午夜寻花

Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets (Tables)

v3.8.0.1
Intangible Assets (Tables)
9 Months Ended
Sep. 30, 2017
Goodwill and Other Intangible Assets
Goodwill

听听听听

SIRIUS听XM

听听听听

Formula 1

Other

听听听听

Total

amounts听in听millions

Balance at January听1, 2017

$

14,165

听鈥�

180

14,345

Acquisitions (a) (b)

82

3,968

听鈥�

4,050

Balance at September 30, 2017

$

14,247

3,968

180

18,395


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

(b)听听See note 3 for details regarding the Formula 1 acquisition.

Schedule of intangible assets subject to amortization

September 30, 2017

December 31, 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

(114)

3,516

听鈥�

听鈥�

听鈥�

Customer relationships

2,684

(432)

2,252

830

(228)

602

Licensing agreements

330

(131)

199

316

(109)

207

Other

720

(445)

275

686

(423)

263

Total

$

7,364

(1,122)

6,242

1,832

(760)

1,072

Schedule of future amortization expense

Based on its amortizable intangible assets as of September 30, 2017, 午夜寻花 expects that amortization expense will be as follows for the next five years (amounts in millions):

Remainder of 2017

听听听听

$

149

2018

$

668

2019

$

566

2020

$

537

2021

$

490