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Related Party Transactions (Tables)
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3 Months Ended |
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Mar. 31, 2014
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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, 2014 and December 31, 2013:
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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 current debt |
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2014 |
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2013 |
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2014 |
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2013 |
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2014 |
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2013 |
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2014 |
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2013 |
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2014 |
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2013 |
Liberty Media |
$ |
205 |
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|
$ |
278 |
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|
$ |
— |
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$ |
— |
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$ |
42,982 |
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$ |
15,766 |
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|
$ |
— |
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$ |
— |
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|
$ |
10,970 |
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$ |
10,959 |
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Sirius XM Canada |
4,938 |
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|
8,867 |
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31,245 |
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27,619 |
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|
4,554 |
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4,554 |
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|
15,627 |
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|
16,337 |
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|
— |
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— |
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M-Way |
— |
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— |
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2,418 |
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2,545 |
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— |
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— |
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— |
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— |
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— |
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— |
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Total |
$ |
5,143 |
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$ |
9,145 |
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$ |
33,663 |
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$ |
30,164 |
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$ |
47,536 |
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$ |
20,320 |
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$ |
15,627 |
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$ |
16,337 |
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$ |
10,970 |
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$ |
10,959 |
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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, 2014 and December 31, 2013 it also owned the following:
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March 31,
2014 |
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December 31,
2013 |
7% Exchangeable Senior Subordinated Notes due 2014 |
$ |
11,000 |
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$ |
11,000 |
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Less: discounts |
30 |
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|
41 |
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Total carrying value of debt |
$ |
10,970 |
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$ |
10,959 |
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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, 2014 and December 31, 2013:
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March 31,
2014 |
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December 31,
2013 |
Deferred programming costs and accrued interest |
$ |
1,152 |
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$ |
2,782 |
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Chip set and other services reimbursement |
3,786 |
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|
2,387 |
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Fair value of host contract of debenture |
— |
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|
3,641 |
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Fair value of embedded derivative of debenture |
— |
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|
57 |
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Total |
$ |
4,938 |
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$ |
8,867 |
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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,
2014 |
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December 31,
2013 |
Non-interest bearing note, principal |
$ |
364 |
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$ |
376 |
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Investment balance*
|
30,691 |
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|
26,972 |
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Deferred programming costs and other receivables |
190 |
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|
271 |
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Total |
$ |
31,245 |
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$ |
27,619 |
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* The investment balance included equity method goodwill and intangible assets of $25,798 and $26,161 as of March 31, 2014 and December 31, 2013, 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,
2014 |
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December 31,
2013 |
Deferred revenue for NHL licensing fees |
$ |
1,500 |
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$ |
1,500 |
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Carrying value of deferred revenue |
18,272 |
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|
18,966 |
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Deferred revenue for software licensing fees and other |
409 |
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|
425 |
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Total |
$ |
20,181 |
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$ |
20,891 |
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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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2014 |
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2013 |
Royalty income |
$ |
9,060 |
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$ |
8,469 |
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Amortization of Sirius XM Canada deferred income |
694 |
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|
694 |
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Licensing fee revenue |
1,500 |
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|
1,171 |
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Advertising and other reimbursements |
106 |
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|
415 |
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Streaming revenue |
421 |
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|
— |
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Total revenue from Sirius XM Canada |
$ |
11,781 |
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$ |
10,749 |
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