Sirius XM Holdings Inc. Annual report pursuant to Section 13 and 15(d)

Property and Equipment (Tables)

12 Months Ended

Dec. 31, 2016

Depreciation is calculated using the straight-line method over the following estimated useful life of the asset:



Satellite system	15 years
Terrestrial repeater network	5 - 15 years
Broadcast studio equipment	3 - 15 years
Capitalized software and hardware	3 - 7 years
Satellite telemetry, tracking and control facilities	3 - 15 years
Furniture, fixtures, equipment and other	2 - 7 years
Building	20 or 30 years
Leasehold improvements	Lesser of useful life or remaining lease term

Property and equipment, net, consists of the following:



	December 31, 2016			December 31, 2015
Satellite system	$	1,586,794		$	2,388,000
Terrestrial repeater network	127,854			117,127
Leasehold improvements	53,898			49,407
Broadcast studio equipment	84,697			70,888
Capitalized software and hardware	558,101			466,464
Satellite telemetry, tracking and control facilities	77,290			75,440
Furniture, fixtures, equipment and other	90,214			81,871
Land	38,411			38,411
Building	61,597			60,487
Construction in progress	144,954			101,324
Total property and equipment	2,823,810			3,449,419
Accumulated depreciation and amortization	(1,425,117		)	(2,034,018		)
Property and equipment, net	$	1,398,693		$	1,415,401

The chart below provides certain information on our satellites as of December 31, 2016:



Satellite Description	Year Delivered	Estimated End of Depreciable Life
SIRIUS FM-5	2009	2024
SIRIUS FM-6	2013	2028
XM-3	2005	2020
XM-4	2006	2021
XM-5	2010	2025

Construction in progress consists of the following:



	December 31, 2016		December 31, 2015
Satellite system	$	43,977	$	12,912
Terrestrial repeater network	1,139		25,578
Capitalized software	82,204		37,064
Other	17,634		25,770
Construction in progress	$	144,954	$	101,324