DIRECTV 2011 Annual Report Download - page 85

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DIRECTV
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY (DEFICIT) AND REDEEMABLE NONCONTROLLING INTEREST
Accumulated
The DIRECTV DIRECTV DIRECTV Common Stock Other Total Redeemable
Group, Inc. Class A Class B and Additional Accumulated Comprehensive Stockholders’ Noncontrolling 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, 2009 .................................... 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, net of tax ........... (112) (112)
Foreign currency translation activity during the period, net of tax ................. 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, net of tax ................. 20 20 7
Unrealized gains on securities, net of tax .............................. 44
Less: reclassification adjustment for net gains recognized during period, net of tax ........ (3) (3)
Balance at December 31, 2010 .................................. — 808,447,044 — 5,563 (5,730) (27) (194) 224
Net Income ............................................. 2,609 2,609 27 $2,636
Stock repurchased and retired .................................... (119,132,986) (825) (4,630) (5,455)
Stock options exercised and restricted stock units vested and distributed ............. 1,992,637 (48) (48)
Share-based compensation expense ................................. 103 103
Tax benefit from share-based compensation ............................. 30 30
Adjustment to the fair value of redeemable noncontrolling interest ................ (24) (24) 24
Other ................................................ 11
Amortization of amounts resulting from changes in defined benefit plan experience and actuarial
assumptions, net of tax ...................................... (30) (30)
Amortization of amounts resulting from changes in defined benefit plan provisions, net of tax . . 11
Foreign currency translation activity during the period, net of tax ................. (94) (94) (10)
Unrealized losses on securities, net of tax .............................. (6) (6)
Balance at December 31, 2011 .................................. — 691,306,695 — $ 4,799 $(7,750) $(156) $(3,107) $ 265
The accompanying notes are an integral part of these Consolidated Financial Statements.
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