Quarterly report pursuant to Section 13 or 15(d)

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

v3.23.1
Financial Information for Tracking Stock Groups - Statement of Operations (Details) - 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 benefit (expense) (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    
Revenue:    
Total revenue 2,144 2,186
Operating costs and expenses, including stock-based compensation:    
Subscriber acquisition costs 90 90
Other operating expense 79 67
Selling, general and administrative 385 404
Impairment, restructuring and acquisition costs, net of recoveries 32  
Depreciation and amortization 161 152
Total operating costs and expenses 1,771 1,702
Operating income (loss) 373 484
Other income (expense):    
Interest expense (136) (122)
Share of earnings (losses) of affiliates, net (7) (18)
Realized and unrealized gains (losses) on financial instruments, net 2 61
Unrealized gains/( loss) on inter-group interests 54 20
Other, net 3 20
Total other income (expense) (84) (39)
Earnings (loss) before income taxes 289 445
Income tax benefit (expense) (69) (101)
Net earnings (loss) 220 344
Less net earnings (loss) attributable to the noncontrolling interests   56
Net earnings (loss) attributable to Liberty stockholders 183 288
Braves Group    
Revenue:    
Total revenue 31 23
Operating costs and expenses, including stock-based compensation:    
Other operating expense 39 23
Selling, general and administrative 26 22
Depreciation and amortization 15 18
Total operating costs and expenses 80 63
Operating income (loss) (49) (40)
Other income (expense):    
Interest expense (9) (6)
Share of earnings (losses) of affiliates, net (1) 4
Realized and unrealized gains (losses) on financial instruments, net (1) 5
Unrealized gains/( loss) on inter-group interests (13) 1
Other, net 1 20
Total other income (expense) (23) 24
Earnings (loss) before income taxes (72) (16)
Income tax benefit (expense) 13 3
Net earnings (loss) (59) (13)
Net earnings (loss) attributable to Liberty stockholders (59) (13)
Formula One Group    
Revenue:    
Total revenue 381 360
Operating costs and expenses, including stock-based compensation:    
Selling, general and administrative 75 56
Depreciation and amortization 84 90
Total operating costs and expenses 365 341
Operating income (loss) 16 19
Other income (expense):    
Interest expense (51) (29)
Share of earnings (losses) of affiliates, net (2)  
Realized and unrealized gains (losses) on financial instruments, net (47) (7)
Unrealized gains/( loss) on inter-group interests (41) (21)
Other, net 10 5
Total other income (expense) (131) (52)
Earnings (loss) before income taxes (115) (33)
Income tax benefit (expense) 6 (2)
Net earnings (loss) (109) (35)
Less net earnings (loss) attributable to the noncontrolling interests   9
Less net earnings (loss) attributable to redeemable noncontrolling interest   (9)
Net earnings (loss) attributable to Liberty stockholders (109) (35)
Sirius XM Holdings Revenue    
Revenue:    
Total revenue 2,144 2,186
Sirius XM Holdings Revenue | Liberty SiriusXM Group    
Revenue:    
Total revenue 2,144 2,186
Revenue Share And Royalties    
Operating costs and expenses, including stock-based compensation:    
Cost of services 700 670
Revenue Share And Royalties | Liberty SiriusXM Group    
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
Programming and content | Liberty SiriusXM Group    
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
Customer service and billing | Liberty SiriusXM Group    
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
Other cost of subscriber services | Liberty SiriusXM Group    
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
Formula 1 | Formula One Group    
Revenue:    
Total revenue 381 360
Operating costs and expenses, including stock-based compensation:    
Cost of services 206 195
Other    
Revenue:    
Total revenue 31 23
Other | Braves Group    
Revenue:    
Total revenue $ 31 $ 23