Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

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Condensed Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Condensed Consolidated Statements of Operations    
Revenue, Product and Service [Extensible List] us-gaap:ServiceMember us-gaap:ServiceMember
Total revenue, net $ 395 $ 371
Operating costs and expenses:    
Operating expense, including stock-based compensation (note 2) 111 97
Selling, general and administrative, including stock-based compensation (note 2) 280 270
Depreciation and amortization 22 21
Total operating costs and expenses 413 388
Operating income (loss) (18) (17)
Other income (expense):    
Interest expense (17) (16)
Dividend and interest income 13 11
Realized and unrealized gains (losses) on financial instruments, net (44) (8)
Other, net (3) (1)
Total other income (expense) (51) (14)
Earnings (loss) before income taxes (69) (31)
Income tax (expense) benefit (43) (57)
Net earnings (loss) (112) (88)
Less net earnings (loss) attributable to noncontrolling interests (46) (57)
Net earnings (loss) attributable to Liberty TripAdvisor Holdings, Inc. shareholders $ (66) $ (31)
Basic net earnings (loss) attributable to Series A and Series B Liberty TripAdvisor Holdings, Inc. shareholders per common share (note 3): $ (0.86) $ (0.41)
Diluted net earnings (loss) attributable to Series A and Series B Liberty TripAdvisor Holdings, Inc. shareholders per common share (note 3): $ (0.86) $ (0.41)