CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) shares in Thousands, $ in Thousands |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Sep. 30, 2018 |
Sep. 30, 2017 |
Sep. 30, 2018 |
Sep. 30, 2017 |
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| Revenue: | ||||
| Total revenue | $ 1,467,383 | $ 1,379,596 | $ 4,274,784 | $ 4,021,231 |
| Cost of services: | ||||
| Subscriber acquisition costs | 109,469 | 119,555 | 351,940 | 372,197 |
| Sales and marketing | 118,280 | 114,519 | 344,426 | 318,135 |
| Engineering, design and development | 31,011 | 29,433 | 89,133 | 81,033 |
| General and administrative | 85,821 | 83,187 | 263,110 | 245,995 |
| Depreciation and amortization | 75,510 | 79,913 | 222,345 | 230,136 |
| Total operating expenses | 984,826 | 945,631 | 3,007,009 | 2,777,073 |
| Income from operations | 482,557 | 433,965 | 1,267,775 | 1,244,158 |
| Other income (expense): | ||||
| Interest expense | (86,218) | (92,634) | (262,924) | (257,085) |
| Loss on extinguishment of debt | 0 | (43,679) | 0 | (43,679) |
| Other income (expense) | (41,766) | 86,971 | 82,334 | 83,897 |
| Total other income (expense) | (127,984) | (49,342) | (180,590) | (216,867) |
| Income before income taxes | 354,573 | 384,623 | 1,087,185 | 1,027,291 |
| Income tax expense | (11,525) | (108,901) | (162,344) | (342,387) |
| Net income | 343,048 | 275,722 | 924,841 | 684,904 |
| Foreign currency translation adjustment, net of tax | 7,854 | 3,680 | (9,972) | 6,426 |
| Total comprehensive income | $ 350,902 | $ 279,402 | $ 914,869 | $ 691,330 |
| Net income per common share: | ||||
| Basic (in dollars per share) | $ 0.08 | $ 0.06 | $ 0.21 | $ 0.15 |
| Diluted (in dollars per share) | $ 0.07 | $ 0.06 | $ 0.20 | $ 0.14 |
| Weighted average common shares outstanding: | ||||
| Basic (in shares) | 4,473,652 | 4,618,368 | 4,482,249 | 4,660,041 |
| Diluted (in shares) | 4,574,487 | 4,704,571 | 4,586,346 | 4,734,841 |
| Dividends declared per common share (in dollars per share) | $ 0.011 | $ 0.010 | $ 0.033 | $ 0.03 |
| Subscriber revenue | ||||
| Revenue: | ||||
| Total revenue | $ 1,162,439 | $ 1,136,027 | $ 3,418,485 | $ 3,325,295 |
| Advertising revenue | ||||
| Revenue: | ||||
| Total revenue | 46,187 | 41,462 | 135,477 | 117,656 |
| Equipment | ||||
| Revenue: | ||||
| Total revenue | 40,699 | 32,337 | 112,628 | 91,669 |
| Cost of services: | ||||
| Cost of services | 6,572 | 8,254 | 21,343 | 24,537 |
| Music royalty fee and other revenue | ||||
| Revenue: | ||||
| Total revenue | 218,058 | 169,770 | 608,194 | 486,611 |
| Revenue share and royalties | ||||
| Cost of services: | ||||
| Cost of services | 343,015 | 296,498 | 1,057,431 | 866,691 |
| Programming and content | ||||
| Cost of services: | ||||
| Cost of services | 96,256 | 98,239 | 302,742 | 290,038 |
| Customer service and billing | ||||
| Cost of services: | ||||
| Cost of services | 94,626 | 94,655 | 284,073 | 286,754 |
| Satellite and transmission | ||||
| Cost of services: | ||||
| Cost of services | $ 24,266 | $ 21,378 | $ 70,466 | $ 61,557 |
| X | ||||||||||
- Definition Hardware subsidies paid to radio manufacturers, distributors and automakers; subsidies paid for chip sets and certain other components used in manufacturing radios; device royalties for certain radios and chipsets; commissions paid to automakers and retailers; product warranty obligations; freight; and provisions for inventory allowances attributable to inventory consumed in our OEM and retail distribution channels. No definition available.
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- Definition Aggregate dividends declared during the period for each share of common stock outstanding. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The aggregate cost of services rendered during the reporting period, excluding depreciation, depletion and amortization. No definition available.
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- Definition Total costs of sales and operating expenses for the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The net result for the period of deducting operating expenses from operating revenues. No definition available.
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- Definition Amount after tax and reclassification adjustments of gain (loss) on foreign currency translation adjustments, foreign currency transactions designated and effective as economic hedges of a net investment in a foreign entity and intra-entity foreign currency transactions that are of a long-term-investment nature. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The aggregate costs incurred (1) in a planned search or critical investigation aimed at discovery of new knowledge with the hope that such knowledge will be useful in developing a new product or service, a new process or technique, or in bringing about a significant improvement to an existing product or process; or (2) to translate research findings or other knowledge into a plan or design for a new product or process or for a significant improvement to an existing product or process whether intended for sale or the entity's use, during the reporting period charged to research and development projects, including the costs of developing computer software up to the point in time of achieving technological feasibility, and costs allocated in accounting for a business combination to in-process projects deemed to have no alternative future use. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The aggregate total amount of expenses directly related to the marketing or selling of products or services. No definition available.
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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