DIRECTV 2011 Annual Report Download - page 150
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Non-GAAP Financial Measure Reconciliation Schedules Operating profit before depreciation and amortization, which is a financial
(Unaudited) (Dollars in Millions) measure that is not determined in accordance with accounting principles generally
accepted in the United States of America, or GAAP, should be used in conjunction
2009 2010 2011
DIRECTV Consolidated with other GAAP financial measures and is not presented as an alternative measure
Operating profit before depreciation & amortization . $5,313 $6,378 $6,978 of operating results, as determined in accordance with GAAP. Please see each of
Subtract: Depreciation and amortization expenses . . . 2,640 2,482 2,349 DIRECTV and DIRECTV Holdings LLC’s Annual Reports on Form 10-K for the
year ended December 31, 2011 for further discussion of operating profit before
Operating profit ......................... $2,673 $3,896 $4,629
depreciation and amortization.
2009 2010 2011
DIRECTV U.S.
Operating profit before depreciation & amortization . $4,685 $5,216 $5,289
Subtract: Depreciation and amortization expenses . . . 2,275 1,926 1,587
Operating profit ......................... $2,410 $3,290 $3,702
2009 2010 2011
DIRECTV Latin America
Operating profit before depreciation & amortization . . . $697 $1,164 $1,663
Subtract: Depreciation and amortization expenses ..... 366 541 747
Operating profit .......................... $331 $ 623 $ 916