Information About Â鶹×îгöÆ·'s Operating Segments (Tables)
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9 Months Ended |
Sep. 30, 2020 |
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| Information About Â鶹×îгöÆ·'s Operating Segments |
Ìý
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| Schedule of revenue disaggregated by source |
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Three months ended |
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Nine months ended |
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​ |
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September 30, |
​ |
September 30, |
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​ |
ÌýÌýÌýÌý |
2020 |
ÌýÌýÌýÌý |
2019 |
ÌýÌýÌýÌý |
2020 |
ÌýÌýÌýÌý |
2019 |
Ìý |
|
​ |
​ |
amountsÌýinÌýmillions |
​ |
Â鶹×îгöÆ· SiriusXM Group |
​ |
​ |
​ |
Ìý |
​ |
Ìý |
​ |
Ìý |
​ |
​ |
Sirius XM Holdings: |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Subscriber |
​ |
$ |
1,594 |
​ |
1,556 |
​ |
4,757 |
Ìý |
4,551 |
​ |
Advertising |
​ |
Ìý |
345 |
​ |
366 |
​ |
866 |
Ìý |
933 |
​ |
Equipment |
​ |
​ |
47 |
​ |
45 |
​ |
113 |
​ |
127 |
​ |
Other |
​ |
​ |
39 |
​ |
44 |
​ |
115 |
​ |
121 |
​ |
Total Â鶹×îгöÆ· SiriusXM Group |
​ |
​ |
2,025 |
​ |
2,011 |
​ |
5,851 |
​ |
5,732 |
​ |
Braves Group |
​ |
Ìý |
​ |
Ìý |
​ |
Ìý |
​ |
Ìý |
​ |
​ |
Corporate and other: |
​ |
Ìý |
​ |
Ìý |
​ |
Ìý |
​ |
Ìý |
​ |
​ |
Baseball |
​ |
Ìý |
102 |
Ìý |
203 |
Ìý |
119 |
Ìý |
415 |
​ |
Development |
​ |
Ìý |
8 |
Ìý |
9 |
Ìý |
24 |
Ìý |
27 |
​ |
Total Braves Group |
​ |
​ |
110 |
​ |
212 |
​ |
143 |
​ |
442 |
​ |
Formula One Group |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Formula 1: |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Primary |
​ |
​ |
524 |
​ |
553 |
​ |
549 |
​ |
1,282 |
​ |
Other |
​ |
​ |
73 |
​ |
80 |
​ |
111 |
​ |
217 |
​ |
Total Formula One Group |
​ |
​ |
597 |
​ |
633 |
​ |
660 |
​ |
1,499 |
​ |
Consolidated Â鶹×îгöÆ· |
​ |
$ |
2,732 |
Ìý |
2,856 |
Ìý |
6,654 |
Ìý |
7,673 |
​ |
|
| Adjusted OIBDA by segment |
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|
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|
​ |
​ |
Three months ended |
​ |
Nine months ended |
​ |
​ |
​ |
September 30, |
​ |
September 30, |
​ |
​ |
ÌýÌýÌýÌý |
2020 |
ÌýÌýÌýÌý |
2019 |
ÌýÌýÌýÌý |
2020 |
ÌýÌýÌýÌý |
2019 |
Ìý |
|
​ |
​ |
amountsÌýinÌýmillions |
​ |
Â鶹×îгöÆ· SiriusXM Group |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Sirius XM Holdings |
​ |
$ |
661 |
Ìý |
659 |
Ìý |
1,915 |
Ìý |
1,871 |
​ |
Corporate and other |
​ |
Ìý |
(7) |
Ìý |
(4) |
Ìý |
(26) |
Ìý |
(10) |
​ |
Total Â鶹×îгöÆ· SiriusXM Group |
​ |
Ìý |
654 |
Ìý |
655 |
Ìý |
1,889 |
Ìý |
1,861 |
​ |
Braves Group |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Corporate and other |
​ |
Ìý |
5 |
Ìý |
45 |
Ìý |
(49) |
Ìý |
73 |
​ |
Total Braves Group |
​ |
Ìý |
5 |
Ìý |
45 |
Ìý |
(49) |
Ìý |
73 |
​ |
Formula One Group |
​ |
Ìý |
​ |
​ |
​ |
​ |
​ |
Ìý |
​ |
​ |
Formula 1 |
​ |
Ìý |
14 |
Ìý |
162 |
Ìý |
(34) |
Ìý |
372 |
​ |
Corporate and other |
​ |
​ |
(6) |
​ |
(8) |
​ |
(26) |
​ |
(23) |
​ |
Total Formula One Group |
​ |
​ |
8 |
​ |
154 |
​ |
(60) |
​ |
349 |
​ |
Consolidated Â鶹×îгöÆ· |
​ |
$ |
667 |
Ìý |
854 |
Ìý |
1,780 |
Ìý |
2,283 |
​ |
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| Other Information By Segment |
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September 30, 2020 |
