Annual report pursuant to Section 13 and 15(d)

Related Party Transactions (Tables)

v3.8.0.1
Related Party Transactions (Tables) - Equity Method Investee
 12 Months Ended
Dec. 31, 2017
Related Party Transaction [Line Items]  
Summary of related party balances
We had the following related party balances associated with Sirius XM Canada:
December 31, 2017

December 31, 2016
Related party current assets
$
10,284

 
$
6,170

Related party long-term assets
$
481,608

 
$
8,918

Related party current liabilities
$
2,839

 
$
2,840

Related party long-term liabilities
$
7,364

 
$
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 consolidated statements of comprehensive income:
 
For the Years Ended December 31,
 
2017
 
2016
 
2015
Revenue (a)(b)
$
87,111


$
45,962

 
$
56,397

Other income





 
 

Share of net earnings (b)
$
4,561


$
12,529

 
$
—

Dividends (c)
$
—


$
3,575

 
$
12,645

Interest income (d)
$
6,243


$
—

 
$
—

(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 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 that of Sirius XM. For the year ended December 31, 2017 this amount included $1,501 of amortization related to equity method intangible assets.
(c)
Sirius XM Canada paid gross dividends to us of $3,796, $7,548 and $15,645 during the years ended December 31, 2017, 2016 and 2015, 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.
(d)
This interest income relates to the loan to Sirius XM Canada and is recorded as Other income in our consolidated statements of comprehensive income.