Liberty Media Corp (LSXMA) [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
United States	9,480	9,163	8,121	8,172	6,112	5,724	5,230	4,739
United Kingdom	2,573	2,136	1,145	2,022	1,831	1,783
Other	111	101	97	98	97	87	46	56
Total revenues [+]	12,164	11,400	9,363	10,292	8,040	7,594	5,276	4,795
Services								3,807
Other								988
Revenue growth [+]	6.7%	21.8%	-9.0%	28.0%	5.9%	43.9%	10.0%	7.8%
United States	3.5%	12.8%	-0.6%	33.7%	6.8%	9.4%	10.4%
United Kingdom	20.5%	86.6%	-43.4%	10.4%	2.7%
Cost of goods sold [+]	5,161	4,815	4,119	4,197	3,193	2,912	2,300	1,823
Other cost of sales								141
Programming and content costs								267
Gross profit	7,003	6,585	5,244	6,095	4,847	4,682	2,976	2,972
Gross margin	57.6%	57.8%	56.0%	59.2%	60.3%	61.7%	56.4%	62.0%
Selling, general and administrative [+]	2,383	2,232	2,112	2,232	1,649	1,646	1,399	1,394
Sales and marketing	352	325	362	427	470	499	513	533
Other selling, general and administrative	2,031	1,907	1,750	1,805	1,179	1,147	886	861
Equity in earnings					18	104	14	-40
Other operating expenses	1,438	1,284	868	1,248	782	818		262
EBITDA [+]	3,182	3,069	2,264	2,615	2,434	2,322	1,591	1,276
EBITDA growth	3.7%	35.6%	-13.4%	7.4%	4.8%	45.9%	24.7%	-2.8%
EBITDA margin	26.2%	26.9%	24.2%	25.4%	30.3%	30.6%	30.2%	26.6%
Depreciation	262	270	268	271	251	230	186	207
EBITA	2,920	2,799	1,996	2,344	2,183	2,092	1,405	1,069
EBITA margin	24.0%	24.6%	21.3%	22.8%	27.2%	27.5%	26.6%	22.3%
Amortization of intangibles	782	802	815	790	654	594	168	155
EBIT [+]	2,138	1,997	1,181	1,554	1,529	1,498	1,237	914
EBIT growth	7.1%	69.1%	-24.0%	1.6%	2.1%	21.1%	35.3%	-4.2%
EBIT margin	17.6%	17.5%	12.6%	15.1%	19.0%	19.7%	23.4%	19.1%
Non-recurring items [+]	74	20	1,004	84			-511
Asset impairment	74	20	1,004	84
Legal settlement							-511
Interest expense	689	642	634	657	606	591	362	328
Interest expense	689	642	634	657	606	591	362	328
Other income (expense), net [+]	818	-546	-978	-300	118	-80	33	-128
Gain (loss) on investments	599	-451	-402	-315	40	-88
Other	110	-47	6	2	78	8	-4	12
Pre-tax income	2,193	789	-1,435	513	1,041	827	1,419	458
Income taxes	164	45	-44	166	176	-1,063	495	210
Tax rate	7.5%	5.7%	3.1%	32.4%	16.9%		34.9%	45.9%
Minority interest				241	334	536	244	184
Net income	2,029	744	-1,391	106	531	1,354	680	64
Net margin	16.7%	6.5%	-14.9%	1.0%	6.6%	17.8%	12.9%	1.3%

Basic EPS [+]	$3.31	$1.21	($1.53)	$1.55	$0.10	$1.23		$0.19
Growth	174.0%	-178.9%	-198.7%	1450.0%	-91.9%			-63.5%
Diluted EPS [+]	$3.15	$1.17	($1.53)	$1.55	$0.10	$1.23		$0.19
Growth	169.8%	-176.3%	-198.7%	1450.0%	-91.9%			-63.2%

Shares outstanding (basic) [+]	613	616	909	68	5,310	1,101		337
Growth	-0.5%	-32.2%	1229.4%	-98.7%	382.4%			-1.5%
Shares outstanding (diluted) [+]	644	637	909	68	5,310	1,101		337
Growth	1.1%	-29.9%	1229.4%	-98.7%	382.4%			-2.4%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.