Quarterly report pursuant to Section 13 or 15(d)

Information About Liberty's Operating Segments (Tables)

v3.22.2.2
Information About Liberty's Operating Segments (Tables)
9 Months Ended
Sep. 30, 2022
Information About Liberty's Operating Segments  
Schedule of revenue disaggregated by source

Three months ended

Nine months ended

September 30,

September 30,

    

2022

    

2021

    

2022

    

2021

 

amounts in millions

Liberty SiriusXM Group

 

 

 

Sirius XM Holdings:

Subscriber

$

1,734

1,666

5,166

 

4,918

Advertising

 

457

452

1,292

 

1,235

Equipment

50

41

148

149

Other

39

39

114

113

Total Liberty SiriusXM Group

2,280

2,198

6,720

6,415

Braves Group

 

 

 

 

Corporate and other:

 

 

 

 

Baseball

 

238

 

222

 

496

 

433

Development

 

14

 

12

 

39

 

33

Total Braves Group

252

234

535

466

Formula One Group

Formula 1:

Primary

624

612

1,539

1,235

Other

91

56

280

114

Total Formula One Group

715

668

1,819

1,349

Consolidated Liberty

$

3,247

3,100

 

9,074

 

8,230

Adjusted OIBDA by segment

Three months ended

Nine months ended

September 30,

September 30,

    

2022

    

2021

    

2022

    

2021

 

amounts in millions

Liberty SiriusXM Group

Sirius XM Holdings

$

722

 

720

 

2,091

 

2,101

Live Nation

621

306

1,309

164

Corporate and other

 

(9)

 

(5)

 

(18)

 

(12)

1,334

1,021

3,382

2,253

Eliminate equity method affiliate

(621)

(306)

(1,309)

(164)

Total Liberty SiriusXM Group

 

713

 

715

 

2,073

 

2,089

Braves Group

Corporate and other

 

38

 

55

 

74

 

86

Total Braves Group

 

38

 

55

 

74

 

86

Formula One Group

 

 

Formula 1

 

170

 

180

 

446

 

312

Corporate and other

(12)

(4)

(30)

(14)

Total Formula One Group

158

176

416

298

Consolidated Liberty

$

909

 

946

 

2,563

 

2,473

Other Information By Segment

September 30, 2022

    

Total

    

Investments

    

Capital

 

assets

in affiliates

expenditures

amounts in millions

Liberty SiriusXM Group

Sirius XM Holdings

$

29,515

 

673

 

279

Live Nation

15,787

356

176

Corporate and other

914

212

46,216

1,241

455

Eliminate equity method affiliate

(15,787)

(356)

(176)

Total Liberty SiriusXM Group

30,429

885

279

Braves Group

Corporate and other

1,534

114

13

Total Braves Group

1,534

114

13

Formula One Group

Formula 1

9,138

11

Corporate and other

 

2,593

 

29

 

252

Total Formula One Group

11,731

29

263

Elimination (1)

(459)

Consolidated Liberty

$

43,235

 

1,028

 

555

(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

Nine months ended

September 30,

September 30,

    

2022

    

2021

    

2022

    

2021

 

amounts in millions

Adjusted OIBDA

$

909

 

946

 

2,563

 

2,473

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

(74)

95

(75)

(13)

Stock-based compensation

 

(61)

 

(65)

 

(173)

 

(188)

Depreciation and amortization

 

(268)

 

(274)

 

(790)

 

(806)

Operating income (loss)

506

702

1,525

1,466

Interest expense

 

(179)

 

(168)

 

(497)

 

(484)

Share of earnings (losses) of affiliates, net

 

111

 

9

 

158

 

(134)

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

 

106

 

(40)

 

545

 

66

Gains (losses) on dilution of investment in affiliate

2

 

142

 

9

 

152

Other, net

 

18

 

(72)

 

78

 

(54)

Earnings (loss) before income taxes

$

564

 

573

 

1,818

 

1,012