v3.24.3
CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenue:        
Total revenue $ 2,171 $ 2,271 $ 6,511 $ 6,665
Cost of services:        
Subscriber acquisition costs 90 87 272 270
Sales and marketing 217 237 675 680
Engineering, design and development 68 72 224 234
General and administrative 138 139 378 468
Depreciation and amortization 145 145 455 460
Impairment, restructuring and other costs 3,388 6 3,441 56
Total operating expenses 5,072 1,743 8,533 5,312
(Loss) income from operations (2,901) 528 (2,022) 1,353
Other income (expense), net        
Interest expense (124) (134) (379) (404)
Gain on retirement of debt 0 27 0 27
Other income (expense), net 28 (51) 142 (17)
Total other expense (96) (158) (237) (394)
(Loss) income before income taxes (2,997) 370 (2,259) 959
Income tax benefit (expense) 39 (79) (103) (199)
Net (loss) income (2,958) 291 (2,362) 760
Less net (loss) income attributable to noncontrolling interests (502) 57 (410) 146
Net (loss) income attributable to Sirius XM Holdings Inc. $ (2,456) $ 234 $ (1,952) $ 614
Earnings Per Share [Abstract]        
Basic (in USD per share) $ (8.74) $ 0.86 $ (7.01) $ 2.24
Diluted (in USD per share) $ (8.74) $ 0.82 $ (7.01) $ 2.12
Weighted Average Number of Shares Outstanding, Diluted [Abstract]        
Weighted average common shares outstanding for basic net income per common share (in shares) 339 337 337 339
Diluted (in shares) 339 360 337 360
Subscriber revenue        
Revenue:        
Total revenue $ 1,645 $ 1,729 $ 4,983 $ 5,146
Advertising revenue        
Revenue:        
Total revenue 450 460 1,295 1,278
Equipment revenue        
Revenue:        
Total revenue 43 49 140 142
Cost of services:        
Cost of services 2 3 7 10
Other revenue        
Revenue:        
Total revenue 33 33 93 99
Revenue share and royalties        
Cost of services:        
Cost of services 707 731 2,118 2,162
Programming and content        
Cost of services:        
Cost of services 150 153 456 456
Customer service and billing        
Cost of services:        
Cost of services 110 116 335 363
Transmission        
Cost of services:        
Cost of services $ 57 $ 54 $ 172 $ 153

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