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Sirius XM SIRI Satellite And Transmission — Cost of Goods Sold

Discontinued — last reported Q2 '18

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Other financials

Income statement

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Revenue$2.1B+1.1%
Gross profit$1.2B-2.8%
Operating income$454.0M+17.3%
Net income$245.0M+20.1%
EPS (diluted)$0.72+22.0%

Balance sheet

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Cash & equivalents$75.0M-40.9%
Total debt$9.8B-6.9%
Total equity$11.7B+4.6%
Total assets$27.1B-1.0%

Cash flow

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Operating cash flow$271.0M+12.0%
CapEx$105.0M-44.4%
Free cash flow$166.0M+213%

Valuation

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Market cap$9.44B+1.2%
Enterprise value$19.11B-3.2%
P/E11.2×
P/S1.1×0.0×

Profitability

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Gross margin53.5%-0.3pp
Operating margin17.9%
Net margin9.9%
FCF margin15.8%+4.5pp

Returns & leverage

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Return on equity7.4%
Debt / equity0.8×-0.1×
Current ratio0.4×0.0×

Where this comes from

Reported directly by Sirius XM in its filing.

Tagged under the XBRL concept us-gaap:CostOfGoodsAndServicesSold.

The official record: Sirius XM’s 10-Q, filed July 25, 2018, on SEC EDGAR. View the filing →

Questions, answered.

What does satellite and transmission — cost of goods sold mean?
The total direct cost of producing and delivering satellite radio services and products.
How do you interpret satellite and transmission — cost of goods sold?
A lower ratio of these costs to segment revenue indicates higher gross margins and better control over content and transmission expenses. Rising costs relative to revenue may signal pressure from royalty rate increases or higher infrastructure investment requirements.
How does satellite and transmission — cost of goods sold compare across companies?
Comparable to 'Cost of Revenue' or 'Direct Cost of Services' reported by media, streaming, and telecommunications peers.