Quarterly report pursuant to Section 13 or 15(d)

Debt (Tables)

v3.3.0.814
Debt (Tables)
9 Months Ended
Sep. 30, 2015
Long-term Debt, Unclassified [Abstract]  
Schedule of Long-term Debt Instruments

 

 

 

 

 

 

 

 

 

 

 

Outstanding

 

Carrying value

 

    

Principal

    

September 30,

    

December 31,

 

 

September 30, 2015

 

2015

 

2014

 

 

amounts in millions

Corporate level notes and loans:

 

 

 

 

 

 

 

 

Liberty 1.375% Cash Convertible Notes due 2023

 

$

1,000

 

 

960

 

990

Margin Loans

 

 

250

 

 

250

 

250

Subsidiary notes and loans

 

 

 

 

 

 

 

 

SIRIUS XM 5.875% Senior Notes due 2020

 

 

650

 

 

644

 

644

SIRIUS XM 5.75% Senior Notes due 2021

 

 

600

 

 

596

 

595

SIRIUS XM 5.25% Senior Secured Notes due 2022

 

 

400

 

 

407

 

407

SIRIUS XM 4.25% Senior Notes due 2020

 

 

500

 

 

496

 

496

SIRIUS XM 4.625% Senior Notes due 2023

 

 

500

 

 

495

 

495

SIRIUS XM 6% Senior Notes due 2024

 

 

1,500

 

 

1,485

 

1,484

SIRIUS XM 5.375% Senior Notes due 2025

 

 

1,000

 

 

989

 

 —

SIRIUS XM Credit Facility

 

 

290

 

 

290

 

380

Other subsidiary debt

 

 

190

 

 

190

 

111

Total debt

 

$

6,880

 

 

6,802

 

5,852

Less debt classified as current

 

 

 

 

 

(256)

 

(257)

Total long-term debt

 

 

 

 

$

6,546

 

5,595

 

Value of shares pledged as collateral pursuant to the margin loan agreements

 

 

 

 

 

 

 

 

    

Number of Shares Pledged

    

 

 

 

 

 

as Collateral as of

 

Share value as of

 

Investment

 

September 30, 2015

 

September 30, 2015

 

 

 

amounts in millions

 

SIRIUS XM

 

150.0

 

$

561

 

Live Nation

 

12.0

 

$

288

 

Time Warner, Inc.

 

3.6

 

$

249

 

 

Fair Value of Debt

The fair value, based on quoted market prices of the same instruments but not considered to be active markets (Level 2), of SIRIUS XM's publicly traded debt securities, not reported at fair value, are as follows (amounts in millions):

 

 

 

 

 

 

 

    

September 30, 2015

 

SIRIUS XM 5.875% Senior Notes due 2020

 

$

665

 

SIRIUS XM 5.75% Senior Notes due 2021

 

$

605

 

SIRIUS XM 5.25% Senior Secured Notes due 2022

 

$

414

 

SIRIUS XM 4.25% Senior Notes due 2020

 

$

495

 

SIRIUS XM 4.625% Senior Notes due 2023

 

$

470

 

SIRIUS XM 6% Senior Notes due 2024

 

$

1,509

 

SIRIUS XM 5.375% Senior Notes due 2025

 

$

956