SIRI » Topics » Lease Obligations

This excerpt taken from the SIRI 10-Q filed Nov 1, 2007.
Lease Obligations. We have entered into operating leases related to our studios, office space, terrestrial repeaters and equipment.

          

This excerpt taken from the SIRI 10-Q filed Aug 9, 2007.
Lease Obligations. We have entered into operating leases related to our studios, office space, terrestrial repeaters and equipment.

          

This excerpt taken from the SIRI 10-Q filed May 10, 2007.
Lease Obligations. We have entered into operating leases related to our studios, office space, terrestrial repeaters and equipment.

          

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

13. Lease Obligations

          We have entered into cancelable and non-cancelable operating leases for office space, equipment and terrestrial repeaters. These leases provide for minimum lease payments, additional operating expense charges, have initial terms ranging from one to fifteen years, and certain leases have options to renew. Total rent expense recognized in connection with leases for the years ended December 31, 2006, 2005 and 2004 was $15,984, $14,958 and $13,567, respectively.

          Future minimum lease payments under non-cancelable leases as of December 31, 2006 were as follows:

 

 

 

 

 

 

 

 

 

Operating

 

 

 

 


 

 

 

 

 

 

 

 

2007

 

$

9,079

 

 

2008

 

 

9,391

 

 

2009

 

 

9,345

 

 

2010

 

 

9,161

 

 

2011

 

 

8,424

 

 

Thereafter

 

 

26,502

 

 

 

 



 

 

Total minimum lease payments

 

$

71,902

 

 

 

 



 

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

12. Lease Obligations

      We have entered into cancelable and non-cancelable operating leases for office space, equipment and terrestrial repeaters. These leases provide for minimum lease payments, additional operating expense charges, have initial terms ranging from one to fifteen years, and certain leases have options to renew. Total rent expense recognized in connection with leases for the years ended December 31, 2005, 2004 and 2003 was $14,958, $13,567 and $12,275, respectively.

      Future minimum lease payments under non-cancelable leases as of December 31, 2005 were as follows:

      Operating

                    

2006

     $ 8,472  
                    

2007

       7,689  
                    

2008

       7,470  
                    

2009

       7,416  
                    

2010

       7,190  
                    

Thereafter

       26,046  
          
 
                    

Total minimum lease payments

     $ 64,283  
          
 
                    

       
This excerpt taken from the SIRI 10-Q filed Nov 8, 2005.

Lease Obligations

            We have entered into operating leases related to our national broadcast studio, office space, terrestrial repeaters and equipment.

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

Lease Obligations

      We have entered into operating leases related to our national broadcast studio, office space, terrestrial repeaters and equipment.

This excerpt taken from the SIRI 10-Q filed May 9, 2005.

Lease Obligations

We have entered into operating leases related to our national broadcast studio, office space, terrestrial repeaters and equipment.

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

12. Lease Obligations

      We have entered into non-cancelable operating leases for office space, equipment and terrestrial repeaters. These leases provide for minimum lease payments, additional operating expense charges, have initial terms ranging from one to fifteen years, and certain leases have options to renew. Total rent expense recognized in connection with these leases for the years ended December 31, 2004, 2003 and 2002 was $14,989, $12,275 and $12,792, respectively.

      In addition, we have entered into non-cancelable capital leases for equipment. These leases have been capitalized using interest rates of approximately 16% and expire on various dates through 2005. Depreciation on the capitalized assets acquired pursuant to capital leases has been included in depreciation expense in the accompanying consolidated statements of operations.

      Future minimum lease payments under these non-cancelable leases as of December 31, 2004 were as follows:

      Operating

  Capital

                    

2005

     $ 7,582        $ 8  
                    

2006

       7,430           
                    

2007

       6,965           
                    

2008

       5,552           
                    

2009

       5,426           
                    

Thereafter

       25,499           
          
        
 
                    

Total minimum lease payments

     $ 58,454        $ 8  
                    

      
         
                    

Less: amount representing interest

                 
                    

              
 
                    

Present value of net minimum lease payments

                8  
                    

Less: current portion

                (8 )
                    

              
 
                    

Total long-term capital lease obligations

              $  
                    

              
 

F-29


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

                    

               

"Lease Obligations" elsewhere:

Global Crossing (GLBC)
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