DIRECTV 2008 Annual Report Download - page 111

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THE DIRECTV GROUP, INC.
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS—(continued)
The following table summarizes sales and purchase transactions with related parties:
2008 2007 2006
(Dollars in Millions)
Sales:
Liberty Media and affiliates .............................. $ 36 $ — $ —
Discovery Communications, Liberty Global and affiliates ......... 10 — —
News Corporation and affiliates ........................... 2 24 32
Other .............................................. 9 — —
Total ............................................ $ 57 $ 24 $ 32
Purchases:
Liberty Media and affiliates .............................. $ 269 $ — $ —
Discovery Communications, Liberty Global and affiliates ......... 186 — —
News Corporation and affiliates ........................... 167 901 783
Other .............................................. 384 223 49
Total ............................................ $1,006 $1,124 $832
The following table sets forth the amount of accounts receivable from and accounts payable to
related parties as of December 31:
2008 2007
(Dollars in
Millions)
Accounts receivable ............................................ $ 29 $ 22
Accounts payable .............................................. 165 285
The accounts receivable and accounts payable balances as of December 31, 2008 are primarily
related to affiliates of Liberty Media and the accounts receivable and accounts payable balances as of
December 31, 2007 are primarily related to affiliates of News Corporation.
In addition to the transactions described above, in connection with our purchase of News
Corporation’s interests as part of the Sky Transactions, we made cash payments to News Corporation of
$315 million in 2006. We received $127 million in cash from News Corporation in August 2006 for the
repayment of a note receivable for the assumption of certain liabilities as part of the Sky Transactions
described in Note 17.
Note 17: Acquisitions
Acquisitions
Home Services Providers
180 Connect. On July 8, 2008, we acquired 100% of 180 Connect Inc.’s outstanding common
stock and exchangeable shares. Simultaneously, in a separate transaction, UniTek USA, LLC acquired
100% of 180 Connect’s cable service operating unit and operations in certain of our installation services
markets in exchange for satellite installation operations in certain markets and $7 million in cash.
These transactions provide us with control over a significant portion of DIRECTV U.S.’ home service
provider network. We paid $91 million in cash, net of the $7 million we received from UniTek USA, for
the acquisition, including the equity purchase price, repayment of assumed debt and related transaction
costs.
98