XM Radio 2010 Annual Report Download - page 113

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We recorded the following total related party revenue from GM and American Honda, primarily consisting of
subscriber revenue, in connection with the agreements above:
2010* 2009 2008
For the Years Ended December 31,
GM................................................ $12,759 $31,037 $16,803
American Honda ...................................... 4,990 12,254 7,504
Total ............................................. $17,749 $43,291 $24,307
* GM and American Honda were considered related parties through May 27, 2010.
We have incurred the following related party expenses with GM and American Honda:
GM
American
Honda GM
American
Honda GM
American
Honda
2010* 2009 2008
For the Years Ended December 31,
Sales and marketing ............... $13,374 $ — $ 31,595 $ 500 $16,115 $ 815
Revenue share and royalties ......... 15,823 3,167 58,992 6,541 36,305 2,051
Subscriber acquisition costs .......... 17,514 1,969 34,895 5,397 30,975 3,433
Customer service and billing ......... 125 — 268 — 119 —
Interest expense, net of amounts
capitalized..................... 1,421 — 4,644 — 51 —
Total ......................... $48,257 $5,136 $130,394 $12,438 $83,565 $6,299
* GM and American Honda were considered related parties through May 27, 2010.
(10) Investments
Our investments consist of the following:
December 31,
2010
December 31,
2009
Investment in SIRIUS Canada ............................... $ — $ —
Investment in XM Canada .................................. — 2,390
Investment in XM Canada debentures .......................... 3,313 2,970
Auction rate certificates .................................... — 8,556
Restricted investments ..................................... 3,396 3,400
Total investments ....................................... $6,709 $17,316
Canadian Entities
Our investments in SIRIUS Canada and XM Canada (the “Canadian Entities”) are recorded using the equity
method since we have a significant influence, but do not control the Canadian Entities. Under this method, our
investments in the Canadian Entities, originally recorded at cost, are adjusted quarterly to recognize our propor-
tionate share of net earnings or losses as they occur, rather than at the time dividends or other distributions are
received, limited to the extent of our investment in, advances to and commitments to fund the Canadian Entities. We
have a 49.9% economic interest in SIRIUS Canada and a 21.54% economic interest in XM Canada.
F-25
SIRIUS XM RADIO INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)