Sirius XM Holdings Inc. (SIRI) Financial Statements (2023 and Earlier)
Company Profile
| Business Address |
1290 AVENUE OF THE AMERICAS NEW YORK, NY 10104 |
| State of Incorp. | |
| Fiscal Year End | December 31 |
| Industry (SIC) | 4832 - Radio Broadcasting Stations (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 191 | 71 | 106 | 54 | 69 | 214 | 112 | ||
| Cash and cash equivalents | 191 | 71 | 106 | 54 | 69 | 214 | 112 | ||
| Restricted cash and investments | 0 | ||||||||
| Receivables | 722 | 672 | 670 | 233 | 242 | 223 | 235 | ||
| Inventory, net of allowances, customer advances and progress billings | 10 | 11 | 22 | 20 | 20 | 22 | |||
| Inventory | 10 | 11 | 22 | 20 | 20 | 22 | |||
| Other undisclosed current assets | 267 | 214 | 216 | 168 | 140 | 185 | 193 | ||
| Total current assets: | 1,180 | 967 | 1,003 | 478 | 471 | 643 | 562 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 358 | 427 | 466 | ✕ | ✕ | ✕ | ✕ | ||
| Property, plant and equipment | 1,626 | 1,513 | 1,463 | 1,399 | 1,415 | ||||
| Long-term investments and receivables | 526 | 531 | 452 | 960 | 962 | 9 | |||
| Due from related parties | 526 | 531 | 452 | 960 | 962 | 9 | |||
| Intangible assets, net (including goodwill) | 6,337 | 6,462 | 7,310 | 4,791 | 4,809 | 4,750 | 4,798 | ||
| Goodwill | 3,151 | 3,122 | 3,843 | 2,290 | 2,287 | 2,205 | 2,205 | ||
| Intangible assets, net (excluding goodwill) | 3,186 | 3,340 | 3,467 | 2,501 | 2,523 | 2,545 | 2,593 | ||
| Regulated entity, other noncurrent assets | 7 | ||||||||
| Restricted cash and investments | 11 | 10 | |||||||
| Deferred costs | 22 | 15 | 5 | ||||||
| Deferred income tax assets | 200 | 111 | 153 | ✕ | ✕ | ✕ | ✕ | ||
| Other noncurrent assets | 223 | 206 | 139 | 137 | 119 | 119 | 145 | ||
| Other undisclosed noncurrent assets | 1,450 | 1,629 | 260 | 491 | 1,079 | 1,109 | |||
| Total noncurrent assets: | 9,094 | 9,366 | 10,146 | 7,695 | 7,858 | 7,361 | 7,485 | ||
| TOTAL ASSETS: | 10,274 | 10,333 | 11,149 | 8,173 | 8,329 | 8,004 | 8,047 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 173 | 174 | 160 | 128 | 137 | 115 | 92 | ||
| Interest and dividends payable | 173 | 174 | 160 | 128 | 137 | 115 | 92 | ||
| Deferred revenue | 1,454 | 1,721 | 1,930 | ✕ | ✕ | ✕ | ✕ | ||
| Debt | 1 | 2 | 3 | 5 | 5 | 5 | |||
| Due to related parties | 5 | 4 | 4 | 3 | 3 | 3 | |||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | 1,882 | 1,833 | 1,772 | ||
| Contract with customer, liability | ✕ | ✕ | ✕ | 1,932 | ✕ | ✕ | ✕ | ||
| Other undisclosed current liabilities | 1,348 | 1,271 | 1,197 | 735 | 794 | 713 | 625 | ||
| Total current liabilities: | 2,980 | 3,167 | 3,293 | 2,803 | 2,822 | 2,669 | 2,496 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 8,832 | 8,499 | 7,842 | 6,885 | 6,741 | 5,843 | 5,444 | ||
| Finance lease, liability | 1 | ✕ | ✕ | ✕ | ✕ | ||||
| Operating lease, liability | 362 | 419 | 456 | ✕ | ✕ | ✕ | ✕ | ||
| Other undisclosed long-term debt and lease obligation | 8,470 | 8,080 | 7,385 | 6,885 | 6,741 | 5,843 | 5,444 | ||
| Liabilities, other than long-term debt | 760 | 563 | 306 | 264 | 282 | 284 | 273 | ||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | 175 | 176 | 158 | ||
| Deferred revenue | 97 | 118 | 130 | ✕ | ✕ | ✕ | ✕ | ||
| Contract with customer, liability | ✕ | ✕ | ✕ | 149 | ✕ | ✕ | ✕ | ||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | 6 | 7 | ||||
