DIRECTV 2010 Annual Report Download - page 84

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DIRECTV
CONSOLIDATED STATEMENTS OF CASH FLOWS—(continued)
Years Ended December 31,
2010 2009 2008
(Dollars in Millions)
Cash Flows From Financing Activities
Cash proceeds from debt issuance .......................................................................... 5,978 1,990 2,490
Debt issuance costs ................................................................................... (44) (14) (19)
Repayment of long-term debt ............................................................................. (2,323) (1,018) (53)
Proceeds from short-term borrowings ........................................................................ 38 — —
Repayment of collar loan and equity collars .................................................................... (1,537) (751) —
Repayment of other long-term obligations ..................................................................... (127) (116) (117)
Common shares repurchased and retired ...................................................................... (5,111) (1,696) (3,174)
Capital contribution ................................................................................... — — 160
Stock options exercised ................................................................................. 38 35 105
Taxes paid in lieu of shares issued for share-based compensation ....................................................... (118) (72) —
Excess tax benefit from share-based compensation ................................................................ 11 5 8
Dividends paid to redeemable noncontrolling interest ............................................................. (15) — —
Net cash used in financing activities .................................................................... (3,210) (1,637) (600)
Net increase (decrease) in cash and cash equivalents ................................................................ (1,103) 600 922
Cash and cash equivalents at beginning of the year ................................................................. 2,605 2,005 1,083
Cash and cash equivalents at end of the year .................................................................... $1,502 $ 2,605 $ 2,005
Supplemental Cash Flow Information
Cash paid for interest .................................................................................. $ 460 $ 412 $ 334
Cash paid for income taxes .............................................................................. 705 484 706
The accompanying notes are an integral part of these Consolidated Financial Statements.
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