Quarterly report pursuant to Section 13 or 15(d)

Segments and Geographic Information (Tables)

v3.23.2
Segments and Geographic Information (Tables)
 6 Months Ended
Jun. 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 June 30, 2023
Sirius XM Pandora and Off-platform Total
Revenue
Subscriber revenue $ 1,597  $ 128  $ 1,725 
Advertising revenue 45  400  445 
Equipment revenue 47  —  47 
Other revenue 33  —  33 
Total revenue 1,722  528  2,250 
Cost of services (a)
(675) (376) (1,051)
Segment gross profit $ 1,047  $ 152  $ 1,199 
For the Three Months Ended June 30, 2022
Sirius XM Pandora and Off-platform Total
Revenue
Subscriber revenue $ 1,588  $ 131  $ 1,719 
Advertising revenue 49  403  452 
Equipment revenue 45  —  45 
Other revenue 37  —  37 
Total revenue 1,719  534  2,253 
Cost of services (b)
(668) (367) (1,035)
Segment gross profit $ 1,051  $ 167  $ 1,218 
For the Six Months Ended June 30, 2023
Sirius XM Pandora and Off-platform Total
Revenue
Subscriber revenue $ 3,160  $ 257  $ 3,417 
Advertising revenue 85  734  819 
Equipment revenue 93  —  93 
Other revenue 65  —  65 
Total revenue 3,403  991  4,394 
Cost of services (c)
(1,340) (727) (2,067)
Segment gross profit $ 2,063  $ 264  $ 2,327 
For the Six Months Ended June 30, 2022
Sirius XM Pandora and Off-platform Total
Revenue
Subscriber revenue $ 3,170  $ 262  $ 3,432 
Advertising revenue 97  738  835 
Equipment revenue 98  —  98 
Other revenue 75  —  75 
Total revenue 3,440  1,000  4,440 
Cost of services (d)
(1,317) (697) (2,014)
Segment gross profit $ 2,123  $ 303  $ 2,426 
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 June 30, 2023
Segment Gross Profit $ 1,199 
Subscriber acquisition costs (93)
Sales and marketing (a)
(209)
Engineering, design and development (a)
(72)
General and administrative (a)
(147)
Depreciation and amortization (139)
Share-based payment expense (42)
Impairment, restructuring and acquisition costs (18)
Total other expense (107)
Consolidated income before income taxes $ 372 
(a)     Share-based payment expense of $10 related to cost of services, $11 related to sales and marketing, $11 related to engineering, design and development and $10 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 June 30, 2022
Segment Gross Profit $ 1,218 
Subscriber acquisition costs (91)
Sales and marketing (b)
(272)
Engineering, design and development (b)
(63)
General and administrative (b)
(113)
Depreciation and amortization (135)
Share-based payment expense (47)
Impairment, restructuring and acquisition costs (1)
Total other expense (108)
Consolidated income before income taxes $ 388 
(b)     Share-based payment expense of $11 related to cost of services, $13 related to sales and marketing, $9 related to engineering, design and development and $14 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 Six Months Ended June 30, 2023
Segment Gross Profit $ 2,327 
Subscriber acquisition costs (183)
Sales and marketing (c)
(423)
Engineering, design and development (c)
(140)
General and administrative (c)
(278)
Depreciation and amortization (275)
Share-based payment expense (87)
Impairment, restructuring and acquisition costs (50)
Total other expense (210)
Consolidated income before income taxes $ 681 
(c)     Share-based payment expense of $20 related to cost of services, $20 related to sales and marketing, $22 related to engineering, design and development and $25 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 Six Months Ended June 30, 2022
Segment Gross Profit $ 2,426 
Subscriber acquisition costs (181)
Sales and marketing (d)
(531)
Engineering, design and development (d)
(122)
General and administrative (d)
(223)
Depreciation and amortization (270)
Share-based payment expense (92)
Impairment, restructuring and acquisition costs (1)
Total other expense (208)
Consolidated income before income taxes $ 798 
(d)     Share-based payment expense of $22 related to cost of services, $26 related to sales and marketing, $17 related to engineering, design and development and $27 related to general and administrative has been excluded.