Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

v3.23.1
Condensed Consolidated Statements of Operations - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenue:    
Total revenue $ 2,556 $ 2,569
Operating costs and expenses, including stock-based compensation:    
Subscriber acquisition costs 90 90
Other operating expense 118 90
Selling, general and administrative 486 482
Impairment, restructuring and acquisition costs, net of recoveries 32  
Depreciation and amortization 260 260
Total operating costs and expenses 2,216 2,106
Operating income (loss) 340 463
Other income (expense):    
Interest expense (196) (157)
Share of earnings (losses) of affiliates, net (10) (14)
Realized and unrealized gains (losses) on financial instruments, net (46) 59
Other, net 14 45
Total other income (expense) (238) (67)
Earnings (loss) before income taxes 102 396
Income tax (expense) benefit (50) (100)
Net earnings (loss) 52 296
Less net earnings (loss) attributable to the noncontrolling interests 37 65
Less net earnings (loss) attributable to redeemable noncontrolling interest   (9)
Net earnings (loss) attributable to Liberty stockholders 15 240
Liberty SiriusXM Group    
Other income (expense):    
Net earnings (loss) attributable to Liberty stockholders $ 183 $ 288
Basic net earnings (loss) attributable to Liberty stockholders per common share:    
Series A, B and C common stock, basic earnings loss per share $ 0.56 $ 0.87
Diluted net earnings (loss) attributable to Liberty stockholders per common share:    
Series A, B and C common stock, diluted earnings loss per share $ 0.38 $ 0.82
Braves Group    
Other income (expense):    
Net earnings (loss) attributable to Liberty stockholders $ (59) $ (13)
Basic net earnings (loss) attributable to Liberty stockholders per common share:    
Series A, B and C common stock, basic earnings loss per share $ (1.11) $ (0.25)
Diluted net earnings (loss) attributable to Liberty stockholders per common share:    
Series A, B and C common stock, diluted earnings loss per share $ (1.22) $ (0.25)
Formula One Group    
Other income (expense):    
Net earnings (loss) attributable to Liberty stockholders $ (109) $ (35)
Basic net earnings (loss) attributable to Liberty stockholders per common share:    
Series A, B and C common stock, basic earnings loss per share $ (0.47) $ (0.15)
Diluted net earnings (loss) attributable to Liberty stockholders per common share:    
Series A, B and C common stock, diluted earnings loss per share $ (0.58) $ (0.15)
Sirius XM Holdings Revenue    
Revenue:    
Total revenue $ 2,144 $ 2,186
Revenue Share And Royalties    
Operating costs and expenses, including stock-based compensation:    
Cost of services 700 670
Programming and content    
Operating costs and expenses, including stock-based compensation:    
Cost of services 150 140
Customer service and billing    
Operating costs and expenses, including stock-based compensation:    
Cost of services 122 125
Other cost of subscriber services    
Operating costs and expenses, including stock-based compensation:    
Cost of services 52 54
Formula 1    
Revenue:    
Total revenue 381 360
Operating costs and expenses, including stock-based compensation:    
Cost of services 206 195
Other    
Revenue:    
Total revenue $ 31 $ 23