Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.24.0.1
Consolidated Statements of Operations - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Consolidated Statements of Operations      
Revenue, Product and Service [Extensible List] us-gaap:ServiceMember us-gaap:ServiceMember us-gaap:ServiceMember
Total revenue, net $ 1,788 $ 1,492 $ 902
Operating costs and expenses:      
Operating expense, including stock-based compensation (notes 2) 422 338 286
Selling, general and administrative, including stock-based compensation (notes 2) 1,144 969 651
Depreciation and amortization 87 97 150
Restructuring and other related reorganization costs (note 12) 22    
Impairment of goodwill and intangible assets (note 4) 1,025    
Total operating costs and expenses 2,700 1,404 1,087
Operating income (loss) (912) 88 (185)
Other income (expense):      
Interest expense (67) (65) (60)
Dividend and interest income 49 16 1
Realized and unrealized gains (losses) on financial instruments, net (32) 62 251
Other, net (5) (8) (12)
Total other income (expense) (55) 5 180
Earnings (loss) before income taxes (967) 93 (5)
Income tax (expense) benefit (note 7) (53) (47) 43
Net earnings (loss) (1,020) 46 38
Less net earnings (loss) attributable to the noncontrolling interests (735) 16 (141)
Net earnings (loss) attributable to Liberty TripAdvisor Holdings, Inc. shareholders (285) 30 179
Net earnings (loss) available to common shareholders (note 2) $ (285) $ 30 $ (191)
Basic net earnings (loss) attributable to Series A and Series B Liberty TripAdvisor Holdings, Inc. shareholders per common share (note 2): $ (3.75) $ 0.39 $ (2.55)
Diluted net earnings (loss) attributable to Series A and Series B Liberty TripAdvisor Holdings, Inc. shareholders per common share (note 2): $ (3.75) $ 0.39 $ (2.55)