Â鶹×îгöÆ·

Quarterly report pursuant to Section 13 or 15(d)

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

v3.22.1
Information About Â鶹×îгöÆ·'s Operating Segments (Tables)
3 Months Ended
Mar. 31, 2022
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,

​

​

ÌýÌýÌýÌý

2022

ÌýÌýÌýÌý

2021

Ìý

​

​

amountsÌýinÌýmillions

​

Â鶹×îгöÆ· SiriusXM Group

​

​

​

Ìý

​

​

Sirius XM Holdings:

​

​

​

​

​

​

Subscriber

​

$

1,713

​

1,611

​

Advertising

​

Ìý

383

​

354

​

Equipment

​

​

53

​

57

​

Other

​

​

37

​

36

​

Total Â鶹×îгöÆ· SiriusXM Group

​

​

2,186

​

2,058

​

Braves Group

​

Ìý

​

Ìý

​

​

Corporate and other:

​

Ìý

​

Ìý

​

​

Baseball

​

Ìý

11

Ìý

7

​

Development

​

Ìý

12

Ìý

9

​

Total Braves Group

​

​

23

​

16

​

Formula One Group

​

​

​

​

​

​

Formula 1:

​

​

​

​

​

​

Primary

​

​

287

​

159

​

Other

​

​

73

​

21

​

Total Formula One Group

​

​

360

​

180

​

Consolidated Â鶹×îгöÆ·

​

$

2,569

​

2,254

​

Adjusted OIBDA by segment

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​

​

​

​

​

​

​

​

​

Three months ended

​

​

​

March 31,

​

​

ÌýÌýÌýÌý

2022

ÌýÌýÌýÌý

2021

Ìý

​

​

amountsÌýinÌýmillions

​

Â鶹×îгöÆ· SiriusXM Group

​

​

​

​

​

​

Sirius XM Holdings

​

$

690

Ìý

682

​

Live Nation

​

​

209

​

(152)

​

Corporate and other

​

Ìý

(5)

Ìý

(5)

​

​

​

​

894

​

525

​

Eliminate equity method affiliate

​

​

(209)

​

152

​

Total Â鶹×îгöÆ· SiriusXM Group

​

Ìý

685

Ìý

677

​

Braves Group

​

​

​

​

​

​

Corporate and other

​

Ìý

(19)

Ìý

(22)

​

Total Braves Group

​

Ìý

(19)

Ìý

(22)

​

Formula One Group

​

Ìý

​

​

​

​

Formula 1

​

Ìý

122

Ìý

66

​

Corporate and other

​

​

(10)

​

(7)

​

Total Formula One Group

​

​

112

​

59

​

Consolidated Â鶹×îгöÆ·

​

$

778

Ìý

714

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Other Information By Segment

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​

​

​

​

​

​

​

​

​

​

​

March 31, 2022

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​

ÌýÌýÌýÌý

Total

ÌýÌýÌýÌý

Investments

ÌýÌýÌýÌý

Capital

Ìý

​

​

assets

​

inÌýaffiliates

​

expenditures

​

​

​

amountsÌýinÌýmillions

​

Â鶹×îгöÆ· SiriusXM Group

​

​

​

​

​

​

​

​

Sirius XM Holdings

​

$

29,690

Ìý

734

Ìý

97

​

Live Nation

​

​

16,007

​

318

​

46

​

Corporate and other

​

​

1,946

​

72

​

—

​

​

​

​

47,643

​

1,124

​

143

​

Eliminate equity method affiliate

​

​

(16,007)

​

(318)

​

(46)

​

Total Â鶹×îгöÆ· SiriusXM Group

​

​

31,636

​

806

​

97

​

Braves Group

​

​

​

​

​

​

​

​

Corporate and other

​

​

1,663

​

114

​

4

​

Total Braves Group

​

​

1,663

​

114

​

4

​

Formula One Group

​

​

​

​

​

​

​

​

Formula 1

​

​

9,056

​

—

​

5

​

Corporate and other

​

Ìý

2,797

Ìý

27

Ìý

5

​

Total Formula One Group

​

​

11,853

​

27

​

10

​

Elimination (1)

​

​

(633)

​

—

​

—

​

Consolidated Â鶹×îгöÆ·

​

$

44,519

Ìý

947

Ìý

111

​

(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. See note 2 for information regarding the intergroup interests. 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)

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​

​

​

​

​

Three months ended

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​

​

March 31,

​

​

ÌýÌýÌýÌý

2022

ÌýÌýÌýÌý

2021

Ìý

​

​

amountsÌýinÌýmillions

​

Adjusted OIBDA

​

$

778

Ìý

714

​

Impairment, restructuring and acquisition costs, net of recoveries (note 10)

​

​

—

​

(245)

​

Stock-based compensation

​

Ìý

(55)

Ìý

(63)

​

Depreciation and amortization

​

Ìý

(260)

Ìý

(264)

​

Operating income (loss)

​

​

463

​

142

​

Interest expense

​

Ìý

(157)

Ìý

(158)

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Share of earnings (losses) of affiliates, net

​

Ìý

(14)

Ìý

(95)

​

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

​

Ìý

59

Ìý

(49)

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Other, net

​

Ìý

45

Ìý

15

​

Earnings (loss) before income taxes

​

$

396

Ìý

(145)

​