Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

v3.19.3
Condensed Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Consolidated Statements of Operations        
Total revenue, net $ 428 $ 458 $ 1,225 $ 1,269
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) $ 100 $ 95 $ 296 $ 274
Selling, general and administrative, including stock-based compensation (note 2) 231 249 682 758
Depreciation and amortization 42 38 125 118
Total operating costs and expenses 373 382 1,103 1,150
Operating income (loss) 55 76 122 119
Other income (expense):        
Interest expense (5) (8) (16) (20)
Realized and unrealized gains (losses) on financial instruments, net 14 9 20 (56)
Other, net 5 1 13 2
Total other income (expense) 14 2 17 (74)
Earnings (loss) before income taxes 69 78 139 45
Income tax (expense) benefit (21) (21) (57) (45)
Net earnings (loss) 48 57 82  
Less net earnings (loss) attributable to the noncontrolling interests 32 43 65 56
Net earnings (loss) attributable to Liberty TripAdvisor Holdings, Inc. shareholders $ 16 $ 14 $ 17 $ (56)
Basic net earnings (loss) attributable to Series A and Series B Liberty TripAdvisor Holdings, Inc. shareholders per common share (note 3): $ 0.21 $ 0.19 $ 0.23 $ (0.75)
Diluted net earnings (loss) attributable to Series A and Series B Liberty TripAdvisor Holdings, Inc. shareholders per common share (note 3): $ 0.21 $ 0.19 $ 0.23 $ (0.75)