Quarterly report pursuant to Section 13 or 15(d)

Information About Liberty's Operating Segments (Tables)

v3.24.1.u1
Information About Liberty's Operating Segments (Tables)
3 Months Ended
Mar. 31, 2024
Information About Liberty's Operating Segments  
Schedule of revenue disaggregated by source

Three months ended

March 31,

    

2024

    

2023

 

amounts in millions

Liberty SiriusXM Group

 

Sirius XM Holdings:

Subscriber

$

1,680

1,691

Advertising

 

402

375

Equipment

50

46

Other

30

32

Total Liberty SiriusXM Group

2,162

2,144

Formula One Group

Formula 1:

Primary

463

314

Other

90

67

Corporate and other

44

Intergroup elimination

(10)

Total Formula One Group

587

381

Braves Group

 

 

Corporate and other:

 

 

Baseball

 

NA

 

18

Mixed-Use Development

 

NA

 

13

Total Braves Group

NA

31

Consolidated Liberty

$

2,749

2,556

Performance Measures

Three months ended

March 31,

    

2024

    

2023

 

amounts in millions

Liberty SiriusXM Group

Sirius XM Holdings

$

635

 

625

Live Nation

NA

320

Corporate and other

 

(10)

 

(11)

Eliminate equity method affiliate

NA

(320)

Total Liberty SiriusXM Group

 

625

 

614

Formula One Group

 

Formula 1

 

208

 

117

Corporate and other

(6)

 

(12)

Total Formula One Group

202

 

105

Liberty Live Group

Live Nation

367

NA

Corporate and other

 

(1)

 

NA

Eliminate equity method affiliate

(367)

NA

Total Liberty Live Group

 

(1)

 

NA

Braves Group

Corporate and other

 

NA

 

(31)

Total Braves Group

 

NA

 

(31)

Consolidated Liberty

$

826

 

688

Other Information By Segment

March 31, 2024

    

Total

    

Investments

    

Capital

 

assets

in affiliates

expenditures

amounts in millions

Liberty SiriusXM Group

Sirius XM Holdings

$

30,737

 

1,642

 

174

Corporate and other

74

Total Liberty SiriusXM Group

30,811

1,642

174

Formula One Group

Formula 1

9,077

3

27

Corporate and other

 

1,667

 

35

 

Intergroup elimination

(139)

Total Formula One Group

10,605

38

27

Liberty Live Group

Live Nation

20,030

513

146

Corporate and other

989

316

Eliminate equity method affiliate

(20,030)

(513)

(146)

Total Liberty Live Group

989

316

Consolidated Liberty

$

42,405

 

1,996

 

201

Reconciliation of Adjusted OIBDA to operating income (loss) and earnings (loss)

Three months ended

March 31,

    

2024

    

2023

 

amounts in millions

Adjusted OIBDA

$

826

 

688

Impairment, restructuring and acquisition costs (note 8)

(22)

(32)

Stock-based compensation

 

(61)

 

(56)

Depreciation and amortization

 

(241)

 

(260)

Operating income (loss)

502

340

Interest expense

 

(191)

 

(196)

Share of earnings (losses) of affiliates, net

 

(19)

 

(10)

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

 

(3)

 

(46)

Other, net

 

27

 

14

Earnings (loss) before income taxes

$

316

 

102