Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

v3.21.1
Condensed Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Consolidated Statements of Operations    
Revenue, Product and Service [Extensible List] us-gaap:ServiceMember us-gaap:ServiceMember
Total revenue, net $ 123 $ 278
Operating costs and expenses:    
Operating expense, including stock-based compensation (note 2) 67 88
Selling, general and administrative, including stock-based compensation (note 2) 115 182
Depreciation and amortization 38 43
Restructuring and other related reorganization costs   9
Total operating costs and expenses 220 322
Operating income (loss) (97) (44)
Other income (expense):    
Interest expense (11) (7)
Realized and unrealized gains (losses) on financial instruments (65) 2
Other, net (2) (3)
Total other income (expense) (78) (8)
Earnings (loss) before income taxes (175) (52)
Income tax (expense) benefit 17 14
Net earnings (loss) (158) (38)
Less net earnings (loss) attributable to noncontrolling interests (68) (19)
Net earnings (loss) attributable to Liberty TripAdvisor Holdings, Inc. shareholders (90) (19)
Net earnings (loss) available to common shareholders (note 3) $ (460) $ (25)
Basic net earnings (loss) attributable to Series A and Series B Liberty TripAdvisor Holdings, Inc. shareholders per common share (note 3): $ (6.13) $ (0.33)
Diluted net earnings (loss) attributable to Series A and Series B Liberty TripAdvisor Holdings, Inc. shareholders per common share (note 3): $ (6.13) $ (0.33)