Preliminary proxy statement not related to a contested matter or merger/acquisition

Pay vs Performance Disclosure

v3.25.1
Pay vs Performance Disclosure - USD ($)
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table
​ ​ ​ ​
Current PEO(1)
​ ​
Former PEO(1)
​ ​
Non-PEO NEOs(1)
​ ​
Value of initial fixed $100
investment based on:
​ ​
(millions)
​
​
Year
​ ​
Summary
Compensation
Table Total for
Current PEO
($)(2)
​ ​
Compensation
Actually Paid
to Current PEO
($)(3)
​ ​
Summary
Compensation
Table Total for
Former PEO
($)(2)
​ ​
Compensation
Actually Paid
to Former PEO
($)(3)
​ ​
Average
Summary
Compensation
Table Total for
non-PEO NEOs
($)(2)
​ ​
Average
Compensation
Actually Paid
to non-PEO
NEOs ($)(3)
​ ​
Total Shareholder
Return (“TSR”)
($)(4)
​ ​
Peer
Group
Total
TSR ($)(5)
​ ​
Net
Income
($)(6)
​ ​
Adjusted
OIBDA
($)(7)
​
​ 2024 ​ ​ ​ ​ 6,333,012 ​ ​ ​ ​ ​ 2,839,701 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 1,782,738 ​ ​ ​ ​ ​ 185,587 ​ ​ ​ ​ ​ QVCGA ​ ​ ​ ​ ​ 8.94 ​ ​ ​ ​ ​ 213.01 ​ ​ ​ ​ ​ (1,250) ​ ​ ​ ​ ​ 1,145 ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ QVCGB ​ ​ ​ ​ ​ 76.45 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ 2023 ​ ​ ​ ​ 5,146,654 ​ ​ ​ ​ ​ 3,734,393 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 1,582,600 ​ ​ ​ ​ ​ 1,951,767 ​ ​ ​ ​ ​ QVCGA ​ ​ ​ ​ ​ 23.73 ​ ​ ​ ​ ​ 159.36 ​ ​ ​ ​ ​ (94) ​ ​ ​ ​ ​ 1,148 ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ QVCGB ​ ​ ​ ​ ​ 173.00 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ 2022 ​ ​ ​ ​ 4,959,754 ​ ​ ​ ​ ​ (3,487,264) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 1,496,276 ​ ​ ​ ​ ​ (5,680,091) ​ ​ ​ ​ ​ QVCGA ​ ​ ​ ​ ​ 44.18 ​ ​ ​ ​ ​ 118.02 ​ ​ ​ ​ ​ (2,532) ​ ​ ​ ​ ​ 1,089 ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ QVCGB ​ ​ ​ ​ ​ 134.11 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ 2021 ​ ​ ​ ​ 16,225,908 ​ ​ ​ ​ ​ 12,457,043 ​ ​ ​ ​ ​ 14,937,691 ​ ​ ​ ​ ​ 9,414,897 ​ ​ ​ ​ ​ 6,235,544 ​ ​ ​ ​ ​ 1,458,313 ​ ​ ​ ​ ​ QVCGA ​ ​ ​ ​ ​ 205.99 ​ ​ ​ ​ ​ 169.06 ​ ​ ​ ​ ​ 421 ​ ​ ​ ​ ​ 2,126 ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ QVCGB ​ ​ ​ ​ ​ 201.04 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ 2020 ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 10,790,859 ​ ​ ​ ​ ​ 20,640,817 ​ ​ ​ ​ ​ 5,108,394 ​ ​ ​ ​ ​ 11,595,809 ​ ​ ​ ​ ​ QVCGA ​ ​ ​ ​ ​ 259.98 ​ ​ ​ ​ ​ 140.54 ​ ​ ​ ​ ​ 1,254 ​ ​ ​ ​ ​ 2,224 ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ QVCGB ​ ​ ​ ​ ​ 253.92 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​
(1)
Michael George was our Principal Executive Officer in 2020 and a portion of 2021 (our Former PEO). On October 1, 2021, Mr. Rawlinson succeeded Mr. George as our Principal Executive Officer and remained our Principal Executive Officer through 2024 (our Current PEO). Our named executive officers other than our Principal Executive Officer (non-PEO NEOs) for (a) each of the fiscal years 2020, 2021, 2022 and 2023 were Messrs. Maffei, Wendling and Albert Rosenthaler (our company’s former Chief Corporate Development Officer) and Ms. Wilm and (b) fiscal year 2024 were Messrs. Maffei and Wendling and Ms. Wilm.
