Â鶹app

Annual report pursuant to Section 13 and 15(d)

Consolidated Statements Of Operations

v3.22.0.1
Consolidated Statements Of Operations - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Revenue: Ìý Ìý Ìý
Total revenue $ 11,400 $ 9,363 $ 10,292
Operating costs and expenses, including stock-based compensation: Ìý Ìý Ìý
Subscriber acquisition costs 325 362 427
Other operating expenses 642 434 624
Selling, general and administrative 1,907 1,750 1,805
Impairment, restructuring and acquisition costs, net of recoveries 20 1,004 84
Depreciation and amortization 1,072 1,083 1,061
Total operating costs and expenses 9,423 9,186 8,822
Operating income (loss) 1,977 177 1,470
Other income (expense): Ìý Ìý Ìý
Interest expense (642) (634) (657)
Share of earnings (losses) of affiliates, net (200) (586) 6
Realized and unrealized gains (losses) on financial instruments, net (451) (402) (315)
Gains (losses) on dilution of investment in affiliate 152 4 7
Other, net (47) 6 2
Total other income (expense) (1,188) (1,612) (957)
Earnings (loss) before income taxes 789 (1,435) 513
Income tax (expense) benefit (45) 44 (166)
Net earnings (loss) 744 (1,391) 347
Less net earnings (loss) attributable to the noncontrolling interests 292 30 241
Less net earnings (loss) attributable to redeemable noncontrolling interest 54 Ìý Ìý
Net earnings (loss) attributable to Â鶹app stockholders 398 (1,421) 106
Â鶹app SiriusXM Group Ìý Ìý Ìý
Other income (expense): Ìý Ìý Ìý
Net earnings (loss) attributable to Â鶹app stockholders $ 599 $ (747) $ 494
Basic net earnings (loss) attributable to Â鶹app stockholders per common share Ìý Ìý Ìý
Series A, B and C common stock, basic earnings loss per share $ 1.79 $ (2.24) $ 1.50
Diluted net earnings (loss) attributable to Â鶹app stockholders per common share Ìý Ìý Ìý
Series A, B and C common stock, diluted earnings loss per share $ 1.78 $ (2.33) $ 1.48
Braves Group Ìý Ìý Ìý
Other income (expense): Ìý Ìý Ìý
Net earnings (loss) attributable to Â鶹app stockholders $ (11) $ (78) $ (77)
Basic net earnings (loss) attributable to Â鶹app stockholders per common share Ìý Ìý Ìý
Series A, B and C common stock, basic earnings loss per share $ (0.21) $ (1.53) $ (1.51)
Diluted net earnings (loss) attributable to Â鶹app stockholders per common share Ìý Ìý Ìý
Series A, B and C common stock, diluted earnings loss per share $ (0.21) $ (2.00) $ (1.51)
Formula One Group Ìý Ìý Ìý
Other income (expense): Ìý Ìý Ìý
Net earnings (loss) attributable to Â鶹app stockholders $ (190) $ (596) $ (311)
Basic net earnings (loss) attributable to Â鶹app stockholders per common share Ìý Ìý Ìý
Series A, B and C common stock, basic earnings loss per share $ (0.82) $ (2.57) $ (1.35)
Diluted net earnings (loss) attributable to Â鶹app stockholders per common share Ìý Ìý Ìý
Series A, B and C common stock, diluted earnings loss per share $ (0.82) $ (2.57) $ (1.35)
Sirius XM Holdings Revenue Ìý Ìý Ìý
Revenue: Ìý Ìý Ìý
Total revenue $ 8,696 $ 8,040 $ 7,794
Revenue Share And Royalties Ìý Ìý Ìý
Operating costs and expenses, including stock-based compensation: Ìý Ìý Ìý
Cost of services 2,672 2,421 2,291
Programming and content expense Ìý Ìý Ìý
Operating costs and expenses, including stock-based compensation: Ìý Ìý Ìý
Cost of services 559 481 462
Customer service and billing Ìý Ìý Ìý
Operating costs and expenses, including stock-based compensation: Ìý Ìý Ìý
Cost of services 501 481 475
Other cost of subscriber services Ìý Ìý Ìý
Operating costs and expenses, including stock-based compensation: Ìý Ìý Ìý
Cost of services 236 196 199
Primary Formula 1 Ìý Ìý Ìý
Revenue: Ìý Ìý Ìý
Total revenue 2,136 1,145 2,022
Operating costs and expenses, including stock-based compensation: Ìý Ìý Ìý
Cost of services 1,489 974 1,394
Other. Ìý Ìý Ìý
Revenue: Ìý Ìý Ìý
Total revenue $ 568 $ 178 $ 476