Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Comprehensive Income

v2.4.0.6
Consolidated Statements of Comprehensive Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
 12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Revenue:      
Subscriber revenue $ 2,962,665 $ 2,595,414 $ 2,414,174
Advertising revenue, net of agency fees 82,320 73,672 64,517
Equipment revenue 73,456 71,051 71,355
Other revenue 283,599 274,387 266,946
Total revenue 3,402,040 3,014,524 2,816,992
Cost of services:      
Revenue share and royalties 551,012 471,149 435,410
Programming and content 278,997 281,234 305,914
Customer service and billing 294,980 259,719 241,680
Satellite and transmission 72,615 75,902 80,947
Cost of equipment 31,766 33,095 35,281
Subscriber acquisition costs 474,697 434,482 413,041
Sales and marketing 248,905 222,773 215,454
Engineering, design and development 48,843 53,435 45,390
General and administrative 261,905 238,738 240,970
Depreciation and amortization 266,295 267,880 273,691
Restructuring, impairments and related costs 0 0 63,800
Total operating expenses 2,530,015 2,338,407 2,351,578
Income from operations 872,025 676,117 465,414
Other income (expense):      
Interest expense, net of amounts capitalized (265,321) (304,938) (295,643)
Loss on extinguishment of debt and credit facilities, net (132,726) (7,206) (120,120)
Interest and investment income (loss) 716 73,970 (5,375)
Other (loss) income (226) 3,252 3,399
Total other expense (397,557) (234,922) (417,739)
Income before income taxes 474,468 441,195 47,675
Income tax benefit (expense) 2,998,234 (14,234) (4,620)
Net income 3,472,702 426,961 43,055
Unrealized gain on available-for-sale securities 0 0 469
Realized loss on XM Canada investment foreign currency adjustment 0 6,072 0
Foreign currency translation adjustment, net of tax 49 (140) 251
Total comprehensive income $ 3,472,751 $ 432,893 $ 43,775
Net income per common share:      
Basic (in dollars per share) $ 0.55 $ 0.07 $ 0.01
Diluted (in dollars per share) $ 0.51 $ 0.07 $ 0.01
Weighted average common shares outstanding:      
Basic (in shares) 4,209,073 3,744,606 3,693,259
Diluted (in shares) 6,873,786 6,500,822 6,391,071