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

Three months ended

March 31,

    

2022

    

2021

 

amounts in millions

Liberty SiriusXM Group

 

Sirius XM Holdings:

Subscriber

$

1,713

1,611

Advertising

 

383

354

Equipment

53

57

Other

37

36

Total Liberty SiriusXM Group

2,186

2,058

Braves Group

 

 

Corporate and other:

 

 

Baseball

 

11

 

7

Development

 

12

 

9

Total Braves Group

23

16

Formula One Group

Formula 1:

Primary

287

159

Other

73

21

Total Formula One Group

360

180

Consolidated Liberty

$

2,569

2,254

Adjusted OIBDA by segment

Three months ended

March 31,

    

2022

    

2021

 

amounts in millions

Liberty SiriusXM Group

Sirius XM Holdings

$

690

 

682

Live Nation

209

(152)

Corporate and other

 

(5)

 

(5)

894

525

Eliminate equity method affiliate

(209)

152

Total Liberty SiriusXM Group

 

685

 

677

Braves Group

Corporate and other

 

(19)

 

(22)

Total Braves Group

 

(19)

 

(22)

Formula One Group

 

Formula 1

 

122

 

66

Corporate and other

(10)

(7)

Total Formula One Group

112

59

Consolidated Liberty

$

778

 

714

Other Information By Segment

March 31, 2022

    

Total

    

Investments

    

Capital

 

assets

in affiliates

expenditures

amounts in millions

Liberty SiriusXM Group

Sirius XM Holdings

$

29,690

 

734

 

97

Live Nation

16,007

318

46

Corporate and other

1,946

72

47,643

1,124

143

Eliminate equity method affiliate

(16,007)

(318)

(46)

Total Liberty SiriusXM Group

31,636

806

97

Braves Group

Corporate and other

1,663

114

4

Total Braves Group

1,663

114

4

Formula One Group

Formula 1

9,056

5

Corporate and other

 

2,797

 

27

 

5

Total Formula One Group

11,853

27

10

Elimination (1)

(633)

Consolidated Liberty

$

44,519

 

947

 

111

(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)

Three months ended

March 31,

    

2022

    

2021

 

amounts in millions

Adjusted OIBDA

$

778

 

714

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

(245)

Stock-based compensation

 

(55)

 

(63)

Depreciation and amortization

 

(260)

 

(264)

Operating income (loss)

463

142

Interest expense

 

(157)

 

(158)

Share of earnings (losses) of affiliates, net

 

(14)

 

(95)

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

 

59

 

(49)

Other, net

 

45

 

15

Earnings (loss) before income taxes

$

396

 

(145)