Â鶹×îгöÆ·

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(6)ÌýÌýÌýInvestments in Affiliates Accounted for Using the Equity Method

Â鶹×îгöÆ· has various investments accounted for using the equity method. The following table includes the Company's carrying amount and percentage ownership of the more significant investments in affiliates at September 30, 2014 and the carrying amount at December 31, 2013:

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The following table presents the Company's share of earnings (losses) of affiliates:

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Charter Communications, Inc.

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In May 2013, Â鶹×îгöÆ· completed a transaction with investment funds managed by, or affiliated with, Apollo Management, Oaktree Capital Management and Crestview Partners to acquire approximately 26.9 million shares of common stock and approximately 1.1 million warrants in Charter for approximately $2.6 billion, which represented an approximate 27% beneficial ownership, including warrants on an as if converted basis, in Charter, at the time of purchase, and a price per share of $95.50.ÌýÌýÌýÂ鶹×îгöÆ· accounts for the investment in Charter as an equity method affiliate based on the ownership interest obtained and the board seats held by Â鶹×îгöÆ· appointed individuals.ÌýÌýÂ鶹×îгöÆ· allocated the purchase price between the shares of common stock and the warrants acquired in the transaction by determining the fair value of the publicly traded warrants and allocating the remaining balance to the shares acquired, which resulted in an excess basis in the investment of $2.5 billion.ÌýÌýThe excess basis was primarily allocated to franchise fees, customer relationships, debt and goodwill based on a valuation of Charter's assets and liabilities. Due to the amortization of amortizable assets acquired and losses due to warrant and stock option exercises at Charter, the excess basis has decreased to $2.4 billion as of September 30, 2014.ÌýÌýDuring the three and nine months ended September 30, 2014, the Company recognized $11 million and $61 million, respectively, in losses in its investment in Charter shares and warrants due to warrant and stock option exercises at Charter below Â鶹×îгöÆ·'s book basis per share. Â鶹×îгöÆ· recognized $55 million in dilution losses on its investment in Charter shares and warrants during the three and nine months ended September 30, 2013. Dilution losses are included in the other, net line in the accompanying condensed consolidated statements of operations.Ìý

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SIRIUS XM Canada

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In 2005, SIRIUS XM entered into agreements to provide SIRIUS XM Canada with the right to offer SIRIUS XM satellite radio service in Canada. The agreements have an initial ten year term and Sirius XM Canada has the unilateral option to extend the agreements for an additional five year term. SIRIUS XM receives a percentage based royalty for certain types of subscription revenue earned by SIRIUS XM Canada each month for the distribution of Sirius and XM channels, royalties for activation fees and reimbursement for other charges. At September 30, 2014, SIRIUS XM has approximately $6 millionÌýand $18 million in related party assets and liabilities, respectively, related to these agreements described above with SIRIUS XM Canada which are recorded in other assets and other liabilities, respectively, in the condensed consolidated balance sheet.ÌýÌýAdditionally, SIRIUS XM recorded approximately $12 million and $36 million in revenue, for the three and nine months ended September 30, 2014, associated with these various agreements in the other revenue line in the condensed consolidated statements of operations.ÌýÌýSIRIUS XM Canada declared dividends to SIRIUS XM of $5 million during the three months endedÌýSeptember 30, 2014 and 2013, and $39 million and $12 million for the nine months endedÌýSeptember 30, 2014 and 2013, respectively.