Financial Information for Tracking Stock Groups (Tables)
|
9 Months Ended |
Sep. 30, 2020 |
|---|
| Condensed Balance Sheet |
BALANCE SHEET INFORMATION
September 30, 2020
(unaudited)
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Attributed (note 1) |
β |
β |
β |
β |
β |
β |
β |
ΒιΆΉapp |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
SiriusXM |
β |
Braves |
β |
Formula One |
β |
Inter-Group |
β |
Consolidated |
β |
β |
ΜύΜύΜύΜύ |
Group |
β |
Group |
β |
Group |
β |
Eliminations |
β |
ΒιΆΉapp |
ΜύΜύΜύΜύ |
|
β |
β |
²Ή³Ύ΄Η³ά²Τ³Ω²υΜύΎ±²ΤΜύ³ΎΎ±±τ±τΎ±΄Η²Τ²υ |
β |
Assets |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Current assets: |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Cash and cash equivalents |
β |
$ |
137 |
β |
213 |
β |
1,586 |
β |
β |
β |
1,936 |
Μύ |
Trade and other receivables, net |
β |
Μύ |
582 |
β |
41 |
β |
148 |
β |
β |
β |
771 |
Μύ |
Other current assets |
β |
Μύ |
214 |
β |
40 |
β |
588 |
β |
(276) |
β |
566 |
Μύ |
Total current assets |
β |
Μύ |
933 |
β |
294 |
β |
2,322 |
β |
(276) |
β |
3,273 |
Μύ |
Intergroup interests (note 1) |
β |
β |
225 |
β |
β |
β |
142 |
β |
(367) |
β |
β |
β |
Investments in affiliates, accounted for using the equity method (noteΜύ1) |
β |
Μύ |
986 |
β |
87 |
β |
33 |
β |
β |
β |
1,106 |
Μύ |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Property and equipment, at cost |
β |
Μύ |
2,724 |
β |
991 |
β |
191 |
β |
β |
β |
3,906 |
Μύ |
Accumulated depreciation |
β |
Μύ |
(1,435) |
β |
(168) |
β |
(67) |
β |
β |
β |
(1,670) |
Μύ |
β |
β |
Μύ |
1,289 |
β |
823 |
β |
124 |
β |
β |
β |
2,236 |
Μύ |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Intangible assets not subject to amortization |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Goodwill |
β |
Μύ |
15,820 |
β |
180 |
β |
3,956 |
β |
β |
β |
19,956 |
Μύ |
FCC licenses |
β |
Μύ |
8,600 |
β |
β |
β |
β |
β |
β |
β |
8,600 |
Μύ |
Other |
β |
Μύ |
1,262 |
β |
143 |
β |
β |
β |
β |
β |
1,405 |
Μύ |
β |
β |
Μύ |
25,682 |
β |
323 |
β |
3,956 |
β |
β |
β |
29,961 |
Μύ |
Intangible assets subject to amortization, net |
β |
Μύ |
1,474 |
β |
25 |
β |
3,990 |
β |
β |
β |
5,489 |
Μύ |
Other assets |
β |
Μύ |
1,021 |
β |
76 |
β |
664 |
β |
(37) |
β |
1,724 |
Μύ |
Total assets |
β |
$ |
31,610 |
β |
1,628 |
β |
11,231 |
β |
(680) |
β |
43,789 |
Μύ |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Liabilities and Equity |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Current liabilities: |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Intergroup payable (receivable) (note 3) |
β |
$ |
(28) |
β |
(25) |
β |
53 |
β |
β |
β |
β |
β |
Accounts payable and accrued liabilities |
β |
β |
1,156 |
Μύ |
63 |
β |
184 |
β |
β |
β |
1,403 |
β |
Current portion of debt |
β |
β |
1 |
β |
95 |
β |
β |
β |
β |
β |
96 |
β |
Deferred revenue |
β |
Μύ |
1,792 |
Μύ |
88 |
β |
362 |
β |
β |
β |
2,242 |
β |
Other current liabilities |
β |
Μύ |
350 |
Μύ |
4 |
β |
20 |
β |
(276) |
β |
98 |
β |
Total current liabilities |
β |
Μύ |
