Quarterly report pursuant to Section 13 or 15(d)

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

v3.24.3
Financial Information for Tracking Stock Groups - Statement of Operations (Details) - 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 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/( loss) on inter-group 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 benefit (expense) (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        
Revenue:        
Total revenue 911 887 2,486 1,992
Operating expenses:        
Other operating expense 2   8  
Selling, general and administrative, including stock-based compensation 113 79 295 223
Impairment and acquisition costs 3   23  
Depreciation and amortization 88 86 263 254
Total operating costs and expenses 801 780 2,222 1,817
Operating income (loss) 110 107 264 175
Other income (expense):        
Interest expense (54) (56) (162) (161)
Share of earnings (losses) of affiliates, net (1) 2 (6) (1)
Realized and unrealized gains (losses) on financial instruments, net 39 66 86 83
Unrealized gains/( loss) on inter-group interests   16   15
Other, net 21 14 56 48
Total other income (expense) 5 42 (26) (16)
Earnings (loss) from continuing operations before income taxes 115 149 238 159
Income tax benefit (expense) 2 (31) (20) (35)
Net earnings (loss) from continuing operations 117 118 218 124
Net earnings (loss) 117 118 218 124
Less net earnings (loss) attributable to the noncontrolling interests       (1)
Net earnings (loss) attributable to Liberty stockholders 117 118 218 125
Liberty Live Group        
Operating expenses:        
Selling, general and administrative, including stock-based compensation 3 5 7 5
Total operating costs and expenses 3 5 7 5
Operating income (loss) (3) (5) (7) (5)
Other income (expense):        
Interest expense (8) (2) (22) (2)
Share of earnings (losses) of affiliates, net 117 90 181 90
Realized and unrealized gains (losses) on financial instruments, net (94) (72) (75) (72)
Other, net 8 (35) 20 (35)
Total other income (expense) 23 (19) 104 (19)
Earnings (loss) from continuing operations before income taxes 20 (24) 97 (24)
Income tax benefit (expense) (5) 5 (21) 5
Net earnings (loss) from continuing operations 15 (19) 76 (19)
Net earnings (loss) 15 (19) 76 (19)
Net earnings (loss) attributable to Liberty stockholders 15 (19) 76 (19)
Liberty SiriusXM Group        
Other income (expense):        
Interest expense   (1)   (4)
Share of earnings (losses) of affiliates, net   50   127
Realized and unrealized gains (losses) on financial instruments, net   45   (59)
Other, net   1   (6)
Total other income (expense)   95   58
Earnings (loss) from continuing operations before income taxes   95   58
Income tax benefit (expense)   (21)   (13)
Net earnings (loss) from continuing operations   74   45
Net earnings (loss) from discontinued operations (3,002) 291 (2,412) 757
Net earnings (loss) (3,002) 365 (2,412) 802
Less net earnings (loss) attributable to the noncontrolling interests (502) 58 (410) 146
Net earnings (loss) attributable to Liberty stockholders (2,500) 307 (2,002) 656
Braves Group        
Revenue:        
Total revenue   49   350
Operating expenses:        
Other operating expense   38   274
Selling, general and administrative, including stock-based compensation   9   69
Impairment and acquisition costs       1
Depreciation and amortization   3   37
Total operating costs and expenses   50   381
Operating income (loss)   (1)   (31)
Other income (expense):        
Interest expense   (3)   (21)
Share of earnings (losses) of affiliates, net   1   12
Realized and unrealized gains (losses) on financial instruments, net       3
Unrealized gains/( loss) on inter-group interests   (20)   (83)
Other, net   1   5
Total other income (expense)   (21)   (84)
Earnings (loss) from continuing operations before income taxes   (22)   (115)
Income tax benefit (expense)   1   6
Net earnings (loss) from continuing operations   (21)   (109)
Net earnings (loss)   (21)   (109)
Net earnings (loss) attributable to Liberty stockholders   (21)   (109)
Formula 1        
Revenue:        
Total revenue 848 887 2,251 1,992
Operating expenses:        
Cost of services 554 615 1,472 1,340
Formula 1 | Formula One Group        
Revenue:        
Total revenue 848 887 2,251 1,992
Operating expenses:        
Cost of services 554 615 1,472 1,340
Other        
Revenue:        
Total revenue 63 49 235 350
Operating expenses:        
Cost of services 41   161  
Other | Formula One Group        
Revenue:        
Total revenue 63   235  
Operating expenses:        
Cost of services $ 41   $ 161  
Other | Braves Group        
Revenue:        
Total revenue   $ 49   $ 350