Directv 10-K 26 Feb 10 2009 FY Annual report Financial data

Consolidated Statements of Oper

Consolidated Statements of Operations (USD $)
In Millions, except Per Share data	12 Months Ended Dec. 31, 2009	12 Months Ended Dec. 31, 2008	12 Months Ended Dec. 31, 2007
Revenues	$21,565	$19,693	$17,246
Costs of revenues, exclusive of depreciation and amortization expense
Broadcast programming and other	9,064	8,298	7,346
Subscriber service expenses	1,525	1,290	1,240
Broadcast operations expenses	341	360	323
Selling, general and administrative expenses, exclusive of depreciation and amortization expense
Subscriber acquisition costs	2,773	2,429	2,096
Upgrade and retention costs	1,092	1,058	976
General and administrative expenses	1,457	1,243	1,095
Depreciation and amortization expense	2,640	2,320	1,684
Total operating costs and expenses	18,892	16,998	14,760
Operating profit	2,673	2,695	2,486
Interest income	41	81	111
Interest expense	(423)	(360)	(235)
Liberty transaction and related charges	(491)	0	0
Other, net	34	55	26
Income from continuing operations before income taxes	1,834	2,471	2,388
Income tax expense	(827)	(864)	(943)
Income from continuing operations	1,007	1,607	1,445
Income from discontinued operations, net of taxes	0	6	17
Net income	1,007	1,613	1,462
Less: Net income attributable to noncontrolling interest	(65)	(92)	(11)
Net income attributable to DIRECTV	942	1,521	1,451
Amounts attributable to DIRECTV common shareholders:
Income from continuing operations, net of taxes	942	1,515	1,434
Income from discontinued operations, net of taxes	0	6	17
Net income attributable to DIRECTV	$942	$1,521	$1,451
Basic earnings attributable to DIRECTV per common share:
Income from continuing operations	0.96	1.36	1.2
Income from discontinued operations, net of taxes	$0	0.01	0.01
Net income	0.96	1.37	1.21
Diluted earnings attributable to DIRECTV per common share:
Income from continuing operations	0.95	1.36	1.2
Income from discontinued operations, net of taxes	$0	0.01	0.01
Net income	0.95	1.37	1.21
Weighted average number of common shares outstanding (in millions):
Basic	985	1,110	1,195
Diluted	992	1,114	1,202

Consolidated Balance Sheets

Consolidated Balance Sheets (USD $)
In Millions	Dec. 31, 2009	Dec. 31, 2008
Assets
Cash and cash equivalents	$2,605	$2,005
Accounts receivable, net	1,625	1,423
Inventories	212	192
Deferred income taxes	217	68
Prepaid expenses and other	396	356
Total current assets	5,055	4,044
Satellites, net	2,338	2,476
Property and equipment, net	4,138	4,171
Goodwill	4,164	3,753
Intangible assets, net	1,131	1,172
Investments and other assets	1,434	923
Total assets	18,260	16,539
LIABILITIES AND STOCKHOLDERS' EQUITY
Accounts payable and accrued liabilities	3,757	3,115
Unearned subscriber revenues and deferred credits	434	362
Current portion of long-term debt	1,510	108
Total current liabilities	5,701	3,585
Long-term debt	6,500	5,725
Deferred income taxes	1,070	524
Other liabilities and deferred credits	1,678	1,749
Redeemable noncontrolling interest	400	325
Stockholders' equity
Common stock and additional paid-in capital-$0.01 par value, 3,500,000,000 shares authorized, 911,377,919 shares issued and outstanding of DIRECTV Class A common stock at December 31, 2009, $0.01 par value, 30,000,000 shares authorized, 21,809,863 shares issued and outstanding of DIRECTV Class B common stock at December 31, 2009 and $0.01 par value, 3,000,000,000 shares authorized, 1,024,182,043 shares issued and outstanding of The DIRECTV Group, Inc. common stock at December 31, 2008	6,689	8,318
Accumulated deficit	(3,722)	(3,559)
Accumulated other comprehensive loss	(56)	(128)
Total stockholders' equity	2,911	4,631
Total liabilities and stockholders' equity	$18,260	$16,539

