Sirius XM Radio Inc. is a satellite radio company, formed from the merger of Sirius and XM in 2008. Exhibit 3.25 presents a statement of cash flows for Sirius XM Radio for 2006, 2007, and 2008. Sirius XM and its predecessor, Sirius, realized revenue growth of 49 percent in 2007 and 81 percent in 2008. The merger was a stock-for-stock merger.

Required
Discuss the relation between net loss and cash flow from operations and the pattern of cash flows from operating, investing, and financing activities during the three years.