Financial Reporting Pt 1 Essay examples

2708 Words Dec 12th, 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
…show more content…
657 71,487 Total assets $ 7,495,996 $ 7,383,086

LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable and accrued expenses $ 543,193 $ 593,174
Accrued interest 70,405 72,453
Current portion of deferred revenue 1,333,965 1,201,346
Current portion of deferred credit on executory contracts 284,108 271,076
Current maturities of long-term debt 1,623 195,815
Related party current liabilities 14,302 15,845 Total current liabilities 2,247,596 2,349,709
Deferred revenue 198,135 273,973
Deferred credit on executory contracts 218,199 508,012
Long-term debt 2,683,563 2,695,856
Long-term related party debt 328,788 325,907
Deferred tax liability 1,011,084 914,637
Related party long-term liabilities 21,741 24,517
Other long-term liabilities 82,745 82,839 Total liabilities 6,791,851 7,175,450 Commitments and contingencies (Note 17)
Stockholders’ equity:
Preferred stock, par value $0.001; 50,000,000 authorized at December 31, 2011 and 2010: Series A convertible preferred stock; no shares issued and outstanding at December 31, 2011 and 2010 — —
Convertible perpetual preferred stock, series B-1 (liquidation preference of $0.001 per share at December 31, 2011 and 2010); 12,500,000 shares issued and

Related Documents