Financial Reporting Pt 1

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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 calendar year 2011 is $773,990 (CONSOLIDATED BALANCE SHEETS). Amount of Accounts Payable 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 accounts payable at the end of the calendar year 2011 is $627,900 (CONSOLIDATED BALANCE SHEETS).

What amount of accounts payable did the company have at the end of the previous annual reporting period? (Willhite)

Amount of Accounts Payable at the End of the Most Recent Reporting Period
According to Sirius XM Radio Annual Sec Filing Form 10-K for The Year 2010 (2011), the amount of accounts payable at the end of the calendar year 2010 is $593,174. (See 2010 CONSOLIDATED BALANCE SHEETS below). What are the company’s net revenues for the last three annual reporting periods? (Willhite)

Amount of Net Revenues for the Last Three Annual Reporting Periods
According to Sirius XM Radio Annual Sec Filing Form 10-K for The Year 2011 (2012), the company’s net revenues for the last three annual reporting periods are $3,014,524 for 2011, $2,816,992 for 2010, $2,472,638 for 2009.

Change in Dollars in Net Income from Most Recent to Previous Annual Period According to Sirius Xm Radio Annual Report Filing Form for The Year 2011, the change in dollars in the companies net income from its most recent annual reporting period to the previous annual reporting period of the calendar year 2011 is $383,906. This is a quite notable jump from the 2010-year. The 2010-year was the lowest year that is shown in the annual reports. Total Current Assets at the End of the Most Recent Annual Reporting Period According to Sirius Xm Radio Annual reporting form for The Year 2011, the company’s total current assets at the end of its most recent annual reporting period of the calendar year 2011 is $7,303,785. This number is right about even with the 2010 year. There is only an $80,000 dollar difference in the two years. The 2010-year is the higher of the two. Total Current Assets at the End of the Previous Annual Reporting Period According to Sirius Xm Radio Annual report Filing Form for The Year 2010, the total current assets at the end of the previous annual reporting period of the calendar year 2010 is $7,383,086. This number is slightly larger than the 2011 year. It is slightly larger due to related party assets and inventory. Important Investor Information

Information that would be important to potential investors, employees, etc., is the company’s profitability. It is important to know if the company is making money or losing money. It is also important to know how much the company has in assets. From there it is important to compare all of the numbers from the current year to the last year. This is done to ensure that the company is actually making money. This information is important to different people for different reasons. An investor wants to insure that their investment is a sound one. An employee however, wants to ensure the security of their job, and depending on where they are in the food chain may need to implement changes to the way the company is currently doing business.

For the Years Ended December 31, 2011 vs 2010
Change 2010 vs. 2009...
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