (83) 202 (458)
Earnings (loss) before income taxes 481 521 1,592 1,009
Income tax benefit (expense) (135) (108) (404) (126)
Net earnings (loss) 346 413 1,188 883
Less net earnings (loss) attributable to the noncontrolling interests 41 71 148 215
Net earnings (loss) attributable to Liberty stockholders 305 342 1,040 668
Braves Group        
Revenue:        
Total revenue 252 234 535 466
Operating costs and expenses, including stock-based compensation:        
Other operating expense 184 154 382 316
Selling, general and administrative 33 28 88 73
Impairment, restructuring and acquisition costs, net of recoveries 5   5  
Depreciation and amortization 22 22 57 56
Total operating costs and expenses 244 204 532 445
Operating income (loss) 8 30 3 21
Other income (expense):        
Interest expense (8) (6) (20) (18)
Share of earnings (losses) of affiliates, net 6 9 18 20
Realized and unrealized gains (losses) on financial instruments, net 6   12 1
Unrealized gains/( loss) on inter-group interests (31) 12 5 (15)
Other, net   1 21 1
Total other income (expense) (27) 16 36 (11)
Earnings (loss) before income taxes (19) 46 39 10
Income tax benefit (expense) (3) (10) (10) (8)
Net earnings (loss) (22) 36 29 2
Net earnings (loss) attributable to Liberty stockholders (22) 36 29 2
Formula One Group        
Revenue:        
Total revenue 715 668 1,819 1,349
Operating costs and expenses, including stock-based compensation:        
Selling, general and administrative 68 51 192 141
Depreciation and amortization 89 100 272 299
Total operating costs and expenses 651 600 1,687 1,371
Operating income (loss) 64 68 132 (22)
Other income (expense):        
Interest expense (41) (32) (100) (93)
Share of earnings (losses) of affiliates, net 1 (2)   27
Realized and unrealized gains (losses) on financial instruments, net 24 2 100 107
Unrealized gains/( loss) on inter-group interests 47 (32) 26 (37)
Other, net 7 2 29 11
Total other income (expense) 38 (62) 55 15
Earnings (loss) before income taxes 102 6 187 (7)
Income tax benefit (expense) 8 (55)   36
Net earnings (loss) 110 (49) 187 29
Less net earnings (loss) attributable to the noncontrolling interests 5 3 16 19
Less net earnings (loss) attributable to redeemable noncontrolling interest (3) (2) (13) 51
Net earnings (loss) attributable to Liberty stockholders 108 (50) 184 (41)
Sirius XM Holdings Revenue        
Revenue:        
Total revenue 2,280 2,198 6,720 6,415
Sirius XM Holdings Revenue | Liberty SiriusXM Group        
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
Revenue Share And Royalties | Liberty SiriusXM Group        
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
Programming and content | Liberty SiriusXM Group        
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
Customer service and billing | Liberty SiriusXM Group        
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
Other cost of subscriber services | Liberty SiriusXM Group        
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
Formula 1 | Formula One Group        
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
Other. | Braves Group        
Revenue:        
Total revenue $ 252 $ 234 $ 535 $ 466