SIRIUS XM HOLDINGS INC. SIRI Income Statement

Sirius xm holdings inc. (SIRI)

Income statement / TTM

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
8,002	7,794	7,229	6,685	6,140	5,771	5,677	5,590	5,505	5,425	5,324	5,222	5,110	5,017	4,910	4,802	4,690	4,570	4,464	4,352	4,264	4,181	4,090	3,994	3,899	3,799	3,691	3,597	3,494	3,402	3,293	3,188	3,095	3,014	2,966	2,921	2,877	2,816	2,699	2,573	0	0	0
Cost of services:
Cost of services
3,483	3,383	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Subscriber acquisition costs
418	427	431	439	455	470	478	489	494	499	503	504	507	512	522	535	542	532	518	504	492	493	491	496	502	495	498	485	474	474	464	459	445	434	425	423	428	413	395	357	0	0	0
Sales and marketing
979	937	789	673	560	484	462	460	448	438	425	410	394	386	377	369	364	354	354	347	338	336	319	311	301	291	282	267	256	248	244	239	233	222	213	209	214	215	209	206	0	0	0
Engineering, design and development
297	280	240	193	146	123	119	118	119	112	105	95	86	82	74	71	68	64	62	62	61	62	62	59	59	57	59	59	50	48	46	47	54	53	49	47	45	45	46	45	0	0	0
General and administrative
496	524	470	432	404	354	352	349	341	335	338	345	341	341	354	331	322	324	289	297	297	293	301	294	282	262	252	253	258	261	257	247	242	238	245	241	239	240	227	240	0	0	0
Depreciation and amortization
493	468	422	380	336	301	291	295	294	299	296	284	278	268	271	274	274	272	268	263	263	266	260	254	254	253	259	267	267	266	266	265	265	267	267	269	271	273	279	288	0	0	0
Acquisition and other related costs
8	84	86	86	79	3	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	0
Total operating expenses
6,220	6,147	5,522	4,971	4,503	4,044	4,012	3,974	3,835	3,784	3,750	3,690	3,632	3,585	3,513	3,446	3,476	3,391	3,286	3,231	3,078	3,061	3,018	2,932	2,854	2,754	2,679	2,637	2,574	2,530	2,479	2,422	2,384	2,338	2,373	2,369	2,372	2,351	2,239	2,218	0	0	0
Income from operations
1,782	1,647	1,707	1,714	1,637	1,727	1,664	1,615	1,670	1,641	1,573	1,531	1,477	1,432	1,396	1,355	1,213	1,178	1,178	1,120	1,186	1,119	1,071	1,061	1,045	1,044	1,012	959	919	872	813	766	711	676	593	551	504	465	460	354	0	0	0
Other (expense) income:
Interest expense
399	390	379	361	350	350	350	357	354	346	337	333	334	331	328	315	307	299	293	292	284	269	251	230	212	204	196	211	234	265	294	300	303	304	302	295	295	295	304	333	0	0	0
Loss on extinguishment of debt
-56	-57	-57	-1	-1	0	-43	0	0	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-132	-132	-25	-11	-7	-92	-92	-123	-120	-172	-280	0	0	0
Interest and investment income (loss)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	7	5	3	0	-7	-7	74	73	80	75	-3	-5	-6	7	0	0	0
Loss on change in value of derivatives
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-34	-54	-54	-47	-20	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other (expense) income
0	-3	-40	-82	9	44	11	140	40	13	83	-1	13	14	19	20	22	12	18	21	15	14	12	6	8	8	1	1	0	-0	0	0	1	3	3	4	3	3	3	2	0	0	0
Total other (expense) income
-455	-450	-476	-444	-342	-306	-340	-261	-358	-377	-322	-359	-345	-340	-309	-294	-285	-286	-278	-274	-281	-288	-360	-452	-439	-407	-311	-328	-353	-397	-435	-332	-239	-234	-310	-307	-419	-417	-480	-603	0	0	0
