Information About Â鶹×îгöÆ·'s Operating Segments (Tables)
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9 Months Ended |
Sep. 30, 2023 |
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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Nine months ended |
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September 30, |
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September 30, |
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​ |
ÌýÌýÌýÌý |
2023 |
ÌýÌýÌýÌý |
2022 |
ÌýÌýÌýÌý |
2023 |
ÌýÌýÌýÌý |
2022 |
Ìý |
|
​ |
​ |
amountsÌýinÌýmillions |
​ |
Â鶹×îгöÆ· SiriusXM Group |
​ |
​ |
​ |
Ìý |
​ |
Ìý |
​ |
Ìý |
​ |
​ |
Sirius XM Holdings: |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Subscriber |
​ |
$ |
1,729 |
​ |
1,734 |
​ |
5,146 |
Ìý |
5,166 |
​ |
Advertising |
​ |
Ìý |
459 |
​ |
457 |
​ |
1,278 |
Ìý |
1,292 |
​ |
Equipment |
​ |
​ |
49 |
​ |
50 |
​ |
142 |
​ |
148 |
​ |
Other |
​ |
​ |
34 |
​ |
39 |
​ |
99 |
​ |
114 |
​ |
Total Â鶹×îгöÆ· SiriusXM Group |
​ |
​ |
2,271 |
​ |
2,280 |
​ |
6,665 |
​ |
6,720 |
​ |
Formula One Group |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Formula 1: |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Primary |
​ |
​ |
790 |
​ |
624 |
​ |
1,722 |
​ |
1,539 |
​ |
Other |
​ |
​ |
97 |
​ |
91 |
​ |
270 |
​ |
280 |
​ |
Total Formula One Group |
​ |
​ |
887 |
​ |
715 |
​ |
1,992 |
​ |
1,819 |
​ |
Braves Group |
​ |
Ìý |
​ |
Ìý |
​ |
Ìý |
​ |
Ìý |
​ |
​ |
Corporate and other: |
​ |
Ìý |
​ |
Ìý |
​ |
Ìý |
​ |
Ìý |
​ |
​ |
Baseball |
​ |
Ìý |
46 |
Ìý |
238 |
Ìý |
318 |
Ìý |
496 |
​ |
Mixed-Use Development |
​ |
Ìý |
3 |
Ìý |
14 |
Ìý |
32 |
Ìý |
39 |
​ |
Total Braves Group |
​ |
​ |
49 |
​ |
252 |
​ |
350 |
​ |
535 |
​ |
Consolidated Â鶹×îгöÆ· |
​ |
$ |
3,207 |
​ |
3,247 |
Ìý |
9,007 |
Ìý |
9,074 |
​ |
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Adjusted OIBDA by Segment |
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Three months ended |
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Nine months ended |
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​ |
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September 30, |
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September 30, |
​ |
​ |
ÌýÌýÌýÌý |
2023 |
ÌýÌýÌýÌý |
2022 |
ÌýÌýÌýÌý |
2023 |
ÌýÌýÌýÌý |
2022 |
Ìý |
|
​ |
​ |
amountsÌýinÌýmillions |
​ |
Â鶹×îгöÆ· SiriusXM Group |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Sirius XM Holdings |
​ |
$ |
748 |
Ìý |
722 |
Ìý |
2,075 |
Ìý |
2,091 |
​ |
Corporate and other |
​ |
Ìý |
(12) |
Ìý |
(9) |
Ìý |
(31) |
Ìý |
(18) |
​ |
Total Â鶹×îгöÆ· SiriusXM Group |
​ |
Ìý |
736 |
Ìý |
713 |
Ìý |
2,044 |
Ìý |
2,073 |
​ |
Formula One Group |
​ |
Ìý |
​ |
​ |
​ |
​ |
​ |
Ìý |
​ |
​ |
Formula 1 |
​ |
Ìý |
215 |
Ìý |
170 |
Ìý |
487 |
Ìý |
446 |
​ |
Corporate and other |
​ |
​ |
(18) |
Ìý |
(12) |
​ |
(44) |
​ |
(30) |
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Total Formula One Group |
​ |
​ |
197 |
Ìý |
158 |
​ |
443 |
​ |
416 |
​ |
Â鶹×îгöÆ· Live Group |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Corporate and other |
​ |
