| Schedule of balance sheet and income statement of discontinued operations |
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December 31, 2023 |
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amounts in millions |
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Assets |
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|
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Current assets |
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$ |
1,361 |
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Investments in affiliates, accounted for using the equity method |
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|
715 |
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Property and equipment, net |
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|
1,245 |
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Intangible assets not subject to amortization |
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|
25,051 |
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Intangible assets subject to amortization, net |
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|
1,014 |
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Other assets |
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|
515 |
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Total assets |
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$ |
29,901 |
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Liabilities |
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Accounts payable and accrued liabilities |
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$ |
1,536 |
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Current portion of debt |
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|
1,074 |
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Other current liabilities |
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|
1,266 |
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Long-term debt |
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|
10,063 |
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Deferred income tax liabilities |
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|
2,245 |
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Other liabilities |
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|
526 |
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Total liabilities |
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$ |
16,710 |
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Three months ended |
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Nine months ended |
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September 30, |
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September 30, |
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|
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2024 |
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2023 |
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2024 |
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2023 |
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amounts in millions |
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Revenue |
|
$ |
1,664 |
|
2,271 |
|
6,004 |
|
6,665 |
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Cost of Sirius XM Holdings services (exclusive of depreciation shown separately below) |
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|
792 |
|
1,057 |
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2,852 |
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3,144 |
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Operating expense |
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|
122 |
|
159 |
|
461 |
|
504 |
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Selling, general and administrative |
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|
297 |
|
376 |
|
1,030 |
|
1,148 |
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Impairment, restructuring and acquisition costs |
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|
3,322 |
|
6 |
|
3,339 |
|
56 |
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Depreciation and amortization |
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|
110 |
|
145 |
|
421 |
|
460 |
|
|
|
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4,643 |
|
1,743 |
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8,103 |
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5,312 |
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Operating income (loss) |
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|
(2,979) |
|
528 |
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(2,099) |
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1,353 |
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Other income (expense): |
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Interest expense |
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(94) |
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(134) |
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(349) |
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(404) |
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Other, net |
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|
8 |
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(24) |
|
122 |
|
10 |
|
|
|
|
(86) |
|
(158) |
|
(227) |
|
(394) |
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Earnings (loss) from discontinued operations before income taxes |
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|
(3,065) |
|
370 |
|
(2,326) |
|
959 |
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Income tax (expense) benefit |
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|
63 |
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(79) |
|
(86) |
|
(202) |
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Net earnings (loss) from discontinued operations |
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|
(3,002) |
|
291 |
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(2,412) |
|
757 |
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Less net earnings (loss) from discontinued operations attributable to the noncontrolling interests |
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|
(502) |
|
58 |
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(410) |
|
146 |
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Net earnings (loss) from discontinued operations attributable to Liberty stockholders |
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$ |
(2,500) |
|
233 |
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(2,002) |
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611 |
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