Annual report pursuant to Section 13 and 15(d)

Goodwill and Intangible Assets (Tables)

v3.20.4
Goodwill and Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2020
Finite-Lived Intangible Assets [Line Items]  
Goodwill

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​

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Sirius XM Holdings

​

Formula 1

    

Other

    

Total

 

​

amounts in millions

​

Balance at January 1, 2019

$

14,250

​

3,956

​

180

​

18,386

​

Acquisitions (a)

​

1,553

​

—

​

—

​

1,553

​

Balance at December 31, 2019

​

15,803

​

3,956

​

180

​

19,939

​

Acquisitions (b)

​

235

​

—

​

—

​

235

​

Impairments

​

(956)

​

—

​

—

​

(956)

​

Balance at December 31, 2020

$

15,082

​

3,956

​

180

​

19,218

​

(a) See note 5 for details regarding Sirius XM Holdings’ acquisition of Pandora.
(b) See note 5 for details regarding SiriusXM Holdings’ acquisitions of Simplecast and Stitcher.
Schedule of intangible assets subject to amortization

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December 31, 2020

​

December 31, 2019

 

​

    

Gross

    

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Net

    

Gross

    

​

    

Net

 

​

​

carrying

​

Accumulated

​

carrying

​

carrying

​

Accumulated

​

carrying

 

​

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amount

​

amortization

​

amount

​

amount

​

amortization

​

amount

 

​

​

amounts in millions

 

FIA Agreement

​

$

3,630

​

(742)

​

2,888

​

3,630

​

(543)

​

3,087

​

Customer relationships

​

​

3,053

 

(1,389)

 

1,664

 

3,086

 

(1,123)

 

1,963

​

Licensing agreements

​

 

355

 

(221)

 

134

 

316

 

(185)

 

131

​

Other

​

 

1,748

 

(1,056)

 

692

 

1,636

 

(877)

 

759

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Total

​

$

8,786

 

(3,408)

 

5,378

 

8,668

 

(2,728)

 

5,940

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Schedule of future amortization expense

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​

​

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2021

    

$

767

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2022

​

$

726

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2023

​

$

581

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2024

​

$

398

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2025

​

$

345

​