DIRECTV 2009 Annual Report Download - page 145

Download and view the complete annual report

Please find page 145 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
SCHEDULE I—CONDENSED FINANCIAL INFORMATION OF THE REGISTRANT
CONDENSED STATEMENTS OF CASH FLOWS
(Parent Company Only)
Years Ended December 31,
2009 2008 2007
(Dollars in Millions)
Cash Flows from Operating Activities
Net cash used in operating activities .......................... $ (33) $ (16) $ (388)
Cash Flows from Investing Activities
Dividends from, net of investments in, subsidiaries ................. 1,927 3,390 1,259
Cash paid for Liberty transaction, net of cash acquired .............. (153) — —
Cash paid for property and equipment .......................... (2) (17) (30)
Purchase of short-term investments ............................ — — (588)
Sale of short-term investments ................................ — — 748
Other, net ............................................... 10 6 (5)
Net cash provided by investing activities ....................... 1,782 3,379 1,384
Cash Flows from Financing Activities
Common shares repurchased and retired ........................ (1,696) (3,174) (2,025)
Capital contribution ........................................ — 160 —
Stock options exercised ..................................... 35 105 118
Taxes paid in lieu of shares issued for share-based compensation ....... (72) — —
Excess tax benefit from share-based compensation ..................587
Net cash used in financing activities .......................... (1,728) (2,901) (1,900)
Net increase in cash and cash equivalents ........................ 21 462 (904)
Cash and cash equivalents at beginning of the year ................. 536 74 978
Cash and cash equivalents at end of the year ..................... $ 557 $ 536 $ 74
Reference should be made to the Notes to the Condensed Financial Statements.
133