Principles of Consolidation and Basis of Presentation

6 Months Ended

Jun. 30, 2011

Business and Principles of Consolidation and Basis of Presentation [Abstract]

Principles of Consolidation and Basis of Presentation

(2) Principles of Consolidation and Basis of Presentation

     Principles of Consolidation

          The accompanying unaudited consolidated financial statements of Sirius XM Radio Inc. and subsidiaries have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”), the instructions to Form 10-Q and Article 10 of Regulation S-X of the United States Securities and Exchange Commission (“SEC”) for interim financial reporting. Accordingly, these interim financial statements do not include all of the information and footnotes required by GAAP for complete financial statements. All significant intercompany transactions have been eliminated in consolidation.

     Basis of Presentation

          In the opinion of management, all normal recurring adjustments necessary for the fair presentation of our unaudited consolidated financial statements as of June 30, 2011 and for the three and six months ended June 30, 2011 and 2010 have been made.

          Interim results are not necessarily indicative of the results that may be expected for a full year. This Quarterly Report on Form 10-Q should be read together with our Annual Report on Form 10-K for the year ended December 31, 2010, which was filed with the SEC on February 16, 2011.

          We have evaluated events subsequent to the balance sheet date and prior to the filing of this Quarterly Report on Form 10-Q for the three and six months ended June 30, 2011 and have determined that no events have occurred that would require adjustment to our unaudited consolidated financial statements.