| Schedule of Segment Reporting Information, by Segment |
Segment revenue and gross profit were as follows during the periods presented:
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For the Three Months Ended June 30, 2020 |
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Sirius XM |
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Pandora |
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Total |
| Revenue |
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| Subscriber revenue |
$ |
1,453 |
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|
$ |
125 |
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|
|
$ |
1,578 |
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| Advertising revenue |
25 |
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|
211 |
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|
236 |
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| Equipment revenue |
25 |
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|
— |
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|
25 |
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| Other revenue |
35 |
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|
— |
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|
35 |
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| Total revenue |
1,538 |
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|
336 |
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|
1,874 |
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Cost of services (a)
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(593) |
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|
(263) |
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|
(856) |
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| Segment gross profit |
$ |
945 |
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|
$ |
73 |
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|
$ |
1,018 |
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The reconciliation between reportable segment gross profit to consolidated income before income tax is as follows:
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For the Three Months Ended June 30, 2020 |
| Segment Gross Profit |
$ |
1,018 |
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| Subscriber acquisition costs |
(48) |
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Sales and marketing (a)
|
(201) |
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Engineering, design and development (a)
|
(52) |
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General and administrative (a)
|
(102) |
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| Depreciation and amortization |
(124) |
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| Share-based payment expense |
(52) |
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| Acquisition and restructuring costs |
(24) |
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| Total other (expense) income |
(98) |
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| Consolidated income before income taxes |
$ |
317 |
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(a) Share-based payment expense of $10 related to cost of services, $16 related to sales and marketing, $9 related to engineering, design and development and $17 related to general and administrative has been excluded.
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For the Three Months Ended June 30, 2019 |
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Sirius XM |
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Pandora |
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Total |
| Revenue |
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| Subscriber revenue |
$ |
1,402 |
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|
$ |
135 |
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|
|
|
$ |
1,537 |
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| Advertising revenue |
52 |
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|
306 |
|
|
|
|
358 |
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| Equipment revenue |
41 |
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|
— |
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|
|
|
41 |
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| Other revenue |
41 |
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|
— |
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|
|
|
41 |
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| Total revenue |
1,536 |
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|
441 |
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|
1,977 |
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Cost of services (b)
|
(594) |
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|
(278) |
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|
(872) |
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| Segment gross profit |
$ |
942 |
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|
$ |
163 |
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|
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$ |
1,105 |
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The reconciliation between reportable segment gross profit to consolidated income before income tax is as follows:
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For the Three Months Ended June 30, 2019 |
| Segment Gross Profit |
$ |
1,105 |
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| Subscriber acquisition costs |
(104) |
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Sales and marketing (b)
|
(213) |
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Engineering, design and development (b)
|
(61) |
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General and administrative (b)
|
(105) |
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| Depreciation and amortization |
(119) |
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| Share-based payment expense |
(57) |
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| Acquisition and restructuring costs |
(7) |
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| Total other (expense) income |
(100) |
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| Consolidated income before income taxes |
$ |
339 |
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(b) Share-based payment expense of $10 related to cost of services, $19 related to sales and marketing, $13 related to engineering, design and development and $15 related to general and administrative has been excluded.
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For the Six Months Ended June 30, 2020 |
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|
Sirius XM |
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Pandora |
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Total |
| Revenue |
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| Subscriber revenue |
$ |
2,910 |
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|
$ |
253 |
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$ |
3,163 |
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| Advertising revenue |
69 |
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|
452 |
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|
521 |
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| Equipment revenue |
66 |
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|
— |
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|
66 |
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| Other revenue |
76 |
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|
— |
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|
76 |
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| Total revenue |
3,121 |
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|
705 |
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|
3,826 |
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Cost of services (c)
|
(1,186) |
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|
(509) |
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(1,695) |
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| Segment gross profit |
$ |
1,935 |
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$ |
196 |
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$ |
2,131 |
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For the Six Months Ended June 30, 2019 |
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Sirius XM |
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Pandora |
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Total |
| Revenue |
|
|
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|
|
|
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| Subscriber revenue |
$ |
2,772 |
|
|
$ |
223 |
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|
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$ |
2,995 |
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| Advertising revenue |
98 |
|
|
469 |
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|
567 |
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| Equipment revenue |
82 |
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|
— |
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|
|
82 |
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| Other revenue |
77 |
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|
— |
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|
|
77 |
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| Total revenue |
3,029 |
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|
692 |
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|
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|
3,721 |
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Cost of services (d)
|
(1,163) |
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|
(448) |
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|
(1,611) |
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| Segment gross profit |
$ |
1,866 |
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$ |
244 |
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$ |
2,110 |
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| Reconciliation of Revenue from Segments to Consolidated |
The reconciliation between reportable segment gross profit to consolidated income before income tax is as follows:
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For the Six Months Ended June 30, 2020 |
| Segment Gross Profit |
$ |
2,131 |
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| Subscriber acquisition costs |
(147) |
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Sales and marketing (c)
|
(409) |
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Engineering, design and development (c)
|
(112) |
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General and administrative (c)
|
(193) |
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| Depreciation and amortization |
(256) |
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| Share-based payment expense |
(107) |
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| Acquisition and restructuring costs |
(24) |
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| Total other (expense) income |
(193) |
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| Consolidated income before income taxes |
$ |
690 |
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(c) Share-based payment expense of $21 related to cost of services, $33 related to sales and marketing, $20 related to engineering, design and development and $33 related to general and administrative has been excluded.
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For the Six Months Ended June 30, 2019 |
| Segment Gross Profit |
$ |
2,110 |
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| Subscriber acquisition costs |
(212) |
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Sales and marketing (d)
|
(381) |
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Engineering, design and development (d)
|
(106) |
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General and administrative (d)
|
(224) |
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| Depreciation and amortization |
(226) |
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| Share-based payment expense |
(106) |
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| Acquisition and restructuring costs |
(83) |
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| Total other (expense) income |
(190) |
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| Consolidated income before income taxes |
$ |
582 |
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(d) Share-based payment expense of $19 related to cost of services, $34 related to sales and marketing, $22 related to engineering, design and development and $31 related to general and administrative has been excluded.
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