Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets (Tables)

v3.21.1
Intangible Assets (Tables)
3 Months Ended
Mar. 31, 2021
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, 2020

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$

15,082

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3,956

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180

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19,218

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Acquisition (a)

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6

 

—

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—

 

6

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Balance at March 31, 2021

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$

15,088

 

3,956

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180

 

19,224

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(a) During the three months ended March 31, 2021, Sirius XM Holdings recorded additional goodwill related to adjustments to contingent consideration for the prior year acquisition of Stitcher.
Schedule of intangible assets subject to amortization

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March 31, 2021

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December 31, 2020

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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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(791)

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2,839

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3,630

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(742)

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2,888

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Customer relationships

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3,053

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(1,461)

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1,592

 

3,053

 

(1,389)

 

1,664

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Licensing agreements

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356

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(226)

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130

 

355

 

(221)

 

134

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Other

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1,799

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(1,128)

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671

 

1,748

 

(1,056)

 

692

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Total

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$

8,838

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(3,606)

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5,232

 

8,786

 

(3,408)

 

5,378

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Schedule of future amortization expense Based on its amortizable intangible assets as of March 31, 2021, Liberty expects that amortization expense will be as follows for the next five years (amounts in millions):

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Remainder of 2021

    

$

604

 

2022

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$

763

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2023

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$

544

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2024

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$

404

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2025

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$

350

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