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What is your evaluation of Sirius XMs financial performance during the 20102013 period (as shown in case Exhibit 2)? Cite relevant financial ratios and include

What is your evaluation of Sirius XMs financial performance during the 20102013 period (as shown in case Exhibit 2)? Cite relevant financial ratios and include your own tables/figures as appropriate.

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2010 2011 2012 2013 ncome statement data Revenue $2.414.174 2.55.414 $2,962,665 $3,824,660 Subsanber revenue Advertising revenue, net of agency fees 64.517 73672 82,220 89,288 Equipment revenue 71.355 71051 73,456 80.573 Other revenue 946 74.387 Total revenue 2,816.992 3,014,524 3,402,040 3,799,095 Operating expenses Royalty and revenue-sharing payments 435.410 47 49 551,012 677.642 281.234 278,997 290,323 259,719 294,980 320,755 Programming and content 305.914 Customer service and bring 241,680 2010 2011 2012 2013 Satellne and transmission Cost equipment 35.28 33095 31,766 26478 Subsater acquisition costs 413.04 434,482 474,697 495.610 Sales and marketing 215.454 222,773 248,905 291.024 Engineering, design and development 45,390 53,435 48,843 57,969 General and administratMe 240,970 238,738 261,905 262,135 Depredation and amortization 273,69 267,880 266,295 253.314 Restructuring, impairments, and related costs 63800 Total operating expenses Income from operations 465.414 676.117 872,025 1044.553 Other income (expense) Interest expense.net of amounts capitalized 295.643) 2049380 265.321) (204.67 Loss on extinguishment of debt and aedn facilities, net (120.120) 132.726) (190.5770 Interest and Investment Income loss) (5.375) 73970 716 6,976 Loss on change in value of derivatives (20.393) Other (loss)income Total other expense 417739 34922 392,55 40746 ncome before Income taxes 47.675 441,195 474,468 636.092 Income tax beneft expense) 4.62 998.234 Net Income 43,055 426961 $3472,702 37.215 Net income per common share: Basic $0.01 $0.07 $0.55 $0.06 $0.01 $0.07 $0.5 0.06 Diluted $0.05 DMidends paid on common stodk Weighted-average common shares outstanding: 3,693.259 3,744.606 4,209,073 6.277.646 Basic Diluted 6.391.071 6,500,822 6,873,786 6.384,791 Balance sheet data 586.69 773990 520,945 Cash and cash equMalents 134,805 Total aument assets 991,775 1.276954 1,828,182 1A19,013 Total assets 7,383,086 7,495,996 9.054,843 8844.760 Total aument llablitles 2,349,709 2,247,596 2,314,588 2948.904 3,021,763 3,012,351 2.430.986 3,093,821 Long-term debt. Induding related-partydebt Total stockholders' equity 207.636 704.145 4.039.565 2.745.742 Cash flow data 512,895 543.630 806.765 1.102.832 Net cash provided by operating actMies Repayment of long-term borrowings 1.262.396 234,976 041.824 1982.160 Proceeds from long term borrowings and revolving aedt 1,274,707 383.641 3,156,062 facility net of costs

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