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Related Party Transactions (Tables)
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3 Months Ended |
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Mar. 31, 2013
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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 March 31, 2013 and December 31, 2012:
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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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March 31, 2013 |
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December 31, 2012 |
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March 31, 2013 |
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December 31, 2012 |
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March 31, 2013 |
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December 31, 2012 |
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March 31, 2013 |
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December 31, 2012 |
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March 31, 2013 |
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December 31, 2012 |
Liberty Media |
$ |
— |
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$ |
— |
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$ |
675 |
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$ |
757 |
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$ |
8,408 |
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$ |
3,980 |
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$ |
— |
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$ |
— |
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$ |
209,073 |
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$ |
208,906 |
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Sirius XM Canada |
8,255 |
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13,167 |
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40,583 |
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44,197 |
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4,239 |
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|
2,776 |
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18,272 |
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|
18,966 |
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— |
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— |
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Total |
$ |
8,255 |
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$ |
13,167 |
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$ |
41,258 |
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$ |
44,954 |
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$ |
12,647 |
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$ |
6,756 |
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$ |
18,272 |
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$ |
18,966 |
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$ |
209,073 |
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$ |
208,906 |
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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 March 31, 2013 and December 31, 2012, respectively, it also owned the following:
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March 31,
2013 |
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December 31,
2012 |
8.75% Senior Notes due 2015 |
$ |
150,000 |
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$ |
150,000 |
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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 |
211,000 |
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211,000 |
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Less: discounts |
1,927 |
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|
2,094 |
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Total carrying value of debt |
$ |
209,073 |
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$ |
208,906 |
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Sirius XM Canada [Member]
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| Related Party Transaction [Line Items] |
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| Schedule of Current Assets |
We had the following Related party current asset balances attributable to Sirius XM Canada at March 31, 2013 and December 31, 2012:
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March 31,
2013 |
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December 31,
2012 |
Deferred programming costs and accrued interest |
$ |
4,025 |
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$ |
4,350 |
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Dividends receivable |
— |
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|
6,176 |
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Chip set and other services reimbursement |
4,230 |
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|
2,641 |
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Total |
$ |
8,255 |
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$ |
13,167 |
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| Schedule of Non Current Assets |
Related party long-term asset balances attributable to Sirius XM Canada consisted of the following:
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March 31,
2013 |
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December 31,
2012 |
Non-interest bearing note, principal |
$ |
396 |
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$ |
404 |
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Fair value of host contract of debenture |
3,724 |
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3,877 |
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Fair value of embedded derivative of debenture |
49 |
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|
9 |
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Investment balance*
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35,561 |
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|
37,983 |
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Deferred programming costs and accrued interest |
853 |
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|
1,924 |
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Total |
$ |
40,583 |
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$ |
44,197 |
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* The investment balance includes equity method goodwill and intangible assets of $27,252 and $27,615 as of March 31, 2013 and December 31, 2012, respectively.
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| Schedule of Related Party Liabilities |
Related party liabilities attributable to Sirius XM Canada consisted of the following:
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March 31,
2013 |
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December 31,
2012 |
Deferred revenue for NHL licensing fees |
$ |
1,463 |
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$ |
— |
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Carrying value of deferred revenue for NHL games |
21,048 |
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|
21,742 |
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Total |
$ |
22,511 |
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$ |
21,742 |
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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 March 31, |
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2013 |
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2012 |
Royalty income |
$ |
8,469 |
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$ |
7,465 |
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Amortization of Sirius XM Canada deferred income |
694 |
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|
694 |
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Licensing fee revenue |
1,171 |
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|
1,500 |
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Advertising and other reimbursements |
415 |
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|
417 |
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Total revenue from Sirius XM Canada |
$ |
10,749 |
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$ |
10,076 |
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