jvid视频 Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Long-Term Debt (Tables)

Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2017

听

听	听	听	听	听	听	听	听	听	听
听	听	Outstanding		听	Carrying听value				听
听	听听听听	Principal		听听听听	December听31,		听听听听	December听31,	听
听	听	December听31,听2017		听	听2017		听	听2016	听
Liberty SiriusXM Group	听	听	听	听	听	听	听	听	听
Corporate level notes and loans:	听	听	听	听	听	听	听	听	听
Margin loans	听	$	750	听	听	750	听	250	听
Subsidiary notes and loans:	听	听	听	听	听	听	听	听	听
SIRIUS XM 5.75% Senior Notes due 2021	听	听	听鈥�	听	听	听鈥�	听	596	听
SIRIUS XM 5.25% Senior Secured Notes due 2022	听	听	听鈥�	听	听	听鈥�	听	405	听
SIRIUS XM 4.25% Senior Notes due 2020	听	听	听鈥�	听	听	听鈥�	听	497	听
SIRIUS XM 3.875% Senior Notes due 2022	听	听	1,000	听	听	992	听	听鈥�	听
SIRIUS XM 4.625% Senior Notes due 2023	听	听	500	听	听	497	听	496	听
SIRIUS XM 6% Senior Notes due 2024	听	听	1,500	听	听	1,488	听	1,487	听
SIRIUS XM 5.375% Senior Notes due 2025	听	听	1,000	听	听	991	听	990	听
SIRIUS XM 5.375% Senior Notes due 2026	听	听	1,000	听	听	990	听	989	听
SIRIUS XM 5.0% Senior Notes due 2027	听	听	1,500	听	听	1,486	听	听鈥�	听
SIRIUS XM Senior Secured Revolving Credit Facility	听	听	300	听	听	300	听	390	听
SIRIUS XM leases	听	听	11	听	听	11	听	14	听
Less deferred financing costs	听	听	听	听	听	(9)	听	(7)	听
Total Liberty SiriusXM Group	听	听	7,561	听	听	7,496	听	6,107	听
Braves Group	听	听	听	听	听	听	听	听	听
Subsidiary notes and loans:	听	听	听	听	听	听	听	听	听
Notes and loans	听	听	667	听	听	667	听	338	听
Less deferred financing costs	听	听	听	听	听	(5)	听	(10)	听
Total Braves Group	听	听	667	听	听	662	听	328	听
Formula One Group	听	听	听	听	听	听	听	听	听
Corporate level notes and loans:	听	听	听	听	听	听	听	听	听
1.375% Cash Convertible Notes due 2023	听	听	1,000	听	听	1,146	听	1,076	听
1% Cash Convertible Notes due 2023	听	听	450	听	听	505	听	听鈥�	听
2.25% Exchangeable Senior Debentures due 2046	听	听	445	听	听	464	听	470	听
Live Nation Margin Loan	听	听	350	听	听	350	听	听鈥�	听
Other	听	听	35	听	听	35	听	37	听
Subsidiary notes and loans:	听	听	听	听	听	听	听	听	听
Bank Loans	听	听	3,302	听	听	3,314	听	听鈥�	听
Less deferred financing costs	听	听	听	听	听	(18)	听	听鈥�	听
Total Formula One Group	听	听	5,582	听	听	5,796	听	1,583	听
Total debt	听	$	13,810	听	听	13,954	听	8,018	听
Less debt classified as current	听	听	听	听	听	(768)	听	(5)	听
Total long-term debt	听	听	听	听	$	13,186	听	8,013	听

听

Schedule of Braves Holdings Debt

听	听	听	听	听	听	听	听	听	听	听	听
听	Carrying听value				听	As of December 31, 2017			听	听	听
听	December听31,		听听听听	December听31,	听	Borrowing	听	Weighted avg	听	Maturity	听
听	听2017		听	听2016	听	Capacity	听	interest rate	听	Date	听
听	amounts in millions						听	听	听	听	听
Operating credit facilities	$	98	听	61	听	185	听	2.43%	听	various	听
Ballpark funding	听	听	听	听	听	听	听	听	听	听	听
Term loan	听	55	听	10	听	55	听	3.06%	听	August 2021	听
Senior secured note	听	200	听	200	听	200	听	3.77%	听	August 2041	听
Floating rate notes	听	75	听	听鈥�	听	75	听	3.06%	听	September 2029	听
Mixed-use credit facilities (a)	听	200	听	67	听	237	听	3.85%	听	various	听
Spring training credit facility	听	39	听	听鈥�	听	40	听	2.56%	听	December 2022	听
Total Braves Holdings	$	667	听	338	听	792	听	听	听	听	听

(a)

As discussed in note听7, 464 thousand Time Warner shares with a fair value of $42听million were pledged as collateral to certain mixed-use facilities as of December听31, 2017.

Fair Value of Debt

The fair value, based on quoted market prices of the same instruments but not considered to be active markets (Level听2), of SIRIUS听XM鈥檚 publicly traded debt securities is as follows (amounts in millions):

听	听	听	听	听
听	听听听听	December听31,		听
听	听	2017		听
SIRIUS XM 3.875% Senior Notes due 2022	听	$	1,002	听
SIRIUS XM 4.625% Senior Notes due 2023	听	$	510	听
SIRIUS XM 6% Senior Notes due 2024	听	$	1,587	听
SIRIUS XM 5.375% Senior Notes due 2025	听	$	1,038	听
SIRIUS XM 5.375% Senior Notes due 2026	听	$	1,039	听
SIRIUS XM 5.0% Senior Notes due 2027	听	$	1,500	听

听

Schedule of Maturities of Long-term Debt

The annual principal maturities of outstanding debt obligations for each of the next five years is as follows (amounts in millions):

听	听	听	听	听
2018	听听听听	$	770	听
2019	听	$	544	听
2020	听	$	437	听
2021	听	$	59	听
2022	听	$	1,052	听

听

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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+ Details