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 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Revenue:        
Subscriber revenue $ 1,069 $ 969 $ 3,110 $ 2,812
Other revenue 316 315 845 775
Total Revenue 1,385 1,284 3,955 3,587
Revenue share and royalties 273 239 789 783
Programming and content 90 68 258 191
Customer service and billing 95 94 286 280
Other 31 33 109 98
Subscriber acquisition costs 121 133 382 392
Other operating expense 96 93 265 226
Selling, general and administrative 235 207 644 608
Legal settlement, net     (511)  
Depreciation and amortization 92 96 272 272
Total operating costs and expenses 1,033 963 2,494 2,850
Operating income (loss) 352 321 1,461 737
Other income (expense):        
Interest expense (98) (84) (272) (244)
Share of earnings (losses) of affiliates, net 37 29 43 (8)
Realized and unrealized gains (losses) on financial instruments, net 7 (200) (33) (188)
Other, net 5 4 17 12
Total other income (expense) (49) (251) (245) (428)
Earnings (loss) from continuing operations before income taxes 303 70 1,216 309
Income tax (expense) benefit (134) (29) (478) (150)
Net earnings (loss) 169 41 738 159
Less net earnings (losses) attributable to the noncontrolling interests 54 63 177 139
Net earnings (loss) attributable to Liberty stockholders 115 (22) 561 20
Liberty Media Corporation        
Other income (expense):        
Net earnings (loss) attributable to Liberty stockholders   $ (22) $ 377 $ 20
Earnings Per Share [Abstract]        
Series A, B and C common stock, basic earnings loss per share   $ (0.07) $ 1.13 $ 0.06
Series A, B and C common stock, diluted earnings loss per share   $ (0.07) $ 1.12 $ 0.06
Liberty Sirius XM Group        
Revenue:        
Subscriber revenue 1,069 $ 969 $ 3,110 $ 2,812
Other revenue 207 196 601 548
Total Revenue 1,276 1,165 3,711 3,360
Revenue share and royalties 273 239 789 783
Programming and content 90 68 258 191
Customer service and billing 95 94 286 280
Other 31 33 109 98
Subscriber acquisition costs 121 133 382 392
Other operating expense 18 18 57 53
Selling, general and administrative 202 170 549 511
Depreciation and amortization 79 82 235 240
Total operating costs and expenses 909 837 2,665 2,548
Operating income (loss) 367 328 1,046 812
Other income (expense):        
Interest expense (93) (80) (260) (229)
Share of earnings (losses) of affiliates, net 2 1 11 (3)
Other, net 1   2  
Total other income (expense) (90) (79) (247) (232)
Earnings (loss) from continuing operations before income taxes 277 249 799 580
Income tax (expense) benefit (127) (97) (328) (252)
Net earnings (loss) 150 152 471 328
Less net earnings (losses) attributable to the noncontrolling interests 54 63 177 139
Net earnings (loss) attributable to Liberty stockholders $ 96 89 $ 178 189
Earnings Per Share [Abstract]        
Series A, B and C common stock, basic earnings loss per share $ 0.29   $ 0.53  
Series A, B and C common stock, diluted earnings loss per share $ 0.28   $ 0.53  
Liberty Braves Group        
Revenue:        
Other revenue $ 109 119 $ 244 227
Total Revenue 109 119 244 227
Other operating expense 78 75 208 173
Selling, general and administrative 18 17 51 45
Depreciation and amortization 12 11 30 25
Total operating costs and expenses 108 103 289 243
Operating income (loss) 1 16 (45) (16)
Other income (expense):        
Interest expense   (1)   (2)
Share of earnings (losses) of affiliates, net 2 2 6 6
Other, net 1      
Total other income (expense) (22) 1 8 4
Earnings (loss) from continuing operations before income taxes (21) 17 (37) (12)
Income tax (expense) benefit (1) (7) 15 3
Net earnings (loss) (22) 10 (22) (9)
Net earnings (loss) attributable to Liberty stockholders $ (22) 10 $ 10 (9)
Earnings Per Share [Abstract]        
Series A, B and C common stock, basic earnings loss per share $ (0.45)   $ 0.23  
Series A, B and C common stock, diluted earnings loss per share $ (0.45)   $ 0.15  
Liberty Media Group        
Revenue:        
Selling, general and administrative $ 15 20 $ 44 52
Legal settlement, net     (511)  
Depreciation and amortization 1 3 7 7
Total operating costs and expenses 16 23 (460) 59
Operating income (loss) (16) (23) 460 (59)
Other income (expense):        
Interest expense (5) (3) (12) (13)
Share of earnings (losses) of affiliates, net 33 26 26 (11)
Realized and unrealized gains (losses) on financial instruments, net 7 (200) (33) (188)
Other, net 3 4 15 12
Total other income (expense) 63 (173) (6) (200)
Earnings (loss) from continuing operations before income taxes 47 (196) 454 (259)
Income tax (expense) benefit (6) 75 (165) 99
Net earnings (loss) 41 (121) 289 (160)
Net earnings (loss) attributable to Liberty stockholders $ 41 $ (121) $ (4) $ (160)
Earnings Per Share [Abstract]        
Series A, B and C common stock, basic earnings loss per share $ 0.49   $ (0.05)  
Series A, B and C common stock, diluted earnings loss per share $ 0.48   $ (0.05)