Information About Â鶹×îгöÆ·'s Operating Segments (Tables)
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6 Months Ended |
Jun. 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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Six months ended |
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​ |
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June 30, |
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June 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 |
​ |
$ |
1,578 |
​ |
1,537 |
​ |
3,163 |
Ìý |
2,995 |
​ |
Advertising |
​ |
Ìý |
236 |
​ |
358 |
​ |
521 |
Ìý |
567 |
​ |
Equipment |
​ |
​ |
25 |
​ |
41 |
​ |
66 |
​ |
82 |
​ |
Other |
​ |
​ |
35 |
​ |
41 |
​ |
76 |
​ |
77 |
​ |
Total Â鶹×îгöÆ· SiriusXM Group |
​ |
​ |
1,874 |
​ |
1,977 |
​ |
3,826 |
​ |
3,721 |
​ |
Braves Group |
​ |
Ìý |
​ |
Ìý |
​ |
Ìý |
​ |
Ìý |
​ |
​ |
Corporate and other: |
​ |
Ìý |
​ |
Ìý |
​ |
Ìý |
​ |
Ìý |
​ |
​ |
Baseball |
​ |
Ìý |
5 |
Ìý |
198 |
Ìý |
17 |
Ìý |
212 |
​ |
Development |
​ |
Ìý |
6 |
Ìý |
10 |
Ìý |
16 |
Ìý |
18 |
​ |
Total Braves Group |
​ |
​ |
11 |
​ |
208 |
​ |
33 |
​ |
230 |
​ |
Formula One Group |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Formula 1: |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Primary |
​ |
​ |
12 |
​ |
531 |
​ |
25 |
​ |
729 |
​ |
Other |
​ |
​ |
12 |
​ |
89 |
​ |
38 |
​ |
137 |
​ |
Total Formula One Group |
​ |
​ |
24 |
​ |
620 |
​ |
63 |
​ |
866 |
​ |
Consolidated Â鶹×îгöÆ· |
​ |
$ |
1,909 |
Ìý |
2,805 |
Ìý |
3,922 |
Ìý |
4,817 |
​ |
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| Adjusted OIBDA by segment |
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Three months ended |
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Six months ended |
​ |
​ |
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June 30, |
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June 30, |
​ |
​ |
ÌýÌýÌýÌý |
2020 |
ÌýÌýÌýÌý |
2019 |
ÌýÌýÌýÌý |
2020 |
ÌýÌýÌýÌý |
2019 |
Ìý |
|
​ |
​ |
amountsÌýinÌýmillions |
​ |
Â鶹×îгöÆ· SiriusXM Group |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Sirius XM Holdings |
​ |
$ |
615 |
Ìý |
622 |
Ìý |
1,254 |
Ìý |
1,212 |
​ |
Corporate and other |
​ |
Ìý |
(12) |
Ìý |
(4) |
Ìý |
(19) |
Ìý |
(6) |
​ |
Total Â鶹×îгöÆ· SiriusXM Group |
​ |
Ìý |
603 |
Ìý |
618 |
Ìý |
1,235 |
Ìý |
1,206 |
​ |
Braves Group |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Corporate and other |
​ |
Ìý |
(28) |
Ìý |
61 |
Ìý |
(54) |
Ìý |
28 |
​ |
Total Braves Group |
​ |
Ìý |
(28) |
Ìý |
61 |
Ìý |
(54) |
Ìý |
28 |
​ |
Formula One Group |
​ |
Ìý |
​ |
​ |
​ |
​ |
​ |
Ìý |
​ |
​ |
Formula 1 |
​ |
Ìý |
(16) |
Ìý |
145 |
Ìý |
(48) |
Ìý |
210 |
​ |
Corporate and other |
​ |
​ |
(10) |
​ |
(9) |
​ |
(20) |
​ |
(15) |
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Total Formula One Group |
​ |
​ |
(26) |
​ |
136 |
​ |
(68) |
​ |
195 |
​ |
Consolidated Â鶹×îгöÆ· |
​ |
$ |
549 |
Ìý |
815 |
Ìý |
1,113 |
Ìý |
1,429 |
​ |
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| Other Information By Segment |
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June 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 |
​ |
$ |
32,253 |
Ìý |
692 |
Ìý |
149 |
​ |
Corporate and other |
​ |
​ |
1,246 |
​ |
453 |
​ |
— |
​ |
Total Â鶹×îгöÆ· SiriusXM Group |
​ |
​ |
33,499 |
​ |
1,145 |
​ |
149 |
​ |
Braves Group |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Corporate and other |
​ |
​ |
1,702 |
​ |
96 |
​ |
43 |
​ |
Total Braves Group |
​ |
​ |
1,702 |
​ |
96 |
​ |
43 |
​ |
Formula One Group |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Formula 1 |
​ |
​ |
9,256 |
​ |
— |
​ |
4 |
​ |
Corporate and other |
​ |
Ìý |
2,327 |
Ìý |
33 |
Ìý |
10 |
​ |
Total Formula One Group |
​ |
​ |
11,583 |
​ |
33 |
​ |
14 |
​ |
Elimination (1) |
​ |
​ |
(576) |
​ |
— |
​ |
— |
​ |
Consolidated Â鶹×îгöÆ· |
​ |
$ |
46,208 |
Ìý |
1,274 |
Ìý |
206 |
​ |
|
(1) |
This is primarily 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 |
​ |
Six months ended |
​ |
​ |
​ |
June 30, |
​ |
June 30, |
​ |
​ |
ÌýÌýÌýÌý |
2020 |
ÌýÌýÌýÌý |
2019 |
ÌýÌýÌýÌý |
2020 |
ÌýÌýÌýÌý |
2019 |
Ìý |
|
​ |
​ |
amountsÌýinÌýmillions |
​ |
Adjusted OIBDA |
​ |
$ |
549 |
Ìý |
815 |
Ìý |
1,113 |
Ìý |
1,429 |
​ |
Legal settlements and reserves |
​ |
​ |
— |
​ |
— |
​ |
16 |
​ |
(25) |
​ |
Stock-based compensation |
​ |
Ìý |
(45) |
Ìý |
(76) |
Ìý |
(112) |
Ìý |
(141) |
​ |
Acquisition and restructuring (note 3) |
​ |
​ |
(24) |
​ |
(7) |
​ |
(24) |
​ |
(83) |
​ |
Depreciation and amortization |
​ |
Ìý |
(266) |
Ìý |
(271) |
Ìý |
(533) |
Ìý |
(519) |
​ |
Operating income (loss) |
​ |
​ |
214 |
​ |
461 |
​ |
460 |
​ |
661 |
​ |
Interest expense |
​ |
Ìý |
(163) |
Ìý |
(167) |
Ìý |
(327) |
Ìý |
(326) |
​ |
Share of earnings (losses) of affiliates, net |
​ |
Ìý |
(193) |
Ìý |
34 |
Ìý |
(255) |
Ìý |
14 |
​ |
Realized and unrealized gains (losses) on financial instruments, net |
​ |
Ìý |
(180) |
Ìý |
(87) |
Ìý |
(179) |
Ìý |
(185) |
​ |
Other, net |
​ |
Ìý |
14 |
Ìý |
21 |
Ìý |
31 |
Ìý |
29 |
​ |
Earnings (loss) before income taxes |
​ |
$ |
(308) |
Ìý |
262 |
Ìý |
(270) |
Ìý |
193 |
​ |
|