Financial Reporting Pt 1 Essay

2699 Words Dec 7th, 2012 11 Pages
Week Four Paper Part 1
Total assets at the end of its most recent annual reporting period? Why is this important?
According to Sirius XM Radio Annual Sec Filing Form 10-K for The Year 2011 (2012), the total assets for the company had at the end of calendar year 2011 is $7,495,996. This number is equal to the total liabilities and stockholders' equity and a 1.5% increase from the previous year.
Total assets at the end of the previous annual reporting period?
Total assets for the previous year were $7,383,086
Cash and Cash Equivalents at the End of the Most Recent Reporting Period
According to Sirius XM Radio Annual Sec Filing Form 10-K for The Year 2011 (2012), the amount of cash and cash equivalents the company had at the end of
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SIRIUS XM RADIO INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS As of December 31, 2011 2010
(in thousands, except share and per share data)
ASSETS
Current assets:
Cash and cash equivalents $ 773,990 $ 586,691
Accounts receivable, net 101,705 121,658
Receivables from distributors 84,817 67,576
Inventory, net 36,711 21,918
Prepaid expenses 125,967 134,994
Related party current assets 14,702 6,719
Deferred tax asset 132,727 44,787
Other current assets 6,335 7,432 Total current assets 1,276,954 991,775
Property and equipment, net 1,673,919 1,761,274
Long-term restricted investments 3,973 3,396
Deferred financing fees, net 42,046 54,135
Intangible assets, net 2,573,638 2,632,688
Goodwill

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