Sirius XM Holdings Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

Consolidated Statements of Cash Flows (USD $) In Thousands, unless otherwise specified	11 Months Ended		12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2014	Jan. 31, 2013
Operating activities
Net loss	$ (27,017)us-gaap_NetIncomeLoss	$ (24,462)us-gaap_NetIncomeLoss	$ (30,406)us-gaap_NetIncomeLoss	$ (38,148)us-gaap_NetIncomeLoss
Adjustments to reconcile net loss to net cash provided by (used in) operating activities
Depreciation and amortization	10,112	6,406	15,431	7,076
Loss on retirement of fixed assets	0us-gaap_GainLossOnDispositionOfAssets	23us-gaap_GainLossOnDispositionOfAssets	105us-gaap_GainLossOnDispositionOfAssets	23us-gaap_GainLossOnDispositionOfAssets
Stock-based compensation	40,041us-gaap_ShareBasedCompensation	23,283us-gaap_ShareBasedCompensation	87,055us-gaap_ShareBasedCompensation	25,500us-gaap_ShareBasedCompensation
Amortization of premium on investments	237	329	2,833	360
Amortization of debt issuance costs	220	242	197	264
Excess tax benefit from stock-based awards	0	0	(348)	0
Changes in assets and liabilities
Accounts receivable	(60,613)	(43,487)	(54,414)	(36,672)
Prepaid expenses and other assets	(7,891)	(2,189)	(9,219)	(3,752)
Accounts payable and accrued liabilities	17,352	10,419	12,520	4,963
Accrued royalties	13,027	17,525	7,608	19,261
Accrued compensation	(3,393)	2,085	13,736	9,598
Deferred revenue	13,384	10,285	(28,238)	10,034
Reimbursement of cost of leasehold improvements	1,555us-gaap_ImpairmentOfLeasehold	1,243us-gaap_ImpairmentOfLeasehold	4,169us-gaap_ImpairmentOfLeasehold	1,243us-gaap_ImpairmentOfLeasehold
Net cash provided by (used in) operating activities	(2,986)	1,702	21,029	(250)
Investing activities
Purchases of property and equipment	(21,180)	(11,809)	(30,039)	(7,580)
Purchases of patents	(8,000)	0	0	0
Purchases of investments	(224,549)us-gaap_PaymentsToAcquireInvestments	(59,559)us-gaap_PaymentsToAcquireInvestments	(340,679)us-gaap_PaymentsToAcquireInvestments	(65,168)us-gaap_PaymentsToAcquireInvestments
Proceeds from maturities of investments	42,210	79,603	258,518	87,933
Payments related to acquisition	(400)	0	0	0
Net cash provided by (used in) investing activities	(211,919)	8,235	(112,200)	15,185
Financing activities
Borrowings under debt arrangements	10,000	0	0	0
Repayments of debt	(10,000)us-gaap_RepaymentsOfLongTermDebt	0us-gaap_RepaymentsOfLongTermDebt	0us-gaap_RepaymentsOfLongTermDebt	0us-gaap_RepaymentsOfLongTermDebt
Payment of debt issuance costs in connection with the debt refinancing	(450)us-gaap_PaymentsOfDebtIssuanceCosts	0us-gaap_PaymentsOfDebtIssuanceCosts	0us-gaap_PaymentsOfDebtIssuanceCosts	0us-gaap_PaymentsOfDebtIssuanceCosts
Proceeds from follow-on offering, net of issuance costs	378,654	0	0	0
Proceeds from exercise of stock options	17,273	5,877	16,894	6,669
Tax payments from net share settlements of restricted stock units	(480)	0	(2,019)	0
Excess tax benefit from stock-based awards	0	0	348	0
Proceeds from employee stock purchase plan	0us-gaap_ProceedsFromStockPlans	0us-gaap_ProceedsFromStockPlans	6,438us-gaap_ProceedsFromStockPlans	0us-gaap_ProceedsFromStockPlans
Net cash provided by financing activities	394,997	5,877	21,661	6,669
Effect of exchange rate changes on cash and cash equivalents	(62)	(1)	(288)	(5)
Net increase (decrease) in cash and cash equivalents	180,030	15,813	(69,798)	21,599
Cash and cash equivalents at beginning of period	65,725	44,126	245,755	44,126
Cash and cash equivalents at end of period	245,755	59,939	175,957	65,725
Supplemental disclosures of cash flow information
Cash paid during the period for income taxes	26us-gaap_IncomeTaxesPaidNet	0us-gaap_IncomeTaxesPaidNet	164us-gaap_IncomeTaxesPaidNet	0us-gaap_IncomeTaxesPaidNet
Cash paid during the period for interest	18us-gaap_InterestPaidNet	283us-gaap_InterestPaidNet	314us-gaap_InterestPaidNet	289us-gaap_InterestPaidNet
Purchases of property and equipment recorded in accounts payable and accrued liabilities	$ 7,910	$ 726	$ 751	$ 1,952