Information About Â鶹app's Operating Segments (Tables)
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12 Months Ended |
Dec. 31, 2023 |
Information About Â鶹app's Operating Segments |
Ìý
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Performance Measures |
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YearsÌýendedÌýDecemberÌý31, |
Ìý |
​ |
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2023 |
​ |
2022 |
​ |
2021 |
Ìý |
​ |
ÌýÌýÌýÌý |
​ |
​ |
ÌýÌýÌýÌý |
Adjusted |
ÌýÌýÌýÌý |
​ |
ÌýÌýÌýÌý |
Adjusted |
ÌýÌýÌýÌý |
​ |
ÌýÌýÌýÌý |
Adjusted |
Ìý |
​ |
​ |
Revenue |
​ |
OIBDA |
​ |
Revenue |
​ |
OIBDA |
​ |
Revenue |
​ |
OIBDA |
Ìý |
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​ |
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amountsÌýinÌýmillions |
Ìý |
Â鶹app SiriusXM Group |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Sirius XM Holdings |
​ |
$ |
8,953 |
Ìý |
2,774 |
Ìý |
9,003 |
Ìý |
2,833 |
Ìý |
8,696 |
Ìý |
2,770 |
​ |
Live Nation |
​ |
​ |
11,475 |
​ |
1,188 |
​ |
16,681 |
​ |
1,407 |
​ |
6,268 |
​ |
324 |
​ |
Corporate and other |
​ |
​ |
— |
​ |
(42) |
​ |
— |
​ |
(26) |
​ |
— |
​ |
(15) |
​ |
Eliminate equity method affiliate |
​ |
​ |
(11,475) |
​ |
(1,188) |
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(16,681) |
​ |
(1,407) |
​ |
(6,268) |
​ |
(324) |
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Total Â鶹app SiriusXM Group |
​ |
​ |
8,953 |
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2,732 |
​ |
9,003 |
​ |
2,807 |
​ |
8,696 |
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2,755 |
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Formula One Group |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Formula 1 |
​ |
​ |
3,222 |
​ |
725 |
​ |
2,573 |
​ |
593 |
​ |
2,136 |
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495 |
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Corporate and other |
​ |
​ |
15 |
​ |
(39) |
​ |
— |
​ |
(42) |
​ |
— |
​ |
(29) |
​ |
Intergroup elimination |
​ |
​ |
(15) |
​ |
— |
​ |
— |
​ |
— |
​ |
— |
​ |
— |
​ |
Total Formula One Group |
​ |
​ |
3,222 |
​ |
686 |
​ |
2,573 |
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551 |
​ |
2,136 |
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466 |
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Â鶹app Live Group |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
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Live Nation |
​ |
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11,274 |
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674 |
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NA |
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NA |
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NA |
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NA |
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Corporate and other |
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— |
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(9) |
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NA |
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NA |
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NA |
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NA |
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Eliminate equity method affiliate |
​ |
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(11,274) |
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(674) |
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NA |
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NA |
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NA |
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NA |
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Total Â鶹app Live Group |
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— |
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(9) |
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NA |
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NA |
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NA |
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NA |
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Braves Group |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
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​ |
Corporate and other |
​ |
Ìý |
350 |
Ìý |
14 |
Ìý |
588 |
Ìý |
61 |
Ìý |
568 |
Ìý |
104 |
​ |
Total Braves Group |
​ |
​ |
350 |
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14 |
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588 |
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61 |
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568 |
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104 |
​ |
Total |
​ |
$ |
12,525 |
Ìý |
3,423 |
Ìý |
12,164 |
Ìý |
3,419 |
Ìý |
11,400 |
Ìý |
3,325 |
​ |
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Other Information By Segment |
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DecemberÌý31,Ìý2023 |
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DecemberÌý31,Ìý2022 |
Ìý |
​ |
ÌýÌýÌýÌý |
Total |
ÌýÌýÌýÌý |
Investments |
ÌýÌýÌýÌý |
Capital |
ÌýÌýÌýÌý |
Total |
ÌýÌýÌýÌý |
Investments |
ÌýÌýÌýÌý |
Capital |
Ìý |
​ |
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assets |
​ |
inÌýaffiliates |
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expenditures |
​ |
assets |
​ |
inÌýaffiliates |
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expenditures |
Ìý |
|
​ |
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amountsÌýinÌýmillions |
Ìý |
Â鶹app SiriusXM Group |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
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Sirius XM Holdings |
​ |
$ |
29,801 |
Ìý |
707 |
Ìý |
650 |
Ìý |
29,501 |
Ìý |
665 |
Ìý |
426 |
​ |
Live Nation |
​ |
​ |
NA |
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NA |
​ |
NA |
​ |
16,461 |
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409 |
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377 |
​ |
Corporate and other |
​ |
​ |
100 |
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8 |
​ |
— |
​ |
978 |
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158 |
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— |
​ |
Eliminate equity method affiliate |
​ |
​ |
NA |
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NA |
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NA |
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(16,461) |
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(409) |
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(377) |
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Total Â鶹app SiriusXM Group |
​ |
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29,901 |
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715 |
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650 |
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30,479 |
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823 |
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426 |
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Formula One Group |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
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Formula 1 |
​ |
​ |
9,057 |
Ìý |
2 |
Ìý |
112 |
​ |
8,980 |
Ìý |
— |
Ìý |
38 |
​ |
Corporate and other |
​ |
Ìý |
1,236 |
Ìý |
39 |
Ìý |
314 |
Ìý |
2,036 |
Ìý |
34 |
Ìý |
253 |
​ |
Intergroup elimination |
​ |
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(26) |
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— |
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— |
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— |
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— |
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— |
