DIRECTV 2012 Annual Report Download - page 55

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DIRECTV
SUMMARY RESULTS OF OPERATIONS AND FINANCIAL CONDITION
Years Ended December 31,
2012 2011 2010
(Dollars in Millions, Except Per
Share Amounts)
Consolidated Statements of Operations Data:
Revenues ........................................................................................ $29,740 $27,226 $24,102
Total operating costs and expenses ....................................................................... 24,655 22,597 20,206
Operating profit ................................................................................... 5,085 4,629 3,896
Interest income ................................................................................... 59 34 39
Interest expense ................................................................................... (842) (763) (557)
Liberty transaction and related gain ......................................................................——67
Other, net ....................................................................................... 140 84 69
Income before income taxes ........................................................................... 4,442 3,984 3,514
Income tax expense ................................................................................. (1,465) (1,348) (1,202)
Net income ...................................................................................... 2,977 2,636 2,312
Less: Net income attributable to noncontrolling interest ......................................................... (28) (27) (114)
Net income attributable to DIRECTV .................................................................... $ 2,949 $ 2,609 $ 2,198
Net income attributable to DIRECTV common stockholders ..................................................... $ 2,949 $ 2,609 $ 2,014
Net income attributable to DIRECTV Class B common stockholders, for the period of January 1, 2010 through June 16, 2010, including
$160 million exchange inducement value for the Malone Transaction .............................................. — — 184
Net income attributable to DIRECTV .................................................................... $ 2,949 $ 2,609 $ 2,198
Basic earnings attributable to DIRECTV common stockholders per common share ....................................... $ 4.62 $ 3.49 $ 2.31
Diluted earnings attributable to DIRECTV common stockholders per common share ..................................... $ 4.58 $ 3.47 $ 2.30
Basic and diluted earnings attributable to DIRECTV Class B common stockholders per common share, for the period of January 1, 2010
through June 16, 2010, including $160 million exchange inducement value for the Malone Transaction ....................... $ — $ — $ 8.44
Weighted average number of common shares outstanding (in millions):
Basic ......................................................................................... 638 747 870
Diluted ....................................................................................... 644 752 876
Weighted average number of Class B common shares outstanding, for the period of January 1, 2010 through June 16, 2010 (in millions):
Basic .........................................................................................——22
Diluted .......................................................................................——22
Weighted average number of total common shares outstanding (in millions):
Basic ......................................................................................... 638 747 880
Diluted ....................................................................................... 644 752 886
35