Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

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Consolidated Statements of Operations - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Total revenue, net $ 1,560 $ 1,615 $ 1,569
Operating costs and expenses:      
Operating expense, including stock-based compensation (note 2 and 11) 388 361 329
Selling, general and administrative, including stock-based compensation (note 2 and 11) 874 966 1,021
Depreciation and amortization 169 160 213
Impairment of intangible assets (note 6) 288   1,798
Total operating costs and expenses 1,719 1,487 3,361
Operating income (loss) (159) 128 (1,792)
Other income (expense):      
Interest expense (22) (26) (25)
Realized and unrealized gains (losses) on financial instruments, net 36 (59) 24
Other, net 13 5 (17)
Total other income (expense) 27 (80) (18)
Earnings (loss) before income taxes (132) 48 (1,810)
Income tax (expense) benefit (note 9) 16 (57) 229
Net earnings (loss) (116) (9) (1,581)
Less net earnings (loss) attributable to the noncontrolling interests (94) 55 (1,184)
Net earnings (loss) attributable to Liberty TripAdvisor Holdings, Inc. shareholders $ (22) $ (64) $ (397)
Basic net earnings (loss) attributable to Series A and Series B Liberty TripAdvisor Holdings, Inc. shareholders per common share (note 2): $ (0.29) $ (0.86) $ (5.29)
Diluted net earnings (loss) attributable to Series A and Series B Liberty TripAdvisor Holdings, Inc. shareholders per common share (note 2): $ (0.29) $ (0.86) $ (5.29)
Service revenue      
Total revenue, net $ 1,560 $ 1,615 $ 1,556
Other revenue      
Total revenue, net     $ 13