DIRECTV 2009 Annual Report Download - page 13

Download and view the complete annual report

Please find page 13 of the 2009 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 160

  • 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
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160

DIRECTV
TABLE OF CONTENTS
Page No.
Part I
Item 1. Business ....................................................... 3
Item 1A. Risk Factors ................................................... 22
Item 1B. Unresolved Staff Comments ........................................ 36
Item 2. Properties ...................................................... 36
Item 3. Legal Proceedings ................................................ 36
Item 4. Submission of Matters to a Vote of Security Holders ....................... 38
Part II
Item 5. Market for the Registrant’s Common Equity, Related Stockholder Matters and
Issuer Purchases of Equity Securities ...................................... 40
Item 6. Selected Financial Data ............................................ 42
Item 7. Management’s Discussion and Analysis of Financial Condition and Results of
Operations ......................................................... 43
Item 7A. Quantitative and Qualitative Disclosures About Market Risk ................ 71
Item 8. Financial Statements and Supplementary Data ........................... 72
Report of Independent Registered Public Accounting Firm ...................... 72
Consolidated Statements of Operations for the Years Ended December 31, 2009, 2008
and 2007 ......................................................... 73
Consolidated Balance Sheets as of December 31, 2009 and 2008 .................. 74
Consolidated Statements of Changes in Stockholders’ Equity for the Years Ended
December 31, 2009, 2008 and 2007 ...................................... 75
Consolidated Statements of Comprehensive Income for the Years Ended December 31,
2009, 2008 and 2007 ................................................. 76
Consolidated Statements of Cash Flows for the Years Ended December 31, 2009, 2008
and 2007 ......................................................... 77
Notes to the Consolidated Financial Statements .............................. 78
Item 9. Changes In and Disagreements with Accountants on Accounting and Financial
Disclosure .......................................................... 123
Item 9A. Controls and Procedures .......................................... 123
Item 9B. Other Information ............................................... 126
Part III
Item 10. Directors, Executive Officers and Corporate Governance ................... 126
Item 11. Executive Compensation .......................................... 126
Item 12. Security Ownership of Certain Beneficial Owners and Management and Related
Stockholder Matters ................................................... 126
Item 13. Certain Relationships and Related Transactions, and Director Independence ..... 126
Item 14. Principal Accounting Fees and Services ................................ 126
Part IV
Item 15. Exhibits and Financial Statement Schedules ............................. 126
Signatures ............................................................. 136
1