Sirius XM Holdings Inc. (SIRI) financial statements (2020 and earlier)

Company profile

Business Address 1290 AVENUE OF THE AMERICAS
NEW YORK, NY 10104
State of Incorp.
Fiscal Year End December 31
SIC 4832 - Radio Broadcasting Stations (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)
Annual | Quarterly

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1065469214112148135
Cash and cash equivalents1065469214112148135
Restricted cash and investments 0     
Receivables670233242223235225113
Inventory, net of allowances, customer advances and progress billings11222020221914
Inventory11222020221914
Prepaid expense     116111
Other current assets     320
Other undisclosed current assets2161681401851931,0391,027
Total current assets:1,0034784716435621,5501,419
Noncurrent Assets
Operating lease, right-of-use asset466✕✕✕✕✕✕
Property, plant and equipment1,6261,5131,4631,3991,4151,5101,595
Long-term investments and receivables4529609629 330
Due from related parties4529609629 330
Intangible assets, net (including goodwill)7,3104,7914,8094,7504,7984,8504,905
Goodwill3,8432,2902,2872,2052,2052,2052,205
Intangible assets, net (excluding goodwill)3,4672,5012,5232,5452,5932,6452,700
Regulated entity, other noncurrent assets    7 13
Restricted cash and investments 11  1066
Deferred costs 22155 1213
Deferred income tax assets153✕✕✕✕✕✕
Other noncurrent assets139137119119145710
Other undisclosed noncurrent assets 2604911,0791,109438855
Total noncurrent assets:10,1467,6957,8587,3617,4856,8267,426
TOTAL ASSETS:11,1498,1738,3298,0048,0478,3768,845
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:16012813711592588578
Interest and dividends payable1601281371159280 
Other undisclosed accounts payable and accrued liabilities     507578
Deferred revenue1,930✕✕✕✕✕✕
Debt23555  
Due to related parties44333420
Deferred revenue and credits✕✕1,8821,8331,7721,6341,590
Contract with customer, liability✕1,932✕✕✕✕✕
Other undisclosed current liabilities1,19773579471362588550
Total current liabilities:3,2932,8032,8222,6692,4962,3142,739
Noncurrent Liabilities
Long-term debt and lease obligation, including:7,8426,8856,7415,8435,444 3,094
Finance lease, liability1✕✕✕✕✕✕
Operating lease, liability456✕✕✕✕✕✕
Other undisclosed long-term debt and lease obligation7,3856,8856,7415,8435,444 3,094
Liabilities, other than long-term debt306264282284273258266
Deferred revenue and credits✕✕175176158152150
Deferred revenue130✕✕✕✕✕✕
Contract with customer, liability✕149✕✕✕✕✕
Deferred tax liabilities, net✕  67  
Deferred income tax liabilities70✕✕✕✕✕✕
Liability for uncertainty in income taxes129     
Due to related parties 478111416
Other liabilities94102100949892100
Other undisclosed noncurrent liabilities444398  4,494 
Total noncurrent liabilities:8,5927,1877,0326,1275,7174,7523,360
Total liabilities:11,8859,9909,8538,7968,2137,0666,099
Stockholders' equity
Stockholders' equity attributable to parent(736)(1,817)(1,524)(792)(166)1,3102,746
Common stock4455566
Treasury stock, value  (17)(23)(24)(26) 
Additional paid in capital3952421,7143,1184,7846,7728,674
Accumulated other comprehensive income (loss)8(6)18(0)(1)(0)(0)
Accumulated deficit(1,143)(2,057)(3,243)(3,891)(4,931)(5,441)(5,934)
Total stockholders' equity:(736)(1,817)(1,524)(792)(166)1,3102,746
TOTAL LIABILITIES AND EQUITY:11,1498,1738,3298,0048,0478,3768,845

Income statement (P&L) ($ in millions)
Annual | Quarterly

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues7,7945,7715,4255,0174,5704,1813,799
Revenue, net✕✕4,6334,3353,9474,1813,799
Cost of revenue(3,854)(2,728)(2,561)(2,450)(2,331)(2,065)(1,855)
Cost of goods and services sold(3,383) (148)(123)(107)(107)(84)
Other undisclosed gross profit471      
Gross profit:4,4113,0432,8642,5672,2392,1161,944
Operating expenses(2,293)(1,316)(1,223)(1,135)(1,061)(996)(899)
Other undisclosed operating loss(471)      
Operating income:1,6471,7271,6411,4321,1791,1201,045
Nonoperating expense(450)(306)(377)(340)(287)(289)(407)
Interest and debt expense(57)(350)(44)(24)(299)(269)(395)
Income from continuing operations before equity method investments, income taxes:1,1401,0711,2211,067593562242
Income from equity method investments     66
Other undisclosed income from continuing operations before income taxes573504424299  
Income from continuing operations before income taxes:1,1971,4211,2641,092892567248
Income tax expense(283)(245)(616)(346)(382)(338)(260)
Net income (loss):9141,176648746510230(12)
Other undisclosed net income attributable to parent     263389
Net income attributable to parent:9141,176648746510493377
Other undisclosed net loss available to common stockholders, basic      (4)
Net income available to common stockholders, basic:9141,176648746510493373
Dilutive securities, effect on basic earnings per share7      
Other undisclosed net income available to common stockholders, diluted      4
Net income available to common stockholders, diluted:9211,176648746510493377

Comprehensive Income ($ in millions)
Annual | Quarterly

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):9141,176648746510230(12)
Other comprehensive income (loss)(5)9(11)    
Comprehensive income (loss):9091,185637746510230(12)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent19(38)300(0)263389
Comprehensive income, net of tax, attributable to parent:9281,147666746510493377

Statements sources

The financial statements are based on the company's filings with the 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.

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