Â鶹app

Quarterly report pursuant to Section 13 or 15(d)

Financial Information for Tracking Stock Groups - Statement of Operations (Details)

v3.23.3
Financial Information for Tracking Stock Groups - Statement of Operations (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenue: Ìý Ìý Ìý Ìý
Total revenue $ 3,207 $ 3,247 $ 9,007 $ 9,074
Operating costs and expenses, including stock-based compensation: Ìý Ìý Ìý Ìý
Subscriber acquisition costs 87 86 270 267
Other operating expense 110 253 508 590
Selling, general and administrative 469 525 1,445 1,527
Impairment, restructuring and acquisition costs, net of recoveries 6 74 57 75
Depreciation and amortization 234 268 751 790
Total operating costs and expenses 2,578 2,741 7,515 7,549
Operating income (loss) 629 506 1,492 1,525
Other income (expense): Ìý Ìý Ìý Ìý
Interest expense (196) (179) (592) (497)
Share of earnings (losses) of affiliates, net 138 111 218 158
Realized and unrealized gains (losses) on financial instruments, net 11 106 (131) 545
Other, net (14) 20 50 87
Total other income (expense) (61) 58 (455) 293
Earnings (loss) before income taxes 568 564 1,037 1,818
Income tax benefit (expense) (125) (130) (239) (414)
Net earnings (loss) 443 434 798 1,404
Less net earnings (loss) attributable to the noncontrolling interests 58 46 145 164
Less net earnings (loss) attributable to redeemable noncontrolling interest Ìý (3) Ìý (13)
Net earnings (loss) attributable to Â鶹app stockholders 385 391 653 1,253
Â鶹app SiriusXM Group Ìý Ìý Ìý Ìý
Revenue: Ìý Ìý Ìý Ìý
Total revenue 2,271 2,280 6,665 6,720
Operating costs and expenses, including stock-based compensation: Ìý Ìý Ìý Ìý
Subscriber acquisition costs 87 86 270 267
Other operating expense 72 69 234 208
Selling, general and administrative 376 424 1,148 1,247
Impairment, restructuring and acquisition costs, net of recoveries 6 69 56 70
Depreciation and amortization 145 157 460 461
Total operating costs and expenses 1,743 1,846 5,312 5,330
Operating income (loss) 528 434 1,353 1,390
Other income (expense): Ìý Ìý Ìý Ìý
Interest expense (135) (130) (408) (377)
Share of earnings (losses) of affiliates, net 45 104 117 140
Realized and unrealized gains (losses) on financial instruments, net 17 76 (145) 433
Unrealized gains/( loss) on inter-group interests 4 (16) 68 (31)
Other, net 6 13 32 37
Total other income (expense) (63) 47 (336) 202
Earnings (loss) before income taxes 465 481 1,017 1,592
Income tax benefit (expense) (100) (135) (215) (404)
Net earnings (loss) 365 346 802 1,188
Less net earnings (loss) attributable to the noncontrolling interests 58 41 146 148
Net earnings (loss) attributable to Â鶹app stockholders 307 305 656 1,040
Formula One Group Ìý Ìý Ìý Ìý
Revenue: Ìý Ìý Ìý Ìý
Total revenue 887 715 1,992 1,819
Operating costs and expenses, including stock-based compensation: Ìý Ìý Ìý Ìý
Selling, general and administrative 79 68 223 192
Depreciation and amortization 86 89 254 272
Total operating costs and expenses 780 651 1,817 1,687
Operating income (loss) 107 64 175 132
Other income (expense): Ìý Ìý Ìý Ìý
Interest expense (56) (41) (161) (100)
Share of earnings (losses) of affiliates, net 2 1 (1) Ìý
Realized and unrealized gains (losses) on financial instruments, net 66 24 83 100
Unrealized gains/( loss) on inter-group interests 16 47 15 26
Other, net 14 7 48 29
Total other income (expense) 42 38 (16) 55
Earnings (loss) before income taxes 149 102 159 187
Income tax benefit (expense) (31) 8 (35) Ìý
Net earnings (loss) 118 110 124 187
Less net earnings (loss) attributable to the noncontrolling interests Ìý 5 (1) 16
Less net earnings (loss) attributable to redeemable noncontrolling interest Ìý (3) Ìý (13)
Net earnings (loss) attributable to Â鶹app stockholders 118 108 125 184
Â鶹app Live Group Ìý Ìý Ìý Ìý
