Sirius XM Holdings Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Segments and Geographic Information (Tables)

Segments and Geographic Information (Tables)

3 Months Ended

Mar. 31, 2021

Schedule of Segment Reporting Information, by Segment

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


	For the Three Months Ended March 31, 2021
	Sirius XM		Pandora		Total
Revenue
Subscriber revenue	$	1,481	$	130	$	1,611
Advertising revenue	42		312		354
Equipment revenue	57		—		57
Other revenue	36		—		36
Total revenue	1,616		442		2,058
Cost of services (a)	(623)		(305)		(928)
Segment gross profit	$	993	$	137	$	1,130


	For the Three Months Ended March 31, 2020
	Sirius XM		Pandora		Total
Revenue
Subscriber revenue	$	1,457	$	128	$	1,585
Advertising revenue	44		241		285
Equipment revenue	41		—		41
Other revenue	41		—		41
Total revenue	1,583		369		1,952
Cost of services (b)	(593)		(246)		(839)
Segment gross profit	$	990	$	123	$	1,113

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 March 31, 2021
Segment Gross Profit	$	1,130
Subscriber acquisition costs	(86)
Sales and marketing (a)	(202)
Engineering, design and development (a)	(54)
General and administrative (a)	(106)
Depreciation and amortization	(132)
Share-based payment expense	(51)
Impairment, restructuring and acquisition costs	(245)
Total other (expense) income	(97)
Consolidated income before income taxes	$	157

(a) Share-based payment expense of $11 related to cost of services, $15 related to sales and marketing, $10 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 Three Months Ended March 31, 2020
Segment Gross Profit	$	1,113
Subscriber acquisition costs	(99)
Sales and marketing (b)	(208)
Engineering, design and development (b)	(60)
General and administrative (b)	(91)
Depreciation and amortization	(132)
Share-based payment expense	(55)
Total other (expense) income	(95)
Consolidated income before income taxes	$	373

(b) Share-based payment expense of $11 related to cost of services, $17 related to sales and marketing, $11 related to engineering, design and development and $16 related to general and administrative has been excluded.