For the year ending 2025-12-31, SIRI had -$68M decrease in cash & cash equivalents over the period. $1,245M in free cash flow.
| Cash Flow | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Net income | - | - | 1,258 | 1,213 |
| Net income (loss) | 805 | -2,075 | - | - |
| Depreciation and amortization | 547 | 578 | 554 | 536 |
| Restructuring costs and asset impairment charge | - | - | - | 61 |
| Non-cash impairment and restructuring costs | 228 | 3,355 | 26 | - |
| Non-cash interest expense, net of amortization of premium | 18 | 24 | 14 | 15 |
| Change in fair value of contingent consideration | - | - | 0 | 0 |
| Provision for doubtful accounts | - | - | 59 | 59 |
| Unrealized gains on intergroup interests, net | 0 | 0 | - | - |
| Amortization of deferred income related to equity method investment | - | - | - | 0 |
| Realized and unrealized gains on financial instruments, net | 25 | 115 | - | - |
| Gain on extinguishment of debt | 0 | 12 | 0 | 0 |
| Share of losses of equity method investments, net | -124 | -116 | -15 | -5 |
| Dividend received from unconsolidated entity investment | - | - | 0 | 8 |
| (gain) loss on other investments | - | - | 7 | -10 |
| Share-based payment expense | 179 | 200 | 184 | 197 |
| Deferred income tax expense (benefit) | 29 | -161 | -64 | 202 |
| Amortization of right-of-use assets | 42 | 44 | 45 | 49 |
| Receivables | - | - | 114 | -10 |
| Related party, net | - | - | -49 | 26 |
| Prepaid expenses and other current assets | - | - | 26 | 38 |
| Other long-term assets | - | - | -1 | 1 |
| Accounts payable and accrued expenses | - | - | 62 | -71 |
| Other charges, net | -40 | -46 | - | - |
| Accrued interest | - | - | 1 | -8 |
| Receivables and other assets | 84 | 128 | - | - |
| Deferred revenue | -64 | -150 | -121 | -148 |
| Operating lease liabilities | - | - | -50 | -63 |
| Other long-term liabilities | - | - | -36 | -34 |
| Payables and other liabilities | 59 | 19 | - | - |
| Net cash provided by operating activities | 1,898 | 1,741 | 1,850 | 1,976 |
| Additions to property and equipment | 653 | 728 | 650 | 426 |
| Proceeds from insurance recoveries | - | - | 0 | 0 |
| (purchase) sale of other investments | - | - | 3 | 1 |
| Cash proceeds from disposition of investments | - | 0 | - | - |
| Acquisition of business, net of cash acquired | - | 0 | 0 | 136 |
| Proceeds from sale of real estate | - | - | 0 | 15 |
| Investments in related parties and other equity investees | - | - | 39 | 2 |
| Repayment from related party | - | - | 0 | - |
| Other investing activities, net | 94 | 242 | - | - |
| Net cash used in investing activities | -747 | -970 | -686 | -548 |
| Proceeds from exercise of stock options | - | - | 4 | 4 |
| Taxes paid from net share settlements for stock-based compensation | 33 | 44 | 63 | 114 |
| Revolving credit facility borrowings | 1,462 | 2,105 | 1,670 | - |
| Revolving credit facility, net | - | - | - | 80 |
| Revolving credit facility repayments | 1,442 | 2,105 | 1,750 | - |
| Proceeds from long-term borrowings, net of costs | 0 | 1,100 | 0 | 499 |
| Repayments of long-term borrowings | 699 | 1,809 | 202 | 6 |
| Payment of premiums on redemption of debt | - | - | 0 | 0 |
| Payment of contingent consideration for business acquisition | - | - | 3 | 3 |
| Distribution to parent related to tax sharing agreement | - | - | 0 | 36 |
| Settlement of intergroup interests | 0 | 0 | - | - |
| Common stock repurchased and retired | 136 | 6 | 274 | 647 |
| Dividends paid | 365 | 143 | 383 | 1,339 |
| Transactions with parent, net (note 14) | - | 0 | - | - |
| Other financing activities, net | -6 | -14 | -4 | - |
| Net cash used in financing activities | -1,219 | -916 | -1,005 | -1,562 |
| Net decrease in cash, cash equivalents and restricted cash | -68 | -145 | 159 | -134 |
| Cash and cash equivalents at beginning of period | 170 | 315 | 65 | 199 |
| Cash and cash equivalents at end of period | 102 | 170 | 224 | 65 |
SIRIUS XM HOLDINGS INC. (SIRI)
SIRIUS XM HOLDINGS INC. (SIRI)