Information About Â鶹×îгöÆ·'s Operating Segments (Tables)
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6 Months Ended |
Jun. 30, 2021 |
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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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June 30, |
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June 30, |
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​ |
ÌýÌýÌýÌý |
2021 |
ÌýÌýÌýÌý |
2020 |
ÌýÌýÌýÌý |
2021 |
ÌýÌýÌýÌý |
2020 |
Ìý |
|
​ |
​ |
amountsÌýinÌýmillions |
​ |
Â鶹×îгöÆ· SiriusXM Group |
​ |
​ |
​ |
Ìý |
​ |
Ìý |
​ |
Ìý |
​ |
​ |
Sirius XM Holdings: |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Subscriber |
​ |
$ |
1,641 |
​ |
1,578 |
​ |
3,252 |
Ìý |
3,163 |
​ |
Advertising |
​ |
Ìý |
429 |
​ |
236 |
​ |
783 |
Ìý |
521 |
​ |
Equipment |
​ |
​ |
51 |
​ |
25 |
​ |
108 |
​ |
66 |
​ |
Other |
​ |
​ |
38 |
​ |
35 |
​ |
74 |
​ |
76 |
​ |
Total Â鶹×îгöÆ· SiriusXM Group |
​ |
​ |
2,159 |
​ |
1,874 |
​ |
4,217 |
​ |
3,826 |
​ |
Braves Group |
​ |
Ìý |
​ |
Ìý |
​ |
Ìý |
​ |
Ìý |
​ |
​ |
Corporate and other: |
​ |
Ìý |
​ |
Ìý |
​ |
Ìý |
​ |
Ìý |
​ |
​ |
Baseball |
​ |
Ìý |
204 |
Ìý |
5 |
Ìý |
211 |
Ìý |
17 |
​ |
Development |
​ |
Ìý |
12 |
Ìý |
6 |
Ìý |
21 |
Ìý |
16 |
​ |
Total Braves Group |
​ |
​ |
216 |
​ |
11 |
​ |
232 |
​ |
33 |
​ |
Formula One Group |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Formula 1: |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Primary |
​ |
​ |
464 |
​ |
15 |
​ |
623 |
​ |
32 |
​ |
Other |
​ |
​ |
37 |
​ |
9 |
​ |
58 |
​ |
31 |
​ |
Total Formula One Group |
​ |
​ |
501 |
​ |
24 |
​ |
681 |
​ |
63 |
​ |
Consolidated Â鶹×îгöÆ· |
​ |
$ |
2,876 |
​ |
1,909 |
Ìý |
5,130 |
Ìý |
3,922 |
​ |
|
| 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 |
2021 |
ÌýÌýÌýÌý |
2020 |
ÌýÌýÌýÌý |
2021 |
ÌýÌýÌýÌý |
2020 |
Ìý |
|
​ |
​ |
amountsÌýinÌýmillions |
​ |
Â鶹×îгöÆ· SiriusXM Group |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Sirius XM Holdings |
​ |
$ |
699 |
Ìý |
615 |
Ìý |
1,381 |
Ìý |
1,254 |
​ |
Live Nation |
​ |
​ |
10 |
​ |
(327) |
​ |
(142) |
​ |
(327) |
​ |
Corporate and other |
​ |
Ìý |
(2) |
Ìý |
(12) |
Ìý |
(7) |
Ìý |
(19) |
​ |
​ |
​ |
​ |
707 |
​ |
276 |
​ |
1,232 |
​ |
908 |
​ |
Eliminate equity method affiliate |
​ |
​ |
(10) |
​ |
327 |
​ |
142 |
​ |
327 |
​ |
Total Â鶹×îгöÆ· SiriusXM Group |
​ |
Ìý |
697 |
Ìý |
603 |
Ìý |
1,374 |
Ìý |
1,235 |
​ |
Braves Group |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Corporate and other |
​ |
Ìý |
53 |
Ìý |
(28) |
Ìý |
31 |
Ìý |
(54) |
​ |
Total Braves Group |
​ |
Ìý |
53 |
Ìý |
(28) |
Ìý |
31 |
Ìý |
(54) |
​ |
Formula One Group |
​ |
Ìý |
​ |
​ |
​ |
​ |
​ |
Ìý |
​ |
​ |
Formula 1 |
​ |
Ìý |
66 |
Ìý |
(16) |
Ìý |
132 |
Ìý |
(48) |
​ |
Live Nation |
​ |
​ |
NA |
​ |
(104) |
​ |
NA |
​ |
(125) |
​ |
Corporate and other |
​ |
​ |
(3) |
​ |
(10) |
​ |
(10) |
​ |
(20) |
​ |
​ |
​ |
​ |
63 |
​ |
(130) |
​ |
122 |
​ |
(193) |
​ |
Eliminate equity method affiliate |
​ |
​ |
NA |
​ |
104 |
​ |
NA |
​ |
125 |
