DIRECTV 2009 Annual Report Download - page 84

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DIRECTV
ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
To the Board of Directors and Stockholders of DIRECTV
El Segundo, California
We have audited the accompanying consolidated balance sheets of DIRECTV (formerly, The
DIRECTV Group, Inc.) (the ‘‘Company’’) as of December 31, 2009 and 2008, and the related
consolidated statements of operations, changes in stockholders’ equity, comprehensive income, and cash
flows for each of the three years in the period ended December 31, 2009. Our audits also included the
financial statement schedules listed in the Index at Item 15. These financial statements and financial
statement schedules are the responsibility of the Company’s management. Our responsibility is to
express an opinion on the financial statements and financial statement schedules based on our audits.
We conducted our audits in accordance with the standards of the Public Company Accounting
Oversight Board (United States). Those standards require that we plan and perform the audit to obtain
reasonable assurance about whether the financial statements are free of material misstatement. An
audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the
financial statements. An audit also includes assessing the accounting principles used and significant
estimates made by management, as well as evaluating the overall financial statement presentation. We
believe that our audits provide a reasonable basis for our opinion.
In our opinion, such consolidated financial statements present fairly, in all material respects, the
financial position of DIRECTV at December 31, 2009 and 2008, and the results of its operations and
its cash flows for each of the three years in the period ended December 31, 2009, in conformity with
accounting principles generally accepted in the United States of America. Also, in our opinion, such
financial statement schedules, when considered in relation to the basic consolidated financial statements
taken as a whole, present fairly, in all material respects, the information set forth therein.
As discussed in Note 2 of the Notes to the Consolidated Financial Statements, effective January 1,
2009, the Company adopted new accounting standards for the accounting and reporting of
noncontrolling interests in subsidiaries, also known as minority interests and effective January 1, 2009,
the Company adopted new accounting standards regarding the financial statement classification and
measurement of equity securities that are subject to mandatory redemption requirements or whose
redemption is out of the control of the issuer.
We have also audited, in accordance with the standards of the Public Company Accounting
Oversight Board (United States), the Company’s internal control over financial reporting as of
December 31, 2009, based on the criteria established in Internal Control—Integrated Framework issued
by the Committee of Sponsoring Organizations of the Treadway Commission and our report dated
February 25, 2010 expressed an unqualified opinion on the Company’s internal control over financial
reporting.
/s/ DELOITTE & TOUCHE LLP
Los Angeles, California
February 25, 2010
72