Stock-Based Compensation (Tables)
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6 Months Ended |
Jun. 30, 2023 |
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| Schedule of Stock-Based Compensation Allocation of Expense |
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Three months ended |
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Six months ended |
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June 30, |
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June 30, |
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ÌýÌýÌýÌý |
2023 |
ÌýÌýÌýÌý |
2022 |
ÌýÌýÌýÌý |
2023 |
ÌýÌýÌýÌý |
2022 |
Ìý |
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amountsÌýinÌýmillions |
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Cost of Sirius XM Holdings services: |
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Programming and content |
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$ |
8 |
Ìý |
8 |
Ìý |
15 |
Ìý |
16 |
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Customer service and billing |
​ |
Ìý |
2 |
Ìý |
2 |
Ìý |
3 |
Ìý |
3 |
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Other |
​ |
Ìý |
1 |
Ìý |
2 |
Ìý |
2 |
Ìý |
3 |
​ |
Other operating expense |
​ |
Ìý |
11 |
Ìý |
9 |
Ìý |
22 |
Ìý |
17 |
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Selling, general and administrative |
​ |
Ìý |
32 |
Ìý |
36 |
Ìý |
68 |
Ìý |
73 |
​ |
​ |
​ |
$ |
54 |
Ìý |
57 |
Ìý |
110 |
Ìý |
112 |
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| Schedule of options granted and weighted average grant date fair value |
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Six Months Ended |
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June 30, 2023 |
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Options |
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Weighted |
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granted |
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average |
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(000's) |
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GDFV |
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Series C èßäÉçÇø SiriusXM common stock, èßäÉçÇø employees and directors (1) |
19 |
​ |
$ |
8.98 |
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SeriesÌýC èßäÉçÇø SiriusXM common stock, èßäÉçÇø CEO (2) |
370 |
​ |
$ |
10.34 |
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SeriesÌýC èßäÉçÇø Formula One common stock, èßäÉçÇø employees and directors (1) |
8 |
​ |
$ |
28.17 |
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SeriesÌýC èßäÉçÇø Formula One common stock, Formula 1 employees (3) |
71 |
​ |
$ |
30.70 |
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Series C èßäÉçÇø Braves common stock, èßäÉçÇø employees and directors (1) |
3 |
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$ |
14.24 |
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(1) |
Grants vest between two and three years.
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(2) |
Grant cliff vests on December 29, 2023. Grant was made in connection with the CEO’s employment agreement. |
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(3) |
Grant vests in equal quarterly installments over 2023. |
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| èßäÉçÇø SiriusXM Group |
Ìý
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| Schedule Of Outstanding Options To Purchase èßäÉçÇø Common Stock |
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SeriesÌýC |
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ÌýÌýÌýÌý |
ÌýÌýÌýÌý |
ÌýÌýÌýÌý |
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ÌýÌýÌýÌý |
Weighted |
ÌýÌýÌýÌý |
Aggregate |
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average |
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intrinsic |
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èßäÉçÇø |
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remaining |
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value |
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optionsÌý(000's) |
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WAEP |
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life |
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(millions) |
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Outstanding at JanuaryÌý1, 2023 |
Ìý |
6,862 |
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$ |
39.83 |
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Granted |
Ìý |
389 |
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$ |
31.03 |
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Exercised |
Ìý |
(213) |
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$ |
32.61 |
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Forfeited/Cancelled |
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(1,242) |
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$ |
31.30 |
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Outstanding at June 30, 2023 |
Ìý |
5,796 |
​ |
$ |
41.34 |
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3.3 |
years |
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$ |
1 |
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Exercisable at June 30, 2023 |
Ìý |
3,467 |
​ |
$ |
40.62 |
Ìý |
2.5 |
years |
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$ |
— |
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| Braves Group |
Ìý
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| Schedule Of Outstanding Options To Purchase èßäÉçÇø Common Stock |
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SeriesÌýC |
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ÌýÌýÌýÌý |
ÌýÌýÌýÌý |
ÌýÌýÌýÌý |
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ÌýÌýÌýÌý |
Weighted |
ÌýÌýÌýÌý |
Aggregate |
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average |
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intrinsic |
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èßäÉçÇø |
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remaining |
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value |
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optionsÌý(000's) |
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WAEP |
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life |
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(millions) |
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Outstanding at JanuaryÌý1, 2023 |
Ìý |
3,108 |
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$ |
26.17 |
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Granted |
Ìý |
3 |
​ |
$ |
37.50 |
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Exercised |
Ìý |
(151) |
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$ |
18.42 |
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Forfeited/Cancelled |
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(4) |
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$ |
22.75 |
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Outstanding at June 30, 2023 |
Ìý |
2,956 |
​ |
$ |
26.59 |
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4.1 |
years |
​ |
$ |
39 |
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Exercisable at June 30, 2023 |
Ìý |
1,356 |
​ |
$ |
25.69 |
Ìý |
3.9 |
years |
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$ |
19 |
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| Formula One Group |
Ìý
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| Schedule Of Outstanding Options To Purchase èßäÉçÇø Common Stock |
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SeriesÌýC |
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ÌýÌýÌýÌý |
ÌýÌýÌýÌý |
ÌýÌýÌýÌý |
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ÌýÌýÌýÌý |
Weighted |
ÌýÌýÌýÌý |
Aggregate |
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average |
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intrinsic |
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èßäÉçÇø |
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