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  "documentTitle": "SiriusXM | Investor Presentation Deck | 16 slides",
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  "authorName": "SiriusXM",
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  "presentationDate": "2023-12-01 00:00:00",
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      "kind": "chart",
      "text": "Leverage (Net Debt / LTM EBITDA) showing 3.3x, 3.2x, 3.9x, and Low to Mid 3s target",
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      "text": "Free Cash Flow ($Bn) showing 1.66, 1.83, 1.55, 1.15",
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      "text": "Near-term focus on debt reduction; Expect deprioritized buybacks until reaching target leverage; No expected change to existing dividend policy; Strong FCF generation",
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      "kind": "source-note",
      "text": "(1) Company-defined FCF includes cash provided by operations plus insurance recoveries on satellites, net of additions to property and equipment, and restricted and other investment activity (2) 2021 free cash flow includes $225 million of satellite insurance recoveries",
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      "text": "Strong Free Cash Flow to Support Rapid Deleveraging",
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