DIRECTV 2007 Annual Report Download - page 88
Download and view the complete annual report
Please find page 88 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.-
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.
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS—(continued)
Note 7: Accounts Payable and Accrued Liabilities; Other Liabilities and Deferred Credits
The significant components of ‘‘Accounts payable and accrued liabilities’’ in our Consolidated
Balance Sheets are as follows:
December 31,
2007 2006
(Dollars in
Millions)
Programming costs ................................................. $1,506 $1,358
Accounts payable .................................................. 447 435
Commissions due to installers and dealers ................................ 294 241
Payroll and employee benefits ......................................... 126 121
Other .......................................................... 659 661
Total accounts payable and accrued liabilities .......................... $3,032 $2,816
The significant components of ‘‘Other liabilities and deferred credits’’ in our Consolidated Balance
Sheets are as follows:
December 31,
2007 2006
(Dollars in
Millions)
Programming costs ................................................. $ 368 $ 411
Deferred credits ................................................... 213 230
Other accrued taxes ................................................ 343 161
Pension and other postretirement benefits ................................ 75 90
Obligation under capital lease ......................................... 43 47
Other .......................................................... 360 427
Total other liabilities and deferred credits ............................. $1,402 $1,366
Note 8: Debt
The following table sets forth our outstanding debt:
December 31,
Interest Rates at
December 31, 2007 2007 2006
(Dollars in
Millions)
8.375% senior notes due in 2013 .......................... 8.375% $ 910 $ 910
6.375% senior notes due in 2015 .......................... 6.375% 1,000 1,000
Credit facility ........................................ 6.102% 1,483 1,492
Sky Brazil bank loan ................................... — — 210
Other debt .......................................... — 2 3
Total debt ....................................... 3,395 3,615
Less: current portion of long-term debt ..................... 48 220
Long-term debt ................................... $3,347 $3,395
79