Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v2.4.0.8
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
Current assets:    
Cash and cash equivalents $ 134,805 $ 520,945
Accounts receivable, net 103,937 106,142
Receivables from distributors 88,975 104,425
Inventory, net 13,863 25,337
Prepaid expenses 110,530 122,157
Related party current assets 9,145 13,167
Deferred tax asset 937,598 923,972
Other current assets 20,160 12,037
Total current assets 1,419,013 1,828,182
Property and equipment, net 1,594,574 1,571,922
Long-term restricted investments 5,718 3,999
Deferred financing fees, net 12,604 38,677
Intangible assets, net 2,700,062 2,519,610
Goodwill 2,204,553 1,815,365
Related party long-term assets 30,164 44,954
Long-term deferred tax asset 868,057 1,219,256
Other long-term assets 10,035 12,878
Total assets 8,844,780 9,054,843
Current liabilities:    
Accounts payable and accrued expenses 578,333 587,652
Accrued interest 42,085 33,954
Current portion of deferred revenue 1,586,611 1,474,138
Current portion of deferred credit on executory contracts 3,781 207,854
Current maturities of long-term debt 496,815 4,234
Current maturities of long-term related party debt 10,959 0
Related party current liabilities 20,320 6,756
Total current liabilities 2,738,904 2,314,588
Deferred revenue 149,026 159,501
Deferred credit on executory contracts 1,394 5,175
Long-term debt 3,093,821 2,222,080 [1]
Long-term related party debt 0 208,906 [1]
Related party long-term liabilities 16,337 18,966
Other long-term liabilities 99,556 86,062
Total liabilities 6,099,038 5,015,278
Commitments and contingencies (Note 16)      
Stockholders’ equity:    
Common stock 6,096 5,263
Accumulated other comprehensive (loss) income, net of tax (308) 120
Additional paid-in capital 8,674,129 10,345,566
Accumulated deficit (5,934,175) (6,311,390)
Total stockholders’ equity 2,745,742 4,039,565
Total liabilities and stockholders’ equity 8,844,780 9,054,843
Convertible Perpetual Preferred Stock, Series B-1
    
Stockholders’ equity:    
Convertible perpetual preferred stock, series B-1, par value $0.001 (liquidation preference of $0.001 per share); 50,000,000 authorized and 0 and 6,250,100 shares issued and outstanding at December 31, 2013 and 2012, respectively 0 6
Total stockholders’ equity 0 6
Sirius XM Radio Inc.
    
Current assets:    
Cash and cash equivalents 134,805 520,945
Accounts receivable, net 103,937 106,142
Receivables from distributors 88,975 104,425
Inventory, net 13,863 25,337
Prepaid expenses 110,530 122,157
Related party current assets 15,861 13,167
Deferred tax asset 937,598 923,972
Other current assets 20,160 12,037
Total current assets 1,425,729 1,828,182
Property and equipment, net 1,594,574 1,571,922
Long-term restricted investments 5,718 3,999
Deferred financing fees, net 12,604 38,677
Intangible assets, net 2,700,062 2,519,610
Goodwill 2,204,553 1,815,365
Related party long-term assets 30,164 44,954
Long-term deferred tax asset 868,057 1,219,256
Other long-term assets 10,035 12,878
Total assets 8,851,496 9,054,843
Current liabilities:    
Accounts payable and accrued expenses 578,332 587,652
Accrued interest 42,085 33,954
Current portion of deferred revenue 1,586,611 1,474,138
Current portion of deferred credit on executory contracts 3,781 207,854
Current maturities of long-term debt 963,630 4,234
Current maturities of long-term related party debt 10,959 0
Related party current liabilities 4,618 6,756
Total current liabilities 3,190,016 2,314,588
Deferred revenue 149,026 159,501
Deferred credit on executory contracts 1,394 5,175
Long-term debt 3,093,821 2,222,080
Long-term related party debt 0 208,906
Related party long-term liabilities 16,337 18,966
Other long-term liabilities 99,556 86,062
Total liabilities 6,550,150 5,015,278
Commitments and contingencies (Note 16)      
Stockholders’ equity:    
Common stock 0 5,263
Accumulated other comprehensive (loss) income, net of tax (308) 120
Additional paid-in capital 8,679,538 10,345,566
Accumulated deficit (6,377,884) (6,311,390)
Total stockholders’ equity 2,301,346 4,039,565
Total liabilities and stockholders’ equity 8,851,496 9,054,843
Sirius XM Radio Inc. | Convertible Perpetual Preferred Stock, Series B-1
    
Stockholders’ equity:    
Convertible perpetual preferred stock, series B-1, par value $0.001 (liquidation preference of $0.001 per share); 50,000,000 authorized and 0 and 6,250,100 shares issued and outstanding at December 31, 2013 and 2012, respectively 0 6
Total stockholders’ equity $ 0 $ 6
[1] During the year ended December 31, 2012, we purchased $257,000 of our then outstanding 9.75% Senior Secured Notes due 2015 (the "9.75% Notes") for an aggregate purchase price, including interest, of $281,698. We recognized an aggregate loss on the extinguishment of the 9.75% Notes of $22,184 during the year ended December 31, 2012, consisting primarily of unamortized discount, deferred financing fees and repayment premium, to Loss on extinguishment of debt and credit facilities, net. During the year ended December 31, 2012, we purchased $778,500 of our then outstanding 13% Senior Notes due 2013 (the "13% Notes") for an aggregate purchase price, including interest, of $879,133. We recognized an aggregate loss on the extinguishment of these 13% Notes of $110,542 during the year ended December 31, 2012, consisting primarily of unamortized discount, deferred financing fees and repayment premium, to Loss on extinguishment of debt and credit facilities, net.