​
(2)
Reflects, for each of our Current PEO and our Former PEO, the total compensation reported in the Summary Compensation Table and for the non-PEO NEOs, the average total compensation reported in the Summary Compensation Table in each of the fiscal years indicated.
​
(3)
Represents the compensation actually paid to each of our Current PEO, Former PEO and the non-PEO NEOs in each of the fiscal years indicated as computed in accordance with Item 402(v) of Regulation S-K and related SEC guidance, as set forth below:
​
Compensation actually paid to PEO and Non-PEO NEOs
​
​ ​ ​ ​
As Reported in Summary
Compensation Table(a)
​ ​
Equity Award Adjustments(b)
​ ​ ​ ​ ​ ​ ​
​
Year
​ ​
Total
​ ​
Stock
Awards
​ ​
Option
Awards
​ ​
Fair Value at
Year End of
Awards
Granted
During Year
that Remain
Outstanding
and
Unvested at
Year End(c)
​ ​
Year-over-
Year Change
in Fair Value
of Awards
Granted in
Prior Year
that Remain
Outstanding
and
Unvested at
Year End(d)
​ ​
Fair
Value at
Vesting
Date of
Awards
Granted
and
Vested in
Same
Year(e)
​ ​
Change in
Fair Value
from Prior
Year End to
Vesting Date
of Awards
Granted in
Prior Year
and Vested
in Covered
Year(f)
​ ​
Total
Compensation
Actually Paid
​
​
Current PEO
​
​ 2024 ​ ​ ​ ​ 6,333,012 ​ ​ ​ ​ ​ (4,598,131) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 1,233,645 ​ ​ ​ ​ ​ (128,825) ​ ​ ​ ​ ​ 2,839,701 ​ ​
​ 2023 ​ ​ ​ ​ 5,146,654 ​ ​ ​ ​ ​ (2,822,430) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (121,773) ​ ​ ​ ​ ​ 1,644,860 ​ ​ ​ ​ ​ (112,918) ​ ​ ​ ​ ​ 3,734,393 ​ ​
​ 2022 ​ ​ ​ ​ 4,959,754 ​ ​ ​ ​ ​ (2,926,974) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (5,662,379) ​ ​ ​ ​ ​ 971,684 ​ ​ ​ ​ ​ (829,349) ​ ​ ​ ​ ​ (3,487,264) ​ ​
​ 2021 ​ ​ ​ ​ 16,225,908 ​ ​ ​ ​ ​ (6,841,422) ​ ​ ​ ​ ​ (5,948,895) ​ ​ ​ ​ ​ 7,408,385 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 1,613,067 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 12,457,043 ​ ​
​ 2020 ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
​
Former PEO
​
​ 2024 ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
​ 2023 ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
​ 2022 ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
​ 2021 ​ ​ ​ ​ 14,937,691 ​ ​ ​ ​ ​ (10,923,797) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 5,401,003 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 9,414,897 ​ ​
​ 2020 ​ ​ ​ ​ 10,790,859 ​ ​ ​ ​ ​ (3,218,805) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 10,815,762 ​ ​ ​ ​ ​ 2,253,001 ​ ​ ​ ​ ​ 20,640,817 ​ ​
​
Non-PEO NEOs
​
​ 2024 ​ ​ ​ ​ 1,782,738 ​ ​ ​ ​ ​ (613,054) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 316,800 ​ ​ ​ ​ ​ (1,300,897) ​ ​ ​ ​ ​ 185,587 ​ ​
​ 2023 ​ ​ ​ ​ 1,582,600 ​ ​ ​ ​ ​ (564,487) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 399,967 ​ ​ ​ ​ ​ 622,383 ​ ​ ​ ​ ​ (88,696) ​ ​ ​ ​ ​ 1,951,767 ​ ​
​ 2022 ​ ​ ​ ​ 1,496,276 ​ ​ ​ ​ ​ (499,327) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (6,755,464) ​ ​ ​ ​ ​ 445,786 ​ ​ ​ ​ ​ (367,361) ​ ​ ​ ​ ​ (5,680,091) ​ ​
​ 2021 ​ ​ ​ ​ 6,235,544 ​ ​ ​ ​ ​ (4,643,301) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 2,092,510 ​ ​ ​ ​ ​ (2,747,860) ​ ​ ​ ​ ​ 521,421 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 1,458,313 ​ ​
​ 2020 ​ ​ ​ ​ 5,108,394 ​ ​ ​ ​ ​ (736,170) ​ ​ ​ ​ ​ (1,720,161) ​ ​ ​ ​ ​ 1,777,626 ​ ​ ​ ​ ​ 5,306,198 ​ ​ ​ ​ ​ 1,818,870 ​ ​ ​ ​ ​ 41,052 ​ ​ ​ ​ ​ 11,595,809 ​ ​
​
(a)
Reflects, for each of our Current PEO and Former PEO, the applicable amounts reported in the Summary Compensation Table and for the non-PEO NEOs, the average of the applicable amounts reported in the Summary Compensation Table in each of the fiscal years indicated.
