Quarterly report pursuant to Section 13 or 15(d)

Segments and Geographic Information (Tables)

v3.23.3
Segments and Geographic Information (Tables)
 9 Months Ended
Sep. 30, 2023
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
Segment revenue and gross profit were as follows during the period presented:
For the Three Months Ended September 30, 2023
Sirius XM Pandora and Off-platform Total
Revenue
Subscriber revenue $ 1,597  $ 132  $ 1,729 
Advertising revenue 42  418  460 
Equipment revenue 49  —  49 
Other revenue 33  —  33 
Total revenue 1,721  550  2,271 
Cost of services (a)
(674) (370) (1,044)
Segment gross profit $ 1,047  $ 180  $ 1,227 
For the Three Months Ended September 30, 2022
Sirius XM Pandora and Off-platform Total
Revenue
Subscriber revenue $ 1,603  $ 131  $ 1,734 
Advertising revenue 50  407  457 
Equipment revenue 50  —  50 
Other revenue 39  —  39 
Total revenue 1,742  538  2,280 
Cost of services (b)
(665) (365) (1,030)
Segment gross profit $ 1,077  $ 173  $ 1,250 
For the Nine Months Ended September 30, 2023
Sirius XM Pandora and Off-platform Total
Revenue
Subscriber revenue $ 4,757  $ 389  $ 5,146 
Advertising revenue 126  1,152  1,278 
Equipment revenue 142  —  142 
Other revenue 99  —  99 
Total revenue 5,124  1,541  6,665 
Cost of services (c)
(2,014) (1,097) (3,111)
Segment gross profit $ 3,110  $ 444  $ 3,554 
For the Nine Months Ended September 30, 2022
Sirius XM Pandora and Off-platform Total
Revenue
Subscriber revenue $ 4,773  $ 393  $ 5,166 
Advertising revenue 146  1,146  1,292 
Equipment revenue 148  —  148 
Other revenue 114  —  114 
Total revenue 5,181  1,539  6,720 
Cost of services (d)
(1,980) (1,063) (3,043)
Segment gross profit $ 3,201  $ 476  $ 3,677 
Schedule of 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 Three Months Ended September 30, 2023
Segment Gross Profit $ 1,227 
Subscriber acquisition costs (87)
Sales and marketing (a)
(224)
Engineering, design and development (a)
(61)
General and administrative (a)
(108)
Depreciation and amortization (130)
Share-based payment expense (48)
Impairment, restructuring and acquisition costs (5)
Total other expense (109)
Consolidated income before income taxes $ 455 
(a)     Share-based payment expense of $13 related to cost of services, $13 related to sales and marketing, $11 related to engineering, design and development and $11 related to general and administrative has been excluded.
The reconciliation between reportable segment gross profit to consolidated income before income tax is as follows:
For the Three Months Ended September 30, 2022
Segment Gross Profit $ 1,250 
Subscriber acquisition costs (86)
Sales and marketing (b)
(268)
Engineering, design and development (b)
(59)
General and administrative (b)
(117)
Depreciation and amortization (134)
Share-based payment expense (50)
Impairment, restructuring and acquisition costs (69)
Total other expense (110)
Consolidated income before income taxes $ 357 
(b)     Share-based payment expense of $11 related to cost of services, $13 related to sales and marketing, $11 related to engineering, design and development and $15 related to general and administrative has been excluded.
The reconciliation between reportable segment gross profit to consolidated income before income tax is as follows:
For the Nine Months Ended September 30, 2023
Segment Gross Profit $ 3,554 
Subscriber acquisition costs (270)
Sales and marketing (c)
(647)
Engineering, design and development (c)
(201)
General and administrative (c)
(385)
Depreciation and amortization (405)
Share-based payment expense (135)
Impairment, restructuring and acquisition costs (56)
Total other expense (319)
Consolidated income before income taxes $ 1,136 
(c)     Share-based payment expense of $33 related to cost of services, $33 related to sales and marketing, $33 related to engineering, design and development and $36 related to general and administrative has been excluded.
The reconciliation between reportable segment gross profit to consolidated income before income tax is as follows:
For the Nine Months Ended September 30, 2022
Segment Gross Profit $ 3,677 
Subscriber acquisition costs (267)
Sales and marketing (d)
(799)
Engineering, design and development (d)
(181)
General and administrative (d)
(339)
Depreciation and amortization (404)
Share-based payment expense (143)
Impairment, restructuring and acquisition costs (70)
Total other expense (319)
Consolidated income before income taxes $ 1,155 
(d)     Share-based payment expense of $34 related to cost of services, $39 related to sales and marketing, $27 related to engineering, design and development and $43 related to general and administrative has been excluded.