Quarterly report pursuant to Section 13 or 15(d)

Information About Liberty's Operating Segments (Tables)

v3.22.1
Information About Liberty's Operating Segments (Tables)
3 Months Ended
Mar. 31, 2022
Information About Liberty's Operating Segments  
Schedule of revenue disaggregated by source

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Three months ended

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March 31,

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2022

    

2021

 

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amounts in millions

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Liberty SiriusXM Group

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​

​

 

​

​

Sirius XM Holdings:

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​

​

​

​

​

Subscriber

​

$

1,713

​

1,611

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Advertising

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383

​

354

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Equipment

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​

53

​

57

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Other

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​

37

​

36

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Total Liberty SiriusXM Group

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2,186

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2,058

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Braves Group

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​

 

​

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Corporate and other:

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​

 

​

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Baseball

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11

 

7

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Development

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12

 

9

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Total Braves Group

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23

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16

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Formula One Group

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Formula 1:

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Primary

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287

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159

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Other

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​

73

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21

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Total Formula One Group

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​

360

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180

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Consolidated Liberty

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$

2,569

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2,254

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Adjusted OIBDA by segment

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Three months ended

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March 31,

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2022

    

2021

 

​

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amounts in millions

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Liberty SiriusXM Group

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​

​

​

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Sirius XM Holdings

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$

690

 

682

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Live Nation

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​

209

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(152)

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Corporate and other

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(5)

 

(5)

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​

894

​

525

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Eliminate equity method affiliate

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(209)

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152

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Total Liberty SiriusXM Group

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685

 

677

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Braves Group

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Corporate and other

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(19)

 

(22)

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Total Braves Group

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(19)

 

(22)

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Formula One Group

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Formula 1

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122

 

66

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Corporate and other

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(10)

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(7)

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Total Formula One Group

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​

112

​

59

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Consolidated Liberty

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$

778

 

714

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Other Information By Segment

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March 31, 2022

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Total

    

Investments

    

Capital

 

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assets

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in affiliates

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expenditures

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amounts in millions

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Liberty SiriusXM Group

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​

​

​

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Sirius XM Holdings

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$

29,690

 

734

 

97

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Live Nation

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​

16,007

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318

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46

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Corporate and other

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​

1,946

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72

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—

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​

47,643

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1,124

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143

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Eliminate equity method affiliate

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(16,007)

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(318)

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(46)

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Total Liberty SiriusXM Group

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31,636

​

806

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97

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Braves Group

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​

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Corporate and other

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​

1,663

​

114

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4

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Total Braves Group

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1,663

​

114

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4

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Formula One Group

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​

​

​

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Formula 1

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​

9,056

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—

​

5

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Corporate and other

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2,797

 

27

 

5

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Total Formula One Group

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11,853

​

27

​

10

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Elimination (1)

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(633)

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—

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—

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Consolidated Liberty

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$

44,519

 

947

 

111

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(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. See note 2 for information regarding the intergroup interests. 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)

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Three months ended

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March 31,

​

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2022

    

2021

 

​

​

amounts in millions

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Adjusted OIBDA

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$

778

 

714

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Impairment, restructuring and acquisition costs, net of recoveries (note 10)

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—

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(245)

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Stock-based compensation

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(55)

 

(63)

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Depreciation and amortization

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(260)

 

(264)

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Operating income (loss)

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​

463

​

142

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Interest expense

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(157)

 

(158)

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Share of earnings (losses) of affiliates, net

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(14)

 

(95)

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

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59

 

(49)

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Other, net

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45

 

15

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Earnings (loss) before income taxes

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$

396

 

(145)

​