Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets (Tables)

v3.21.2
Intangible Assets (Tables)
6 Months Ended
Jun. 30, 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, 2021

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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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29

 

—

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—

 

29

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Balance at June 30, 2021

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$

15,111

 

3,956

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180

 

19,247

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(a) Sirius XM Holdings recorded goodwill related to an acquisition in April 2021 and recorded adjustments to contingent consideration for the prior year acquisition of Stitcher.
Schedule of intangible assets subject to amortization

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June 30, 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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(839)

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2,791

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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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(1,534)

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1,519

 

3,053

 

(1,389)

 

1,664

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Licensing agreements

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356

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(231)

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125

 

355

 

(221)

 

134

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Other

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1,852

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(1,202)

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650

 

1,748

 

(1,056)

 

692

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Total

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$

8,891

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(3,806)

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5,085

 

8,786

 

(3,408)

 

5,378

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Schedule of future amortization expense Based on its amortizable intangible assets as of June 30, 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

    

$

500

 

2022

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$

703

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2023

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$

530

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2024

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$

411

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2025

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$

357

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