Information About Â鶹×îгöÆ·'s Operating Segments (Tables)
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12 Months Ended |
Dec. 31, 2022 |
Information About Â鶹×îгöÆ·'s Operating Segments |
Ìý
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Performance Measures |
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YearsÌýendedÌýDecemberÌý31, |
Ìý |
​ |
​ |
2022 |
​ |
2021 |
​ |
2020 |
Ìý |
​ |
ÌýÌýÌýÌý |
​ |
​ |
ÌýÌýÌýÌý |
Adjusted |
ÌýÌýÌýÌý |
​ |
ÌýÌýÌýÌý |
Adjusted |
ÌýÌýÌýÌý |
​ |
ÌýÌýÌýÌý |
Adjusted |
Ìý |
​ |
​ |
Revenue |
​ |
OIBDA |
​ |
Revenue |
​ |
OIBDA |
​ |
Revenue |
​ |
OIBDA |
Ìý |
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​ |
​ |
amountsÌýinÌýmillions |
Ìý |
Â鶹×îгöÆ· SiriusXM Group |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Sirius XM Holdings |
​ |
$ |
9,003 |
Ìý |
2,833 |
Ìý |
8,696 |
Ìý |
2,770 |
Ìý |
8,040 |
Ìý |
2,575 |
​ |
Corporate and other |
​ |
​ |
— |
​ |
(26) |
​ |
— |
​ |
(15) |
​ |
— |
​ |
(31) |
​ |
Total Â鶹×îгöÆ· SiriusXM Group |
​ |
​ |
9,003 |
​ |
2,807 |
​ |
8,696 |
​ |
2,755 |
​ |
8,040 |
​ |
2,544 |
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Braves Group |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Corporate and other |
​ |
Ìý |
588 |
Ìý |
61 |
Ìý |
568 |
Ìý |
104 |
Ìý |
178 |
Ìý |
(53) |
​ |
Total Braves Group |
​ |
​ |
588 |
​ |
61 |
​ |
568 |
​ |
104 |
​ |
178 |
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(53) |
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Formula One Group |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Formula 1 |
​ |
​ |
2,573 |
​ |
593 |
​ |
2,136 |
​ |
495 |
​ |
1,145 |
​ |
56 |
​ |
Corporate and other |
​ |
​ |
— |
​ |
(42) |
​ |
— |
​ |
(29) |
​ |
— |
​ |
(38) |
​ |
Total Formula One Group |
​ |
​ |
2,573 |
​ |
551 |
​ |
2,136 |
​ |
466 |
​ |
1,145 |
​ |
18 |
​ |
Total |
​ |
$ |
12,164 |
Ìý |
3,419 |
Ìý |
11,400 |
Ìý |
3,325 |
Ìý |
9,363 |
Ìý |
2,509 |
​ |
​
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Other Information By Segment |
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DecemberÌý31,Ìý2022 |
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DecemberÌý31,Ìý2021 |
Ìý |
​ |
ÌýÌýÌýÌý |
Total |
ÌýÌýÌýÌý |
Investments |
ÌýÌýÌýÌý |
Capital |
ÌýÌýÌýÌý |
Total |
ÌýÌýÌýÌý |
Investments |
ÌýÌýÌýÌý |
Capital |
Ìý |
​ |
​ |
assets |
​ |
inÌýaffiliates |
​ |
expenditures |
​ |
assets |
​ |
inÌýaffiliates |
​ |
expenditures |
Ìý |
|
​ |
​ |
amountsÌýinÌýmillions |
Ìý |
Â鶹×îгöÆ· SiriusXM Group |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Sirius XM Holdings |
​ |
$ |
29,501 |
Ìý |
665 |
Ìý |
426 |
Ìý |
29,812 |
Ìý |
716 |
Ìý |
388 |
​ |
Corporate and other |
​ |
​ |
978 |
​ |
158 |
​ |
— |
​ |
1,862 |
​ |
89 |
​ |
— |
​ |
Total Â鶹×îгöÆ· SiriusXM Group |
​ |
​ |
30,479 |
​ |
823 |
​ |
426 |
​ |
31,674 |
​ |
805 |
​ |
388 |
​ |
Braves Group |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
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Corporate and other |
​ |
​ |
1,477 |
​ |
95 |
​ |
18 |
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1,636 |
​ |
110 |
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35 |
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Total Braves Group |
​ |
​ |
1,477 |
​ |
95 |
​ |
18 |
​ |
1,636 |
​ |
110 |
​ |
35 |
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Formula One Group |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Formula 1 |
​ |
​ |
8,980 |
Ìý |
— |
Ìý |
38 |
​ |
8,819 |
Ìý |
— |
Ìý |
17 |
​ |
Corporate and other |
​ |
Ìý |
2,036 |
Ìý |
34 |
Ìý |
253 |
Ìý |
2,845 |
Ìý |
30 |
Ìý |
— |
​ |
Total Formula One Group |
​ |
​ |
11,016 |
​ |
34 |
​ |
291 |
​ |
11,664 |
​ |
30 |
​ |
17 |
​ |
Elimination (1) |
​ |
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(508) |
​ |
— |
​ |
— |
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(623) |
​ |
— |
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— |
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Consolidated Â鶹×îгöÆ· |
​ |
$ |
42,464 |
Ìý |
952 |
Ìý |
735 |
Ìý |
44,351 |
Ìý |
945 |
Ìý |
440 |
​ |
(1) |
As of December 31, 2022 and 2021, this amount includes 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 |
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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. |
As of December 31, 2020, this amount was also 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. During the year ended December 31, 2021, the Â鶹×îгöÆ· SiriusXM Group paid approximately $384 million to the Formula One Group to settle its obligation under the call spread.
