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Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements Of Operations

v3.7.0.1
Consolidated Statements Of Operations - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenue: Ìý Ìý Ìý Ìý
Subscriber revenue $ 1,111 $ 1,032 $ 2,189 $ 2,041
Formula 1 revenue 616 Ìý 712 Ìý
Other revenue 413 334 634 529
Total Revenue 2,140 1,366 3,535 2,570
Revenue share and royalties 293 264 570 516
Programming and content 96 83 192 168
Customer service and billing 95 94 192 191
Other 30 45 57 78
Cost of Formula 1 revenue 414 Ìý 482 Ìý
Subscriber acquisition costs 126 129 253 261
Other operating expense 153 122 194 169
Selling, general and administrative 288 208 527 409
Legal settlement, net Ìý Ìý Ìý (511)
Depreciation and amortization 223 93 387 180
Total operating costs and expenses 1,718 1,038 2,854 1,461
Operating income (loss) 422 328 681 1,109
Other income (expense): Ìý Ìý Ìý Ìý
Interest expense (149) (90) (289) (174)
Share of earnings (losses) of affiliates, net 16 18 12 6
Realized and unrealized gains (losses) on financial instruments, net (49) (32) (61) (40)
Other, net (4) 5 13 12
Total other income (expense) (186) (99) (325) (196)
Earnings (loss) from continuing operations before income taxes 236 229 356 913
Income tax (expense) benefit (80) (87) (156) (344)
Net earnings (loss) 156 142 200 569
Less net earnings (losses) attributable to the noncontrolling interests 62 60 127 123
Net earnings (loss) attributable to Liberty stockholders 94 82 73 446
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Other income (expense): Ìý Ìý Ìý Ìý
Net earnings (loss) attributable to Liberty stockholders Ìý $ 13 Ìý $ 377
Basic net earnings (loss) attributable to Liberty stockholders per common share Ìý Ìý Ìý Ìý
Series A, B and C common stock, basic earnings loss per share Ìý $ 0.04 Ìý $ 1.13
Diluted net earnings (loss) attributable to Liberty stockholders per common share Ìý Ìý Ìý Ìý
Series A, B and C common stock, diluted earnings loss per share Ìý $ 0.04 Ìý $ 1.12
Liberty Sirius XM Group Ìý Ìý Ìý Ìý
Revenue: Ìý Ìý Ìý Ìý
Subscriber revenue 1,111 $ 1,032 2,189 $ 2,041
Other revenue 237 203 453 394
Total Revenue 1,348 1,235 2,642 2,435
Revenue share and royalties 293 264 570 516
Programming and content 96 83 192 168
Customer service and billing 95 94 192 191
Other 30 45 57 78
Subscriber acquisition costs 126 129 253 261
Other operating expense 27 20 51 39
Selling, general and administrative 202 180 386 347
Depreciation and amortization 87 77 177 156
Total operating costs and expenses 956 892 1,878 1,756
Operating income (loss) 392 343 764 679
Other income (expense): Ìý Ìý Ìý Ìý
Interest expense (85) (86) (169) (167)
Share of earnings (losses) of affiliates, net (5) 2 (2) 9
Other, net (7) Ìý (1) 1
Total other income (expense) (97) (84) (172) (157)
Earnings (loss) from continuing operations before income taxes 295 259 592 522
Income tax (expense) benefit (110) (99) (218) (201)
Net earnings (loss) 185 160 374 321
Less net earnings (losses) attributable to the noncontrolling interests 62 60 127 123
Net earnings (loss) attributable to Liberty stockholders $ 123 $ 82 $ 247 $ 82
Basic net earnings (loss) attributable to Liberty stockholders per common share Ìý Ìý Ìý Ìý
Series A, B and C common stock, basic earnings loss per share $ 0.37 $ 0.24 $ 0.74 $ 0.24
Diluted net earnings (loss) attributable to Liberty stockholders per common share Ìý Ìý Ìý Ìý
Series A, B and C common stock, diluted earnings loss per share $ 0.36 $ 0.24 $ 0.73 $ 0.24
Braves Group Ìý Ìý Ìý Ìý
Revenue: Ìý Ìý Ìý Ìý
Other revenue $ 176 $ 131 $ 181 $ 135
Total Revenue 176 131 181 135
Other operating expense 126 102 143 130
Selling, general and administrative 29 19 48 33
Depreciation and amortization 24 13 26 18
Total operating costs and expenses 179 134 217 181
Operating income (loss) (3) (3) (36) (46)
Other income (expense): Ìý Ìý Ìý Ìý
Interest expense (2) Ìý (2) Ìý
Share of earnings (losses) of affiliates, net 1 2 4 4
Other, net 2 (1) 5 (1)
Total other income (expense) (2) 28 (24) 30
Earnings (loss) from continuing operations before income taxes (5) 25 (60) (16)
Income tax (expense) benefit 3 Ìý 9 16
Net earnings (loss) (2) 25 (51) Ìý
Net earnings (loss) attributable to Liberty stockholders $ (2) $ 32 $ (51) $ 32
Basic net earnings (loss) attributable to Liberty stockholders per common share Ìý Ìý Ìý Ìý
Series A, B and C common stock, basic earnings loss per share $ (0.04) $ 0.89 $ (1.04) $ 0.89
Diluted net earnings (loss) attributable to Liberty stockholders per common share Ìý Ìý Ìý Ìý
Series A, B and C common stock, diluted earnings loss per share $ (0.04) $ 0.11 $ (1.04) $ 0.11
Formula One Group Ìý Ìý Ìý Ìý
Revenue: Ìý Ìý Ìý Ìý
Formula 1 revenue $ 616 Ìý $ 712 Ìý
Total Revenue 616 Ìý 712 Ìý
Cost of Formula 1 revenue 414 Ìý 482 Ìý
Selling, general and administrative 57 $ 9 93 $ 29
Legal settlement, net Ìý Ìý Ìý (511)
Depreciation and amortization 112 3 184 6
Total operating costs and expenses 583 12 759 (476)
Operating income (loss) 33 (12) (47) 476
Other income (expense): Ìý Ìý Ìý Ìý
Interest expense (62) (4) (118) (7)
Share of earnings (losses) of affiliates, net 20 14 10 (7)
Realized and unrealized gains (losses) on financial instruments, net (49) (32) (61) (40)
Other, net 1 6 9 12
Total other income (expense) (87) (43) (129) (69)
Earnings (loss) from continuing operations before income taxes (54) (55) (176) 407
Income tax (expense) benefit 27 12 53 (159)
Net earnings (loss) (27) (43) (123) 248
Net earnings (loss) attributable to Liberty stockholders $ (27) $ (45) $ (123) $ (45)
Basic net earnings (loss) attributable to Liberty stockholders per common share Ìý Ìý Ìý Ìý
Series A, B and C common stock, basic earnings loss per share $ (0.13) $ (0.54) $ (0.65) $ (0.54)
Diluted net earnings (loss) attributable to Liberty stockholders per common share Ìý Ìý Ìý Ìý
Series A, B and C common stock, diluted earnings loss per share $ (0.13) $ (0.54) $ (0.65) $ (0.54)