Sirius XM Holdings Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Segments and Geographic Information (Tables)

Segments and Geographic Information (Tables)

12 Months Ended

Dec. 31, 2020

Schedule of Segment Reporting Information, by Segment

Segment revenue and gross profit were as follows during the periods presented:


	For the Year Ended December 31, 2020
	Sirius XM		Pandora		Total
Revenue
Subscriber revenue	$	5,857	$	515	$	6,372
Advertising revenue	157		1,183		1,340
Equipment revenue	173		—		173
Other revenue	155		—		155
Total revenue	6,342		1,698		8,040
Cost of services (a)	(2,430)		(1,105)		(3,535)
Segment gross profit	$	3,912	$	593	$	4,505


	For the Year Ended December 31, 2019
	Sirius XM		Pandora		Total
Revenue
Subscriber revenue	$	5,644	$	476	$	6,120
Advertising revenue	205		1,131		1,336
Equipment revenue	173		—		173
Other revenue	165		—		165
Total revenue	6,187		1,607		7,794
Cost of services (b)	(2,378)		(1,005)		(3,383)
Segment gross profit	$	3,809	$	602	$	4,411

Reconciliation of Revenue from Segments to Consolidated

The reconciliation between reportable segment gross profit to consolidated income before income tax is as follows:


	For the Year Ended December 31, 2020
Segment Gross Profit	$	4,505
Subscriber acquisition costs	(362)
Sales and marketing (a)	(889)
Engineering, design and development (a)	(220)
General and administrative (a)	(443)
Depreciation and amortization	(506)
Share-based payment expense	(223)
Acquisition and restructuring costs	(28)
Impairment charges	(976)
Total other (expense) income	(428)
Consolidated income before income taxes	$	430

(a) Share-based payment expense of $44 related to cost of services, $68 related to sales and marketing, $43 related to engineering, design and development and $68 related to general and administrative has been excluded for the year ended December 31, 2020.

The reconciliation between reportable segment gross profit to consolidated income before income tax is as follows:



	For the Year Ended December 31, 2019
Segment Gross Profit	$	4,411
Subscriber acquisition costs	(427)
Sales and marketing (b)	(859)
Engineering, design and development (b)	(231)
General and administrative (b)	(466)
Depreciation and amortization	(468)
Share-based payment expense	(229)
Acquisition and other related costs	(84)
Total other (expense) income	(450)
Consolidated income before income taxes	$	1,197

(b) Share-based payment expense of $44 related to cost of services, $78 related to sales and marketing, $49 related to engineering, design and development and $58 related to general and administrative has been excluded for the year ended December 31, 2019.