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Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements Of Operations

v3.8.0.1
Consolidated Statements Of Operations - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenue: Ìý Ìý Ìý Ìý
Subscriber revenue $ 1,136 $ 1,069 $ 3,325 $ 3,110
Formula 1 revenue 501 Ìý 1,213 Ìý
Other revenue 428 316 1,062 845
Total Revenue 2,065 1,385 5,600 3,955
Revenue share and royalties 297 273 867 789
Programming and content 98 90 290 258
Customer service and billing 95 95 287 286
Other 29 31 86 109
Cost of Formula 1 revenue 354 Ìý 836 Ìý
Subscriber acquisition costs 119 121 372 382
Other operating expense 139 96 333 265
Selling, general and administrative 324 235 851 644
Legal settlement, net Ìý Ìý Ìý (511)
Depreciation and amortization 228 92 615 272
Total operating costs and expenses 1,683 1,033 4,537 2,494
Operating income (loss) 382 352 1,063 1,461
Other income (expense): Ìý Ìý Ìý Ìý
Interest expense (159) (98) (448) (272)
Share of earnings (losses) of affiliates, net 155 37 167 43
Realized and unrealized gains (losses) on financial instruments, net 18 7 (43) (33)
Other, net (11) 5 2 17
Total other income (expense) 3 (49) (322) (245)
Earnings (loss) from continuing operations before income taxes 385 303 741 1,216
Income tax (expense) benefit (124) (134) (280) (478)
Net earnings (loss) 261 169 461 738
Less net earnings (losses) attributable to the noncontrolling interests 93 54 220 177
Net earnings (loss) attributable to Liberty stockholders 168 115 241 561
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Other income (expense): Ìý Ìý Ìý Ìý
Net earnings (loss) attributable to Liberty stockholders Ìý Ìý 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 Ìý 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 Ìý Ìý $ 1.12
Liberty Sirius XM Group Ìý Ìý Ìý Ìý
Revenue: Ìý Ìý Ìý Ìý
Subscriber revenue 1,136 1,069 3,325 $ 3,110
Other revenue 243 207 696 601
Total Revenue 1,379 1,276 4,021 3,711
Revenue share and royalties 297 273 867 789
Programming and content 98 90 290 258
Customer service and billing 95 95 287 286
Other 29 31 86 109
Subscriber acquisition costs 119 121 372 382
Other operating expense 30 18 81 57
Selling, general and administrative 210 202 596 549
Depreciation and amortization 93 79 270 235
Total operating costs and expenses 971 909 2,849 2,665
Operating income (loss) 408 367 1,172 1,046
Other income (expense): Ìý Ìý Ìý Ìý
Interest expense (95) (93) (264) (260)
Share of earnings (losses) of affiliates, net 34 2 32 11
Realized and unrealized gains (losses) on financial instruments, net 62 Ìý 62 Ìý
Other, net (19) 1 (20) 2
Total other income (expense) (18) (90) (190) (247)
Earnings (loss) from continuing operations before income taxes 390 277 982 799
Income tax (expense) benefit (116) (127) (334) (328)
Net earnings (loss) 274 150 648 471
Less net earnings (losses) attributable to the noncontrolling interests 91 54 218 177
Net earnings (loss) attributable to Liberty stockholders $ 183 $ 96 $ 430 $ 178
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 $ 0.54 $ 0.29 $ 1.28 $ 0.53
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 $ 0.54 $ 0.28 $ 1.26 $ 0.53
Braves Group Ìý Ìý Ìý Ìý
Revenue: Ìý Ìý Ìý Ìý
Other revenue $ 185 $ 109 $ 366 $ 244
Total Revenue 185 109 366 244
Other operating expense 109 78 252 208
Selling, general and administrative 61 18 109 51
Depreciation and amortization 24 12 50 30
Total operating costs and expenses 194 108 411 289
Operating income (loss) (9) 1 (45) (45)
Other income (expense): Ìý Ìý Ìý Ìý
Interest expense (7) Ìý (9) Ìý
Share of earnings (losses) of affiliates, net 68 2 72 6
Other, net 1 1 6 Ìý
Total other income (expense) 50 (22) 26 8
Earnings (loss) from continuing operations before income taxes 41 (21) (19) (37)
Income tax (expense) benefit (19) (1) (10) 15
Net earnings (loss) 22 (22) (29) (22)
Net earnings (loss) attributable to Liberty stockholders $ 22 $ (22) $ (29) $ 10
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 $ 0.45 $ (0.45) $ (0.59) $ 0.23
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 $ 0.45 $ (0.45) $ (0.59) $ 0.15
Formula One Group Ìý Ìý Ìý Ìý
Revenue: Ìý Ìý Ìý Ìý
Formula 1 revenue $ 501 Ìý $ 1,213 Ìý
Total Revenue 501 Ìý 1,213 Ìý
Cost of Formula 1 revenue 354 Ìý 836 Ìý
Selling, general and administrative 53 $ 15 146 $ 44
Legal settlement, net Ìý Ìý Ìý (511)
Depreciation and amortization 111 1 295 7
Total operating costs and expenses 518 16 1,277 (460)
Operating income (loss) (17) (16) (64) 460
Other income (expense): Ìý Ìý Ìý Ìý
Interest expense (57) (5) (175) (12)
Share of earnings (losses) of affiliates, net 53 33 63 26
Realized and unrealized gains (losses) on financial instruments, net (44) 7 (105) (33)
Other, net 7 3 16 15
Total other income (expense) (29) 63 (158) (6)
Earnings (loss) from continuing operations before income taxes (46) 47 (222) 454
Income tax (expense) benefit 11 (6) 64 (165)
Net earnings (loss) (35) 41 (158) 289
Less net earnings (losses) attributable to the noncontrolling interests 2 Ìý 2 Ìý
Net earnings (loss) attributable to Liberty stockholders $ (37) $ 41 $ (160) $ (4)
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 $ (0.17) $ 0.49 $ (0.80) $ (0.05)
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 $ (0.17) $ 0.48 $ (0.80) $ (0.05)