​ |
Total Formula One Group |
​ |
​ |
63 |
​ |
(26) |
​ |
122 |
​ |
(68) |
​ |
Consolidated Â鶹×îгöÆ· |
​ |
$ |
813 |
Ìý |
549 |
Ìý |
1,527 |
Ìý |
1,113 |
​ |
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| Other Information By Segment |
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June 30, 2021 |
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ÌýÌýÌýÌý |
Total |
ÌýÌýÌýÌý |
Investments |
ÌýÌýÌýÌý |
Capital |
Ìý |
​ |
​ |
assets |
​ |
inÌýaffiliates |
​ |
expenditures |
​ |
|
​ |
​ |
amountsÌýinÌýmillions |
​ |
Â鶹×îгöÆ· SiriusXM Group |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Sirius XM Holdings |
​ |
$ |
30,868 |
Ìý |
746 |
Ìý |
164 |
​ |
Live Nation |
​ |
​ |
12,246 |
​ |
208 |
​ |
55 |
​ |
Corporate and other |
​ |
​ |
1,672 |
​ |
— |
​ |
— |
​ |
​ |
​ |
​ |
44,786 |
​ |
954 |
​ |
219 |
​ |
Eliminate equity method affiliate |
​ |
​ |
(12,246) |
​ |
(208) |
​ |
(55) |
​ |
Total Â鶹×îгöÆ· SiriusXM Group |
​ |
​ |
32,540 |
​ |
746 |
​ |
164 |
​ |
Braves Group |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Corporate and other |
​ |
​ |
1,605 |
​ |
102 |
​ |
19 |
​ |
Total Braves Group |
​ |
​ |
1,605 |
​ |
102 |
​ |
19 |
​ |
Formula One Group |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Formula 1 |
​ |
​ |
8,920 |
​ |
— |
​ |
7 |
​ |
Corporate and other |
​ |
Ìý |
3,109 |
Ìý |
33 |
Ìý |
— |
​ |
Total Formula One Group |
​ |
​ |
12,029 |
​ |
33 |
​ |
7 |
​ |
Elimination (1) |
​ |
​ |
(520) |
​ |
— |
​ |
— |
​ |
Consolidated Â鶹×îгöÆ· |
​ |
$ |
45,654 |
Ìý |
881 |
Ìý |
190 |
​ |
|
(1) |
This amount is primarily comprised of 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. 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. |
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| Reconciliation of Adjusted OIBDA to operating income (loss) and earnings (loss) |
​
|
|
|
|
|
|
|
|
|
|
|
​ |
​ |
Three months ended |
​ |
Six months ended |
​ |
​ |
​ |
June 30, |
​ |
June 30, |
​ |
​ |
ÌýÌýÌýÌý |
2021 |
ÌýÌýÌýÌý |
2020 |
ÌýÌýÌýÌý |
2021 |
ÌýÌýÌýÌý |
2020 |
Ìý |
|
​ |
​ |
amountsÌýinÌýmillions |
​ |
Adjusted OIBDA |
​ |
$ |
813 |
Ìý |
549 |
Ìý |
1,527 |
Ìý |
1,113 |
​ |
Impairment, restructuring and acquisition costs (note 10) |
​ |
​ |
137 |
​ |
(24) |
​ |
(108) |
​ |
(24) |
​ |
Legal reserves |
​ |
​ |
— |
​ |
— |
​ |
— |
​ |
16 |
​ |
Stock-based compensation |
​ |
Ìý |
(60) |
Ìý |
(45) |
Ìý |
(123) |
Ìý |
(112) |
​ |
Depreciation and amortization |
​ |
Ìý |
(268) |
Ìý |
(266) |
Ìý |
(532) |
Ìý |
(533) |
​ |
Operating income (loss) |
​ |
​ |
622 |
​ |
214 |
​ |
764 |
​ |
460 |
​ |
Interest expense |
​ |
Ìý |
(158) |
Ìý |
(163) |
Ìý |
(316) |
Ìý |
(327) |
​ |
Share of earnings (losses) of affiliates, net |
​ |
Ìý |
(48) |
Ìý |
(193) |
Ìý |
(143) |
Ìý |
(255) |
​ |
Realized and unrealized gains (losses) on financial instruments, net |
​ |
Ìý |
155 |
Ìý |
(180) |
Ìý |
106 |
Ìý |
(179) |
​ |
Other, net |
​ |
Ìý |
13 |
Ìý |
14 |
Ìý |
28 |
Ìý |
31 |
​ |
Earnings (loss) before income taxes |
​ |
$ |
584 |
Ìý |
(308) |
Ìý |
439 |
Ìý |
(270) |
​ |
|