Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

v3.20.2
Condensed Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Condensed Consolidated Statements of Operations        
Total revenue, net $ 151 $ 428 $ 488 $ 1,225
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) $ 59 $ 100 $ 208 $ 296
Selling, general and administrative, including stock-based compensation (note 2) 107 231 388 682
Depreciation and amortization 41 42 126 125
Restructuring and other related reorganization costs     42  
Impairment of goodwill and intangible assets (note 5) 3   550  
Total operating costs and expenses 210 373 1,314 1,103
Operating income (loss) (59) 55 (826) 122
Other income (expense):        
Interest expense (13) (5) (27) (16)
Other, net   19 (25) 33
Total other income (expense) (13) 14 (52) 17
Earnings (loss) before income taxes (72) 69 (878) 139
Income tax (expense) benefit 12 (21) 115 (57)
Net earnings (loss) (60) 48 (763) 82
Less net earnings (loss) attributable to noncontrolling interests (43) 32 (563) 65
Net earnings (loss) attributable to Liberty TripAdvisor Holdings, Inc. shareholders (17) 16 (200) 17
Net earnings (loss) available to common stockholders (note 3) $ (34) $ 16 $ (247) $ 17
Basic net earnings (loss) attributable to Series A and Series B Liberty TripAdvisor Holdings, Inc. shareholders per common share (note 3): $ (0.45) $ 0.21 $ (3.29) $ 0.23
Diluted net earnings (loss) attributable to Series A and Series B Liberty TripAdvisor Holdings, Inc. shareholders per common share (note 3): $ (0.45) $ 0.21 $ (3.29) $ 0.23