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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | |
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Mar. 31, 2015
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Mar. 31, 2014
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| Cash flows from operating activities | ||
| Net income | $ 105,692us-gaap_NetIncomeLoss | $ 93,988us-gaap_NetIncomeLoss |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 65,027us-gaap_DepreciationAndAmortization | 68,267us-gaap_DepreciationAndAmortization |
| Non-cash interest expense, net of amortization of premium | 1,852us-gaap_AmortizationOfFinancingCostsAndDiscounts | 5,231us-gaap_AmortizationOfFinancingCostsAndDiscounts |
| Provision for doubtful accounts | 10,885us-gaap_ProvisionForDoubtfulAccounts | 10,634us-gaap_ProvisionForDoubtfulAccounts |
| Amortization of deferred income related to equity method investment | (694)us-gaap_RecognitionOfDeferredRevenue | (694)us-gaap_RecognitionOfDeferredRevenue |
| Gain on unconsolidated entity investments, net | 0us-gaap_IncomeLossFromEquityMethodInvestments | (4,326)us-gaap_IncomeLossFromEquityMethodInvestments |
| Dividend received from unconsolidated entity investment | 3,778us-gaap_EquityMethodInvestmentDividendsOrDistributions | 4,222us-gaap_EquityMethodInvestmentDividendsOrDistributions |
| Loss on change in value of derivatives | 0us-gaap_GainLossOnDerivativeInstrumentsNetPretax | 27,023us-gaap_GainLossOnDerivativeInstrumentsNetPretax |
| Share-based payment expense | 19,417us-gaap_ShareBasedCompensation | 18,240us-gaap_ShareBasedCompensation |
| Deferred income taxes | 136,294us-gaap_DeferredIncomeTaxExpenseBenefit | 74,565us-gaap_DeferredIncomeTaxExpenseBenefit |
| Other non-cash purchase price adjustments | (836)us-gaap_OtherNoncashIncomeExpense | (945)us-gaap_OtherNoncashIncomeExpense |
| Changes in operating assets and liabilities: | ||
| Receivables | (9,727)us-gaap_IncreaseDecreaseInAccountsReceivable | (11,080)us-gaap_IncreaseDecreaseInAccountsReceivable |
| Inventory | (3,540)us-gaap_IncreaseDecreaseInInventories | (5,124)us-gaap_IncreaseDecreaseInInventories |
| Related party assets | 192us-gaap_IncreaseDecreaseInDueFromRelatedParties | 654us-gaap_IncreaseDecreaseInDueFromRelatedParties |
| Prepaid expenses and other current assets | (19,102)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets | (15,682)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets |
| Other long-term assets | 215us-gaap_IncreaseDecreaseInOtherNoncurrentAssets | 718us-gaap_IncreaseDecreaseInOtherNoncurrentAssets |
| Accounts payable and accrued expenses | (27,918)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities | (68,168)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities |
| Accrued interest | (12,690)us-gaap_IncreaseDecreaseInInterestPayableNet | 15,291us-gaap_IncreaseDecreaseInInterestPayableNet |
| Deferred revenue | 40,304us-gaap_IncreaseDecreaseInDeferredRevenue | 34,861us-gaap_IncreaseDecreaseInDeferredRevenue |
| Related party liabilities | 503us-gaap_IncreaseDecreaseInDueToRelatedParties | 177us-gaap_IncreaseDecreaseInDueToRelatedParties |
| Other long-term liabilities | 377us-gaap_IncreaseDecreaseInOtherNoncurrentLiabilities | 3,538us-gaap_IncreaseDecreaseInOtherNoncurrentLiabilities |
| Net cash provided by operating activities | 310,029us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations | 251,390us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations |
| Cash flows from investing activities: | ||
| Additions to property and equipment | (29,831)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment | (28,601)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment |
| Purchases of restricted and other investments | (3,966)us-gaap_IncreaseDecreaseInRestrictedCash | 0us-gaap_IncreaseDecreaseInRestrictedCash |
| Acquisition of business, net of cash acquired | 0us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired | 1,144us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired |
| Net cash used in investing activities | (33,797)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations | (27,457)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations |
| Cash flows from financing activities: | ||
| Proceeds from exercise of stock options | 0us-gaap_ProceedsFromStockOptionsExercised | 259us-gaap_ProceedsFromStockOptionsExercised |
| Taxes paid in lieu of shares issued for stock-based compensation | (12,711)us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation | (4,229)us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation |
| Proceeds from long-term borrowings and revolving credit facility, net of costs | 1,263,745us-gaap_ProceedsFromIssuanceOfLongTermDebt | 0us-gaap_ProceedsFromIssuanceOfLongTermDebt |
| Repayment of long-term borrowings and revolving credit facility | (657,731)siri_RepaymentsOfLongTermDebtExcludingRelatedPartyDebt | (152,528)siri_RepaymentsOfLongTermDebtExcludingRelatedPartyDebt |
| Common stock repurchased and retired | (535,216)us-gaap_PaymentsForRepurchaseOfCommonStock | (81,069)us-gaap_PaymentsForRepurchaseOfCommonStock |
| Net cash provided by (used in) financing activities | 58,087us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations | (237,567)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations |
| Net increase (decrease) in cash and cash equivalents | 334,319us-gaap_NetCashProvidedByUsedInContinuingOperations | (13,634)us-gaap_NetCashProvidedByUsedInContinuingOperations |
| Cash and cash equivalents at beginning of period | 147,724us-gaap_CashAndCashEquivalentsAtCarryingValue | 134,805us-gaap_CashAndCashEquivalentsAtCarryingValue |
| Cash and cash equivalents at end of period | 482,043us-gaap_CashAndCashEquivalentsAtCarryingValue | 121,171us-gaap_CashAndCashEquivalentsAtCarryingValue |
| Cash paid during the period for: | ||
| Interest, net of amounts capitalized | 76,302us-gaap_InterestPaidNet | 30,687us-gaap_InterestPaidNet |
| Non-cash investing and financing activities: | ||
| Capital lease obligations incurred to acquire assets | 0us-gaap_CapitalLeaseObligationsIncurred | 719us-gaap_CapitalLeaseObligationsIncurred |
| Treasury stock not yet settled | $ 24,858siri_TreasuryStockValueAcquiredNotYetRetired | $ 47,613siri_TreasuryStockValueAcquiredNotYetRetired |
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- Definition
Repayments of long term debt excluding related party debt. No definition available.
