DIRECTV 2006 Annual Report Download - page 120

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THE DIRECTV GROUP, INC.
SUPPLEMENTARY DATA
Selected Quarterly Data (Unaudited) 1st 2nd 3rd 4th
(Dollars in Millions, Except Per Share Amounts)
2006 Quarters
Revenues ...................................... $3,385.6 $3,520.0 $3,666.8 $4,183.1
Income from Continuing Operations Before Income Taxes
and Minority Interests(1) ........................ 402.2 715.3 605.8 575.3
Income tax (expense) benefit ....................... (160.7) (256.6) (228.5) (219.7)
Minority interests in net earnings of subsidiaries ......... (6.3) — (7.1) 0.4
Net Income .................................... $ 235.2 $ 458.7 $ 370.2 $ 356.0
Basic and diluted earnings per common share ........... $ 0.17 $ 0.36 $ 0.30 $ 0.29
2005 Quarters
Revenues ...................................... $3,147.9 $3,187.9 $3,233.2 $3,595.5
Income (Loss) from Continuing Operations Before Income
Taxes and Minority Interests(1) .................... (89.1) 210.5 139.1 219.8
Income tax (expense) benefit ....................... 43.7 (75.6) (41.7) (99.6)
Minority interests in net (earnings) losses of subsidiaries . . . 4.0 (4.7) (2.8) 1.0
Income (loss) from continuing operations .............. (41.4) 130.2 94.6 121.2
Income from discontinued operations, net of taxes ........ — 31.3 — —
Net Income (Loss) ............................... $ (41.4) $ 161.5 $ 94.6 $ 121.2
Basic and diluted earnings (loss) per common share from
continuing operations before cumulative effect of
accounting change ............................. $ (0.03) $ 0.10 $ 0.07 $ 0.09
(1) Included as part of ‘‘Income (loss) from continuing operations before income taxes, minority
interests and cumulative effect of accounting changes’’ are the following: for the third quarter of
2006 is a $60.7 million gain related to the partial sale of our interest in GLB as part of the Sky
Transactions; for 2005 we recorded a gain on the sale of our DIRECTV Mexico subscribers to Sky
Mexico in the amount of $28.3 million in the second quarter of 2005, $30.1 million in the third
quarter of 2005, $12.0 million in the fourth quarter of 2005 and $57.0 million in the first quarter of
2006, for the second quarter of 2005 is a charge of $64.9 million ($40.0 million after tax) related to
premium that we paid for the redemption of a portion of our 8.375% senior notes and the
write-off of a portion of deferred debt issuance costs and other transaction costs resulting from the
completion of refinancing transactions.
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