April 2007
Selected
Financial Data
The following tables present selected historical information
relating to our financial condition and results of operations
for the past five years. The following data should be read in
conjunction with our consolidated financial statements.
| December 31, | ||||||||||||||||||||
|
Summary Balance Sheet Data:
|
2006 | 2005 | 2004 | 2003 | 2002 | |||||||||||||||
| amounts in thousands | ||||||||||||||||||||
|
Investment in Discovery
Communications, Inc.
|
$ | 3,129,157 | 3,018,622 | 2,945,782 | 2,863,003 | 2,816,513 | ||||||||||||||
|
Goodwill
|
$ | 2,074,789 | 2,133,518 | 2,135,446 | 2,130,897 | 2,104,705 | ||||||||||||||
|
Total assets
|
$ | 5,870,982 | 5,819,236 | 5,564,828 | 5,396,627 | 5,373,150 | ||||||||||||||
|
Stockholders’ equity
|
$ | 4,549,264 | 4,575,425 | 4,347,279 | 4,260,269 | 3,617,417 | ||||||||||||||
| Years ended December 31, | ||||||||||||||||||||
|
Summary Statement of Operations Data:
|
2006 | 2005 | 2004 | 2003 | 2002 | |||||||||||||||
| amounts in thousands, except per share amounts | ||||||||||||||||||||
|
Net revenue
|
$ | 688,087 | 694,509 | 631,215 | 506,103 | 539,333 | ||||||||||||||
|
Operating income (loss)(1)
|
$ | (115,137 | ) | (1,402 | ) | 16,935 | (2,404 | ) | (61,452 | ) | ||||||||||
|
Share of earnings (losses) of
Discovery
|
$ | 103,588 | 79,810 | 84,011 | 37,271 | (32,046 | ) | |||||||||||||
|
Net earnings (loss)(1)
|
$ | (46,010 | ) | 33,276 | 66,108 | (52,394 | ) | (129,275 | ) | |||||||||||
|
Basic and diluted earnings (loss)
per common share(2)
|
$ | (0.16 | ) | 0.12 | 0.24 | (0.19 | ) | (0.46 | ) | |||||||||||
| (1) | Includes impairment of goodwill and other long-lived assets of $93,402,000 and $83,718,000 for the years ended December 31, 2006 and 2002, respectively. | |
| (2) | Basic and diluted net earnings (loss) per common share is based on (1) 280,199,000 shares, which is the number of shares issued in the spin off, for all periods prior to the spin off and (2) the actual number of weighted average outstanding shares for all periods subsequent to the spin off. |
Stock
Performance Graph
The following graph sets forth the performance of our
Series A common stock and our Series B common stock
for the period beginning July 21, 2005 and ended
December 31, 2006 as compared to the S&P Media Index
and the Nasdaq Stock Market Index. The graph assumes $100
originally invested on July 21, 2005 and that all
subsequent dividends were reinvested in additional shares.
