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Annual report pursuant to Section 13 and 15(d)

Financial Information for Tracking Stock Groups - Statement of Operations (Details)

v3.22.4
Financial Information for Tracking Stock Groups - Statement of Operations (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenue:
Total revenue $ 12,164 $ 11,400 $ 9,363
Operating costs and expenses, including stock-based compensation:
Subscriber acquisition costs 352 325 362
Other operating expenses 719 642 434
Selling, general and administrative 2,031 1,907 1,750
Impairment, restructuring and acquisition costs, net of recoveries 74 20 1,004
Depreciation and amortization 1,044 1,072 1,083
Total operating costs and expenses 10,100 9,423 9,186
Operating income (loss) 2,064 1,977 177
Other income (expense):
Interest expense (689) (642) (634)
Share of earnings (losses) of affiliates, net 99 (200) (586)
Realized and unrealized gains (losses) on financial instruments, net 599 (451) (402)
Gains (losses) on dilution of investment in affiliate 10 152 4
Other, net 110 (47) 6
Total other income (expense) 129 (1,188) (1,612)
Earnings (loss) before income taxes 2,193 789 (1,435)
Income tax benefit (expense) (164) (45) 44
Net earnings (loss) 2,029 744 (1,391)
Less net earnings (loss) attributable to the noncontrolling interests 227 292 30
Less net earnings (loss) attributable to redeemable noncontrolling interest (13) 54
Net earnings (loss) attributable to Liberty stockholders 1,815 398 (1,421)
Liberty SiriusXM Group
Revenue:
Total revenue 9,003 8,696 8,040
Operating costs and expenses, including stock-based compensation:
Subscriber acquisition costs 352 325 362
Other operating expenses 285 265 264
Selling, general and administrative 1,638 1,598 1,509
Impairment, restructuring and acquisition costs, net of recoveries 68 20 1,004
Depreciation and amortization 611 603 573
Total operating costs and expenses 7,084 6,779 7,291
Operating income (loss) 1,919 1,917 749
Other income (expense):
Interest expense (511) (495) (462)
Share of earnings (losses) of affiliates, net 67 (253) (484)
Intergroup interest income (expense) (7)
Realized and unrealized gains (losses) on financial instruments, net 471 (433) (521)
Gains (losses) on dilution of investment in affiliate 10 152 4
Unrealized gains/( loss) on inter-group interests (19) 121 125
Other, net 32 (60) (17)
Total other income (expense) 50 (968) (1,362)
Earnings (loss) before income taxes 1,969 949 (613)
Income tax benefit (expense) (467) (74) (106)
Net earnings (loss) 1,502 875 (719)
Less net earnings (loss) attributable to the noncontrolling interests 210 276 28
Net earnings (loss) attributable to Liberty stockholders 1,292 599 (747)
Braves Group
Revenue:
Total revenue 588 568 178
Operating costs and expenses, including stock-based compensation:
Other operating expenses 434 377 170
Selling, general and administrative 105 99 67
Impairment, restructuring and acquisition costs, net of recoveries 6
Depreciation and amortization 71 72 69
Total operating costs and expenses 616 548 306
Operating income (loss) (28) 20 (128)
Other income (expense):
Interest expense (29) (24) (26)
Share of earnings (losses) of affiliates, net 32 30 6
Realized and unrealized gains (losses) on financial instruments, net 13 3 (10)
Unrealized gains/( loss) on inter-group interests (35) (31) 42
Other, net 20 (1)
Total other income (expense) 1 (23) 12
Earnings (loss) before income taxes (27) (3) (116)
Income tax benefit (expense) (8) (8) 38
Net earnings (loss) (35) (11) (78)
Net earnings (loss) attributable to Liberty stockholders (35) (11) (78)
Formula One Group
Revenue:
Total revenue 2,573 2,136 1,145
Operating costs and expenses, including stock-based compensation:
Selling, general and administrative 288 210 174
Depreciation and amortization 362 397 441
Total operating costs and expenses 2,400 2,096 1,589
Operating income (loss) 173 40 (444)
Other income (expense):
Interest expense (149) (123) (146)
Share of earnings (losses) of affiliates, net 23 (108)
Intergroup interest income (expense) 7
Realized and unrealized gains (losses) on financial instruments, net 115 (21) 129
Unrealized gains/( loss) on inter-group interests 54 (90) (167)
Other, net 58 14 23
Total other income (expense) 78 (197) (262)
Earnings (loss) before income taxes 251 (157) (706)
Income tax benefit (expense) 311 37 112
Net earnings (loss) 562 (120) (594)
Less net earnings (loss) attributable to the noncontrolling interests 17 16 2
Less net earnings (loss) attributable to redeemable noncontrolling interest (13) 54
Net earnings (loss) attributable to Liberty stockholders 558 (190) (596)
Sirius XM Holdings Revenue
Revenue:
Total revenue 9,003 8,696 8,040
Sirius XM Holdings Revenue | Liberty SiriusXM Group
Revenue:
Total revenue 9,003 8,696 8,040
Revenue Share And Royalties
Operating costs and expenses, including stock-based compensation:
Cost of services 2,802 2,672 2,421
Revenue Share And Royalties | Liberty SiriusXM Group
Operating costs and expenses, including stock-based compensation:
Cost of services 2,802 2,672 2,421
Programming and content
Operating costs and expenses, including stock-based compensation:
Cost of services 604 559 481
Programming and content | Liberty SiriusXM Group
Operating costs and expenses, including stock-based compensation:
Cost of services 604 559 481
Customer service and billing
Operating costs and expenses, including stock-based compensation:
Cost of services 497 501 481
Customer service and billing | Liberty SiriusXM Group
Operating costs and expenses, including stock-based compensation:
Cost of services 497 501 481
Other cost of subscriber services
Operating costs and expenses, including stock-based compensation:
Cost of services 227 236 196
Other cost of subscriber services | Liberty SiriusXM Group
Operating costs and expenses, including stock-based compensation:
Cost of services 227 236 196
Formula 1
Revenue:
Total revenue 2,573 2,136 1,145
Operating costs and expenses, including stock-based compensation:
Cost of services 1,750 1,489 974
Formula 1 | Formula One Group
Revenue:
Total revenue 2,573 2,136 1,145
Operating costs and expenses, including stock-based compensation:
Cost of services 1,750 1,489 974
Other.
Revenue:
Total revenue 588 568 178
Other. | Braves Group
Revenue:
Total revenue $ 588 $ 568 $ 178