Quarterly report pursuant to Section 13 or 15(d)

Information About Liberty's Operating Segments (Tables)

v3.23.1
Information About Liberty's Operating Segments (Tables)
3 Months Ended
Mar. 31, 2023
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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2023

    

2022

 

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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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​

​

​

​

​

Subscriber

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$

1,691

​

1,713

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Advertising

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375

​

383

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Equipment

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​

46

​

53

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Other

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32

​

37

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Total Liberty SiriusXM Group

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2,144

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2,186

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Braves Group

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Corporate and other:

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​

 

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Baseball

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18

 

11

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Mixed-Use Development

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13

 

12

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Total Braves Group

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31

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23

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Formula One Group

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Formula 1:

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Primary

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314

​

287

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Other

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67

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73

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Total Formula One Group

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381

​

360

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Consolidated Liberty

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$

2,556

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2,569

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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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2023

    

2022

 

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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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$

625

 

690

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Corporate and other

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(11)

 

(5)

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Total Liberty SiriusXM Group

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614

 

685

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Braves Group

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Corporate and other

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(31)

 

(19)

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Total Braves Group

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(31)

 

(19)

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Formula One Group

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Formula 1

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117

 

122

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Corporate and other

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(12)

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(10)

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Total Formula One Group

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105

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112

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Consolidated Liberty

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$

688

 

778

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Other Information By Segment

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March 31, 2023

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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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Sirius XM Holdings

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$

29,501

 

696

 

205

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Corporate and other

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​

702

​

166

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—

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Total Liberty SiriusXM Group

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30,203

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862

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205

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Braves Group

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Corporate and other

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​

1,518

​

94

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14

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Total Braves Group

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1,518

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94

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14

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Formula One Group

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Formula 1

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9,210

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—

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9

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Corporate and other

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1,768

 

37

 

53

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Total Formula One Group

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10,978

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37

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62

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Elimination (1)

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(366)

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—

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—

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Consolidated Liberty

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$

42,333

 

993

 

281

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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,

​

​

    

2023

    

2022

 

​

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amounts in millions

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Adjusted OIBDA

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$

688

 

778

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Impairment, restructuring and acquisition costs, net of recoveries (note 8)

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(32)

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—

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Stock-based compensation

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(56)

 

(55)

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Depreciation and amortization

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(260)

 

(260)

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Operating income (loss)

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340

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463

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Interest expense

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(196)

 

(157)

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Share of earnings (losses) of affiliates, net

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(10)

 

(14)

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

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(46)

 

59

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Other, net

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14

 

45

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Earnings (loss) before income taxes

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$

102

 

396

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