DIRECTV 2008 Annual Report Download - page 131

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THE DIRECTV GROUP, INC.
SCHEDULE I—CONDENSED FINANCIAL INFORMATION OF THE REGISTRANT
NOTES TO THE CONDENSED FINANCIAL STATEMENTS
Note 1: Basis of Presentation
As discussed in Note 8 of the Notes to the Consolidated Financial Statements, the terms of the
DIRECTV Holdings LLC credit facility limit DIRECTV Holdings LLC and its respective subsidiaries
from transferring funds to us in the form of cash dividends, loans or advances. In the parent company
only financial statements, we state our investments in subsidiaries at cost, net of equity in earnings of
subsidiaries, since the date of formation/acquisition. As a result, we include our interest in the net
assets of DIRECTV Holdings LLC, which total approximately $2.7 billion at December 31, 2008 and
$4.7 billion at December 31, 2007 in ‘‘Investments in subsidiaries’’ in the accompanying Condensed
Balance Sheets of the parent company. The parent company only financial statements and related notes
should be read in conjunction with our consolidated financial statements and notes thereto.
Note 2: Credit Facilities
See Note 8 of the Notes to the Consolidated Financial Statements.
Note 3: Contingencies
See Note 19 of the Notes to the Consolidated Financial Statements.
Note 4: Dividends Received
We received dividends from DIRECTV U.S. in the amounts of $3,400 million in 2008,
$1,050 million in 2007 and $300 million in 2006 from available cash and cash equivalents. See Note 6 of
the Notes to the Consolidated Financial Statements for other dividends received.
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