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Related Party Transactions (Tables)
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6 Months Ended |
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Jun. 30, 2012
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| Related Party Transaction [Line Items] |
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| Summary of Related Party Balances |
We had the following related party balances at June 30, 2012 and December 31, 2011:
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Related party current assets |
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Related party long-term assets |
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Related party current liabilities |
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Related party long-term liabilities |
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Related party long-term debt |
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June 30,
2012 |
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December 31,
2011 |
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June 30,
2012 |
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December 31,
2011 |
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June 30,
2012 |
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December 31,
2011 |
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June 30,
2012 |
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December 31,
2011 |
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June 30,
2012 |
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December 31,
2011 |
Liberty Media |
$ |
— |
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$ |
— |
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$ |
1,030 |
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$ |
1,212 |
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$ |
9,723 |
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$ |
9,722 |
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$ |
— |
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$ |
— |
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$ |
330,393 |
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$ |
328,788 |
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Sirius XM Canada |
7,326 |
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14,702 |
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50,797 |
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53,741 |
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6,080 |
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4,580 |
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20,354 |
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21,741 |
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— |
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— |
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Total |
$ |
7,326 |
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$ |
14,702 |
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$ |
51,827 |
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$ |
54,953 |
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$ |
15,803 |
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$ |
14,302 |
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$ |
20,354 |
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$ |
21,741 |
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$ |
330,393 |
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$ |
328,788 |
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Liberty Media [Member]
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| Related Party Transaction [Line Items] |
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| Summary of Related Party Long Term Debt |
Liberty Media has advised us that as of June 30, 2012 and December 31, 2011, respectively, it owned the following:
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June 30,
2012 |
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December 31,
2011 |
8.75% Senior Notes due 2015 |
$ |
150,000 |
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$ |
150,000 |
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9.75% Senior Secured Notes due 2015 |
50,000 |
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50,000 |
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13% Senior Notes due 2013 |
76,000 |
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76,000 |
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7% Exchangeable Senior Subordinated Notes due 2014 |
11,000 |
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11,000 |
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7.625% Senior Notes due 2018 |
50,000 |
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50,000 |
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Total principal debt |
337,000 |
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337,000 |
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Less: discounts |
6,607 |
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8,212 |
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Total carrying value of debt |
$ |
330,393 |
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$ |
328,788 |
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SIRIUS XM Canada [Member]
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| Related Party Transaction [Line Items] |
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| Revenue from Related Party Transactions |
We recorded the following revenue from Sirius XM Canada as Other revenue in our unaudited consolidated statements of comprehensive income:
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For the Three Months Ended June 30, |
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For the Six Months Ended June 30, |
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2012 |
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2012 |
Royalty income |
$ |
8,036 |
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$ |
15,501 |
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Amortization of Sirius XM Canada deferred income |
694 |
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|
1,388 |
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Licensing fee revenue |
1,500 |
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|
3,000 |
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Advertising reimbursements |
416 |
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|
833 |
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Total revenue from Sirius XM Canada |
$ |
10,646 |
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$ |
20,722 |
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SIRIUS Canada [Member]
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| Related Party Transaction [Line Items] |
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| 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 loss in our unaudited consolidated statements of comprehensive income:
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For the Three Months Ended June 30, |
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For the Six Months Ended June 30, |
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2011 |
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2011 |
Royalty income |
$ |
5,475 |
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$ |
9,945 |
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Dividend income |
222 |
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|
460 |
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Total revenue from Sirius Canada |
$ |
5,697 |
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$ |
10,405 |
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XM Canada [Member]
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| Related Party Transaction [Line Items] |
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| Revenue from Related Party Transactions |
We recorded the following revenue from XM Canada as Other revenue in our unaudited consolidated statements of comprehensive income:
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For the Three Months Ended June 30, |
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For the Six Months Ended June 30, |
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2011 |
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2011 |
Amortization of XM Canada deferred income |
$ |
694 |
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$ |
1,388 |
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Subscriber and activation fee royalties |
2,860 |
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|
5,483 |
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Licensing fee revenue |
1,500 |
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|
3,000 |
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Advertising reimbursements |
416 |
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|
833 |
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Total revenue from XM Canada |
$ |
5,470 |
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$ |
10,704 |
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