{"id":85358,"date":"2011-02-16T18:42:40","date_gmt":"2011-02-16T10:42:40","guid":{"rendered":"https:\/\/wp-productionenv-bjg9h2g2bgg5b8aa.southeastasia-01.azurewebsites.net\/news\/siriusxm-cfo-seeks-to-leverage-companys-financial-strength-in-2011\/"},"modified":"2011-02-16T18:42:40","modified_gmt":"2011-02-16T10:42:40","slug":"siriusxm-cfo-seeks-to-leverage-companys-financial-strength-in-2011","status":"publish","type":"post","link":"https:\/\/starpath.global\/news\/siriusxm-cfo-seeks-to-leverage-companys-financial-strength-in-2011\/","title":{"rendered":"SiriusXM CFO Seeks to Leverage Company\u2019s Financial Strength in 2011"},"content":{"rendered":"<p>\n[02-16-11] <strong>Sirius XM Radio<\/strong>\u2018s full-year 2010 revenues were $2.82 billion \u2013 a 14 percent increase from its year-end total in 2009, the company announced in its latest financial results issued Feb. 15.<br \/>\n&nbsp;&nbsp;&nbsp; Sirius XM ends the year with $587 million in available cash. &#8220;With only $104 million of debt maturing before 2013, declining capital expenditures and growing free cash flow, our financial strength and flexibility has never been better,&#8221; Sirius XM CFO David Frear said in a statement.<br \/>\n&nbsp;&nbsp;&nbsp; Despite the full-year gains, Sirius XM reported 2010 fourth quarter losses of $81.4 million on revenues of $735.9 million due to an increase in operating expenses and $85.4 million in debt extinguishment losses. <br \/>\n&nbsp;&nbsp;&nbsp; Sirius XM saw a turnaround in subscriber additions in 2010 \u2013 gaining 1.4 million new customers compared to a loss of 231,098 subscribers in 2009 and ending the year with a total of about 20.1 million. The satellite broadcaster\u2019s subscriber acquisition cost per gross subscriber addition was $59 in 2010, representing a 6 percent improvement from the $63 reported in 2009. Sirius XM\u2019s free cash flow also improved in 2010 to $210 million from $185 million in 2009.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[02-16-11] Sirius XM Radio\u2018s full-year 2010 revenues were $2.82 billion \u2013 a 14 percent increase from its year-end total in 2009, the company announced in its latest financial results issued Feb. 15. &nbsp;&nbsp;&nbsp; Sirius XM ends the year with $587 million in available cash. &#8220;With only $104 million of debt maturing before 2013, declining capital [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[],"class_list":["post-85358","post","type-post","status-publish","format-standard","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/85358"}],"collection":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/comments?post=85358"}],"version-history":[{"count":0,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/85358\/revisions"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=85358"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=85358"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=85358"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}