Sirius XM Radio (NASDAQ: SIRI) today announced that it plans to release full year and fourth quarter 2011 financial and operating results on Thursday, February 9, 2012.  SiriusXM will hold a conference call at 8:00 am ET on Thursday, February 9, 2012 to discuss these results.  Investors and the press can listen to the conference call via the company's website, siriusxm.com, and on its satellite radio service by tuning to Sirius channel 94 or XM channel 145.  The call will also be available on the Sports Zone channel on SiriusXM Internet Radio as well as through the SiriusXM Internet Radio App for the Apple iPad, iPhone, and iPod touch, and on BlackBerry and Android-powered smartphones.

The company had guidance to hit in 2011, and has already established preliminary 2012 guidance.

2011 Guidance

  • Expecting revenue of about $3 billion
  • Adjusted EBITDA of about $715 million
  • Free cash flow “approaching” $400 million.
  • Subscribers at 1.6 million net additions

For 2012, Sirius XM issued the following guidance:

  • Revenue up 10% to about $3.3 billion,
  • 20% growth in adjusted EBITDA to $860 million
  • Free cash flow growth of 75% to $700 million.

The company has already announced that the net subscriber additions were at about 1.7 million.  Whether they hit other 2011 guidance has not been announced.  Of the metrics they guided to, the free cash flow may be their biggest challenge.   At the end of Q3 Sirius XM had stacked up an impressive $224,000,000 with the average being about $75,000,000. In order to meet FCF guidance Sirius XM needs to generate an impressive $156,000,000 to $176,000,000 in free cash flow (remember, their guidance is "approaching - thus the range). This is $80,000,000 to $100,000,000 more than their average for the previous quarters this year.  Will they hit it?  Yes.