DIRECTV
HOLDINGS LLC |
CONSOLIDATED
STATEMENTS OF OPERATIONS |
|
(Unaudited) |
|
|
|
|
Three Months
Ended June 30,
|
|
|
|
|
|
|
|
|
|
2003 |
|
2002 |
|
2003 |
|
2002 |
|
|
|
|
|
|
|
|
|
|
|
(dollars
in millions) |
|
|
|
|
| Revenues |
$
1,800.2 |
|
$
1,549.6 |
|
$
3,508.3 |
|
$
3,015.4 |
|
|
|
|
| Operating Costs
and Expenses, exclusive of depreciation and |
|
|
| amortization expense
shown below |
|
|
|
Programming and other costs |
702.9 |
|
623.0
|
|
1,398.4 |
|
1,227.4 |
|
|
Subscriber service expenses |
150.8 |
|
150.4
|
|
307.2 |
|
297.7 |
|
|
Subscriber acquisition costs: |
|
|
|
|
|
|
Third party customer acquisitions |
306.1 |
|
320.8 |
|
619.2 |
|
682.5 |
|
|
Direct customer acquisitions |
69.5 |
|
36.4 |
|
137.2 |
|
65.8 |
|
|
Retention, upgrade and other
marketing costs |
88.7 |
|
116.4 |
|
182.5 |
|
194.0 |
|
|
Broadcast operations expenses |
38.2 |
|
29.3 |
|
72.1 |
|
60.2 |
|
|
General and administrative
expenses |
119.2 |
|
116.7 |
|
236.5 |
|
237.5 |
|
| Depreciation and
amortization expense |
124.1 |
|
96.0 |
|
248.5 |
|
181.1 |
|
|
|
|
|
|
|
|
|
|
|
Total Operating Costs and
Expenses |
1,599.5 |
|
1,489.0 |
|
3,201.6 |
|
2,946.2 |
|
|
|
|
|
|
|
|
|
|
| Operating Profit |
200.7 |
|
60.6 |
|
306.7 |
|
69.2 |
|
| Interest expense,
net |
(57.3) |
|
(26.7) |
|
(86.5) |
|
(54.8) |
|
| Other loss, net |
(2.9) |
|
(0.1) |
|
(4.0) |
|
(0.3) |
|
|
|
|
|
|
|
|
|
|
| Income Before Income
Taxes |
140.5 |
|
33.8 |
|
216.2 |
|
14.1 |
|
| Income tax expense |
(52.7) |
|
(12.6) |
|
(81.1) |
|
(5.3) |
|
|
|
|
|
|
|
|
|
|
| Net Income |
$
87.8 |
|
$ 21.2
|
|
$ 135.1
|
|
$ 8.8
|
|
|
|
|
|
|
|
|
|
|