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Total Formula One Group |
​ |
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10,267 |
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41 |
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426 |
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11,016 |
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34 |
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291 |
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Â鶹app Live Group |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
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Live Nation |
​ |
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19,074 |
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447 |
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469 |
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NA |
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NA |
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NA |
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Corporate and other |
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1,162 |
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333 |
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— |
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NA |
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NA |
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NA |
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Eliminate equity method affiliate |
​ |
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(19,074) |
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(447) |
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(469) |
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NA |
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NA |
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NA |
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Total Â鶹app Live Group |
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1,162 |
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333 |
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— |
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NA |
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NA |
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NA |
​ |
Braves Group |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
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Corporate and other |
​ |
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NA |
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NA |
​ |
35 |
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1,477 |
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95 |
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18 |
​ |
Total Braves Group |
​ |
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NA |
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NA |
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35 |
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1,477 |
​ |
95 |
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18 |
​ |
Elimination (1) |
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(162) |
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— |
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— |
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(508) |
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— |
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— |
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Consolidated Â鶹app |
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$ |
41,168 |
Ìý |
1,089 |
Ìý |
1,111 |
Ìý |
42,464 |
Ìý |
952 |
Ìý |
735 |
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(1) |
As of December 31, 2022, this amount included the intergroup interests in the Braves Group previously held by the Formula One Group and the Â鶹app SiriusXM Group and the intergroup interest in the Formula One Group previously held by the Â鶹app SiriusXM Group, as discussed in note 2. The Braves Group intergroup interests attributable to the Formula One Group and the Â鶹app SiriusXM Group were presented as assets of the Formula One Group and Â鶹app SiriusXM Group, respectively, and were presented as liabilities of the Braves Group in the attributed financial statements. The Formula One Group intergroup interest attributable to the Â鶹app SiriusXM Group was presented as an asset of the Â鶹app SiriusXM Group and was presented as a liability of the Formula One Group in the attributed financial statements. The offsetting amounts between tracking stock groups were eliminated in consolidation.
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Reconciliation of Adjusted OIBDA to operating income (loss) and earnings (loss) |
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YearsÌýendedÌýDecemberÌý31, |
Ìý |
​ |
ÌýÌýÌýÌý |
2023 |
ÌýÌýÌýÌý |
2022 |
ÌýÌýÌýÌý |
2021 |
Ìý |
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amounts in millions |
Ìý |
Adjusted OIBDA |
​ |
$ |
3,423 |
Ìý |
3,419 |
Ìý |
3,325 |
​ |
Stock-based compensation |
​ |
Ìý |
(232) |
Ìý |
(237) |
Ìý |
(256) |
​ |
Depreciation and amortization |
​ |
Ìý |
(1,030) |
Ìý |
(1,044) |
Ìý |
(1,072) |
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Impairment, restructuring and acquisition costs, net of recoveries (notes 5 and 8) |
​ |
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(67) |
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(74) |
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(20) |
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Litigation settlements, net of recoveries (note 17) |
​ |
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(31) |
​ |
— |
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— |
​ |
Operating income (loss) |
​ |
​ |
2,063 |
​ |
2,064 |
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1,977 |
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Interest expense |
​ |
Ìý |
(782) |
Ìý |
(689) |
Ìý |
(642) |
​ |
Share of earnings (losses) of affiliates, net |
​ |
Ìý |
138 |
Ìý |
99 |
Ìý |
(200) |
​ |
Realized and unrealized gains (losses) on financial instruments, net |
​ |
Ìý |
(323) |
Ìý |
599 |
Ìý |
(451) |
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Gains (losses) on dilution of investment in affiliate |
​ |
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(4) |
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10 |
​ |
152 |
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Other, net |
​ |
Ìý |
93 |
Ìý |
110 |
Ìý |
(47) |
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Earnings (loss) before income taxes |
​ |
$ |
1,185 |
Ìý |
2,193 |
Ìý |
789 |
​ |
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Revenue by Geographic Area |
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YearsÌýendedÌýDecemberÌý31, |
Ìý |
​ |
ÌýÌýÌýÌý |
2023 |
ÌýÌýÌýÌý |
2022 |
ÌýÌýÌýÌý |
2021 |
Ìý |
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amountsÌýinÌýmillions |
Ìý |
United States |
​ |
$ |
9,199 |
Ìý |
9,480 |
Ìý |
9,163 |
​ |
United Kingdom |
​ |
Ìý |
3,222 |
Ìý |
2,573 |
Ìý |
2,136 |
​ |
Other |
​ |
​ |
104 |
​ |
111 |
​ |
101 |
​ |
​ |
​ |
$ |
12,525 |
Ìý |
12,164 |
Ìý |
11,400 |
​ |
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Long-lived Assets by Geographic Area |
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​ |
​ |
DecemberÌý31, |
Ìý |
​ |
ÌýÌýÌýÌý |
2023 |
ÌýÌýÌýÌý |
2022 |
Ìý |
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​ |
​ |
amountsÌýinÌýmillions |
Ìý |
United States |
​ |
$ |
2,001 |
Ìý |
2,208 |
​ |
United Kingdom |
​ |
Ìý |
82 |
Ìý |
47 |
​ |
​ |
​ |
$ |
2,083 |
Ìý |
2,255 |
​ |
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