​
(b)
The adjustments made to the fair value of equity awards in accordance with Item 402(v) of Regulation S-K do not include adjustments for dividends paid or the fair value of equity awards received in lieu of cash compensation foregone at a named executive officer’s election where such amounts are reported in the Salary, Bonus or All Other Compensation columns of the Summary Compensation Table in accordance with SEC guidance.
​
(c)
Reflects, with respect to each of our Current PEO and Former PEO, the fair value and, with respect to the non-PEO NEOs, the average of the fair values, as of the end of the covered fiscal year of awards granted in, and remaining outstanding and unvested (in whole or in part) as of the end of, the covered fiscal year.
​
(d)
Reflects, with respect to each of our Current PEO and Former PEO, the change in fair value, and with respect to the non-PEO NEOs, the average of the change in fair values, from the end of the prior fiscal year to the end of the covered fiscal year of awards granted in prior fiscal years that remained outstanding and unvested (in whole or in part) as of the end of the covered fiscal year.
​
(e)
Reflects, with respect to each of our Current PEO and Former PEO, the fair value, and with respect to the non-PEO NEOs, the average of the fair values, as of the day awards became vested in the covered fiscal year, when such awards were also granted in the covered fiscal year.
​
(f)
Reflects, with respect to each of our Current PEO and Former PEO, the change in fair value, and with respect to the non-PEO NEOs, the average of the change in fair values, from the end of the prior fiscal year to the day awards became vested in the covered fiscal year, when such awards were granted in a prior fiscal year.
​
(4)
For each covered fiscal year, represents the cumulative total stockholder return on an initial fixed $100 investment in each of our Series A and Series B common stock (Nasdaq: QVCGA and QVCGB) from December 31, 2019 through December 31 of each covered fiscal year.
​
(5)
For each covered fiscal year, represents the cumulative total stockholder return on an initial fixed $100 investment in the S&P 500 Retail Index from December 31, 2019 through December 31 of each covered fiscal year.
​
(6)
Represents the amount of net income reflected in our consolidated financial statements for each covered fiscal year.
​
(7)
We define Adjusted OIBDA as operating income (loss) plus depreciation and amortization, stock-based compensation, separately reported litigation settlements, transaction related costs (including acquisition, restructuring, integration, and advisory fees), impairment charges and fire-related costs. For purposes of this disclosure, Adjusted OIBDA includes our attributable interests in our equity investments.
       
Company Selected Measure Name Adjusted OIBDA        
Named Executive Officers, Footnote
(1)
Michael George was our Principal Executive Officer in 2020 and a portion of 2021 (our Former PEO). On October 1, 2021, Mr. Rawlinson succeeded Mr. George as our Principal Executive Officer and remained our Principal Executive Officer through 2024 (our Current PEO). Our named executive officers other than our Principal Executive Officer (non-PEO NEOs) for (a) each of the fiscal years 2020, 2021, 2022 and 2023 were Messrs. Maffei, Wendling and Albert Rosenthaler (our company’s former Chief Corporate Development Officer) and Ms. Wilm and (b) fiscal year 2024 were Messrs. Maffei and Wendling and Ms. Wilm.
