[Satellite TODAY 02-16-11] Sirius XM Radio‘s full-year 2010 revenues were $2.82 billion – a 14 percent increase from its year-end total in 2009, the company announced in its latest financial results issued Feb. 15.
    Sirius XM ends the year with $587 million in available cash. "With only $104 million of debt maturing before 2013, declining capital expenditures and growing free cash flow, our financial strength and flexibility has never been better," Sirius XM CFO David Frear said in a statement.
    Despite the full-year gains, Sirius XM reported 2010 fourth quarter losses of $81.4 million on revenues of $735.9 million due to an increase in operating expenses and $85.4 million in debt extinguishment losses.
    Sirius XM saw a turnaround in subscriber additions in 2010 – gaining 1.4 million new customers compared to a loss of 231,098 subscribers in 2009 and ending the year with a total of about 20.1 million. The satellite broadcaster’s subscriber acquisition cost per gross subscriber addition was $59 in 2010, representing a 6 percent improvement from the $63 reported in 2009. Sirius XM’s free cash flow also improved in 2010 to $210 million from $185 million in 2009.