Â鶹×îгöÆ·

Annual report pursuant to Section 13 and 15(d)

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

v3.24.0.1
Information About Â鶹×îгöÆ·'s Operating Segments (Tables)
12 Months Ended
Dec. 31, 2023
Information About Â鶹×îгöÆ·'s Operating Segments Ìý
Performance Measures

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YearsÌýendedÌýDecemberÌý31,

Ìý

​

​

2023

​

2022

​

2021

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

​

​

​

​

​

​

​

​

​

​

​

​

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Sirius XM Holdings

​

$

8,953

Ìý

2,774

Ìý

9,003

Ìý

2,833

Ìý

8,696

Ìý

2,770

​

Live Nation

​

​

11,475

​

1,188

​

16,681

​

1,407

​

6,268

​

324

​

Corporate and other

​

​

—

​

(42)

​

—

​

(26)

​

—

​

(15)

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Eliminate equity method affiliate

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​

(11,475)

​

(1,188)

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(16,681)

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(1,407)

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(6,268)

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(324)

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Total Â鶹×îгöÆ· SiriusXM Group

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8,953

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2,732

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9,003

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2,807

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8,696

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2,755

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Formula One Group

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​

​

​

​

​

​

​

​

​

​

​

​

​

Formula 1

​

​

3,222

​

725

​

2,573

​

593

​

2,136

​

495

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Corporate and other

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​

15

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(39)

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—

​

(42)

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—

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(29)

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Intergroup elimination

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(15)

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—

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—

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—

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—

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—

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Total Formula One Group

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​

3,222

​

686

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2,573

​

551

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2,136

​

466

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Â鶹×îгöÆ· Live Group

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​

​

​

​

​

​

​

​

​

​

​

​

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Live Nation

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11,274

​

674

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NA

​

NA

​

NA

​

NA

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Corporate and other

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—

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(9)

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NA

​

NA

​

NA

​

NA

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Eliminate equity method affiliate

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​

(11,274)

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(674)

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NA

​

NA

​

NA

​

NA

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Total Â鶹×îгöÆ· Live Group

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—

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(9)

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NA

​

NA

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NA

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NA

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Braves Group

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​

​

​

​

​

​

​

​

​

​

​

​

​

Corporate and other

​

Ìý

350

Ìý

14

Ìý

588

Ìý

61

Ìý

568

Ìý

104

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Total Braves Group

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​

350

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14

​

588

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61

​

568

​

104

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Total

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$

12,525

Ìý

3,423

Ìý

12,164

Ìý

3,419

Ìý

11,400

Ìý

3,325

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Other Information By Segment

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DecemberÌý31,Ìý2023

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DecemberÌý31,Ìý2022

Ìý

​

ÌýÌýÌýÌý

Total

ÌýÌýÌýÌý

Investments

ÌýÌýÌýÌý

Capital

ÌýÌýÌýÌý

Total

ÌýÌýÌýÌý

Investments

ÌýÌýÌýÌý

Capital

Ìý

​

​

assets

​

inÌýaffiliates

​

expenditures

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assets

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inÌýaffiliates

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expenditures

Ìý

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amountsÌýinÌýmillions

Ìý

Â鶹×îгöÆ· SiriusXM Group

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​

​

​

​

​

​

​

​

​

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Sirius XM Holdings

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$

29,801

Ìý

707

Ìý

650

Ìý

29,501

Ìý

665

Ìý

426

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Live Nation

​

​

NA

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NA

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NA

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16,461

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409

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377

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Corporate and other

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​

100

​

8

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—

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978

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158

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—

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Eliminate equity method affiliate

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NA

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NA

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NA

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(16,461)

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(409)

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(377)

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Total Â鶹×îгöÆ· SiriusXM Group

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29,901

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715

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650

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30,479

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823

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426

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Formula One Group

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​

​

​

​

​

​

​

​

​

​

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Formula 1

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​

9,057

Ìý

2

Ìý

112

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8,980

Ìý

—

Ìý

38

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Corporate and other

​

Ìý

1,236

Ìý

39

Ìý

314

Ìý

2,036

Ìý

34

Ìý

253

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Intergroup elimination

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(26)