       
Peer Group Issuers, Footnote
(5)
For each covered fiscal year, represents the cumulative total stockholder return on an initial fixed $100 investment in the S&P 500 Retail Index from December 31, 2019 through December 31 of each covered fiscal year.
       
Adjustment To PEO Compensation, Footnote
(3)
Represents the compensation actually paid to each of our Current PEO, Former PEO and the non-PEO NEOs in each of the fiscal years indicated as computed in accordance with Item 402(v) of Regulation S-K and related SEC guidance, as set forth below:
​
Compensation actually paid to PEO and Non-PEO NEOs
​
​ ​ ​ ​
As Reported in Summary
Compensation Table(a)
​ ​
Equity Award Adjustments(b)
​ ​ ​ ​ ​ ​ ​
​
Year
​ ​
Total
​ ​
Stock
Awards
​ ​
Option
Awards
​ ​
Fair Value at
Year End of
Awards
Granted
During Year
that Remain
Outstanding
and
Unvested at
Year End(c)
​ ​
Year-over-
Year Change
in Fair Value
of Awards
Granted in
Prior Year
that Remain
Outstanding
and
Unvested at
Year End(d)
​ ​
Fair
Value at
Vesting
Date of
Awards
Granted
and
Vested in
Same
Year(e)
​ ​
Change in
Fair Value
from Prior
Year End to
Vesting Date
of Awards
Granted in
Prior Year
and Vested
in Covered
Year(f)
​ ​
Total
Compensation
Actually Paid
​
​
Current PEO
​
​ 2024 ​ ​ ​ ​ 6,333,012 ​ ​ ​ ​ ​ (4,598,131) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 1,233,645 ​ ​ ​ ​ ​ (128,825) ​ ​ ​ ​ ​ 2,839,701 ​ ​
​ 2023 ​ ​ ​ ​ 5,146,654 ​ ​ ​ ​ ​ (2,822,430) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (121,773) ​ ​ ​ ​ ​ 1,644,860 ​ ​ ​ ​ ​ (112,918) ​ ​ ​ ​ ​ 3,734,393 ​ ​
​ 2022 ​ ​ ​ ​ 4,959,754 ​ ​ ​ ​ ​ (2,926,974) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (5,662,379) ​ ​ ​ ​ ​ 971,684 ​ ​ ​ ​ ​ (829,349) ​ ​ ​ ​ ​ (3,487,264) ​ ​
​ 2021 ​ ​ ​ ​ 16,225,908 ​ ​ ​ ​ ​ (6,841,422) ​ ​ ​ ​ ​ (5,948,895) ​ ​ ​ ​ ​ 7,408,385 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 1,613,067 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 12,457,043 ​ ​
​ 2020 ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
​
Former PEO
​
​ 2024 ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
​ 2023 ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
​ 2022 ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
​ 2021 ​ ​ ​ ​ 14,937,691 ​ ​ ​ ​ ​ (10,923,797) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 5,401,003 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 9,414,897 ​ ​
​ 2020 ​ ​ ​ ​ 10,790,859 ​ ​ ​ ​ ​ (3,218,805) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 10,815,762 ​ ​ ​ ​ ​ 2,253,001 ​ ​ ​ ​ ​ 20,640,817 ​ ​
​
Non-PEO NEOs
​
​ 2024 ​ ​ ​ ​ 1,782,738 ​ ​ ​ ​ ​ (613,054) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 316,800 ​ ​ ​ ​ ​ (1,300,897) ​ ​ ​ ​ ​ 185,587 ​ ​
​ 2023 ​ ​ ​ ​ 1,582,600 ​ ​ ​ ​ ​ (564,487) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 399,967 ​ ​ ​ ​ ​ 622,383 ​ ​ ​ ​ ​ (88,696) ​ ​ ​ ​ ​ 1,951,767 ​ ​
​ 2022 ​ ​ ​ ​ 1,496,276 ​ ​ ​ ​ ​ (499,327) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (6,755,464) ​ ​ ​ ​ ​ 445,786 ​ ​ ​ ​ ​ (367,361) ​ ​ ​ ​ ​ (5,680,091) ​ ​
​ 2021 ​ ​ ​ ​ 6,235,544 ​ ​ ​ ​ ​ (4,643,301) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 2,092,510 ​ ​ ​ ​ ​ (2,747,860) ​ ​ ​ ​ ​ 521,421 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 1,458,313 ​ ​
​ 2020 ​ ​ ​ ​ 5,108,394 ​ ​ ​ ​ ​ (736,170) ​ ​ ​ ​ ​ (1,720,161) ​ ​ ​ ​ ​ 1,777,626 ​ ​ ​ ​ ​ 5,306,198 ​ ​ ​ ​ ​ 1,818,870 ​ ​ ​ ​ ​ 41,052 ​ ​ ​ ​ ​ 11,595,809 ​ ​
​
(a)
Reflects, for each of our Current PEO and Former PEO, the applicable amounts reported in the Summary Compensation Table and for the non-PEO NEOs, the average of the applicable amounts reported in the Summary Compensation Table in each of the fiscal years indicated.
