Information About Liberty's Operating Segments (Tables)
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12 Months Ended |
Dec. 31, 2024 |
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| Information About Liberty's Operating Segments |
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| Schedule of performance measures |
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Year ended December 31, 2024 |
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Corporate and |
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Formula One |
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Other |
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Eliminations |
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Total |
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|
|
|
amounts in millions |
|
Revenue |
|
$ |
3,411 |
|
373 |
|
(131) |
|
3,653 |
|
Operating expenses |
|
|
|
|
|
|
|
|
|
|
Team payments |
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|
(1,266) |
|
— |
|
— |
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(1,266) |
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Other cost of revenue |
|
|
(1,066) |
|
(194) |
|
38 |
|
(1,222) |
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Other operating expenses |
|
|
— |
|
(105) |
|
92 |
|
(13) |
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Total operating expenses |
|
|
(2,332) |
|
(299) |
|
130 |
|
(2,501) |
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Selling, general and administrative, excluding stock-based compensation |
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|
(288) |
|
(98) |
|
1 |
|
(385) |
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Adjusted OIBDA |
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$ |
791 |
|
(24) |
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— |
|
767 |
|
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Year ended December 31, 2023 |
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Corporate and |
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Formula One |
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Other |
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Eliminations |
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Total |
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amounts in millions |
|
Revenue |
|
$ |
3,222 |
|
366 |
|
(16) |
|
3,572 |
|
Operating expenses |
|
|
|
|
|
|
|
|
|
|
Team payments |
|
|
(1,215) |
|
— |
|
— |
|
(1,215) |
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Other cost of revenue |
|
|
(1,041) |
|
— |
|
16 |
|
(1,025) |
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Other operating expenses |
|
|
— |
|
(274) |
|
— |
|
(274) |
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Total operating expenses |
|
|
(2,256) |
|
(274) |
|
16 |
|
(2,514) |
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Selling, general and administrative, excluding stock-based compensation |
|
|
(241) |
|
(126) |
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— |
|
(367) |
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Adjusted OIBDA |
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$ |
725 |
|
(34) |
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— |
|
691 |
|
|
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Year ended December 31, 2022 |
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Corporate and |
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|
|
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|
Formula One |
|
Other |
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Total |
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|
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|
amounts in millions |
|
Revenue |
|
$ |
2,573 |
|
588 |
|
3,161 |
|
Operating expenses |
|
|
|
|
|
|
|
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Team payments |
|
|
(1,157) |
|
— |
|
(1,157) |
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Other cost of revenue |
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|
(593) |
|
— |
|
(593) |
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Other operating expenses |
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|
— |
|
(434) |
|
(434) |
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Total operating expenses |
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|
(1,750) |
|
(434) |
|
(2,184) |
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Selling, general and administrative, excluding stock-based compensation |
|
|
(230) |
|
(135) |
|
(365) |
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Adjusted OIBDA |
|
$ |
593 |
|
19 |
|
612 |
|
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| Schedule of other information by segment |
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December 31, 2024 |
|
December 31, 2023 |
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Total |
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Investments |
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Total |
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Investments |
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|
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assets |
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in affiliates |
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assets |
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in affiliates |
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amounts in millions |
Formula One Group |
|
|
|
|
|
|
|
|
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Formula 1 |
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|
9,159 |
|
4 |
|
9,057 |
|
2 |
|
Corporate and other |
|
|
2,727 |
|
29 |
|
1,236 |
|
39 |
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Intergroup elimination |
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|
(127) |
|
— |
|
(26) |
|
— |
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Total Formula One Group |
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|
11,759 |
|
33 |
|
10,267 |
|
41 |
|
Liberty Live Group |
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|
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Corporate and other |
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|
1,223 |
|
458 |
|
1,162 |
|
333 |
|
Total Liberty Live Group |
|
|
1,223 |
|
458 |
|
1,162 |
|
333 |
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Elimination |
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|
(34) |
|
— |
|
(3) |
|
— |
|
Assets of discontinued operations |
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|
— |
|
— |
|
29,901 |
|
— |
|
Consolidated Liberty |
|
$ |
12,948 |
|
491 |
|
41,327 |
|
374 |
|
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| Schedule Of reconciliation of adjusted OIBDA to operating income (loss) and earnings (loss) from continuing operations before income taxes |
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Years ended December 31, |
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|
2024 |
|
2023 |
|
2022 |
|
|
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amounts in millions |
|
Adjusted OIBDA |
|
$ |
767 |
|
691 |
|
612 |
|
Stock-based compensation |
|
|
(34) |
|
(29) |
|
(28) |
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Depreciation and amortization |
|
|
(352) |
|
(406) |
|
(433) |
|
Impairment and acquisition costs |
|
|
(105) |
|
(1) |
|
(6) |
|
Operating income (loss) |
|
|
276 |
|
255 |
|
145 |
|
Interest expense |
|
|
(237) |
|
(248) |
|
(186) |
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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 |
|
Earnings (loss) from continuing operations before income taxes |
|
$ |
(24) |
|
(25) |
|
707 |
|
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| Revenue by Geographic Area |
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Years ended December 31, |
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|
|
2024 |
|
2023 |
|
2022 |
|
|
|
|
amounts in millions |
|
United States |
|
$ |
335 |
|
350 |
|
588 |
|
United Kingdom |
|
|
3,318 |
|
3,222 |
|
2,573 |
|
|
|
$ |
3,653 |
|
3,572 |
|
3,161 |
|
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| Long-lived Assets by Geographic Area |
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December 31, |
|
|
|
2024 |
|
2023 |
|
|
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|
amounts in millions |
|
United States |
|
$ |
730 |
|
757 |
|
United Kingdom |
|
|
80 |
|
81 |
|
|
|
$ |
810 |
|
838 |
|
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