DIRECTV 2011 Annual Report Download - page 56

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DIRECTV
SUMMARY RESULTS OF OPERATIONS AND FINANCIAL CONDITION
Years Ended December 31,
2011 2010 2009
(Dollars in Millions, Except Per
Share Amounts)
Consolidated Statements of Operations Data:
Revenues .............................................................................................. $27,226 $24,102 $21,565
Total operating costs and expenses .............................................................................. 22,597 20,206 18,892
Operating profit ......................................................................................... 4,629 3,896 2,673
Interest income .......................................................................................... 34 39 41
Interest expense .......................................................................................... (763) (557) (423)
Liberty transaction and related gains (charges) ....................................................................... — 67 (491)
Other, net ............................................................................................. 84 69 34
Income before income taxes .................................................................................. 3,984 3,514 1,834
Income tax expense ....................................................................................... (1,348) (1,202) (827)
Net income ............................................................................................ 2,636 2,312 1,007
Less: Net income attributable to noncontrolling interest ................................................................. (27) (114) (65)
Net income attributable to DIRECTV ........................................................................... $2,609 $ 2,198 $ 942
Net income attributable to common stockholders:
Net income attributable to DIRECTV Class A common stockholders (DIRECTV Group common stockholders for the period January 1, 2009 through
November 19, 2009) ..................................................................................... $2,609 $ 2,014 $ 942
Net income attributable to DIRECTV Class B common stockholders, for the period of November 19, 2009 through June 16, 2010, including $160 million
exchange inducement value for the Malone Transaction in 2010 .......................................................... — 184 —
Net income ............................................................................................ $2,609 $ 2,198 $ 942
Basic earnings attributable to DIRECTV Class A common stockholders per common share ........................................... $ 3.49 $ 2.31 $ 0.96
Diluted earnings attributable to DIRECTV Class A common stockholders per common share ......................................... $ 3.47 $ 2.30 $ 0.95
Basic and diluted earnings (loss) attributable to DIRECTV Class B common stockholders per common share, including $160 million exchange inducement
value for the Malone Transaction in 2010 ........................................................................ $ — $ 8.44 $ (0.02)
32