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SIRI » Topics » 5. Interest Costs

This excerpt taken from the SIRI 10-Q filed May 11, 2009.

(7) 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:

 

     For the Three Months
Ended March 31,
     2009    2008

Interest costs charged to expense

    $ 65,743    $ 17,675

Interest costs capitalized

      16,126      3,262
             

Total interest costs incurred

    $ 81,869    $ 20,937
             
These excerpts taken from the SIRI 10-K filed Mar 10, 2009.

(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:

 

     For the Years Ended December 31,
     2008    2007    2006

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-24

Table of Contents

SIRIUS XM RADIO INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)

(Dollar amounts in thousands, unless otherwise stated)

 

(8) Interest Costs

FACE="Times New Roman" SIZE="2">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:

STYLE="font-size:12px;margin-top:0px;margin-bottom:0px"> 


















































































   For the Years Ended December 31,
   2008  2007  2006

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-24






Table of Contents



SIRIUS XM RADIO INC. AND SUBSIDIARIES

ALIGN="center">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)

(Dollar amounts in
thousands, unless otherwise stated)

 


This excerpt taken from the SIRI 10-Q filed Nov 12, 2008.

(7) Interest Costs

We capitalize a portion of the interest on funds borrowed to finance the construction and launch of our satellites. The following is a summary of our interest costs:

 

     Three months ended
September 30,		    Nine months ended
September 30,
     2008    2007    2008    2007

Interest costs charged to expense

    $       49,216    $       19,499    $       83,636    $       50,441

Interest costs capitalized

      7,791      2,365      14,340      5,973
                           

Total interest costs incurred

    $ 57,007    $ 21,864    $ 97,976    $ 56,414
                           
This excerpt taken from the SIRI 10-Q filed Nov 1, 2007.
5. Interest Costs

          We capitalize a portion of the interest on funds borrowed to finance the construction and launch of our fifth and sixth satellites. The following is a summary of our interest costs:

For the Three Months For the Nine Months
Ended September 30, Ended September 30,
2007 2006 2007 2006
Interest costs charged to expense   $ 19,499 $ 15,921 $ 50,441 $ 48,705
Interest costs capitalized     2,365 1,134   5,973   2,532
     Total interest costs incurred   $ 21,864 $ 17,055 $ 56,414 $ 51,237

This excerpt taken from the SIRI 10-Q filed Aug 9, 2007.

5. Interest Costs

          We capitalize a portion of the interest on funds borrowed to finance the construction and launch of our fifth satellite. The following is a summary of our interest cost:

For the Three Months For the Six Months
Ended June 30, Ended June 30,
2007 2006 2007 2006
Interest costs charged to expense   $ 15,750   $ 15,660   $ 30,942   $ 32,784
Interest costs capitalized     1,794     1,398     3,608     1,398
          Total interest costs incurred   $ 17,544   $ 17,058   $ 34,550   $ 34,182

This excerpt taken from the SIRI 10-Q filed May 10, 2007.

5. Interest Costs

          We capitalize a portion of the interest on funds borrowed to finance the construction and launch of our new satellite. The following is a summary of our interest cost:

   
For the Three Months Ended March 31,
       
2007
         
2006
 
Interest costs charged to expense   $                  15,192    
$
               17,124  
Interest costs capitalized       1,814       -  
         Total interest costs incurred
  $   17,006    
$
17,124  

This excerpt taken from the SIRI 10-K filed Mar 1, 2007.

4. Interest Costs

          During the year ended December 31, 2006, we capitalized a portion of the interest on funds borrowed to finance the construction and launch of our new satellite. The following is a summary of our interest cost:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Years Ended December 31,

 

 

 

 

 

 

 

 

2006

 

2005

 

2004

 

 

 

 

 

 

 

 

 

Interest costs charged to expense

 

$

64,032

 

$

45,361

 

$

21,794

 

 

Debt conversion costs charged to expense

 

 

—

 

 

—

 

 

19,592

 

 

 

 

 

 

 

 

Total interest expense

 

 

64,032

 

 

45,361

 

 

41,386

 

 

Interest costs capitalized

 

 

4,205

 

 

—

 

 

—

 

 

 

 

 

 

 

 

Total interest costs incurred

 

$

68,237

 

$

45,361

 

$

41,386

 

 

 

 

 

 

 

          Debt conversion costs for the year ended December 31, 2004 were a result of the exchange of $69,000 in aggregate principal amount of our3½% Convertible Notes due 2008 for shares of our common stock.

