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LIBERTY MEDIA CORPORATION
12300 Liberty Boulevard Englewood, Colorado 80112 (720) 875-5400 |
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SIRIUS XM HOLDINGS INC.
1221 Avenue of the Americas, 35th Floor New York, New York 10020 (212) 584-5100 |
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Liberty Media Corporation
12300 Liberty Boulevard Englewood, Colorado 80112 Telephone: (720) 875-5400 |
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Sirius XM Holdings Inc.
1221 Avenue of the Americas, 35th Floor New York, New York 10020 Telephone: (212) 584-5100 |
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| | | | | 279 | | | |
| | | | | 280 | | | |
| | | | | 280 | | | |
| | | | | F-1 | | | |
| | | | | A-1 | | | |
| | | | | B-1 | | | |
| | | | | C-1 | | | |
| | | | | D-1 | | | |
| | | | | E-1 | | | |
| | | | | F-1 | | | |
| | | | | G-1 | | | |
| | | | | H-1 | | | |
| | | | | I-1 | | | |
| | | | | J-1 | | | |
| | | | | K-1 | | | |
| | | | | L-1 | | |
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Liberty SiriusXM
common stock Series B (LSXMB) |
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High
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Low
|
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2022 | | | | | | | | | | | | | |
First Quarter
|
| | |
$
|
53.04
|
| | | |
|
44.92
|
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Second Quarter
|
| | |
$
|
47.14
|
| | | |
|
40.00
|
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Third Quarter
|
| | |
$
|
46.75
|
| | | |
|
36.50
|
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Fourth Quarter
|
| | |
$
|
47.43
|
| | | |
|
39.03
|
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2023 | | | | | | | | | | | | | |
First Quarter
|
| | |
$
|
42.00
|
| | | |
|
25.35
|
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Second Quarter
|
| | |
$
|
31.51
|
| | | |
|
26.18
|
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Third Quarter(1)
|
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$
|
34.80
|
| | | |
|
22.19
|
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Fourth Quarter
|
| | |
$
|
28.90
|
| | | |
|
24.08
|
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2024 | | | | | | | | | | | | | |
First Quarter
|
| | |
$
|
31.53
|
| | | |
|
28.70
|
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Second Quarter
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| | | $ | 31.00 | | | | | | 20.94 | | |
Third Quarter (through July 17, 2024)
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| | | $ | 24.20 | | | | | | 22.73 | | |
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Liberty Formula One
common stock Series B (FWONB) |
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High
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Low
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2022 | | | | | | | | | | | | | |
First Quarter
|
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$
|
54.75
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54.75
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Second Quarter
|
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$
|
70.26
|
| | | |
|
56.65
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Third Quarter
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$
|
63.00
|
| | | |
|
53.59
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Fourth Quarter
|
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$
|
48.75
|
| | | |
|
47.78
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Liberty Formula
One common stock Series B (FWONB) |
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High
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Low
|
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2023 | | | | | | | | | | | | | |
First Quarter
|
| | |
$
|
68.02
|
| | | |
|
54.31
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Second Quarter
|
| | |
$
|
68.00
|
| | | |
|
63.00
|
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Third Quarter(1)
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$
|
66.00
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| | | |
|
55.00
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Fourth Quarter
|
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$
|
56.02
|
| | | |
|
56.02
|
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2024 | | | | | | | | | | | | | |
First Quarter
|
| | |
$
|
65.00
|
| | | |
|
60.00
|
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Second Quarter
|
| | | $ | 66.50 | | | | | | 58.51 | | |
Third Quarter (through July 17, 2024) . . . . . . . . . . . . . . . . . . . . . . . . . .
|
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$
|
63.96
|
| | | |
|
63.96
|
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Liberty Live
common stock Series B (LLYVB) |
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| | |
High
|
| |
Low
|
| ||||||
2023 | | | | | | | | | | | | | |
Third Quarter (from the initial quoting of LLYVB on August 4, 2023 through
September 29, 2023)(1) |
| | |
$
|
34.35
|
| | | |
|
28.38
|
| |
Fourth Quarter
|
| | |
$
|
33.50
|
| | | |
|
31.18
|
| |
2024 | | | | | | | | | | | | | |
First Quarter
|
| | |
$
|
39.00
|
| | | |
|
36.00
|
| |
Second Quarter
|
| | | $ | 40.00 | | | | | | 33.50 | | |
Third Quarter (through July 17, 2024)(2) . . . . . . . . . . . . . . . . . . . . . . . . . .
