DIRECTV 2006 Annual Report Download - page 47

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THE DIRECTV GROUP, INC.
America entities. See the Notes to the Consolidated Financial Statements and Management’s
Discussion and Analysis of Financial Condition and Results of Operations for additional information
regarding the accounting change in 2004 and other significant transactions during each of the
three years in the period ended December 31, 2006.
* * *
ITEM 7. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
RESULTS OF OPERATIONS
The following is a discussion of our results of operations and financial condition. This discussion
should be read in conjunction with the consolidated financial statements and related notes included
elsewhere in this Annual Report. Information in this section is organized as follows:
• Summary Results of Operations and Financial Condition
• Significant Events Affecting the Comparability of the Results of Operations
• Key Terminology Used in Management’s Discussion and Analysis of Financial Condition and
Results of Operations
• Executive Overview and Outlook
• Results of Operations
• Liquidity and Capital Resources
• Contractual Obligations, Off-Balance Sheet Arrangements and Contingencies
• Certain Relationships and Related-Party Transactions
• Use of Estimates in the Preparation of Consolidated Financial Statements
• Accounting Changes and New Accounting Pronouncements
• Security Ratings
36