Annual report pursuant to Section 13 and 15(d)

Goodwill and Intangible Assets (Tables)

v3.20.4
Goodwill and Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2020
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

Acquisitions (a)

1,553

1,553

Balance at December 31, 2019

15,803

3,956

180

19,939

Acquisitions (b)

235

235

Impairments

(956)

(956)

Balance at December 31, 2020

$

15,082

3,956

180

19,218

(a) See note 5 for details regarding Sirius XM Holdings’ acquisition of Pandora.
(b) See note 5 for details regarding SiriusXM Holdings’ acquisitions of Simplecast and Stitcher.
Schedule of intangible assets subject to amortization

December 31, 2020

December 31, 2019

 

    

Gross

    

    

Net

    

Gross

    

    

Net

 

carrying

Accumulated

carrying

carrying

Accumulated

carrying

 

amount

amortization

amount

amount

amortization

amount

 

amounts in millions

 

FIA Agreement

$

3,630

(742)

2,888

3,630

(543)

3,087

Customer relationships

3,053

 

(1,389)

 

1,664

 

3,086

 

(1,123)

 

1,963

Licensing agreements

 

355

 

(221)

 

134

 

316

 

(185)

 

131

Other

 

1,748

 

(1,056)

 

692

 

1,636

 

(877)

 

759

Total

$

8,786

 

(3,408)

 

5,378

 

8,668

 

(2,728)

 

5,940

Schedule of future amortization expense

2021

    

$

767

2022

$

726

2023

$

581

2024

$

398

2025

$

345