Stockholders' Equity |
12 Months Ended |
|---|---|
Dec. 31, 2022 | |
| Stockholders' Equity |
(13)Ā Ā Stockholdersā Equity Preferred Stock Ā鶹appās preferred stock is issuable, from time to time, with such designations, preferences and relative participating, optional or other rights, qualifications, limitations or restrictions thereof, as shall be stated and expressed in a resolution or resolutions providing for the issue of such preferred stock adopted by the Board of Directors. As of DecemberĀ 31, 2022, no shares of preferred stock were issued. Common Stock SeriesĀ A Ā鶹app SiriusXM, Ā鶹app Braves and Ā鶹app Formula One common stock have one vote per share, SeriesĀ B Ā鶹app SiriusXM, Ā鶹app Braves and Ā鶹app Formula One common stock have ten votes per share and SeriesĀ C Ā鶹app SiriusXM, Ā鶹app Braves and Ā鶹app Formula One common stock have no votes per share except as otherwise required by Delaware law. Each share of SeriesĀ B common stock is exchangeable at the option of the holder for one share of SeriesĀ A common stock of the same group. All series of our common stock participate on an equal basis with respect to dividends and distributions. Purchases of Common Stock During the year ended DecemberĀ 31, 2020, the Company repurchased 4.0Ā million shares of SeriesĀ A Ā鶹app SiriusXM common stock for aggregate cash consideration of $174Ā million and 3.8Ā million shares of SeriesĀ C Ā鶹app SiriusXM common stock for aggregate cash consideration of $144Ā million under the authorized repurchase program. All of the foregoing shares obtained have been retired and returned to the status of authorized and available for issuance. There were no repurchases of SeriesĀ A Ā鶹app Braves common stock or Ā鶹app Formula One stock and no repurchases of Series C Ā鶹app Braves common stock or Ā鶹app Formula One stock during the year ended DecemberĀ 31, 2020. During the year ended December 31, 2021, the Company repurchased 3.1Ā million shares of SeriesĀ A Ā鶹app SiriusXM common stock for aggregate cash consideration of $141Ā million, 7.7Ā million shares of SeriesĀ C Ā鶹app SiriusXM common stock for aggregate cash consideration of $359Ā million and 1.2Ā million shares of SeriesĀ A Ā鶹app Formula One common stock for aggregate cash consideration of $55Ā million under the authorized repurchase program. All of the foregoing shares obtained have been retired and returned to the status of authorized and available for issuance. There were no repurchases of SeriesĀ A Ā鶹app Braves common stock and no repurchases of Series C Ā鶹app Braves common stock or Ā鶹app Formula One stock during the year ended DecemberĀ 31, 2021. During the year ended December 31, 2022, the Company repurchased 3.5Ā million shares of SeriesĀ A Ā鶹app SiriusXM common stock for aggregate cash consideration of $161Ā million, 4.5Ā million shares of SeriesĀ C Ā鶹app SiriusXM common stock for aggregate cash consideration of $197Ā million and 0.7Ā million shares of SeriesĀ A Ā鶹app Formula One common stock for aggregate cash consideration of $37Ā million under the authorized repurchase program. All of the foregoing shares obtained have been retired and returned to the status of authorized and available for issuance. There were no repurchases of SeriesĀ A Ā鶹app Braves common stock and no repurchases of Series C Ā鶹app Braves common stock or Ā鶹app Formula One stock during the year ended DecemberĀ 31, 2022. Dividends Declared by Subsidiary During the year ended December 31, 2020, Sirius XM Holdings declared a cash dividend each quarter, and paid in cash an aggregate amount of $237 million, of which Ā鶹app received $173 million. During the year ended DecemberĀ 31, 2021, Sirius XM Holdings declared a cash dividend each quarter, and paid in cash an aggregate amount of $268Ā million, of which Ā鶹app received $210Ā million. During the year ended DecemberĀ 31, 2022, Sirius XM Holdings declared quarterly dividends and a special dividend and paid in cash an aggregate amount of $1,339Ā million, of which Ā鶹app received $1,090Ā million. On JanuaryĀ 25, 2023, Sirius XM Holdingsā board of directors declared a quarterly dividend on its common stock in the amount of $0.0242 per share of common stock, payable on FebruaryĀ 24, 2023 to stockholders of record at the close of business on FebruaryĀ 9, 2023. |