Consolidated Statements of Comprehensive Income - USD ($) shares in Thousands, $ in Thousands |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Sep. 30, 2016 |
Sep. 30, 2015 |
Sep. 30, 2016 |
Sep. 30, 2015 |
|
| Revenue: | ||||
| Subscriber revenue | $ 1,069,746 | $ 974,471 | $ 3,112,712 | $ 2,826,018 |
| Advertising revenue | 34,268 | 33,131 | 99,330 | 88,843 |
| Equipment revenue | 31,306 | 25,875 | 86,285 | 79,979 |
| Other revenue | 142,326 | 136,235 | 415,895 | 379,072 |
| Total revenue | 1,277,646 | 1,169,712 | 3,714,222 | 3,373,912 |
| Cost of services: | ||||
| Revenue share and royalties | 272,823 | 238,620 | 788,952 | 783,115 |
| Programming and content | 89,015 | 75,707 | 257,760 | 216,223 |
| Customer service and billing | 94,923 | 94,492 | 285,502 | 278,521 |
| Satellite and transmission | 22,224 | 22,743 | 80,609 | 65,761 |
| Cost of equipment | 9,674 | 9,246 | 29,181 | 29,021 |
| Subscriber acquisition costs | 120,111 | 133,009 | 381,516 | 391,773 |
| Sales and marketing | 99,194 | 90,541 | 279,278 | 255,778 |
| Engineering, design and development | 19,254 | 16,132 | 57,588 | 47,180 |
| General and administrative | 90,369 | 67,234 | 249,052 | 219,194 |
| Depreciation and amortization | 67,880 | 70,404 | 202,215 | 202,527 |
| Total operating expenses | 885,467 | 818,128 | 2,611,653 | 2,489,093 |
| Income from operations | 392,179 | 351,584 | 1,102,569 | 884,819 |
| Other income (expense): | ||||
| Interest expense | (89,092) | (76,624) | (250,888) | (221,912) |
| Other income | 2,370 | 4,133 | 15,733 | 9,077 |
| Total other expense | (86,722) | (72,491) | (235,155) | (212,835) |
| Income before income taxes | 305,457 | 279,093 | 867,414 | 671,984 |
| Income tax expense | (111,556) | (112,543) | (326,108) | (296,893) |
| Net income | 193,901 | 166,550 | 541,306 | 375,091 |
| Foreign currency translation adjustment, net of tax | (14) | (91) | 420 | (100) |
| Total comprehensive income | $ 193,887 | $ 166,459 | $ 541,726 | $ 374,991 |
| Net income per common share: | ||||
| Basic (in dollars per share) | $ 0.04 | $ 0.03 | $ 0.11 | $ 0.07 |
| Diluted (in dollars per share) | $ 0.04 | $ 0.03 | $ 0.11 | $ 0.07 |
| Weighted average common shares outstanding: | ||||
| Basic (in shares) | 4,870,281 | 5,297,797 | 4,957,820 | 5,436,378 |
| Diluted (in shares) | 4,919,829 | 5,346,438 | 5,005,133 | 5,487,116 |
| X | ||||||||||
- Definition Customer service and billing expenses include costs associated with the operation of our customer service centers and subscriber management systems as well as bad debt expense. No definition available.
|
| X | ||||||||||
- Definition Revenue and royalties from the sale of radios, components and accessories. No definition available.
|
| X | ||||||||||
- Definition Amounts earned from subscribers for the U.S. Music Royalty Fee, revenue from equity method investees and ancillary revenues. No definition available.
|
| X | ||||||||||
- Definition Costs to acquire, create and produce content and on-air talent costs. No definition available.
|
| X | ||||||||||
- Definition Distribution and content provider revenue share, residuals and broadcast and web streaming royalties. No definition available.
|
| X | ||||||||||
- Definition Costs associated with the operation and maintenance of our satellites; satellite telemetry, tracking and control system; terrestrial repeater network; satellite uplink facility; and broadcast studios. No definition available.
|
| 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.
|
| X | ||||||||||
- Definition Revenue from the sale of advertising time (such as television and radio) or space (newspaper or magazine pages). May also include advertising, marketing and promotional services rendered during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- 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://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Total costs related to goods produced and sold during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Total costs of sales and operating expenses for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- 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://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- 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/presentationRef
|
| X | ||||||||||
- 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/presentationRef
|
| X | ||||||||||
- 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://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- 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://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- 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/presentationRef
|
| X | ||||||||||
- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- 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/presentationRef
|
| X | ||||||||||
- 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://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The net result for the period of deducting operating expenses from operating revenues. No definition available.
|
| X | ||||||||||
- 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://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition The aggregate total amount of expenses directly related to the marketing or selling of products or services. No definition available.
|
| X | ||||||||||
- Definition Revenue from circulation or sale of subscriptions (for example, but not limited to, subscriptions to a magazine or newspaper). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Costs incurred in providing technology services. The services may include training, installation, engineering or consulting. Consulting services often include implementation support, software design or development, or the customization or modification of the licensed software. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- 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://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- 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://www.xbrl.org/2003/role/presentationRef
|