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—

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—

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—

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—

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—

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Total Formula One Group

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10,267

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41

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426

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11,016

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34

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291

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Â鶹×îгöÆ· Live Group

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​

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​

​

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​

​

​

​

​

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Live Nation

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​

19,074

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447

​

469

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NA

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NA

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NA

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Corporate and other

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​

1,162

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333

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—

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NA

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NA

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NA

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Eliminate equity method affiliate

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(19,074)

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(447)

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(469)

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NA

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NA

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NA

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Total Â鶹×îгöÆ· Live Group

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1,162

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333

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—

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NA

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NA

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NA

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Braves Group

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​

​

​

​

​

​

​

​

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Corporate and other

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NA

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NA

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35

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1,477

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95

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18

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Total Braves Group

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NA

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NA

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35

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1,477

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95

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18

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Elimination (1)

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(162)

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—

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—

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(508)

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—

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—

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Consolidated Â鶹×îгöÆ·

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$

41,168

Ìý

1,089

Ìý

1,111

Ìý

42,464

Ìý

952

Ìý

735

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(1) As of December 31, 2022, this amount included the intergroup interests in the Braves Group previously held by the Formula One Group and the Â鶹×îгöÆ· SiriusXM Group and the intergroup interest in the Formula One Group previously 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 were presented as assets of the Formula One Group and Â鶹×îгöÆ· SiriusXM Group, respectively, and were 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 was presented as an asset of the Â鶹×îгöÆ· SiriusXM Group and was presented as a liability of the Formula One Group in the attributed financial statements. The offsetting amounts between tracking stock groups were eliminated in consolidation.
Reconciliation of Adjusted OIBDA to operating income (loss) and earnings (loss)

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YearsÌýendedÌýDecemberÌý31,

Ìý

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ÌýÌýÌýÌý

2023

ÌýÌýÌýÌý

2022

ÌýÌýÌýÌý

2021

Ìý

​

​

amounts in millions

Ìý

Adjusted OIBDA

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$

3,423

Ìý

3,419

Ìý

3,325

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Stock-based compensation

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Ìý

(232)

Ìý

(237)

Ìý

(256)

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Depreciation and amortization

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Ìý

(1,030)

Ìý

(1,044)

Ìý

(1,072)

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Impairment, restructuring and acquisition costs, net of recoveries (notes 5 and 8)

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(67)

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(74)

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(20)

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Litigation settlements, net of recoveries (note 17)

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​

(31)

​

—

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—

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Operating income (loss)

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​

2,063

​

2,064

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1,977

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Interest expense

​

Ìý

(782)

Ìý

(689)

Ìý

(642)

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Share of earnings (losses) of affiliates, net

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Ìý

138

Ìý

99

Ìý

(200)

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Realized and unrealized gains (losses) on financial instruments, net

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Ìý

(323)

Ìý

599

Ìý

(451)

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Gains (losses) on dilution of investment in affiliate

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​

(4)

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10

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152

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Other, net

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Ìý

93

Ìý

110

Ìý

(47)

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Earnings (loss) before income taxes

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$

1,185

Ìý

2,193

Ìý

789

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Revenue by Geographic Area

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YearsÌýendedÌýDecemberÌý31,

Ìý

​

ÌýÌýÌýÌý

2023

ÌýÌýÌýÌý

2022

ÌýÌýÌýÌý

2021

Ìý

​

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amountsÌýinÌýmillions

Ìý

United States

​

$

9,199

Ìý

9,480

Ìý

9,163

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United Kingdom

​

Ìý

3,222

Ìý

2,573

Ìý

2,136

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Other

​

​

104

​

111

​

101

​

​

​

$

12,525

Ìý

12,164

Ìý

11,400

​

Long-lived Assets by Geographic Area

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​

​

​

​

​

​

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DecemberÌý31,

Ìý

​

ÌýÌýÌýÌý

2023

ÌýÌýÌýÌý

2022

Ìý

​

​

amountsÌýinÌýmillions

Ìý

United States

​

$

2,001

Ìý

2,208

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United Kingdom

​

Ìý

82

Ìý

47

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​

​

$

2,083

Ìý

2,255

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