3,271 |
Μύ |
225 |
β |
619 |
β |
(276) |
β |
3,839 |
β |
Long-term debt (note 1) |
β |
Μύ |
11,084 |
Μύ |
615 |
β |
3,715 |
β |
β |
β |
15,414 |
β |
Deferred income tax liabilities |
β |
Μύ |
2,055 |
Μύ |
47 |
β |
β |
β |
(37) |
β |
2,065 |
β |
Redeemable intergroup interests (note 1) |
β |
β |
β |
β |
191 |
β |
176 |
β |
(367) |
β |
β |
β |
Other liabilities |
β |
Μύ |
664 |
Μύ |
213 |
β |
214 |
β |
β |
β |
1,091 |
β |
Total liabilities |
β |
Μύ |
17,074 |
Μύ |
1,291 |
β |
4,724 |
β |
(680) |
β |
22,409 |
β |
Equity / Attributed net assets |
β |
Μύ |
9,354 |
Μύ |
337 |
β |
6,501 |
β |
β |
β |
16,192 |
β |
Noncontrolling interests in equity of subsidiaries |
β |
Μύ |
5,182 |
Μύ |
β |
β |
6 |
β |
β |
β |
5,188 |
β |
Total liabilities and equity |
β |
$ |
31,610 |
Μύ |
1,628 |
β |
11,231 |
β |
(680) |
β |
43,789 |
β |
|
| Condensed Statement of Operations |
STATEMENT OF OPERATIONS INFORMATION
Three months ended September 30, 2020
(unaudited)
β
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Attributed (note 1) |
β |
β |
β |
β |
β |
ΒιΆΉapp |
β |
β |
β |
β |
β |
β |
β |
β |
β |
SiriusXM |
β |
Braves |
β |
Formula One |
β |
Consolidated |
β |
β |
β |
Group |
β |
Group |
β |
Group |
β |
ΒιΆΉapp |
β |
|
β |
β |
amounts in millions |
β |
Revenue: |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Sirius XM Holdings revenue |
β |
$ |
2,025 |
Μύ |
β |
β |
β |
β |
2,025 |
β |
Formula 1 revenue |
β |
β |
β |
β |
β |
β |
597 |
β |
597 |
β |
Other revenue |
β |
Μύ |
β |
Μύ |
110 |
β |
β |
β |
110 |
β |
Total revenue |
β |
Μύ |
2,025 |
Μύ |
110 |
β |
597 |
β |
2,732 |
β |
Operating costs and expenses, including stock-based compensation (note 2): |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Cost of services (exclusive of depreciation shown separately below): |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Revenue share and royalties |
β |
Μύ |
602 |
Μύ |
β |
β |
β |
β |
602 |
β |
Programming and content |
β |
Μύ |
123 |
Μύ |
β |
β |
β |
β |
123 |
β |
Customer service and billing |
β |
Μύ |
119 |
Μύ |
β |
β |
β |
β |
119 |
β |
Other |
β |
Μύ |
51 |
Μύ |
β |
β |
β |
β |
51 |
β |
Cost of Formula 1 revenue |
β |
β |
β |
β |
β |
β |
551 |
β |
551 |
β |
Subscriber acquisition costs |
β |
Μύ |
110 |
Μύ |
β |
β |
β |
β |
110 |
β |
Other operating expenses |
β |
Μύ |
64 |
Μύ |
90 |
β |
β |
β |
154 |
β |
Selling, general and administrative |
β |
Μύ |
363 |
Μύ |
17 |
β |
43 |
β |
423 |
β |
Acquisition and restructuring |
β |
β |
β |
Μύ |
β |
β |
β |
β |
β |
β |
Depreciation and amortization |
β |
Μύ |
142 |
Μύ |
19 |
β |
118 |
β |
279 |
β |
β |
β |
Μύ |
1,574 |
Μύ |
126 |
β |
712 |
β |
2,412 |
β |
Operating income (loss) |
β |
Μύ |
451 |
Μύ |
(16) |
β |
(115) |
β |
320 |
β |
Other income (expense): |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Interest expense |
β |
Μύ |
(116) |
Μύ |
(6) |
β |
(31) |
β |
(153) |
β |
Intergroup interest (expense) income |
β |
β |
β |
Μύ |
β |
β |
β |
β |
β |
β |
Share of earnings (losses) of affiliates, net |
