Annual report pursuant to Section 13 and 15(d)

Intangible Assets Intangible Assets (Tables)

v2.4.1.9
Intangible Assets Intangible Assets (Tables)
 12 Months Ended
Dec. 31, 2014
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill

 

 

 

 

 

 

 

 

 

SIRIUS XM

    

Other

    

Total

 

Balance at January 1, 2013

 

NA

 
200 

 
200 

 

Acquisitions (a)

$
14,165 

 

—

 
14,165 

 

Balance at December 31, 2013

 
14,165 

 
200 

 
14,365 

 

Acquisitions (b)

 

 —

 
24 

 
24 

 

Broadband Spin-Off

 

 —

 
(46)

 
(46)

 

Other

 

 —

 
2 

 
2 

 

Balance at December 31, 2014

$
14,165 

 
180 

 
14,345 

 

(a)

The increase to SIRIUS XM goodwill was the result of the acquisition of a controlling interest in SIRIUS XM in January 2013 and SIRIUS XM's acquisition of Agero in November 2013, see note 3 for further discussion.

TruePosition made an acquisition during the year ended December 31, 2014.

Schedule of intangible assets subject to amortization

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2014

 

December 31, 2013

 

 

    

Gross

    

 

    

Net

    

Gross

    

 

    

Net

 

 

 

carrying

 

Accumulated

 

carrying

 

carrying

 

Accumulated

 

carrying

 

 

 

amount

 

amortization

 

amount

 

amount

 

amortization

 

amount

 

 

 

amounts in millions

 

Customer relationships

 

$
838 

 
(122)

 
716 

 
838 

 
(65)

 
773 

 

Licensing agreements

 

 
316 

 
(52)

 
264 

 
316 

 
(22)

 
294 

 

Other

 

 
462 

 
(346)

 
116 

 
433 

 
(300)

 
133 

 

Total

 

$
1,616 

 
(520)

 
1,096 

 
1,587 

 
(387)

 
1,200 

 

 

Schedule of future amortization expense

Based on its amortizable intangible assets as of December 31, 2014, Liberty expects that amortization expense will be as follows for the next five years (amounts in millions):

 

 

 

 

 

 

 

2015

    

$
158 

 

2016

 

$
137 

 

2017

 

$
105 

 

2018

 

$
95 

 

2019

 

$
96