|
| | |
$
|
40.00
|
| | | |
|
33.50
|
| |
| | |
March 31,
|
| |
December 31,
|
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| | |
2024
|
| |
2023
|
| |
2022
|
| |||||||||
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amounts in millions
|
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Summary Balance Sheet Data: | | | | | | | | | | | | | | | |||||
Cash and cash equivalents
|
| | | $ | 1,666 | | | | | | 2,019 | | | | | | 2,246 | | |
Investments in affiliates, accounted for using the equity method
|
| | | $ | 1,996 | | | | | | 1,089 | | | | | | 952 | | |
Property and equipment, net
|
| | | $ | 2,129 | | | | | | 2,083 | | | | | | 2,255 | | |
Goodwill
|
| | | $ | 19,399 | | | | | | 19,165 | | | | | | 19,341 | | |
FCC Licenses
|
| | | $ | 8,600 | | | | | | 8,600 | | | | | | 8,600 | | |
Intangible assets subject to amortization, net
|
| | | $ | 3,889 | | | | | | 3,872 | | | | | | 4,288 | | |
Total assets
|
| | | $ | 42,405 | | | | | | 41,168 | | | | | | 42,464 | | |
Total current liabilities
|
| | | $ | 4,866 | | | | | | 4,743 | | | | | | 5,410 | | |
Long-term debt
|
| | | $ | 14,257 | | | | | | 14,180 | | | | | | 14,953 | | |
Deferred income tax liabilities
|
| | | $ | 2,202 | | | | | | 2,086 | | | | | | 2,101 | | |
Total equity
|
| | | $ | 19,645 | | | | | | 19,445 | | | | | | 19,126 | | |
| | |
Three months ended
March 31 |
| |
Year ended
December 31, |
| ||||||||||||||||||||||||
| | |
2024
|
| |
2023
|
| |
2023
|
| |
2022
|
| |
2021
|
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amounts in millions
except per share amounts |
| |||||||||||||||||||||||||||
Summary Statement of Operations Data: | | | | | | | | | | | | | | | | | |||||||||||||||
Total revenue
|
| | | $ | 2,749 | | | | | | 2,556 | | | | | | 12,525 | | | | | | 12,164 | | | | | | 11,400 | | |
Cost of Sirius XM Holdings Revenue
|
| | | $ | 1,037 | | | | | | 1,024 | | | | | | 4,209 | | | | | | 4,130 | | | | | | 3,968 | | |
Cost of Formula 1 Revenue
|
| | | $ | 279 | | | | | | 206 | | | | | | 2,240 | | | | | | 1,750 | | | | | | 1,489 | | |
Selling, general and administrative
|
| | | $ | 465 | | | | | | 486 | | | | | | 1,930 | | | | | | 2,031 | | | | | | 1,907 | | |
Operating income (loss)
|
| | | $ | 502 | | | | | | 340 | | | | | | 2,063 | | | | | | 2,064 | | | | | | 1,977 | | |
Interest expense
|
| | | $ | (191) | | | | | | (196) | | | | | | (782) | | | | | | (689) | | | | | | (642) | | |
Share of earnings (losses) of affiliates, net
|
| | | $ | (19) | | | | | | (10) | | | | | | 138 | | | | | | 99 | | | | | | (200) | | |
Realized and unrealized gains (losses) on financial instruments, net
|
| | | $ | (3) | | | | | | (46) | | | | | | (323) | | | | | | 599 | | | | | | (451) | | |
Net earnings (loss) attributable to Liberty Media
stockholders |