This excerpt taken from the SIRI 10-Q filed Nov 8, 2006.

5. Interest Costs

          During the three and nine months ended September 30, 2006, we capitalized a portion of the interest on funds borrowed to finance the construction and launch of our new satellite. The following is a summary of our interest cost:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Three Months
Ended September 30,

 

For the Nine Months
Ended September 30,

 

 

 

 

 

 

 

 

 

2006

 

2005

 

2006

 

2005

 

 

 

 

 

 

 

 

 

Interest costs charged to expense

 

$

15,921

 

$

13,693

 

$

48,705

 

$

28,219

 

 

Interest costs capitalized

 

 

1,134

 

 

—

 

 

2,532

 

 

—

 

 

 

 

 

 

 

 

 

Total interest costs incurred

 

$

17,055

 

$

13,693

 

$

51,237

 

$

28,219

 

 

 

 

 

 

 

 
This excerpt taken from the SIRI 10-K filed Mar 13, 2006.

4. Interest Costs

      The following is a summary of our interest costs:

      For the Years Ended December 31,
      2005
   2004
   2003
      

Interest costs charged to expense

        $ 45,361          $ 21,794          $ 31,071  
      

Debt conversion costs charged to expense

          —            19,592            19,439  
            
          
          
 
      

Total interest expense

        $ 45,361          $ 41,386          $ 50,510  
            
          
          
 
      

                       

      Debt conversion costs for the year ended December 31, 2004 were a result of the exchange of $69,000 in aggregate principal amount of our 31⁄2% Convertible Notes due 2008 for shares of our common stock. Debt conversion costs for the year ended December 31, 2003 were a result of the exchange of $65,000 in aggregate principal amount of our 31⁄2% Convertible Notes due 2008 for shares of our common stock.

F-19

SIRIUS SATELLITE RADIO INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
(Dollar amounts in thousands, unless otherwise stated)

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

4. Interest Costs

      The following is a summary of our interest costs:

      For the Years Ended December 31,
      2004
   2003
   2002
      

Interest costs charged to expense

        $ 21,794          $ 31,071          $ 96,513  
      

Debt conversion costs charged to expense

          19,592            19,439            9,650  
            
          
          
 
      

Total interest expense

          41,386            50,510            106,163  
      

Interest costs capitalized

          —            —            5,426  
            
          
          
 
      

Total interest costs incurred

        $ 41,386          $ 50,510          $ 111,589  
            
          
          
 
      

                       

      Debt conversion costs for the year ended December 31, 2004 are a result of the exchange of $69,000 in aggregate principal amount of our 31⁄2% Convertible Notes due 2008 for shares of our common stock. Debt conversion costs for the year ended December 31, 2003 are a result of the exchange of $65,000 in aggregate principal amount of our 31⁄2% Convertible Notes due 2008 for shares of our common stock. Debt conversion costs for the year ended December 31, 2002 are a result of the exchange of $29,475 in aggregate principal amount of our 83⁄4% Convertible Subordinated Notes due 2009 for shares of our common stock. During the year ended December 31, 2002, we capitalized a portion of the interest on funds borrowed to finance our construction in process.

F-17

SIRIUS SATELLITE RADIO INC. AND SUBSIDIARY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
(Dollar amounts in thousands, unless otherwise stated)

EXCERPTS ON THIS PAGE:

10-Q
May 11, 2009
10-K (2 sections)
Mar 10, 2009
10-Q
Nov 12, 2008
10-Q
Nov 1, 2007
10-Q
Aug 9, 2007
10-Q
May 10, 2007
10-K
Mar 1, 2007
10-Q
Nov 8, 2006
10-K
Mar 13, 2006
10-K
Mar 16, 2005

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