Liberty Media Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Cover
- Document And Entity Information
Financial Statements
Notes to Financial Statements
Notes Tables
Notes Details

Intangible Assets (Tables)

v3.19.1

Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2019

Intangible Assets

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)		1,541	—	—	1,541
Balance at March 31, 2019	$	15,791	3,956	180	19,927

(a)

See note 3 for details regarding SIRIUS XM Holdings’ acquisition of Pandora.

Schedule of intangible assets subject to amortization


	March 31, 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	(396)	3,234	3,630	(346)	3,284
Customer relationships		3,086	(874)	2,212	2,684	(795)	1,889
Licensing agreements		316	(168)	148	316	(162)	154
Other		1,471	(698)	773	1,047	(659)	388
Total	$	8,503	(2,136)	6,367	7,677	(1,962)	5,715

Schedule of future amortization expense

Based on its amortizable intangible assets as of March 31, 2019, Liberty expects that amortization expense will be as follows for the next five years (amounts in millions):


Remainder of 2019	$	676
2020	$	788
2021	$	614
2022	$	561
2023	$	506

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