β |
Μύ |
(183) |
Μύ |
(5) |
β |
1 |
β |
(187) |
β |
Realized and unrealized gains (losses) on financial instruments, net |
β |
Μύ |
(39) |
Μύ |
β |
β |
55 |
β |
16 |
β |
Unrealized gains (losses) on intergroup interests (note 1) |
β |
β |
25 |
β |
(10) |
β |
(15) |
β |
β |
β |
Other, net |
β |
Μύ |
(36) |
Μύ |
(1) |
β |
5 |
β |
(32) |
β |
β |
β |
Μύ |
(349) |
Μύ |
(22) |
β |
15 |
β |
(356) |
β |
Earnings (loss) before income taxes |
β |
Μύ |
102 |
Μύ |
(38) |
β |
(100) |
β |
(36) |
β |
Income tax (expense) benefit |
β |
Μύ |
(22) |
Μύ |
7 |
β |
8 |
β |
(7) |
β |
Net earnings (loss) |
β |
Μύ |
80 |
Μύ |
(31) |
β |
(92) |
β |
(43) |
β |
Less net earnings (loss) attributable to the noncontrolling interests |
β |
Μύ |
68 |
Μύ |
β |
β |
3 |
β |
71 |
β |
Net earnings (loss) attributable to ΒιΆΉapp stockholders |
β |
$ |
12 |
Μύ |
(31) |
β |
(95) |
β |
(114) |
β |
β
STATEMENT OF OPERATIONS INFORMATION
Three months ended September 30, 2019
(unaudited)
β
|
|
|
|
|
|
|
|
|
|
|
β |
β |
β |
Attributed (note 1) |
β |
β |
β |
β |
β |
ΒιΆΉapp |
β |
β |
β |
β |
β |
β |
β |
β |
β |
SiriusXM |
β |
Braves |
β |
Formula One |
β |
Consolidated |
β |
β |
β |
Group |
β |
Group |
β |
Group |
β |
ΒιΆΉapp |
β |
|
β |
β |
amounts in millions |
β |
Revenue: |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Sirius XM Holdings revenue |
β |
$ |
2,011 |
Μύ |
β |
β |
β |
β |
2,011 |
β |
Formula 1 revenue |
β |
β |
β |
β |
β |
β |
633 |
β |
633 |
β |
Other revenue |
β |
Μύ |
β |
Μύ |
212 |
β |
β |
β |
212 |
β |
Total revenue |
β |
Μύ |
2,011 |
Μύ |
212 |
β |
633 |
β |
2,856 |
β |
Operating costs and expenses, including stock-based compensation (note 2): |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Cost of services (exclusive of depreciation shown separately below): |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Revenue share and royalties |
β |
Μύ |
592 |
Μύ |
β |
β |
β |
β |
592 |
β |
Programming and content |
β |
Μύ |
116 |
Μύ |
β |
β |
β |
β |
116 |
β |
Customer service and billing |
β |
Μύ |
120 |
Μύ |
β |
β |
β |
β |
120 |
β |
Other |
β |
Μύ |
52 |
Μύ |
β |
β |
β |
β |
52 |
β |
Cost of Formula 1 revenue |
β |
β |
β |
β |
β |
β |
434 |
β |
434 |
β |
Subscriber acquisition costs |
β |
Μύ |
101 |
Μύ |
β |
β |
β |
β |
101 |
β |
Other operating expenses |
β |
Μύ |
78 |
Μύ |
145 |
β |
β |
β |
223 |
β |
Selling, general and administrative |
β |
Μύ |
363 |
Μύ |
26 |
β |
51 |
β |
440 |
β |
Acquisition and restructuring |
β |
β |
β |
Μύ |
β |
β |
β |
β |
β |
β |
Depreciation and amortization |
β |
Μύ |
135 |
Μύ |
20 |
β |
116 |
β |
271 |
β |
β |
β |
Μύ |
1,557 |
Μύ |
191 |
β |
601 |
β |
2,349 |
β |
Operating income (loss) |
β |
Μύ |
454 |
Μύ |
21 |
β |
32 |
β |
507 |
β |
Other income (expense): |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Interest expense |
β |
Μύ |
(115) |
Μύ |
(6) |
β |
(48) |
β |
(169) |
β |
Share of earnings (losses) of affiliates, net |
β |
Μύ |
(7) |
Μύ |
4 |
β |
58 |
β |
55 |
β |
Realized and unrealized gains (losses) on financial instruments, net |
