| DIRECTV HOLDINGS LLC |
| CONSOLIDATED STATEMENTS
OF OPERATIONS |
| (Unaudited) |
| |
Three Months Ended March
31, |
|
|
2003 |
|
2002 |
|
|
|
|
| |
|
(dollars in millions) |
| |
|
|
| Revenues |
|
$ |
1,708.1 |
|
$ |
1,465.8 |
| |
|
|
| Operating Costs and Expenses, exclusive
of depreciation and |
|
|
|
| amortization expense shown below |
|
|
|
| |
Programming and other costs |
|
|
695.5 |
|
604.4 |
| |
Subscriber service expenses |
|
|
156.4 |
|
147.3 |
| |
Subscriber acquisition costs: |
|
|
|
| |
Third party customer acquisitions |
|
|
325.0 |
|
368.2 |
| |
Direct customer acquisitions |
|
|
55.8 |
|
22.9 |
| |
Retention, upgrade and other marketing
costs |
|
|
93.8 |
|
77.6 |
| |
Broadcast operations expenses |
|
|
33.9 |
|
30.9 |
| |
General and administrative expenses |
|
|
117.3 |
|
120.8 |
| Depreciation and amortization expense |
|
|
124.4 |
|
85.1 |
|
|
|
|
| |
Total Operating Costs and Expenses |
|
|
1,602.1 |
|
1,457.2 |
|
|
|
|
| Operating Profit |
|
|
106.0 |
|
8.6 |
| Interest expense, net |
|
|
(29.2) |
|
(28.1) |
| Other loss, net |
|
|
(1.1) |
|
(0.2) |
|
|
|
|
| Income (Loss) Before Income Taxes |
|
|
75.7 |
|
(19.7) |
| Income tax benefit (expense) |
|
|
(28.4) |
|
7.3 |
|
|
|
|
| Net Income (Loss) |
|
$ |
47.3 |
|
$ |
(12.4) |
|
|
|
|
