DIRECTV 2007 Annual Report Download - page 4

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Financial Highlights
Years Ended December 31, 2007 2006 2005
(Dollars in Millions, Except Per Share Amounts)
Revenues $17,246 $14,755 $13,164
Operating profi t $2,486 $2,357 $633
Depreciation and amortization expense 1,684 1,034 853
Operating profi t before depreciation and amortization1$4,170 $3,391 $1,486
Income from continuing operations $1,434 $1,420 $305
Income from discontinued operations, net of taxes 17 — 31
Net income $1,451 $1,420 $336
Basic earnings per common share:
Income from continuing operations $1.20 $1.13 $0.22
Income from discontinued operations, net of taxes 0.01 — 0.02
Basic earnings per common share $1.21 $1.13 $0.24
Weighted average number of common shares outstanding (in millions) 1,195 1,262 1,388
Cash paid for property, equipment and satellites $2,692 $1,976 $889
As of December 31, 2007 2006 2005
Cash and cash equivalents $1,083 $2,499 $3,701
Total current assets 3,146 4,556 6,096
Total assets 15,063 15,141 15,630
Total current liabilities 3,434 3,322 2,828
Total debt 3,395 3,615 3,415
Total stockholders’ equity 6,302 6,681 7,940
Number of employees (in thousands) 12 11 9
(1) Operating profi t before depreciation and amortization, which is a fi nancial measure that is not determined in accordance with accounting principles generally
accepted in the United States of America, or GAAP, can be calculated by adding amounts under the caption “Depreciation and amortization expense” to
“Operating profi t.” This measure should be used in conjunction with GAAP fi nancial measures and is not presented as an alternative measure of operating
results, as determined in accordance with GAAP. For a further discussion of operating profi t before depreciation and amortization, see Summary Data in
Item 7, Management’s Discussion and Analysis of Financial Condition and Results of Operations in The DIRECTV Group, Inc.’s Form 10-K for the year ended
December 31, 2007, included in this Annual Report.
2 DIRECTV