β |
Μύ |
(10) |
Μύ |
(2) |
β |
26 |
β |
14 |
β |
Unrealized gains (losses) on intergroup interests (note 1) |
β |
β |
β |
β |
2 |
β |
(2) |
β |
β |
β |
Other, net |
β |
Μύ |
(51) |
Μύ |
β |
β |
4 |
β |
(47) |
β |
β |
β |
Μύ |
(183) |
Μύ |
(2) |
β |
38 |
β |
(147) |
β |
Earnings (loss) before income taxes |
β |
Μύ |
271 |
Μύ |
19 |
β |
70 |
β |
360 |
β |
Income tax (expense) benefit |
β |
Μύ |
(63) |
Μύ |
(7) |
β |
(28) |
β |
(98) |
β |
Net earnings (loss) |
β |
Μύ |
208 |
Μύ |
12 |
β |
42 |
β |
262 |
β |
Less net earnings (loss) attributable to the noncontrolling interests |
β |
Μύ |
68 |
Μύ |
β |
β |
1 |
β |
69 |
β |
Net earnings (loss) attributable to ΒιΆΉapp stockholders |
β |
$ |
140 |
Μύ |
12 |
β |
41 |
β |
193 |
β |
β
β
STATEMENT OF OPERATIONS INFORMATION
Nine months ended September 30, 2020
(unaudited)
β
|
|
|
|
|
|
|
|
|
|
|
β |
β |
β |
Attributed (note 1) |
β |
β |
β |
β |
β |
ΒιΆΉapp |
β |
β |
β |
β |
β |
β |
β |
β |
β |
SiriusXM |
β |
Braves |
β |
Formula One |
β |
Consolidated |
β |
β |
β |
Group |
β |
Group |
β |
Group |
β |
ΒιΆΉapp |
β |
|
β |
β |
amounts in millions |
β |
Revenue: |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Sirius XM Holdings revenue |
β |
$ |
5,851 |
Μύ |
β |
β |
β |
β |
5,851 |
β |
Formula 1 revenue |
β |
β |
β |
β |
β |
β |
660 |
β |
660 |
β |
Other revenue |
β |
Μύ |
β |
Μύ |
143 |
β |
β |
β |
143 |
β |
Total revenue |
β |
Μύ |
5,851 |
Μύ |
143 |
β |
660 |
β |
6,654 |
β |
Operating costs and expenses, including stock-based compensation (note 2): |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Cost of subscriber services (exclusive of depreciation shown separately below): |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Revenue share and royalties |
β |
Μύ |
1,759 |
Μύ |
β |
β |
β |
β |
1,759 |
β |
Programming and content |
β |
Μύ |
351 |
Μύ |
β |
β |
β |
β |
351 |
β |
Customer service and billing |
β |
Μύ |
359 |
Μύ |
β |
β |
β |
β |
359 |
β |
Other |
β |
Μύ |
142 |
Μύ |
β |
β |
β |
β |
142 |
β |
Cost of Formula 1 revenue |
β |
β |
β |
β |
β |
β |
610 |
β |
610 |
β |
Subscriber acquisition costs |
β |
Μύ |
257 |
Μύ |
β |
β |
β |
β |
257 |
β |
Other operating expenses |
β |
Μύ |
196 |
Μύ |
143 |
β |
β |
β |
339 |
β |
Selling, general and administrative |
β |
Μύ |
1,055 |
Μύ |
39 |
β |
127 |
β |
1,221 |
β |
Acquisition and restructuring |
β |
β |
24 |
Μύ |
β |
β |
β |
β |
24 |
β |
Depreciation and amortization |
β |
Μύ |
432 |
Μύ |
54 |
β |
326 |
β |
812 |
β |
β |
β |
Μύ |
4,575 |
Μύ |
236 |
β |
1,063 |
β |
5,874 |
β |
Operating income (loss) |
β |
Μύ |
1,276 |
Μύ |
(93) |
β |
(403) |
β |
780 |
β |
Other income (expense): |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Interest expense |
β |
Μύ |
(347) |
Μύ |
(19) |
β |
(114) |
β |
(480) |
β |
Intergroup interest (expense) income |
β |
β |
(7) |
Μύ |
β |
β |
7 |
β |
β |
β |
Share of earnings (losses) of affiliates, net |
β |
Μύ |
(331) |
Μύ |
(2) |
β |
(109) |
β |
(442) |
β |
Realized and unrealized gains (losses) on financial instruments, net |
