DIRECTV 2005 Annual Report Download - page 45

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THE DIRECTV GROUP, INC.
Information regarding compensation plans under which our equity securities may be issued is
included in Item 12 through incorporation by reference to our Proxy Statement for the Annual Meeting
of Stockholders scheduled to be held on June 6, 2006.
ITEM 6. SELECTED FINANCIAL DATA
Years Ended and As of December 31,
2005 2004 2003 2002 2001
(Dollars in Millions, Except Per Share Amounts)
Consolidated Statements of Operations
Data:
Revenues .......................... $13,164.5 $11,360.0 $ 9,372.2 $ 8,185.4 $ 7,498.3
Total Operating Costs and Expenses ...... 12,531.9 13,479.4 9,509.7 8,595.0 8,293.0
Operating Profit (Loss) ............... $ 632.6 $(2,119.4) $ (137.5) $ (409.6) $ (794.7)
Income (loss) from continuing operations
before cumulative effect of accounting
changes ......................... $ 304.6 $(1,056.4) $ (375.3) $ (114.9) $ (565.2)
Income (loss) from discontinued operations,
net of taxes ...................... 31.3 (582.3) 78.1 (97.6) (49.0)
Cumulative effect of accounting changes,
net of taxes ...................... — (310.5) (64.6) (681.3) (7.4)
Net Income (Loss) ................... 335.9 (1,949.2) (361.8) (893.8) (621.6)
Preferred stock dividends ..............———(46.9) (96.4)
Net Income (Loss) Attributable to Common
Stockholders ...................... $ 335.9 $(1,949.2) $ (361.8) $ (940.7) $ (718.0)
Basic and Diluted Income (Loss) Per
Common Share:
Income (loss) from continuing operations
before cumulative effect of accounting
changes ......................... $ 0.22 $ (0.77) $ (0.27) $ (0.12) $ (0.51)
Weighted average number of common
shares outstanding (in millions):
Basic ............................. 1,388.4 1,384.8 1,382.5 1,343.1 1,300.0
Diluted ........................... 1,394.8 1,384.8 1,382.5 1,343.1 1,300.0
Consolidated Balance Sheet Data:
Total Assets ........................ $15,630.2 $14,324.4 $19,037.4 $17,986.7 $21,015.0
Long-Term Debt .................... 3,405.3 2,409.5 2,434.8 40.0 238.8
Preferred Stock .....................———914.1 1,498.4
Total Stockholders’ Equity ............. 7,940.0 7,507.1 9,631.1 9,977.1 11,071.9
The cumulative effect of accounting change of $681.3 million recorded in the year ended December 31,
2002 relates to the adoption of Statement of Financial Accounting Standards No 142, ‘‘Goodwill and
Other Intangible Assets’’ in 2002. See the Notes to the Consolidated Financial Statements and
Management’s Discussion and Analysis of Financial Condition and Results of Operations for additional
information regarding the accounting changes in 2004 and 2003 and other significant transactions
during each of the three years in the period ended December 31, 2005.
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