Annual report pursuant to Section 13 and 15(d)

Earnings per Share (Details)

v2.4.1.9
Earnings per Share (Details) (USD $)
In Thousands, except Per Share data, unless otherwise specified
 3 Months Ended 12 Months Ended
Dec. 31, 2014
Sep. 30, 2014
Jun. 30, 2014
Mar. 31, 2014
Dec. 31, 2013
Sep. 30, 2013
Jun. 30, 2013
Mar. 31, 2013
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Numerator:                      
Net income $ 143,122us-gaap_NetIncomeLoss $ 136,170us-gaap_NetIncomeLoss $ 119,961us-gaap_NetIncomeLoss $ 93,988us-gaap_NetIncomeLoss $ 65,197us-gaap_NetIncomeLoss $ 62,894us-gaap_NetIncomeLoss $ 125,522us-gaap_NetIncomeLoss $ 123,602us-gaap_NetIncomeLoss $ 493,241us-gaap_NetIncomeLoss $ 377,215us-gaap_NetIncomeLoss $ 3,472,702us-gaap_NetIncomeLoss
Less:                      
Undistributed Earnings (Loss) Allocated to Participating Securities, Basic                 0us-gaap_UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic (3,825)us-gaap_UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic (1,084,895)us-gaap_UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
Dividends paid to preferred stockholders                 0us-gaap_PreferredStockDividendsIncomeStatementImpact 0us-gaap_PreferredStockDividendsIncomeStatementImpact (64,675)us-gaap_PreferredStockDividendsIncomeStatementImpact
Net income available to common stockholders for basic net income per common share                 493,241us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic 373,390us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic 2,323,132us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic
Add back:                      
Allocation of undistributed income to Series B Preferred Stock                 0us-gaap_UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted 3,825us-gaap_UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted 1,084,895us-gaap_UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
Dividends paid to preferred stockholders                 0siri_DilutiveSecuritiesEffectOnBasicEarningsPerShareDividendsPaidToPreferredStockholders 0siri_DilutiveSecuritiesEffectOnBasicEarningsPerShareDividendsPaidToPreferredStockholders 64,675siri_DilutiveSecuritiesEffectOnBasicEarningsPerShareDividendsPaidToPreferredStockholders
Effect of interest on assumed conversions of convertible debt                 0us-gaap_DilutiveSecuritiesEffectOnBasicEarningsPerShareOther 0us-gaap_DilutiveSecuritiesEffectOnBasicEarningsPerShareOther 38,500us-gaap_DilutiveSecuritiesEffectOnBasicEarningsPerShareOther
Net income available to common stockholders for diluted net income per common share                 $ 493,241us-gaap_NetIncomeLossAvailableToCommonStockholdersDiluted $ 377,215us-gaap_NetIncomeLossAvailableToCommonStockholdersDiluted $ 3,511,202us-gaap_NetIncomeLossAvailableToCommonStockholdersDiluted
Denominator:                      
Weighted average common shares outstanding for basic net income per common share (in shares)                 5,788,944us-gaap_WeightedAverageNumberOfSharesOutstandingBasic [1] 6,227,646us-gaap_WeightedAverageNumberOfSharesOutstandingBasic [1] 4,209,073us-gaap_WeightedAverageNumberOfSharesOutstandingBasic [1]
Weighted average impact of assumed Series B Preferred Stock conversion (in shares)                 0us-gaap_IncrementalCommonSharesAttributableToConversionOfPreferredStock 63,789us-gaap_IncrementalCommonSharesAttributableToConversionOfPreferredStock 2,215,900us-gaap_IncrementalCommonSharesAttributableToConversionOfPreferredStock
Weighted average impact of assumed convertible debt (in shares)                 0us-gaap_IncrementalCommonSharesAttributableToConversionOfDebtSecurities [2] 0us-gaap_IncrementalCommonSharesAttributableToConversionOfDebtSecurities [2] 298,725us-gaap_IncrementalCommonSharesAttributableToConversionOfDebtSecurities [2]
Weighted average impact of other dilutive equity instruments (in shares)                 73,076us-gaap_WeightedAverageNumberDilutedSharesOutstandingAdjustment 93,356us-gaap_WeightedAverageNumberDilutedSharesOutstandingAdjustment 150,088us-gaap_WeightedAverageNumberDilutedSharesOutstandingAdjustment
Weighted average shares for diluted net income per common share (in shares)                 5,862,020us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 6,384,791us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 6,873,786us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding
Net income per common share:                      
Basic (in dollars per share) $ 0.03us-gaap_EarningsPerShareBasic $ 0.02us-gaap_EarningsPerShareBasic $ 0.02us-gaap_EarningsPerShareBasic $ 0.02us-gaap_EarningsPerShareBasic $ 0.01us-gaap_EarningsPerShareBasic $ 0.01us-gaap_EarningsPerShareBasic $ 0.02us-gaap_EarningsPerShareBasic $ 0.02us-gaap_EarningsPerShareBasic $ 0.09us-gaap_EarningsPerShareBasic $ 0.06us-gaap_EarningsPerShareBasic $ 0.55us-gaap_EarningsPerShareBasic
Diluted (in dollars per share) $ 0.03us-gaap_EarningsPerShareDiluted [3] $ 0.02us-gaap_EarningsPerShareDiluted [3] $ 0.02us-gaap_EarningsPerShareDiluted [3] $ 0.02us-gaap_EarningsPerShareDiluted [3] $ 0.01us-gaap_EarningsPerShareDiluted $ 0.01us-gaap_EarningsPerShareDiluted $ 0.02us-gaap_EarningsPerShareDiluted $ 0.02us-gaap_EarningsPerShareDiluted $ 0.08us-gaap_EarningsPerShareDiluted $ 0.06us-gaap_EarningsPerShareDiluted $ 0.51us-gaap_EarningsPerShareDiluted
[1] For the year ended December 31, 2014, the weighted-average common shares outstanding for basic net income per common share includes approximately 31,078,000 shares of the 272,855,859 shares related to the conversion of the 7% Exchangeable Senior Subordinated Notes due 2014, due to the weighted-average in calculating earnings per share.
[2] During the years ended December 31, 2013 and 2012, the common stock reserved for conversion in connection with the 7% Exchangeable Senior Subordinated Notes due 2014 were considered to be anti-dilutive and dilutive, respectively, in our calculation of diluted net income per share.
[3] The sum of quarterly net income per share applicable to common stockholders (diluted) does not necessarily agree to the net income per share for the year due to the timing of common stock issuances.