β |
Μύ |
(228) |
Μύ |
(10) |
β |
75 |
β |
(163) |
β |
Unrealized gains (losses) on intergroup interest (note 1) |
β |
β |
92 |
β |
78 |
β |
(170) |
β |
β |
β |
Other, net |
β |
Μύ |
(19) |
Μύ |
(1) |
β |
19 |
β |
(1) |
β |
β |
β |
Μύ |
(840) |
Μύ |
46 |
β |
(292) |
β |
(1,086) |
β |
Earnings (loss) before income taxes |
β |
Μύ |
436 |
Μύ |
(47) |
β |
(695) |
β |
(306) |
β |
Income tax (expense) benefit |
β |
Μύ |
(88) |
Μύ |
31 |
β |
60 |
β |
3 |
β |
Net earnings (loss) |
β |
Μύ |
348 |
Μύ |
(16) |
β |
(635) |
β |
(303) |
β |
Less net earnings (loss) attributable to the noncontrolling interests |
β |
Μύ |
210 |
Μύ |
β |
β |
3 |
β |
213 |
β |
Net earnings (loss) attributable to ΒιΆΉapp stockholders |
β |
$ |
138 |
Μύ |
(16) |
β |
(638) |
β |
(516) |
β |
β
STATEMENT OF OPERATIONS INFORMATION
Nine months ended September 30, 2019
(unaudited)
β
|
|
|
|
|
|
|
|
|
|
|
β |
β |
β |
Attributed (note 1) |
β |
β |
β |
β |
β |
ΒιΆΉapp |
β |
β |
β |
β |
β |
β |
β |
β |
β |
SiriusXM |
β |
Braves |
β |
Formula One |
β |
Consolidated |
β |
β |
β |
Group |
β |
Group |
β |
Group |
β |
ΒιΆΉapp |
β |
|
β |
β |
amounts in millions |
β |
Revenue: |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Sirius XM Holdings revenue |
β |
$ |
5,732 |
Μύ |
β |
β |
β |
β |
5,732 |
β |
Formula 1 revenue |
β |
β |
β |
β |
β |
β |
1,499 |
β |
1,499 |
β |
Other revenue |
β |
Μύ |
β |
Μύ |
442 |
β |
β |
β |
442 |
β |
Total revenue |
β |
Μύ |
5,732 |
Μύ |
442 |
β |
1,499 |
β |
7,673 |
β |
Operating costs and expenses, including stock-based compensation (note 2): |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Cost of services (exclusive of depreciation shown separately below): |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Revenue share and royalties |
β |
Μύ |
1,684 |
Μύ |
β |
β |
β |
β |
1,684 |
β |
Programming and content |
β |
Μύ |
338 |
Μύ |
β |
β |
β |
β |
338 |
β |
Customer service and billing |
β |
Μύ |
352 |
Μύ |
β |
β |
β |
β |
352 |
β |
Other |
β |
Μύ |
136 |
Μύ |
β |
β |
β |
β |
136 |
β |
Cost of Formula 1 revenue |
β |
β |
β |
β |
β |
β |
1,023 |
β |
1,023 |
β |
Subscriber acquisition costs |
β |
Μύ |
313 |
Μύ |
β |
β |
β |
β |
313 |
β |
Other operating expenses |
β |
Μύ |
206 |
Μύ |
305 |
β |
β |
β |
511 |
β |
Selling, general and administrative |
β |
Μύ |
1,050 |
Μύ |
77 |
β |
148 |
β |
1,275 |
β |
Acquisition and restructuring |
β |
β |
83 |
Μύ |
β |
β |
β |
β |
83 |
β |
Depreciation and amortization |
β |
Μύ |
396 |
Μύ |
54 |
β |
340 |
β |
790 |
β |
β |
β |
Μύ |
4,558 |
Μύ |
436 |
β |
1,511 |
β |
6,505 |
β |
Operating income (loss) |
β |
Μύ |
1,174 |
Μύ |
6 |
β |
(12) |
β |
1,168 |
β |
Other income (expense): |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Interest expense |
β |
Μύ |
(326) |
Μύ |
(20) |
β |
(149) |
β |
(495) |
β |
Share of earnings (losses) of affiliates, net |
β |
Μύ |
(18) |
Μύ |
13 |
β |
74 |
β |
69 |
β |
Realized and unrealized gains (losses) on financial instruments, net |
β |
Μύ |
6 |
Μύ |
