XML 183 R17.htm IDEA: XBRL DOCUMENT
v3.23.1

Property and Equipment | 3 Months Ended
--- | ---
Mar. 31, 2023
Property, Plant and Equipment [Abstract] |
Property and Equipment | Property and Equipment Property and equipment, net, consists of the following:
| March 31, 2023 |  | December 31, 2022
Satellite system | $ | 1,598 |  |  | $ | 1,841 |
Terrestrial repeater network | 118 |  |  | 118 |
Leasehold improvements | 102 |  |  | 100 |
Broadcast studio equipment | 135 |  |  | 133 |
Capitalized software and hardware | 1,831 |  |  | 1,821 |
Satellite telemetry, tracking and control facilities | 79 |  |  | 76 |
Furniture, fixtures, equipment and other | 87 |  |  | 89 |
Land | 32 |  |  | 32 |
Building | 71 |  |  | 70 |
Construction in progress | 477 |  |  | 313 |
Total property and equipment | 4,530 |  |  | 4,593 |
Accumulated depreciation | (2,944) |  |  | (3,094) |
Property and equipment, net | $ | 1,586 |  |  | $ | 1,499 |
Construction in progress consists of the following:
| March 31, 2023 |  | December 31, 2022
Satellite system | $ | 314 |  |  | $ | 212 |
Terrestrial repeater network | 11 |  |  | 10 |
Capitalized software and hardware | 114 |  |  | 56 |
Other | 38 |  |  | 35 |
Construction in progress | $ | 477 |  |  | $ | 313 |
Depreciation and amortization expense on property and equipment was $99 and $96 for the three months ended March 31, 2023 and 2022, respectively. During the three months ended March 31, 2023, we recorded impairment charges of less than $1 related to furniture and equipment in connection with impaired office space leases and $2 related to terminated software projects. Additionally, we retired fully depreciated property and equipment of $249 primarily related to the retirement of our XM-4 satellite and $22 with a net book value of $1 during the three months ended March 31, 2023 and 2022, respectively. We capitalize a portion of the interest on funds borrowed to finance the construction and launch of our satellites. Capitalized interest is recorded as part of the asset’s cost and depreciated over the satellite’s useful life. Capitalized interest costs were $3 and $1 for the three months ended March 31, 2023 and 2022, respectively, which related to the construction of our SXM-9, SXM-10, SXM-11 and SXM-12 satellites. We also capitalize a portion of share-based compensation related to employee time for capitalized software projects. Capitalized share-based compensation costs were $5 for each of the three months ended March 31, 2023 and 2022. Satellites As of March 31, 2023, we operated a fleet of five satellites. Each satellite requires an FCC license, and prior to the expiration of each license, we are required to apply for a renewal of the FCC satellite license. The renewal and extension of our licenses is reasonably certain at minimal cost, which is expensed as incurred. The chart below provides certain information on our satellites as of March 31, 2023:
Satellite Description |  | Year Delivered |  | Estimated End of Depreciable Life |  | FCC License Expiration Year
SIRIUS FM-5 |  | 2009 |  | 2024 |  | 2025
SIRIUS FM-6 |  | 2013 |  | 2028 |  | 2030
XM-3 |  | 2005 |  | 2020 |  | 2026
XM-5 |  | 2010 |  | 2025 |  | 2026
SXM-8 |  | 2021 |  | 2036 |  | 2029
During the three months ended March 31, 2023, we removed our XM-4 satellite from service and began the process of de-orbiting the satellite which we expect to be completed by the end of 2023. Our XM-3 satellite remains available as an in-orbit spare.

X
- References No definition available. + Details
Name: | us-gaap_PropertyPlantAndEquipmentAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 6 -URI https://asc.fasb.org/extlink&oid=126982197&loc=d3e99893-112916 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI https://asc.fasb.org/topic&trid=2155823 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 7 -URI https://asc.fasb.org/extlink&oid=126982197&loc=SL120174063-112916 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 1 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=126982197&loc=d3e99779-112916 + Details
Name: | us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration