Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

v3.20.2
Condensed Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Condensed Consolidated Statements of Operations        
Total revenue, net $ 59 $ 422 $ 337 $ 798
Revenue, Product and Service [Extensible List] us-gaap:ServiceMember us-gaap:ServiceMember us-gaap:ServiceMember us-gaap:ServiceMember
Operating costs and expenses:        
Operating expense, including stock-based compensation (note 2) $ 61 $ 102 $ 149 $ 196
Selling, general and administrative, including stock-based compensation (note 2) 99 228 281 452
Depreciation and amortization 42 41 85 83
Restructuring and other related reorganization costs 33   42  
Impairment of goodwill and intangible assets (note 5) 547   547  
Total operating costs and expenses 782 371 1,104 731
Operating income (loss) (723) 51 (767) 67
Other income (expense):        
Interest expense (7) (6) (14) (11)
Other, net (24) 9 (25) 14
Total other income (expense) (31) 3 (39) 3
Earnings (loss) before income taxes (754) 54 (806) 70
Income tax (expense) benefit 89 (31) 103 (36)
Net earnings (loss) (665) 23 (703) 34
Less net earnings (loss) attributable to noncontrolling interests (501) 20 (520) 33
Net earnings (loss) attributable to Liberty TripAdvisor Holdings, Inc. shareholders (164) 3 (183) 1
Net earnings (loss) available to common stockholders (note 3) $ (188) $ 3 $ (213) $ 1
Basic net earnings (loss) attributable to Series A and Series B Liberty TripAdvisor Holdings, Inc. shareholders per common share (note 3): $ (2.51) $ 0.04 $ (2.84) $ 0.01
Diluted net earnings (loss) attributable to Series A and Series B Liberty TripAdvisor Holdings, Inc. shareholders per common share (note 3): $ (2.51) $ 0.04 $ (2.84) $ 0.01