(6) |
β |
(171) |
β |
(171) |
β |
Unrealized gains (losses) on intergroup interests (note 1) |
β |
β |
β |
β |
(26) |
β |
26 |
β |
β |
β |
Other, net |
β |
Μύ |
(42) |
Μύ |
1 |
β |
23 |
β |
(18) |
β |
β |
β |
Μύ |
(380) |
Μύ |
(38) |
β |
(197) |
β |
(615) |
β |
Earnings (loss) before income taxes |
β |
Μύ |
794 |
Μύ |
(32) |
β |
(209) |
β |
553 |
β |
Income tax (expense) benefit |
β |
Μύ |
(251) |
Μύ |
(1) |
β |
26 |
β |
(226) |
β |
Net earnings (loss) |
β |
Μύ |
543 |
Μύ |
(33) |
β |
(183) |
β |
327 |
β |
Less net earnings (loss) attributable to the noncontrolling interests |
β |
Μύ |
175 |
Μύ |
β |
β |
1 |
β |
176 |
β |
Net earnings (loss) attributable to ΒιΆΉapp stockholders |
β |
$ |
368 |
Μύ |
(33) |
β |
(184) |
β |
151 |
β |
|
| Condensed Statement of Cash Flows |
STATEMENT OF CASH FLOWS INFORMATION
Nine months ended September 30, 2020
(unaudited)
β
|
|
|
|
|
|
|
|
|
|
|
β |
β |
β |
Attributed (note 1) |
β |
β |
β |
β |
β |
ΒιΆΉapp |
β |
β |
β |
β |
β |
β |
β |
β |
β |
SiriusXM |
β |
Braves |
β |
Formula One |
β |
Consolidated |
β |
β |
β |
Group |
β |
Group |
β |
Group |
β |
ΒιΆΉapp |
β |
|
β |
β |
²Ή³Ύ΄Η³ά²Τ³Ω²υΜύΎ±²ΤΜύ³ΎΎ±±τ±τΎ±΄Η²Τ²υ |
β |
Cash flows from operating activities: |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Net earnings (loss) |
β |
$ |
348 |
Μύ |
(16) |
β |
(635) |
β |
(303) |
β |
Adjustments to reconcile net earnings to net cash provided by operating activities: |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Depreciation and amortization |
β |
Μύ |
432 |
Μύ |
54 |
β |
326 |
β |
812 |
β |
Stock-based compensation |
β |
Μύ |
173 |
Μύ |
(10) |
β |
17 |
β |
180 |
β |
Share of (earnings) loss of affiliates, net |
β |
Μύ |
331 |
Μύ |
2 |
β |
109 |
β |
442 |
β |
Unrealized (gains) losses on intergroup interests, net |
β |
β |
(92) |
β |
(78) |
β |
170 |
β |
β |
β |
Realized and unrealized (gains) losses on financial instruments, net |
β |
Μύ |
228 |
Μύ |
10 |
β |
(75) |
β |
163 |
β |
Deferred income tax expense (benefit) |
β |
Μύ |
33 |
Μύ |
(15) |
β |
(61) |
β |
(43) |
β |
Intergroup tax allocation |
β |
β |
4 |
β |
(16) |
β |
12 |
β |
β |
β |
Other charges (credits), net |
β |
Μύ |
73 |
Μύ |
10 |
β |
2 |
β |
85 |
β |
Changes in operating assets and liabilities |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Current and other assets |
β |
Μύ |
150 |
Μύ |
(16) |
β |
(282) |
β |
(148) |
β |
Payables and other liabilities |
β |
Μύ |
(301) |
Μύ |
19 |
β |
150 |
β |
(132) |
β |
Net cash provided (used) by operating activities |
β |
Μύ |
1,379 |
Μύ |
(56) |
β |
(267) |
β |
1,056 |
β |
Cash flows from investing activities: |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Investments in equity method affiliates and debt and equity securities |
β |
Μύ |
(91) |
Μύ |
β |
β |
(3) |
β |
(94) |
β |
Return of investment in equity method affiliates |
β |
β |
β |
β |
β |
β |
105 |
β |
105 |
β |
Cash proceeds from sale of investments |
β |
β |
β |
β |
β |
β |
13 |
β |
13 |
β |
Cash (paid) received for acquisitions, net of cash acquired |
