Annual report [Section 13 and 15(d), not S-K Item 405]

Consolidated Statements Of Operations

v3.25.0.1
Consolidated Statements Of Operations - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Revenue:      
Total revenue $ 3,653 $ 3,572 $ 3,161
Operating costs and expenses:      
Other operating expenses 13 274 434
Selling, general and administrative, including stock-based compensation 419 396 393
Depreciation and amortization 352 406 433
Impairment and acquisition costs 105 1 6
Total operating costs and expenses 3,377 3,317 3,016
Operating income (loss) 276 255 145
Other income (expense):      
Interest expense (237) (248) (186)
Share of earnings (losses) of affiliates, net 228 157 104
Realized and unrealized gains (losses) on financial instruments, net (383) (167) 524
Unrealized gains (losses) on intergroup interests   (68) 19
Other, net 92 46 101
Total other income (expense) (300) (280) 562
Earnings (loss) from continuing operations before income taxes (24) (25) 707
Income tax (expense) benefit (39) 1 202
Net earnings (loss) from continuing operations (63) (24) 909
Net earnings (loss) from discontinued operations (2,412) 986 1,120
Net earnings (loss) (2,475) 962 2,029
Less net earnings (loss) attributable to the noncontrolling interests (412) 201 227
Less net earnings (loss) attributable to redeemable noncontrolling interest     (13)
Net earnings (loss) attributable to Liberty stockholders (2,063) 761 1,815
Formula One Group      
Other income (expense):      
Net earnings (loss) from continuing operations attributable to Liberty stockholders $ (30) $ 185 $ 558
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 $ (0.13) $ 0.79 $ 2.39
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 $ (0.13) $ 0.62 $ 2.15
Liberty Live Group      
Other income (expense):      
Net earnings (loss) from continuing operations attributable to Liberty stockholders $ (31) $ (142)  
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 $ (0.34) $ (1.54)  
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 $ (0.34) $ (1.54)  
Liberty SiriusXM Group      
Other income (expense):      
Net earnings (loss) from continuing operations attributable to Liberty stockholders   $ 45 $ 382
Net earnings (loss) from discontinued operations attributable to Liberty stockholders $ (2,002) $ 784 $ 910
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   $ 0.14 $ 1.16
Basic net earnings (loss) from discontinued operations attributable to Liberty stockholders per common share $ (6.12) 2.4 2.77
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   0.13 1.11
Diluted net earnings (loss) from discontinued operations attributable to Liberty stockholders per common share $ (6.16) $ 2.29 $ 2.55
Liberty Braves Group      
Other income (expense):      
Net earnings (loss) from continuing operations attributable to Liberty stockholders   $ (111) $ (35)
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   $ (2.09) $ (0.66)
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   $ (2.09) $ (0.66)
Formula 1      
Revenue:      
Total revenue $ 3,318 $ 3,222 $ 2,573
Operating costs and expenses:      
Cost of services 2,294 2,240 1,750
Other      
Revenue:      
Total revenue 335 $ 350 $ 588
Operating costs and expenses:      
Cost of services $ 194