| Schedule of balance sheet and income statement of discontinued operations |
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ÌýÌýÌýÌý |
December 31, 2023 |
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amountsÌýinÌýmillions |
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Assets |
​ |
​ |
​ |
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Current assets |
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$ |
1,361 |
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Investments in affiliates, accounted for using the equity method |
​ |
Ìý |
715 |
​ |
Property and equipment, net |
​ |
Ìý |
1,245 |
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Intangible assets not subject to amortization |
​ |
​ |
25,051 |
​ |
Intangible assets subject to amortization, net |
​ |
Ìý |
1,014 |
​ |
Other assets |
​ |
Ìý |
515 |
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Total assets |
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$ |
29,901 |
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​ |
​ |
​ |
​ |
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Liabilities |
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​ |
​ |
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Accounts payable and accrued liabilities |
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$ |
1,536 |
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Current portion of debt |
​ |
​ |
1,074 |
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Other current liabilities |
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Ìý |
1,266 |
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Long-term debt |
​ |
Ìý |
10,063 |
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Deferred income tax liabilities |
​ |
Ìý |
2,245 |
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Other liabilities |
​ |
Ìý |
526 |
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Total liabilities |
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$ |
16,710 |
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Years ended December 31, |
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ÌýÌýÌýÌý |
2024 |
ÌýÌýÌýÌý |
2023 |
ÌýÌýÌýÌý |
2022 |
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amountsÌýinÌýmillions |
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Revenue |
​ |
$ |
6,004 |
Ìý |
8,953 |
Ìý |
9,003 |
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Cost of Sirius XM Holdings services (exclusive of depreciation shown separately below) |
​ |
​ |
2,852 |
​ |
4,209 |
​ |
4,130 |
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Operating expense |
​ |
Ìý |
461 |
Ìý |
681 |
Ìý |
637 |
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Selling, general and administrative |
​ |
Ìý |
1,030 |
Ìý |
1,534 |
Ìý |
1,638 |
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Impairment, restructuring and acquisition costs |
​ |
​ |
3,339 |
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66 |
​ |
68 |
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Depreciation and amortization |
​ |
Ìý |
421 |
Ìý |
624 |
Ìý |
611 |
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Litigation settlements, net of recoveries |
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— |
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31 |
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— |
​ |
​ |
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Ìý |
8,103 |
Ìý |
7,145 |
Ìý |
7,084 |
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Operating income (loss) |
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Ìý |
(2,099) |
Ìý |
1,808 |
Ìý |
1,919 |
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Other income (expense): |
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​ |
​ |
​ |
​ |
​ |
​ |
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Interest expense |
​ |
Ìý |
(349) |
Ìý |
(534) |
Ìý |
(503) |
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Other, net |
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Ìý |
122 |
Ìý |
(64) |
Ìý |
70 |
​ |
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Ìý |
(227) |
Ìý |
(598) |
Ìý |
(433) |
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Earnings (loss) from discontinued operations before income taxes |
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Ìý |
(2,326) |
Ìý |
1,210 |
Ìý |
1,486 |
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Income tax (expense) benefit |
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Ìý |
(86) |
Ìý |
(224) |
Ìý |
(366) |
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Net earnings (loss) from discontinued operations |
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Ìý |
(2,412) |
Ìý |
986 |
Ìý |
1,120 |
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Less net earnings (loss) from discontinued operations attributable to the noncontrolling interests |
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Ìý |
(410) |
Ìý |
202 |
Ìý |
210 |
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Net earnings (loss) from discontinued operations attributable to Â鶹app stockholders |
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$ |
(2,002) |
Ìý |
784 |
Ìý |
910 |
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