Annual report pursuant to Section 13 and 15(d)

Goodwill and Other Intangible Assets (Tables)

v3.22.0.1
Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2021
Finite-Lived Intangible Assets [Line Items]  
Goodwill

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Sirius XM Holdings

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Formula 1

    

Other

    

Total

 

​

amounts in millions

​

Balance at January 1, 2020

$

15,803

​

3,956

​

180

​

19,939

​

Acquisitions (a)

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235

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—

​

—

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235

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Impairments

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(956)

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—

​

—

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(956)

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Balance at December 31, 2020

​

15,082

​

3,956

​

180

​

19,218

​

Acquisitions (b)

​

30

​

—

​

—

​

30

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Balance at December 31, 2021

$

15,112

​

3,956

​

180

​

19,248

​

(a) See note 5 for details regarding SiriusXM Holdings’ acquisitions of Simplecast and Stitcher.
(b) 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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December 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

​

Accumulated

​

carrying

​

carrying

​

Accumulated

​

carrying

 

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amount

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amortization

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amount

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amount

​

amortization

​

amount

 

​

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amounts in millions

 

FIA Agreement

​

$

3,630

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(936)

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2,694

​

3,630

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(742)

​

2,888

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Customer relationships

​

​

3,053

 

(1,679)

 

1,374

 

3,053

 

(1,389)

 

1,664

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Licensing agreements

​

 

355

 

(243)

 

112

 

355

 

(221)

 

134

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Other

​

 

1,933

 

(1,316)

 

617

 

1,748

 

(1,056)

 

692

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Total

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$

8,971

 

(4,174)

 

4,797

 

8,786

 

(3,408)

 

5,378

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Schedule of future amortization expense

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2022

    

$

743

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2023

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$

702

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2024

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$

442

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2025

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$

346

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2026

​

$

330

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