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Acquisition (Tables) | 12 Months Ended
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Dec. 31, 2019
Business Combinations [Abstract] |
Schedule of Business Acquisitions by Acquisition, Equity Interest Issued or Issuable | The table below shows the value of the consideration paid in connection with the Pandora Acquisition:
| Total
Pandora common stock outstanding | 272 |
Exchange ratio | 1.44 |
Common stock issued | 392 |
Price per share of Holdings common stock | $ | 5.83 |
Value of common stock issued to Pandora stockholders | $ | 2,285 |
Value of replacement equity awards attributable to pre-combination service | $ | 70 |
Consideration of common stock and replacement equity awards for pre-combination service | $ | 2,355 |
Sirius XM’s Pandora preferred stock investment (related party fair value instrument) canceled | $ | 524 |
Total consideration for Pandora Acquisition | $ | 2,879 |
Value attributed to par at $0.001 par value | $ | 1 |
Balance to capital in excess of par value | $ | 2,354 |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The table below summarizes the fair value of the assets acquired and liabilities assumed as of the acquisition date:
Acquired Assets: |
Cash and cash equivalents | $ | 313 |
Receivables, net | 353 |
Prepaid expenses and other current assets | 109 |
Property and equipment | 65 |
Intangible assets | 1,107 |
Goodwill | 1,553 |
Deferred tax assets | 102 |
Operating lease right-of-use assets | 104 |
Long term assets | 7 |
Total assets | $ | 3,713 |
Assumed Liabilities: |
Accounts payable and accrued expenses | $ | 324 |
Deferred revenue | 37 |
Operating lease current liabilities | 28 |
Current maturities of debt | 151 |
Long-term debt (a) | 218 |
Operating lease liabilities | 69 |
Other long-term liabilities | 7 |
Total liabilities | $ | 834 |
Total consideration | $ | 2,879 |
(a) | In order to present the assets acquired and liabilities assumed, the conversion feature associated with Pandora's convertible notes for $62 has been included within Long-term debt in the table above and included within Additional paid-in-capital within our statement of stockholders' equity (deficit). Refer to Note 13 for additional information.
Acquisition, Pro Forma Information | The following pro forma financial information presents our results as if the Pandora Acquisition had occurred on January 1, 2017:
| For the Years Ended December 31,
| 2019 |  | 2018 |  | 2017
Total revenue | $ | 7,921 |  |  | $ | 7,348 |  |  | $ | 6,818 |
Net income | $ | 938 |  |  | $ | 844 |  |  | $ | 335 |

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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=116869197&loc=d3e4845-128472 + Details
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