СÀ¶ÊÓÆµ

Quarterly report pursuant to Section 13 or 15(d)

Information About СÀ¶ÊÓÆµ's Operating Segments (Tables)

v3.21.1
Information About СÀ¶ÊÓÆµ's Operating Segments (Tables)
3 Months Ended
Mar. 31, 2021
Information About СÀ¶ÊÓÆµ's Operating Segments Ìý
Schedule of revenue disaggregated by source

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Three months ended

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​

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March 31,

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ÌýÌýÌýÌý

2021

ÌýÌýÌýÌý

2020

Ìý

​

​

amountsÌýinÌýmillions

​

СÀ¶ÊÓÆµ SiriusXM Group

​

​

​

Ìý

​

​

Sirius XM Holdings:

​

​

​

​

​

​

Subscriber

​

$

1,611

​

1,585

​

Advertising

​

Ìý

354

​

285

​

Equipment

​

​

57

​

41

​

Other

​

​

36

​

41

​

Total СÀ¶ÊÓÆµ SiriusXM Group

​

​

2,058

​

1,952

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Braves Group

​

Ìý

​

Ìý

​

​

Corporate and other:

​

Ìý

​

Ìý

​

​

Baseball

​

Ìý

7

Ìý

12

​

Development

​

Ìý

9

Ìý

10

​

Total Braves Group

​

​

16

​

22

​

Formula One Group

​

​

​

​

​

​

Formula 1:

​

​

​

​

​

​

Primary

​

​

159

​

17

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Other

​

​

21

​

22

​

Total Formula One Group

​

​

180

​

39

​

Consolidated СÀ¶ÊÓÆµ

​

$

2,254

​

2,013

​

Adjusted OIBDA by segment

​

​

​

​

​

​

​

​

​

Three months ended

​

​

​

March 31,

​

​

ÌýÌýÌýÌý

2021

ÌýÌýÌýÌý

2020

Ìý

​

​

amountsÌýinÌýmillions

​

СÀ¶ÊÓÆµ SiriusXM Group

​

​

​

​

​

​

Sirius XM Holdings

​

$

682

Ìý

639

​

Live Nation

​

​

(152)

​

NA

​

Corporate and other

​

Ìý

(5)

Ìý

(7)

​

​

​

​

525

​

632

​

Eliminate equity method affiliate

​

​

152

​

NA

​

Total СÀ¶ÊÓÆµ SiriusXM Group

​

Ìý

677

Ìý

632

​

Braves Group

​

​

​

​

​

​

Corporate and other

​

Ìý

(22)

Ìý

(26)

​

Total Braves Group

​

Ìý

(22)

Ìý

(26)

​

Formula One Group

​

Ìý

​

​

​

​

Formula 1

​

Ìý

66

Ìý

(32)

​

Live Nation

​

​

NA

​

(21)

​

Corporate and other

​

​

(7)

​

(10)

​

​

​

​

59

​

(63)

​

Eliminate equity method affiliate

​

​

NA

​

21

​

Total Formula One Group

​

​

59

​

(42)

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Consolidated СÀ¶ÊÓÆµ

​

$

714

Ìý

564

​

Other Information By Segment

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​

​

​

​

​

​

​

​

​

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March 31, 2021

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​

ÌýÌýÌýÌý

Total

ÌýÌýÌýÌý

Investments

ÌýÌýÌýÌý

Capital

Ìý

​

​

assets

​

inÌýaffiliates

​

expenditures

​

​

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amountsÌýinÌýmillions

​

СÀ¶ÊÓÆµ SiriusXM Group

​

​

​

​

​

​

​

​

Sirius XM Holdings

​

$

29,668

Ìý

731

Ìý

78

​

Live Nation

​

​

10,920

​

163

​

19

​

Corporate and other

​

​

2,106

​

60

​

—

​

​

​

​

42,694

​

954

​

97

​

Eliminate equity method affiliate

​

​

(10,920)

​

(163)

​

(19)

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Total СÀ¶ÊÓÆµ SiriusXM Group

​

​

31,774

​

791

​

78

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Braves Group

​

​

​

​

​

​

​

​

Corporate and other

​

​

1,572

​

97

​

10

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Total Braves Group

​

​

1,572

​

97

​

10

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Formula One Group

​

​

​

​

​

​

​

​

Formula 1

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​

8,808

​

—

​

3

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Corporate and other

​

Ìý

3,193

Ìý

55

Ìý

—

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Total Formula One Group

​

​

12,001

​

55

​

3

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Elimination (1)

​

​

(882)

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—

​

—

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Consolidated СÀ¶ÊÓÆµ

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$

44,465

Ìý

943

Ìý

91

​

(1) This amount is primarily comprised of the call spread between the Formula One Group and the СÀ¶ÊÓÆµ SiriusXM Group with respect to the Live Nation shares that were reattributed to the СÀ¶ÊÓÆµ SiriusXM Group and the intergroup interests in the Braves Group held by the Formula One Group and the СÀ¶ÊÓÆµ SiriusXM Group and the intergroup interest in the Formula One Group held by the СÀ¶ÊÓÆµ SiriusXM Group. The Braves Group intergroup interests attributable to the Formula One Group and the СÀ¶ÊÓÆµ SiriusXM Group are presented as assets of the Formula One Group and СÀ¶ÊÓÆµ SiriusXM Group, respectively, and are presented as liabilities of the Braves Group in the attributed financial statements. The Formula One Group intergroup interest attributable to the СÀ¶ÊÓÆµ SiriusXM Group is presented as an asset of the СÀ¶ÊÓÆµ SiriusXM Group and is presented as a liability of the Formula One Group in the attributed financial statements. The offsetting amounts between tracking stock groups are eliminated in consolidation.
Reconciliation of Adjusted OIBDA to operating income (loss) and earnings (loss)

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​

​

​

​

​

​

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Three months ended

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​

​

March 31,

​

​

ÌýÌýÌýÌý

2021

ÌýÌýÌýÌý

2020

Ìý

​

​

amountsÌýinÌýmillions

​

Adjusted OIBDA

​

$

714

Ìý

564

​

Impairment, restructuring and acquisition costs (note 10)

​

​

(245)

​

—

​

Legal reserves

​

​

—

​

16

​

Stock-based compensation

​

Ìý

(63)

Ìý

(67)

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Depreciation and amortization

​

Ìý

(264)

Ìý

(267)

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Operating income (loss)

​

​

142

​

246

​

Interest expense

​

Ìý

(158)

Ìý

(164)

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Share of earnings (losses) of affiliates, net

​

Ìý

(95)

Ìý

(62)

​

Realized and unrealized gains (losses) on financial instruments, net

​

Ìý

(49)

Ìý

1

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Other, net

​

Ìý

15

Ìý

17

​

Earnings (loss) before income taxes

​

$

(145)

Ìý

38

​