LIBERTY MEDIA CORPORATION LSXMA Income Statement

Liberty media corporation (LSXMA)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12
Revenue:
Total revenue
10,293	10,292	9,682	9,141	8,535	8,040	8,025	7,775	7,716	7,594	6,921	6,241	5,467	5,276	5,163	5,062	4,918	4,795	4,682	4,582	4,520	4,450	4,380	4,306	4,224	4,002	3,021	2,065	1,122	368	0	0	0
Cost of services (exclusive of depreciation shown separately below):
Subscriber revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,105	4,005	3,909	3,807	3,724	3,647	3,580	3,514	3,453	3,393	3,337	3,131	0	0	0	-	0	0	0
Other revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,058	1,057	1,009	988	958	935	940	936	927	913	887	871	741	617	487	368	0	0	0
Revenue share and royalties
-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,041	1,007	1,074	1,035	993	958	828	810	810	781	745	679	0	0	0	-	0	0	0
Programming and content
-	-	-	-	-	-	-	-	-	-	-	-	-	-	334	312	290	267	259	257	258	262	258	256	255	243	0	0	0	-	0	0	0
Customer service and billing
-	-	-	-	-	-	-	-	-	-	-	-	-	-	386	385	385	380	377	377	373	373	360	343	334	308	0	0	0	-	0	0	0
Other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	152	154	143	141	136	136	136	135	127	119	112	104	0	0	0	-	0	0	0
Subscriber acquisition costs
418	427	431	440	455	470	479	488	495	499	503	505	508	513	523	535	543	533	518	505	492	493	491	502	514	491	0	0	0	-	0	0	0
Other operating expenses
635	620	567	481	402	388	408	410	439	409	374	331	300	306	301	298	279	262	256	282	290	304	304	289	286	284	283	274	247	230	0	0	0
Selling, general and administrative
1,818	1,809	1,604	1,452	1,316	1,182	1,149	1,185	1,173	1,147	1,093	1,004	924	886	897	869	860	861	841	843	859	873	856	854	825	764	613	443	298	176	0	0	0
Acquisition and other related costs
-	84	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Legal settlement, net
-	-	-	-	-	-	-	-	-	-	-	-	-	511	0	0	0	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
1,080	1,061	1,014	977	937	905	890	884	876	824	697	561	431	354	362	366	365	362	359	353	353	359	350	339	335	315	247	180	103	42	0	0	0
Total operating costs and expenses
8,777	8,822	8,135	7,570	7,051	6,529	6,562	6,461	6,354	6,200	5,585	4,935	4,255	3,542	3,485	3,415	3,428	3,841	3,739	3,711	3,589	3,609	3,556	3,483	3,406	3,188	2,456	1,738	1,019	448	0	0	0
Operating income (loss)
1,516	1,470	1,547	1,571	1,484	1,511	1,463	1,314	1,362	1,394	1,336	1,306	1,212	1,734	1,678	1,647	1,490	954	943	871	931	841	824	823	818	814	565	327	103	-80	0	0	0
Other income (expense):
Interest expense
662	657	648	629	615	606	596	605	601	591	538	477	418	362	356	342	335	328	314	300	279	255	239	208	174	132	79	41	15	7	0	0	0
Dividend and interest income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	76	0	0	0
Share of earnings (losses) of affiliates, net
-36	6	15	18	6	18	9	106	100	104	138	20	22	14	11	3	-15	-40	-68	-103	-115	-113	-73	-75	-84	-32	27	49	1,351	1,346	0	0	0
Realized and unrealized gains (losses) on financial instruments, net
-216	-315	-311	-356	-211	40	135	184	77	-88	27	16	33	37	15	-192	-120	-140	-95	90	75	38	18	97	133	295	279	350	216	230	0	0	0
Gains (losses) on transactions, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7,978	7,482	7,503	7,501	22	0	0	0
Other, net
18	9	23	80	80	78	43	22	-3	8	-19	-3	6	-4	17	16	17	12	8	-4	-11	-50	-113	-172	-159	-115	-65	51	47	42	0	0	0
Total other income (expense)
-896	-957	-921	-887	-740	-470	-409	-293	-427	-567	-392	-444	-357	-315	-313	-515	-453	-496	-469	-317	-330	-380	126	187	263	8,042	7,667	7,945	9,154	1,709	0	0	0
Earnings (loss) before income taxes
620	513	626	684	744	1,041	1,054	1,021	935	827	944	862	855	1,419	1,365	1,132	1,037	458	474	554	601	461	950	1,010	1,081	8,856	8,232	8,272	9,257	1,629	0	0	0
Earnings (loss) from continuing operations before income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Income tax (expense) benefit
144	166	268	222	219	176	-1,209	-1,137	-1,124	-1,063	297	307	314	495	538	433	381	210	185	219	259	66	66	97	122	-135	-199	-205	65	469	0	0	0
Income (Loss) from Continuing Operations, Including Portion Attributable to Noncontrolling Interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,160	0	0	0
Earnings (loss) from discontinued operations, net of taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Net earnings (loss)
476	347	358	462	525	865	2,263	2,158	2,059	1,890	647	555	541	924	827	699	656	248	289	335	342	395	884	913	959	8,991	8,475	8,579	9,365	1,412	0	0	0
Less net earnings (loss) attributable to the noncontrolling interests
288	241	247	276	283	334	579	574	553	536	287	248	246	244	222	231	209	184	196	187	205	217	227	213	216	211	141	100	42	-2	0	0	0
Net earnings (loss) attributable to Liberty stockholders
