Quarterly report [Sections 13 or 15(d)]

Intangible Assets (Tables)

v3.25.1
Intangible Assets (Tables)
 3 Months Ended
Mar. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Indefinite-Lived Intangible Assets
Our intangible assets include the following:
    March 31, 2025 December 31, 2024
  Weighted
Average
Useful Lives		 Gross
Carrying
Value		 Accumulated Amortization Net 
Carrying
Value		 Gross
Carrying
Value		 Accumulated Amortization Net 
Carrying
Value
Recorded to Sirius XM Reporting Unit:
Indefinite life intangible assets:              
FCC licenses Indefinite $ 8,610  $ —  $ 8,610  $ 8,610  $ —  $ 8,610 
Trademarks Indefinite 930  —  930  930  —  930 
Definite life intangible assets:              
Customer relationships
15 years
 570  (466) 104  570  (456) 114 
OEM relationships 15 years 220  (167) 53  220  (164) 56 
Licensing agreements 15 years 285  (249) 36  285  (245) 40 
Software and technology 7 years 28  (23) 5  28  (23) 5 
Due to Acquisitions recorded to Pandora
and Off-platform Reporting Unit:
Indefinite life intangible assets:
Trademarks Indefinite 312  —  312  312  —  312 
Definite life intangible assets:
Customer relationships 8 years 442  (344) 98  442  (331) 111 
Software and technology 5 years 391  (381) 10  391  (380) 11 
Total intangible assets   $ 11,788  $ (1,630) $ 10,158  $ 11,788  $ (1,599) $ 10,189 
Schedule of Finite-Lived Intangible Assets
Our intangible assets include the following:
    March 31, 2025 December 31, 2024
  Weighted
Average
Useful Lives		 Gross
Carrying
Value		 Accumulated Amortization Net 
Carrying
Value		 Gross
Carrying
Value		 Accumulated Amortization Net 
Carrying
Value
Recorded to Sirius XM Reporting Unit:
Indefinite life intangible assets:              
FCC licenses Indefinite $ 8,610  $ —  $ 8,610  $ 8,610  $ —  $ 8,610 
Trademarks Indefinite 930  —  930  930  —  930 
Definite life intangible assets:              
Customer relationships
15 years
 570  (466) 104  570  (456) 114 
OEM relationships 15 years 220  (167) 53  220  (164) 56 
Licensing agreements 15 years 285  (249) 36  285  (245) 40 
Software and technology 7 years 28  (23) 5  28  (23) 5 
Due to Acquisitions recorded to Pandora
and Off-platform Reporting Unit:
Indefinite life intangible assets:
Trademarks Indefinite 312  —  312  312  —  312 
Definite life intangible assets:
Customer relationships 8 years 442  (344) 98  442  (331) 111 
Software and technology 5 years 391  (381) 10  391  (380) 11 
Total intangible assets   $ 11,788  $ (1,630) $ 10,158  $ 11,788  $ (1,599) $ 10,189 
Schedule of Expected Future Amortization Expense
The expected amortization expense for each of the fiscal years 2025 through 2029 and for periods thereafter is as follows:
Years ending December 31, Amount
2025 (remaining) $ 93 
2026 123 
2027 75 
2028 15 
2029 — 
Thereafter — 
Total definite life intangible assets, net $ 306