v3.22.1
Condensed Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Condensed Consolidated Statements of Operations    
Revenue, Product and Service [Extensible List] us-gaap:ServiceMember us-gaap:ServiceMember
Total revenue, net $ 262 $ 123
Operating costs and expenses:    
Operating expense, including stock-based compensation (note 2) 76 67
Selling, general and administrative, including stock-based compensation (note 2) 183 115
Depreciation and amortization 25 38
Total operating costs and expenses 284 220
Operating income (loss) (22) (97)
Other income (expense):    
Interest expense (17) (11)
Realized and unrealized gains (losses) on financial instruments, net (12) (65)
Other, net (1) (2)
Total other income (expense) (30) (78)
Earnings (loss) before income taxes (52) (175)
Income tax (expense) benefit (1) 17
Net earnings (loss) (53) (158)
Less net earnings (loss) attributable to noncontrolling interests (26) (68)
Net earnings (loss) attributable to Liberty TripAdvisor Holdings, Inc. shareholders (27) (90)
Net earnings (loss) available to common shareholders (note 3) $ (27) $ (460)
Basic net earnings (loss) attributable to Series A and Series B Liberty TripAdvisor Holdings, Inc. shareholders per common share (note 3): $ (0.36) $ (6.13)
Diluted net earnings (loss) attributable to Series A and Series B Liberty TripAdvisor Holdings, Inc. shareholders per common share (note 3): $ (0.36) $ (6.13)

Source