For the Three Months Ended June 30,

For the Six Months Ended June 30,

2015

2014

2015

2014

Revenue ^(a)

$

12,979

$

12,559

$

26,496

$

24,340

Investment income

Share of net (losses) earnings ^(b)

$

—

$

(1,018

)

$

—

$

3,308

Dividends ^(c)

$

4,013

$

—

$

4,989

$

—

(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 for the three months ended June 30, 2015 and 2014, and $0 and $363 for the six months ended June 30, 2015 and 2014, respectively.  As of June 30, 2015 we had $4,209 in losses related to our investment in Sirius XM Canada that we had not recorded in our unaudited consolidated financial statements since our investment balance is zero.  Future equity income will be offset by these losses prior to recording equity income in our results.

(c)

Sirius XM Canada declared dividends to us of $4,013 and $30,010 during the three months ended June 30, 2015 and 2014, respectively, and $7,990 and $34,455 during the six months ended June 30, 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 existed and then as Interest and investment income for the remaining portion.