|
Consolidated Statements of Comprehensive Income (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
|
Sep. 30, 2013
|
Sep. 30, 2012
|
Sep. 30, 2013
|
Sep. 30, 2012
|
|
| Revenue: | ||||
| Subscriber revenue | $ 834,053 | $ 757,672 | $ 2,432,113 | $ 2,188,199 |
| Advertising revenue | 21,918 | 20,426 | 63,886 | 59,881 |
| Equipment revenue | 17,989 | 17,813 | 54,588 | 51,183 |
| Other revenue | 87,549 | 71,449 | 248,430 | 210,362 |
| Total revenue | 961,509 | 867,360 | 2,799,017 | 2,509,625 |
| Cost of services: | ||||
| Revenue share and royalties | 162,627 | 141,834 | 467,017 | 409,371 |
| Programming and content | 72,322 | 69,938 | 217,313 | 205,203 |
| Customer service and billing | 76,322 | 77,768 | 237,006 | 212,635 |
| Satellite and transmission | 19,853 | 18,319 | 59,041 | 53,980 |
| Cost of equipment | 5,340 | 6,345 | 17,809 | 19,301 |
| Subscriber acquisition costs | 125,457 | 112,418 | 371,560 | 348,014 |
| Sales and marketing | 75,638 | 60,676 | 209,594 | 176,457 |
| Engineering, design and development | 13,007 | 13,507 | 42,901 | 32,468 |
| General and administrative | 67,881 | 68,235 | 184,613 | 193,786 |
| Depreciation and amortization | 58,533 | 66,571 | 192,966 | 199,481 |
| Total operating expenses | 676,980 | 635,611 | 1,999,820 | 1,850,696 |
| Income from operations | 284,529 | 231,749 | 799,197 | 658,929 |
| Other income (expense): | ||||
| Interest expense, net of amounts capitalized | (54,629) | (70,035) | (150,531) | (219,777) |
| Loss on extinguishment of debt and credit facilities, net | (107,971) | (107,105) | (124,348) | (132,726) |
| Interest and investment income (loss) | 1,716 | (321) | 3,648 | (3,192) |
| Other income (loss) | 407 | 113 | 909 | (637) |
| Total other expense | (160,477) | (177,348) | (270,322) | (356,332) |
| Income before income taxes | 124,052 | 54,401 | 528,875 | 302,597 |
| Income tax (expense) benefit | (61,158) | 20,113 | (216,857) | 3,013,860 |
| Net income | 62,894 | 74,514 | 312,018 | 3,316,457 |
| Foreign currency translation adjustment, net of tax | (11) | 0 | (292) | (38) |
| Total comprehensive income | $ 62,883 | $ 74,514 | $ 311,726 | $ 3,316,419 |
| Net income per common share: | ||||
| Basic (in dollars per share) | $ 0.01 | $ 0.01 | $ 0.05 | $ 0.52 |
| Diluted (in dollars per share) | $ 0.01 | $ 0.01 | $ 0.05 | $ 0.49 |
| Weighted average common shares outstanding: | ||||
| Basic (in shares) | 6,184,216 | 4,034,122 | 6,265,981 | 3,870,031 |
| Diluted (in shares) | 6,287,353 | 6,577,654 | 6,446,082 | 6,848,230 |
| 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
Sum of operating profit and nonoperating income (expense) before income taxes. No definition available.
|
| X | ||||||||||
|
- Definition
Interest and Investment income (loss). 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, 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. 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 | ||||||||||
|
- Details
|
| 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 | ||||||||||
|
- Details
|
| 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
Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. 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 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
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
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- 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
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- 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
|
| 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 | ||||||||||
|
- Details
|
| 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
|