Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

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Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
 12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Revenue:      
Programming networks and other services $ 1,481,046 $ 1,419,074 $ 1,372,141
Home video net sales 296,476 211,622 241,892
Total revenue 1,777,522 1,630,696 1,614,033
Costs and expenses:      
Programming costs (including amortization) (Note 12) 632,255 661,157 651,249
Production and acquisition costs (including amortization) (Notes 4 and 8) 268,560 192,340 158,789
Home video cost of sales 71,154 63,880 62,440
Operating expenses 54,673 53,410 53,703
Selling, general and administrative (Notes 8 and 12) 273,937 215,077 238,264
Stock compensation (Note 10) 34,296 20,022 7,078
Depreciation and amortization 17,426 19,406 17,907
Total costs and expenses 1,352,301 1,225,292 1,189,430
Operating income 425,221 405,404 424,603
Other income (expense):      
Interest expense, net of amounts capitalized (Note 6) (44,994) (25,688) (5,012)
Other income (expense), net 8,953 3,023 (3,505)
Income from continuing operations before income taxes 389,180 382,739 416,086
Income tax expense (Note 11) (139,380) (130,465) (172,189)
Income from continuing operations 249,800 252,274 243,897
Loss from discontinued operations (including loss on sale of $12,114 in 2011), net of income taxes (Note 3) 0 0 (7,486)
Net income 249,800 252,274 236,411
Net loss (income) attributable to noncontrolling interests (2,461) 2,210 3,273
Net income attributable to stockholders / member $ 247,339 $ 254,484 $ 239,684
Earnings Per Share, Basic $ 2.13 $ 2.12 $ 2.00
Earnings Per Share, Diluted $ 2.04 $ 2.12 $ 2.00
Weighted Average Number of Shares Outstanding, Basic 115,925 119,996 119,996
Weighted Average Number of Shares Outstanding, Diluted 121,156 120,105 120,101