Â鶹app

Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.24.0.1
Consolidated Statements of Operations - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenue: Ìý Ìý Ìý
Total revenue $ 12,525 $ 12,164 $ 11,400
Operating costs and expenses, including stock-based compensation: Ìý Ìý Ìý
Subscriber acquisition costs 359 352 325
Other operating expense 596 719 642
Selling, general and administrative 1,930 2,031 1,907
Depreciation and amortization 1,030 1,044 1,072
Impairment, restructuring and acquisition costs, net of recoveries 67 74 20
Litigation settlements, net of recoveries 31 Ìý Ìý
Total operating costs and expenses 10,462 10,100 9,423
Operating income (loss) 2,063 2,064 1,977
Other income (expense): Ìý Ìý Ìý
Interest expense (782) (689) (642)
Share of earnings (losses) of affiliates, net 138 99 (200)
Realized and unrealized gains (losses) on financial instruments, net (323) 599 (451)
Gains (losses) on dilution of investment in affiliate (4) 10 152
Other, net 93 110 (47)
Total other income (expense) (878) 129 (1,188)
Earnings (loss) before income taxes 1,185 2,193 789
Income tax (expense) benefit (223) (164) (45)
Net earnings (loss) 962 2,029 744
Less net earnings (loss) attributable to the noncontrolling interests 201 227 292
Less net earnings (loss) attributable to redeemable noncontrolling interest Ìý (13) 54
Net earnings (loss) attributable to Â鶹app stockholders 761 1,815 398
Â鶹app SiriusXM Group Ìý Ìý Ìý
Other income (expense): Ìý Ìý Ìý
Net earnings (loss) attributable to Â鶹app stockholders $ 829 $ 1,292 $ 599
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 $ 2.54 $ 3.94 $ 1.79
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 $ 2.42 $ 3.66 $ 1.78
Formula One Group Ìý Ìý Ìý
Other income (expense): Ìý Ìý Ìý
Net earnings (loss) attributable to Â鶹app stockholders $ 185 $ 558 $ (190)
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 $ 0.79 $ 2.39 $ (0.82)
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 $ 0.62 $ 2.15 $ (0.82)
Â鶹app Live Group Ìý Ìý Ìý
Other income (expense): Ìý Ìý Ìý
Net earnings (loss) attributable to Â鶹app stockholders $ (142) Ìý Ìý
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 $ (1.54) Ìý Ìý
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 $ (1.54) Ìý Ìý
Braves Group Ìý Ìý Ìý
Other income (expense): Ìý Ìý Ìý
Net earnings (loss) attributable to Â鶹app stockholders $ (111) $ (35) $ (11)
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 $ (2.09) $ (0.66) $ (0.21)
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 $ (2.09) $ (0.66) $ (0.21)
Sirius XM Holdings Revenue Ìý Ìý Ìý
Revenue: Ìý Ìý Ìý
Total revenue $ 8,953 $ 9,003 $ 8,696
Revenue share and royalties Ìý Ìý Ìý
Operating costs and expenses, including stock-based compensation: Ìý Ìý Ìý
Cost of services 2,895 2,802 2,672
Programming and content Ìý Ìý Ìý
Operating costs and expenses, including stock-based compensation: Ìý Ìý Ìý
Cost of services 618 604 559
Customer service and billing Ìý Ìý Ìý
Operating costs and expenses, including stock-based compensation: Ìý Ìý Ìý
Cost of services 476 497 501
Other cost of subscriber services Ìý Ìý Ìý
Operating costs and expenses, including stock-based compensation: Ìý Ìý Ìý
Cost of services 220 227 236
Formula 1 Ìý Ìý Ìý
Revenue: Ìý Ìý Ìý
Total revenue 3,222 2,573 2,136
Operating costs and expenses, including stock-based compensation: Ìý Ìý Ìý
Cost of services 2,240 1,750 1,489
Other Ìý Ìý Ìý
Revenue: Ìý Ìý Ìý
Total revenue $ 350 $ 588 $ 568