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Annual report pursuant to Section 13 and 15(d)

Intangible Assets (Tables)

v3.8.0.1
Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2017
Goodwill and Other Intangible Assets Ìý
Goodwill

Changes in the carrying amount of goodwill are as follows:

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, 2016

$

14,165

Ìý

Ìý—

Ìý

180

Ìý

14,345

Ìý

Other

Ìý

Ìý—

Ìý

Ìý—

Ìý

Ìý—

Ìý

Ìý—

Ìý

Balance at DecemberÌý31, 2016

Ìý

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

$

14,247

Ìý

3,956

Ìý

180

Ìý

18,383

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,Ìý2017

Ìý

DecemberÌý31,Ìý2016

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

(157)

Ìý

3,473

Ìý

Ìý—

Ìý

Ìý—

Ìý

Ìý—

Ìý

Customer relationships

Ìý

Ìý

2,684

Ìý

(501)

Ìý

2,183

Ìý

830

Ìý

(228)

Ìý

602

Ìý

Licensing agreements

Ìý

Ìý

330

Ìý

(138)

Ìý

192

Ìý

316

Ìý

(109)

Ìý

207

Ìý

Other

Ìý

Ìý

798

Ìý

(515)

Ìý

283

Ìý

686

Ìý

(423)

Ìý

263

Ìý

Total

Ìý

$

7,442

Ìý

(1,311)

Ìý

6,131

Ìý

1,832

Ìý

(760)

Ìý

1,072

Ìý

Ìý

Schedule of future amortization expense

Based on its amortizable intangible assets as of DecemberÌý31, 2017, Liberty expects that amortization expense will be as follows for the next five years (amounts in millions):

Ìý

Ìý

Ìý

Ìý

Ìý

2018

ÌýÌýÌýÌý

$

611

Ìý

2019

Ìý

$

598

Ìý

2020

Ìý

$

502

Ìý

2021

Ìý

$

469

Ìý

2022

Ìý

$

433

Ìý

Ìý