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Reconciliation of Adjusted OIBDA to operating income (loss) and earnings (loss) |
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YearsÌýendedÌýDecemberÌý31, |
Ìý |
​ |
ÌýÌýÌýÌý |
2022 |
ÌýÌýÌýÌý |
2021 |
ÌýÌýÌýÌý |
2020 |
Ìý |
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​ |
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amounts in millions |
Ìý |
Adjusted OIBDA |
​ |
$ |
3,419 |
Ìý |
3,325 |
Ìý |
2,509 |
​ |
Litigation settlements and reserves |
​ |
​ |
— |
​ |
— |
​ |
16 |
​ |
Stock-based compensation |
​ |
Ìý |
(237) |
Ìý |
(256) |
Ìý |
(261) |
​ |
Impairment, restructuring and acquisition costs, net of recoveries (notes 5 and 8) |
​ |
​ |
(74) |
​ |
(20) |
​ |
(1,004) |
​ |
Depreciation and amortization |
​ |
Ìý |
(1,044) |
Ìý |
(1,072) |
Ìý |
(1,083) |
​ |
Operating income (loss) |
​ |
​ |
2,064 |
​ |
1,977 |
​ |
177 |
​ |
Interest expense |
​ |
Ìý |
(689) |
Ìý |
(642) |
Ìý |
(634) |
​ |
Share of earnings (losses) of affiliates, net |
​ |
Ìý |
99 |
Ìý |
(200) |
Ìý |
(586) |
​ |
Realized and unrealized gains (losses) on financial instruments, net |
​ |
Ìý |
599 |
Ìý |
(451) |
Ìý |
(402) |
​ |
Gains (losses) on dilution of investment in affiliate |
​ |
​ |
10 |
​ |
152 |
​ |
4 |
​ |
Other, net |
​ |
Ìý |
110 |
Ìý |
(47) |
Ìý |
6 |
​ |
Earnings (loss) from continuing operations before income taxes |
​ |
$ |
2,193 |
Ìý |
789 |
Ìý |
(1,435) |
​ |
​
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Revenue by Geographic Area |
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YearsÌýendedÌýDecemberÌý31, |
Ìý |
​ |
ÌýÌýÌýÌý |
2022 |
ÌýÌýÌýÌý |
2021 |
ÌýÌýÌýÌý |
2020 |
Ìý |
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​ |
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amountsÌýinÌýmillions |
Ìý |
United States |
​ |
$ |
9,480 |
Ìý |
9,163 |
Ìý |
8,121 |
​ |
United Kingdom |
​ |
Ìý |
2,573 |
Ìý |
2,136 |
Ìý |
1,145 |
​ |
Other |
​ |
​ |
111 |
​ |
101 |
​ |
97 |
​ |
​ |
​ |
$ |
12,164 |
Ìý |
11,400 |
Ìý |
9,363 |
​ |
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Long-lived Assets by Geographic Area |
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​ |
​ |
DecemberÌý31, |
Ìý |
​ |
ÌýÌýÌýÌý |
2022 |
ÌýÌýÌýÌý |
2021 |
Ìý |
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​ |
​ |
amountsÌýinÌýmillions |
Ìý |
United States |
​ |
$ |
2,208 |
Ìý |
1,984 |
​ |
United Kingdom |
​ |
Ìý |
47 |
Ìý |
26 |
​ |
​ |
​ |
$ |
2,255 |
Ìý |
2,010 |
​ |
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