Annual report pursuant to Section 13 and 15(d)

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

v3.24.0.1
Financial Information for Tracking Stock Groups - Statement of Operations (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenue:      
Total revenue $ 12,525 $ 12,164 $ 11,400
Operating costs and expenses, including stock-based compensation:      
Subscriber acquisition costs 359 352 325
Other operating expense 596 719 642
Selling, general and administrative 1,930 2,031 1,907
Depreciation and amortization 1,030 1,044 1,072
Impairment, restructuring and acquisition costs, net of recoveries 67 74 20
Litigation settlements, net of recoveries 31    
Total operating costs and expenses 10,462 10,100 9,423
Operating income (loss) 2,063 2,064 1,977
Other income (expense):      
Interest expense (782) (689) (642)
Share of earnings (losses) of affiliates, net 138 99 (200)
Realized and unrealized gains (losses) on financial instruments, net (323) 599 (451)
Gains (losses) on dilution of investment in affiliate (4) 10 152
Other, net 93 110 (47)
Total other income (expense) (878) 129 (1,188)
Earnings (loss) before income taxes 1,185 2,193 789
Income tax benefit (expense) (223) (164) (45)
Net earnings (loss) 962 2,029 744
Less net earnings (loss) attributable to the noncontrolling interests 201 227 292
Less net earnings (loss) attributable to redeemable noncontrolling interest   (13) 54
Net earnings (loss) attributable to Liberty stockholders 761 1,815 398
Liberty SiriusXM Group      
Revenue:      
Total revenue 8,953 9,003 8,696
Operating costs and expenses, including stock-based compensation:      
Subscriber acquisition costs 359 352 325
Other operating expense 322 285 265
Selling, general and administrative 1,534 1,638 1,598
Depreciation and amortization 624 611 603
Impairment, restructuring and acquisition costs, net of recoveries 66 68 20
Litigation settlements, net of recoveries 31    
Total operating costs and expenses 7,145 7,084 6,779
Operating income (loss) 1,808 1,919 1,917
Other income (expense):      
Interest expense (538) (511) (495)
Share of earnings (losses) of affiliates, net 108 67 (253)
Realized and unrealized gains (losses) on financial instruments, net (215) 471 (433)
Gains (losses) on dilution of investment in affiliate (6) 10 152
Unrealized gains/( loss) on inter-group interests 68 (19) 121
Other, net 43 32 (60)
Total other income (expense) (540) 50 (968)
Earnings (loss) before income taxes 1,268 1,969 949
Income tax benefit (expense) (237) (467) (74)
Net earnings (loss) 1,031 1,502 875
Less net earnings (loss) attributable to the noncontrolling interests 202 210 276
Net earnings (loss) attributable to Liberty stockholders 829 1,292 599
Formula One Group      
Revenue:      
Total revenue 3,222 2,573 2,136
Operating costs and expenses, including stock-based compensation:      
Selling, general and administrative 316 288 210
Depreciation and amortization 369 362 397
Total operating costs and expenses 2,925 2,400 2,096
Operating income (loss) 297 173 40
Other income (expense):      
Interest expense (214) (149) (123)
Share of earnings (losses) of affiliates, net (4)   23
Realized and unrealized gains (losses) on financial instruments, net 42 115 (21)
Unrealized gains/( loss) on inter-group interests 15 54 (90)
Other, net 75 58 14
Total other income (expense) (86) 78 (197)
Earnings (loss) before income taxes 211 251 (157)
Income tax benefit (expense) (27) 311 37
Net earnings (loss) 184 562 (120)
Less net earnings (loss) attributable to the noncontrolling interests (1) 17 16
Less net earnings (loss) attributable to redeemable noncontrolling interest   (13) 54
Net earnings (loss) attributable to Liberty stockholders 185 558 (190)
Liberty Live Group      
Operating costs and expenses, including stock-based compensation:      
Selling, general and administrative 11    
Total operating costs and expenses 11    
Operating income (loss) (11)    
Other income (expense):      
Interest expense (10)    
Share of earnings (losses) of affiliates, net 22    
Realized and unrealized gains (losses) on financial instruments, net (153)    
Gains (losses) on dilution of investment in affiliate 2    
Other, net (30)    
Total other income (expense) (169)    
Earnings (loss) before income taxes (180)    
Income tax benefit (expense) 38    
Net earnings (loss) (142)    
Net earnings (loss) attributable to Liberty stockholders (142)    
Braves Group      
Revenue:      
Total revenue 350 588 568
Operating costs and expenses, including stock-based compensation:      
Other operating expense 274 434 377
Selling, general and administrative 69 105 99
Depreciation and amortization 37 71 72
Impairment, restructuring and acquisition costs, net of recoveries 1 6  
Total operating costs and expenses 381 616 548
Operating income (loss) (31) (28) 20
Other income (expense):      
Interest expense (20) (29) (24)
Share of earnings (losses) of affiliates, net 12 32 30
Realized and unrealized gains (losses) on financial instruments, net 3 13 3
Unrealized gains/( loss) on inter-group interests (83) (35) (31)
Other, net 5 20 (1)
Total other income (expense) (83) 1 (23)
Earnings (loss) before income taxes (114) (27) (3)
Income tax benefit (expense) 3 (8) (8)
Net earnings (loss) (111) (35) (11)
Net earnings (loss) attributable to Liberty stockholders (111) (35) (11)
Sirius XM Holdings Revenue      
Revenue:      
Total revenue 8,953 9,003 8,696
Sirius XM Holdings Revenue | Liberty SiriusXM Group      
Revenue:      
Total revenue 8,953 9,003 8,696
Revenue share and royalties      
Operating costs and expenses, including stock-based compensation:      
Cost of services 2,895 2,802 2,672
Revenue share and royalties | Liberty SiriusXM Group      
Operating costs and expenses, including stock-based compensation:      
Cost of services 2,895 2,802 2,672
Programming and content      
Operating costs and expenses, including stock-based compensation:      
Cost of services 618 604 559
Programming and content | Liberty SiriusXM Group      
Operating costs and expenses, including stock-based compensation:      
Cost of services 618 604 559
Customer service and billing      
Operating costs and expenses, including stock-based compensation:      
Cost of services 476 497 501
Customer service and billing | Liberty SiriusXM Group      
Operating costs and expenses, including stock-based compensation:      
Cost of services 476 497 501
Other cost of subscriber services      
Operating costs and expenses, including stock-based compensation:      
Cost of services 220 227 236
Other cost of subscriber services | Liberty SiriusXM Group      
Operating costs and expenses, including stock-based compensation:      
Cost of services 220 227 236
Formula 1      
Revenue:      
Total revenue 3,222 2,573 2,136
Operating costs and expenses, including stock-based compensation:      
Cost of services 2,240 1,750 1,489
Formula 1 | Formula One Group      
Revenue:      
Total revenue 3,222 2,573 2,136
Operating costs and expenses, including stock-based compensation:      
Cost of services 2,240 1,750 1,489
Other      
Revenue:      
Total revenue 350 588 568
Other | Braves Group      
Revenue:      
Total revenue $ 350 $ 588 $ 568