Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

v2.4.0.8
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2014
Dec. 31, 2013
Current assets:    
Cash and cash equivalents $ 121,171 $ 134,805
Accounts receivable, net 103,872 103,937
Receivables from distributors 89,486 88,975
Inventory, net 18,987 13,863
Prepaid expenses 123,239 110,530
Related party current assets 5,143 9,145
Deferred tax asset 896,386 937,598
Other current assets 19,501 20,160
Total current assets 1,377,785 1,419,013
Property and equipment, net 1,571,460 1,594,574
Long-term restricted investments 5,718 5,718
Deferred financing fees, net 11,988 12,604
Intangible assets, net 2,685,978 2,700,062
Goodwill 2,203,409 2,204,553
Related party long-term assets 33,663 30,164
Long-term deferred tax asset 834,663 868,057
Other long-term assets 9,511 10,035
Total assets 8,734,175 8,844,780
Current liabilities:    
Accounts payable and accrued expenses 558,756 578,333
Accrued interest 57,376 42,085
Current portion of deferred revenue 1,623,668 1,586,611
Current portion of deferred credit on executory contracts 3,672 3,781
Current maturities of long-term debt 497,516 496,815
Current maturities of long-term related party debt 10,970 10,959
Related party current liabilities 47,536 20,320
Total current liabilities 2,799,494 2,738,904
Deferred revenue 146,830 149,026
Deferred credit on executory contracts 558 1,394
Long-term debt 2,943,202 3,093,821
Related party long-term liabilities 15,627 16,337
Other long-term liabilities 103,051 99,556
Total liabilities 6,008,762 6,099,038
Commitments and contingencies (Note 16)      
Stockholders’ equity:    
Preferred stock 0 0
Common stock 6,074 6,096
Accumulated other comprehensive loss, net of tax (190) (308)
Additional paid-in capital 8,607,329 8,674,129
Treasury stock (47,613) 0
Accumulated deficit (5,840,187) (5,934,175)
Total stockholders’ equity 2,725,413 2,745,742
Total liabilities and stockholders’ equity 8,734,175 8,844,780
Sirius XM Radio Inc.
    
Current assets:    
Cash and cash equivalents 121,171 134,805
Accounts receivable, net 103,872 103,937
Receivables from distributors 89,486 88,975
Inventory, net 18,987 13,863
Prepaid expenses 123,239 110,530
Related party current assets 126,295 15,861
Deferred tax asset 896,386 937,598
Other current assets 19,501 20,160
Total current assets 1,498,937 1,425,729
Property and equipment, net 1,571,460 1,594,574
Long-term restricted investments 5,718 5,718
Deferred financing fees, net 11,988 12,604
Intangible assets, net 2,685,978 2,700,062
Goodwill 2,203,409 2,204,553
Related party long-term assets 33,663 30,164
Long-term deferred tax asset 834,663 868,057
Other long-term assets 9,511 10,035
Total assets 8,855,327 8,851,496
Current liabilities:    
Accounts payable and accrued expenses 558,756 578,332
Accrued interest 45,654 42,085
Current portion of deferred revenue 1,623,668 1,586,611
Current portion of deferred credit on executory contracts 3,672 3,781
Current maturities of long-term debt 886,943 963,630
Current maturities of long-term related party debt 10,970 10,959
Related party current liabilities 4,811 4,618
Total current liabilities 3,134,474 3,190,016
Deferred revenue 146,830 149,026
Deferred credit on executory contracts 558 1,394
Long-term debt 2,943,202 3,093,821
Related party long-term liabilities 15,627 16,337
Other long-term liabilities 103,051 99,556
Total liabilities 6,343,742 6,550,150
Commitments and contingencies (Note 16)      
Stockholders’ equity:    
Preferred stock 0 0
Common stock 0 0
Accumulated other comprehensive loss, net of tax (190) (308)
Additional paid-in capital 8,679,538 8,679,538
Accumulated deficit (6,167,763) (6,377,884)
Total stockholders’ equity 2,511,585 2,301,346
Total liabilities and stockholders’ equity $ 8,855,327 $ 8,851,496