Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.20.4
Consolidated Statements of Operations - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Consolidated Statements of Operations      
Revenue, Product and Service [Extensible List] us-gaap:ServiceMember us-gaap:ServiceMember us-gaap:ServiceMember
Total revenue, net $ 604 $ 1,560 $ 1,615
Operating costs and expenses:      
Operating expense, including stock-based compensation (note 2 and 12) 275 387 361
Selling, general and administrative, including stock-based compensation (note 2 and 12) 502 874 966
Depreciation and amortization 168 169 160
Restructuring and other related reorganization costs 41 1  
Impairment of intangible assets (note 6) 550 288  
Total operating costs and expenses 1,536 1,719 1,487
Operating income (loss) (932) (159) 128
Other income (expense):      
Interest expense (41) (22) (26)
Realized and unrealized gains (losses) on financial instruments, net (19) 36 (59)
Other, net (22) 13 5
Total other income (expense) (82) 27 (80)
Earnings (loss) before income taxes (1,014) (132) 48
Income tax (expense) benefit (note 9) 152 16 (57)
Net earnings (loss) (862) (116) (9)
Less net earnings (loss) attributable to noncontrolling interests (624) (94) 55
Net earnings (loss) attributable to Liberty TripAdvisor Holdings, Inc. shareholders (238) (22) (64)
Net earnings (loss) available to common shareholders (note 2) $ (388) $ (22) $ (64)
Basic net earnings (loss) attributable to Series A and Series B Liberty TripAdvisor Holdings, Inc. shareholders per common share (note 2): $ (5.17) $ (0.29) $ (0.86)
Diluted net earnings (loss) attributable to Series A and Series B Liberty TripAdvisor Holdings, Inc. shareholders per common share (note 2): $ (5.17) $ (0.29) $ (0.86)