Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

v3.23.2
Condensed Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Condensed Consolidated Statements of Operations        
Revenue, Product and Service [Extensible List] us-gaap:ServiceMember us-gaap:ServiceMember us-gaap:ServiceMember us-gaap:ServiceMember
Total revenue, net $ 494 $ 417 $ 865 $ 679
Operating costs and expenses:        
Operating expense, including stock-based compensation (note 2) 112 84 209 160
Selling, general and administrative, including stock-based compensation (note 2) 321 248 591 431
Depreciation and amortization 21 25 42 50
Total operating costs and expenses 454 357 842 641
Operating income (loss) 40 60 23 38
Other income (expense):        
Interest expense (17) (16) (33) (33)
Dividend and interest income 12 2 23 2
Realized and unrealized gains (losses) on financial instruments, net 15 71 7 59
Other, net (1) (4) (2) (5)
Total other income (expense) 9 53 (5) 23
Earnings (loss) before income taxes 49 113 18 61
Income tax (expense) benefit (20) (22) (77) (23)
Net earnings (loss) 29 91 (59) 38
Less net earnings (loss) attributable to noncontrolling interests 19 24 (38) (2)
Net earnings (loss) attributable to Liberty TripAdvisor Holdings, Inc. shareholders $ 10 $ 67 $ (21) $ 40
Basic net earnings (loss) attributable to Series A and Series B Liberty TripAdvisor Holdings, Inc. shareholders per common share (note 3): $ 0.13 $ 0.88 $ (0.28) $ 0.53
Diluted net earnings (loss) attributable to Series A and Series B Liberty TripAdvisor Holdings, Inc. shareholders per common share (note 3): $ 0.13 $ 0.87 $ (0.28) $ 0.52