Annual report pursuant to Section 13 and 15(d)

Goodwill and Other Intangible Assets (Tables)

v3.22.4
Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2022
Finite-Lived Intangible Assets [Line Items]  
Goodwill

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​

​

​

​

​

​

​

​

​

​

​

Sirius XM Holdings

​

Formula 1

    

Other

    

Total

 

​

amounts in millions

​

Balance at January 1, 2021

$

15,082

​

3,956

​

180

​

19,218

​

Acquisitions (a)

​

30

​

—

​

—

​

30

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Balance at December 31, 2021

​

15,112

​

3,956

​

180

​

19,248

​

Acquisitions (b)

​

97

​

—

​

—

​

97

​

Other

​

—

​

—

​

(4)

​

(4)

​

Balance at December 31, 2022

$

15,209

​

3,956

​

176

​

19,341

​

(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.
(b) During January 2022 and May 2022, Sirius XM Holdings completed immaterial acquisitions for total cash consideration of approximately $136 million.  

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Schedule of intangible assets subject to amortization

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​

​

​

​

​

​

​

​

December 31, 2022

​

December 31, 2021

 

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Gross

    

​

    

Net

    

Gross

    

​

    

Net

 

​

​

carrying

​

Accumulated

​

carrying

​

carrying

​

Accumulated

​

carrying

 

​

​

amount

​

amortization

​

amount

​

amount

​

amortization

​

amount

 

​

​

amounts in millions

 

FIA Agreement

​

$

3,630

​

(1,125)

​

2,505

​

3,630

​

(936)

​

2,694

​

Customer relationships

​

​

3,054

 

(1,936)

 

1,118

 

3,053

 

(1,679)

 

1,374

​

Licensing agreements

​

 

359

 

(272)

 

87

 

355

 

(243)

 

112

​

Other

​

 

2,191

 

(1,613)

 

578

 

1,933

 

(1,316)

 

617

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Total

​

$

9,234

 

(4,946)

 

4,288

 

8,971

 

(4,174)

 

4,797

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Schedule of future amortization expense

​

​

​

​

​

2023

    

$

732

​

2024

​

$

610

​

2025

​

$

358

​

2026

​

$

333

​

2027

​

$

279

​