Consolidated Balance Sheets [Pa

Consolidated Balance Sheets [Parenthetical] (USD $)
	Dec. 31, 2008	Dec. 31, 2009	Dec. 31, 2009
Consolidated Balance Sheets [Parenthetical]
Common stock - par value	0.01	0.01	0.01
Common stock - shares authorized	3,000,000,000	3,500,000,000	30,000,000
Common stock - shares issued	1,024,182,043	911,377,919	21,809,863
Common stock - shares outstanding	1,024,182,043	911,377,919	21,809,863

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity (USD $)
In Millions, except Share data				Common Stock and Additional Paid-In Capital	Accumulated Deficit	Accumulated Other Comprehensive Loss, net of taxes	Noncontrolling Interest	Total
Balance, Shares at Dec. 31, 2006	1,226,490,193
Balance, Value at Dec. 31, 2006				$9,566	($3,107)	($48)	$62	$6,473
Net income					1,451			1,451
Stock repurchased and retired - Shares	(86,173,710)
Stock repurchased and retired - Value				(692)	(1,333)			(2,025)
Stock options exercised and restricted stock units vested and distributed - Shares	7,951,720
Stock options exercised and restricted stock units vested and distributed - Value				118				118
Share-based compensation expense				49				49
Tax benefit from stock option exercises				18				18
Adjustment to the fair value of redeemable noncontrolling interest				(19)				(19)
Other				(11)				(11)
Purchase of Darlene Investments LLC's interest in DIRECTV Latin America							(62)	(62)
Adjustment to initially record cumulative effect of adopting accounting standard for uncertainty in income taxes, net of tax					(5)			(5)
Adjustment to record adoption of accounting standard to change measurement date provisions of defined benefit pension and other postretirement plans, net of tax					(1)			(1)
Amortization of amounts resulting from changes in defined benefit plan experience and actuarial assumptions, net of tax						16		16
Foreign currency translation activity during the period						(1)		(1)
Unrealized gains (losses) on securities, net of tax						12		12
Balance, Shares at Dec. 31, 2007	1,148,268,203
Balance, Value at Dec. 31, 2007				9,029	(2,995)	(21)		6,013
Net income					1,521			1,521
Stock repurchased and retired - Shares	(131,476,804)
Stock repurchased and retired - Value				(1,089)	(2,085)			(3,174)
Stock options exercised and restricted stock units vested and distributed - Shares	7,390,644
Stock options exercised and restricted stock units vested and distributed - Value				105				105
Share-based compensation expense				51				51
Tax benefit from stock option exercises				15				15
Capital contribution				160				160
Adjustment to the fair value of redeemable noncontrolling interest				67				67
Other				(20)				(20)
Amortization of amounts resulting from changes in defined benefit plan experience and actuarial assumptions, net of tax						(87)		(87)
Unrealized gains (losses) on securities, net of tax						(20)		(20)
Balance, Shares at Dec. 31, 2008	1,024,182,043
Balance, Value at Dec. 31, 2008				8,318	(3,559)	(128)		4,631
Net income					942			942
Stock repurchased and retired - Shares	(71,242,534)
Stock repurchased and retired - Value				(591)	(1,105)			(1,696)
Stock options exercised and restricted stock units vested and distributed - Shares	4,191,329	1,898,770
Stock options exercised and restricted stock units vested and distributed - Value				35				35
Liberty Transaction - Shares	(957,130,838)	909,479,149	21,809,863
Liberty Transaction - Value				(1,145)				(1,145)
Share-based compensation expense				55				55
Tax benefit from stock option exercises				29				29
Adjustment to the fair value of redeemable noncontrolling interest				(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						(112)		(112)
Foreign currency translation activity during the period						179		179
Unrealized gains (losses) on securities, net of tax						7		7
Balance, Shares at Dec. 31, 2009	0	911,377,919	21,809,863
Balance, Value at Dec. 31, 2009				$6,689	($3,722)	($56)		$2,911

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (USD $)
In Millions	12 Months Ended Dec. 31, 2009	12 Months Ended Dec. 31, 2008	12 Months Ended Dec. 31, 2007
Net income	$1,007	$1,613	$1,462
Other comprehensive income (loss):
Amortization of amounts resulting from changes in defined benefit plan experience and actuarial assumptions, net of tax	(2)	(87)	16
Foreign currency translation adjustments
Cumulative effect of change in functional currency at Sky Brazil	(112)	0	0
Foreign currency translation activity during the period	179	0	(1)
Unrealized holding (losses) gains on securities, net of taxes	7	(20)	12
Comprehensive income	1,079	1,506	1,489
Comprehensive income attributable to noncontrolling interests	(59)	(92)	(11)
Comprehensive income attributable to DIRECTV	$1,020	$1,414	$1,478

