DIRECTV 2011 Annual Report Download - page 130
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DIRECTV
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS—(continued)
Condensed Consolidating Balance Sheet
As of December 31, 2010
Parent Guarantor Non-Guarantor DIRECTV
Guarantor Co-Issuers Subsidiaries Subsidiaries Eliminations Consolidated
(Dollars in Millions)
ASSETS
Total current assets .................................................. $ 576 $ 750 $ 2,104 $ 1,139 $ (316) $ 4,253
Satellites, net ...................................................... — — 1,794 453 (12) 2,235
Property and equipment, net ............................................ — — 2,832 1,612 — 4,444
Goodwill ......................................................... — 1,828 1,348 972 — 4,148
Intangible assets, net ................................................. — — 495 579 — 1,074
Intercompany assets .................................................. 650 12,804 8,650 (1,520) (20,584) —
Other assets ....................................................... 54 49 220 1,482 (50) 1,755
Total assets ........................................................ $1,280 $15,431 $17,443 $ 4,717 $(20,962) $17,909
LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)
Total current liabilities ................................................ $ 103 $ 142 $ 3,231 $ 1,245 $ (271) $ 4,450
Long-term debt ..................................................... — 10,472 — — — 10,472
Deferred income taxes ................................................ — — 906 813 (49) 1,670
Intercompany liabilities ................................................ 888 8,310 3,026 5,619 (17,843) —
Other liabilities and deferred credits ....................................... 483 71 219 514 — 1,287
Redeemable noncontrolling interest ........................................ — — — 224 — 224
Stockholders’ equity (deficit)
Capital stock and additional paid-in capital ................................. 5,563 7 4,579 4,684 (9,270) 5,563
Retained earnings (accumulated deficit) ................................... (5,730) (3,571) 5,482 (8,478) 6,567 (5,730)
Accumulated other comprehensive income (loss) ............................. (27) — — 96 (96) (27)
Total stockholders’ equity (deficit) ..................................... (194) (3,564) 10,061 (3,698) (2,799) (194)
Total liabilities and stockholders’ equity (deficit) ............................... $1,280 $15,431 $17,443 $ 4,717 $(20,962) $17,909
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