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​ |
ÌýÌýÌýÌý |
Total |
ÌýÌýÌýÌý |
Investments |
ÌýÌýÌýÌý |
Capital |
Ìý |
​ |
​ |
assets |
​ |
inÌýaffiliates |
​ |
expenditures |
​ |
|
​ |
​ |
amountsÌýinÌýmillions |
​ |
Â鶹×îгöÆ· SiriusXM Group |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Sirius XM Holdings |
​ |
$ |
30,517 |
Ìý |
697 |
Ìý |
230 |
​ |
Corporate and other |
​ |
​ |
1,093 |
​ |
289 |
​ |
— |
​ |
Total Â鶹×îгöÆ· SiriusXM Group |
​ |
​ |
31,610 |
​ |
986 |
​ |
230 |
​ |
Braves Group |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Corporate and other |
​ |
​ |
1,628 |
​ |
87 |
​ |
69 |
​ |
Total Braves Group |
​ |
​ |
1,628 |
​ |
87 |
​ |
69 |
​ |
Formula One Group |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Formula 1 |
​ |
​ |
8,807 |
​ |
— |
​ |
7 |
​ |
Corporate and other |
​ |
Ìý |
2,424 |
Ìý |
33 |
Ìý |
10 |
​ |
Total Formula One Group |
​ |
​ |
11,231 |
​ |
33 |
​ |
17 |
​ |
Elimination (1) |
​ |
​ |
(680) |
​ |
— |
​ |
— |
​ |
Consolidated Â鶹×îгöÆ· |
​ |
$ |
43,789 |
Ìý |
1,106 |
Ìý |
316 |
​ |
|
(1) |
This amount is primarily comprised of the call spread between the Formula One Group and the Â鶹×îгöÆ· SiriusXM Group with respect to the Live Nation shares that were reattributed to the Â鶹×îгöÆ· SiriusXM Group and the intergroup interests in the Braves Group held by the Formula One Group and the Â鶹×îгöÆ· SiriusXM Group and the intergroup interest in the Formula One Group held by the Â鶹×îгöÆ· SiriusXM Group, as discussed in note 2. The Braves Group intergroup interests attributable to the Formula One Group and the Â鶹×îгöÆ· SiriusXM Group are presented as assets of the Formula One Group and Â鶹×îгöÆ· SiriusXM Group, respectively, and are presented as liabilities of the Braves Group in the attributed financial statements. The Formula One Group intergroup interest attributable to the Â鶹×îгöÆ· SiriusXM Group is presented as an asset of the Â鶹×îгöÆ· SiriusXM Group and is presented as a liability of the Formula One Group in the attributed financial statements. The offsetting amounts between tracking stock groups are eliminated in consolidation. |
|
| Reconciliation of Adjusted OIBDA to operating income (loss) and earnings (loss) |
​
|
|
|
|
|
|
|
|
|
|
|
​ |
​ |
Three months ended |
​ |
Nine months ended |
​ |
​ |
​ |
September 30, |
​ |
September 30, |
​ |
​ |
ÌýÌýÌýÌý |
2020 |
ÌýÌýÌýÌý |
2019 |
ÌýÌýÌýÌý |
2020 |
ÌýÌýÌýÌý |
2019 |
Ìý |
|
​ |
​ |
amountsÌýinÌýmillions |
​ |
Adjusted OIBDA |
​ |
$ |
667 |
Ìý |
854 |
Ìý |
1,780 |
Ìý |
2,283 |
​ |
Legal settlements and reserves |
​ |
​ |
— |
​ |
— |
​ |
16 |
​ |
(25) |
​ |
Stock-based compensation |
​ |
Ìý |
(68) |
Ìý |
(76) |
Ìý |
(180) |
Ìý |
(217) |
​ |
Acquisition and restructuring (note 3) |
​ |
​ |
— |
​ |
— |
​ |
(24) |
​ |
(83) |
​ |
Depreciation and amortization |
​ |
Ìý |
(279) |
Ìý |
(271) |
Ìý |
(812) |
Ìý |
(790) |
​ |
Operating income (loss) |
​ |
​ |
320 |
​ |
507 |
​ |
780 |
​ |
1,168 |
​ |
Interest expense |
​ |
Ìý |
(153) |
Ìý |
(169) |
Ìý |
(480) |
Ìý |
(495) |
​ |
Share of earnings (losses) of affiliates, net |
​ |
Ìý |
(187) |
Ìý |
55 |
Ìý |
(442) |
Ìý |
69 |
​ |
Realized and unrealized gains (losses) on financial instruments, net |
​ |
Ìý |
16 |
Ìý |
14 |
Ìý |
(163) |
Ìý |
(171) |
​ |
Other, net |
​ |
Ìý |
(32) |
Ìý |
(47) |
Ìý |
(1) |
Ìý |
(18) |
​ |
Earnings (loss) before income taxes |
​ |
$ |
(36) |
Ìý |
360 |
Ìý |
(306) |
Ìý |
553 |
​ |
|