Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.3.0.814
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Revenue:        
Programming networks and other services $ 369.8 $ 364.8 $ 1,165.9 $ 1,100.1
Home video net sales 34.3 43.4 106.6 138.2
Total revenue 404.1 408.2 1,272.5 1,238.3
Costs and expenses:        
Programming (including amortization) (Notes 4 and 7) 159.0 156.0 459.5 471.6
Production and acquisition (including amortization) (Note 5) 39.7 36.0 146.3 126.8
Home video cost of sales 9.2 18.9 29.6 41.6
Operating (Note 4) 15.2 13.7 40.9 40.4
Selling, general and administrative (Note 4) 74.4 81.4 227.1 227.4
Depreciation and amortization 4.8 4.9 14.3 14.9
Total costs and expenses 302.3 310.9 917.7 922.7
Operating income 101.8 97.3 354.8 315.6
Other income (expense):        
Interest expense, net of amounts capitalized (Note 2) (11.5) (11.4) (34.0) (34.7)
Other income (expense), net (4.5) (1.5) (8.8) 10.0
Income before income taxes 85.8 84.4 312.0 290.9
Income tax expense (Note 6) (26.3) (28.6) (103.4) (99.3)
Net income 59.5 55.8 208.6 191.6
Net loss (income) attributable to noncontrolling interest 0.7 0.5 (0.4) (0.3)
Net income attributable to stockholders $ 60.2 $ 56.3 $ 208.2 $ 191.3
Basic net income per common share (Note 8) $ 0.59 $ 0.54 $ 2.06 $ 1.79
Diluted net income per common share (Note 8) $ 0.56 $ 0.51 $ 1.95 $ 1.69
Basic weighted average shares outstanding 101.3 104.7 101.3 106.6
Diluted weighted average shares outstanding 107.2 111.1 107.0 113.1