Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

v3.23.1
Condensed Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Condensed Consolidated Statements of Operations    
Revenue, Product and Service [Extensible List] us-gaap:ServiceMember us-gaap:ServiceMember
Total revenue, net $ 371 $ 262
Operating costs and expenses:    
Operating expense, including stock-based compensation (note 2) 97 76
Selling, general and administrative, including stock-based compensation (note 2) 270 183
Depreciation and amortization 21 25
Total operating costs and expenses 388 284
Operating income (loss) (17) (22)
Other income (expense):    
Interest expense (16) (17)
Dividend and interest income 11  
Realized and unrealized gains (losses) on financial instruments, net (8) (12)
Other, net (1) (1)
Total other income (expense) (14) (30)
Earnings (loss) before income taxes (31) (52)
Income tax (expense) benefit (57) (1)
Net earnings (loss) (88) (53)
Less net earnings (loss) attributable to noncontrolling interests (57) (26)
Net earnings (loss) attributable to Liberty TripAdvisor Holdings, Inc. shareholders $ (31) $ (27)
Basic net earnings (loss) attributable to Series A and Series B Liberty TripAdvisor Holdings, Inc. shareholders per common share (note 3): $ (0.41) $ (0.36)
Diluted net earnings (loss) attributable to Series A and Series B Liberty TripAdvisor Holdings, Inc. shareholders per common share (note 3): $ (0.41) $ (0.36)