What is Sirius XM's sirius XM — goodwill, impairment loss?

Sirius XM (SIRI) reported sirius XM — goodwill, impairment loss of $704.75M in Q4 2024.

What does sirius XM — goodwill, impairment loss mean?

A non-cash charge taken when the value of acquired assets is deemed lower than their recorded book value.

How do you interpret sirius XM — goodwill, impairment loss?

An increase is a negative signal indicating reduced future earnings expectations or asset devaluation.

How does sirius XM — goodwill, impairment loss compare across companies?

Commonly reported by companies that have undergone significant M&A activity, similar to impairment charges at other large-cap media conglomerates.

Sirius XM SIRI Sirius XM — Goodwill, impairment loss

Discontinued — last reported Q4 '24

Similar metrics at other companies

VRSKFinancial Services — Goodwill Impairment

$1.7M—

APGSpecialty Services — Goodwill, Impairment Loss

$1M—

IES

IESCCommunications — Goodwill impairment expense

$0—

SJMOther — Goodwill impairment charges

$0—

RPMSpecialty Products Group — Goodwill Impairment

$2.85M—

FSLRSystems — Goodwill Impairment

$17.2M—

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

See full

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

See full

Gross margin53.5%-0.3pp

Operating margin17.9%—

Net margin9.9%—

FCF margin15.8%+4.5pp

Returns & leverage

See full

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:GoodwillImpairmentLoss.

The official record: Sirius XM’s 10-K, filed January 30, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is Sirius XM's sirius XM — goodwill, impairment loss?: Sirius XM (SIRI) reported sirius XM — goodwill, impairment loss of $704.75M in Q4 2024.
What does sirius XM — goodwill, impairment loss mean?: A non-cash charge taken when the value of acquired assets is deemed lower than their recorded book value.
How do you interpret sirius XM — goodwill, impairment loss?: An increase is a negative signal indicating reduced future earnings expectations or asset devaluation.
How does sirius XM — goodwill, impairment loss compare across companies?: Commonly reported by companies that have undergone significant M&A activity, similar to impairment charges at other large-cap media conglomerates.