SIRIUS XM HOLDINGS INC. SIRI Income Statement

Sirius xm holdings inc. (SIRI)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Sep'09	Jun'09
Revenue:
Revenue
1,952	2,062	2,011	1,977	1,744	1,497	1,467	1,432	1,375	1,403	1,379	1,347	1,294	1,302	1,277	1,235	1,201	1,196	1,169	1,123	1,080	1,090	1,057	1,035	997	1,000	961	940	897	892	867	837	804	783	762	744	723	735	717	699	663	618	590
Cost of services:
Cost of services
839	902	870	872	739	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Subscriber acquisition costs
99	114	101	104	108	118	109	120	123	126	119	125	127	131	120	128	132	140	133	136	122	126	119	124	123	124	125	129	116	126	112	119	116	116	107	105	105	107	105	110	89	90	67
Sales and marketing
225	289	233	232	183	141	117	119	107	119	114	106	96	107	99	91	88	98	90	86	78	98	83	77	76	81	75	68	65	72	60	57	58	68	55	51	47	58	51	56	49	52	48
Engineering, design and development
71	74	78	74	54	34	31	27	31	30	29	27	23	24	19	18	19	17	16	16	14	15	16	15	15	15	13	15	14	16	13	6	12	14	14	13	11	10	12	11	11	11	11
General and administrative
107	145	124	120	135	91	86	92	85	89	83	84	78	92	90	81	77	105	67	72	79	69	75	72	76	77	67	60	56	68	68	65	59	63	58	60	56	70	54	59	57	56	66
Depreciation and amortization
132	124	118	119	107	78	76	75	72	68	79	73	76	66	67	66	67	69	70	67	65	66	64	67	68	60	58	67	67	66	66	66	66	67	65	67	68	66	67	69	70	72	77
Acquisition and other related costs
0	1	0	7	76	3	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2	1	-	2	27
Total operating expenses
1,484	1,663	1,535	1,538	1,411	1,038	984	1,070	952	1,006	945	931	900	973	885	873	852	902	818	903	767	797	763	750	750	754	676	672	650	679	635	609	605	629	578	571	559	664	574	574	538	552	553
Income from operations
468	399	476	439	333	459	483	362	423	396	433	416	393	329	392	362	348	293	351	219	313	293	294	284	247	245	284	267	246	213	231	227	199	154	184	172	164	71	143	125	125	66	37
Other (expense) income:
Interest expense
99	99	104	97	90	88	86	86	90	88	92	82	81	80	89	83	78	77	76	75	69	71	75	67	54	54	54	49	46	45	70	72	76	75	75	76	78	72	68	76	77	80	98
Loss on extinguishment of debt
0	0	-56	0	-1	0	0	0	0	-	-43	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-107	-16	-	0	-107	-15	-9	0	0	-1	-5	-85	-0	-31	-2	-138	-107
Interest and investment income (loss)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1	4	-	1	0	1	3	-0	-1	-1	-4	0	80	-1	1	-4	0	-3	0	9
Loss on change in value of derivatives
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-7	-27	-20	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other (expense) income
4	-1	0	-3	1	-38	-42	88	36	-70	86	-11	8	-0	2	2	10	3	4	4	0	9	6	-1	0	7	0	0	0	0	0	-0	-0	1	0	0	1	1	1	-0	1	1	0
Total other (expense) income
-95	-100	-160	-100	-90	-126	-128	2	-54	-160	-49	-94	-72	-105	-86	-80	-67	-73	-72	-71	-69	-65	-68	-77	-76	-137	-160	-65	-44	-41	-177	-90	-88	-78	-74	2	-84	-154	-72	-108	-82	-216	-195
Income before income taxes
373	299	316	339	243	333	355	364	369	236	384	321	321	224	305	281	280	219	279	148	244	228	225	206	170	108	124	202	202	171	54	137	110	75	109	175	79	2	71	16	-42	150	158
Income tax expense
80	56	70	76	81	82	12	71	80	273	108	119	113	19	111	106	108	85	112	45	138	84	89	86	76	43	61	76	79	15	-20	-2,996	2	4	5	2	1	-1	3	1	1	1	1
Net income
293	243	246	263	162	251	343	293	289	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-151	-159
Net Income (Loss) Attributable to Parent
-	-	-	-	-	-	-	-	289	-	275	202	207	204	193	174	172	134	166	102	105	143	136	119	93	65	62	125	123	156	74	3,134	107	71	104	173	78	-81	67	15	41	-151	-159
