For the Three Months Ended March 31,

2015

2014

Revenue ^(a)

$

13,517

$

11,781

Investment income

Share of net earnings ^(b)

$

—

$

4,326

Dividends ^(c)

$

976

$

—

(a)

Under our agreements with Sirius XM Canada, we receive a percentage-based royalty for certain types of subscription revenue earned by Sirius XM Canada for the distribution of Sirius and XM channels, royalties for activation fees and reimbursements for other charges.  We record revenue from Sirius XM Canada as Other revenue in our unaudited consolidated statements of comprehensive income.

(b)

We recognize our proportionate share of earnings or losses of Sirius XM Canada as they occur as a component of Interest and investment income in our unaudited consolidated statements of comprehensive income on a one month lag.  This amount includes amortization related to the equity method intangible assets of $0 and $363 for the three months ended March 31, 2015 and 2014, respectively.

(c)

Sirius XM Canada declared dividends to us of $3,977 and $4,445 during the three months ended March 31, 2015 and 2014, respectively. These dividends were first recorded as a reduction to our investment balance in Sirius XM Canada to the extent a balance exists and then as Interest and investment income for the remaining portion.