SIRI » Topics » SIRIUS XM RADIO INC. AND SUBSIDIARIES PRO FORMA CONSOLIDATED RESULTS OF OPERATIONS (Unaudited)

This excerpt taken from the SIRI 8-K filed May 7, 2009.

SIRIUS XM RADIO INC. AND SUBSIDIARIES
PRO FORMA CONSOLIDATED RESULTS OF OPERATIONS
(Unaudited)

    Pro Forma  
    Three Months ended  
    March 31,  
(in thousands)   2009   2008  
 
Subscriber revenue, including effects of rebates   $ 573,081   $ 536,509  
Advertising revenue, net of agency fees     12,304     17,526  
Equipment revenue     9,909     10,384  
Other revenue     10,186     14,385  
Total revenue     605,480     578,804  
Operating expenses:              
Satellite and transmission     19,741     25,731  
Programming and content     96,678     107,922  
Revenue share and royalties     121,261     111,142  
Customer service and billing     59,262     60,067  
Cost of equipment     7,993     16,139  
Sales and marketing     51,008     79,080  
Subscriber acquisition costs     83,710     161,334  
General and administrative     48,575     71,478  
Engineering, design and development     8,411     16,065  
Depreciation and amortization     51,483     72,389  
Share-based payment expense     21,500     39,766  
Restructuring and related costs     614     -  
Total operating expenses     570,236     761,113  
Income (loss) from operations     35,244     (182,309 )
Other expense     (97,006 )   (50,204 )
Loss before income taxes     (61,762 )   (232,513 )
Income tax expense     (1,115 )   (874 )
Net loss   $ (62,877 ) $ (233,387 )


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