Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets

v3.10.0.1
Intangible Assets
9 Months Ended
Sep. 30, 2018
Goodwill and Other Intangible Assets  
Goodwill and Other Intangible Assets

(10)   Intangible Assets

Goodwill and Intangible Assets Not Subject to Amortization

SIRIUS XM recorded $3 million of goodwill related to an immaterial acquisition during the three months ended September 30, 2018. There were no other changes in the carrying amounts of goodwill or other intangible assets not subject to amortization during the nine months ended September 30, 2018.

Intangible Assets Subject to Amortization

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30, 2018

 

December 31, 2017

 

 

    

Gross

    

 

    

Net

    

Gross

    

 

    

Net

 

 

 

carrying

 

Accumulated

 

carrying

 

carrying

 

Accumulated

 

carrying

 

 

 

amount

 

amortization

 

amount

 

amount

 

amortization

 

amount

 

 

 

amounts in millions

 

FIA Agreement

 

$

3,630

 

(299)

 

3,331

 

3,630

 

(157)

 

3,473

 

Customer relationships

 

 

2,684

 

(722)

 

1,962

 

2,684

 

(501)

 

2,183

 

Licensing agreements

 

 

349

 

(175)

 

174

 

330

 

(138)

 

192

 

Other

 

 

989

 

(626)

 

363

 

879

 

(535)

 

344

 

Total

 

$

7,652

 

(1,822)

 

5,830

 

7,523

 

(1,331)

 

6,192

 

Amortization expense for intangible assets with finite useful lives was $170 million and $167 million for the three months ended September 30, 2018 and 2017, respectively, and $492 million and $448 million for the nine months ended September 30, 2018 and 2017, respectively. Based on its amortizable intangible assets as of September 30, 2018, Liberty expects that amortization expense will be as follows for the next five years (amounts in millions):

 

 

 

 

 

Remainder of 2018

    

$

154

 

2019

 

$

655

 

2020

 

$

571

 

2021

 

$

473

 

2022

 

$

437