​
(b)
The adjustments made to the fair value of equity awards in accordance with Item 402(v) of Regulation S-K do not include adjustments for dividends paid or the fair value of equity awards received in lieu of cash compensation foregone at a named executive officer’s election where such amounts are reported in the Salary, Bonus or All Other Compensation columns of the Summary Compensation Table in accordance with SEC guidance.
​
(c)
Reflects, with respect to each of our Current PEO and Former PEO, the fair value and, with respect to the non-PEO NEOs, the average of the fair values, as of the end of the covered fiscal year of awards granted in, and remaining outstanding and unvested (in whole or in part) as of the end of, the covered fiscal year.
​
(d)
Reflects, with respect to each of our Current PEO and Former PEO, the change in fair value, and with respect to the non-PEO NEOs, the average of the change in fair values, from the end of the prior fiscal year to the end of the covered fiscal year of awards granted in prior fiscal years that remained outstanding and unvested (in whole or in part) as of the end of the covered fiscal year.
​
(e)
Reflects, with respect to each of our Current PEO and Former PEO, the fair value, and with respect to the non-PEO NEOs, the average of the fair values, as of the day awards became vested in the covered fiscal year, when such awards were also granted in the covered fiscal year.
​
(f)
Reflects, with respect to each of our Current PEO and Former PEO, the change in fair value, and with respect to the non-PEO NEOs, the average of the change in fair values, from the end of the prior fiscal year to the day awards became vested in the covered fiscal year, when such awards were granted in a prior fiscal year.
       
Non-PEO NEO Average Total Compensation Amount $ 1,782,738 $ 1,582,600 $ 1,496,276 $ 6,235,544 $ 5,108,394
Non-PEO NEO Average Compensation Actually Paid Amount $ 185,587 1,951,767 (5,680,091) 1,458,313 11,595,809
Adjustment to Non-PEO NEO Compensation Footnote
(3)
Represents the compensation actually paid to each of our Current PEO, Former PEO and the non-PEO NEOs in each of the fiscal years indicated as computed in accordance with Item 402(v) of Regulation S-K and related SEC guidance, as set forth below:
​
Compensation actually paid to PEO and Non-PEO NEOs
​
​ ​ ​ ​
As Reported in Summary
Compensation Table(a)
​ ​
Equity Award Adjustments(b)
​ ​ ​ ​ ​ ​ ​
​
Year
​ ​
Total
​ ​
Stock
Awards
​ ​
Option
Awards
​ ​
Fair Value at
Year End of
Awards
Granted
During Year
that Remain
Outstanding
and
Unvested at
Year End(c)
​ ​
Year-over-
Year Change
in Fair Value
of Awards
Granted in
Prior Year
that Remain
Outstanding
and
Unvested at
Year End(d)
​ ​
Fair
Value at
Vesting
Date of
Awards
Granted
and
Vested in
Same
Year(e)
​ ​
Change in
Fair Value
from Prior
Year End to
Vesting Date
of Awards
Granted in
Prior Year
and Vested
in Covered
Year(f)
​ ​
Total
Compensation
Actually Paid
​
​
Current PEO
​
​ 2024 ​ ​ ​ ​ 6,333,012 ​ ​ ​ ​ ​ (4,598,131) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 1,233,645 ​ ​ ​ ​ ​ (128,825) ​ ​ ​ ​ ​ 2,839,701 ​ ​
​ 2023 ​ ​ ​ ​ 5,146,654 ​ ​ ​ ​ ​ (2,822,430) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (121,773) ​ ​ ​ ​ ​ 1,644,860 ​ ​ ​ ​ ​ (112,918) ​ ​ ​ ​ ​ 3,734,393 ​ ​
