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![Liberty Media Corp [BATRB] reports annual net loss of $962.0 million](/_next/image?url=https%3A%2F%2F10kinfo-appdata.s3.us-west-2.amazonaws.com%2Fedgar0105%2FCompanyLogos%2FUS%2FBATRB.png&w=1200&q=75)
Liberty Media Corp [BATRB] has reported a net loss of $962.0 million for year ended Dec 31, 2023.
The Company said in a filing before the Securities and Exchange Commission that its total revenue for the year was $12.5 billion
Based in ENGLEWOOD, Colorado, Liberty Media Corp operates in the TRANSPORT sector.
Consolidated Statements of Operations - USD ($) in Millions 12 Months Ended Dec. 31, 2023 Dec. 31, 2022 Dec. 31, 2021
Revenue:
Total revenue $12,525 $12,164 $11,400
Operating costs and expenses, including stock-based compensation:
Subscriber acquisition costs $359 $352 $325
Other operating expense $596 $719 $642
Selling, general and administrative $1,930 $2,031 $1,907
Depreciation and amortization $1,030 $1,044 $1,072
Impairment, restructuring and acquisition costs, net of recoveries $67 $74 $20
Litigation settlements, net of recoveries $31
Total operating costs and expenses $10,462 $10,100 $9,423
Operating income (loss) $2,063 $2,064 $1,
Other income (expense):
Interest expense $(782) $(689) $(642)
Share of earnings (losses) of affiliates, net $138 $99 $(200)
Realized and unrealized gains (losses) on financial instruments, net $(323) $599 $(451)
Gains (losses) on dilution of investment in affiliate $(4) $10 $152
Other, net $93 $110 $(47)
Total other income (expense) $(878) $129 $(1,188)
Earnings (loss) before income taxes $1,185 $2,193 $789
Income tax (expense) benefit $(223) $(164) $(45)
Net earnings (loss) $962 $2,029 $744
Less net earnings (loss) attributable to the noncontrolling interests $201 $227 $292
Less net earnings (loss) attributable to redeemable noncontrolling interest $(13) $54
Net earnings (loss) attributable to Liberty stockholders $761 $1,815 $398
Earnings per share for basic and diluted amounts:
Series A, B and C common stock, basic earnings per share $2.54 $3.94 $1.79
Series A, B and C common stock, diluted earnings per share $2.42 $3.66 $1.78
Sirius XM Holdings Revenue:
Total revenue $8,953 $9,003 $8,696
Operating costs and expenses, including stock-based compensation:
Cost of services $2,895 $2,802 $2,672
Programming and content Cost of services $618 $604 $559
Customer service and billing Cost of services $476 $497 $501
Other cost of subscriber services Cost of services $220 $227 $236
Formula 1 Revenue:
Total revenue $3,222 $2,573 $2,136
Operating costs and expenses, including stock-based compensation:
Cost of services $2,240 $1,750 $1,489
Other Revenue:
Total revenue $350 $588 $568