Quarterly report pursuant to Section 13 or 15(d)

Debt (Details)

v2.4.0.8
Debt (Details) (USD $)
Sep. 30, 2014
Dec. 31, 2013
Sep. 30, 2014
7% Exchangeable Senior Subordinated Notes due 2014 [Member]
Dec. 31, 2013
7% Exchangeable Senior Subordinated Notes due 2014 [Member]
Sep. 30, 2013
7% Exchangeable Senior Subordinated Notes due 2014 [Member]
Sep. 30, 2014
4.25% Senior Notes Due 2020 [Member]
Dec. 31, 2013
4.25% Senior Notes Due 2020 [Member]
Sep. 30, 2014
5.875% Senior Notes due 2020 [Member]
Dec. 31, 2013
5.875% Senior Notes due 2020 [Member]
Sep. 30, 2014
5.75% Senior Notes due 2021 [Member]
Dec. 31, 2013
5.75% Senior Notes due 2021 [Member]
Sep. 30, 2014
4.625% Senior Notes Due 2023 [Member]
Dec. 31, 2013
4.625% Senior Notes Due 2023 [Member]
Sep. 30, 2014
6.00% Senior Note Due July 15, 2024 [Member]
May 31, 2014
6.00% Senior Note Due July 15, 2024 [Member]
Dec. 31, 2013
6.00% Senior Note Due July 15, 2024 [Member]
Sep. 30, 2014
5.25% Senior Notes due 2022 [Member]
Dec. 31, 2013
5.25% Senior Notes due 2022 [Member]
Sep. 30, 2014
Senior Secured Revolving Credit Facility [Member]
Dec. 31, 2013
Senior Secured Revolving Credit Facility [Member]
Dec. 31, 2012
Senior Secured Revolving Credit Facility [Member]
Debt                                          
Interest rate on instrument     7.00% [1],[2] 7.00% [1],[2] 7.00% 4.25% [1],[3] 4.25% [1],[3] 5.875% [1],[3] 5.875% [1],[3] 5.75% [1],[3] 5.75% [1],[3] 4.625% [1],[3] 4.625% [1],[3] 6.00% [1],[3],[4] 6.00%   5.25% [1],[3],[5] 5.25% [1],[3],[5]      
Principal Amount     $ 502,364,000 [1],[2]     $ 500,000,000 [1],[3] $ 500,000,000 [1],[3] $ 650,000,000 [1],[3] $ 650,000,000 [1],[3] $ 600,000,000 [1],[3] $ 600,000,000 [1],[3] $ 500,000,000 [1],[3] $ 500,000,000 [1],[3] $ 1,500,000,000 [1],[3],[4] $ 1,500,000,000 [1],[3],[4]   $ 400,000,000 [1],[3],[5] $ 400,000,000 [1],[3],[5]      
Credit facility, maximum borrowing capacity                                     1,250,000,000 [6] 1,250,000,000 [6] 1,250,000,000
Debt carrying amount     502,007,000 [1],[2] 500,481,000 [1],[2]   495,346,000 [1],[3] 494,809,000 [1],[3] 643,566,000 [1],[3] 642,914,000 [1],[3] 594,940,000 [1],[3] 594,499,000 [1],[3] 494,998,000 [1],[3] 494,653,000 [1],[3] 1,483,611,000 [1],[3],[4]   0 [1],[3],[4] 395,020,000 [1],[3],[5] 394,648,000 [1],[3],[5] 145,000,000 [6] 460,000,000 [6]  
Capital leases 14,583,000 19,591,000                                      
Total Debt 4,769,071,000 3,601,595,000                                      
Less: total current maturities non-related party 498,433,000 496,815,000                                      
Less: total current maturities related party 10,992,000 10,959,000                                      
Total long-term debt $ 4,259,646,000 $ 3,093,821,000                                      
[1] The carrying value of the notes are net of the remaining unamortized original issue discount.
[2] Sirius XM and Holdings are co-obligors with respect to the Exchangeable Notes. The Exchangeable Notes are senior subordinated obligations and rank junior in right of payment to our existing and future senior debt and equally in right of payment with our existing and future senior subordinated debt. Substantially all of our domestic wholly-owned subsidiaries guarantee our obligations under these notes on a senior subordinated basis. The Exchangeable Notes are exchangeable at any time at the option of the holder into shares of our common stock at an exchange rate of 543.1372 shares of common stock per $1,000 principal amount of the notes, which is equivalent to an approximate exchange price of $1.841 per share of common stock. During the three months ended September 30, 2014, $6 of the Exchangeable Notes were converted into shares of our common stock. During the three and nine months ended September 30, 2014, the common stock reserved for conversion in connection with the Exchangeable Notes was considered to be dilutive in our calculation of diluted net income per share and anti-dilutive during the three and nine months ended September 30, 2013.
[3] Substantially all of our domestic wholly-owned subsidiaries have guaranteed these notes.
[4] In May 2014, Sirius XM issued $1,500,000 aggregate principal amount of 6.00% Senior Notes due 2024, with an original issuance discount of $16,875.
[5] In April 2014, we entered into a supplemental indenture to the indenture governing the 5.25% Notes pursuant to which we granted a first priority lien on substantially all of the assets of Sirius XM and the guarantors to the holders of the 5.25% Notes. The liens securing the 5.25% Notes are equal and ratable to the liens granted to secure the Credit Facility.
[6] In December 2012, Sirius XM entered into a five-year Credit Facility with a syndicate of financial institutions for $1,250,000. Sirius XM's obligations under the Credit Facility are guaranteed by certain of its material domestic subsidiaries and are secured by a lien on substantially all of Sirius XM's assets and the assets of its material domestic subsidiaries. Borrowings under the Credit Facility are used for working capital and other general corporate purposes, including dividends, financing of acquisitions and share repurchases. Interest on borrowings is payable on a quarterly basis and accrues at a rate based on LIBOR plus an applicable rate. Sirius XM is also required to pay a variable fee on the average daily unused portion of the Credit Facility and is payable on a quarterly basis. The variable rate for the Credit Facility was 0.35% per annum as of September 30, 2014. As of September 30, 2014, $1,105,000 was available for future borrowing under the Credit Facility. Sirius XM's outstanding borrowings under the Credit Facility are classified as Long-term debt within our unaudited consolidated balance sheets due to the long-term maturity of this debt.