DIRECTV 2012 Annual Report Download - page 80
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DIRECTV
CONSOLIDATED STATEMENTS OF OPERATIONS
Years Ended December 31,
2012 2011 2010
(Dollars in Millions, Except Per
Share Amounts)
Revenues ........................................................................................... $29,740 $27,226 $24,102
Operating costs and expenses
Costs of revenues, exclusive of depreciation and amortization expense
Broadcast programming and other ....................................................................... 13,028 11,655 10,074
Subscriber service expenses ............................................................................ 2,137 1,911 1,681
Broadcast operations expenses .......................................................................... 414 389 350
Selling, general and administrative expenses, exclusive of depreciation and amortization expense
Subscriber acquisition costs ............................................................................ 3,397 3,390 3,005
Upgrade and retention costs ........................................................................... 1,427 1,327 1,169
General and administrative expenses ...................................................................... 1,815 1,576 1,445
Depreciation and amortization expense ...................................................................... 2,437 2,349 2,482
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
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