DIRECTV 2010 Annual Report Download - page 78
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DIRECTV
CONSOLIDATED STATEMENTS OF OPERATIONS
Years Ended December 31,
2010 2009 2008
(Dollars in Millions, Except Per
Share Amounts)
Revenues ........................................................................................... $24,102 $21,565 $19,693
Operating costs and expenses
Costs of revenues, exclusive of depreciation and amortization expense
Broadcast programming and other .................................................................... 10,074 9,064 8,298
Subscriber service expenses ......................................................................... 1,681 1,525 1,290
Broadcast operations expenses ....................................................................... 350 341 360
Selling, general and administrative expenses, exclusive of depreciation and amortization expense
Subscriber acquisition costs ........................................................................ 3,005 2,773 2,429
Upgrade and retention costs ........................................................................ 1,169 1,092 1,058
General and administrative expenses ................................................................... 1,445 1,457 1,243
Depreciation and amortization expense ....................................................................... 2,482 2,640 2,320
Total operating costs and expenses ................................................................. 20,206 18,892 16,998
Operating profit ...................................................................................... 3,896 2,673 2,695
Interest income ....................................................................................... 39 41 81
Interest expense ...................................................................................... (557) (423) (360)
Liberty transaction and related gains (charges) ................................................................... 67 (491) —
Other, net .......................................................................................... 69 34 55
Income from continuing operations before income taxes ............................................................ 3,514 1,834 2,471
Income tax expense .................................................................................... (1,202) (827) (864)
Income from continuing operations .......................................................................... 2,312 1,007 1,607
Income from discontinued operations, net of taxes ................................................................ — — 6
Net income ......................................................................................... 2,312 1,007 1,613
Less: Net income attributable to noncontrolling interest ............................................................. (114) (65) (92)
Net income attributable to DIRECTV ........................................................................ $ 2,198 $ 942 $ 1,521
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