Information About Â鶹×îгöÆ·'s Operating Segments (Tables)
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6 Months Ended |
Jun. 30, 2022 |
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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 |
2022 |
ÌýÌýÌýÌý |
2021 |
ÌýÌýÌýÌý |
2022 |
ÌýÌýÌýÌý |
2021 |
Ìý |
|
​ |
​ |
amountsÌýinÌýmillions |
​ |
Â鶹×îгöÆ· SiriusXM Group |
​ |
​ |
​ |
Ìý |
​ |
Ìý |
​ |
Ìý |
​ |
​ |
Sirius XM Holdings: |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Subscriber |
​ |
$ |
1,719 |
​ |
1,641 |
​ |
3,432 |
Ìý |
3,252 |
​ |
Advertising |
​ |
Ìý |
452 |
​ |
429 |
​ |
835 |
Ìý |
783 |
​ |
Equipment |
​ |
​ |
45 |
​ |
51 |
​ |
98 |
​ |
108 |
​ |
Other |
​ |
​ |
38 |
​ |
38 |
​ |
75 |
​ |
74 |
​ |
Total Â鶹×îгöÆ· SiriusXM Group |
​ |
​ |
2,254 |
​ |
2,159 |
​ |
4,440 |
​ |
4,217 |
​ |
Braves Group |
​ |
Ìý |
​ |
Ìý |
​ |
Ìý |
​ |
Ìý |
​ |
​ |
Corporate and other: |
​ |
Ìý |
​ |
Ìý |
​ |
Ìý |
​ |
Ìý |
​ |
​ |
Baseball |
​ |
Ìý |
247 |
Ìý |
204 |
Ìý |
258 |
Ìý |
211 |
​ |
Development |
​ |
Ìý |
13 |
Ìý |
12 |
Ìý |
25 |
Ìý |
21 |
​ |
Total Braves Group |
​ |
​ |
260 |
​ |
216 |
​ |
283 |
​ |
232 |
​ |
Formula One Group |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Formula 1: |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Primary |
​ |
​ |
628 |
​ |
464 |
​ |
915 |
​ |
623 |
​ |
Other |
​ |
​ |
116 |
​ |
37 |
​ |
189 |
​ |
58 |
​ |
Total Formula One Group |
​ |
​ |
744 |
​ |
501 |
​ |
1,104 |
​ |
681 |
​ |
Consolidated Â鶹×îгöÆ· |
​ |
$ |
3,258 |
​ |
2,876 |
Ìý |
5,827 |
Ìý |
5,130 |
​ |
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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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​ |
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June 30, |
​ |
June 30, |
​ |
​ |
ÌýÌýÌýÌý |
2022 |
ÌýÌýÌýÌý |
2021 |
ÌýÌýÌýÌý |
2022 |
ÌýÌýÌýÌý |
2021 |
Ìý |
|
​ |
​ |
amountsÌýinÌýmillions |
​ |
Â鶹×îгöÆ· SiriusXM Group |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Sirius XM Holdings |
​ |
$ |
679 |
Ìý |
699 |
Ìý |
1,369 |
Ìý |
1,381 |
​ |
Live Nation |
​ |
​ |
480 |
​ |
10 |
​ |
689 |
​ |
(142) |
​ |
Corporate and other |
​ |
Ìý |
(4) |
Ìý |
(2) |
Ìý |
(9) |
Ìý |
(7) |
​ |
​ |
​ |
​ |
1,155 |
​ |
707 |
​ |
2,049 |
​ |
1,232 |
​ |
Eliminate equity method affiliate |
​ |
​ |
(480) |
​ |
(10) |
​ |
(689) |
​ |
142 |
​ |
Total Â鶹×îгöÆ· SiriusXM Group |
​ |
Ìý |
675 |
Ìý |
697 |
Ìý |
1,360 |
Ìý |
1,374 |
​ |
Braves Group |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Corporate and other |
​ |
Ìý |
55 |
Ìý |
53 |
Ìý |
36 |
Ìý |
31 |
​ |
Total Braves Group |
​ |
Ìý |
55 |
Ìý |
53 |
Ìý |
36 |
Ìý |
31 |
​ |
Formula One Group |
​ |
Ìý |
​ |
​ |
​ |
​ |
​ |
Ìý |
​ |
​ |
Formula 1 |
​ |
Ìý |
154 |
Ìý |
66 |
Ìý |
276 |
Ìý |
132 |
​ |
