Annual report pursuant to Section 13 and 15(d)

Related Party Transactions (Tables)

v2.4.0.6
Related Party Transactions (Tables)
12 Months Ended
Dec. 31, 2011
Related Party Transaction [Line Items]  
Summary of Related Party Balances
                                                                                 
    Related party
current assets
    Related party
long-term assets
    Related party
current liabilities
    Related party
long-term
liabilities
    Related party
long-term debt
 
    2011*     2010     2011*     2010     2011*     2010     2011*     2010     2011*     2010  

Liberty Media

  $     $     $ 1,212     $ 1,571     $ 9,722     $ 9,765     $     $     $ 328,788     $ 325,907  

Sirius XM Canada

    14,702             53,741             4,580             21,741                    

Sirius Canada

          5,613                         1,805                          

XM Canada

          1,106             31,904             4,275             24,517              
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total

  $ 14,702     $ 6,719     $ 54,953     $ 33,475     $ 14,302     $ 15,845     $ 21,741     $ 24,517     $ 328,788     $ 325,907  
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

* Sirius Canada and XM Canada combined in June 2011. The combined entity now operates as Sirius XM Canada.
Liberty Media [Member]
 
Related Party Transaction [Line Items]  
Summary of Related Party Long Term Debt
                 
    December 31,
2011
    December 31,
2010
 

8.75% Senior Notes due 2015

  $ 150,000     $ 150,000  

9.75% Senior Secured Notes due 2015

    50,000       50,000  

13% Senior Notes due 2013

    76,000       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

    337,000       337,000  

Less: discounts

    8,212       11,093  
   

 

 

   

 

 

 

Total carrying value debt

  $ 328,788     $ 325,907  
   

 

 

   

 

 

 
SIRIUS XM Canada [Member]
 
Related Party Transaction [Line Items]  
Revenue from Related Party Transactions
         
    For the Year Ended
December 31,
 
    2011*  

Royalty income

  $ 13,735  

Amortization of Sirius XM Canada deferred income

    1,388  

Licensing fee revenue

    3,000  

Advertising reimbursements

    417  
   

 

 

 

Total revenue from Sirius XM Canada

  $ 18,540  
   

 

 

 

 

* Sirius XM Canada commenced operations on June 2011.
SIRIUS Canada [Member]
 
Related Party Transaction [Line Items]  
Revenue from Related Party Transactions
                         
        For the Years Ended December 31,      
        2011*             2010             2009      

Royalty income

  $ 9,945     $ 10,684     $ 5,797  

Dividend income

    460       926       839  
   

 

 

   

 

 

   

 

 

 

Total revenue from Sirius Canada

  $ 10,405     $ 11,610     $ 6,636  
   

 

 

   

 

 

   

 

 

 

 

* Sirius Canada combined with XM Canada in June 2011.
XM Canada [Member]
 
Related Party Transaction [Line Items]  
Revenue from Related Party Transactions
                         
    For the Years Ended December 31,  
    2011*     2010     2009  

Amortization of XM Canada deferred income

  $ 1,388     $ 2,776     $ 2,776  

Subscriber and activation fee royalties

    5,483       10,313       11,603  

Licensing fee revenue

    3,000       4,500       6,000  

Advertising reimbursements

    833       1,083       1,067  
   

 

 

   

 

 

   

 

 

 

Total revenue from XM Canada

  $ 10,704     $ 18,672     $ 21,446  
   

 

 

   

 

 

   

 

 

 

 

* XM Canada combined with Sirius Canada in June 2011.
General Motors Company and American Honda [Member]
 
Related Party Transaction [Line Items]  
Revenue from Related Party Transactions
                 
        For the Years Ended December 31,      
            2010*                     2009          

GM

  $ 12,759     $ 31,037  

American Honda

    4,990       12,254  
   

 

 

   

 

 

 

Total

  $ 17,749     $ 43,291  
   

 

 

   

 

 

 

 

* GM and American Honda were considered related parties through May 27, 2010.
Expenses Incurred with General Motors and American Honda
                                 
    For the Years Ended December 31,  
    2010*     2009  
    GM     American
Honda
    GM     American
Honda
 

Sales and marketing

  $ 13,374     $     $ 31,595     $ 500  

Revenue share and royalties

    15,823       3,167       58,992       6,541  

Subscriber acquisition costs

    17,514       1,969       34,895       5,397  

Customer service and billing

    125             268        

Interest expense, net of amounts capitalized

    1,421             4,644        
   

 

 

   

 

 

   

 

 

   

 

 

 

Total

  $ 48,257     $ 5,136     $ 130,394     $ 12,438  
   

 

 

   

 

 

   

 

 

   

 

 

 

 

* GM and American Honda were considered related parties through May 27, 2010.