DIRECTV 2011 Annual Report Download - page 59

Download and view the complete annual report

Please find page 59 of the 2011 DIRECTV annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 152

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152

DIRECTV
SUMMARY RESULTS OF OPERATIONS AND FINANCIAL CONDITION—(concluded)
Selected Segment Data
Years Ended December 31,
2011 2010 2009
(Dollars in Millions)
DIRECTV U.S.
Revenues ................................................................................................... $21,872 $20,268 $18,671
% of total revenues ............................................................................................. 80.3% 84.1% 86.6%
Operating profit ............................................................................................... $3,702 $ 3,290 $ 2,410
Add: Depreciation and amortization expense .............................................................................. 1,587 1,926 2,275
Operating profit before depreciation and amortization ......................................................................... $5,289 $ 5,216 $ 4,685
Operating profit margin .......................................................................................... 16.9% 16.2% 12.9%
Operating profit before depreciation and amortization margin .................................................................... 24.2% 25.7% 25.1%
Segment assets ................................................................................................ $11,796 $11,400 $12,408
Capital expenditures ............................................................................................ 1,736 1,557 1,485
DIRECTV Latin America
Revenues ................................................................................................... $5,096 $ 3,597 $ 2,878
% of total revenues ............................................................................................. 18.7% 14.9% 13.3%
Operating profit ............................................................................................... $ 916 $ 623 $ 331
Add: Depreciation and amortization expense .............................................................................. 747 541 366
Operating profit before depreciation and amortization ......................................................................... $1,663 $ 1,164 $ 697
Operating profit margin .......................................................................................... 18.0% 17.3% 11.5%
Operating profit before depreciation and amortization margin .................................................................... 32.6% 32.4% 24.2%
Segment assets ................................................................................................ $5,264 $ 4,696 $ 3,772
Capital expenditures ............................................................................................ 1,428 857 584
Sports Networks, Eliminations and Other
Revenues ................................................................................................... $ 258 $ 237 $ 16
% of total revenues ............................................................................................. 0.9% 1.0% 0.1%
Operating profit (loss) ........................................................................................... $ 11 $ (17) $ (68)
Add: Depreciation and amortization expense .............................................................................. 15 15 (1)
Operating profit (loss) before depreciation and amortization ..................................................................... $ 26 $ (2) $ (69)
Segment assets ................................................................................................ $1,363 $ 1,813 $ 2,080
Capital expenditures ............................................................................................622
Total
Revenues ................................................................................................... $27,226 $24,102 $21,565
Operating profit ............................................................................................... $4,629 $ 3,896 $ 2,673
Add: Depreciation and amortization expense .............................................................................. 2,349 2,482 2,640
Operating profit before depreciation and amortization ......................................................................... $6,978 $ 6,378 $ 5,313
Operating profit margin .......................................................................................... 17.0% 16.2% 12.4%
Operating profit before depreciation and amortization margin .................................................................... 25.6% 26.5% 24.6%
Total assets .................................................................................................. $18,423 $17,909 $18,260
Capital expenditures ............................................................................................ 3,170 2,416 2,071
35