Sirius Earnings: Fool by Numbers

On Aug. 2, Sirius Satellite Radio (Nasdaq: SIRI  ) released earnings for its 2005 second quarter, which ended June 30.

  • Sirius exceeded analyst estimates for its net loss and revenue. That's a major improvement from this time last year.
  • Guidance was raised again, as well. Subscriber guidance for 2005 is now 3 million, up from 2.7 million, while the total 2005 revenue projection was boosted to $225 million from $215 million.
  • Sirius also plans to refinance a portion of its more than $650 million in debt.

(Figures in thousands, except per-share data)

Income Statement Highlights(What's this?)

Avg. Est.

Q2 2005

Q2 2004

% Change

Sales

$50,100

$52,194

$13,230

+294.5%

Net Profit

--

$(177,546)

$(136,797)

N/A

EPS

$(0.15)

$(0.13)

$(0.11)

N/A



Margin Checkup(What's this?)

Q2 2005

Q2 2004

Change

Gross Margin

37.72%

-77.79%

+115.52%

Op. Margin

-334.49%

-1005.18%

+670.69%

Net Margin

-340.17%

-1033.99%

+693.83%



Balance Sheet Highlights(What's this?)

Assets

Q2 2005

Q2 2004

% Change

Cash+ Restr. Investments

$669,984

$731,714

-8.4%

Inventory

$-

$-

N/A

Accounts Rec.

$-

$-

N/A



Liabilities

Long-Term Debt

$654,307

$426,037

+53.6%

Accounts Pay.

$-

$-

N/A



Cash Flow Highlights(What's this?)

Q2 2005

Q2 2004

% Change

Cash From Ops

$(181,805)

$(135,174)

N/A

Capital Expend.

$10,863

$10,340

+5.1%

Free Cash Flow

$(192,668)

$(145,514)

N/A



Related companies:

  • Clear Channel Communications (NYSE: CCU  )
  • Ford (NYSE: F  )
  • Toyota (NYSE: TM  )
  • Viacom (NYSE: VIA  )
  • Westwood One (NYSE: WON  )
  • XM Satellite Radio (Nasdaq: XMSR  )

Related Foolishness:

Sirius is one of the many companies David Gardner and his merry band of Fools are tracking in their quest for the next ultimate growth stock. Join them by givingMotley Fool Rule Breakersa 30-dayrisk-free trialtoday.

Fool by Numbers is designed to give you the raw earnings information in a timely fashion, putting all the numbers you need in one easy-to-read place. But at The Motley Fool, we believe numbers tell only part of the story, so checkFool.comfor more of our in-depth discussion of what the numbers mean.

Fool contributorTim Beyersdidn't own stock in any of the companies mentioned in this story at the time of publication. You can find out what's in his portfolio by checking Tim's Fool profilehere. The Motley Fool has an ironcladdisclosure policy.


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