Stock-Based Compensation (Tables)
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9 Months Ended |
Sep. 30, 2023 |
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| Schedule of Stock-Based Compensation Allocation of Expense |
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Three months ended |
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Nine months ended |
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September 30, |
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September 30, |
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2023 |
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2022 |
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2023 |
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2022 |
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amounts in millions |
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Cost of Sirius XM Holdings services: |
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Programming and content |
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$ |
10 |
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10 |
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25 |
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26 |
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Customer service and billing |
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1 |
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1 |
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4 |
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4 |
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Other |
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2 |
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1 |
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4 |
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4 |
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Other operating expense |
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11 |
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10 |
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33 |
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27 |
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Selling, general and administrative |
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39 |
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39 |
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107 |
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112 |
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$ |
63 |
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61 |
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173 |
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173 |
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| Schedule of options granted and weighted average grant date fair value |
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Nine Months Ended |
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September 30, 2023 |
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Options |
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Weighted |
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granted |
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average |
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(000's) |
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GDFV |
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Series C Liberty SiriusXM common stock, Liberty employees and directors (1) |
19 |
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$ |
8.98 |
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Series C Liberty SiriusXM common stock, Liberty CEO (2) |
370 |
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$ |
10.34 |
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Series C Liberty Formula One common stock, Liberty employees and directors (1) |
8 |
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$ |
28.17 |
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Series C Liberty Formula One common stock, Formula 1 employee (3) |
71 |
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$ |
30.70 |
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Series C Liberty Braves common stock, Liberty employees and directors (1) |
3 |
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$ |
14.24 |
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(1) |
Grants vest between two and three years.
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(2) |
Grant cliff vests on December 29, 2023. Grant was made in connection with the CEO’s employment agreement. |
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(3) |
Grant vests in equal quarterly installments over 2023. |
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| Liberty SiriusXM Group |
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| Schedule Of Outstanding Options To Purchase Liberty Common Stock |
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Series C |
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Weighted |
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Aggregate |
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average |
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intrinsic |
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Liberty |
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remaining |
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value |
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options (000's) |
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WAEP |
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life |
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(millions) |
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Outstanding at January 1, 2023 |
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6,862 |
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$ |
39.83 |
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Granted |
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389 |
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$ |
31.03 |
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Exercised |
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(212) |
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$ |
32.61 |
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Forfeited/Cancelled |
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(1,243) |
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$ |
31.30 |
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Reclassification adjustment |
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167 |
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$ |
28.88 |
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Outstanding at September 30, 2023 |
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5,963 |
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$ |
29.07 |
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3.0 |
years |
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$ |
2 |
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Exercisable at September 30, 2023 |
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3,632 |
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$ |
28.60 |
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2.3 |
years |
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$ |
— |
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| Formula One Group |
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| Schedule Of Outstanding Options To Purchase Liberty Common Stock |
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Series C |
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Weighted |
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Aggregate |
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average |
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intrinsic |
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Liberty |
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remaining |
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value |
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options (000's) |
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WAEP |
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life |
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(millions) |
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Outstanding at January 1, 2023 |
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7,086 |
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$ |
36.18 |
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Granted |
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79 |
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$ |
74.61 |
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Exercised |
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(872) |
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$ |
30.21 |
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Forfeited/Cancelled |
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— |
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$ |
— |
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Formula One Distribution adjustment |
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188 |
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$ |
36.36 |
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Reclassification adjustment |
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(101) |
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$ |
38.36 |
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Outstanding at September 30, 2023 |
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6,380 |
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$ |
36.67 |
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3.3 |
years |
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$ |
164 |
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Exercisable at September 30, 2023 |
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4,978 |
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$ |
34.72 |
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3.1 |
years |
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$ |
138 |
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| Liberty Live Group |
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| Schedule Of Outstanding Options To Purchase Liberty Common Stock |
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Series C |
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Weighted |
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Aggregate |
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average |
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intrinsic |
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Liberty |
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remaining |
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value |
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options (000's) |
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WAEP |
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life |
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(millions) |
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Outstanding at January 1, 2023 |
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NA |
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$ |
NA |
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Granted |
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— |
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$ |
— |
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Exercised |
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— |
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$ |
— |
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Forfeited/Cancelled |
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— |
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$ |
— |
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Reclassification adjustment |
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1,603 |
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$ |
42.68 |
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Outstanding at September 30, 2023 |
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1,603 |
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$ |
42.68 |
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3.0 |
years |
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$ |
1 |
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Exercisable at September 30, 2023 |
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961 |
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$ |
42.29 |
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2.3 |
years |
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$ |
1 |
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| Braves Group |
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| Schedule Of Outstanding Options To Purchase Liberty Common Stock |
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Series C |
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Weighted |
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Aggregate |
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average |
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intrinsic |
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Liberty |
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remaining |
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value |
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options (000's) |
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WAEP |
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life |
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(millions) |
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Outstanding at January 1, 2023 |
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3,108 |
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$ |
26.17 |
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Granted |
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3 |
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$ |
37.50 |
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Exercised |
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(151) |
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$ |
18.42 |
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Forfeited/Cancelled |
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(4) |
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$ |
22.75 |
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Split-Off |
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(2,956) |
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$ |
26.59 |
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Outstanding at September 30, 2023 |
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NA |
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$ |
NA |
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NA |
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NA |
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Exercisable at September 30, 2023 |
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NA |
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$ |
NA |
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NA |
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NA |
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