鶹app

Quarterly report pursuant to Section 13 or 15(d)

Investments In Affiliates Accounted For Using The Equity Method (Tables)

v3.21.2
Investments In Affiliates Accounted For Using The Equity Method (Tables)
9 Months Ended
Sep. 30, 2021
Schedule Of Equity Ownership And Carrying Amount

September 30, 2021

December 31, 2020

Percentage

󲹾ղܱ

Carrying

Carrying

ownership

(Level1)

amount

amount

dollaramountsinmillions

鶹app SiriusXM Group

Live Nation (a)(b)

31

%

$

6,347

$

149

163

Sirius XM Canada

70

%

$

NA

648

643

Other

NA

77

80

Total 鶹app SiriusXM Group

874

886

Braves Group

Other

various

NA

108

94

Total Braves Group

108

94

Formula One Group

Other

various

NA

34

38

Total Formula One Group

34

38

Consolidated 鶹app

$

1,016

1,018

(a) See note 8 for details regarding the number and fair value of shares pledged as collateral as of September 30, 2021 pursuant to 鶹app’s margin loan secured by shares of Live Nation (the “Live Nation Margin Loan”).
(b) Due to Live Nation’s significant losses driven by COVID-19, 鶹app’s basis in Live Nation was approximately zero as of June 30, 2021. In September 2021, Live Nation completed an offering of approximately 5.2 million shares of its common stock, resulting in a gain on dilution of our investment in Live Nation.
Schedule Of 鶹app's Share Of Earnings (Losses) Of Affiliates

Three months ended

Nine months ended

September 30,

September 30,

2021

2020

2021

2020

amountsinmillions

鶹app SiriusXM Group

Live Nation (a)

$

9

(177)

(169)

(321)

Sirius XM Canada

(1)

6

8

Other

(6)

(6)

(18)

(18)

Total 鶹app SiriusXM Group

2

(183)

(181)

(331)

Braves Group

Other

9

(5)

20

(2)

Total Braves Group

9

(5)

20

(2)

Formula One Group

Live Nation (a)

NA

NA

NA

(112)

Other

(2)

1

27

3

Total Formula One Group

(2)

1

27

(109)

Consolidated 鶹app

$

9

(187)

(134)

(442)

(a) 鶹app’s interest in Live Nation was reattributed from the Formula One Group to the 鶹app SiriusXM Group effective April 22, 2020.