Corporate and other |
​ |
​ |
(8) |
​ |
(3) |
​ |
(18) |
​ |
(10) |
​ |
Total Formula One Group |
​ |
​ |
146 |
​ |
63 |
​ |
258 |
​ |
122 |
​ |
Consolidated Â鶹×îгöÆ· |
​ |
$ |
876 |
Ìý |
813 |
Ìý |
1,654 |
Ìý |
1,527 |
​ |
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| Other Information By Segment |
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June 30, 2022 |
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ÌýÌýÌýÌý |
Total |
ÌýÌýÌýÌý |
Investments |
ÌýÌýÌýÌý |
Capital |
Ìý |
​ |
​ |
assets |
​ |
inÌýaffiliates |
​ |
expenditures |
​ |
|
​ |
​ |
amountsÌýinÌýmillions |
​ |
Â鶹×îгöÆ· SiriusXM Group |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Sirius XM Holdings |
​ |
$ |
29,769 |
Ìý |
711 |
Ìý |
196 |
​ |
Live Nation |
​ |
​ |
16,421 |
​ |
328 |
​ |
102 |
​ |
Corporate and other |
​ |
​ |
1,383 |
​ |
112 |
​ |
— |
​ |
​ |
​ |
​ |
47,573 |
​ |
1,151 |
​ |
298 |
​ |
Eliminate equity method affiliate |
​ |
​ |
(16,421) |
​ |
(328) |
​ |
(102) |
​ |
Total Â鶹×îгöÆ· SiriusXM Group |
​ |
​ |
31,152 |
​ |
823 |
​ |
196 |
​ |
Braves Group |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Corporate and other |
​ |
​ |
1,609 |
​ |
115 |
​ |
8 |
​ |
Total Braves Group |
​ |
​ |
1,609 |
​ |
115 |
​ |
8 |
​ |
Formula One Group |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Formula 1 |
​ |
​ |
9,039 |
​ |
— |
​ |
8 |
​ |
Corporate and other |
​ |
Ìý |
2,531 |
Ìý |
28 |
Ìý |
243 |
​ |
Total Formula One Group |
​ |
​ |
11,570 |
​ |
28 |
​ |
251 |
​ |
Elimination (1) |
​ |
​ |
(571) |
​ |
— |
​ |
— |
​ |
Consolidated Â鶹×îгöÆ· |
​ |
$ |
43,760 |
Ìý |
966 |
Ìý |
455 |
​ |
|
(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 |
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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 |
2022 |
ÌýÌýÌýÌý |
2021 |
ÌýÌýÌýÌý |
2022 |
ÌýÌýÌýÌý |
2021 |
Ìý |
|
​ |
​ |
amountsÌýinÌýmillions |
​ |
Adjusted OIBDA |
​ |
$ |
876 |
Ìý |
813 |
Ìý |
1,654 |
Ìý |
1,527 |
​ |
Impairment, restructuring and acquisition costs, net of recoveries (note 10) |
​ |
​ |
(1) |
​ |
137 |
​ |
(1) |
​ |
(108) |
​ |
Stock-based compensation |
​ |
Ìý |
(57) |
Ìý |
(60) |
Ìý |
(112) |
Ìý |
(123) |
​ |
Depreciation and amortization |
​ |
Ìý |
(262) |
Ìý |
(268) |
Ìý |
(522) |
Ìý |
(532) |
​ |
Operating income (loss) |
​ |
​ |
556 |
​ |
622 |
​ |
1,019 |
​ |
764 |
​ |
Interest expense |
​ |
Ìý |
(161) |
Ìý |
(158) |
Ìý |
(318) |
Ìý |
(316) |
​ |
Share of earnings (losses) of affiliates, net |
​ |
Ìý |
61 |
Ìý |
(48) |
Ìý |
47 |
Ìý |
(143) |
​ |
Realized and unrealized gains (losses) on financial instruments, net |
​ |
Ìý |
380 |
Ìý |
155 |
Ìý |
439 |
Ìý |
106 |
​ |
Other, net |
​ |
Ìý |
22 |
Ìý |
13 |
Ìý |
67 |
Ìý |
28 |
​ |
Earnings (loss) before income taxes |
​ |
$ |
858 |
Ìý |
584 |
Ìý |
1,254 |
Ìý |
439 |
​ |
|