Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.10.0.1
Consolidated Statements of Operations - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Total revenues $ 1,615 $ 1,569 $ 1,532
Operating costs and expenses:      
Operating expense, including stock-based compensation (note 2 and 9) 361 329 369
Selling, general and administrative, including stock-based compensation (note 2 and 9) 966 1,021 918
Depreciation and amortization 160 213 222
Impairment of intangible assets (note 6)   1,798  
Total operating costs and expenses 1,487 3,361 1,509
Operating income 128 (1,792) 23
Other income (expense):      
Interest expense (26) (25) (25)
Realized and unrealized gains (losses) on financial instruments, net (59) 24 53
Gain (loss) on dispositions, net (note 1)   (18)  
Other, net 5 1 (5)
Total other income (expense) (80) (18) 23
Earnings (loss) before income taxes 48 (1,810) 46
Income tax (expense) benefit (note 8) (57) 229 1
Net earnings (loss) (9) (1,581) 47
Less net earnings (loss) attributable to the noncontrolling interests 55 (1,184) 26
Net earnings (loss) attributable to Liberty TripAdvisor Holdings, Inc. shareholders $ (64) $ (397) $ 21
Basic net earnings (loss) attributable to Series A and Series B Liberty TripAdvisor Holdings, Inc. shareholders per common share (note 2): $ (0.86) $ (5.29) $ 0.28
Diluted net earnings (loss) attributable to Series A and Series B Liberty TripAdvisor Holdings, Inc. shareholders per common share (note 2): $ (0.86) $ (5.29) $ 0.28
Service revenue      
Total revenues $ 1,615 $ 1,556 $ 1,480
Other revenue      
Total revenues   $ 13 $ 52