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Sirius XM SIRI Sirius XM — Accumulated impairment of goodwill since the merger

Discontinued — last reported Q4 '20

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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:GoodwillImpairedAccumulatedImpairmentLoss.

The official record: Sirius XM’s 10-K, filed February 2, 2021, on SEC EDGAR. View the filing →

Questions, answered.

What does sirius XM — accumulated impairment of goodwill since the merger mean?
The total amount of value lost from goodwill impairments for this segment since the merger occurred.
How do you interpret sirius XM — accumulated impairment of goodwill since the merger?
Higher cumulative impairment indicates a history of value destruction or poor performance relative to the initial acquisition price.
How does sirius XM — accumulated impairment of goodwill since the merger compare across companies?
Comparable to cumulative impairment losses reported in the notes to financial statements for companies with significant historical M&A activity.