Information About èßäÉçÇø's Operating Segments (Tables)
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3 Months Ended |
Mar. 31, 2023 |
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| Information About èßäÉçÇø's Operating Segments |
Ìý
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| 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 |
2023 |
ÌýÌýÌýÌý |
2022 |
Ìý |
|
​ |
​ |
amountsÌýinÌýmillions |
​ |
èßäÉçÇø SiriusXM Group |
​ |
​ |
​ |
Ìý |
​ |
​ |
Sirius XM Holdings: |
​ |
​ |
​ |
​ |
​ |
​ |
Subscriber |
​ |
$ |
1,691 |
​ |
1,713 |
​ |
Advertising |
​ |
Ìý |
375 |
​ |
383 |
​ |
Equipment |
​ |
​ |
46 |
​ |
53 |
​ |
Other |
​ |
​ |
32 |
​ |
37 |
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Total èßäÉçÇø SiriusXM Group |
​ |
​ |
2,144 |
​ |
2,186 |
​ |
Braves Group |
​ |
Ìý |
​ |
Ìý |
​ |
​ |
Corporate and other: |
​ |
Ìý |
​ |
Ìý |
​ |
​ |
Baseball |
​ |
Ìý |
18 |
Ìý |
11 |
​ |
Mixed-Use Development |
​ |
Ìý |
13 |
Ìý |
12 |
​ |
Total Braves Group |
​ |
​ |
31 |
​ |
23 |
​ |
Formula One Group |
​ |
​ |
​ |
​ |
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Formula 1: |
​ |
​ |
​ |
​ |
​ |
​ |
Primary |
​ |
​ |
314 |
​ |
287 |
​ |
Other |
​ |
​ |
67 |
​ |
73 |
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Total Formula One Group |
​ |
​ |
381 |
​ |
360 |
​ |
Consolidated èßäÉçÇø |
​ |
$ |
2,556 |
​ |
2,569 |
​ |
|
| Adjusted OIBDA by segment |
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|
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Three months ended |
​ |
​ |
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March 31, |
​ |
​ |
ÌýÌýÌýÌý |
2023 |
ÌýÌýÌýÌý |
2022 |
Ìý |
|
​ |
​ |
amountsÌýinÌýmillions |
​ |
èßäÉçÇø SiriusXM Group |
​ |
​ |
​ |
​ |
​ |
​ |
Sirius XM Holdings |
​ |
$ |
625 |
Ìý |
690 |
​ |
Corporate and other |
​ |
Ìý |
(11) |
Ìý |
(5) |
​ |
Total èßäÉçÇø SiriusXM Group |
​ |
Ìý |
614 |
Ìý |
685 |
​ |
Braves Group |
​ |
​ |
​ |
​ |
​ |
​ |
Corporate and other |
​ |
Ìý |
(31) |
Ìý |
(19) |
​ |
Total Braves Group |
​ |
Ìý |
(31) |
Ìý |
(19) |
​ |
Formula One Group |
​ |
Ìý |
​ |
​ |
​ |
​ |
Formula 1 |
​ |
Ìý |
117 |
Ìý |
122 |
​ |
Corporate and other |
​ |
​ |
(12) |
​ |
(10) |
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Total Formula One Group |
​ |
​ |
105 |
​ |
112 |
​ |
Consolidated èßäÉçÇø |
​ |
$ |
688 |
Ìý |
778 |
​ |
​
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| Other Information By Segment |
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March 31, 2023 |
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ÌýÌýÌýÌý |
Total |
ÌýÌýÌýÌý |
Investments |
ÌýÌýÌýÌý |
Capital |
Ìý |
​ |
​ |
assets |
​ |
inÌýaffiliates |
​ |
expenditures |
​ |
|
​ |
​ |
amountsÌýinÌýmillions |
​ |
èßäÉçÇø SiriusXM Group |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Sirius XM Holdings |
​ |
$ |
29,501 |
Ìý |
696 |
Ìý |
205 |
​ |
Corporate and other |
​ |
​ |
702 |
​ |
166 |
​ |
— |
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Total èßäÉçÇø SiriusXM Group |
​ |
​ |
30,203 |
​ |
862 |
​ |
205 |
​ |
Braves Group |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Corporate and other |
​ |
​ |
1,518 |
​ |
94 |
​ |
14 |
​ |
Total Braves Group |
​ |
​ |
1,518 |
​ |
94 |
​ |
14 |
​ |
Formula One Group |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Formula 1 |
​ |
​ |
9,210 |
​ |
— |
​ |
9 |
​ |
Corporate and other |
​ |
Ìý |
1,768 |
Ìý |
37 |
Ìý |
53 |
​ |
Total Formula One Group |
​ |
​ |
10,978 |
​ |
37 |
​ |
62 |
​ |
Elimination (1) |
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​ |
(366) |
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— |
​ |
— |
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Consolidated èßäÉçÇø |
​ |
$ |
42,333 |
Ìý |
993 |
Ìý |
281 |
​ |
|
(1) |
This amount is primarily comprised of the intergroup interests in the Braves Group held by the Formula One Group and the èßäÉçÇø SiriusXM Group and the intergroup interest in the Formula One Group held by the èßäÉçÇø SiriusXM Group. See note 2 for information regarding the intergroup interests. The Braves Group intergroup interests attributable to the Formula One Group and the èßäÉçÇø SiriusXM Group are presented as assets of the Formula One Group and èßäÉçÇø 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 èßäÉçÇø SiriusXM Group is presented as an asset of the èßäÉçÇø 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. |
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| Reconciliation of Adjusted OIBDA to operating income (loss) and earnings (loss) |
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Three months ended |
​ |
​ |
​ |
March 31, |
​ |
​ |
ÌýÌýÌýÌý |
2023 |
ÌýÌýÌýÌý |
2022 |
Ìý |
|
​ |
​ |
amountsÌýinÌýmillions |
​ |
Adjusted OIBDA |
​ |
$ |
688 |
Ìý |
778 |
​ |
Impairment, restructuring and acquisition costs, net of recoveries (note 8) |
​ |
​ |
(32) |
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— |
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Stock-based compensation |
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