XM Radio 2008 Annual Report Download - page 73
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Amortization expense for the years ended December 31, 2008 was $35,789. Expected amortization expense
for each of the fiscal years through December 31, 2013 and for periods thereafter is as follows:
Year Ending December 31, Amount
2009 ............................................................... $ 76,765
2010 ............................................................... 66,143
2011 ............................................................... 59,021
2012 ............................................................... 53,467
2013 ............................................................... 47,097
Thereafter ........................................................... 136,178
Total intangibles, net.................................................. $438,671
(7) Subscriber Revenue
Subscriber revenue consists of subscription fees, revenue derived from our agreement with Hertz, non-
refundable activation fees and the effects of rebates. Revenues received from automakers for prepaid subscriptions
included in the sale or lease price of a new vehicle are also included in subscriber revenue over the service period
upon activation and sale to the customer.
Subscriber revenue consists of the following:
2008 2007 2006
For the Years Ended December 31,
Subscription fees .................................. $1,524,758 $853,832 $572,386
Activation fees ................................... 23,025 20,878 15,612
Effect of rebates .................................. (3,832) (19,777) (12,594)
Total subscriber revenue........................... $1,543,951 $854,933 $575,404
(8) Interest Costs
We capitalize a portion of the interest on funds borrowed to finance the construction costs of our satellites. The
following is a summary of our interest costs:
2008 2007 2006
For the Years Ended December 31,
Interest costs charged to expense ......................... $144,833 $70,328 $64,032
Interest costs capitalized . . ............................. 20,872 8,914 4,205
Total interest costs incurred ........................... $165,705 $79,242 $68,237
F-23
SIRIUS XM RADIO INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)