Sirius XM Holdings Inc. Annual report pursuant to Section 13 and 15(d)

Property and Equipment (Tables)

12 Months Ended

Dec. 31, 2014

Depreciation is calculated using the straight-line method over the following estimated useful life of the asset:



Satellite system	2 - 15 years
Terrestrial repeater network	5 - 15 years
Broadcast studio equipment	3 - 15 years
Capitalized software and hardware	3 - 7 years
Satellite telemetry, tracking and control facilities	3 - 15 years
Furniture, fixtures, equipment and other	2 - 7 years
Building	20 or 30 years
Leasehold improvements	Lesser of useful life or remaining lease term

Property and equipment, net, consists of the following:



	December 31, 2014			December 31, 2013
Satellite system	$	2,397,611		$	2,407,423
Terrestrial repeater network	108,341			109,367
Leasehold improvements	48,677			46,173
Broadcast studio equipment	61,306			59,020
Capitalized software and hardware	340,738			298,267
Satellite telemetry, tracking and control facilities	71,268			63,944
Furniture, fixtures, equipment and other	78,237			67,275
Land	38,411			38,411
Building	59,373			58,662
Construction in progress	155,716			103,148
Total property and equipment	3,359,678			3,251,690
Accumulated depreciation and amortization	(1,849,566		)	(1,657,116		)
Property and equipment, net	$	1,510,112		$	1,594,574

Construction in progress consists of the following:



	December 31, 2014		December 31, 2013
Satellite system	$	12,912	$	11,879
Terrestrial repeater network	48,406		30,078
Capitalized software	77,755		39,924
Other	16,643		21,267
Construction in progress	$	155,716	$	103,148

The chart below provides certain information on these satellites:



Satellite Designation	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-1*	2001	2013
XM-3	2005	2020
XM-4	2006	2021
XM-5	2010	2025

* Satellite was fully depreciated as of December 31, 2014 but is still in operation.