Operating costs and expenses, including stock-based compensation: Ìý Ìý Ìý Ìý
Selling, general and administrative 5 Ìý 5 Ìý
Total operating costs and expenses 5 Ìý 5 Ìý
Operating income (loss) (5) Ìý (5) Ìý
Other income (expense): Ìý Ìý Ìý Ìý
Interest expense (2) Ìý (2) Ìý
Share of earnings (losses) of affiliates, net 90 Ìý 90 Ìý
Realized and unrealized gains (losses) on financial instruments, net (72) Ìý (72) Ìý
Other, net (35) Ìý (35) Ìý
Total other income (expense) (19) Ìý (19) Ìý
Earnings (loss) before income taxes (24) Ìý (24) Ìý
Income tax benefit (expense) 5 Ìý 5 Ìý
Net earnings (loss) (19) Ìý (19) Ìý
Net earnings (loss) attributable to Â鶹app stockholders (19) Ìý (19) Ìý
Braves Group Ìý Ìý Ìý Ìý
Revenue: Ìý Ìý Ìý Ìý
Total revenue 49 252 350 535
Operating costs and expenses, including stock-based compensation: Ìý Ìý Ìý Ìý
Other operating expense 38 184 274 382
Selling, general and administrative 9 33 69 88
Impairment, restructuring and acquisition costs, net of recoveries Ìý 5 1 5
Depreciation and amortization 3 22 37 57
Total operating costs and expenses 50 244 381 532
Operating income (loss) (1) 8 (31) 3
Other income (expense): Ìý Ìý Ìý Ìý
Interest expense (3) (8) (21) (20)
Share of earnings (losses) of affiliates, net 1 6 12 18
Realized and unrealized gains (losses) on financial instruments, net Ìý 6 3 12
Unrealized gains/( loss) on inter-group interests (20) (31) (83) 5
Other, net 1 Ìý 5 21
Total other income (expense) (21) (27) (84) 36
Earnings (loss) before income taxes (22) (19) (115) 39
Income tax benefit (expense) 1 (3) 6 (10)
Net earnings (loss) (21) (22) (109) 29
Net earnings (loss) attributable to Â鶹app stockholders (21) (22) (109) 29
Sirius XM Holdings Revenue Ìý Ìý Ìý Ìý
Revenue: Ìý Ìý Ìý Ìý
Total revenue 2,271 2,280 6,665 6,720
Sirius XM Holdings Revenue | Â鶹app SiriusXM Group Ìý Ìý Ìý Ìý
Revenue: Ìý Ìý Ìý Ìý
Total revenue 2,271 2,280 6,665 6,720
Revenue share and royalties Ìý Ìý Ìý Ìý
Operating costs and expenses, including stock-based compensation: Ìý Ìý Ìý Ìý
Cost of services 730 709 2,162 2,090
Revenue share and royalties | Â鶹app SiriusXM Group Ìý Ìý Ìý Ìý
Operating costs and expenses, including stock-based compensation: Ìý Ìý Ìý Ìý
Cost of services 730 709 2,162 2,090
Programming and content Ìý Ìý Ìý Ìý
Operating costs and expenses, including stock-based compensation: Ìý Ìý Ìý Ìý
Cost of services 153 156 456 448
Programming and content | Â鶹app SiriusXM Group Ìý Ìý Ìý Ìý
Operating costs and expenses, including stock-based compensation: Ìý Ìý Ìý Ìý
Cost of services 153 156 456 448
Customer service and billing Ìý Ìý Ìý Ìý
Operating costs and expenses, including stock-based compensation: Ìý Ìý Ìý Ìý
Cost of services 117 122 363 373
Customer service and billing | Â鶹app SiriusXM Group Ìý Ìý Ìý Ìý
Operating costs and expenses, including stock-based compensation: Ìý Ìý Ìý Ìý
Cost of services 117 122 363 373
Other cost of subscriber services Ìý Ìý Ìý Ìý
Operating costs and expenses, including stock-based compensation: Ìý Ìý Ìý Ìý
Cost of services 57 54 163 166
Other cost of subscriber services | Â鶹app SiriusXM Group Ìý Ìý Ìý Ìý
Operating costs and expenses, including stock-based compensation: Ìý Ìý Ìý Ìý
Cost of services 57 54 163 166
Formula 1 Ìý Ìý Ìý Ìý
Revenue: Ìý Ìý Ìý Ìý
Total revenue 887 715 1,992 1,819
Operating costs and expenses, including stock-based compensation: Ìý Ìý Ìý Ìý
Cost of services 615 494 1,340 1,223
Formula 1 | Formula One Group Ìý Ìý Ìý Ìý
Revenue: Ìý Ìý Ìý Ìý
Total revenue 887 715 1,992 1,819
Operating costs and expenses, including stock-based compensation: Ìý Ìý Ìý Ìý
Cost of services 615 494 1,340 1,223
Other Ìý Ìý Ìý Ìý
Revenue: Ìý Ìý Ìý Ìý
Total revenue 49 252 350 535
Other | Braves Group Ìý Ìý Ìý Ìý
Revenue: Ìý Ìý Ìý Ìý
Total revenue $ 49 $ 252 $ 350 $ 535