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SIRI » Topics » 10. Commitments and Contingencies

This excerpt taken from the SIRI 10-Q filed Aug 3, 2005.

10. Commitments and Contingencies

      We have entered into various contracts, which have resulted in significant cash obligations in future periods. The following table summarizes our expected contractual cash commitments as of June 30, 2005:

    Remaining
2005
   2006
   2007
   2008
   2009
   Thereafter
   Total

Lease obligations

      $ 4,179      $ 8,361      $ 7,693      $ 7,507      $ 7,460      $ 33,181      $ 68,381  

Satellite and transmission

        1,578        3,155        3,155        3,155        3,155        15,027        29,225  

Programming and content

        32,821        114,899        89,105        97,897        125,225        148,800        608,747  

Customer service and billing

        1,755        5,560        3,032        —        —        —        10,347  

Marketing and distribution

        60,189        30,088        15,604        10,320        13,600        22,850        152,651  

Chip set development and production

        16,500        6,631        —        —        —        —        23,131  
        
      
      
      
      
      
      
 

Total contractual cash commitments

      $ 117,022      $ 168,694      $ 118,589      $ 118,879      $ 149,440      $ 219,858      $ 892,482  
        
      
      
      
      
      
      
 

                                                        

      

This excerpt taken from the SIRI 10-K filed Mar 16, 2005.

13. Commitments and Contingencies

      We have entered into various contracts, which have resulted in significant cash obligations in future periods. The following table summarizes our expected contractual cash commitments as of December 31, 2004:

    2005
   2006
   2007
   2008
   2009
   Thereafter
   Total

Satellite and transmission

     $ 3,239       $ 3,155       $ 3,155       $ 3,155       $ 3,155       $ 15,027       $ 30,886  

Programming and content

       28,292         96,044         74,184         69,641         98,775         104,200         471,136  

Customer service and billing

       4,842         3,310         3,032         —         —         —         11,184  

Marketing and distribution

       65,801         23,916         9,342         6,260         6,450         7,500         119,269  

Chip set development and
production

       17,908         6,631         —         —         —         —         24,539  
       
       
       
       
       
       
       
 

Total contractual cash
commitments

     $ 120,082       $ 133,056       $ 89,713       $ 79,056       $ 108,380       $ 126,727       $ 657,014  
       
       
       
       
       
       
       
 

                                                        

   

EXCERPTS ON THIS PAGE:

10-Q
Aug 3, 2005
10-K
Mar 16, 2005

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