| Property and equipment, net |
Property and equipment, net, consists of the following:
|
|
|
|
|
|
|
|
|
|
September 30, 2016 |
|
December 31, 2015 |
Satellite system |
$ |
1,845,173 |
|
|
$ |
2,388,000 |
|
Terrestrial repeater network |
125,266 |
|
|
117,127 |
|
Leasehold improvements |
53,269 |
|
|
49,407 |
|
Broadcast studio equipment |
80,425 |
|
|
70,888 |
|
Capitalized software and hardware |
503,015 |
|
|
466,464 |
|
Satellite telemetry, tracking and control facilities |
76,376 |
|
|
75,440 |
|
Furniture, fixtures, equipment and other |
81,878 |
|
|
81,871 |
|
Land |
38,411 |
|
|
38,411 |
|
Building |
60,727 |
|
|
60,487 |
|
Construction in progress |
145,431 |
|
|
101,324 |
|
Total property and equipment |
3,009,971 |
|
|
3,449,419 |
|
Accumulated depreciation and amortization |
(1,628,857 |
) |
|
(2,034,018 |
) |
Property and equipment, net |
$ |
1,381,114 |
|
|
$ |
1,415,401 |
|
|
| Summary of orbiting satellites |
The chart below provides certain information on our satellites as of September 30, 2016:
|
|
|
|
|
|
Satellite Description |
|
Year Delivered |
|
Estimated End of
Depreciable Life |
SIRIUS FM-1* |
|
2000 |
|
2013 |
SIRIUS FM-5 |
|
2009 |
|
2024 |
SIRIUS FM-6 |
|
2013 |
|
2028 |
XM-3 |
|
2005 |
|
2020 |
XM-4 |
|
2006 |
|
2021 |
XM-5 |
|
2010 |
|
2025 |
* Satellite was fully depreciated as of September 30, 2016. As of April 7, 2016, this satellite was no longer being used to transmit satellite radio. We plan to complete the deorbiting of this satellite during the fourth quarter of 2016.
|
| Property and equipment, net |
Construction in progress consists of the following:
|
|
|
|
|
|
|
|
|
|
September 30, 2016 |
|
December 31, 2015 |
Satellite system |
$ |
19,313 |
|
|
$ |
12,912 |
|
Terrestrial repeater network |
692 |
|
|
25,578 |
|
Capitalized software |
101,554 |
|
|
37,064 |
|
Other |
23,872 |
|
|
25,770 |
|
Construction in progress |
$ |
145,431 |
|
|
$ |
101,324 |
|
|