$LTRPA
Liberty TripAdvisor Holdings Inc

2022 Q1 Form 10-Q Financial Statement

#000155837022007106 Filed on May 04, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q1
Revenue $262.0M $123.0M
YoY Change 113.01% -55.76%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $183.0M $115.0M
YoY Change 59.13% -36.81%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $25.00M $38.00M
YoY Change -34.21% -11.63%
% of Gross Profit
Operating Expenses $183.0M $115.0M
YoY Change 59.13% -36.81%
Operating Profit -$22.00M -$97.00M
YoY Change -77.32% 120.45%
Interest Expense $17.00M $11.00M
YoY Change 54.55% 57.14%
% of Operating Profit
Other Income/Expense, Net -$30.00M -$78.00M
YoY Change -61.54% 875.0%
Pretax Income -$52.00M -$175.0M
YoY Change -70.29% 236.54%
Income Tax $1.000M -$17.00M
% Of Pretax Income
Net Earnings -$27.00M -$90.00M
YoY Change -70.0% 373.68%
Net Earnings / Revenue -10.31% -73.17%
Basic Earnings Per Share -$0.36 -$6.13
Diluted Earnings Per Share -$0.36 -$6.13
COMMON SHARES
Basic Shares Outstanding 76.00M 75.00M
Diluted Shares Outstanding 77.00M 77.00M

Balance Sheet

Concept 2022 Q1 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $817.0M $720.0M
YoY Change 13.47% -11.33%
Cash & Equivalents $817.0M $720.0M
Short-Term Investments
Other Short-Term Assets $32.00M $25.00M
YoY Change 28.0% -55.36%
Inventory
Prepaid Expenses
Receivables $132.0M $73.00M
Other Receivables $47.00M $50.00M
Total Short-Term Assets $1.076B $892.0M
YoY Change 20.63% -13.15%
LONG-TERM ASSETS
Property, Plant & Equipment $114.0M $126.0M
YoY Change -9.52% -15.44%
Goodwill $2.216B $2.230B
YoY Change -0.63% -10.8%
Intangibles $729.0M $731.0M
YoY Change -0.27% -24.95%
Long-Term Investments
YoY Change
Other Assets $192.0M $197.0M
YoY Change -2.54% -12.83%
Total Long-Term Assets $3.378B $3.466B
YoY Change -2.54% -15.87%
TOTAL ASSETS
Total Short-Term Assets $1.076B $892.0M
Total Long-Term Assets $3.378B $3.466B
Total Assets $4.454B $4.358B
YoY Change 2.2% -15.33%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $209.0M $84.00M
YoY Change 148.81% -20.0%
Accrued Expenses $208.0M $186.0M
YoY Change 11.83% 23.18%
Deferred Revenue $59.00M $38.00M
YoY Change 55.26% -36.67%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $41.00M
YoY Change
Total Short-Term Liabilities $517.0M $308.0M
YoY Change 67.86% -2.53%
LONG-TERM LIABILITIES
Long-Term Debt $1.106B $1.173B
YoY Change -5.71% 58.51%
Other Long-Term Liabilities $303.0M $337.0M
YoY Change -10.09% -9.65%
Total Long-Term Liabilities $1.409B $1.510B
YoY Change -6.69% 35.67%
TOTAL LIABILITIES
Total Short-Term Liabilities $517.0M $308.0M
Total Long-Term Liabilities $1.409B $1.510B
Total Liabilities $2.364B $2.503B
YoY Change -5.55% 48.28%
SHAREHOLDERS EQUITY
Retained Earnings -$496.0M -$738.0M
YoY Change -32.79% -968.24%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$229.0M -$469.0M
YoY Change
Total Liabilities & Shareholders Equity $4.454B $4.358B
YoY Change 2.2% -15.33%

Cashflow Statement

Concept 2022 Q1 2021 Q1
OPERATING ACTIVITIES
Net Income -$27.00M -$90.00M
YoY Change -70.0% 373.68%
Depreciation, Depletion And Amortization $25.00M $38.00M
YoY Change -34.21% -11.63%
Cash From Operating Activities $85.00M -$20.00M
YoY Change -525.0% -75.61%
INVESTING ACTIVITIES
Capital Expenditures -$14.00M -$10.00M
YoY Change 40.0% -50.0%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$14.00M -$10.00M
YoY Change 40.0% -50.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -10.00M 329.0M
YoY Change -103.04% -42.68%
NET CHANGE
Cash From Operating Activities 85.00M -20.00M
Cash From Investing Activities -14.00M -10.00M
Cash From Financing Activities -10.00M 329.0M
Net Change In Cash 57.00M 297.0M
YoY Change -80.81% -36.94%
FREE CASH FLOW
Cash From Operating Activities $85.00M -$20.00M
Capital Expenditures -$14.00M -$10.00M
Free Cash Flow $99.00M -$10.00M
YoY Change -1090.0% -83.87%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2022Q1 dei Document Quarterly Report
DocumentQuarterlyReport
true
CY2021Q1 us-gaap Revenue From Contract With Customer Product And Service Extensible List
RevenueFromContractWithCustomerProductAndServiceExtensibleList
http://fasb.org/us-gaap/2021-01-31#ServiceMember
CY2022Q1 us-gaap Revenue From Contract With Customer Product And Service Extensible List
RevenueFromContractWithCustomerProductAndServiceExtensibleList
http://fasb.org/us-gaap/2021-01-31#ServiceMember
CY2022Q1 dei Entity Central Index Key
EntityCentralIndexKey
0001606745
CY2022Q1 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2021Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2022Q1 dei Amendment Flag
AmendmentFlag
false
CY2022Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2022Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2022Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2022
CY2022Q1 dei Document Type
DocumentType
10-Q
CY2022Q1 dei Document Period End Date
DocumentPeriodEndDate
2022-03-31
CY2022Q1 dei Document Transition Report
DocumentTransitionReport
false
CY2022Q1 dei Entity File Number
