Sirius XM Holdings Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Related Party Transactions (Tables)

Related Party Transactions (Tables) - Equity Method Investee

3 Months Ended

Mar. 31, 2018

We had the following related party balances associated with Sirius XM Canada:



	March 31, 2018		December 31, 2017
Related party current assets	$	12,877	$	10,284
Related party long-term assets	$	465,948	$	481,608
Related party current liabilities	$	3,923	$	2,839
Related party long-term liabilities	$	6,742	$	7,364

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,
	2018		2017
Revenue ^(a)(b)	$	24,097	$	12,216
Other income
Share of net earnings ^(b)	$	981	$	3,014
Interest income ^(c)	$	2,647	$	—

(a)

Prior to the Transaction, under our former agreements with Sirius XM Canada, we received a percentage-based fee of 10% and 15% for certain types of subscription revenue earned by Sirius XM Canada for the use of the Sirius and XM platforms, respectively, and additional fees for premium services and fees 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.

(b)

Prior to the Transaction, we recognized our proportionate share of revenue and earnings or losses attributable to Sirius XM Canada on a one month lag. As a result of the Transaction, there is no longer a one-month lag and Sirius XM Canada changed its fiscal year-end to December 31 to align with us. For the three months ended March 31, 2018, Share of net earnings included $623 of amortization related to equity method intangible assets.


(c)	This interest income relates to the loan to Sirius XM Canada and is recorded as Other income in our unaudited consolidated statements of comprehensive income.