Quarterly report pursuant to Section 13 or 15(d)

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

v3.23.2
Financial Information for Tracking Stock Groups - Statement of Operations (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenue:        
Total revenue $ 3,244 $ 3,258 $ 5,800 $ 5,827
Operating costs and expenses, including stock-based compensation:        
Subscriber acquisition costs 93 91 183 181
Other operating expense 280 247 398 337
Selling, general and administrative 490 520 976 1,002
Impairment, restructuring and acquisition costs, net of recoveries 19 1 51 1
Depreciation and amortization 257 262 517 522
Total operating costs and expenses 2,721 2,702 4,937 4,808
Operating income (loss) 523 556 863 1,019
Other income (expense):        
Interest expense (200) (161) (396) (318)
Share of earnings (losses) of affiliates, net 90 61 80 47
Realized and unrealized gains (losses) on financial instruments, net (96) 380 (142) 439
Other, net 50 22 64 67
Total other income (expense) (156) 302 (394) 235
Earnings (loss) before income taxes 367 858 469 1,254
Income tax benefit (expense) (64) (184) (114) (284)
Net earnings (loss) 303 674 355 970
Less net earnings (loss) attributable to the noncontrolling interests 50 53 87 118
Less net earnings (loss) attributable to redeemable noncontrolling interest   (1)   (10)
Net earnings (loss) attributable to Liberty stockholders 253 622 268 862
Liberty SiriusXM Group        
Revenue:        
Total revenue 2,250 2,254 4,394 4,440
Operating costs and expenses, including stock-based compensation:        
Subscriber acquisition costs 93 91 183 181
Other operating expense 83 72 162 139
Selling, general and administrative 387 419 772 823
Impairment, restructuring and acquisition costs, net of recoveries 18 1 50 1
Depreciation and amortization 154 152 315 304
Total operating costs and expenses 1,798 1,782 3,569 3,484
Operating income (loss) 452 472 825 956
Other income (expense):        
Interest expense (137) (125) (273) (247)
Share of earnings (losses) of affiliates, net 79 54 72 36
Realized and unrealized gains (losses) on financial instruments, net (164) 296 (162) 357
Unrealized gains/( loss) on inter-group interests 10 (35) 64 (15)
Other, net 23 4 26 24
Total other income (expense) (189) 194 (273) 155
Earnings (loss) before income taxes 263 666 552 1,111
Income tax benefit (expense) (46) (168) (115) (269)
Net earnings (loss) 217 498 437 842
Less net earnings (loss) attributable to the noncontrolling interests 51 51 88 107
Net earnings (loss) attributable to Liberty stockholders 166 447 349 735
Braves Group        
Revenue:        
Total revenue 270 260 301 283
Operating costs and expenses, including stock-based compensation:        
Other operating expense 197 175 236 198
Selling, general and administrative 34 33 60 55
Impairment, restructuring and acquisition costs, net of recoveries 1   1  
Depreciation and amortization 19 17 34 35
Total operating costs and expenses 251 225 331 288
Operating income (loss) 19 35 (30) (5)
Other income (expense):        
Interest expense (9) (6) (18) (12)
Share of earnings (losses) of affiliates, net 12 8 11 12
Realized and unrealized gains (losses) on financial instruments, net 4 1 3 6
Unrealized gains/( loss) on inter-group interests (50) 35 (63) 36
Other, net 3 1 4 21
Total other income (expense) (40) 39 (63) 63
Earnings (loss) before income taxes (21) 74 (93) 58
Income tax benefit (expense) (8) (10) 5 (7)
Net earnings (loss) (29) 64 (88) 51
Net earnings (loss) attributable to Liberty stockholders (29) 64 (88) 51
Formula One Group        
Revenue:        
Total revenue 724 744 1,105 1,104
Operating costs and expenses, including stock-based compensation:        
Selling, general and administrative 69 68 144 124
Depreciation and amortization 84 93 168 183
Total operating costs and expenses 672 695 1,037 1,036
Operating income (loss) 52 49 68 68
Other income (expense):        
Interest expense (54) (30) (105) (59)
Share of earnings (losses) of affiliates, net (1) (1) (3) (1)
Realized and unrealized gains (losses) on financial instruments, net 64 83 17 76
Unrealized gains/( loss) on inter-group interests 40   (1) (21)
Other, net 24 17 34 22
Total other income (expense) 73 69 (58) 17
Earnings (loss) before income taxes 125 118 10 85
Income tax benefit (expense) (10) (6) (4) (8)
Net earnings (loss) 115 112 6 77
Less net earnings (loss) attributable to the noncontrolling interests (1) 2 (1) 11
Less net earnings (loss) attributable to redeemable noncontrolling interest   (1)   (10)
Net earnings (loss) attributable to Liberty stockholders 116 111 7 76
Sirius XM Holdings Revenue        
Revenue:        
Total revenue 2,250 2,254 4,394 4,440
Sirius XM Holdings Revenue | Liberty SiriusXM Group        
Revenue:        
Total revenue 2,250 2,254 4,394 4,440
Revenue Share And Royalties        
Operating costs and expenses, including stock-based compensation:        
Cost of services 732 711 1,432 1,381
Revenue Share And Royalties | Liberty SiriusXM Group        
Operating costs and expenses, including stock-based compensation:        
Cost of services 732 711 1,432 1,381
Programming and content        
Operating costs and expenses, including stock-based compensation:        
Cost of services 153 152 303 292
Programming and content | Liberty SiriusXM Group        
Operating costs and expenses, including stock-based compensation:        
Cost of services 153 152 303 292
Customer service and billing        
Operating costs and expenses, including stock-based compensation:        
Cost of services 124 126 246 251
Customer service and billing | Liberty SiriusXM Group        
Operating costs and expenses, including stock-based compensation:        
Cost of services 124 126 246 251
Other cost of subscriber services        
Operating costs and expenses, including stock-based compensation:        
Cost of services 54 58 106 112
Other cost of subscriber services | Liberty SiriusXM Group        
Operating costs and expenses, including stock-based compensation:        
Cost of services 54 58 106 112
Formula 1        
Revenue:        
Total revenue 724 744 1,105 1,104
Operating costs and expenses, including stock-based compensation:        
Cost of services 519 534 725 729
Formula 1 | Formula One Group        
Revenue:        
Total revenue 724 744 1,105 1,104
Operating costs and expenses, including stock-based compensation:        
Cost of services 519 534 725 729
Other        
Revenue:        
Total revenue 270 260 301 283
Other | Braves Group        
Revenue:        
Total revenue $ 270 $ 260 $ 301 $ 283