This excerpt taken from the DTV 10-K filed Mar 1, 2007.
SUPPLEMENTARY DATA
Selected Quarterly Data (Unaudited)
1st
2nd
3rd
4th
(Dollars in Millions, Except Per Share Amounts)
2006 Quarters
Revenues
$
3,385.6
$
3,520.0
$
3,666.8
$
4,183.1
Income from Continuing Operations Before Income Taxes and Minority Interests(1)
402.2
715.3
605.8
575.3
Income tax (expense) benefit
(160.7
)
(256.6
)
(228.5
)
(219.7
)
Minority interests in net earnings of subsidiaries
(6.3
)
—
(7.1
)
0.4
Net Income
$
235.2
$
458.7
$
370.2
$
356.0
Basic and diluted earnings per common share
$
0.17
$
0.36
$
0.30
$
0.29
2005 Quarters
Revenues
$
3,147.9
$
3,187.9
$
3,233.2
$
3,595.5
Income (Loss) from Continuing Operations Before Income Taxes and Minority Interests(1)
(89.1
)
210.5
139.1
219.8
Income tax (expense) benefit
43.7
(75.6
)
(41.7
)
(99.6
)
Minority interests in net (earnings) losses of subsidiaries
4.0
(4.7
)
(2.8
)
1.0
Income (loss) from continuing operations
(41.4
)
130.2
94.6
121.2
Income from discontinued operations, net of taxes
—
31.3
—
—
Net Income (Loss)
$
(41.4
)
$
161.5
$
94.6
$
121.2
Basic and diluted earnings (loss) per common share from continuing operations before cumulative effect of accounting change
$
(0.03
)
$
0.10
$
0.07
$
0.09
(1)
Included
as part of "Income (loss) from continuing operations before income taxes, minority interests and cumulative effect of accounting changes" are the following: for the third
quarter of 2006 is a $60.7 million gain related to the partial sale of our interest in GLB as part of the Sky Transactions; for 2005 we recorded a gain on the sale of our DIRECTV Mexico
subscribers to Sky Mexico in the amount of $28.3 million in the second quarter of 2005, $30.1 million in the third quarter of 2005, $12.0 million in the fourth quarter of 2005 and
$57.0 million in the first quarter of 2006, for the second quarter of 2005 is a charge of $64.9 million ($40.0 million after tax) related to premium that we paid for the
redemption of a portion of our 8.375% senior notes and the write-off of a portion of deferred debt issuance costs and other transaction costs resulting from the completion of refinancing
transactions.
109
ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE
None.
ITEM 9A. CONTROLS AND PROCEDURES
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