EntityFileNumber
001-36603
CY2022Q1 dei Entity Registrant Name
EntityRegistrantName
LIBERTY TRIPADVISOR HOLDINGS, INC.
CY2022Q1 dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
CY2022Q1 dei Entity Tax Identification Number
EntityTaxIdentificationNumber
46-3337365
CY2022Q1 dei Entity Address Address Line1
EntityAddressAddressLine1
12300 Liberty Boulevard
CY2022Q1 dei Entity Address City Or Town
EntityAddressCityOrTown
Englewood
CY2022Q1 dei Entity Address State Or Province
EntityAddressStateOrProvince
CO
CY2022Q1 dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
80112
CY2022Q1 dei City Area Code
CityAreaCode
720
CY2022Q1 dei Local Phone Number
LocalPhoneNumber
875-5200
CY2022Q1 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2022Q1 dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
CY2022Q1 dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
CY2022Q1 dei Entity Small Business
EntitySmallBusiness
false
CY2022Q1 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
CY2022Q1 dei Entity Shell Company
EntityShellCompany
false
CY2022Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
817000000
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
760000000
CY2022Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
29000000
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
28000000
CY2022Q1 ltrpa Accounts Receivable And Contract Assets Net Current
AccountsReceivableAndContractAssetsNetCurrent
180000000
CY2021Q4 ltrpa Accounts Receivable And Contract Assets Net Current
AccountsReceivableAndContractAssetsNetCurrent
142000000
CY2022Q1 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
47000000
CY2021Q4 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
48000000
CY2022Q1 us-gaap Other Assets Current
OtherAssetsCurrent
32000000
CY2021Q4 us-gaap Other Assets Current
OtherAssetsCurrent
26000000
CY2022Q1 us-gaap Assets Current
AssetsCurrent
1076000000
CY2021Q4 us-gaap Assets Current
AssetsCurrent
976000000
CY2022Q1 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
114000000
CY2021Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
118000000
CY2022Q1 us-gaap Goodwill
Goodwill
2216000000
CY2021Q4 us-gaap Goodwill
Goodwill
2220000000
CY2022Q1 us-gaap Indefinite Lived Trademarks
IndefiniteLivedTrademarks
729000000
CY2021Q4 us-gaap Indefinite Lived Trademarks
IndefiniteLivedTrademarks
730000000
CY2022Q1 ltrpa Indefinite Lived Intangible Assets Total
IndefiniteLivedIntangibleAssetsTotal
2945000000
CY2021Q4 ltrpa Indefinite Lived Intangible Assets Total
IndefiniteLivedIntangibleAssetsTotal
2950000000
CY2022Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
127000000
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
133000000
CY2022Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
192000000
CY2021Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
199000000
CY2022Q1 us-gaap Assets
Assets
4454000000
CY2021Q4 us-gaap Assets
Assets
4376000000
CY2022Q1 ltrpa Accounts Payable Merchant And Other
AccountsPayableMerchantAndOther
209000000
CY2021Q4 ltrpa Accounts Payable Merchant And Other
AccountsPayableMerchantAndOther
140000000
CY2022Q1 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
59000000
CY2021Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
36000000
CY2022Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
41000000
CY2022Q1 ltrpa Accrued Liabilities And Other Liabilities Current
AccruedLiabilitiesAndOtherLiabilitiesCurrent
208000000
CY2021Q4 ltrpa Accrued Liabilities And Other Liabilities Current
AccruedLiabilitiesAndOtherLiabilitiesCurrent
180000000
CY2022Q1 us-gaap Liabilities Current
LiabilitiesCurrent
517000000
CY2021Q4 us-gaap Liabilities Current
LiabilitiesCurrent
356000000
CY2022Q1 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
272000000
CY2021Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
268000000
CY2022Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1106000000
CY2021Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1143000000
CY2022Q1 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
143000000
CY2021Q4 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
144000000
CY2022Q1 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
79000000
CY2021Q4 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
85000000
CY2022Q1 ltrpa Redeemable Preferred Stock Redemption Amount
RedeemablePreferredStockRedemptionAmount
216000000
CY2021Q4 ltrpa Redeemable Preferred Stock Redemption Amount
RedeemablePreferredStockRedemptionAmount
212000000
CY2022Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
303000000
CY2021Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
309000000
CY2022Q1 us-gaap Liabilities
Liabilities
2364000000
CY2021Q4 us-gaap Liabilities
Liabilities
2249000000
CY2022Q1 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
284000000
CY2021Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
288000000
CY2022Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-18000000
CY2021Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-21000000
