Annual report pursuant to Section 13 and 15(d)

Property and Equipment, Net

v3.3.1.900
Property and Equipment, Net
 12 Months Ended
Dec. 31, 2015
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net
Property and Equipment, Net

Property and equipment, net consisted of the following (in millions):

 
December 31,
 
2015
 
2014
Distribution equipment (a)
$
114.4

 
$
114.5

Furniture, fixtures and office equipment
64.5

 
53.9

Building (b)
44.8

 
44.8

 
223.7

 
213.2

Less accumulated depreciation
(134.5
)
 
(123.4
)
 
$
89.2

 
$
89.8



(a)
The cost of satellite transponders accounted for as capital leases was $57.5 million as of December 31, 2015 and 2014. Accumulated depreciation for these transponders was $41.6 million and $37.8 million at December 31, 2015 and 2014, respectively.

(b)
Represents the cost of Starz’s corporate headquarters facility in Englewood, Colorado which is accounted for as a capital lease and which is leased from a subsidiary of Starz’s related party, Liberty Media. Accumulated depreciation for the building totaled $4.4 million and $2.9 million at December 31, 2015 and 2014, respectively.