Consolidated Statements of Operations (Unaudited) (USD $) In Thousands, except Per Share data |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Sep. 30, 2011 |
Sep. 30, 2010 |
Sep. 30, 2011 |
Sep. 30, 2010 |
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| Revenue: | ||||
| Subscriber revenue | $ 660,837 | $ 612,119 | $ 1,922,917 | $ 1,793,258 |
| Advertising revenue, net of agency fees | 18,810 | 15,973 | 53,595 | 46,296 |
| Equipment revenue | 15,504 | 17,823 | 48,392 | 50,625 |
| Other revenue | 67,399 | 71,633 | 205,882 | 190,914 |
| Total revenue | 762,550 | 717,548 | 2,230,786 | 2,081,093 |
| Cost of services: | ||||
| Revenue share and royalties | 117,043 | 114,482 | 340,713 | 320,567 |
| Programming and content | 70,509 | 78,143 | 210,867 | 228,595 |
| Customer service and billing | 64,239 | 60,613 | 192,667 | 175,238 |
| Satellite and transmission | 19,681 | 20,844 | 57,238 | 60,944 |
| Cost of equipment | 5,888 | 6,463 | 19,894 | 22,187 |
| Subscriber acquisition costs | 107,279 | 105,984 | 317,711 | 305,745 |
| Sales and marketing | 55,210 | 51,519 | 154,471 | 156,813 |
| Engineering, design and development | 14,175 | 12,526 | 39,249 | 35,209 |
| General and administrative | 58,635 | 54,188 | 175,469 | 170,935 |
| Depreciation and amortization | 65,403 | 67,450 | 200,865 | 206,945 |
| Restructuring, impairments and related costs | 2,267 | 4,071 | ||
| Total operating expenses | 578,062 | 574,479 | 1,709,144 | 1,687,249 |
| Income from operations | 184,488 | 143,069 | 521,642 | 393,844 |
| Other income (expense): | ||||
| Interest expense, net of amounts capitalized | (75,316) | (68,559) | (229,730) | (223,230) |
| Loss on extinguishment of debt and credit facilities, net | (256) | (7,206) | (34,695) | |
| Interest and Investment income (loss) | 292 | (4,305) | 78,590 | (7,197) |
| Other income | 435 | 1,108 | 2,235 | 1,837 |
| Total other expense | (74,589) | (72,012) | (156,111) | (263,285) |
| Income before income taxes | 109,899 | 71,057 | 365,531 | 130,559 |
| Income tax expense | (5,714) | (3,428) | (9,907) | (6,060) |
| Net income | $ 104,185 | $ 67,629 | $ 355,624 | $ 124,499 |
| Net income per common share: | ||||
| Basic | $ 0.03 | $ 0.02 | $ 0.10 | $ 0.03 |
| Diluted | $ 0.02 | $ 0.01 | $ 0.05 | $ 0.02 |
| Weighted average common shares outstanding: | ||||
| Basic | 3,747,381 | 3,689,245 | 3,742,309 | 3,686,312 |
| Diluted | 6,507,370 | 6,369,831 | 6,500,819 | 6,361,090 |
| 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.
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- Definition Revenue and royalties from the sale of radios, components and accessories.
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- Definition Sum of operating profit and nonoperating income (expense) before income taxes.
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- Definition Interest and Investment income (loss).
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- Definition Costs to acquire, create and produce content and on-air talent costs.
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- Definition Distribution and content provider revenue share, residuals and broadcast and web streaming royalties.
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- 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.
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- Definition Hardware subsidies paid to radio manufacturers, distributors and automakers, including subsidies paid to automakers who include a radio and a prepaid subscription to our service in the sale or lease price of a new vehicle; subsidies paid for chip sets and certain other components used in manufacturing radios; commissions paid to retailers and automakers as incentives to purchase, install and activate radios; product warranty obligations; provisions for inventory allowance; and compensation costs associated with stock-based awards granted in connection with certain distribution agreements.
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- 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
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- Details
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- Definition Total costs related to goods produced and sold during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Total costs of sales and operating expenses for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- 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
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- Details
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- 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
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- 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
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- Definition Amount represents the difference between the fair value of the payments made and the carrying amount of the debt at the time of its extinguishment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- 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
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- Definition The sum of the current income tax expense or benefit and the deferred income tax expense or benefit pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The cost of borrowed funds accounted for as interest that was charged against earnings during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- 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
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- 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
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- Definition The net result for the period of deducting operating expenses from operating revenues.
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- Definition The net amount of other income and expense amounts, the components of which are not separately disclosed on the income statement, resulting from ancillary business-related activities (that is, excluding major activities considered part of the normal operations of the business) also known as other nonoperating income (expense) recognized for the period. Such amounts may include: (a) dividends, (b) interest on securities, (c) net gains or losses on securities, (d) unusual costs, (e) gains or losses on foreign exchange transactions, and (f) miscellaneous other income and expense items. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition Revenues from the sale of other goods or rendering of other services, not elsewhere specified in the taxonomy; net of (reduced by) sales adjustments, returns, allowances, and discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The aggregate amount provided for estimated restructuring charges, remediation costs, and asset impairment loss during an accounting period. Generally, these items are either unusual or infrequent, but not both (in which case they would be extraordinary items). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Total revenue from sale of goods and services rendered during the reporting period, in the normal course of business, reduced by sales returns and allowances, and sales discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The aggregate total amount of expenses directly related to the marketing or selling of products or services.
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- Definition Revenue from sale of subscriptions (such as subscriptions to a magazine or newspaper). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- 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
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- 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
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- Details
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- 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
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