Income before income taxes
1,327	1,197	1,231	1,270	1,295	1,421	1,324	1,354	1,311	1,264	1,251	1,172	1,132	1,091	1,087	1,061	928	891	900	846	904	830	710	609	605	637	700	631	566	474	378	433	472	441	368	329	170	47	195	282	0	0	0
Income tax expense
282	283	309	251	246	245	436	533	582	616	362	364	351	345	411	412	351	382	381	358	399	337	295	267	257	259	232	151	-2,921	-2,998	-3,009	-2,983	15	14	8	6	5	4	7	4	0	0	0
Net income
1,045	914	922	1,019	1,049	1,176	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Net Income (Loss) Attributable to Parent
-	-	-	-	-	-	-	-	729	-	889	807	780	745	675	648	576	509	518	487	504	493	415	342	347	377	468	479	3,488	3,472	3,387	3,417	456	426	274	237	79	43	-27	-254	0	0	0
Realized loss on XM Canada investment foreign currency translation adjustment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-
Foreign currency translation adjustment, net of tax
-18	14	-10	3	-13	-29	2	-1	10	19	6	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
1,027	928	912	1,022	1,036	1,147	890	819	739	667	895	810	780	746	676	648	576	509	517	487	504	493	415	341	347	376	468	479	3,488	3,472	3,387	3,417	462	432	0	0	0	-	-	-	-	-	-
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
6,247	6,120	5,913	5,697	5,464	5,264	5,566	5,362	5,169	4,990	4,409	4,343	4,265	4,196	4,111	4,016	3,923	3,824	3,748	3,676	3,614	3,554	3,484	3,416	3,352	3,284	3,206	3,130	3,045	2,962	2,860	2,763	2,673	2,595	2,543	2,495	2,457	2,414	2,371	2,321	0	0	0
Advertising revenue
Revenue
1,412	1,336	986	666	355	188	177	172	165	160	156	149	142	138	132	131	126	122	116	108	105	100	98	95	91	89	86	84	83	82	79	78	75	73	71	68	66	64	58	55	0	0	0
Equipment
Revenue
173	173	169	165	161	155	153	144	137	132	124	123	121	118	117	111	113	110	109	107	105	104	100	95	86	80	76	76	74	73	73	71	72	71	69	71	72	71	61	54	0	0	0
Cost of services
27	29	29	28	30	31	32	33	35	35	36	37	38	40	42	42	43	42	44	44	45	44	37	33	27	26	30	31	32	31	32	32	32	33	32	33	33	35	34	35	0	0	0
Other revenue
Revenue
170	165	161	157	160	164	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Music royalty fee and other revenue
Total revenue
-	-	-	-	-	-	-	-	-	-	633	606	580	563	548	542	526	512	489	459	438	421	406	387	368	344	321	305	290	283	278	274	274	274	281	286	280	266	208	142	0	0	0
Revenue share and royalties
Cost of services
2,369	2,291	2,021	1,772	1,576	1,394	1,400	1,353	1,242	1,210	1,186	1,162	1,134	1,108	1,040	1,006	1,073	1,034	993	958	827	810	810	768	724	677	608	581	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-
Programming and content
Cost of services
474	462	441	421	411	406	400	403	393	388	386	376	364	353	334	321	307	293	294	293	293	297	292	289	290	290	287	280	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-
Customer service and billing
Cost of services
480	475	450	426	401	382	382	381	382	385	388	388	387	387	384	384	382	377	374	373	371	370	357	341	331	320	319	320	309	294	279	266	260	259	259	255	251	241	231	229	0	0	0
Transmission
Cost of services
179	170	143	121	105	96	91	88	84	83	83	84	100	103	109	109	96	94	87	86	85	86	84	82	80	79	77	76	74	72	72	74	75	75	77	78	79	80	80	79	0	0	0