CY2022Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-496000000
CY2021Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-469000000
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
-229000000
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
-201000000
CY2022Q1 us-gaap Minority Interest
MinorityInterest
2319000000
CY2021Q4 us-gaap Minority Interest
MinorityInterest
2328000000
CY2022Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2090000000
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2127000000
CY2022Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
4454000000
CY2021Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
4376000000
CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
262000000
CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
123000000
CY2022Q1 ltrpa Operating Costs And Expenses Excluding Depreciation And Amortization
OperatingCostsAndExpensesExcludingDepreciationAndAmortization
76000000
CY2021Q1 ltrpa Operating Costs And Expenses Excluding Depreciation And Amortization
OperatingCostsAndExpensesExcludingDepreciationAndAmortization
67000000
CY2022Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
183000000
CY2021Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
115000000
CY2022Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
25000000
CY2021Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
38000000
CY2022Q1 us-gaap Costs And Expenses
CostsAndExpenses
284000000
CY2021Q1 us-gaap Costs And Expenses
CostsAndExpenses
220000000
CY2022Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-22000000
CY2021Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-97000000
CY2022Q1 us-gaap Interest Expense
InterestExpense
17000000
CY2021Q1 us-gaap Interest Expense
InterestExpense
11000000
CY2022Q1 ltrpa Realized And Unrealized Gains Losses On Financial Instruments
RealizedAndUnrealizedGainsLossesOnFinancialInstruments
-12000000
CY2021Q1 ltrpa Realized And Unrealized Gains Losses On Financial Instruments
RealizedAndUnrealizedGainsLossesOnFinancialInstruments
-65000000
CY2022Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-1000000
CY2021Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-2000000
CY2022Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-30000000
CY2021Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-78000000
CY2022Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-52000000
CY2021Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-175000000
CY2022Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1000000
CY2021Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-17000000
CY2022Q1 us-gaap Profit Loss
ProfitLoss
-53000000
CY2021Q1 us-gaap Profit Loss
ProfitLoss
-158000000
CY2021Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-88000000
CY2022Q1 us-gaap Profit Loss
ProfitLoss
-53000000
CY2022Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-26000000
CY2021Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-68000000
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
-27000000
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
-90000000
CY2022Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-27000000
CY2021Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-460000000
CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.36
CY2021Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-6.13
CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.36
CY2021Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-6.13
CY2022Q1 us-gaap Profit Loss
ProfitLoss
-53000000
CY2021Q1 us-gaap Profit Loss
ProfitLoss
-158000000
CY2022Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-5000000
CY2021Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-12000000
CY2022Q1 us-gaap Other Comprehensive Income Loss Financial Liability Fair Value Option Unrealized Gain Loss Arising During Period After Tax
OtherComprehensiveIncomeLossFinancialLiabilityFairValueOptionUnrealizedGainLossArisingDuringPeriodAfterTax
4000000
CY2021Q1 us-gaap Other Comprehensive Income Loss Financial Liability Fair Value Option Unrealized Gain Loss Arising During Period After Tax
OtherComprehensiveIncomeLossFinancialLiabilityFairValueOptionUnrealizedGainLossArisingDuringPeriodAfterTax
4000000
CY2022Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-1000000
CY2021Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-8000000
CY2022Q1 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-54000000
CY2021Q1 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-166000000
CY2022Q1 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-30000000
CY2021Q1 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-78000000
CY2022Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-24000000
CY2021Q1 us-gaap Profit Loss
ProfitLoss
-158000000
CY2022Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
25000000
CY2021Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
38000000
CY2022Q1 us-gaap Share Based Compensation
ShareBasedCompensation
22000000
CY2021Q1 us-gaap Share Based Compensation
ShareBasedCompensation
