Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements Of Operations

v3.5.0.2
Condensed Consolidated Statements Of Operations - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenue:        
Subscriber revenue $ 1,032 $ 936 $ 2,041 $ 1,843
Other revenue 334 286 529 460
Total Revenue 1,366 1,222 2,570 2,303
Revenue share and royalties 264 331 516 544
Programming and content 83 61 168 123
Customer service and billing 94 94 191 186
Other 45 34 78 65
Subscriber acquisition costs 129 137 261 259
Other operating expense 122 103 169 133
Selling, general and administrative 208 199 409 401
Legal settlement, net   108 (511) 108
Depreciation and amortization 93 92 180 176
Total operating costs and expenses 1,038 1,051 1,461 1,887
Operating income (loss) 328 171 1,109 416
Other income (expense):        
Interest expense (90) (83) (174) (160)
Share of earnings (losses) of affiliates, net 18   6 (37)
Realized and unrealized gains (losses) on financial instruments, net (32) 40 (40) 12
Other, net 5 6 12 8
Total other income (expense) (99) (37) (196) (177)
Earnings (loss) from continuing operations before income taxes 229 134 913 239
Income tax (expense) benefit (89) (35) (346) (121)
Net earnings (loss) 140 99 567 118
Less net earnings (losses) attributable to the noncontrolling interests 60 38 122 76
Net earnings (loss) attributable to Liberty stockholders 80 61 445 42
Liberty Media Corporation        
Other income (expense):        
Net earnings (loss) attributable to Liberty stockholders $ 13 $ 61 $ 378 $ 42
Earnings Per Share [Abstract]        
Series A, B and C common stock, basic earnings loss per share $ 0.04 $ 0.18 $ 1.13 $ 0.12
Series A, B and C common stock, diluted earnings loss per share $ 0.04 $ 0.18 $ 1.12 $ 0.12
Liberty Sirius XM Group        
Revenue:        
Subscriber revenue $ 1,032 $ 936 $ 2,041 $ 1,843
Other revenue 203 183 394 352
Total Revenue 1,235 1,119 2,435 2,195
Revenue share and royalties 264 331 516 544
Programming and content 83 61 168 123
Customer service and billing 94 94 191 186
Other 45 34 78 65
Subscriber acquisition costs 129 137 261 259
Other operating expense 20 18 39 35
Selling, general and administrative 180 169 347 341
Depreciation and amortization 77 81 156 158
Total operating costs and expenses 892 925 1,756 1,711
Operating income (loss) 343 194 679 484
Other income (expense):        
Interest expense (86) (76) (167) (149)
Share of earnings (losses) of affiliates, net 2 3 9 (4)
Other, net     1  
Total other income (expense) (84) (73) (157) (153)
Earnings (loss) from continuing operations before income taxes 259 121 522 331
Income tax (expense) benefit (99) (30) (199) (155)
Net earnings (loss) 160 91 323 176
Less net earnings (losses) attributable to the noncontrolling interests 60 38 122 76
Net earnings (loss) attributable to Liberty stockholders $ 82 53 $ 82 100
Earnings Per Share [Abstract]        
Series A, B and C common stock, basic earnings loss per share $ 0.24   $ 0.24  
Series A, B and C common stock, diluted earnings loss per share $ 0.24   $ 0.24  
Liberty Braves Group        
Revenue:        
Other revenue $ 131 103 $ 135 108
Total Revenue 131 103 135 108
Other operating expense 102 85 130 98
Selling, general and administrative 19 15 33 28
Depreciation and amortization 13 9 18 14
Total operating costs and expenses 134 109 181 140
Operating income (loss) (3) (6) (46) (32)
Other income (expense):        
Interest expense   (1)   (1)
Share of earnings (losses) of affiliates, net 2 2 4 4
Other, net (1)   (1)  
Total other income (expense) 28 1 30 3
Earnings (loss) from continuing operations before income taxes 25 (5) (16) (29)
Income tax (expense) benefit   1 16 10
Net earnings (loss) 25 (4)   (19)
Net earnings (loss) attributable to Liberty stockholders $ 32 (4) $ 32 (19)
Earnings Per Share [Abstract]        
Series A, B and C common stock, basic earnings loss per share $ 0.89   $ 0.89  
Series A, B and C common stock, diluted earnings loss per share $ 0.11   $ 0.11  
Liberty Media Group        
Revenue:        
Selling, general and administrative $ 9 15 $ 29 32
Legal settlement, net     (511)  
Depreciation and amortization 3 2 6 4
Total operating costs and expenses 12 17 (476) 36
Operating income (loss) (12) (17) 476 (36)
Other income (expense):        
Interest expense (4) (6) (7) (10)
Share of earnings (losses) of affiliates, net 14 (5) (7) (37)
Realized and unrealized gains (losses) on financial instruments, net (32) 40 (40) 12
Other, net 6 6 12 8
Total other income (expense) (43) 35 (69) (27)
Earnings (loss) from continuing operations before income taxes (55) 18 407 (63)
Income tax (expense) benefit 10 (6) (163) 24
Net earnings (loss) (45) 12 244 (39)
Net earnings (loss) attributable to Liberty stockholders $ (47) $ 12 $ (47) $ (39)
Earnings Per Share [Abstract]        
Series A, B and C common stock, basic earnings loss per share $ (0.57)   $ (0.57)  
Series A, B and C common stock, diluted earnings loss per share $ (0.57)   $ (0.57)