Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v2.4.0.6
Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
 12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Revenue:      
Subscriber revenue $ 2,595,414 $ 2,414,174 $ 2,287,503
Advertising revenue, net of agency fees 73,672 64,517 51,754
Equipment revenue 71,051 71,355 50,352
Other revenue 274,387 266,946 83,029
Total revenue 3,014,524 2,816,992 2,472,638
Cost of services:      
Revenue share and royalties 471,149 435,410 397,210
Programming and content 281,234 305,914 308,121
Customer service and billing 259,719 241,680 234,456
Satellite and transmission 75,902 80,947 84,033
Cost of equipment 33,095 35,281 40,188
Subscriber acquisition costs 434,482 413,041 340,506
Sales and marketing 222,773 215,454 228,956
Engineering, design and development 53,435 45,390 41,031
General and administrative 238,738 240,970 227,554
Depreciation and amortization 267,880 273,691 309,450
Restructuring, impairments and related costs   63,800 32,807
Total operating expenses 2,338,407 2,351,578 2,244,312
Income from operations 676,117 465,414 228,326
Other income (expense):      
Interest expense, net of amounts capitalized (304,938) (295,643) (315,668)
Loss on extinguishment of debt and credit facilities, net (7,206) (120,120) (267,646)
Interest and Investment income (loss) 73,970 (5,375) 5,576
Other income 3,252 3,399 3,355
Total other expense (234,922) (417,739) (574,383)
Income (loss) before income taxes 441,195 47,675 (346,057)
Income tax expense (14,234) (4,620) (5,981)
Net income (loss) 426,961 43,055 (352,038)
Preferred stock beneficial conversion feature     (186,188)
Net income (loss) attributable to common stockholders $ 426,961 $ 43,055 $ (538,226)
Net income (loss) per common share:      
Basic $ 0.11 $ 0.01 $ (0.15)
Diluted $ 0.07 $ 0.01 $ (0.15)
Weighted average common shares outstanding:      
Basic 3,744,606 3,693,259 3,585,864
Diluted 6,500,822 6,391,071 3,585,864