DIRECTV 2012 Annual Report Download - page 54

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DIRECTV
ITEM 7. MANAGEMENT’S DISCUSSION AND ANALYSIS OF could cause our actual results to differ may occur and it is not possible for us to
FINANCIAL CONDITION AND RESULTS OF OPERATIONS predict them all. We undertake no obligation to publicly update any forward-
looking statement, whether as a result of new information, future developments or
CAUTIONARY STATEMENT FOR PURPOSE OF THE ‘‘SAFE HARBOR’’ otherwise, except as required by law.
PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT
OF 1995 CONTENTS
This Annual Report on Form 10-K may contain certain statements that we The following is a discussion of our results of operations and financial
believe are, or may be considered to be, ‘‘forward-looking statements’’ within the condition. This discussion should be read in conjunction with the consolidated
meaning of various provisions of the Securities Act of 1933 and of the Securities financial statements and related notes included elsewhere in this Annual Report.
Exchange Act of 1934. These forward-looking statements generally can be identified Information in this section is organized as follows:
by use of statements that include phrases such as we ‘‘believe,’’ ‘‘expect,’’ ‘‘estimate,’’
‘‘anticipate,’’ ‘‘intend,’’ ‘‘plan,’’ ‘‘foresee,’’ ‘‘project’’ or other similar references to • Summary Results of Operations and Financial Condition
future periods. Examples of forward-looking statements include, but are not limited • Significant Events Affecting the Comparability of the Results of Operations
to, statements we make related to our business strategy and regarding our outlook
for 2013 financial results, liquidity and capital resources. • Key Terminology
Forward-looking statements are based on our current expectations and • Executive Overview and Outlook
assumptions regarding our business, the economy and other future conditions. • Results of Operations
Because forward-looking statements relate to the future, they are subject to inherent
uncertainties, risks and changes in circumstances that are difficult to predict. Our • Liquidity and Capital Resources
actual results may differ materially from those contemplated by the forward-looking • Contractual Obligations
statements. We caution you therefore against relying on any of these forward-
looking statements. They are neither statements of historical fact nor guarantees or • Off-Balance Sheet Arrangements
assurances of future performance. Important factors that could cause actual results • Contingencies
to differ materially from those in the forward-looking statements include economic,
business, competitive, national or global political, market and regulatory conditions • Certain Relationships and Related-Party Transactions
and other risks, each of which is described in more detail in Item 1A—Risk Factors • Critical Accounting Estimates
of this Annual Report.
• Accounting Changes
Any forward looking statement made by us in this Annual Report on
Form 10-K speaks only as of the date on which it is made. Factors or events that
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