| Property and equipment, net |
Property and equipment, net, consists of the following:
|
|
|
|
|
|
|
|
|
|
March 31, 2016 |
|
December 31, 2015 |
Satellite system |
$ |
2,388,000 |
|
|
$ |
2,388,000 |
|
Terrestrial repeater network |
115,235 |
|
|
117,127 |
|
Leasehold improvements |
49,516 |
|
|
49,407 |
|
Broadcast studio equipment |
72,638 |
|
|
70,888 |
|
Capitalized software and hardware |
487,169 |
|
|
466,464 |
|
Satellite telemetry, tracking and control facilities |
75,684 |
|
|
75,440 |
|
Furniture, fixtures, equipment and other |
75,936 |
|
|
81,871 |
|
Land |
38,411 |
|
|
38,411 |
|
Building |
60,598 |
|
|
60,487 |
|
Construction in progress |
123,617 |
|
|
101,324 |
|
Total property and equipment |
3,486,804 |
|
|
3,449,419 |
|
Accumulated depreciation and amortization |
(2,086,049 |
) |
|
(2,034,018 |
) |
Property and equipment, net |
$ |
1,400,755 |
|
|
$ |
1,415,401 |
|
|
| Summary of orbiting satellites |
The chart below provides certain information on our operating satellites as of March 31, 2016:
|
|
|
|
|
|
Satellite Description |
|
Year Delivered |
|
Estimated End of
Depreciable Life |
FM-1* |
|
2000 |
|
2013 |
FM-2* |
|
2000 |
|
2013 |
FM-3* |
|
2000 |
|
2015 |
FM-5 |
|
2009 |
|
2024 |
FM-6 |
|
2013 |
|
2028 |
XM-3 |
|
2005 |
|
2020 |
XM-4 |
|
2006 |
|
2021 |
XM-5 |
|
2010 |
|
2025 |
* Satellite was fully depreciated and was still in operation as of March 31, 2016. As of April 7, 2016, these satellites were no longer being used to transmit satellite radio. We plan to deorbit these satellites during 2016.
|
| Property and equipment, net |
Construction in progress consists of the following:
|
|
|
|
|
|
|
|
|
|
March 31, 2016 |
|
December 31, 2015 |
Satellite system |
$ |
12,912 |
|
|
$ |
12,912 |
|
Terrestrial repeater network |
30,013 |
|
|
25,578 |
|
Capitalized software |
53,669 |
|
|
37,064 |
|
Other |
27,023 |
|
|
25,770 |
|
Construction in progress |
$ |
123,617 |
|
|
$ |
101,324 |
|
|