Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

v3.19.2
Condensed Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Consolidated Statements of Operations        
Total revenue, net $ 422 $ 433 $ 798 $ 811
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) $ 102 $ 92 $ 196 $ 179
Selling, general and administrative, including stock-based compensation (note 2) 228 266 452 509
Depreciation and amortization 41 41 83 80
Total operating costs and expenses 371 399 731 768
Operating income (loss) 51 34 67 43
Other income (expense):        
Interest expense (6) (6) (11) (12)
Realized and unrealized gains (losses) on financial instruments, net 5 (42) 6 (65)
Other, net 4   8 1
Total other income (expense) 3 (48) 3 (76)
Earnings (loss) before income taxes 54 (14) 70 (33)
Income tax (expense) benefit (31) (8) (36) (24)
Net earnings (loss) 23 (22) 34 (57)
Less net earnings (loss) attributable to the noncontrolling interests 20 17 33 13
Net earnings (loss) attributable to Liberty TripAdvisor Holdings, Inc. shareholders $ 3 $ (39) $ 1 $ (70)
Basic net earnings (loss) attributable to Series A and Series B Liberty TripAdvisor Holdings, Inc. shareholders per common share (note 3): $ 0.04 $ (0.52) $ 0.01 $ (0.93)
Diluted net earnings (loss) attributable to Series A and Series B Liberty TripAdvisor Holdings, Inc. shareholders per common share (note 3): $ 0.04 $ (0.52) $ 0.01 $ (0.93)