188	106	111	186	242	531	1,684	1,584	1,506	1,354	360	307	295	680	605	468	447	64	93	148	137	178	657	700	743	8,780	8,334	8,479	9,323	1,414	0	0	0
Basic net earnings (loss) attributable to Liberty stockholders per common share
Basic Net earnings (loss) from continuing operations attributable to stockholders per common share
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.60
Diluted Net earnings (loss) from continuing operations attributable to stockholders per common share
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.58
Series A, B and C common stock, basic earnings loss per share
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.06	-	0.10	0.15	0.06	-43.46	0.21	0.26	67.72	-	-	-	-
Diluted net earnings (loss) attributable to Liberty stockholders per common share
Series A, B and C common stock, diluted earnings loss per share
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.06	-	0.10	0.14	0.06	-42.61	0.21	0.26	66.60	-	-	-	-
Sirius XM Holdings Revenue
Total revenue
8,002	7,794	7,228	6,685	6,140	5,771	6,375	6,043	5,722	5,425	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Primary Formula 1
Total revenue
1,815	2,022	1,980	1,994	1,959	1,827	1,916	1,770	1,801	1,783	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cost of services
1,289	1,394	1,351	1,367	1,340	1,273	0	1,232	1,232	1,219	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
Total revenue
476	476	474	462	436	442	-266	-38	193	386	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cost of services
206	199	170	148	134	126	0	124	121	119	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Liberty SiriusXM Group
Total revenue
8,002	7,794	7,228	6,685	6,140	5,771	5,679	5,590	5,506	5,425	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Subscriber acquisition costs
418	427	431	440	455	470	0	488	495	499	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other operating expenses
297	280	240	193	146	123	121	120	120	113	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Selling, general and administrative
1,511	1,495	1,288	1,139	1,002	878	0	852	830	812	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition and other related costs
-	84	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
560	537	491	449	405	369	0	356	351	352	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total operating costs and expenses
6,323	6,250	5,618	5,074	4,609	4,151	0	4,078	3,935	3,878	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating income (loss)
1,679	1,544	1,610	1,611	1,531	1,620	0	1,512	1,571	1,547	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest expense
444	435	423	403	393	388	0	383	369	356	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Share of earnings (losses) of affiliates, net
-22	-24	-27	-22	-16	-11	0	31	27	29	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Realized and unrealized gains (losses) on financial instruments, net
-47	-41	-64	-105	-58	-1	0	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other, net
-28	-38	-40	17	23	25	0	7	-12	-11	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total other income (expense)
-510	-538	-554	-513	-444	-375	0	-241	-312	-354	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings (loss) before income taxes
1,169	1,006	1,056	1,098	1,087	1,245	0	1,271	1,259	1,193	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income tax (expense) benefit
234	271	322	289	273	241	0	-544	-493	-466	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net earnings (loss)
935	735	734	809	814	1,004	0	1,815	1,752	1,659	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Less net earnings (loss) attributable to the noncontrolling interests
288	241	240	270	277	328	0	573	552	535	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net earnings (loss) attributable to Liberty stockholders
647	494	494	539	537	676	0	1,242	1,200	1,124	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Series A, B and C common stock, basic earnings loss per share
0.68	0.40	0.44	0.52	0.19	0.38	0.56	0.50	0.60	2.07	0.54	0.37	0.37	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Series A, B and C common stock, diluted earnings loss per share
0.57	0.38	0.44	0.52	0.19	0.38	0.55	0.49	0.59	2.04	0.54	0.36	0.37	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Braves Group
Total revenue
476	476	474	462	436	442	430	415	409	386	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other operating expenses
338	340	327	288	256	265	287	290	319	296	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Selling, general and administrative
99	104	101	101	104	100	0	138	140	136	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