β |
β |
(28) |
β |
β |
β |
β |
β |
(28) |
β |
Capital expended for property and equipment, including internal-use software and website development |
β |
Μύ |
(230) |
Μύ |
(69) |
β |
(17) |
β |
(316) |
β |
Other investing activities, net |
β |
Μύ |
10 |
Μύ |
4 |
β |
(3) |
β |
11 |
β |
Net cash provided (used) by investing activities |
β |
Μύ |
(339) |
Μύ |
(65) |
β |
95 |
β |
(309) |
β |
Cash flows from financing activities: |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Borrowings of debt |
β |
Μύ |
2,300 |
Μύ |
216 |
β |
522 |
β |
3,038 |
β |
Repayments of debt |
β |
Μύ |
(1,922) |
Μύ |
(62) |
β |
(611) |
β |
(2,595) |
β |
Intergroup Loan (repayment) borrowing |
β |
β |
(750) |
Μύ |
β |
β |
750 |
β |
β |
β |
ΒιΆΉapp SiriusXM stock repurchases |
β |
β |
(135) |
β |
β |
β |
(69) |
β |
(204) |
β |
Subsidiary shares repurchased by subsidiary |
β |
Μύ |
(870) |
Μύ |
β |
β |
β |
β |
(870) |
β |
Reattribution between ΒιΆΉapp SiriusXM Group and ΒιΆΉapp Formula One Group |
β |
β |
(608) |
Μύ |
β |
β |
608 |
β |
β |
β |
Proceeds from ΒιΆΉapp SiriusXM common stock rights offering |
β |
β |
754 |
Μύ |
β |
β |
β |
β |
754 |
β |
Cash dividends paid by subsidiary |
β |
β |
(49) |
β |
β |
β |
β |
β |
(49) |
β |
Taxes paid in lieu of shares issued for stock-based compensation |
β |
Μύ |
(84) |
Μύ |
β |
β |
(2) |
β |
(86) |
β |
Other financing activities, net |
β |
β |
(35) |
β |
(5) |
β |
(26) |
β |
(66) |
β |
Net cash provided (used) by financing activities |
β |
Μύ |
(1,399) |
Μύ |
149 |
β |
1,172 |
β |
(78) |
β |
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash |
β |
β |
β |
β |
β |
β |
(1) |
β |
(1) |
β |
Net increase (decrease) in cash, cash equivalents and restricted cash |
β |
Μύ |
(359) |
Μύ |
28 |
β |
999 |
β |
668 |
β |
Cash, cash equivalents and restricted cash at beginning of period |
β |
Μύ |
507 |
Μύ |
212 |
β |
587 |
β |
1,306 |
β |
Cash, cash equivalents and restricted cash at end of period |
β |
$ |
148 |
Μύ |
240 |
β |
1,586 |
β |
1,974 |
β |
β
STATEMENT OF CASH FLOWS INFORMATION
Nine months ended September 30, 2019
(unaudited)
β
|
|
|
|
|
|
|
|
|
|
|
β |
β |
β |
Attributed (note 1) |
β |
β |
β |
β |
β |
ΒιΆΉapp |
β |
β |
β |
β |
β |
β |
β |
β |
β |
SiriusXM |
β |
Braves |
β |
Formula One |
β |
Consolidated |
β |
β |
β |
Group |
β |
Group |
β |
Group |
β |
ΒιΆΉapp |
β |
|
β |
β |
²Ή³Ύ΄Η³ά²Τ³Ω²υΜύΎ±²ΤΜύ³ΎΎ±±τ±τΎ±΄Η²Τ²υ |
β |
Cash flows from operating activities: |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Net earnings (loss) |
β |
$ |
543 |
Μύ |
(33) |
β |
(183) |
β |
327 |
β |
Adjustments to reconcile net earnings to net cash provided by operating activities: |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Depreciation and amortization |
β |
Μύ |
396 |
Μύ |
54 |
β |
340 |
β |
790 |
β |
Stock-based compensation |
β |
Μύ |
204 |
Μύ |
13 |
β |
21 |
β |
238 |
β |
Share of (earnings) loss of affiliates, net |
β |
Μύ |
18 |
Μύ |
(13) |
β |
(74) |
β |
(69) |
β |
Unrealized (gains) losses on intergroup interests, net |
