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

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

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.  

Schedule of intangible assets subject to amortization

December 31, 2022

December 31, 2021

 

    

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

Total

$

9,234

 

(4,946)

 

4,288

 

8,971

 

(4,174)

 

4,797

Schedule of future amortization expense

2023

    

$

732

2024

$

610

2025

$

358

2026

$

333

2027

$

279