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

Property and Equipment (Tables)

12 Months Ended

Dec. 31, 2015

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

Satellite system		2 - 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, 2015			December 31, 2014
Satellite system	$	2,388,000		$	2,397,611
Terrestrial repeater network		117,127			108,341
Leasehold improvements		49,407			48,677
Broadcast studio equipment		70,888			61,306
Capitalized software and hardware		466,464			340,738
Satellite telemetry, tracking and control facilities		75,440			71,268
Furniture, fixtures, equipment and other		81,871			78,237
Land		38,411			38,411
Building		60,487			59,373
Construction in progress		101,324			155,716
Total property and equipment		3,449,419			3,359,678
Accumulated depreciation and amortization		(2,034,018	)		(1,849,566	)
Property and equipment, net	$	1,415,401		$	1,510,112

The chart below provides certain information on our operating satellites:

Satellite Description	Year Delivered		Estimated End of Depreciable Life
FM-1*		2000		2013
FM-2*		2000		2013
FM-3*		2000		2015
FM-5		2009		2024
FM-6		2013		2028
XM-3		2005		2020
XM-4		2006		2021
XM-5		2010		2025

* Satellite was fully depreciated and was still in operation as of December 31, 2015.

Construction in progress consists of the following:

	December 31, 2015		December 31, 2014
Satellite system	$	12,912	$	12,912
Terrestrial repeater network		25,578		48,406
Capitalized software		37,064		77,755
Other		25,770		16,643
Construction in progress	$	101,324	$	155,716