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Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets (Tables)

v3.7.0.1
Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2017
Goodwill and Other Intangible Assets Ìý
Goodwill

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

ÌýÌýÌýÌý

SIRIUSÌýXM

ÌýÌýÌýÌý

Formula 1

Ìý

Other

ÌýÌýÌýÌý

Total

Ìý

Ìý

Ìý

amountsÌýinÌýmillions

Ìý

Balance at JanuaryÌý1, 2017

Ìý

$

14,165

Ìý

Ìý—

Ìý

180

Ìý

14,345

Ìý

Acquisitions (a) (b)

Ìý

Ìý

85

Ìý

3,968

Ìý

Ìý—

Ìý

4,053

Ìý

Balance at June 30, 2017

Ìý

$

14,250

Ìý

3,968

Ìý

180

Ìý

18,398

Ìý


(a)ÌýÌýÌýOn AprilÌý18, 2017, Sirius XM acquired Automatic Labs Inc., a connected vehicle device and mobile application company, for an aggregate purchase price of approximately $107 million, net of cash and restricted cash acquired. The excess purchase price over identifiable net assets of $85 million was record to goodwill.

(b)ÌýÌýÌýSee note 3 for details regarding the Formula 1 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

June 30, 2017

Ìý

December 31, 2016

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

(72)

Ìý

3,558

Ìý

Ìý—

Ìý

Ìý—

Ìý

Ìý—

Ìý

Customer relationships

Ìý

Ìý

2,684

Ìý

(360)

Ìý

2,324

Ìý

830

Ìý

(228)

Ìý

602

Ìý

Licensing agreements

Ìý

Ìý

330

Ìý

(123)

Ìý

207

Ìý

316

Ìý

(109)

Ìý

207

Ìý

Other

Ìý

Ìý

761

Ìý

(477)

Ìý

284

Ìý

686

Ìý

(423)

Ìý

263

Ìý

Total

Ìý

$

7,405

Ìý

(1,032)

Ìý

6,373

Ìý

1,832

Ìý

(760)

Ìý

1,072

Ìý

Ìý

Schedule of future amortization expense

Based on its amortizable intangible assets as of June 30, 2017, Liberty expects that amortization expense will be as follows for the next five years (amounts in millions):

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Remainder of 2017

ÌýÌýÌýÌý

$

314

Ìý

2018

Ìý

$

652

Ìý

2019

Ìý

$

561

Ìý

2020

Ìý

$

540

Ìý

2021

Ìý

$

489

Ìý

Ìý