Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements Of Operations

v2.3.0.15
Condensed Consolidated Statements Of Operations (USD $)
 3 Months Ended 9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Revenue, Net [Abstract]        
Communications and programming services $ 540,000,000 $ 570,000,000 $ 2,051,000,000 $ 1,554,000,000
Costs and Expenses [Abstract]        
Operating 323,000,000 349,000,000 1,048,000,000 987,000,000
Selling, general and administrative, including stock-based compensation (note 3) 91,000,000 120,000,000 290,000,000 385,000,000
Legal settlement 0 0 (7,000,000) 0
Depreciation, Depletion and Amortization, Nonproduction 15,000,000 27,000,000 56,000,000 73,000,000
Total operating costs and expenses 429,000,000 496,000,000 1,387,000,000 1,445,000,000
Operating income (loss) 111,000,000 74,000,000 664,000,000 109,000,000
Nonoperating Income (Expense) [Abstract]        
Interest expense (3,000,000) (12,000,000) (13,000,000) (46,000,000)
Intergroup interest income (expense) 0 0 0 3,000,000
Share of earnings (losses) of affiliates, net (note 7) 53,000,000 (59,000,000) 3,000,000 (70,000,000)
Realized and unrealized gains (losses) on financial instruments, net (note 8) (257,000,000) 70,000,000 (81,000,000) 124,000,000
Gains (losses) on dispositions, net 1,000,000 (2,000,000) (1,000,000) 22,000,000
Other, net 10,000,000 30,000,000 61,000,000 73,000,000
Total other income (expense) (196,000,000) 27,000,000 (31,000,000) 106,000,000
Earnings (loss) from continuing operations before income taxes (85,000,000) 101,000,000 633,000,000 215,000,000
Earnings (loss) from continuing operations before income taxes (85,000,000) 101,000,000 633,000,000 215,000,000
Income tax (expense) benefit 42,000,000 (27,000,000) (256,000,000) (86,000,000)
Net earnings (loss) (43,000,000) 74,000,000 377,000,000 129,000,000
Less net earnings (losses) attributable to the noncontrolling interests (1,000,000) 0 (1,000,000) (3,000,000)
Net earnings (loss) attributable to Liberty Media Corporation shareholders (42,000,000) 74,000,000 378,000,000 132,000,000
Segment, Liberty Capital [Member]
        
Revenue, Net [Abstract]        
Communications and programming services 151,000,000 251,000,000 867,000,000 617,000,000
Costs and Expenses [Abstract]        
Operating 97,000,000 157,000,000 393,000,000 458,000,000
Selling, general and administrative, including stock-based compensation (note 3) 29,000,000 77,000,000 96,000,000 258,000,000
Legal settlement     (7,000,000)  
Depreciation, Depletion and Amortization, Nonproduction 11,000,000 20,000,000 42,000,000 57,000,000
Total operating costs and expenses 137,000,000 254,000,000 524,000,000 773,000,000
Operating income (loss) 14,000,000 (3,000,000) 343,000,000 (156,000,000)
Nonoperating Income (Expense) [Abstract]        
Interest expense (3,000,000) (12,000,000) (10,000,000) (45,000,000)
Intergroup interest income (expense)       1,000,000
Share of earnings (losses) of affiliates, net (note 7) 53,000,000 (59,000,000) 3,000,000 (70,000,000)
Realized and unrealized gains (losses) on financial instruments, net (note 8) (252,000,000) 70,000,000 (77,000,000) 125,000,000
Gains (losses) on dispositions, net 2,000,000 0 2,000,000 24,000,000
Other, net 11,000,000 27,000,000 60,000,000 70,000,000
Total other income (expense) (189,000,000) 26,000,000 (22,000,000) 105,000,000
Earnings (loss) from continuing operations before income taxes (175,000,000) 23,000,000 321,000,000 (51,000,000)
Income tax (expense) benefit 72,000,000 3,000,000 (124,000,000) 14,000,000
Net earnings (loss) (103,000,000) 26,000,000 197,000,000 (37,000,000)
Less net earnings (losses) attributable to the noncontrolling interests 0 0 (1,000,000) (3,000,000)
Net earnings (loss) attributable to Liberty Media Corporation shareholders (103,000,000) 26,000,000 198,000,000 (34,000,000)
Earnings Per Share [Abstract]        
Basic Net earnings (loss) attributable to stockholders per common share (note 4) (1.27) 0.30 2.44 (0.37)
Diluted Net earnings (loss) attributable to stockhoders per common share (note 4) (1.27) 0.29 2.39 (0.37)
Segment, Liberty Starz [Member]
        
Revenue, Net [Abstract]        
Communications and programming services 389,000,000 319,000,000 1,184,000,000 937,000,000
Costs and Expenses [Abstract]        
Operating 226,000,000 192,000,000 655,000,000 529,000,000
Selling, general and administrative, including stock-based compensation (note 3) 62,000,000 43,000,000 194,000,000 127,000,000
Legal settlement     0  
Depreciation, Depletion and Amortization, Nonproduction 4,000,000 7,000,000 14,000,000 16,000,000
Total operating costs and expenses 292,000,000 242,000,000 863,000,000 672,000,000
Operating income (loss) 97,000,000 77,000,000 321,000,000 265,000,000
Nonoperating Income (Expense) [Abstract]        
Interest expense 0 0 (3,000,000) (1,000,000)
Intergroup interest income (expense)       2,000,000
Share of earnings (losses) of affiliates, net (note 7) 0 0 0 0
Realized and unrealized gains (losses) on financial instruments, net (note 8) (5,000,000) 0 (4,000,000) (1,000,000)
Gains (losses) on dispositions, net (1,000,000) (2,000,000) (3,000,000) (2,000,000)
Other, net (1,000,000) 3,000,000 1,000,000 3,000,000
Total other income (expense) (7,000,000) 1,000,000 (9,000,000) 1,000,000
Earnings (loss) from continuing operations before income taxes 90,000,000 78,000,000 312,000,000 266,000,000
Income tax (expense) benefit (30,000,000) (30,000,000) (132,000,000) (100,000,000)
Net earnings (loss) 60,000,000 48,000,000 180,000,000 166,000,000
Less net earnings (losses) attributable to the noncontrolling interests (1,000,000) 0 0 0
Net earnings (loss) attributable to Liberty Media Corporation shareholders 61,000,000 48,000,000 180,000,000 166,000,000
Earnings Per Share [Abstract]        
Basic Net earnings (loss) attributable to stockholders per common share (note 4) 1.20 0.96 3.53 3.32
Diluted Net earnings (loss) attributable to stockhoders per common share (note 4) $ 1.15 $ 0.92 $ 3.40 $ 3.19