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

Annual report pursuant to Section 13 and 15(d)

Related Party Transactions (Tables)

Related Party Transactions (Tables)

12 Months Ended

Dec. 31, 2012

We had the following related party balances at December 31, 2012 and 2011:



	Related party current assets				Related party long-term assets				Related party current liabilities				Related party long-term liabilities				Related party long-term debt
	2012		2011		2012		2011		2012		2011		2012		2011		2012		2011
Liberty Media	$	—	$	—	$	757	$	1,212	$	3,980	$	9,722	$	—	$	—	$	208,906	$	328,788
Sirius XM Canada	13,167		14,702		44,197		53,741		2,776		4,580		18,966		21,741		—		—
Total	$	13,167	$	14,702	$	44,954	$	54,953	$	6,756	$	14,302	$	18,966	$	21,741	$	208,906	$	328,788

Liberty Media [Member]

Summary of Related Party Long Term Debt

Liberty Media has advised us that as of December 31, 2012 and 2011, respectively, it also owned the following:



	December 31, 2012		December 31, 2011
8.75% Senior Notes due 2015	$	150,000	$	150,000
9.75% Senior Secured Notes due 2015	—		50,000
13% Senior Notes due 2013	—		76,000
7% Exchangeable Senior Subordinated Notes due 2014	11,000		11,000
7.625% Senior Notes due 2018	50,000		50,000
Total principal debt	211,000		337,000
Less: discounts	2,094		8,212
Total carrying value of debt	$	208,906	$	328,788

Sirius XM Canada [Member]

Schedule of Current Assets

We had the following related party current asset balances attributable to Sirius XM Canada at December 31, 2012 and 2011:



	For the Years Ended December 31,
	2012		2011
Deferred programming costs and accrued interest	$	4,350	$	2,500
Dividends receivable	6,176		—
Chip set and other services reimbursement	2,641		7,404
Non-interest bearing note, principal	—		4,798
Total	$	13,167	$	14,702

Schedule of Non Current Assets

We had the following related party long-term asset balances attributable to Sirius XM Canada at December 31, 2012 and 2011:



	For the Years Ended December 31,
	2012		2011
Non-interest bearing note, principal	$	404	$	410
Carrying value of host contract of debenture	3,877		3,490
Carrying value of embedded derivative of debenture	9		—
Investment balance*	37,983		45,061
Deferred programming costs and accrued interest	1,924		4,780
Total	$	44,197	$	53,741

* The investment balance includes equity method goodwill and intangible assets of $27,615 and $28,589 for the years ended December 31, 2012 and 2011, respectively.

Schedule of Liabilities

We had the following related party liability balances attributable to Sirius XM Canada at December 31, 2012 and 2011:



	For the Years Ended December 31,
	2012		2011
Carrying value of deferred revenue for NHL games	$	21,742	$	24,517
Amounts due to Sirius XM Canada	—		1,804
Total current and long-term liabilities	$	21,742	$	26,321

Revenue from Related Party Transactions

We recorded the following revenue from Sirius XM Canada as Other revenue in our consolidated statements of comprehensive income:



	For the Years Ended December 31,
	2012		2011 *
Royalty income	$	31,368	$	13,735
Amortization of Sirius XM Canada deferred income	2,776		1,388
Licensing fee revenue	4,500		3,000
Advertising reimbursements	833		417
Total revenue from Sirius XM Canada	$	39,477	$	18,540

* Sirius XM Canada commenced operations in June 2011.

SIRIUS Canada [Member]

Revenue from Related Party Transactions

We recorded the following revenue from Sirius Canada. Royalty income is included in Other revenue and dividend income is included in Interest and investment income (loss) in our consolidated statements of comprehensive income:



	For the Years Ended December 31,
	2011 *		2010
Royalty income	$	9,945	$	10,684
Dividend income	460		926
Total revenue from Sirius Canada	$	10,405	$	11,610

* Sirius Canada combined with XM Canada in June 2011.

XM Canada [Member]

Revenue from Related Party Transactions

We recorded the following revenue from XM Canada as Other revenue in our consolidated statements of comprehensive income:



	For the Years Ended December 31,
	2011 *		2010
Amortization of XM Canada deferred income	$	1,388	$	2,776
Subscriber and activation fee royalties	5,483		10,313
Licensing fee revenue	3,000		4,500
Advertising reimbursements	833		1,083
Total revenue from XM Canada	$	10,704	$	18,672

* XM Canada combined with Sirius Canada in June 2011.

General Motors Company and American Honda [Member]

Revenue from Related Party Transactions

We recorded the following total related party revenue from GM and American Honda, primarily consisting of subscriber revenue, in connection with the agreements above:



	For the Year Ended December 31,
	2010 *
GM	$	12,759
American Honda	4,990
Total	$	17,749

*GM and American Honda were considered related parties through May 2010.

Expenses Incurred with General Motors and American Honda

We have incurred the following related party expenses with GM and American Honda:



	For the Year Ended December 31,
	2010 *
	GM		American Honda
Sales and marketing	$	13,374	$	—
Revenue share and royalties	15,823		3,167
Subscriber acquisition costs	17,514		1,969
Customer service and billing	125		—
Interest expense, net of amounts capitalized	1,421		—
Total	$	48,257	$	5,136

*GM and American Honda were considered related parties through May 2010.