DIRECTV 2012 Annual Report Download - page 86

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DIRECTV
CONSOLIDATED STATEMENTS OF CASH FLOWS—(continued)
Years Ended December 31,
2012 2011 2010
(Dollars in Millions)
Cash Flows From Financing Activities
Issuance of commercial paper (maturity 90 days or less), net ......................................................... 156 — —
Proceeds from short-term borrowings ........................................................................ 202 — 38
Repayment of short-term borrowings ........................................................................ — (39) —
Proceeds from borrowings under revolving credit facility ............................................................ 400 — —
Repayment of borrowings under revolving credit facility ............................................................ (400) — —
Proceeds from issuance of long-term debt ..................................................................... 5,190 3,990 5,978
Debt issuance costs ................................................................................... (36) (30) (44)
Repayments of long-term debt ............................................................................ (1,500) (1,000) (2,323)
Repayment of collar loan and equity collars .................................................................... — — (1,537)
Repayment of other long-term obligations ..................................................................... (51) (184) (127)
Common shares repurchased and retired ...................................................................... (5,175) (5,496) (5,111)
Stock options exercised ................................................................................. 3 — 38
Taxes paid in lieu of shares issued for share-based compensation ....................................................... (61) (58) (118)
Excess tax benefit from share-based compensation ................................................................ 30 25 11
Dividends paid to redeemable noncontrolling interest ............................................................. — — (15)
Net cash used in financing activities .................................................................... (1,242) (2,792) (3,210)
Net increase (decrease) in cash and cash equivalents ................................................................ 1,029 (629) (1,103)
Cash and cash equivalents at beginning of the year ................................................................. 873 1,502 2,605
Cash and cash equivalents at end of the year .................................................................... $1,902 $ 873 $ 1,502
Supplemental Cash Flow Information
Cash paid for interest .................................................................................. $ 781 $ 687 $ 460
Cash paid for income taxes .............................................................................. 1,406 1,042 705
The accompanying notes are an integral part of these Consolidated Financial Statements.
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