XM Radio 2009 Annual Report Download - page 199
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SIRIUS XM RADIO INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS
FOR THE YEAR ENDED DECEMBER 31, 2007
Sirius XM Radio
Inc.
Sirius Asset Mgmt
LLC Satellite CD Radio
Non-
Guarantors Eliminations
Consolidated
Sirius XM Radio
Inc.
(In thousands)
Revenue .................. $ 922,067 $ — $ — $ (1) $ — $ 922,066
Cost of services . . . .......... 539,132 — — 1,183 — 540,315
Sales and marketing . .......... 178,164 — — 5,049 — 183,213
Subscriber acquisition costs . ..... 406,256 — — 1,386 — 407,642
General and administrative . ..... 155,855 — — 8 — 155,863
Engineering, design and
development .............. 41,341 — — 2 — 41,343
Impairment of goodwill . . . ..... — — — — — —
Depreciation and amortization .... 106,697 83 — — — 106,780
Restructuring, impairments and
related costs .............. — — — — — —
Total operating expenses .... 1,427,445 83 — 7,628 — 1,435,156
Income (loss) from operations .... (505,378) (83) — (7,629) — (513,090)
Other income (expense):
Interest and investment income . . 20,570 — — — — 20,570
Interest expense, net of amounts
capitalized .............. (70,328) — — — — (70,328)
Loss on extinguishment of debt
and credit facilities, net ..... — — — — — —
Gain (loss) on investments ..... (10,147) — — — 10,147 —
Other income (expense) . . ..... 31 — — — — 31
Income (loss) before income
taxes ................... (565,252) (83) — (7,629) 10,147 (562,817)
Income tax expense . . . ..... — — (2,435) — — (2,435)
Net income (loss) . . .......... $(565,252) $(83) $(2,435) $(7,629) $10,147 $ (565,252)
F-45
SIRIUS XM RADIO INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)