Quarterly report pursuant to Section 13 or 15(d)

Related Party Transactions (Tables)

v3.7.0.1
Related Party Transactions (Tables) - Sirius XM Canada
 3 Months Ended
Mar. 31, 2017
Related Party Transaction [Line Items]  
Summary of related party balances
We had the following related party balances associated with Sirius XM Canada:
 
March 31, 2017
 
December 31, 2016
Related party current assets
$
6,846

 
$
6,170

Related party long-term assets
$
8,114

 
$
8,918

Related party current liabilities
$
2,840

 
$
2,840

Related party long-term liabilities
$
7,245

 
$
7,955

Schedule of related party revenues and other income
We recorded the following revenue and other income associated with Sirius XM Canada in our unaudited consolidated statements of comprehensive income:
 
For the Three Months Ended March 31,
 
2017
 
2016
Revenue (a)
$
12,216

 
$
9,911

Other income
 

 
 

Share of net earnings (b)
$
3,014

 
$
6,274

Dividends (c)
$
—

 
$
3,575

(a)
Under our agreements with Sirius XM Canada, we currently receive a percentage-based royalty of 10% and 15% for certain types of subscription revenue earned by Sirius XM Canada for the use of Sirius and XM platforms, respectively; and additional royalties for premium services and royalties for activation fees and reimbursements for other charges.  We record revenue from Sirius XM Canada as Other revenue in our unaudited consolidated statements of comprehensive income.  The license and services agreement entered into with legacy Sirius Canada will expire in August 2017.  The license agreement entered into with legacy XM Canada will expire in November 2020.
(b)
We recognize our proportionate share of earnings or losses of Sirius XM Canada as they occur as a component of Other income in our unaudited consolidated statements of comprehensive income on a one month lag.
(c)
Sirius XM Canada paid gross dividends to us of $3,796 and $3,575 during the three months ended March 31, 2017 and 2016, respectively.  These dividends were first recorded as a reduction to our investment balance in Sirius XM Canada to the extent a balance existed and then as Other income for the remaining portion.