Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets (Tables)

v3.19.3
Intangible Assets (Tables)
9 Months Ended
Sep. 30, 2019
Finite-Lived Intangible Assets [Line Items]  
Goodwill

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SIRIUS XM Holdings

    

Formula 1

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Other

    

Total

 

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amounts in millions

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Balance at January 1, 2019

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$

14,250

 

3,956

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180

 

18,386

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Acquisition (a)

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1,566

 

—

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—

 

1,566

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Balance at September 30, 2019

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$

15,816

 

3,956

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180

 

19,952

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(a) See note 3 for details regarding SIRIUS XM Holdings’ acquisition of Pandora.
Schedule of intangible assets subject to amortization

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September 30, 2019

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December 31, 2018

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Gross

    

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Net

    

Gross

    

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Net

 

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carrying

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Accumulated

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carrying

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carrying

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Accumulated

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carrying

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amount

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amortization

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amount

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amount

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amortization

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amount

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amounts in millions

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FIA Agreement

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$

3,630

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(494)

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3,136

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3,630

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(346)

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3,284

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Customer relationships

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3,086

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(1,040)

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2,046

 

2,684

 

(795)

 

1,889

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Licensing agreements

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316

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(179)

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137

 

316

 

(162)

 

154

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Other

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1,577

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(817)

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760

 

1,047

 

(659)

 

388

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Total

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$

8,609

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(2,530)

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6,079

 

7,677

 

(1,962)

 

5,715

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Schedule of future amortization expense Based on its amortizable intangible assets as of September 30, 2019, Liberty expects that amortization expense will be as follows for the next five years (amounts in millions):

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Remainder of 2019

    

$

202

 

2020

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$

801

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2021

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$

664

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2022

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$

574

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2023

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$

536

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