Annual report pursuant to Section 13 and 15(d)

Related Party Transactions (Tables)

v2.4.0.8
Related Party Transactions (Tables)
 12 Months Ended
Dec. 31, 2013
Related Party Transaction [Line Items]  
Summary of Related Party Balances
We had the following related party balances at December 31, 2013 and 2012:
 
Related party current assets
 
Related party long-term assets
 
Related party current liabilities
 
Related party long-term liabilities
 
Related party debt
 
2013
 
2012
 
2013
 
2012
 
2013
 
2012
 
2013
 
2012
 
2013
 
2012
Liberty Media
$
278

 
$
—

 
$
—

 
$
757

 
$
15,766

 
$
3,980

 
$
—

 
$
—

 
$
10,959

 
$
208,906

Sirius XM Canada
8,867

 
13,167

 
27,619

 
44,197

 
4,554

 
2,776

 
16,337

 
18,966

 
—

 
—

M-Way
—

 
—

 
2,545

 
—

 
—

 
—

 
—

 
—

 
—

 
—

Total
$
9,145

 
$
13,167

 
$
30,164

 
$
44,954

 
$
20,320

 
$
6,756

 
$
16,337

 
$
18,966

 
$
10,959

 
$
208,906


Liberty Media [Member]
  
Related Party Transaction [Line Items]  
Summary of Related Party Long Term Debt
Liberty Media has advised us that as of December 31, 2013 and 2012 it also owned the following:
 
December 31,
2013
 
December 31,
2012
7% Exchangeable Senior Subordinated Notes due 2014
$
11,000

  
$
11,000

8.75% Senior Notes due 2015
—

  
150,000

7.625% Senior Notes due 2018
—

  
50,000

Total principal debt
11,000

  
211,000

Less: discounts
41

  
2,094

Total carrying value of debt
$
10,959

  
$
208,906

Sirius XM Canada [Member]
  
Related Party Transaction [Line Items]  
Schedule of Current Assets
We had the following Related party current asset balances attributable to Sirius XM Canada at December 31, 2013 and 2012:
 
December 31,
2013
 
December 31,
2012
Deferred programming costs and accrued interest
$
2,782

 
$
4,350

Dividends receivable
—

 
6,176

Chip set and other services reimbursement
2,387

 
2,641

Fair value of host contract of debenture
3,641

 
—

Fair value of embedded derivative of debenture
57

 
—

Total
$
8,867

  
$
13,167

Schedule of Non Current Assets
Related party long-term asset balances attributable to Sirius XM Canada consisted of the following:    
 
December 31,
2013
 
December 31,
2012
Non-interest bearing note, principal
$
376

 
$
404

Fair value of host contract of debenture
—

 
3,877

Fair value of embedded derivative of debenture
—

 
9

Investment balance*
26,972

 
37,983

Deferred programming costs and other receivables
271

 
1,924

Total
$
27,619

  
$
44,197

* The investment balance included equity method goodwill and intangible assets of $26,161 and $27,615 as of December 31, 2013 and 2012, respectively.
Schedule of Related Party Liabilities
Related party liabilities attributable to Sirius XM Canada consisted of the following:
 
December 31,
2013
 
December 31,
2012
Deferred revenue for NHL licensing fees
$
1,500

 
$
—

Carrying value of deferred revenue
18,966

 
21,742

Deferred revenue for software licensing fees and other
425

 
—

Total
$
20,891

  
$
21,742

Revenue from Related Party Transactions
We recorded the following revenue from Sirius XM Canada as Other revenue in our consolidated statements of comprehensive income:
 
For the Years Ended December 31,
 
2013
 
2012
 
2011 *
Royalty income
$
35,411

 
$
31,368

 
$
13,735

Amortization of Sirius XM Canada deferred income
2,776

 
2,776

 
1,388

Licensing fee revenue
5,012

 
4,500

 
3,000

Advertising and other reimbursements
3,001

 
833

 
417

Streaming revenue
2,735

 
—

 
—

Total revenue from Sirius XM Canada
$
48,935

 
$
39,477

 
$
18,540


* Sirius XM Canada commenced operations in June 2011.
Sirius Canada [Member]
  
Related Party Transaction [Line Items]  
Revenue from Related Party Transactions
We recorded the following revenue from Sirius Canada. Royalty income is included in Other revenue and dividend income is included in Interest and investment income in our consolidated statements of comprehensive income:
 
For the Year Ended December 31,
 
2011 *
Royalty income
$
9,945

Dividend income
460

Total revenue from Sirius Canada
$
10,405

* Sirius Canada combined with XM Canada in June 2011.
XM Canada [Member]
  
Related Party Transaction [Line Items]  
Revenue from Related Party Transactions
We recorded the following revenue from XM Canada as Other revenue in our consolidated statements of comprehensive income:
 
For the Year Ended December 31,
 
2011 *
Amortization of XM Canada deferred income
$
1,388

Subscriber and activation fee royalties
5,483

Licensing fee revenue
3,000

Advertising reimbursements
833

Total revenue from XM Canada
$
10,704

* XM Canada combined with Sirius Canada in June 2011.