DIRECTV 2005 Annual Report Download - page 136

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THE DIRECTV GROUP, INC.
SCHEDULE I—CONDENSED FINANCIAL INFORMATION OF THE REGISTRANT
CONDENSED STATEMENTS OF CASH FLOWS
(Parent Company Only)
Years Ended December 31,
2005 2004 2003
(Dollars in Millions)
Cash Flows from Operating Activities
Net Cash Used in Operating Activities .................... $(369.9) $ (45.0) $ (268.7)
Cash Flows from Investing Activities
Purchase of short-term investments .......................... (4,672.7) (4,255.3) (2,475.1)
Sale of short-term investments ............................. 4,512.1 4,077.5 2,130.3
Net investments in subsidiaries ............................. (149.8) 1,836.6 2,221.7
Net (increase) decrease in loans to subsidiaries ................. 875.0 (875.0) (108.0)
Proceeds from sale of investments ........................... 37.0 510.5 —
Cash paid for property, equipment and satellites ................ (27.9) (42.6) —
Other, net ............................................ 6.2 14.8 (40.3)
Net Cash Provided by Investing Activities .................. 579.9 1,266.5 1,728.6
Cash Flows from Financing Activities
Net decrease in notes and loans payable ...................... — — (506.3)
Stock options exercised ................................... 45.2 23.0 17.7
Special cash dividend paid to General Motors .................. — — (275.0)
Net Cash Provided by (Used in) Financing Activities .......... 45.2 23.0 (763.6)
Net increase in cash and cash equivalents ..................... 255.2 1,244.5 696.3
Cash and cash equivalents at beginning of the year ............... 2,179.8 935.3 239.0
Cash and cash equivalents at end of the year ................... $2,435.0 $2,179.8 $ 935.3
Reference should be made to the Notes to the Condensed Financial Statements.
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