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Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

v3.22.2
Condensed Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenue:
Total revenue $ 3,258 $ 2,876 $ 5,827 $ 5,130
Operating costs and expenses, including stock-based compensation:
Subscriber acquisition costs 91 89 181 175
Other operating expense 247 208 337 292
Selling, general and administrative 520 445 1,002 855
Impairment, restructuring and acquisition costs, net of recoveries 1 (137) 1 108
Depreciation and amortization 262 268 522 532
Total operating costs and expenses 2,702 2,254 4,808 4,366
Operating income (loss) 556 622 1,019 764
Other income (expense):
Interest expense (161) (158) (318) (316)
Share of earnings (losses) of affiliates, net 61 (48) 47 (143)
Realized and unrealized gains (losses) on financial instruments, net 380 155 439 106
Other, net 22 13 67 28
Total other income (expense) 302 (38) 235 (325)
Earnings (loss) before income taxes 858 584 1,254 439
Income tax (expense) benefit (184) (56) (284) 75
Net earnings (loss) 674 528 970 514
Less net earnings (loss) attributable to the noncontrolling interests 53 111 118 160
Less net earnings (loss) attributable to redeemable noncontrolling interest (1) (10) 53
Net earnings (loss) attributable to Liberty stockholders 622 417 862 301
Liberty SiriusXM Group
Other income (expense):
Net earnings (loss) attributable to Liberty stockholders $ 447 $ 337 $ 735 $ 326
Basic net earnings (loss) attributable to Liberty stockholders per common share
Series A, B and C common stock, basic earnings loss per share $ 1.36 $ 1.01 $ 2.23 $ 0.97
Diluted net earnings (loss) attributable to Liberty stockholders per common share
Series A, B and C common stock, diluted earnings loss per share $ 1.24 $ 1.00 $ 2.06 $ 0.96
Braves Group
Other income (expense):
Net earnings (loss) attributable to Liberty stockholders $ 64 $ 25 $ 51 $ (34)
Basic net earnings (loss) attributable to Liberty stockholders per common share
Series A, B and C common stock, basic earnings loss per share $ 1.21 $ 0.48 $ 0.96 $ (0.65)
Diluted net earnings (loss) attributable to Liberty stockholders per common share
Series A, B and C common stock, diluted earnings loss per share $ 0.47 $ 0.39 $ 0.24 $ (0.65)
Formula One Group
Other income (expense):
Net earnings (loss) attributable to Liberty stockholders $ 111 $ 55 $ 76 $ 9
Basic net earnings (loss) attributable to Liberty stockholders per common share
Series A, B and C common stock, basic earnings loss per share $ 0.48 $ 0.24 $ 0.33 $ 0.04
Diluted net earnings (loss) attributable to Liberty stockholders per common share
Series A, B and C common stock, diluted earnings loss per share $ 0.35 $ 0.24 $ 0.29 $ 0.04
Sirius XM Holdings Revenue
Revenue:
Total revenue $ 2,254 $ 2,159 $ 4,440 $ 4,217
Revenue Share And Royalties
Operating costs and expenses, including stock-based compensation:
Cost of services 711 663 1,381 1,303
Programming and content expense
Operating costs and expenses, including stock-based compensation:
Cost of services 152 135 292 265
Customer service and billing
Operating costs and expenses, including stock-based compensation:
Cost of services 126 127 251 244
Other cost of subscriber services
Operating costs and expenses, including stock-based compensation:
Cost of services 58 58 112 110
Primary Formula 1
Revenue:
Total revenue 744 501 1,104 681
Operating costs and expenses, including stock-based compensation:
Cost of services 534 398 729 482
Other.
Revenue:
Total revenue $ 260 $ 216 $ 283 $ 232