Sirius XM Holdings Inc. Quarterly report pursuant to Section 13 or 15(d)

Acquisition (Tables)

3 Months Ended

Mar. 31, 2020

The table below shows the value of the consideration paid in connection with the Pandora Acquisition:



	Total
Pandora common stock outstanding	272
Exchange ratio	1.44
Common stock issued	392
Price per share of Holdings common stock	$	5.83
Value of common stock issued to Pandora stockholders	$	2,285
Value of replacement equity awards attributable to pre-combination service	$	70
Consideration of common stock and replacement equity awards for pre-combination service	$	2,355
Sirius XM’s Pandora preferred stock investment (related party fair value instrument) canceled	$	524
Total consideration for Pandora Acquisition	$	2,879
Value attributed to par at $0.001 par value	$	1
Balance to capital in excess of par value	$	2,354

he following pro forma financial information presents our results as if the Pandora Acquisition had occurred on January 1, 2019:



	For the Three Months Ended March 31,
	2020		2019
Total revenue	$	1,954	$	1,860
Net income	$	293	$	181