Annual report pursuant to Section 13 and 15(d)

Segments and Geographic Information (Tables)

v3.24.0.1
Segments and Geographic Information (Tables)
 12 Months Ended
Dec. 31, 2023
Segment Reporting [Abstract]  
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, 2023
Sirius XM Pandora and Off-platform Total
Revenue
Subscriber revenue $ 6,342  $ 524  $ 6,866 
Advertising revenue 169  1,589  1,758 
Equipment revenue 193  —  193 
Other revenue 136  —  136 
Total revenue 6,840  2,113  8,953 
Cost of services (a)
(2,689) (1,475) (4,164)
Segment gross profit $ 4,151  $ 638  $ 4,789 
For the Year Ended December 31, 2022
Sirius XM Pandora and Off-platform Total
Revenue
Subscriber revenue $ 6,370  $ 522  $ 6,892 
Advertising revenue 196  1,576  1,772 
Equipment revenue 189  —  189 
Other revenue 150  —  150 
Total revenue 6,905  2,098  9,003 
Cost of services (b)
(2,641) (1,443) (4,084)
Segment gross profit $ 4,264  $ 655  $ 4,919 
For the Year Ended December 31, 2021
Sirius XM Pandora and Off-platform Total
Revenue
Subscriber revenue $ 6,084  $ 530  $ 6,614 
Advertising revenue 188  1,542  1,730 
Equipment revenue 201  —  201 
Other revenue 151  —  151 
Total revenue 6,624  2,072  8,696 
Cost of services (c)
(2,594) (1,329) (3,923)
Segment gross profit $ 4,030  $ 743  $ 4,773 
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 Year Ended December 31, 2023
Segment Gross Profit $ 4,789 
Subscriber acquisition costs (359)
Sales and marketing (a)
(886)
Engineering, design and development (a)
(276)
General and administrative (a)
(502)
Depreciation and amortization (554)
Share-based payment expense (184)
Impairment, restructuring and acquisition costs (82)
Total other (expense) income (428)
Consolidated income before income taxes $ 1,518 
(a)     Share-based payment expense of $45 related to cost of services, $45 related to sales and marketing, $46 related to engineering, design and development and $48 related to general and administrative has been excluded for the year ended December 31, 2023.
The reconciliation between reportable segment gross profit to consolidated income before income tax is as follows:
For the Year Ended December 31, 2022
Segment Gross Profit $ 4,919 
Subscriber acquisition costs (352)
Sales and marketing (b)
(1,023)
Engineering, design and development (b)
(246)
General and administrative (b)
(465)
Depreciation and amortization (536)
Share-based payment expense (197)
Impairment, restructuring and acquisition costs (64)
Total other (expense) income (431)
Consolidated income before income taxes $ 1,605 
(b)     Share-based payment expense of $46 related to cost of services, $52 related to sales and marketing, $39 related to engineering, design and development and $60 related to general and administrative has been excluded for the year ended December 31, 2022.
The reconciliation between reportable segment gross profit to consolidated income before income tax is as follows:
For the Year Ended December 31, 2021
Segment Gross Profit $ 4,773 
Subscriber acquisition costs (325)
Sales and marketing (c)
(998)
Engineering, design and development (c)
(229)
General and administrative (c)
(451)
Depreciation and amortization (533)
Share-based payment expense (202)
Impairment, restructuring and acquisition costs (20)
Total other (expense) income (489)
Consolidated income before income taxes $ 1,526 
(c)     Share-based payment expense of $45 related to cost of services, $58 related to sales and marketing, $36 related to engineering, design and development and $63 related to general and administrative has been excluded for the year ended December 31, 2021.