30000000
CY2022Q1 ltrpa Realized And Unrealized Gains Losses On Financial Instruments
RealizedAndUnrealizedGainsLossesOnFinancialInstruments
-12000000
CY2021Q1 ltrpa Realized And Unrealized Gains Losses On Financial Instruments
RealizedAndUnrealizedGainsLossesOnFinancialInstruments
-65000000
CY2022Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-1000000
CY2021Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-24000000
CY2022Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-9000000
CY2021Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
5000000
CY2022Q1 us-gaap Increase Decrease In Operating Assets
IncreaseDecreaseInOperatingAssets
39000000
CY2021Q1 us-gaap Increase Decrease In Operating Assets
IncreaseDecreaseInOperatingAssets
3000000
CY2022Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
110000000
CY2021Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
37000000
CY2022Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
85000000
CY2021Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-20000000
CY2022Q1 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
14000000
CY2021Q1 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
10000000
CY2022Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-14000000
CY2021Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-10000000
CY2021Q1 us-gaap Proceeds From Debt Net Of Issuance Costs
ProceedsFromDebtNetOfIssuanceCosts
645000000
CY2021Q1 us-gaap Payments For Repurchase Of Preferred Stock And Preference Stock
PaymentsForRepurchaseOfPreferredStockAndPreferenceStock
252000000
CY2022Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
8000000
CY2021Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
23000000
CY2021Q1 ltrpa Payments To Acquire Capped Call
PaymentsToAcquireCappedCall
35000000
CY2022Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-2000000
CY2021Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-6000000
CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-10000000
CY2021Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
329000000
CY2022Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-4000000
CY2021Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-2000000
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
57000000
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
297000000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
760000000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
423000000
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
817000000
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
720000000
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2127000000
CY2022Q1 us-gaap Profit Loss
ProfitLoss
-53000000
CY2022Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-1000000
CY2022Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
25000000
CY2022Q1 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
8000000
CY2022Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2090000000
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2307000000
CY2021Q1 us-gaap Profit Loss
ProfitLoss
-158000000
CY2021Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-8000000
CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
34000000
CY2021Q1 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
23000000
CY2021Q1 us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
7000000
CY2021Q1 ltrpa Preferred Stock Adjustments
PreferredStockAdjustments
-370000000
CY2021Q1 ltrpa Adjustments To Additional Paid Capital Purchase Of Capped Calls
AdjustmentsToAdditionalPaidCapitalPurchaseOfCappedCalls
26000000
CY2021Q1 ltrpa Noncontrolling Interest Increase From Preferred Stock Repurchased With Subsidiary Shares
NoncontrollingInterestIncreaseFromPreferredStockRepurchasedWithSubsidiaryShares
92000000
CY2021Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1855000000
CY2020Q1 us-gaap Temporary Equity Shares Issued
TemporaryEquitySharesIssued
325000
CY2020Q1 us-gaap Preferred Stock Dividend Rate Percentage
PreferredStockDividendRatePercentage
0.08
CY2020Q1 us-gaap Temporary Equity Par Or Stated Value Per Share
TemporaryEquityParOrStatedValuePerShare
0.01
CY2020Q1 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
1000
CY2022Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
22000000
CY2021Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
30000000
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
-27000000
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
-90000000
CY2021Q1 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
370000000
CY2022Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-27000000
CY2021Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-460000000
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
76000000
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
75000000
CY2022Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1000000
CY2021Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2000000
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
77000000
