Information About Â鶹×îгöÆ·'s Operating Segments (Tables)
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6 Months Ended |
Jun. 30, 2023 |
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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, |
​ |
June 30, |
​ |
​ |
ÌýÌýÌýÌý |
2023 |
ÌýÌýÌýÌý |
2022 |
ÌýÌýÌýÌý |
2023 |
ÌýÌýÌýÌý |
2022 |
Ìý |
|
​ |
​ |
amountsÌýinÌýmillions |
​ |
Â鶹×îгöÆ· SiriusXM Group |
​ |
​ |
​ |
Ìý |
​ |
Ìý |
​ |
Ìý |
​ |
​ |
Sirius XM Holdings: |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Subscriber |
​ |
$ |
1,726 |
​ |
1,719 |
​ |
3,417 |
Ìý |
3,432 |
​ |
Advertising |
​ |
Ìý |
444 |
​ |
452 |
​ |
819 |
Ìý |
835 |
​ |
Equipment |
​ |
​ |
47 |
​ |
45 |
​ |
93 |
​ |
98 |
​ |
Other |
​ |
​ |
33 |
​ |
38 |
​ |
65 |
​ |
75 |
​ |
Total Â鶹×îгöÆ· SiriusXM Group |
​ |
​ |
2,250 |
​ |
2,254 |
​ |
4,394 |
​ |
4,440 |
​ |
Braves Group |
​ |
Ìý |
​ |
Ìý |
​ |
Ìý |
​ |
Ìý |
​ |
​ |
Corporate and other: |
​ |
Ìý |
​ |
Ìý |
​ |
Ìý |
​ |
Ìý |
​ |
​ |
Baseball |
​ |
Ìý |
254 |
Ìý |
247 |
Ìý |
272 |
Ìý |
258 |
​ |
Mixed-Use Development |
​ |
Ìý |
16 |
Ìý |
13 |
Ìý |
29 |
Ìý |
25 |
​ |
Total Braves Group |
​ |
​ |
270 |
​ |
260 |
​ |
301 |
​ |
283 |
​ |
Formula One Group |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Formula 1: |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Primary |
​ |
​ |
618 |
​ |
628 |
​ |
932 |
​ |
915 |
​ |
Other |
​ |
​ |
106 |
​ |
116 |
​ |
173 |
​ |
189 |
​ |
Total Formula One Group |
​ |
​ |
724 |
​ |
744 |
​ |
1,105 |
​ |
1,104 |
​ |
Consolidated Â鶹×îгöÆ· |
​ |
$ |
3,244 |
​ |
3,258 |
Ìý |
5,800 |
Ìý |
5,827 |
​ |
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| Adjusted OIBDA by Segment |
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|
​ |
​ |
Three months ended |
​ |
Six months ended |
​ |
​ |
​ |
June 30, |
​ |
June 30, |
​ |
​ |
ÌýÌýÌýÌý |
2023 |
ÌýÌýÌýÌý |
2022 |
ÌýÌýÌýÌý |
2023 |
ÌýÌýÌýÌý |
2022 |
Ìý |
|
​ |
​ |
amountsÌýinÌýmillions |
​ |
Â鶹×îгöÆ· SiriusXM Group |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Sirius XM Holdings |
​ |
$ |
702 |
Ìý |
679 |
Ìý |
1,327 |
Ìý |
1,369 |
​ |
Corporate and other |
​ |
Ìý |
(8) |
Ìý |
(4) |
Ìý |
(19) |
Ìý |
(9) |
​ |
Total Â鶹×îгöÆ· SiriusXM Group |
​ |
Ìý |
694 |
Ìý |
675 |
Ìý |
1,308 |
Ìý |
1,360 |
​ |
Braves Group |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Corporate and other |
​ |
Ìý |
42 |
Ìý |
55 |
Ìý |
11 |
Ìý |
36 |
​ |
Total Braves Group |
​ |
Ìý |
42 |
Ìý |
55 |
Ìý |
11 |
Ìý |
36 |
​ |
Formula One Group |
​ |
Ìý |
​ |
​ |
​ |
​ |
​ |
Ìý |
​ |
​ |
Formula 1 |
​ |
Ìý |
155 |
Ìý |
154 |
Ìý |
272 |
Ìý |
276 |
​ |
Corporate and other |
​ |
​ |
(14) |
​ |
(8) |
​ |
(26) |