| Deferred income tax liabilities | 478 | 266 | 70 | ✕ | ✕ | ✕ | ✕ | ||
| Liability for uncertainty in income taxes | 35 | 30 | 12 | 9 | |||||
| Due to related parties | 4 | 7 | 8 | 11 | |||||
| Other liabilities | 150 | 149 | 94 | 102 | 100 | 94 | 98 | ||
| Other undisclosed noncurrent liabilities | 327 | 389 | 444 | 39 | 8 | ||||
| Total noncurrent liabilities: | 9,919 | 9,451 | 8,592 | 7,187 | 7,032 | 6,127 | 5,717 | ||
| Total liabilities: | 12,899 | 12,618 | 11,885 | 9,990 | 9,853 | 8,796 | 8,213 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | (2,625) | (2,285) | (736) | (1,817) | (1,524) | (792) | (166) | ||
| Common stock | 4 | 4 | 4 | 4 | 5 | 5 | 5 | ||
| Treasury stock, value | (8) | (19) | (17) | (23) | (24) | ||||
| Additional paid in capital | 395 | 242 | 1,714 | 3,118 | 4,784 | ||||
| Accumulated other comprehensive income (loss) | 15 | 15 | 8 | (6) | 18 | (0) | (1) | ||
| Accumulated deficit | (2,636) | (2,285) | (1,143) | (2,057) | (3,243) | (3,891) | (4,931) | ||
| Total stockholders' equity: | (2,625) | (2,285) | (736) | (1,817) | (1,524) | (792) | (166) | ||
| TOTAL LIABILITIES AND EQUITY: | 10,274 | 10,333 | 11,149 | 8,173 | 8,329 | 8,004 | 8,047 | ||
Income Statement (P&L) ($ in millions)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 8,696 | 8,040 | 7,794 | 5,771 | 5,425 | 5,017 | 4,570 | |
| Revenue, net | ✕ | ✕ | ✕ | ✕ | 4,633 | 4,335 | 3,947 | |
| Cost of revenue | (4,313) | (3,969) | (3,854) | (2,728) | (2,561) | (2,450) | (2,331) | |
| Cost of goods and services sold | (3,383) | (148) | (123) | (107) | ||||
| Other undisclosed gross profit | 390 | 434 | 471 | |||||
| Gross profit: | 4,773 | 4,505 | 4,411 | 3,043 | 2,864 | 2,567 | 2,239 | |
| Operating expenses | (2,368) | (3,213) | (2,293) | (1,316) | (1,223) | (1,135) | (1,061) | |
| Other undisclosed operating loss | (390) | (434) | (471) | |||||
| Operating income: | 2,015 | 858 | 1,647 | 1,727 | 1,641 | 1,432 | 1,179 | |
| Nonoperating expense | (489) | (428) | (450) | (306) | (377) | (340) | (287) | |
| Interest and debt expense | (83) | (40) | (57) | (350) | (44) | (24) | (299) | |
| Income from continuing operations before equity method investments, income taxes: | 1,443 | 390 | 1,140 | 1,071 | 1,221 | 1,067 | 593 | |
| Other undisclosed income from continuing operations before income taxes | 83 | 40 | 57 | 350 | 44 | 24 | 299 | |
| Income from continuing operations before income taxes: | 1,526 | 430 | 1,197 | 1,421 | 1,264 | 1,092 | 892 | |
| Income tax expense | (212) | (299) | (283) | (245) | (616) | (346) | (382) | |
| Net income available to common stockholders, basic: | 1,314 | 131 | 914 | 1,176 | 648 | 746 | 510 | |
| Dilutive securities, effect on basic earnings per share | 8 | 8 | 7 | |||||
| Net income available to common stockholders, diluted: | 1,322 | 139 | 921 | 1,176 | 648 | 746 | 510 | |
Comprehensive Income ($ in millions)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 1,314 | 131 | 914 | 1,176 | 648 | 746 | 510 | |
| Other comprehensive income (loss) | (5) | 9 | (11) | |||||
| Comprehensive income: | 1,314 | 131 | 909 | 1,185 | 637 | 746 | 510 | |
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 7 | 19 | (38) | 30 | 0 | (0) | ||
| Comprehensive income, net of tax, attributable to parent: | 1,314 | 138 | 928 | 1,147 | 666 | 746 | 510 | |
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.