Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations

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Consolidated Statements of Operations - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenue:        
Total revenue $ 3,166 $ 3,244 $ 5,915 $ 5,800
Operating costs and expenses, including stock-based compensation:        
Subscriber acquisition costs 92 93 182 183
Other operating expense 76 280 163 398
Selling, general and administrative 454 490 919 976
Impairment, restructuring and acquisition costs 15 19 37 51
Depreciation and amortization 245 257 486 517
Total operating costs and expenses 2,638 2,721 4,885 4,937
Operating income (loss) 528 523 1,030 863
Other income (expense):        
Interest expense (186) (200) (377) (396)
Share of earnings (losses) of affiliates, net 84 90 65 80
Realized and unrealized gains (losses) on financial instruments, net 169 (96) 166 (142)
Other, net 28 50 55 64
Total other income (expense) 95 (156) (91) (394)
Earnings (loss) before income taxes 623 367 939 469
Income tax (expense) benefit (116) (64) (187) (114)
Net earnings (loss) 507 303 752 355
Less net earnings (loss) attributable to the noncontrolling interests 50 50 92 87
Net earnings (loss) attributable to Liberty stockholders 457 253 660 268
Liberty SiriusXM Group        
Other income (expense):        
Net earnings (loss) attributable to Liberty stockholders $ 299 $ 166 $ 498 $ 349
Basic net earnings (loss) attributable to Liberty stockholders per common share:        
Series A, B and C common stock, basic earnings loss per share $ 0.91 $ 0.51 $ 1.52 $ 1.07
Diluted net earnings (loss) attributable to Liberty stockholders per common share:        
Series A, B and C common stock, diluted earnings loss per share $ 0.60 $ 0.49 $ 1.13 $ 1.00
Formula One Group        
Other income (expense):        
Net earnings (loss) attributable to Liberty stockholders $ 24 $ 116 $ 101 $ 7
Basic net earnings (loss) attributable to Liberty stockholders per common share:        
Series A, B and C common stock, basic earnings loss per share $ 0.10 $ 0.50 $ 0.43 $ 0.03
Diluted net earnings (loss) attributable to Liberty stockholders per common share:        
Series A, B and C common stock, diluted earnings loss per share $ 0.10 $ 0.41 $ 0.42 $ (0.03)
Liberty Live Group        
Other income (expense):        
Net earnings (loss) attributable to Liberty stockholders $ 134   $ 61  
Basic net earnings (loss) attributable to Liberty stockholders per common share:        
Series A, B and C common stock, basic earnings loss per share $ 1.46   $ 0.66  
Diluted net earnings (loss) attributable to Liberty stockholders per common share:        
Series A, B and C common stock, diluted earnings loss per share $ 1.46   $ 0.66  
Braves Group        
Other income (expense):        
Net earnings (loss) attributable to Liberty stockholders   $ (29)   $ (88)
Basic net earnings (loss) attributable to Liberty stockholders per common share:        
Series A, B and C common stock, basic earnings loss per share   $ (0.55)   $ (1.66)
Diluted net earnings (loss) attributable to Liberty stockholders per common share:        
Series A, B and C common stock, diluted earnings loss per share   $ (0.55)   $ (1.66)
Sirius XM Holdings Revenue        
Revenue:        
Total revenue $ 2,178 $ 2,250 $ 4,340 $ 4,394
Revenue share and royalties        
Operating costs and expenses, including stock-based compensation:        
Cost of services 708 732 1,411 1,432
Programming and content        
Operating costs and expenses, including stock-based compensation:        
Cost of services 148 153 305 303
Customer service and billing        
Operating costs and expenses, including stock-based compensation:        
Cost of services 108 124 224 246
Other cost of subscriber services        
Operating costs and expenses, including stock-based compensation:        
Cost of services 59 54 120 106
Formula 1        
Revenue:        
Total revenue 853 724 1,403 1,105
Operating costs and expenses, including stock-based compensation:        
Cost of services 639 519 918 725
Other        
Revenue:        
Total revenue 135 $ 270 172 $ 301
Operating costs and expenses, including stock-based compensation:        
Cost of services $ 94   $ 120