| | | $ | 203 | | | | | | 15 | | | | | | 761 | | | | | | 1,815 | | | | | | 398 | | |
Basic net earnings (loss) attributable to Series A, B and C Liberty SiriusXM common stock per share
|
| | | $ | 0.61 | | | | | | 0.56 | | | | | | 2.54 | | | | | | 3.94 | | | | | | 1.79 | | |
Basic net earnings (loss) attributable to Series A, B and C Liberty Formula One common stock per share
|
| | | $ | 0.33 | | | | | | (0.47) | | | | | | 0.79 | | | | | | 2.39 | | | | | | (0.82) | | |
| | |
Three months
ended March 31 |
| |
Year ended
December 31, |
| ||||||||||||||||||||||||
| | |
2024
|
| |
2023
|
| |
2023
|
| |
2022
|
| |
2021
|
| |||||||||||||||
| | |
amounts in millions
except per share amounts |
| |||||||||||||||||||||||||||
Basic net earnings (loss) attributable to Series A, B and C Liberty Live common stock per share
|
| | | $ |
(0.79) |
| | | | | NA | | | | | | (1.54) | | | | | | NA | | | | | | NA | | |
Basic net earnings (loss) attributable to Series A, B and C Liberty Braves common stock per share
|
| | | | N/A | | | | | | (1.11) | | | | | | (2.09) | | | | | | (0.66) | | | | | | (0.21) | | |
| | |
March 31
|
| |
December 31,
|
| ||||||||||||
| | |
2024
|
| |
2023
|
| |
2022
|
| |||||||||
| | |
amounts in millions
|
| |||||||||||||||
Summary Balance Sheet Data: | | | | | | | | | | | | | | | |||||
Cash and cash equivalents
|
| | | $ | 135 | | | | | | 306 | | | | | | 362 | | |
Property and equipment, net
|
| | | $ | 1,855 | | | | | | 1,791 | | | | | | 1,551 | | |
FCC Licenses
|
| | | $ | 8,600 | | | | | | 8,600 | | | | | | 8,600 | | |
Goodwill
|
| | | $ | 15,209 | | | | | | 15,209 | | | | | | 15,209 | | |
Total assets
|
| | | $ | 30,811 | | | | | | 30,056 | | | | | | 30,454 | | |
Total current liabilities
|
| | | $ | 3,796 | | | | | | 3,951 | | | | | | 4,358 | | |
Long-term debt
|
| | | $ | 10,056 | | | | | | 10,073 | | | | | | 10,689 | | |
Deferred tax liabilities
|
| | | $ | 2,388 | | | | | | 2,414 | | | | | | 2,461 | | |
Total equity
|
| | | $ | 13,324 | | | | | | 13,102 | | | | | | 12,371 | | |
| | |
Three months ended
March 31 |
| |
Year ended
December 31, |
| ||||||||||||||||||||||||
| | |
2024
|
| |
2023
|
| |
2023
|
| |
2022
|
| |
2021
|
| |||||||||||||||
| | |
amounts in millions
except per share amounts |
| |||||||||||||||||||||||||||
Summary Statement of Operations Data: | | | | | | | | | | | | | | | | | |||||||||||||||
Total revenue
|
| | | $ | 2,162 | | | | | | 2,144 | | | | | | 8,953 | | | | | | 9,003 | | | | | | 8,696 | | |
Income from operations
|
| | | $ | 409 | | | | | | 373 | | | | | | 1,808 | | | | | | 1,919 | | | | | | 1,917 | | |
Interest expense
|
| | | $ | (129) | | | | | | (134) | | | | | | (534) | | | | | | (503) | | | | | | (481) | | |
Net income (loss) attributable to Liberty Sirius XM Holdings Inc.