​ 2022 ​ ​ ​ ​ 4,959,754 ​ ​ ​ ​ ​ (2,926,974) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (5,662,379) ​ ​ ​ ​ ​ 971,684 ​ ​ ​ ​ ​ (829,349) ​ ​ ​ ​ ​ (3,487,264) ​ ​
​ 2021 ​ ​ ​ ​ 16,225,908 ​ ​ ​ ​ ​ (6,841,422) ​ ​ ​ ​ ​ (5,948,895) ​ ​ ​ ​ ​ 7,408,385 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 1,613,067 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 12,457,043 ​ ​
​ 2020 ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
​
Former PEO
​
​ 2024 ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
​ 2023 ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
​ 2022 ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
​ 2021 ​ ​ ​ ​ 14,937,691 ​ ​ ​ ​ ​ (10,923,797) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 5,401,003 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 9,414,897 ​ ​
​ 2020 ​ ​ ​ ​ 10,790,859 ​ ​ ​ ​ ​ (3,218,805) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 10,815,762 ​ ​ ​ ​ ​ 2,253,001 ​ ​ ​ ​ ​ 20,640,817 ​ ​
​
Non-PEO NEOs
​
​ 2024 ​ ​ ​ ​ 1,782,738 ​ ​ ​ ​ ​ (613,054) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 316,800 ​ ​ ​ ​ ​ (1,300,897) ​ ​ ​ ​ ​ 185,587 ​ ​
​ 2023 ​ ​ ​ ​ 1,582,600 ​ ​ ​ ​ ​ (564,487) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 399,967 ​ ​ ​ ​ ​ 622,383 ​ ​ ​ ​ ​ (88,696) ​ ​ ​ ​ ​ 1,951,767 ​ ​
​ 2022 ​ ​ ​ ​ 1,496,276 ​ ​ ​ ​ ​ (499,327) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (6,755,464) ​ ​ ​ ​ ​ 445,786 ​ ​ ​ ​ ​ (367,361) ​ ​ ​ ​ ​ (5,680,091) ​ ​
​ 2021 ​ ​ ​ ​ 6,235,544 ​ ​ ​ ​ ​ (4,643,301) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 2,092,510 ​ ​ ​ ​ ​ (2,747,860) ​ ​ ​ ​ ​ 521,421 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 1,458,313 ​ ​
​ 2020 ​ ​ ​ ​ 5,108,394 ​ ​ ​ ​ ​ (736,170) ​ ​ ​ ​ ​ (1,720,161) ​ ​ ​ ​ ​ 1,777,626 ​ ​ ​ ​ ​ 5,306,198 ​ ​ ​ ​ ​ 1,818,870 ​ ​ ​ ​ ​ 41,052 ​ ​ ​ ​ ​ 11,595,809 ​ ​
​
(a)
Reflects, for each of our Current PEO and Former PEO, the applicable amounts reported in the Summary Compensation Table and for the non-PEO NEOs, the average of the applicable amounts reported in the Summary Compensation Table in each of the fiscal years indicated.
​
(b)
The adjustments made to the fair value of equity awards in accordance with Item 402(v) of Regulation S-K do not include adjustments for dividends paid or the fair value of equity awards received in lieu of cash compensation foregone at a named executive officer’s election where such amounts are reported in the Salary, Bonus or All Other Compensation columns of the Summary Compensation Table in accordance with SEC guidance.
​
(c)
Reflects, with respect to each of our Current PEO and Former PEO, the fair value and, with respect to the non-PEO NEOs, the average of the fair values, as of the end of the covered fiscal year of awards granted in, and remaining outstanding and unvested (in whole or in part) as of the end of, the covered fiscal year.
​
(d)
Reflects, with respect to each of our Current PEO and Former PEO, the change in fair value, and with respect to the non-PEO NEOs, the average of the change in fair values, from the end of the prior fiscal year to the end of the covered fiscal year of awards granted in prior fiscal years that remained outstanding and unvested (in whole or in part) as of the end of the covered fiscal year.
