DIRECTV 2007 Annual Report Download - page 73

Download and view the complete annual report

Please find page 73 of the 2007 DIRECTV annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 135

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135

THE DIRECTV GROUP, INC.
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY AND
COMPREHENSIVE INCOME
Common Accumulated
Stock and Other
Additional Comprehensive Total Comprehensive
Common Paid-In Accumulated Income (Loss), Stockholders’ Income,
Shares Capital Deficit net of taxes Equity net of taxes
(Dollars in Millions, Except Share Data)
Balance at January 1, 2005 ......... 1,385,814,459 $10,870 $(3,338) $(25) $ 7,507
Net income ................... 336 336 $ 336
Stock options exercised and restricted
stock units vested and distributed .... 5,217,530 45 45
Share-based compensation expense .... 41 41
Minimum pension liability adjustment,
net of tax ................... 7 7 7
Foreign currency translation adjustments . 3 3 3
Unrealized gains on securities, net of tax . 1 1 1
Comprehensive income ............ $ 347
Balance at December 31, 2005 ....... 1,391,031,989 10,956 (3,002) (14) 7,940
Net income ................... 1,420 1,420 $1,420
Stock repurchased and retired ........ (184,115,524) (1,452) (1,525) (2,977)
Stock options exercised and restricted
stock units vested and distributed .... 19,573,728 257 257
Share-based compensation expense .... 39 39
Tax benefit from stock option exercises . . 42 42
Other ....................... (6) (6)
Minimum pension liability adjustment,
net of tax ................... 24 24 24
Adjustment to initially record funded
status of defined benefit plans upon
adoption of SFAS No. 158, net of tax . . (46) (46)
Foreign currency translation adjustments . 2 2 2
Unrealized losses on securities, net of tax . . (14) (14) (14)
Comprehensive income ............ $1,432
Balance at December 31, 2006 ....... 1,226,490,193 9,836 (3,107) (48) 6,681
Net Income ................... 1,451 1,451 $1,451
Stock repurchased and retired ........ (86,173,710) (692) (1,333) (2,025)
Stock options exercised and restricted
stock units vested and distributed .... 7,951,720 118 118
Share-based compensation expense .... 49 49
Tax benefit from stock option exercises . . 18 18
Other ....................... (11) (11)
Adjustment to initially record cumulative
effect of adopting FIN 48, net of tax . . (5) (5)
Adjustment to record adoption of
measurement date provisions of SFAS
No. 158, net of tax ............. (1) (1)
Amortization of amounts resulting from
changes in defined benefit plan
experience and actuarial assumptions,
net of tax ................... 16 16 16
Foreign currency translation adjustments . (1) (1) (1)
Unrealized gains on securities, net of tax . 12 12 12
Comprehensive income ............ $1,478
Balance at December 31, 2007 ....... 1,148,268,203 $ 9,318 $(2,995) $(21) $ 6,302
The accompanying notes are an integral part of these Consolidated Financial Statements.
64