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
77000000
CY2022Q1 ltrpa Realized And Unrealized Gains Losses On Financial Instruments
RealizedAndUnrealizedGainsLossesOnFinancialInstruments
-12000000
CY2021Q1 ltrpa Realized And Unrealized Gains Losses On Financial Instruments
RealizedAndUnrealizedGainsLossesOnFinancialInstruments
-65000000
CY2022Q1 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
11000000
CY2021Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
11000000
CY2022Q1 us-gaap Long Term Debt
LongTermDebt
1147000000
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
1143000000
CY2022Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
41000000
CY2022Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1106000000
CY2021Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1143000000
CY2020Q1 us-gaap Temporary Equity Shares Issued
TemporaryEquitySharesIssued
325000
CY2020Q1 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
1000
CY2020Q1 us-gaap Temporary Equity Redemption Price Per Share
TemporaryEquityRedemptionPricePerShare
1000
CY2020Q1 us-gaap Preferred Stock Dividend Rate Percentage
PreferredStockDividendRatePercentage
0.0800
CY2022Q1 ltrpa Call Right Reference Stock Vwp Calculation Business Days
CallRightReferenceStockVWPCalculationBusinessDays
2
CY2022Q1 ltrpa Redeemable Preferred Stock Restriction On Transfer Threshold Percentage Of Shares To Remain Outstanding After Transfer
RedeemablePreferredStockRestrictionOnTransferThresholdPercentageOfSharesToRemainOutstandingAfterTransfer
0.49
CY2022Q1 ltrpa Redeemable Preferred Stock Restriction On Transfer Maximum Number Of Holders
RedeemablePreferredStockRestrictionOnTransferMaximumNumberOfHolders
6
CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
262000000
CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
123000000
CY2022Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
132000000
CY2021Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
105000000
CY2022Q1 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
48000000
CY2021Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
37000000
CY2022Q1 ltrpa Accounts Receivable And Contract Assets Net Current
AccountsReceivableAndContractAssetsNetCurrent
180000000
CY2021Q4 ltrpa Accounts Receivable And Contract Assets Net Current
AccountsReceivableAndContractAssetsNetCurrent
142000000
CY2022Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
36000000
CY2022Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
18000000
CY2022Q1 ltrpa Contract With Customer Liability Amount Refunded Due To Cancellation
ContractWithCustomerLiabilityAmountRefundedDueToCancellation
2000000
CY2021Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
28000000
CY2021Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
11000000
CY2021Q1 ltrpa Contract With Customer Liability Amount Refunded Due To Cancellation
ContractWithCustomerLiabilityAmountRefundedDueToCancellation
2000000
CY2022Q1 ltrpa Adjusted Oibda
AdjustedOibda
25000000
CY2021Q1 ltrpa Adjusted Oibda
AdjustedOibda
-29000000
CY2022Q1 ltrpa Adjusted Oibda
AdjustedOibda
25000000
CY2021Q1 ltrpa Adjusted Oibda
AdjustedOibda
-29000000
CY2022Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
22000000
CY2021Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
30000000
CY2022Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
25000000
CY2021Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
38000000
CY2022Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-22000000
CY2021Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-97000000
CY2022Q1 us-gaap Interest Expense
InterestExpense
17000000
CY2021Q1 us-gaap Interest Expense
InterestExpense
11000000
CY2022Q1 ltrpa Realized And Unrealized Gains Losses On Financial Instruments
RealizedAndUnrealizedGainsLossesOnFinancialInstruments
-12000000
CY2021Q1 ltrpa Realized And Unrealized Gains Losses On Financial Instruments
RealizedAndUnrealizedGainsLossesOnFinancialInstruments
-65000000
CY2022Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-1000000
CY2021Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-2000000
CY2022Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-52000000
CY2021Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-175000000

Files In Submission

Name View Source Status
0001558370-22-007106-index-headers.html Edgar Link pending
0001558370-22-007106-index.html Edgar Link pending
0001558370-22-007106.txt Edgar Link pending
0001558370-22-007106-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
ltrpa-20220331.xsd Edgar Link pending
ltrpa-20220331x10q.htm Edgar Link pending
ltrpa-20220331x10q_htm.xml Edgar Link completed
ltrpa-20220331xex31d1.htm Edgar Link pending
ltrpa-20220331xex31d2.htm Edgar Link pending
ltrpa-20220331xex32.htm Edgar Link pending
ltrpa-20220331_cal.xml Edgar Link unprocessable
ltrpa-20220331_def.xml Edgar Link unprocessable
ltrpa-20220331_lab.xml Edgar Link unprocessable
ltrpa-20220331_pre.xml Edgar Link unprocessable
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending