SIRI FY 2014 Earnings Report — Sirius XM Holdings Inc. Revenue & Financial Results | Market Cap Arena

Sirius XM Holdings Inc.SIRI

FY 2014 Earnings

Reported February 5, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$4.2B	—	—	—	—
Op. Income	$1.1B	—	—	—	—
Gross Margin	49.7%	—	—	—	—
Net Margin	11.8%	—	—	—	—
EPS (Diluted)	$0.80	—	—	—	—
Free Cash Flow	$1.1B	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$4.2B
Cost of Revenue	$2.1B
GROSS PROFIT	$2.1B
R&D Expenses	$63M
Selling & Marketing	$336M
General & Administrative	$294M
SG&A Expenses	$630M
Other Expenses	$266M
Operating Expenses	$960M
Cost & Expenses	$3.1B
OPERATING INCOME	$1.1B
Interest Income	$15M
Interest Expense	$269M
Other Income/Expenses	-$289M
INCOME BEFORE TAX	$831M
Income Tax Expense	$338M
Net Income from Continuing Ops	$493M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$493M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$493M
D&A	$266M
EBIT	$1.1B
EBITDA	$1.4B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$4.2B
Cost of Revenue	$2.1B
GROSS PROFIT	$2.1B
R&D Expenses	$63M
Selling & Marketing	$336M
General & Administrative	$294M
SG&A Expenses	$630M
Other Expenses	$266M
Operating Expenses	$960M
Cost & Expenses	$3.1B
OPERATING INCOME	$1.1B
Interest Income	$15M
Interest Expense	$269M
Other Income/Expenses	-$289M
INCOME BEFORE TAX	$831M
Income Tax Expense	$338M
Net Income from Continuing Ops	$493M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$493M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$493M
D&A	$266M
EBIT	$1.1B
EBITDA	$1.4B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$493M
Depreciation & Amortization	$266M
Stock-Based Compensation	$0
Deferred Income Tax	$327M
Other Non-Cash Items	$184M
Change in Working Capital	-$18M
OPERATING CASH FLOW	$1.3B
Capital Expenditure	-$122M
Acquisitions (Net)	$1M
Purchases of Investments	$0
Sales/Maturities of Investments	$24M
Other Investing Activities	$0
NET CASH FROM INVESTING	-$96M
Net Debt Issuance	$1.4B
Common Stock Repurchased	-$2.5B
Common Dividends Paid	$0
Other Financing Activities	-$37M
NET CASH FROM FINANCING	-$1.1B
FREE CASH FLOW	$1.1B
Net Change in Cash	$13M

Balance Sheet

Item	Amount
Cash & Equivalents	$148M
Short-Term Investments	$0
Net Receivables	$221M
Inventory	$19M
Other Current Assets	$1.0B
TOTAL CURRENT ASSETS	$1.5B
PP&E (Net)	$1.5B
Goodwill	$2.2B
Intangible Assets	$2.6B
Long-Term Investments	$6M
Tax Assets	$438M
Other Non-Current Assets	$15M
TOTAL NON-CURRENT ASSETS	$6.8B
TOTAL ASSETS	$8.4B
Account Payables	$588M
Short-Term Debt	$7M
Deferred Revenue	$1.6B
Other Current Liabilities	$6M
TOTAL CURRENT LIABILITIES	$2.3B
Long-Term Debt	$4.5B
Deferred Revenue NC	$152M
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$106M
TOTAL NON-CURRENT LIABILITIES	$4.7B
TOTAL LIABILITIES	$7.1B
Common Stock	$6M
Additional Paid-In Capital	$6.8B
Retained Earnings	-$5.4B
Treasury Stock	-$26M
Accum. Other Comp. Income	-$402.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.3B
Minority Interest	$0
TOTAL EQUITY	$1.3B
TOTAL LIABILITIES & EQUITY	$8.4B
Total Debt	$4.5B
Net Debt	$4.3B