Quarterly report pursuant to Section 13 or 15(d)

Related Party Transactions (Tables)

v2.4.0.8
Related Party Transactions (Tables)
 6 Months Ended
Jun. 30, 2014
Related Party Transactions [Abstract]  
Summary of Related Party Balances
We had the following related party balances at June 30, 2014 and December 31, 2013:
 
Related party current assets
 
Related party long-term assets
 
Related party current liabilities
 
Related party current debt
 
Related party long-term liabilities
 
2014
 
2013
 
2014
 
2013
 
2014
 
2013
 
2014
 
2013
 
2014
 
2013
Liberty Media
$
130

 
$
278

 
$
—

 
$
—

 
$
64

 
$
15,766

 
$
10,981

 
$
10,959

 
$
—

 
$
—

Sirius XM Canada
4,807

 
8,867

 
108

 
27,619

 
4,897

 
4,554

 
—

 
—

 
15,055

 
16,337

M-Way
—

 
—

 
—

 
2,545

 
—

 
—

 
—

 
—

 
—

 
—

Total
$
4,937

 
$
9,145

 
$
108

 
$
30,164

 
$
4,961

 
$
20,320

 
$
10,981

 
$
10,959

 
$
15,055

 
$
16,337

Schedule of Related Party Revenue and Expenses
We recorded the following revenue and expenses associated with our related parties which were recorded in our unaudited consolidated statements of comprehensive income:
 
For the Three Months Ended June 30,
 
For the Six Months Ended June 30,
 
2014
 
2013
 
2014
 
2013
Sirius XM Canada:
 
 
 
 
 
 
 
Revenue (a)
$
12,559

 
$
12,562

 
$
24,340

 
$
23,311

Share of net (losses) earnings (b)
$
(1,018
)
 
$
37

 
$
3,308

 
$
1,382

Liberty Media:
 
 
 
 
 
 
 
Expenses (c)
$
(279
)
 
$
(4,682
)
 
$
(556
)
 
$
(9,359
)
(a)
Under our agreements with Sirius XM Canada, we receive a percentage-based royalty for certain types of subscription revenue earned by Sirius XM Canada for the distribution of Sirius and XM channels, royalties for activation fees and reimbursements for other charges. We record revenue from Sirius XM Canada as Other revenue in our unaudited consolidated statements of comprehensive income.
(b)
Our share of Sirius XM Canada's net (losses) earnings is recorded to Interest and investment (loss) income in our unaudited consolidated statements of comprehensive income on a one month lag. During the six months ended June 30, 2014, our share of Sirius XM Canada’s net earnings included a gain of $1,251 related to the fair value received in excess of the carrying value associated with the redemption of our investment in Sirius XM Canada’s 8% convertible unsecured subordinated debentures in February 2014. This amount includes amortization related to the equity method intangible assets of $0 and $364 for the three months ended June 30, 2014 and 2013, respectively, and $363 and $727 for the six months ended June 30, 2014 and 2013, respectively.
(c)
We recognize Interest expense associated with the portion of the 7% Exchangeable Senior Subordinated Notes due 2014 held by Liberty Media.