Quarterly report pursuant to Section 13 or 15(d)

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

v3.21.1
Financial Information for Tracking Stock Groups - Statement of Operations (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Revenue:    
Total revenue $ 2,254 $ 2,013
Cost of services (exclusive of depreciation shown separately below):    
Subscriber acquisition costs 86 99
Other operating expenses 84 100
Selling, general and administrative 410 408
Impairment, restructuring and acquisition costs 245  
Depreciation and amortization 264 267
Total operating costs and expenses 2,112 1,767
Operating income (loss) 142 246
Other income (expense):    
Interest expense (158) (164)
Share of earnings (losses) of affiliates, net (95) (62)
Realized and unrealized gains (losses) on financial instruments, net (49) 1
Other, net 15 17
Total other income (expense) (287) (208)
Earnings (loss) before income taxes (145) 38
Income tax benefit (expense) 131 (36)
Net earnings (loss) (14) 2
Less net earnings (loss) attributable to the noncontrolling interests 49 78
Less net earnings (loss) attributable to redeemable noncontrolling interest 53  
Net earnings (loss) attributable to Liberty stockholders (116) (76)
Liberty SiriusXM Group    
Revenue:    
Total revenue 2,058 1,952
Cost of services (exclusive of depreciation shown separately below):    
Subscriber acquisition costs 86 99
Other operating expenses 64 71
Selling, general and administrative 346 342
Impairment, restructuring and acquisition costs 245  
Depreciation and amortization 149 148
Total operating costs and expenses 1,829 1,510
Operating income (loss) 229 442
Other income (expense):    
Interest expense (120) (111)
Share of earnings (losses) of affiliates, net (113) (2)
Realized and unrealized gains (losses) on financial instruments, net (86) (5)
Unrealized gains/( loss) on inter-group interests 10 31
Other, net 11 13
Total other income (expense) (298) (74)
Earnings (loss) before income taxes (69) 368
Income tax benefit (expense) 107 (76)
Net earnings (loss) 38 292
Less net earnings (loss) attributable to the noncontrolling interests 49 78
Net earnings (loss) attributable to Liberty stockholders (11) 214
Braves Group    
Revenue:    
Total revenue 16 22
Cost of services (exclusive of depreciation shown separately below):    
Other operating expenses 20 29
Selling, general and administrative 21 22
Depreciation and amortization 15 15
Total operating costs and expenses 56 66
Operating income (loss) (40) (44)
Other income (expense):    
Interest expense (6) (7)
Share of earnings (losses) of affiliates, net 3 4
Realized and unrealized gains (losses) on financial instruments, net 2 (9)
Unrealized gains/( loss) on inter-group interests (28) 95
Other, net (1) (1)
Total other income (expense) (30) 82
Earnings (loss) before income taxes (70) 38
Income tax benefit (expense) 11 15
Net earnings (loss) (59) 53
Net earnings (loss) attributable to Liberty stockholders (59) 53
Formula One Group    
Revenue:    
Total revenue 180 39
Cost of services (exclusive of depreciation shown separately below):    
Selling, general and administrative 43 44
Depreciation and amortization 100 104
Total operating costs and expenses 227 191
Operating income (loss) (47) (152)
Other income (expense):    
Interest expense (32) (46)
Share of earnings (losses) of affiliates, net 15 (64)
Realized and unrealized gains (losses) on financial instruments, net 35 15
Unrealized gains/( loss) on inter-group interests 18 (126)
Other, net 5 5
Total other income (expense) 41 (216)
Earnings (loss) before income taxes (6) (368)
Income tax benefit (expense) 13 25
Net earnings (loss) 7 (343)
Less net earnings (loss) attributable to redeemable noncontrolling interest 53  
Net earnings (loss) attributable to Liberty stockholders (46) (343)
Sirius XM Holdings Revenue    
Revenue:    
Total revenue 2,058 1,952
Sirius XM Holdings Revenue | Liberty SiriusXM Group    
Revenue:    
Total revenue 2,058 1,952
Revenue Share And Royalties    
Cost of services (exclusive of depreciation shown separately below):    
Cost of services 640 570
Revenue Share And Royalties | Liberty SiriusXM Group    
Cost of services (exclusive of depreciation shown separately below):    
Cost of services 640 570
Programming and content    
Cost of services (exclusive of depreciation shown separately below):    
Cost of services 130 118
Programming and content | Liberty SiriusXM Group    
Cost of services (exclusive of depreciation shown separately below):    
Cost of services 130 118
Customer service and billing    
Cost of services (exclusive of depreciation shown separately below):    
Cost of services 117 118
Customer service and billing | Liberty SiriusXM Group    
Cost of services (exclusive of depreciation shown separately below):    
Cost of services 117 118
Other    
Cost of services (exclusive of depreciation shown separately below):    
Cost of services 52 44
Other | Liberty SiriusXM Group    
Cost of services (exclusive of depreciation shown separately below):    
Cost of services 52 44
Primary Formula 1    
Revenue:    
Total revenue 180 39
Cost of services (exclusive of depreciation shown separately below):    
Cost of services 84 43
Primary Formula 1 | Formula One Group    
Revenue:    
Total revenue 180 39
Cost of services (exclusive of depreciation shown separately below):    
Cost of services 84 43
Other    
Revenue:    
Total revenue 16 22
Other | Braves Group    
Revenue:    
Total revenue $ 16 $ 22