​
(e)
Reflects, with respect to each of our Current PEO and Former PEO, the fair value, and with respect to the non-PEO NEOs, the average of the fair values, as of the day awards became vested in the covered fiscal year, when such awards were also granted in the covered fiscal year.
​
(f)
Reflects, with respect to each of our Current PEO and Former PEO, the change in fair value, and with respect to the non-PEO NEOs, the average of the change in fair values, from the end of the prior fiscal year to the day awards became vested in the covered fiscal year, when such awards were granted in a prior fiscal year.
       
Compensation Actually Paid vs. Total Shareholder Return
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Compensation Actually Paid vs. Net Income
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Compensation Actually Paid vs. Company Selected Measure
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Total Shareholder Return Vs Peer Group
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Tabular List, Table
The table below contains an unranked list of the most important financial performance measures we use to link executive compensation actually paid to performance.
Key Financial Performance Measures
Revenue
Adjusted OIBDA
Free Cash Flow
       
Peer Group Total Shareholder Return Amount $ 213.01 159.36 118.02 169.06 140.54
Net Income (Loss) $ (1,250,000,000) $ (94,000,000) $ (2,532,000,000) $ 421,000,000 $ 1,254,000,000
Company Selected Measure Amount 1,145,000,000 1,148,000,000 1,089,000,000 2,126,000,000 2,224,000,000
PEO Name Mr. Rawlinson        
Total Shareholder Return Amount, Series A Common Stock $ 8.94 $ 23.73 $ 44.18 $ 205.99 $ 259.98
Total Shareholder Return Amount, Series B Common Stock $ 76.45 173 134.11 201.04 253.92
Measure:: 1          
Pay vs Performance Disclosure          
Name Revenue        
Measure:: 2          
Pay vs Performance Disclosure          
Name Adjusted OIBDA        
Non-GAAP Measure Description
(7)
We define Adjusted OIBDA as operating income (loss) plus depreciation and amortization, stock-based compensation, separately reported litigation settlements, transaction related costs (including acquisition, restructuring, integration, and advisory fees), impairment charges and fire-related costs. For purposes of this disclosure, Adjusted OIBDA includes our attributable interests in our equity investments.
       
Measure:: 3          
Pay vs Performance Disclosure          
Name Free Cash Flow        
David Rawlinson II Member          
Pay vs Performance Disclosure          
PEO Total Compensation Amount $ 6,333,012 5,146,654 4,959,754 16,225,908
PEO Actually Paid Compensation Amount 2,839,701 3,734,393 (3,487,264) 12,457,043
Michael George Member          
Pay vs Performance Disclosure          
PEO Total Compensation Amount 14,937,691 10,790,859
PEO Actually Paid Compensation Amount 9,414,897 20,640,817
PEO | David Rawlinson II Member | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 7,408,385
PEO | David Rawlinson II Member | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (121,773) (5,662,379)
PEO | David Rawlinson II Member | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 1,233,645 1,644,860 971,684 1,613,067
PEO | David Rawlinson II Member | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (128,825) (112,918) (829,349)
PEO | David Rawlinson II Member | Stock Awards Value In Compensation Table For Applicable Year Member          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (4,598,131) (2,822,430) (2,926,974) (6,841,422)
PEO | David Rawlinson II Member | Option Awards Value In Compensation Table For Applicable Year Member          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (5,948,895)
PEO | Michael George Member | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount
PEO | Michael George Member | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount
PEO | Michael George Member | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 5,401,003 10,815,762
PEO | Michael George Member | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 2,253,001
PEO | Michael George Member | Stock Awards Value In Compensation Table For Applicable Year Member          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (10,923,797) (3,218,805)
PEO | Michael George Member | Option Awards Value In Compensation Table For Applicable Year Member          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 2,092,510 1,777,626
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 399,967 (6,755,464) (2,747,860) 5,306,198
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 316,800 622,383 445,786 521,421 1,818,870
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (1,300,897) (88,696) (367,361) 41,052
Non-PEO NEO | Stock Awards Value In Compensation Table For Applicable Year Member          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (613,054) (564,487) (499,327) (4,643,301) (736,170)
Non-PEO NEO | Option Awards Value In Compensation Table For Applicable Year Member          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (1,720,161)