|
| | | $ | 199 | | | | | | 193 | | | | | | 786 | | | | | | 908 | | | | | | 1,062 | | |
Unaudited pro forma net income attributable to Liberty Sirius XM Holdings Inc. per share – basic
|
| | | $ | 0.59 | | | | | | NA | | | | | | 2.35 | | | | | | NA | | | | | | NA | | |
| | |
March 31, 2024
|
| |
December 31,
|
| ||||||||||||
| | |
2023
|
| |
2022
|
| ||||||||||||
| | |
amounts in millions
|
| |||||||||||||||
Summary Balance Sheet Data: | | | | | | | | | | | | | | | |||||
Cash and cash equivalents
|
| | | $ | 71 | | | | | | 216 | | | | | | 57 | | |
Property and equipment, net
|
| | | $ | 1,820 | | | | | | 1,754 | | | | | | 1,499 | | |
Goodwill
|
| | | $ | 3,249 | | | | | | 3,249 | | | | | | 3,249 | | |
Total assets
|
| | | $ | 11,174 | | | | | | 10,374 | | | | | | 10,022 | | |
Total current liabilities
|
| | | $ | 3,088 | | | | | | 3,226 | | | | | | 2,981 | | |
Long-term debt
|
| | | $ | 8,722 | | | | | | 8,690 | | | | | | 9,256 | | |
Deferred tax liabilities
|
| | | $ | 488 | | | | | | 509 | | | | | | 565 | | |
Total equity (deficit)
|
| | | $ | (2,370) | | | | | | (2,565) | | | | | | (3,351) | | |
| | |
There months ended March 31,
|
| |
Year ended December 31,
|
| ||||||||||||||||||||||||
| | |
2024
|
| |
2023
|
| |
2023
|
| |
2022
|
| |
2021
|
| |||||||||||||||
| | |
amounts in millions
except per share amounts |
| |||||||||||||||||||||||||||
Summary Statement of Operations Data: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total revenue
|
| | | $ | 2,162 | | | | | | 2,144 | | | | | | 8,953 | | | | | | 9,003 | | | | | | 8,696 | | |
Income from operations
|
| | | $ | 437 | | | | | | 412 | | | | | | 1,946 | | | | | | 2,036 | | | | | | 2,015 | | |
Interest expense
|
| | | $ | (104) | | | | | | (107) | | | | | | (423) | | | | | | (422) | | | | | | (415) | | |
Net income
|
| | | $ | 265 | | | | | | 233 | | | | | | 1,258 | | | | | | 1,213 | | | | | | 1,314 | | |
Basic net income per common share
|
| | | $ | 0.07 | | | | | | 0.06 | | | | | | 0.33 | | | | | | 0.31 | | | | | | 0.32 | | |
| | |
March 31, 2024
|
| |||
| | |
Pro Forma
|
| |||
| | |
amounts
in millions |
| |||
Summary Balance Sheet Data: | | | | | | | |
Cash and cash equivalents
|
| | | $ | 1,531 | | |
Goodwill
|
| | | $ | 4,190 | | |
Intangible assets subject to amortization, net
|
| | | $ | 2,898 | | |
Total assets
|
| | | $ | 11,879 | | |
Total current liabilities
|
| | | $ | 1,169 | | |
Long-term debt
|
| | | $ | 4,210 | | |
Total equity
|
| | | $ | 6,321 | | |
| | |
Three months ended
March 31, 2024 |
| |
Year ended
December 31, 2023 |
| ||||||
| | |
Pro Forma
|
| |||||||||
| | |
amounts in millions
except per share amounts |
| |||||||||
Summary Statement of Operations Data: | | | | | | | | | |||||
Total revenue
|
| | | $ | 587 | | | | | | 3,572 | | |
Cost of Formula 1 revenue
|
| | | $ | 279 | | | | | | 2,240 | | |
Operating income (loss)
|
| | | $ | 93 | | | | | | 255 | | |
Interest expense
|
| | | $ | (62) | | | | | | (248) | | |
Share of earnings (losses) of affiliates, net
|
| | | $ | (24) | | | | | | 157 | | |
Realized and unrealized gains (losses) on financial instruments, net
|
| | | $ | (21) | | | | | | (235) | | |
Net earnings (loss) attributable to Liberty Media stockholders
|
| | | $ | 4 | | | | | | (25) | | |
Basic net earnings (loss) attributable to Series A, B and C Liberty SiriusXM common stock per share
|
| | | | NA | | | | | | NA | | |
Basic net earnings (loss) attributable to Series A, B and C Liberty Formula One common stock per share
|
| | | $ | 0.33 | | | | | | 0.79 | | |
Basic net earnings (loss) attributable to Series A, B and C Liberty Live
common stock per share |
| | | $ | (0.79) | | | | | | (1.54) | | |
Basic net earnings (loss) attributable to Series A, B and C Liberty Braves common stock per share
|
| | | | NA | | | | | | (2.09) | | |