Information About Â鶹app's Operating Segments (Tables)
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6 Months Ended |
Jun. 30, 2021 |
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| Information About Â鶹app'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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June 30, |
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June 30, |
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​ |
ÌýÌýÌýÌý |
2021 |
ÌýÌýÌýÌý |
2020 |
ÌýÌýÌýÌý |
2021 |
ÌýÌýÌýÌý |
2020 |
Ìý |
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​ |
​ |
amountsÌýinÌýmillions |
​ |
Â鶹app SiriusXM Group |
​ |
​ |
​ |
Ìý |
​ |
Ìý |
​ |
Ìý |
​ |
​ |
Sirius XM Holdings: |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Subscriber |
​ |
$ |
1,641 |
​ |
1,578 |
​ |
3,252 |
Ìý |
3,163 |
​ |
Advertising |
​ |
Ìý |
429 |
​ |
236 |
​ |
783 |
Ìý |
521 |
​ |
Equipment |
​ |
​ |
51 |
​ |
25 |
​ |
108 |
​ |
66 |
​ |
Other |
​ |
​ |
38 |
​ |
35 |
​ |
74 |
​ |
76 |
​ |
Total Â鶹app SiriusXM Group |
​ |
​ |
2,159 |
​ |
1,874 |
​ |
4,217 |
​ |
3,826 |
​ |
Braves Group |
​ |
Ìý |
​ |
Ìý |
​ |
Ìý |
​ |
Ìý |
​ |
​ |
Corporate and other: |
​ |
Ìý |
​ |
Ìý |
​ |
Ìý |
​ |
Ìý |
​ |
​ |
Baseball |
​ |
Ìý |
204 |
Ìý |
5 |
Ìý |
211 |
Ìý |
17 |
​ |
Development |
​ |
Ìý |
12 |
Ìý |
6 |
Ìý |
21 |
Ìý |
16 |
​ |
Total Braves Group |
​ |
​ |
216 |
​ |
11 |
​ |
232 |
​ |
33 |
​ |
Formula One Group |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Formula 1: |
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​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Primary |
​ |
​ |
464 |
​ |
15 |
​ |
623 |
​ |
32 |
​ |
Other |
​ |
​ |
37 |
​ |
9 |
​ |
58 |
​ |
31 |
​ |
Total Formula One Group |
​ |
​ |
501 |
​ |
24 |
​ |
681 |
​ |
63 |
​ |
Consolidated Â鶹app |
​ |
$ |
2,876 |
​ |
1,909 |
Ìý |
5,130 |
Ìý |
3,922 |
​ |
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| Adjusted OIBDA by segment |
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Three months ended |
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Six months ended |
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June 30, |
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June 30, |
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​ |
ÌýÌýÌýÌý |
2021 |
ÌýÌýÌýÌý |
2020 |
ÌýÌýÌýÌý |
2021 |
ÌýÌýÌýÌý |
2020 |
Ìý |
|
​ |
​ |
amountsÌýinÌýmillions |
​ |
Â鶹app SiriusXM Group |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Sirius XM Holdings |
​ |
$ |
699 |
Ìý |
615 |
Ìý |
1,381 |
Ìý |
1,254 |
​ |
Live Nation |
​ |
​ |
10 |
​ |
(327) |
​ |
(142) |
​ |
(327) |
​ |
Corporate and other |
​ |
Ìý |
(2) |
Ìý |
(12) |
Ìý |
(7) |
Ìý |
(19) |
​ |
​ |
​ |
​ |
707 |
​ |
276 |
​ |
1,232 |
​ |
908 |
​ |
Eliminate equity method affiliate |
​ |
​ |
(10) |
​ |
327 |
​ |
142 |
​ |
327 |
​ |
Total Â鶹app SiriusXM Group |
​ |
Ìý |
697 |
Ìý |
603 |
Ìý |
1,374 |
Ìý |
1,235 |
​ |
Braves Group |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Corporate and other |
​ |
Ìý |
53 |
Ìý |
(28) |
Ìý |
31 |
Ìý |
(54) |
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Total Braves Group |
​ |
Ìý |
53 |
Ìý |
(28) |
Ìý |
31 |
Ìý |
(54) |
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Formula One Group |
​ |
Ìý |
​ |
​ |
​ |
​ |
​ |
Ìý |
​ |
​ |
Formula 1 |
​ |
Ìý |
66 |
Ìý |
(16) |
Ìý |
132 |
Ìý |
(48) |
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Live Nation |
​ |
​ |
NA |
​ |
(104) |
​ |
NA |
​ |
(125) |
​ |
Corporate and other |
​ |
​ |
(3) |
​ |
(10) |
​ |
(10) |
​ |
(20) |
​ |
​ |
​ |
​ |
63 |
​ |
(130) |
​ |
122 |
​ |
(193) |
​ |
Eliminate equity method affiliate |
​ |
​ |
NA |
​ |
104 |
​ |
NA |
​ |
125 |
​ |
Total Formula One Group |
​ |
​ |
63 |
​ |
(26) |
​ |
122 |
​ |
(68) |