​ |
(18) |
​ |
Total Formula One Group |
​ |
​ |
141 |
​ |
146 |
​ |
246 |
​ |
258 |
​ |
Consolidated Â鶹×îгöÆ· |
​ |
$ |
877 |
Ìý |
876 |
Ìý |
1,565 |
Ìý |
1,654 |
​ |
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| Other Information By Segment |
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June 30, 2023 |
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​ |
ÌýÌýÌýÌý |
Total |
ÌýÌýÌýÌý |
Investments |
ÌýÌýÌýÌý |
Capital |
Ìý |
​ |
​ |
assets |
​ |
inÌýaffiliates |
​ |
expenditures |
​ |
|
​ |
​ |
amountsÌýinÌýmillions |
​ |
Â鶹×îгöÆ· SiriusXM Group |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Sirius XM Holdings |
​ |
$ |
29,533 |
Ìý |
708 |
Ìý |
334 |
​ |
Corporate and other |
​ |
​ |
692 |
​ |
252 |
​ |
— |
​ |
Total Â鶹×îгöÆ· SiriusXM Group |
​ |
​ |
30,225 |
​ |
960 |
​ |
334 |
​ |
Braves Group |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Corporate and other |
​ |
​ |
1,500 |
​ |
99 |
​ |
30 |
​ |
Total Braves Group |
​ |
​ |
1,500 |
​ |
99 |
​ |
30 |
​ |
Formula One Group |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Formula 1 |
​ |
​ |
9,291 |
​ |
3 |
​ |
40 |
​ |
Corporate and other |
​ |
Ìý |
1,842 |
Ìý |
64 |
Ìý |
140 |
​ |
Total Formula One Group |
​ |
​ |
11,133 |
​ |
67 |
​ |
180 |
​ |
Elimination (1) |
​ |
​ |
(416) |
​ |
— |
​ |
— |
​ |
Consolidated Â鶹×îгöÆ· |
​ |
$ |
42,442 |
Ìý |
1,126 |
Ìý |
544 |
​ |
|
(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) |
​
|
|
|
|
|
|
|
|
|
|
|
​ |
​ |
Three months ended |
​ |
Six months ended |
​ |
​ |
​ |
June 30, |
​ |
June 30, |
​ |
​ |
ÌýÌýÌýÌý |
2023 |
ÌýÌýÌýÌý |
2022 |
ÌýÌýÌýÌý |
2023 |
ÌýÌýÌýÌý |
2022 |
Ìý |
|
​ |
​ |
amountsÌýinÌýmillions |
​ |
Adjusted OIBDA |
​ |
$ |
877 |
Ìý |
876 |
Ìý |
1,565 |
Ìý |
1,654 |
​ |
Impairment, restructuring and acquisition costs, net of recoveries (note 8) |
​ |
​ |
(19) |
​ |
(1) |
​ |
(51) |
​ |
(1) |
​ |
Legal settlements and reserves |
​ |
​ |
(24) |
​ |
— |
​ |
(24) |
​ |
— |
​ |
Stock-based compensation |
​ |
Ìý |
(54) |
Ìý |
(57) |
Ìý |
(110) |
Ìý |
(112) |
​ |
Depreciation and amortization |
​ |
Ìý |
(257) |
Ìý |
(262) |
Ìý |
(517) |
Ìý |
(522) |
​ |
Operating income (loss) |
​ |
​ |
523 |
​ |
556 |
​ |
863 |
​ |
1,019 |
​ |
Interest expense |
​ |
Ìý |
(200) |
Ìý |
(161) |
Ìý |
(396) |
Ìý |
(318) |
​ |
Share of earnings (losses) of affiliates, net |
​ |
Ìý |
90 |
Ìý |
61 |
Ìý |
80 |
Ìý |
47 |
​ |
Realized and unrealized gains (losses) on financial instruments, net |
​ |
Ìý |
(96) |
Ìý |
380 |
Ìý |
(142) |
Ìý |
439 |
​ |
Other, net |
​ |
Ìý |
50 |
Ìý |
22 |
Ìý |
64 |
Ìý |
67 |
​ |
Earnings (loss) before income taxes |
​ |
$ |
367 |
Ìý |
858 |
Ìý |
469 |
Ìý |
1,254 |
​ |
|