β |
β |
β |
β |
26 |
β |
(26) |
β |
β |
β |
Realized and unrealized (gains) losses on financial instruments, net |
β |
Μύ |
(6) |
Μύ |
6 |
β |
171 |
β |
171 |
β |
Deferred income tax expense (benefit) |
β |
Μύ |
232 |
Μύ |
7 |
β |
(43) |
β |
196 |
β |
Intergroup tax allocation |
β |
β |
1 |
β |
(6) |
β |
5 |
β |
β |
β |
Intergroup tax (payments) receipts |
β |
β |
(2) |
β |
22 |
β |
(20) |
β |
β |
β |
Other charges (credits), net |
β |
Μύ |
63 |
Μύ |
9 |
β |
(4) |
β |
68 |
β |
Changes in operating assets and liabilities |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Current and other assets |
β |
Μύ |
14 |
Μύ |
(37) |
β |
(38) |
β |
(61) |
β |
Payables and other liabilities |
β |
Μύ |
(26) |
Μύ |
9 |
β |
127 |
β |
110 |
β |
Net cash provided (used) by operating activities |
β |
Μύ |
1,437 |
Μύ |
57 |
β |
276 |
β |
1,770 |
β |
Cash flows from investing activities: |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Investments in equity method affiliates and debt and equity securities |
β |
Μύ |
(14) |
Μύ |
(4) |
β |
(7) |
β |
(25) |
β |
Cash proceeds from sale of investments |
β |
β |
373 |
β |
β |
β |
16 |
β |
389 |
β |
Cash (paid) received for acquisitions, net of cash acquired |
β |
β |
313 |
β |
β |
β |
β |
β |
313 |
β |
Capital expended for property and equipment, including internal-use software and website development |
β |
Μύ |
(239) |
Μύ |
(72) |
β |
(27) |
β |
(338) |
β |
Sales of short term investments and other marketable securities |
β |
β |
73 |
Μύ |
β |
β |
β |
β |
73 |
β |
Other investing activities, net |
β |
Μύ |
2 |
Μύ |
β |
β |
(4) |
β |
(2) |
β |
Net cash provided (used) by investing activities |
β |
Μύ |
508 |
Μύ |
(76) |
β |
(22) |
β |
410 |
β |
Cash flows from financing activities: |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Borrowings of debt |
β |
Μύ |
4,943 |
Μύ |
75 |
β |
β |
β |
5,018 |
β |
Repayments of debt |
β |
Μύ |
(4,311) |
Μύ |
(29) |
β |
(5) |
β |
(4,345) |
β |
ΒιΆΉapp SiriusXM stock repurchases |
β |
β |
(374) |
β |
β |
β |
β |
β |
(374) |
β |
Subsidiary shares repurchased by subsidiary |
β |
Μύ |
(1,959) |
Μύ |
β |
β |
β |
β |
(1,959) |
β |
Cash dividends paid by subsidiary |
β |
β |
(52) |
β |
β |
β |
β |
β |
(52) |
β |
Taxes paid in lieu of shares issued for stock-based compensation |
β |
Μύ |
(109) |
Μύ |
(1) |
β |
9 |
β |
(101) |
β |
Other financing activities, net |
β |
β |
(41) |
β |
(6) |
β |
6 |
β |
(41) |
β |
Net cash provided (used) by financing activities |
β |
Μύ |
(1,903) |
Μύ |
39 |
β |
10 |
β |
(1,854) |
β |
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash |
β |
β |
β |
β |
β |
β |
(5) |
β |
(5) |
β |
Net increase (decrease) in cash, cash equivalents and restricted cash |
β |
Μύ |
42 |
Μύ |
20 |
β |
259 |
β |
321 |
β |
Cash, cash equivalents and restricted cash at beginning of period |
β |
Μύ |
102 |
Μύ |
190 |
β |
160 |
β |
452 |
β |
Cash, cash equivalents and restricted cash at end of period |
β |
$ |
144 |
Μύ |
210 |
β |
419 |
β |
773 |
β |
|