Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v2.4.0.8
Condensed Consolidated Statements of Operations (Unaudited) (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Revenue:        
Programming networks and other services $ 372.0 $ 391.1 $ 735.3 $ 740.6
Home video net sales 38.1 126.4 94.8 176.2
Total revenue 410.1 517.5 830.1 916.8
Costs and expenses:        
Programming (including amortization) (Note 7) 158.4 165.3 314.6 311.3
Production and acquisition (including amortization) (Note 5) 49.9 113.3 90.8 153.1
Home video cost of sales 9.7 15.1 22.7 30.2
Operating 12.6 12.4 26.6 25.1
Selling, general and administrative 62.1 81.8 131.8 151.0
Stock compensation (Note 4) 7.5 9.0 15.3 16.3
Depreciation and amortization 5.1 4.4 10.0 8.8
Total costs and expenses 305.3 401.3 611.8 695.8
Operating income 104.8 116.2 218.3 221.0
Other income (expense):        
Interest expense, net of amounts capitalized (Note 2) (11.8) (11.4) (23.3) (21.6)
Other income (expense), net (Note 8) 11.0 (0.5) 11.5 (2.0)
Income before income taxes 104.0 104.3 206.5 197.4
Income tax expense (Note 6) (35.0) (38.3) (70.7) (73.2)
Net income 69.0 66.0 135.8 124.2
Net loss (income) attributable to noncontrolling interests 1.1 (2.1) (0.8) (2.4)
Net income attributable to stockholders $ 70.1 $ 63.9 $ 135.0 $ 121.8
Basic net income per common share (Note 8) $ 0.66 $ 0.54 $ 1.25 $ 1.02
Diluted net income per common share (Note 8) $ 0.62 $ 0.52 $ 1.18 $ 0.98
Basic weighted average shares outstanding 107.0 118.4 107.6 119.1
Diluted weighted average shares outstanding 113.5 123.4 114.2 123.7