Financial Reporting Pt 1 Essay examples
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…
LIABILITIES AND STOCKHOLDERS’ EQUITY
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)
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