午夜寻花

Annual report pursuant to Section 13 and 15(d)

Intangible Assets (Tables)

v3.8.0.1
Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2017
Goodwill and Other Intangible Assets
Goodwill

Changes in the carrying amount of goodwill are as follows:

SIRIUS听XM

Formula 1

听听听听

Other

听听听听

Total

amounts in millions

Balance at January 1, 2016

$

14,165

听鈥�

180

14,345

Other

听鈥�

听鈥�

听鈥�

听鈥�

Balance at December听31, 2016

14,165

听鈥�

180

14,345

Acquisitions (a) (b)

82

3,956

听鈥�

4,038

Balance at December听31, 2017

$

14,247

3,956

180

18,383


(a)

On April听18, 2017, SIRIUS听XM acquired Automatic Labs Inc., a connected vehicle device and mobile application company, for an aggregate purchase price of approximately $108听million, net of cash and restricted cash acquired. The excess purchase price over identifiable net assets of $82听million was recorded to goodwill.

(b)

See note听5 for details regarding the Formula听1 acquisition.

Schedule of intangible assets subject to amortization

December听31,听2017

December听31,听2016

听听听听

Gross

听听听听

听听听听

Net

听听听听

Gross

听听听听

听听听听

Net

carrying

Accumulated

carrying

carrying

Accumulated

carrying

amount

amortization

amount

amount

amortization

amount

amounts听in听millions

FIA Agreement

$

3,630

(157)

3,473

听鈥�

听鈥�

听鈥�

Customer relationships

2,684

(501)

2,183

830

(228)

602

Licensing agreements

330

(138)

192

316

(109)

207

Other

798

(515)

283

686

(423)

263

Total

$

7,442

(1,311)

6,131

1,832

(760)

1,072

Schedule of future amortization expense

Based on its amortizable intangible assets as of December听31, 2017, 午夜寻花 expects that amortization expense will be as follows for the next five years (amounts in millions):

2018

听听听听

$

611

2019

$

598

2020

$

502

2021

$

469

2022

$

433