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Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets (Tables)

v3.8.0.1
Intangible Assets (Tables)
9 Months Ended
Sep. 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

82

Ìý

3,968

Ìý

Ìý—

Ìý

4,050

Ìý

Balance at September 30, 2017

Ìý

$

14,247

Ìý

3,968

Ìý

180

Ìý

18,395

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 $108 million, net of cash and restricted cash acquired. The excess purchase price over identifiable net assets of $82 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

September 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

(114)

Ìý

3,516

Ìý

Ìý—

Ìý

Ìý—

Ìý

Ìý—

Ìý

Customer relationships

Ìý

Ìý

2,684

Ìý

(432)

Ìý

2,252

Ìý

830

Ìý

(228)

Ìý

602

Ìý

Licensing agreements

Ìý

Ìý

330

Ìý

(131)

Ìý

199

Ìý

316

Ìý

(109)

Ìý

207

Ìý

Other

Ìý

Ìý

720

Ìý

(445)

Ìý

275

Ìý

686

Ìý

(423)

Ìý

263

Ìý

Total

Ìý

$

7,364

Ìý

(1,122)

Ìý

6,242

Ìý

1,832

Ìý

(760)

Ìý

1,072

Ìý

Ìý

Schedule of future amortization expense

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

Ìý

Ìý

Ìý

Ìý

Ìý

Remainder of 2017

ÌýÌýÌýÌý

$

149

Ìý

2018

Ìý

$

668

Ìý

2019

Ìý

$

566

Ìý

2020

Ìý

$

537

Ìý

2021

Ìý

$

490

Ìý

Ìý