DIRECTV 2010 Annual Report Download - page 81

Download and view the complete annual report

Please find page 81 of the 2010 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 142

  • 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

DIRECTV
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY (DEFICIT)
Common Accumulated
The DIRECTV DIRECTV DIRECTV Stock Other Total Redeemable
Group, Inc. Class A Class B and Additional Accumulated Comprehensive Stockholders’ Non-controlling Net
Common Shares Common Shares Common Shares Paid-In Capital Deficit Loss, net of taxes Equity (Deficit) Interest Income
(Dollars in Millions, Except Share Data)
Balance at January 1, 2008 .................................... 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 share-based compensation ............................ 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 share-based compensation ............................ 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 ............................. 77
Balance at December 31, 2009 .................................. — 911,377,919 21,809,863 6,689 (3,722) (56) 2,911 400
Net Income ............................................. 2,198 2,198 114 $2,312
Stock repurchased and retired ................................... (135,528,774) (973) (4,206) (5,179)
Stock options exercised and restricted stock units vested and distributed ............. 6,050,275 (30) (30)
Malone Transaction ........................................ 26,547,624 (21,809,863)
Share-based compensation expense ................................. 82 82
Tax benefit from share-based compensation ............................ 38 38
Dividends paid by subsidiary to redeemable noncontrolling interest ............... (15)
Acquisition of noncontrolling interest, including related deferred income taxes .......... 79 79 (605)
Adjustment to the fair value of redeemable noncontrolling interest ................ (323) (323) 323
Other ................................................ 1 1
Amortization of amounts resulting from changes in defined benefit plan experience and
actuarial assumptions, net of tax ................................ 88
Foreign currency translation activity during the period ...................... 20 20 7
Unrealized gains on securities, net of tax:
Unrealized gains on securities .................................. 44
Less: reclassification adjustment for net gains recognized during period ............ (3) (3)
Balance at December 31, 2010 .................................. — 808,447,044 — $5,563 $(5,730) $(27) $ (194) $ 224
The accompanying notes are an integral part of these Consolidated Financial Statements.
59