DIRECTV DTV Income Statement

Directv (DTV)

Income statement / Quarterly

Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09	Mar'09
Revenues
8,441	8,143	8,922	8,374	8,109	7,855	8,594	7,880	7,700	7,580	8,054	7,416	7,224	7,046	7,463	6,844	6,600	6,319	6,621	6,025	5,848	5,608	5,981	5,465	5,218	4,901
Operating costs and expenses
Costs of revenues, exclusive of depreciation and amortization expense
Broadcast programming and other
3,780	3,576	4,317	3,732	3,498	3,383	4,079	3,441	3,275	3,196	3,779	3,288	2,997	2,964	3,443	2,926	2,693	2,593	2,895	2,499	2,366	2,314	2,660	2,271	2,108	2,025
Subscriber service expenses
596	581	587	608	574	551	568	583	554	537	545	566	527	499	496	500	466	449	440	439	407	395	399	406	368	352
Broadcast operations expenses
118	117	118	108	107	97	104	98	97	110	104	103	103	104	100	99	96	94	91	86	85	88	87	87	83	84
Selling, general and administrative expenses, exclusive of depreciation and amortization expense
Subscriber acquisition costs
900	888	954	980	898	827	855	941	809	814	848	944	789	816	866	962	766	796	812	812	709	672	697	699	668	709
Upgrade and retention costs
344	350	375	398	362	321	394	411	374	368	371	382	331	343	354	365	327	281	316	321	272	260	273	277	261	281
General and administrative expenses
601	514	571	571	517	454	550	473	510	469	483	447	468	417	422	408	406	340	383	384	374	304	371	377	349	360
Impairment of fixed and intangible assets
533	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Venezuelan currency devaluation charge
519	-	0	0	0	281	0	0	0	166	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization expense
721	730	745	755	729	714	711	708	731	678	626	618	598	595	568	554	616	611	622	616	625	619	632	663	679	666
Total operating costs and expenses
8,112	6,756	7,667	7,152	6,685	6,628	7,261	6,655	6,350	6,338	6,756	6,348	5,813	5,738	6,249	5,814	5,370	5,164	5,559	5,157	4,838	4,652	5,119	4,780	4,516	4,477
Operating profit
329	1,387	1,255	1,222	1,424	1,227	1,333	1,225	1,350	1,242	1,298	1,068	1,411	1,308	1,214	1,030	1,230	1,155	1,062	868	1,010	956	862	685	702	424
Interest income
24	22	25	18	12	13	16	15	19	22	19	17	11	12	9	9	9	7	11	9	8	11	16	9	6	10
Interest expense
234	245	221	215	230	232	222	182	219	217	220	204	214	204	194	194	203	172	161	147	134	115	119	101	102	101
Liberty transaction and related gain
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	134	-67	-	-	0	-
Other, net
25	7	57	1	35	57	100	43	-75	38	127	39	-67	41	10	-38	70	42	24	26	13	6	-33	10	54	3
Income before income taxes
144	1,171	1,116	1,026	1,241	1,065	1,227	1,101	1,075	1,085	1,224	920	1,141	1,157	1,039	807	1,106	1,032	936	756	897	925	235	603	660	336
Income tax expense
502	441	335	411	431	496	411	391	414	387	276	348	425	416	316	286	397	349	253	256	343	350	242	219	242	124
Net income (loss)
-358	730	781	615	810	569	816	710	661	698	948	572	716	741	723	521	709	683	683	500	554	575	-7	384	418	212
Less: Net income attributable to noncontrolling interest
3	-	3	4	4	8	6	11	1	8	6	7	5	10	5	5	8	9	65	21	11	17	25	18	11	11
Net income (loss) attributable to DIRECTV
-361	730	778	611	806	561	810	699	660	690	942	565	711	731	718	516	701	674	-	479	-	-	-32	366	407	201
Basic earnings (losses) attributable to DIRECTV per common share (in dollars per share)
-0.72	1.45	1.54	1.22	1.60	1.10	1.53	1.29	1.19	1.21	1.54	0.91	1.09	1.08	1.02	0.70	0.92	0.85	-	-	-	-	-	-	-	0.20
Diluted earnings (losses) attributable to DIRECTV per common share (in dollars per share)
-0.72	1.44	1.51	1.21	1.59	1.09	1.51	1.28	1.18	1.20	1.52	0.90	1.09	1.07	1.01	0.70	0.91	0.85	-	-	-	-	-	-	-	0.20
Basic (in shares)
504	503	503	502	504	511	523	541	556	572	599	624	651	678	700	732	763	793	827	861	901	931	-	-	-	1,018
Diluted (in shares)
504	507	510	507	508	515	529	545	561	577	611	629	655	681	707	737	767	797	831	868	907	938	-	-	-	1,021