Â鶹×îгöÆ·

Quarterly report pursuant to Section 13 or 15(d)

Information About Â鶹×îгöÆ·'s Operating Segments (Tables)

v3.20.1
Information About Â鶹×îгöÆ·'s Operating Segments (Tables)
3 Months Ended
Mar. 31, 2020
Information About Â鶹×îгöÆ·'s Operating Segments Ìý
Schedule of revenue disaggregated by source

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Three months ended

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March 31,

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ÌýÌýÌýÌý

2020

ÌýÌýÌýÌý

2019

Ìý

​

​

amountsÌýinÌýmillions

​

Â鶹×îгöÆ· SiriusXM Group

​

​

​

Ìý

​

​

Sirius XM Holdings:

​

​

​

​

​

​

Subscriber

​

$

1,585

​

1,458

​

Advertising

​

Ìý

285

​

209

​

Equipment

​

​

41

​

41

​

Other

​

​

41

​

36

​

Total Â鶹×îгöÆ· SiriusXM Group

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​

1,952

​

1,744

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Braves Group

​

Ìý

​

Ìý

​

​

Corporate and other:

​

Ìý

​

Ìý

​

​

Baseball

​

Ìý

12

Ìý

14

​

Development

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Ìý

10

Ìý

8

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Total Braves Group

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​

22

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22

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Formula One Group

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​

​

​

​

​

Formula 1:

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​

​

​

​

​

Primary

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​

13

​

198

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Other

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​

26

​

48

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Total Formula One Group

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​

39

​

246

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Consolidated Â鶹×îгöÆ·

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$

2,013

Ìý

2,012

​

Adjusted OIBDA by segment

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​

​

​

​

​

​

​

​

​

Three months ended

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​

​

March 31,

​

​

ÌýÌýÌýÌý

2020

ÌýÌýÌýÌý

2019

Ìý

​

​

amountsÌýinÌýmillions

​

Â鶹×îгöÆ· SiriusXM Group

​

​

​

​

​

​

Sirius XM Holdings

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$

639

Ìý

590

​

Corporate and other

​

Ìý

(7)

Ìý

(2)

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Total Â鶹×îгöÆ· SiriusXM Group

​

Ìý

632

Ìý

588

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Braves Group

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​

​

​

​

​

Corporate and other

​

Ìý

(26)

Ìý

(33)

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Total Braves Group

​

Ìý

(26)

Ìý

(33)

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Formula One Group

​

Ìý

​

​

​

​

Formula 1

​

Ìý

(32)

Ìý

65

​

Corporate and other

​

​

(10)

​

(6)

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Total Formula One Group

​

​

(42)

​

59

​

Consolidated Â鶹×îгöÆ·

​

$

564

Ìý

614

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Other Information By Segment

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​

​

​

​

​

​

​

​

​

​

March 31, 2020

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ÌýÌýÌýÌý

Total

ÌýÌýÌýÌý

Investments

ÌýÌýÌýÌý

Capital

Ìý

​

​

assets

​

inÌýaffiliates

​

expenditures

​

​

​

amountsÌýinÌýmillions

​

Â鶹×îгöÆ· SiriusXM Group

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​

​

​

​

​

​

​

Sirius XM Holdings

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$

30,685

Ìý

670

Ìý

62

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Corporate and other

​

​

423

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—

​

—

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Total Â鶹×îгöÆ· SiriusXM Group

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31,108

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670

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62

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Braves Group

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​

​

​

​

​

​

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Corporate and other

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​

1,715

​

101

​

24

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Total Braves Group

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​

1,715

​

101

​

24

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Formula One Group

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​

​

​

​

​

​

​

Formula 1

​

​

9,684

​

—

​

2

​

Corporate and other

​

Ìý

1,678

Ìý

671

Ìý

—

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Total Formula One Group

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​

11,362

​

671

​

2

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Elimination (1)

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​

(267)

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—

​

—

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Consolidated Â鶹×îгöÆ·

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$

43,918

Ìý

1,442

Ìý

88

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(1) This is primarily the intergroup interests in the Â鶹×îгöÆ· SiriusXM Group and the Braves Group held by the Formula One Group, as discussed in note 2. The intergroup interests attributable to the Formula One Group are presented as an asset and the intergroup interests attributable to the Â鶹×îгöÆ· SiriusXM Group and the Braves Group are presented as liabilities in the attributed financial statements and the offsetting amounts between tracking stock groups are eliminated in consolidation.
Reconciliation of Adjusted OIBDA to operating income (loss) and earnings (loss)

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Three months ended

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​

​

March 31,

​

​

ÌýÌýÌýÌý

2020

ÌýÌýÌýÌý

2019

Ìý

​

​

amountsÌýinÌýmillions

​

Adjusted OIBDA

​

$

564

Ìý

614

​

Legal settlements and reserves

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​

16

​

(25)

​

Stock-based compensation

​

Ìý

(67)

Ìý

(65)

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Acquisition and other related costs (note 3)

​

​

—

​

(76)

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Depreciation and amortization

​

Ìý

(267)

Ìý

(248)

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Operating income (loss)

​

​

246

​

200

​

Interest expense

​

Ìý

(164)

Ìý

(159)

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Share of earnings (losses) of affiliates, net

​

Ìý

(62)

Ìý

(20)

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Realized and unrealized gains (losses) on financial instruments, net

​

Ìý

1

Ìý

(98)

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Other, net

​

Ìý

17

Ìý

8

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Earnings (loss) before income taxes

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$

38

Ìý

(69)

​