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- Definition
Treasury stock value acquired not yet retired. No definition available.
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- Definition
Amount of noncash expense included in interest expense to allocate debt discount and premium, and the costs to issue debt and obtain financing over the related debt instruments. Alternate captions include noncash interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase during the period in capital lease obligations due to entering into new capital leases. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of deferred income tax expense (benefit) pertaining to income (loss) from continuing operations. 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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- Definition
This item represents disclosure of the amount of dividends or other distributions received from unconsolidated subsidiaries, certain corporate joint ventures, and certain noncontrolled corporation; these investments are accounted for under the equity method of accounting. This element excludes distributions that constitute a return of investment, which are classified as investing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate net gain (loss) on all derivative instruments recognized in earnings during the period, before tax effects. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in the amounts payable to vendors for goods and services received and the amount of obligations and expenses incurred but not paid. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in amount due within one year (or one business cycle) from customers for the credit sale of goods and services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period, excluding the portion taken into income, in the liability reflecting revenue yet to be earned for which cash or other forms of consideration was received or recorded as a receivable. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in receivables to be collected from other entities that could exert significant influence over the reporting entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in the aggregate amount of obligations to be paid to the following types of related parties: a parent company and its subsidiaries; subsidiaries of a common parent; an entity and trust for the benefit of employees, such as pension and profit-sharing trusts that are managed by or under the trusteeship of the entities' management; an entity and its principal owners, management, or member of their immediate families; affiliates; or other parties with the ability to exert significant influence. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in interest payable, which represents the amount owed to note holders, bond holders, and other parties for interest earned on loans or credit extended to the reporting entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in the aggregate value of all inventory held by the reporting entity, associated with underlying transactions that are classified as operating activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in other noncurrent operating assets not separately disclosed in the statement of cash flows. No definition available.
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- Definition
The increase (decrease) during the reporting period in other noncurrent operating liabilities not separately disclosed in the statement of cash flows. No definition available.
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- Definition
The increase (decrease) during the reporting period in the value of prepaid expenses and other assets not separately disclosed in the statement of cash flows, for example, deferred expenses, intangible assets, or income taxes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net cash inflow or outflow for the increase (decrease) associated with funds that are not available for withdrawal or use (such as funds held in escrow) and are associated with underlying transactions that are classified as investing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of cash paid for interest during the period net of cash paid for interest that is capitalized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) in cash associated with the entity's continuing operating, investing, and financing activities. While for technical reasons this element has no balance attribute, the default assumption is a debit balance consistent with its label. No definition available.
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| X | ||||||||||
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- Definition
Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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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
Other income (expense) included in net income that results in no cash inflows or outflows in the period. Includes noncash adjustments to reconcile net income (loss) to cash provided by (used in) operating activities that are not separately disclosed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
The cash outflow to reacquire common stock during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash outflow to satisfy an employee's income tax withholding obligation as part of a net-share settlement of a share-based award. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow associated with the acquisition of a business, net of the cash acquired from the purchase. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash inflow from a debt initially having maturity due after one year or beyond the operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash inflow associated with the amount received from holders exercising their stock options. This item inherently excludes any excess tax benefit, which the entity may have realized and reported separately. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of expense related to write-down of receivables to the amount expected to be collected. Includes, but is not limited to, accounts receivable and notes receivable. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of previously reported deferred or unearned revenue that was recognized as revenue during the period. For cash flows, this element primarily pertains to amortization of deferred credits on long-term arrangements. As a noncash item, it is deducted from net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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