DIRECTV 2011 Annual Report Download - page 118

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DIRECTV
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS—(continued)
approximately 24% to approximately 3% and Dr. Malone’s resignation from our The following table sets forth the amount of accounts receivable from and
Board of Directors. accounts payable to related parties as of December 31:
Prior to the completion of the Malone Transaction, Dr. Malone was Chairman 2011 2010
of the Board of Directors of DIRECTV and of Liberty Media. Dr. Malone also had (Dollars in
Millions)
an approximate 35% voting interest in Liberty Media, an approximate 31% voting
Accounts receivable ............................. $ 1 $ 2
interest in Discovery Communications, Inc., or Discovery Communications, an
Accounts payable ............................... 96 80
approximate 40% voting interest in Liberty Global Inc., or Liberty Global, and
serves as Chairman of Liberty Global, and certain of Liberty Media’s management The accounts receivable and accounts payable balances as of December 31,
and directors also serve as directors of Discovery Communications or Liberty 2011 and 2010 are primarily related to Globo and companies in which we hold
Global. As a result of this common ownership and management, transactions with equity method investments.
Liberty Media, Discovery Communications and Liberty Global and their
subsidiaries or equity method investees were considered to be related party Note 19: Segment Reporting
transactions through the completion of the Malone Transaction. Our transactions
Our three reportable segments, which are differentiated by their products and
with Liberty Media, Discovery Communications and Liberty Global consisted
services as well as geographic location, are DIRECTV U.S. and DIRECTV Latin
primarily of purchases of programming created, owned or distributed by Liberty
America, which acquire, promote, sell and/or distribute digital entertainment
Media and Discovery Communications and its subsidiaries and investees.
programming via satellite to residential and commercial subscribers, and the Sports
The following table summarizes sales and purchase transactions with related Networks, Eliminations and Other segment which includes our three regional sports
parties: networks that provide programming devoted to local professional sports teams and
college sporting events and locally produces its own local programming. Sports
2011 2010 2009 Networks, Eliminations and Other also includes the corporate office, eliminations
(Dollars in Millions) and other entities.
Sales:
Liberty Media and affiliates .................... $ — $ 26 $ 56
Discovery Communications, Liberty Global and affiliates . — 5 11
Globo and other ........................... 6 13 10
Total .................................. $ 6 $ 44 $ 77
Purchases:
Liberty Media and affiliates .................... $ — $143 $ 358
Discovery Communications, Liberty Global and affiliates . — 128 255
Globo and other ........................... 845 622 504
Total .................................. $845 $893 $1,117
94