|
|
| DIRECTV
HOLDINGS LLC |
| CONSOLIDATED
STATEMENTS OF OPERATIONS |
|
(Dollars in
Millions)
(Unaudited) |
|
|
|
|
Three Months
Ended September 30,
|
|
Nine Months
Ended September 30,
|
|
|
|
|
|
|
|
2003 |
|
2002 |
|
2003 |
|
2002 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Revenues |
$
1,932.2 |
|
$
1,616.4 |
|
$
5,440.5 |
|
$
4,631.8 |
|
|
|
|
| Operating Costs
and Expenses, exclusive of depreciation and |
|
|
| amortization expense
shown below |
|
|
|
Programming and other costs |
770.1 |
|
651.0 |
|
2,168.5 |
|
1,878.4 |
|
|
Subscriber service expenses |
159.3 |
|
147.0 |
|
466.5 |
|
444.7 |
|
|
Subscriber acquisition costs: |
|
|
|
|
|
|
Third party customer acquisitions |
366.4 |
|
332.4 |
|
985.6 |
|
1,014.9 |
|
|
Direct customer acquisitions |
111.9 |
|
45.9 |
|
249.1 |
|
111.7 |
|
|
Retention, upgrade and other
marketing costs |
143.3 |
|
92.2 |
|
325.8 |
|
286.2 |
|
|
Broadcast operations expenses |
26.8 |
|
32.9 |
|
98.9 |
|
93.1 |
|
|
General and administrative
expenses |
119.6 |
|
110.5 |
|
356.1 |
|
348.0 |
|
| Depreciation and
amortization expense |
122.6 |
|
102.1 |
|
371.1 |
|
283.2 |
|
|
|
|
|
|
|
|
|
|
|
Total Operating Costs and
Expenses |
1,820.0 |
|
1,514.0 |
|
5,021.6
|
|
4,460.2 |
|
|
|
|
|
|
|
|
|
|
| Operating Profit |
112.2 |
|
102.4 |
|
418.9 |
|
171.6 |
|
| Interest expense,
net |
(54.6) |
|
(19.2) |
|
(141.1) |
|
(74.0) |
|
| Other loss, net |
- |
|
159.7 |
|
(4.0) |
|
159.4 |
|
|
|
|
|
|
|
|
|
|
| Income Before Income
Taxes |
57.6 |
|
242.9 |
|
273.8 |
|
257.0 |
|
| Income tax expense |
(21.6) |
|
(91.4) |
|
(102.7) |
|
(96.7) |
|
|
|
|
|
|
|
|
|
|
| Net Income |
$
36.0 |
|
$ 151.5 |
|
$ 171.1 |
|
$ 160.3 |
|
|
|
|
|
|
|
|
|
|
|
