Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets (Tables)

v3.19.2
Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2019
Finite-Lived Intangible Assets [Line Items]  
Goodwill

    

SIRIUS XM Holdings

    

Formula 1

Other

    

Total

 

amounts in millions

Balance at January 1, 2019

$

14,250

 

3,956

180

 

18,386

Acquisition (a)

 

1,562

 

 

1,562

Balance at June 30, 2019

$

15,812

 

3,956

180

 

19,948

(a) See note 3 for details regarding SIRIUS XM Holdings’ acquisition of Pandora.
Schedule of intangible assets subject to amortization

June 30, 2019

December 31, 2018

    

Gross

    

    

Net

    

Gross

    

    

Net

 

carrying

Accumulated

carrying

carrying

Accumulated

carrying

amount

amortization

amount

amount

amortization

amount

amounts in millions

FIA Agreement

$

3,630

(445)

3,185

3,630

(346)

3,284

Customer relationships

3,086

(957)

2,129

 

2,684

 

(795)

 

1,889

Licensing agreements

 

316

(173)

143

 

316

 

(162)

 

154

Other

 

1,531

(766)

765

 

1,047

 

(659)

 

388

Total

$

8,563

(2,341)

6,222

 

7,677

 

(1,962)

 

5,715

Schedule of future amortization expense Based on its amortizable intangible assets as of June 30, 2019, Liberty expects that amortization expense will be as follows for the next five years (amounts in millions):

Remainder of 2019

    

$

432

 

2020

$

805

2021

$

614

2022

$

577

2023

$

539