Quarterly report pursuant to Section 13 or 15(d)

Information About Liberty's Operating Segments (Tables)

v3.21.2
Information About Liberty's Operating Segments (Tables)
6 Months Ended
Jun. 30, 2021
Information About Liberty's Operating Segments  
Schedule of revenue disaggregated by source

Three months ended

Six months ended

June 30,

June 30,

    

2021

    

2020

    

2021

    

2020

 

amounts in millions

Liberty SiriusXM Group

 

 

 

Sirius XM Holdings:

Subscriber

$

1,641

1,578

3,252

 

3,163

Advertising

 

429

236

783

 

521

Equipment

51

25

108

66

Other

38

35

74

76

Total Liberty SiriusXM Group

2,159

1,874

4,217

3,826

Braves Group

 

 

 

 

Corporate and other:

 

 

 

 

Baseball

 

204

 

5

 

211

 

17

Development

 

12

 

6

 

21

 

16

Total Braves Group

216

11

232

33

Formula One Group

Formula 1:

Primary

464

15

623

32

Other

37

9

58

31

Total Formula One Group

501

24

681

63

Consolidated Liberty

$

2,876

1,909

 

5,130

 

3,922

Adjusted OIBDA by segment

Three months ended

Six months ended

June 30,

June 30,

    

2021

    

2020

    

2021

    

2020

 

amounts in millions

Liberty SiriusXM Group

Sirius XM Holdings

$

699

 

615

 

1,381

 

1,254

Live Nation

10

(327)

(142)

(327)

Corporate and other

 

(2)

 

(12)

 

(7)

 

(19)

707

276

1,232

908

Eliminate equity method affiliate

(10)

327

142

327

Total Liberty SiriusXM Group

 

697

 

603

 

1,374

 

1,235

Braves Group

Corporate and other

 

53

 

(28)

 

31

 

(54)

Total Braves Group

 

53

 

(28)

 

31

 

(54)

Formula One Group

 

 

Formula 1

 

66

 

(16)

 

132

 

(48)

Live Nation

NA

(104)

NA

(125)

Corporate and other

(3)

(10)

(10)

(20)

63

(130)

122

(193)

Eliminate equity method affiliate

NA

104

NA

125

Total Formula One Group

63

(26)

122

(68)

Consolidated Liberty

$

813

 

549

 

1,527

 

1,113

Other Information By Segment

June 30, 2021

    

Total

    

Investments

    

Capital

 

assets

in affiliates

expenditures

amounts in millions

Liberty SiriusXM Group

Sirius XM Holdings

$

30,868

 

746

 

164

Live Nation

12,246

208

55

Corporate and other

1,672

44,786

954

219

Eliminate equity method affiliate

(12,246)

(208)

(55)

Total Liberty SiriusXM Group

32,540

746

164

Braves Group

Corporate and other

1,605

102

19

Total Braves Group

1,605

102

19

Formula One Group

Formula 1

8,920

7

Corporate and other

 

3,109

 

33

 

Total Formula One Group

12,029

33

7

Elimination (1)

(520)

Consolidated Liberty

$

45,654

 

881

 

190

(1) This amount is primarily comprised of the intergroup interests in the Braves Group held by the Formula One Group and the Liberty SiriusXM Group and the intergroup interest in the Formula One Group held by the Liberty SiriusXM Group. The Braves Group intergroup interests attributable to the Formula One Group and the Liberty SiriusXM Group are presented as assets of the Formula One Group and Liberty 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 Liberty SiriusXM Group is presented as an asset of the Liberty 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)

Three months ended

Six months ended

June 30,

June 30,

    

2021

    

2020

    

2021

    

2020

 

amounts in millions

Adjusted OIBDA

$

813

 

549

 

1,527

 

1,113

Impairment, restructuring and acquisition costs (note 10)

137

(24)

(108)

(24)

Legal reserves

16

Stock-based compensation

 

(60)

 

(45)

 

(123)

 

(112)

Depreciation and amortization

 

(268)

 

(266)

 

(532)

 

(533)

Operating income (loss)

622

214

764

460

Interest expense

 

(158)

 

(163)

 

(316)

 

(327)

Share of earnings (losses) of affiliates, net

 

(48)

 

(193)

 

(143)

 

(255)

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

 

155

 

(180)

 

106

 

(179)

Other, net

 

13

 

14

 

28

 

31

Earnings (loss) before income taxes

$

584

 

(308)

 

439

 

(270)