Â鶹×îгöÆ·

Annual report pursuant to Section 13 and 15(d)

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

v3.22.4
Information About Â鶹×îгöÆ·'s Operating Segments (Tables)
12 Months Ended
Dec. 31, 2022
Information About Â鶹×îгöÆ·'s Operating Segments Ìý
Performance Measures

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

YearsÌýendedÌýDecemberÌý31,

Ìý

​

​

2022

​

2021

​

2020

Ìý

​

ÌýÌýÌýÌý

​

​

ÌýÌýÌýÌý

Adjusted

ÌýÌýÌýÌý

​

ÌýÌýÌýÌý

Adjusted

ÌýÌýÌýÌý

​

ÌýÌýÌýÌý

Adjusted

Ìý

​

​

Revenue

​

OIBDA

​

Revenue

​

OIBDA

​

Revenue

​

OIBDA

Ìý

​

​

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

​

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

​

(53)

​

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

​

​

Other Information By Segment

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

DecemberÌý31,Ìý2022

​

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

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Corporate and other

​

​

1,477

​

95

​

18

​

1,636

​

110

​

35

​

Total Braves Group

​

​

1,477

​

95

​

18

​

1,636

​

110

​

35

​

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)

​

​

(508)

​

—

​

—

​

(623)

​

—

​

—

​

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
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.

Reconciliation of Adjusted OIBDA to operating income (loss) and earnings (loss)

​

​

​

​

​

​

​

​

​

​

​

​

YearsÌýendedÌýDecemberÌý31,

Ìý

​

ÌýÌýÌýÌý

2022

ÌýÌýÌýÌý

2021

ÌýÌýÌýÌý

2020

Ìý

​

​

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)

​

​

Revenue by Geographic Area

​

​

​

​

​

​

​

​

​

​

​

​

YearsÌýendedÌýDecemberÌý31,

Ìý

​

ÌýÌýÌýÌý

2022

ÌýÌýÌýÌý

2021

ÌýÌýÌýÌý

2020

Ìý

​

​

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

​

Long-lived Assets by Geographic Area

​

​

​

​

​

​

​

​

​

​

DecemberÌý31,

Ìý

​

ÌýÌýÌýÌý

2022

ÌýÌýÌýÌý

2021

Ìý

​

​

amountsÌýinÌýmillions

Ìý

United States

​

$

2,208

Ìý

1,984

​

United Kingdom

​

Ìý

47

Ìý

26

​

​

​

$

2,255

Ìý

2,010

​