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SIRI » Topics » Cash Provided by (Used in) Investing Activities

These excerpts taken from the SIRI 10-K filed Mar 10, 2009.

Cash Provided by (Used in) Investing Activities

 

  •  

2008 vs. 2007: Net cash provided by investing activities was $728,425 for the year ended December 31, 2008 compared with net cash used in investing activities of $54,186 for the year ended December 31, 2007. The $782,611 increase was primarily due to the inclusion of $819,521 in net cash acquired from XM in the Merger offset partially by increased capital expenditures of $65,287 associated with our satellite construction and launch vehicle.

 

  •  

2007 vs. 2006: Net cash used in investing activities was $54,186 for the year ended December 31, 2007 compared with net cash provided by investing activities of $27,329 for the year ended December 31, 2006. The $81,515 decrease in cash provided was primarily a result of sales of auction rate securities in 2006; $29,444 of Merger related costs incurred in 2007; offset by a decrease in capital expenditures in 2007 of $27,410 associated with our satellite construction and launch vehicle.

We will incur significant capital expenditures to construct and launch our new satellites and to improve our terrestrial repeater network and broadcast and administrative infrastructure. These capital expenditures will support our growth and the resiliency of our operations, and will also support the delivery of future new revenue streams.

Cash Provided by (Used in) Investing Activities

STYLE="font-size:6px;margin-top:0px;margin-bottom:0px"> 







 • 

2008 vs. 2007: Net cash provided by investing activities was $728,425 for the year ended December 31, 2008 compared with net cash used in investing
activities of $54,186 for the year ended December 31, 2007. The $782,611 increase was primarily due to the inclusion of $819,521 in net cash acquired from XM in the Merger offset partially by increased capital expenditures of $65,287 associated
with our satellite construction and launch vehicle.

 







 • 

2007 vs. 2006: Net cash used in investing activities was $54,186 for the year ended December 31, 2007 compared with net cash provided by investing
activities of $27,329 for the year ended December 31, 2006. The $81,515 decrease in cash provided was primarily a result of sales of auction rate securities in 2006; $29,444 of Merger related costs incurred in 2007; offset by a decrease in
capital expenditures in 2007 of $27,410 associated with our satellite construction and launch vehicle.

We will incur
significant capital expenditures to construct and launch our new satellites and to improve our terrestrial repeater network and broadcast and administrative infrastructure. These capital expenditures will support our growth and the resiliency of our
operations, and will also support the delivery of future new revenue streams.

EXCERPTS ON THIS PAGE:

10-K (2 sections)
Mar 10, 2009

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