← SIRIUS XM HOLDINGS INC.

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income (Loss) Attributable to Parent $745.9m $647.9m $1.2b $914.0m $131.0m $1.3b $1.2b $1.3b ($1.7b) $805.0m
Net Income (Loss) Available to Common Stockholders, Basic $745.9m $647.9m $1.2b $914.0m $131.0m $1.3b $1.2b $1.3b ($2.1b) $805.0m
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest — — — — — — — — ($2.1b) $805.0m
Net Income (Loss) Attributable to Noncontrolling Interest — — — — — — — — ($410.0m) $0
Depreciation, Depletion and Amortization $269.0m $261.1m $277.5m $327.0m $354.0m $379.0m $380.0m $410.0m $445.0m $422.0m
Amortization of Debt Issuance Costs and Discounts $8.6m $9.1m $9.3m $17.0m $20.0m $21.0m $15.0m $14.0m $24.0m $18.0m
Amortization of Intangible Assets $48.5m $37.5m $23.2m $141.0m $152.0m $154.0m $156.0m $144.0m $133.0m $125.0m
Depreciation $220.4m $298.6m $300.7m $468.0m $506.0m $533.0m $536.0m $554.0m $578.0m $547.0m
Deferred Income Tax Expense (Benefit) $323.6m $583.5m $256.6m $259.0m $238.0m $131.0m $202.0m ($64.0m) ($161.0m) $29.0m
Share-based Payment Arrangement, Noncash Expense $108.6m $124.1m $133.2m $250.0m $223.0m $202.0m $197.0m $184.0m $200.0m $179.0m
Goodwill, Impairment Loss $0 $0 $0 $0 $956.0m $0 $0 $0 $2.8b $0
Payment, Tax Withholding, Share-based Payment Arrangement $42.8m $92.6m $119.6m $150.0m $114.0m $103.0m $114.0m $63.0m $44.0m $33.0m
Share-based Payment Arrangement, Expense $108.6m $124.1m $133.2m $250.0m $223.0m $202.0m $197.0m $184.0m $200.0m $181.0m
Impairment of Intangible Assets, Finite-lived $0 $0 $0 $0 $0 $0 $0 $1.0m $0 $0
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) $0 $0 $0 $0 — — — — $0 $0
Operating Lease, Impairment Loss — — — — — — $16.0m $12.0m $8.0m $3.0m
Restructuring Costs and Asset Impairment Charges — — — — — $25.0m $70.0m $26.0m $3.4b $228.0m
Gain (Loss) on Extinguishment of Debt ($24.2m) ($43.7m) $0 ($57.0m) ($40.0m) ($83.0m) $0 $0 $12.0m $0
Gain (Loss) on Disposition of Assets ($12.9m) $0 $0 — — — — — — —
Income (Loss) from Equity Method Investments $12.5m $4.6m ($10.5m) ($21.0m) ($16.0m) ($18.0m) ($5.0m) ($15.0m) ($116.0m) ($124.0m)
Income Tax Expense (Benefit) $345.7m $616.3m $244.7m $283.0m $299.0m $212.0m $392.0m $260.0m $210.0m $251.0m
Interest Expense Nonoperating — — — — — — — — $496.0m $459.0m
Operating Lease, Expense — — — $75.0m $73.0m $69.0m $68.0m $64.0m $63.0m $60.0m
Other Nonoperating Income (Expense) $15.0m $12.8m $43.7m ($3.0m) $6.0m $9.0m ($9.0m) ($5.0m) $136.0m $44.0m
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Accounts Receivable $44.2m $73.8m $42.1m $137.0m $36.0m $108.0m ($10.0m) $114.0m — —
Increase (Decrease) in Inventories ($1.9m) ($1.9m) $2.0m ($11.0m) $2.0m — — — — —
Accounts Receivable, Credit Loss Expense (Reversal) $55.9m $55.7m $50.8m $53.0m $60.0m $53.0m $59.0m $59.0m — —
Proceeds from Stock Options Exercised $348k $774k $7k $8.0m $0 $10.0m $4.0m $4.0m — —
Gain (Loss) on Investments — — — — — — — — $115.0m $25.0m
General and Administrative Expense $341.1m $334.0m $356.8m $524.0m $511.0m $514.0m $525.0m $550.0m $497.0m $549.0m
Goodwill $2.2b $2.3b $2.3b $3.8b $3.1b $3.2b $3.2b $3.2b $12.4b $12.4b
Noncash Merger Related Costs — — — — — — — — $15.0m $0
Nonoperating Income (Expense) ($340.5m) ($376.7m) ($306.4m) ($450.0m) ($428.0m) ($489.0m) ($431.0m) ($428.0m) ($348.0m) ($415.0m)
Restructuring Costs — — — — $24.0m — — $49.0m $3.5b —
Unrealized Gain (Loss) on Investments — — $42.6m $0 $0 — — — — —
Gain (Loss) on Derivative Instruments, Net, Pretax $0 — — — — — — — — —
Net Cash Provided by (Used in) Operating Activities $1.7b $1.9b $1.9b $2.0b $2.0b $2.0b $2.0b $1.9b $1.7b $1.9b
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $205.8m $288.0m $355.7m $363.0m $350.0m $388.0m $426.0m $650.0m $728.0m $653.0m
Payments to Acquire Businesses, Net of Cash Acquired $0 $107.7m $2.4m ($313.0m) $300.0m $14.0m $136.0m $0 $0 —
Payments to Acquire Investments — $612.5m — — — — — — — —
Payments for (Proceeds from) Other Investing Activities — — — — — — — — $242.0m $94.0m
Net Cash Provided by (Used in) Investing Activities ($210.1m) ($1.1b) ($379.3m) ($3.0m) ($741.0m) ($200.0m) ($548.0m) ($686.0m) ($970.0m) ($747.0m)
Cash flows from financing activities:
Proceeds from Issuance of Long-term Debt $1.8b $2.5b $0 $2.7b $1.5b $4.4b $499.0m $0 $1.1b $0
Repayments of Long-term Debt — $1.5b $16.0m $1.7b $1.5b $3.5b $6.0m $202.0m $1.8b $699.0m
Payments for Repurchase of Common Stock $1.7b $1.4b $1.3b $2.2b $1.6b $1.5b $647.0m $274.0m $6.0m $136.0m
Dividends paid $48.1m $190.2m $201.4m $226.0m $237.0m $268.0m ($1.3b) ($383.0m) ($143.0m) ($365.0m)
Payments of Dividends $48.1m $190.2m $201.4m $226.0m $237.0m $268.0m — — — —
Proceeds from (Payments for) Other Financing Activities — — — — — — — ($4.0m) ($14.0m) ($6.0m)
Net Cash Provided by (Used in) Financing Activities ($1.4b) ($853.7m) ($1.5b) ($2.0b) ($1.3b) ($1.7b) ($1.6b) ($1.0b) ($916.0m) ($1.2b)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect $102.1m ($144.5m) ($14.0m) $55.0m ($37.0m) $116.0m ($134.0m) $159.0m ($145.0m) ($68.0m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $102.1m ($144.5m) $65.4m $120.0m $83.0m $199.0m $65.0m $224.0m $170.0m $102.0m
Supplemental disclosure of cash flow information:
Interest Paid, Excluding Capitalized Interest, Operating Activities $292.6m $310.5m $344.9m $337.0m $358.0m $393.0m $411.0m $405.0m $473.0m $439.0m

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.