DIRECTV 2012 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, 2012
Parent Guarantor Non-Guarantor DIRECTV
Guarantor Co-Issuers Subsidiaries Subsidiaries Eliminations Consolidated
(Dollars in Millions)
ASSETS
Total current assets .................................................. $ 883 $ 884 $ 2,788 $ 2,039 $ (1,040) $ 5,554
Satellites, net ...................................................... — — 1,795 562 — 2,357
Property and equipment, net ............................................ — — 3,290 2,748 — 6,038
Goodwill ......................................................... — 1,828 1,349 886 — 4,063
Intangible assets, net ................................................. — — 453 379 — 832
Intercompany receivables .............................................. 4,382 6,152 16,355 3,703 (30,592) —
Investment in subsidiaries .............................................. (8,687) 15,001 — (10,915) 4,601 —
Other assets ....................................................... 180 91 241 1,294 (95) 1,711
Total assets ....................................................... $(3,242) $ 23,956 $26,271 $ 696 $(27,126) $20,555
LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)
Total current liabilities ................................................ $ 384 $ 646 $ 3,526 $ 2,025 $ (1,040) $ 5,541
Long-term debt .................................................... — 17,170 — — — 17,170
Deferred income taxes ................................................ — — 1,397 361 (86) 1,672
Intercompany liabilities ............................................... 1,401 16,355 6,152 6,684 (30,592) —
Other liabilities and deferred credits ....................................... 404 131 195 482 (9) 1,203
Redeemable noncontrolling interest ....................................... — — — 400 — 400
Stockholders’ equity (deficit)
Capital stock and additional paid-in capital ................................ 4,021 12 4,802 (6,632) 1,818 4,021
Retained earnings (accumulated deficit) ................................... (9,210) (10,341) 10,199 (2,560) 2,702 (9,210)
Accumulated other comprehensive loss .................................... (242) (17) — (64) 81 (242)
Total stockholders’ equity (deficit) ..................................... (5,431) (10,346) 15,001 (9,256) 4,601 (5,431)
Total liabilities and stockholders’ equity (deficit) ............................... $(3,242) $ 23,956 $26,271 $ 696 $(27,126) $20,555
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