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (USD $)
In Millions	12 Months Ended Dec. 31, 2009	12 Months Ended Dec. 31, 2008	12 Months Ended Dec. 31, 2007
Cash Flows From Operating Activities
Net income	$1,007	$1,613	$1,462
Income from discontinued operations, net of taxes	0	(6)	(17)
Income from continuing operations	1,007	1,607	1,445
Adjustments to reconcile income from continuing operations to net cash provided by operating activities:
Depreciation and amortization	2,640	2,320	1,684
Amortization of deferred revenues and deferred credits	(48)	(104)	(98)
Dividends received	94	35	0
Share-based compensation expense	55	51	49
Net loss from impairment of investments	45	0	0
Net foreign currency transaction gain	(62)	0	0
Liberty transaction and related charges	491	0	0
Deferred income taxes	441	107	439
Other	(3)	(24)	(15)
Change in operating assets and liabilities:
Accounts and notes receivable	(141)	95	(166)
Inventories	(12)	18	(45)
Prepaid expenses and other	(5)	(96)	46
Accounts payable and accrued liabilities	(215)	(23)	255
Unearned subscriber revenues and deferred credits	55	8	72
Other, net	89	(84)	(21)
Net cash provided by operating activities	4,431	3,910	3,645
Cash Flows From Investing Activities
Cash paid for property and equipment	(2,012)	(2,101)	(2,523)
Cash paid for satellites	(59)	(128)	(169)
Cash paid for Liberty transaction, net of cash acquired	(97)	0	0
Investment in companies, net of cash acquired	(37)	(204)	(348)
Purchase of short-term investments	0	0	(588)
Sale of short-term investments	0	0	748
Other, net	11	45	58
Net cash used in investing activities	(2,194)	(2,388)	(2,822)
Cash Flows From Financing Activities
Cash proceeds from debt issuance	1,990	2,490	0
Debt issuance costs	(14)	(19)	0
Repayment of long-term debt	(1,018)	(53)	(220)
Repayment of collar loan	(751)	0	0
Net increase in short-term borrowings	0	0	2
Repayment of other long-term obligations	(116)	(117)	(121)
Common shares repurchased and retired	(1,696)	(3,174)	(2,025)
Capital contribution	0	160	0
Stock options exercised	35	105	118
Taxes paid in lieu of shares issued for share-based compensation	(72)	0	0
Excess tax benefit from share-based compensation	5	8	7
Net cash used in financing activities	(1,637)	(600)	(2,239)
Net increase (decrease) in cash and cash equivalents	600	922	(1,416)
Cash and cash equivalents at beginning of the year	2,005	1,083	2,499
Cash and cash equivalents at end of the year	2,605	2,005	1,083
Supplemental Cash Flow Information
Cash paid for interest	412	334	230
Cash paid for income taxes	$484	$706	$408

