Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.3.1.900
Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Revenue:      
Programming networks and other services $ 1,536.7 $ 1,467.5 $ 1,481.0
Home video net sales 163.4 196.4 296.5
Total revenue 1,700.1 1,663.9 1,777.5
Costs and expenses:      
Programming (including amortization) (Notes 9 and 11) 655.7 600.6 633.9
Production and acquisition (including amortization) (Notes 3 and 7) 207.1 178.7 268.6
Home video cost of sales 43.6 60.0 71.1
Operating (Notes 9 and 11) 49.3 54.3 54.9
Selling, general and administrative (Notes 9, 11 and 12) 315.7 299.2 306.4
Depreciation and amortization 19.0 19.4 17.4
Total costs and expenses 1,290.4 1,212.2 1,352.3
Operating income 409.7 451.7 425.2
Other income (expense):      
Interest expense, net of amounts capitalized (Note 5) (46.0) (46.5) (45.0)
Other income (expense), net (15.7) 4.6 9.0
Income before income taxes 348.0 409.8 389.2
Income tax expense (Note 10) (111.5) (140.8) (139.4)
Net income 236.5 269.0 249.8
Net loss (income) attributable to noncontrolling interests (0.4) 2.3 (2.5)
Net income attributable to stockholders $ 236.1 $ 271.3 $ 247.3
Basic net income per common share $ 2.33 $ 2.57 $ 2.13
Diluted net income per common share $ 2.22 $ 2.43 $ 2.04
Basic weighted average shares outstanding 101.2 105.5 115.9
Diluted weighted average shares outstanding 106.3 111.5 121.1