Realized loss on XM Canada investment foreign currency translation adjustment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	6	-	-	-	-	-	-	-
Foreign currency translation adjustment, net of tax
-25	5	-5	7	7	-19	8	-9	-9	12	3	2	-0	-0	-0	-0	0	0	-0	-0	0	-0	-0	-0	0	-0	-0	-0	-0	0	0	0	-0	-0	0	0	0	-	-	-	-	-	-
Total comprehensive income
268	248	241	270	169	232	351	284	280	-24	279	204	207	204	193	174	172	134	166	102	105	143	136	119	94	65	62	125	123	156	74	3,134	107	71	104	179	78	-	-	-	-	-	-
Net income per common share:
Basic (in dollars per share)
0.07	0.04	0.06	0.06	0.04	0.05	0.08	0.07	0.06	0.00	0.06	0.04	0.04	0.04	0.04	0.04	0.03	0.02	0.03	0.02	0.02	0.03	0.02	0.02	0.02	0.01	0.01	0.02	0.02	0.03	0.01	0.49	0.02	-0.02	0.02	0.05	0.02	-0.02	0.02	0.00	0.01	-0.04	-0.04
Diluted (in dollars per share)
0.07	0.06	0.05	0.06	0.03	0.07	0.07	0.06	0.06	0.00	0.06	0.04	0.04	0.04	0.04	0.04	0.03	0.02	0.03	0.02	0.02	0.02	0.02	0.02	0.02	0.01	0.01	0.02	0.02	0.00	0.01	0.48	0.02	0.01	0.02	0.03	0.01	-0.01	0.01	0.00	0.01	-0.04	-0.04
Weighted average common shares outstanding:
Basic (in shares)
4,405	4,415	4,450	4,568	4,571	4,401	4,474	4,482	4,491	4,570	4,618	4,652	4,710	4,793	4,870	4,938	5,065	5,190	5,297	5,443	5,570	5,569	5,626	5,865	6,094	6,111	6,184	6,354	6,259	5,269	4,034	3,765	3,767	3,751	3,747	3,744	3,735	3,722	3,689	3,683	3,677	3,621	3,586
Diluted (in shares)
4,515	4,547	4,564	4,675	4,678	4,495	4,574	4,589	4,586	4,671	4,704	4,735	4,784	4,840	4,919	4,988	5,110	5,246	5,346	5,507	5,639	5,090	5,974	6,210	6,173	6,198	6,287	6,447	6,606	7,873	6,577	6,506	6,537	6,210	6,507	6,804	6,481	6,495	6,369	6,363	6,335	3,621	3,586
Common Stock, Dividends, Per Share, Declared
-	-	-	0.01	-	-	-	0.01	0.01	-	0.01	0.01	0.01	0.01	0.00	0.00	0.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Subscriber revenue
Revenue
1,585	1,569	1,556	1,537	1,458	1,362	1,340	1,304	1,258	1,664	1,136	1,111	1,078	1,084	1,069	1,033	1,009	998	974	940	911	922	902	878	851	852	834	814	783	774	757	730	700	672	660	639	622	620	612	601	579	578	561
Advertising revenue
Revenue
285	403	366	358	209	53	46	47	42	42	41	40	36	38	34	33	31	33	33	28	26	27	25	25	22	25	21	21	20	22	20	20	18	20	18	18	16	18	15	15	14	12	12
Equipment
Revenue
41	46	45	41	41	42	41	37	35	40	32	29	29	32	31	27	27	30	25	29	24	29	23	27	23	25	17	18	18	22	17	16	16	22	15	17	15	20	17	18	14	10	10
Cost of services
4	9	8	6	6	9	7	8	7	10	8	9	6	11	9	9	9	13	9	10	8	15	9	12	7	8	5	5	7	12	6	7	5	13	5	7	6	13	6	7	7	11	8
Other revenue
Revenue
41	44	44	41	36	40	40	44	40	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Music royalty fee and other revenue
Total revenue
-	-	-	-	-	-	-	-	-	-	169	166	150	147	142	140	132	132	136	125	117	110	106	104	100	96	87	85	75	73	71	70	68	68	67	69	68	76	71	63	55	17	5
Revenue share and royalties
Cost of services
570	607	592	600	492	337	343	404	310	343	296	292	277	319	272	264	251	251	238	331	212	210	204	200	195	210	162	155	148	-	141	135	-	-	-	-	-	-	-	-	-	-	-
Programming and content
Cost of services
118	124	116	116	106	103	96	106	101	97	98	96	95	96	89	83	85	76	75	69	71	77	74	69	74	73	72	70	74	-	69	65	-	-	-	-	-	-	-	-	-	-	-
Customer service and billing
Cost of services
118	123	119	120	113	98	95	95	94	98	94	95	96	101	94	93	96	99	94	91	92	96	93	90	91	83	76	80	80	82	77	68	66	67	64	62	65	66	60	58	56	56	58
Transmission
Cost of services
40	53	46	40	31	26	24	24	22	21	21	19	20	22	22	34	23	28	22	21	21	21	21	21	21	20	19	19	19	18	18	17	18	18	19	18	18	20	20	19	20	19	19