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SIRI » Topics » Reconciliation of non-GAAP financial metrics

This excerpt taken from the SIRI 8-K filed Sep 9, 2008.

Reconciliation of non-GAAP financial metrics

This presentation and accompanying press release includes the following non-GAAP financial measures:  cash operating expenses and adjusted EBITDA.  
SIRIUS XM defines cash operating expenses as total operating expenses less depreciation and amortization and stock-based compensation.  SIRIUS XM
defines Adjusted EBITDA as net income / (loss) plus depreciation and amortization, stock-based compensation, other expense, and income tax expense.

Figures are in thousands of dollars.

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