DIRECTV 2011 Annual Report Download - page 81
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DIRECTV
CONSOLIDATED STATEMENTS OF OPERATIONS
Years Ended December 31,
2011 2010 2009
(Dollars in Millions, Except Per
Share Amounts)
Revenues ........................................................................................... $27,226 $24,102 $21,565
Operating costs and expenses
Costs of revenues, exclusive of depreciation and amortization expense
Broadcast programming and other .................................................................... 11,655 10,074 9,064
Subscriber service expenses ......................................................................... 1,911 1,681 1,525
Broadcast operations expenses ....................................................................... 389 350 341
Selling, general and administrative expenses, exclusive of depreciation and amortization expense
Subscriber acquisition costs ........................................................................ 3,390 3,005 2,773
Upgrade and retention costs ........................................................................ 1,327 1,169 1,092
General and administrative expenses ................................................................... 1,576 1,445 1,457
Depreciation and amortization expense ....................................................................... 2,349 2,482 2,640
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
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