China Digital TV Holding Co., Ltd. announced unaudited consolidated earnings results for fourth quarter and full year ended December 31, 2011. For the quarter, the company reported net revenues of $29,174,000, income from operations of $12,756,000, income before income tax of $14,578,000, net income attributable to the company's shareholders of $11,465,000 or $0.19 per basic and diluted share compared to the net revenues of $32,843,000, income from operations of $19,173,000, income before income tax of $15,508,000, net income attributable to the company's shareholders of $8,772,000 or $0.15 per basic and diluted share a year ago. Non-GAAP net income attributable to the company's shareholders of $13,636,000 compared to $19,631,000 a year ago. Cash flow generated from operations was approximately $29.5 million. For the year, the company reported net revenues of $99,095,000, income from operations of $44,728,000, income before income tax of $51,084,000, net income attributable to the company's shareholders of $41,000,000 or $0.69 per diluted share compared to the net revenues of $87,123,000, income from operations of $43,610,000, income before income tax of $43,812,000, net income attributable to the company's shareholders of $33,421,000 or $0.57 per diluted share a year ago. The company expects smart card shipments for the first quarter of 2012 to be in the range of 3.5 million and 3.7 million. Net revenues for the first quarter of 2012 are expected to be in the range of $18.3 million and $20.1 million.