73	71	68	71	73	76	0	80	81	67	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total operating costs and expenses
510	515	496	460	433	441	0	508	540	499	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating income (loss)
-34	-39	-22	2	3	1	0	-93	-131	-113	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest expense
27	27	27	27	27	26	0	22	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Share of earnings (losses) of affiliates, net
20	18	17	15	11	12	0	80	78	78	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Realized and unrealized gains (losses) on financial instruments, net
-11	-4	-5	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other, net
0	-	-	0	-	35	0	0	1	3	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total other income (expense)
62	-53	11	-3	-31	-5	0	37	66	51	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings (loss) before income taxes
28	-92	-11	-1	-28	-4	0	-56	-65	-62	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income tax (expense) benefit
-19	-15	-3	-22	-20	-15	0	-26	-36	-36	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net earnings (loss)
47	-77	-8	21	-8	11	0	-30	-29	-26	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Less net earnings (loss) attributable to the noncontrolling interests
-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net earnings (loss) attributable to Liberty stockholders
47	-77	-15	14	-14	5	0	-28	-28	-25	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Series A, B and C common stock, basic earnings loss per share
1.04	-0.87	0.24	0.51	-1.39	0.36	0.80	-0.04	-1.02	0.08	0.45	-0.04	-1.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Series A, B and C common stock, diluted earnings loss per share
-0.69	-0.74	0.16	0.46	-1.39	0.36	0.80	-0.04	-1.02	0.08	0.45	-0.04	-1.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Formula One Group
Total revenue
1,815	2,022	1,980	1,994	1,959	1,827	1,916	1,770	1,801	1,783	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Selling, general and administrative
208	210	215	212	210	204	0	195	203	199	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
447	453	455	457	459	460	0	448	444	405	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total operating costs and expenses
1,944	2,057	2,021	2,036	2,009	1,937	0	1,875	1,879	1,823	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating income (loss)
-129	-35	-41	-42	-50	-110	0	-105	-78	-40	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest expense
191	195	198	199	195	192	0	196	211	220	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Share of earnings (losses) of affiliates, net
-34	12	25	25	11	17	0	-5	-5	-3	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Realized and unrealized gains (losses) on financial instruments, net
-158	-270	-238	-245	-149	43	0	80	35	-72	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other, net
45	45	27	31	0	-	0	0	-	16	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total other income (expense)
-448	-366	-378	-371	-265	-90	0	-89	-181	-264	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings (loss) before income taxes
-577	-401	-419	-413	-315	-200	0	-194	-259	-304	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income tax (expense) benefit
-71	-90	-51	-45	-34	-50	0	-567	-595	-561	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net earnings (loss)
-506	-311	-368	-368	-281	-150	0	373	336	257	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Less net earnings (loss) attributable to the noncontrolling interests
-	-	0	-	-	-	-	0	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net earnings (loss) attributable to Liberty stockholders
-506	-311	-368	-367	-281	-150	0	370	334	255	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Series A, B and C common stock, basic earnings loss per share
-1.48	-0.56	0.18	-0.33	-0.64	-0.80	0.18	0.04	-0.07	2.08	-0.17	-0.13	-0.55	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Series A, B and C common stock, diluted earnings loss per share
-1.48	-0.56	0.18	-0.33	-0.64	-0.80	0.18	0.04	-0.07	2.06	-0.17	-0.13	-0.55	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Revenue Share And Royalties
Cost of services
2,369	2,291	2,021	1,772	1,576	1,394	0	1,354	1,243	1,210	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Programming and content
Cost of services
474	462	441	422	411	406	0	402	393	388	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Customer service and billing
Cost of services
480	475	450	425	401	382	0	382	382	385	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-