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• | Self-Pay Net Subscriber Additions of One Million-Plus for 10th Consecutive Year |
• | 2019 Revenue Increased to $7.8 Billion; Pro Forma Revenue Increased 8% to $7.9 Billion |
• | Full-Year Net Income of $914 Million; Diluted EPS of $0.20 |
• | Adjusted EBITDA Hits Record $2.4 Billion, up 14% |
• | Capital Returns in 2019 Totaled $2.4 Billion |
• | SiriusXM Confirms 2020 Guidance |
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Sirius Xm Holdings Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2020 10-K Annual Report includes:
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Pro forma adjustment for year ended December 31, 2018 includes Pandora's Net income for the year ended December 31, 2018 of $(328) plus Depreciation and amortization of $61, Share-based payment expense of $111, Loss on extinguishment of debt of $17, Interest expense of $27, transaction related costs recorded by Pandora related to its acquisition by Sirius XM of $12, and contract termination fees of $6, offset by Other expense (income) of $7 and Income tax benefit of $8.
We expect our Sirius XM transmission expenses to increase as costs associated with our investments in streaming grow.
The increase was driven by overall greater revenues subject to royalties and revenue share.
Since adjusted EBITDA is a Non-GAAP financial performance measure, our calculation of adjusted EBITDA may be susceptible to varying calculations; may not be comparable to other similarly titled measures of other companies; and should not be considered in isolation, as a substitute for, or superior to measures of financial performance prepared in accordance with GAAP.
The increase was driven by an increase in the statutory royalty rate applicable to our use of post-1972 recordings, which increased from 11% in 2017 to 15.5% in 2018, and overall greater revenues subject to revenue share with the automakers.
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Sirius XM Transmission consists of...Read more
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Financial Statements, Disclosures and Schedules
Inside this 10-K Annual Report
Material Contracts, Statements, Certifications & more
Sirius Xm Holdings Inc. provided additional information to their SEC Filing as exhibits
Ticker: SIRI
CIK: 908937
Form Type: 10-K Annual Report
Accession Number: 0000908937-20-000011
Submitted to the SEC: Tue Feb 04 2020 5:08:22 PM EST
Accepted by the SEC: Tue Feb 04 2020
Period: Tuesday, December 31, 2019
Industry: Radio Broadcasting Stations