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Annual report pursuant to Section 13 and 15(d)

Goodwill and Other Intangible Assets (Tables)

v3.10.0.1
Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2018
Goodwill and Other Intangible Assets Ìý
Goodwill

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

SIRIUSÌýXM

Ìý

Formula 1

ÌýÌýÌýÌý

Other

ÌýÌýÌýÌý

Total

Ìý

Ìý

amounts in millions

Ìý

Balance at January 1, 2017

$

14,165

Ìý

Ìý—

Ìý

180

Ìý

14,345

Ìý

Acquisitions (a) (b)

Ìý

82

Ìý

3,956

Ìý

Ìý—

Ìý

4,038

Ìý

Balance at DecemberÌý31, 2017

Ìý

14,247

Ìý

3,956

Ìý

180

Ìý

18,383

Ìý

Acquisitions

Ìý

Ìý3

Ìý

Ìý—

Ìý

Ìý—

Ìý

Ìý3

Ìý

Balance at DecemberÌý31, 2018

$

14,250

Ìý

3,956

Ìý

180

Ìý

18,386

Ìý


(a)

On AprilÌý18, 2017, SIRIUSÌýXM acquired Automatic Labs Inc., a connected vehicle device and mobile application company, for an aggregate purchase price of approximately $108Ìýmillion, net of cash and restricted cash acquired. The excess purchase price over identifiable net assets of $82Ìýmillion was recorded to goodwill.

(b)

See noteÌý5 for details regarding the FormulaÌý1 acquisition.

Schedule of intangible assets subject to amortization

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

DecemberÌý31,Ìý2018

Ìý

DecemberÌý31,Ìý2017

Ìý

Ìý

ÌýÌýÌýÌý

Gross

ÌýÌýÌýÌý

Ìý

ÌýÌýÌýÌý

Net

ÌýÌýÌýÌý

Gross

ÌýÌýÌýÌý

Ìý

ÌýÌýÌýÌý

Net

Ìý

Ìý

Ìý

carrying

Ìý

Accumulated

Ìý

carrying

Ìý

carrying

Ìý

Accumulated

Ìý

carrying

Ìý

Ìý

Ìý

amount

Ìý

amortization

Ìý

amount

Ìý

amount

Ìý

amortization

Ìý

amount

Ìý

Ìý

Ìý

amountsÌýinÌýmillions

Ìý

FIA Agreement

Ìý

$

3,630

Ìý

(346)

Ìý

3,284

Ìý

3,630

Ìý

(157)

Ìý

3,473

Ìý

Customer relationships

Ìý

Ìý

2,684

Ìý

(795)

Ìý

1,889

Ìý

2,684

Ìý

(501)

Ìý

2,183

Ìý

Licensing agreements

Ìý

Ìý

351

Ìý

(182)

Ìý

169

Ìý

330

Ìý

(138)

Ìý

192

Ìý

Other

Ìý

Ìý

1,012

Ìý

(639)

Ìý

373

Ìý

879

Ìý

(535)

Ìý

344

Ìý

Total

Ìý

$

7,677

Ìý

(1,962)

Ìý

5,715

Ìý

7,523

Ìý

(1,331)

Ìý

6,192

Ìý

Ìý

Schedule of future amortization expense

Based on its amortizable intangible assets as of DecemberÌý31, 2018, Liberty expects that amortization expense will be as follows for the next five years (amounts in millions):

Ìý

Ìý

Ìý

Ìý

Ìý

2019

ÌýÌýÌýÌý

$

669

Ìý

2020

Ìý

$

640

Ìý

2021

Ìý

$

477

Ìý

2022

Ìý

$

416

Ìý

2023

Ìý

$

388

Ìý

Ìý