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Consolidated Â鶹app |
​ |
$ |
813 |
Ìý |
549 |
Ìý |
1,527 |
Ìý |
1,113 |
​ |
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| Other Information By Segment |
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June 30, 2021 |
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ÌýÌýÌýÌý |
Total |
ÌýÌýÌýÌý |
Investments |
ÌýÌýÌýÌý |
Capital |
Ìý |
​ |
​ |
assets |
​ |
inÌýaffiliates |
​ |
expenditures |
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|
​ |
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amountsÌýinÌýmillions |
​ |
Â鶹app SiriusXM Group |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Sirius XM Holdings |
​ |
$ |
30,868 |
Ìý |
746 |
Ìý |
164 |
​ |
Live Nation |
​ |
​ |
12,246 |
​ |
208 |
​ |
55 |
​ |
Corporate and other |
​ |
​ |
1,672 |
​ |
— |
​ |
— |
​ |
​ |
​ |
​ |
44,786 |
​ |
954 |
​ |
219 |
​ |
Eliminate equity method affiliate |
​ |
​ |
(12,246) |
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(208) |
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(55) |
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Total Â鶹app SiriusXM Group |
​ |
​ |
32,540 |
​ |
746 |
​ |
164 |
​ |
Braves Group |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Corporate and other |
​ |
​ |
1,605 |
​ |
102 |
​ |
19 |
​ |
Total Braves Group |
​ |
​ |
1,605 |
​ |
102 |
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19 |
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Formula One Group |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Formula 1 |
​ |
​ |
8,920 |
​ |
— |
​ |
7 |
​ |
Corporate and other |
​ |
Ìý |
3,109 |
Ìý |
33 |
Ìý |
— |
​ |
Total Formula One Group |
​ |
​ |
12,029 |
​ |
33 |
​ |
7 |
​ |
Elimination (1) |
​ |
​ |
(520) |
​ |
— |
​ |
— |
​ |
Consolidated Â鶹app |
​ |
$ |
45,654 |
Ìý |
881 |
Ìý |
190 |
​ |
|
(1) |
This amount is primarily comprised of the intergroup interests in the Braves Group held by the Formula One Group and the Â鶹app SiriusXM Group and the intergroup interest in the Formula One Group held by the Â鶹app SiriusXM Group. The Braves Group intergroup interests attributable to the Formula One Group and the Â鶹app SiriusXM Group are presented as assets of the Formula One Group and Â鶹app 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app SiriusXM Group is presented as an asset of the Â鶹app 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. |
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| Reconciliation of Adjusted OIBDA to operating income (loss) and earnings (loss) |
​
|
|
|
|
|
|
|
|
|
|
|
​ |
​ |
Three months ended |
​ |
Six months ended |
​ |
​ |
​ |
June 30, |
​ |
June 30, |
​ |
​ |
ÌýÌýÌýÌý |
2021 |
ÌýÌýÌýÌý |
2020 |
ÌýÌýÌýÌý |
2021 |
ÌýÌýÌýÌý |
2020 |
Ìý |
|
​ |
​ |
amountsÌýinÌýmillions |
​ |
Adjusted OIBDA |
​ |
$ |
813 |
Ìý |
549 |
Ìý |
1,527 |
Ìý |
1,113 |
​ |
Impairment, restructuring and acquisition costs (note 10) |
​ |
​ |
137 |
​ |
(24) |
​ |
(108) |
​ |
(24) |
​ |
Legal reserves |
​ |
​ |
— |
​ |
— |
​ |
— |
​ |
16 |
​ |
Stock-based compensation |
​ |
Ìý |
(60) |
Ìý |
(45) |
Ìý |
(123) |
Ìý |
(112) |
​ |
Depreciation and amortization |
​ |
Ìý |
(268) |
Ìý |
(266) |
Ìý |
(532) |
Ìý |
(533) |
​ |
Operating income (loss) |
​ |
​ |
622 |
​ |
214 |
​ |
764 |
​ |
460 |
​ |
Interest expense |
​ |
Ìý |
(158) |
Ìý |
(163) |
Ìý |
(316) |
Ìý |
(327) |
​ |
Share of earnings (losses) of affiliates, net |
​ |
Ìý |
(48) |
Ìý |
(193) |
Ìý |
(143) |
Ìý |
(255) |
​ |
Realized and unrealized gains (losses) on financial instruments, net |
​ |
Ìý |
155 |
Ìý |
(180) |
Ìý |
106 |
Ìý |
(179) |
​ |
Other, net |
​ |
Ìý |
13 |
Ìý |
14 |
Ìý |
28 |
Ìý |
31 |
​ |
Earnings (loss) before income taxes |
​ |
$ |
584 |
Ìý |
(308) |
Ìý |
439 |
Ìý |
(270) |
​ |
|