DIRECTV 2009 Annual Report Download - page 87

DIRECTV
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY
Accu-
mulated
Other
The Common Compre-
DIRECTV DIRECTV DIRECTV Stock and hensive Total Redeem-
Group, Inc. Class A Class B Additional Accu- Loss, Non- Stock- able Non-
Common Common Common Paid-In mulated net of controlling holders’ controlling Net
Shares Shares Shares Capital Deficit taxes Interest Equity Interest Income
(Dollars in Millions, Except Share Data)
Balance at January 1, 2007 .......... 1,226,490,193 $ 9,566 $(3,107) $ (48) $ 62 $ 6,473 $270
Net Income .................... 1,451 1,451 11 $1,462
Stock repurchased and retired ......... (86,173,710) (692) (1,333) (2,025)
Stock options exercised and restricted stock
units vested and distributed ......... 7,951,720 118 118
Share-based compensation expense ...... 49 49
Tax benefit from stock option exercises . . . 18 18
Other ........................ (11) (11)
Purchase of Darlene Investments LLC’s
interest in DIRECTV Latin America . . . (62) (62)
Adjustment to initially record cumulative
effect of adopting accounting standard for
uncertainty in income taxes, net of tax . . (5) (5)
Adjustment to record adoption of
accounting standard to change
measurement date provisions of defined
benefit pension and other postretirement
plans, net of tax ................ (1) (1)
Adjustment to the fair value of redeemable
noncontrolling interest ............ (19) (19) 19
Amortization of amounts resulting from
changes in defined benefit plan
experience and actuarial assumptions, net
of tax ...................... 16 16
Foreign currency translation activity during
the period ................... (1) (1)
Unrealized gains on securities, net of tax . . 12 12
Balance at December 31, 2007 ......... 1,148,268,203 — — 9,029 (2,995) (21) — 6,013 300
Net Income .................... 1,521 1,521 92 $1,613
Stock repurchased and retired ......... (131,476,804) (1,089) (2,085) (3,174)
Stock options exercised and restricted stock
units vested and distributed ......... 7,390,644 105 105
Share-based compensation expense ...... 51 51
Tax benefit from stock option exercises . . . 15 15
Capital contribution ............... 160 160
Adjustment to the fair value of redeemable
noncontrolling interest ............ 67 67 (67)
Other ........................ (20) (20)
Amortization of amounts resulting from
changes in defined benefit plan
experience and actuarial assumptions, net
of tax ...................... (87) (87)
Unrealized losses on securities, net of tax . . (20) (20)
Balance at December 31, 2008 ......... 1,024,182,043 — — 8,318 (3,559) (128) — 4,631 325
Net Income .................... 942 942 65 $1,007
Stock repurchased and retired ......... (71,242,534) (591) (1,105) (1,696)
Stock options exercised and restricted stock
units vested and distributed ......... 4,191,329 1,898,770 35 35
Liberty Transaction ............... (957,130,838) 909,479,149 21,809,863 (1,145) (1,145)
Share-based compensation expense ...... 55 55
Tax benefit from stock option exercises . . . 29 29
Adjustment to the fair value of redeemable
noncontrolling interest ............ (16) (16) 16
Other ........................ 4 4
Amortization of amounts resulting from
changes in defined benefit plan
experience and actuarial assumptions, net
of tax ...................... (2) (2)
Cumulative effect of change in functional
currency at Sky Brazil ............ (112) (112)
Foreign currency translation activity during
the period ................... 179 179 (6)
Unrealized gains on securities, net of tax . . 7 7
Balance at December 31, 2009 ......... — 911,377,919 21,809,863 $ 6,689 $(3,722) $ (56) $ — $ 2,911 $400
The accompanying notes are an integral part of these Consolidated Financial Statements.
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