麻豆最新出品

听

听

听

听

听

(6)听听听Investments in Affiliates Accounted for Using the Equity Method

麻豆最新出品 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 March 31, 2015 and the carrying amount at December 31, 2014:

听

听

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

听

听

Charter Communications, Inc.

听

In May 2013, 麻豆最新出品 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 in Charter (including warrants on an as if converted basis) at the time of purchase, and a price per share of $95.50. 麻豆最新出品 accounted for the investment in Charter as an equity method affiliate based on the ownership interest obtained and the board seats held by 麻豆最新出品 appointed individuals. 麻豆最新出品 funded the purchase with a combination of cash on hand and debt (as discussed in note 8).听 During the three months ended March 31, 2014, in addition to 麻豆最新出品鈥檚 share of losses of Charter the Company recognized $46 million in losses due to warrant听and stock option exercises at Charter below 麻豆最新出品's book basis per share. Dilution losses are included in the other, net line in the accompanying condensed consolidated statements of operations. As discussed in note 1, 麻豆最新出品鈥檚 investment in Charter was spun off to stockholders as part of the Broadband Spin-Off, which was completed on November 4, 2014. 麻豆最新出品 ceased recording the results of Charter in its financial statements as of the date of the completion of the Broadband Spin-Off.

听

SIRIUS XM Canada

听

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 March 31, 2015, SIRIUS XM has approximately $5 million听and $13 million in current and noncurrent related party liabilities, respectively, related to these agreements described above with SIRIUS XM Canada which are recorded in current and noncurrent other liabilities, respectively, in the Company鈥檚 condensed consolidated balance sheet.听听Additionally, SIRIUS XM has approximately $3 million in current related party assets at March 31, 2015 due to programming and chipset costs for which SIRIUS XM Canada reimburses SIRIUS XM that are recorded in other current assets in the Company鈥檚 condensed consolidated balance sheet. SIRIUS XM recorded approximately $14 million and $12 million in revenue for the three months ended March 31, 2015 and 2014, respectively, associated with these various agreements in the other revenue line in the condensed consolidated statements of operations.听听SIRIUS XM Canada declared dividends to SIRIUS XM of $4 million during the three months ended听March 31, 2015 and 2014.