|
|
 | | | |
- close
- close
- close
- close
| |||||||||
This excerpt taken from the DTV 10-Q filed Aug 9, 2007. Three Months Ended June 30, 2007 Compared to Three Months Ended June 30, 2006 Consolidated Results of Operations Revenues. The following table presents our revenues by segment:
The $615 million increase in our total revenues was primarily due to the $407 million increase in revenues at the DIRECTV U.S. segment, which resulted from higher ARPU on a larger subscriber base, and an increase in revenues at the DIRECTV Latin America segment, which resulted from added revenues from the acquisition of our interest in Sky Brazil and an increase in the number of subscribers throughout the region. 30 Total operating costs and expenses. The following table presents our operating costs and expenses by segment:
The $616 million increase in our total operating costs and expenses was primarily due to a $460 million increase at the DIRECTV U.S. segment primarily due to increased programming costs, depreciation expense, upgrade and retention costs and subscriber acquisition costs, and a $153 million increase at the DIRECTV Latin America segment primarily due to the acquisition of Sky Brazil in August 2006. Interest income. Interest income was $34 million for the second quarter of 2007 and $33 million for the same period of 2006. Interest expense. Interest expense was $57 million for the second quarter of 2007 and $56 million for the second quarter of 2006. Interest expense is net of capitalized interest of $14 million for the second quarter of 2007 and the second quarter of 2006. Other, net. Other, net increased by $9 million to $7 million in income during the second quarter of 2007 as compared to a $2 million loss in the second quarter of 2006 due to the increase in our equity in earnings from our investment in Sky Mexico. Income tax expense. We recognized income tax expense of $287 million for the second quarter of 2007 compared to an income tax expense of $257 million for the second quarter of 2006. Income tax expense for the second quarter of 2006 was reduced by $27 million due to a tax deduction arising from the write-off of investments in certain entities. Income from discontinued operations. As a result of a favorable tax settlement which we discuss in Note 2 of the Notes to the Consolidated Financial Statements in Part I, Item 1 of this Quarterly Report, during the second quarter of 2007 we recorded a $17 million gain in "Income from discontinued operations, net of taxes" in our Consolidated Statements of Operations. 31 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||