Ìý |
(4) |
Ìý |
NA |
Ìý |
(4) |
Ìý |
NA |
​ |
Total Â鶹×îгöÆ· Live Group |
​ |
Ìý |
(4) |
Ìý |
NA |
Ìý |
(4) |
Ìý |
NA |
​ |
Braves Group |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Corporate and other |
​ |
Ìý |
3 |
Ìý |
38 |
Ìý |
14 |
Ìý |
74 |
​ |
Total Braves Group |
​ |
Ìý |
3 |
Ìý |
38 |
Ìý |
14 |
Ìý |
74 |
​ |
Consolidated Â鶹×îгöÆ· |
​ |
$ |
932 |
Ìý |
909 |
Ìý |
2,497 |
Ìý |
2,563 |
​ |
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Other Information By Segment |
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September 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 |
​ |
$ |
29,579 |
Ìý |
697 |
Ìý |
520 |
​ |
Corporate and other |
​ |
​ |
358 |
​ |
8 |
​ |
— |
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Total Â鶹×îгöÆ· SiriusXM Group |
​ |
​ |
29,937 |
​ |
705 |
​ |
520 |
​ |
Formula One Group |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Formula 1 |
​ |
​ |
9,201 |
​ |
3 |
​ |
69 |
​ |
Corporate and other |
​ |
Ìý |
1,353 |
Ìý |
40 |
Ìý |
239 |
​ |
Total Formula One Group |
​ |
​ |
10,554 |
​ |
43 |
​ |
308 |
​ |
Â鶹×îгöÆ· Live Group |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Corporate and other |
​ |
​ |
1,191 |
​ |
397 |
​ |
— |
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Total Braves Group |
​ |
​ |
1,191 |
​ |
397 |
​ |
— |
​ |
Braves Group |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Corporate and other |
​ |
​ |
NA |
​ |
NA |
​ |
35 |
​ |
Total Braves Group |
​ |
​ |
NA |
​ |
NA |
​ |
35 |
​ |
Elimination |
​ |
​ |
(167) |
​ |
— |
​ |
— |
​ |
Consolidated Â鶹×îгöÆ· |
​ |
$ |
41,515 |
Ìý |
1,145 |
Ìý |
863 |
​ |
​
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Reconciliation of Adjusted OIBDA to operating income (loss) and earnings (loss) |
​
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|
|
​ |
​ |
Three months ended |
​ |
Nine months ended |
​ |
​ |
​ |
September 30, |
​ |
September 30, |
​ |
​ |
ÌýÌýÌýÌý |
2023 |
ÌýÌýÌýÌý |
2022 |
ÌýÌýÌýÌý |
2023 |
ÌýÌýÌýÌý |
2022 |
Ìý |
|
​ |
​ |
amountsÌýinÌýmillions |
​ |
Adjusted OIBDA |
​ |
$ |
932 |
Ìý |
909 |
Ìý |
2,497 |
Ìý |
2,563 |
​ |
Impairment, restructuring and acquisition costs, net of recoveries (note 8) |
​ |
​ |
(6) |
​ |
(74) |
​ |
(57) |
​ |
(75) |
​ |
Legal settlements and reserves |
​ |
​ |
— |
​ |
— |
​ |
(24) |
​ |
— |
​ |
Stock-based compensation |
​ |
Ìý |
(63) |
Ìý |
(61) |
Ìý |
(173) |
Ìý |
(173) |
​ |
Depreciation and amortization |
​ |
Ìý |
(234) |
Ìý |
(268) |
Ìý |
(751) |
Ìý |
(790) |
​ |
Operating income (loss) |
​ |
​ |
629 |
​ |
506 |
​ |
1,492 |
​ |
1,525 |
​ |
Interest expense |
​ |
Ìý |
(196) |
Ìý |
(179) |
Ìý |
(592) |
Ìý |
(497) |
​ |
Share of earnings (losses) of affiliates, net |
​ |
Ìý |
138 |
Ìý |
111 |
Ìý |
218 |
Ìý |
158 |
​ |
Realized and unrealized gains (losses) on financial instruments, net |
​ |
Ìý |
11 |
Ìý |
106 |
Ìý |
(131) |
Ìý |
545 |
​ |
Other, net |
​ |
Ìý |
(14) |
Ìý |
20 |
Ìý |
50 |
Ìý |
87 |
​ |
Earnings (loss) before income taxes |
​ |
$ |
568 |
Ìý |
564 |
Ìý |
1,037 |
Ìý |
1,818 |
​ |
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