Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

v3.24.3
Condensed Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenue:        
Total revenue $ 911 $ 936 $ 2,486 $ 2,342
Operating costs and expenses:        
Other operating expense 2 38 8 274
Selling, general and administrative, including stock-based compensation 116 93 302 297
Impairment and acquisition costs 3   23 1
Depreciation and amortization 88 89 263 291
Total operating costs and expenses 804 835 2,229 2,203
Operating income (loss) 107 101 257 139
Other income (expense):        
Interest expense (62) (62) (184) (188)
Share of earnings (losses) of affiliates, net 116 143 175 228
Realized and unrealized gains (losses) on financial instruments, net (55) 39 11 (45)
Unrealized gains (losses) on intergroup interests   (4)   (68)
Other, net 29 (19) 76 12
Total other income (expense) 28 97 78 (61)
Earnings (loss) from continuing operations before income taxes 135 198 335 78
Income tax (expense) benefit (3) (46) (41) (37)
Net earnings (loss) from continuing operations 132 152 294 41
Net earnings (loss) from discontinued operations (3,002) 291 (2,412) 757
Net earnings (loss) (2,870) 443 (2,118) 798
Less net earnings (loss) attributable to the noncontrolling interests (502) 58 (410) 145
Net earnings (loss) attributable to Liberty stockholders (2,368) 385 (1,708) 653
Formula One Group        
Other income (expense):        
Net earnings (loss) from continuing operations attributable to Liberty stockholders $ 117 $ 118 $ 218 $ 125
Basic net earnings (loss) attributable to Liberty stockholders per common share:        
Basic net earnings (loss) from continuing operations attributable to Liberty stockholders per common share $ 0.48 $ 0.50 $ 0.92 $ 0.53
Diluted net earnings (loss) attributable to Liberty stockholders per common share:        
Diluted net earnings (loss) from continuing operations attributable to Liberty stockholders per common share $ 0.48 $ 0.39 $ 0.90 $ 0.37
Liberty Live Group        
Other income (expense):        
Net earnings (loss) from continuing operations attributable to Liberty stockholders $ 15 $ (19) $ 76 $ (19)
Basic net earnings (loss) attributable to Liberty stockholders per common share:        
Basic net earnings (loss) from continuing operations attributable to Liberty stockholders per common share $ 0.16 $ (0.21) $ 0.83 $ (0.21)
Diluted net earnings (loss) attributable to Liberty stockholders per common share:        
Diluted net earnings (loss) from continuing operations attributable to Liberty stockholders per common share $ 0.16 $ (0.21) $ 0.83 $ (0.21)
Liberty SiriusXM Group        
Other income (expense):        
Net earnings (loss) from continuing operations attributable to Liberty stockholders   $ 74   $ 45
Net earnings (loss) from discontinued operations attributable to Liberty stockholders $ (2,500) $ 233 $ (2,002) $ 611
Basic net earnings (loss) attributable to Liberty stockholders per common share:        
Basic net earnings (loss) from continuing operations attributable to Liberty stockholders per common share   $ 0.23   $ 0.14
Basic net earnings (loss) from discontinued operations attributable to Liberty stockholders per common share $ (7.65) 0.71 $ (6.12) 1.87
Diluted net earnings (loss) attributable to Liberty stockholders per common share:        
Diluted net earnings (loss) from continuing operations attributable to Liberty stockholders per common share   0.21   0.13
Diluted net earnings (loss) from discontinued operations attributable to Liberty stockholders per common share $ (7.65) $ 0.68 $ (6.16) $ 1.76
Braves Group        
Other income (expense):        
Net earnings (loss) from continuing operations attributable to Liberty stockholders   $ (21)   $ (109)
Basic net earnings (loss) attributable to Liberty stockholders per common share:        
Basic net earnings (loss) from continuing operations attributable to Liberty stockholders per common share   $ (0.40)   $ (2.06)
Diluted net earnings (loss) attributable to Liberty stockholders per common share:        
Diluted net earnings (loss) from continuing operations attributable to Liberty stockholders per common share   $ (0.40)   $ (2.06)
Formula 1        
Revenue:        
Total revenue $ 848 $ 887 $ 2,251 $ 1,992
Operating costs and expenses:        
Cost of services 554 615 1,472 1,340
Other        
Revenue:        
Total revenue 63 $ 49 235 $ 350
Operating costs and expenses:        
Cost of services $ 41   $ 161