Description of Business

Description of Business
	12 Months Ended Dec. 31, 2009 USD / shares
Description of Business [Abstract]
Description of Business	Note1: Description of Business DIRECTV, which we sometimes refer to as the company, we, or us, is a leading provider of digital television entertainment in the United States and Latin America. We operate two direct-to-home, or DTH, operating segments: DIRECTV U.S. and DIRECTV Latin America, which are differentiated by their geographic location and are engaged in acquiring, promoting, selling and/or distributing digital entertainment programming via satellite to residential and commercial subscribers. Beginning November 19, 2009 we also operate three regional sports networks and own a 65% interest in Game Show Network LLC, or GSN, a basic television network dedicated to game-related programming and Internet interactive game playing. We account for our investment in GSN using the equity method of accounting. DIRECTV U.S. DIRECTV HoldingsLLC and its subsidiaries, which we refer to as DIRECTV U.S., is the largest provider of DTH digital television services and the second largest provider in the multichannel video programming distribution, or MVPD, industry in the United States. DIRECTV Latin America. DIRECTV Latin America, or DTVLA, is a leading provider of DTH digital television services throughout Latin America. DTVLA is comprised of: PanAmericana, which provides services in Venezuela, Argentina, Chile, Colombia, Puerto Rico and certain other countries in the region through our whollyowned subsidiary, DIRECTV Latin America,LLC, or DLALLC; our 74% owned subsidiary Sky Brasil ServicosLtda., which we refer to as Sky Brazil; and our 41% equity method investment in Innova, S. de R.L. de C.V., or Sky Mexico. DIRECTV Sports Networks. DIRECTV Sports Networks LLC and its subsidiaries is comprised primarily of three regional sports television networks based in Seattle, Washington, Denver, Colorado and Pittsburgh, Pennsylvania, currently known as FSN Rocky Mountain, FSN Northwest and FSN Pittsburgh, respectively. The operating results of DSN beginning November 19, 2009 are reported as part of the Sports Networks, Eliminations and Other operating segment. Liberty Transaction On November19, 2009, The DIRECTV Group,Inc., or DIRECTV Group, and Liberty Media Corporation, which we refer to as Liberty or Liberty Media, obtained shareholder approval of and closed a series of related transactions which we refer to collectively as the Liberty Transaction. The Liberty Transaction included the split-off of certain of the assets of the Liberty Entertainment group into Liberty Entertainment,Inc., or LEI, which was then split-off from Liberty. Following the split-off, DIRECTV Group and LEI merged with subsidiaries of DIRECTV. As a result of the Liberty Transaction, DIRECTV Group, which is comprised of the DIRECTV U.S. and DIRECTV Latin America businesses, and LEI, which held Libertys 57% interest in DIRECTV Group, a 100% interest in three regional sports networks, a 65% interest in GSN, approximately $120 million in cash and cash equivalents and approximately $2.1 billion of indebtedness and a related series of equity collars became wholly-owned subsidiaries of DIRECTV. DIRECTV Group has been treated as the acquiring corporation in the Liberty Tran

Basis of Presentation and Summa

Basis of Presentation and Summary of Significant Accounting Policies
	12 Months Ended Dec. 31, 2009 USD / shares
Basis of Presentation and Summary of Significant Accounting Policies [Abstract]
Basis of Presentation and Summary of Significant Accounting Policies	Note2: Basis of Presentation and Summary of Significant Accounting Policies Principles of Consolidation We present our accompanying financial statements on a consolidated basis and include our accounts and those of our domestic and foreign subsidiaries that we control through equity ownership or for which we are deemed to be the primary beneficiary, after elimination of intercompany accounts and transactions. We allocate earnings and losses to noncontrolling interests only to the extent of a noncontrolling investors investment in a subsidiary. Use of Estimates in the Preparation of the Consolidated Financial Statements We prepare our consolidated financial statements in conformity with accounting principles generally accepted in the United States of America, which requires us to make estimates and assumptions that affect amounts reported herein. We base our estimates and assumptions on historical experience and on various other factors that we believe to be reasonable under the circumstances. Due to the inherent uncertainty involved in making estimates, our actual results reported in future periods may be affected by changes in those estimates. Revenue Recognition We recognize subscription and pay-per-view revenues when programming is broadcast to subscribers. We recognize subscriber fees for multiple set-top receivers, our published programming guide, warranty services and equipment rental as revenue, as earned. We recognize advertising revenues when the related services are performed. We defer programming payments received from subscribers in advance of the broadcast as Unearned subscriber revenues and deferred credits in the Consolidated Balance Sheets until earned. We recognize revenues to be received under contractual commitments on a straight line basis over the minimum contractual period. Broadcast Programming and Other We recognize the costs of television programming distribution rights when we distribute the related programming. We recognize the costs of television programming rights to distribute live sporting events for a season or tournament to expense using the straight-line method over the course of the season or tournament. However, we charge the cost of multi-year programming contracts for live sporting events with minimum guarantee payments, such as DIRECTV U.S. agreement with the NFL, based on the contractual rates in the contract per season, unless the contractual rates are inconsistent with the relative value of the programming from season to season, in which case we record the expense based on the ratio of each periods sports programming package revenues to the estimated total package revenues to be earned over the contract period. We evaluate estimated total contract revenues at least annually. We defer advance payments in the form of cash and equity instruments from programming content providers for carriage of their signal and recognize them as a reduction of Broadcast programming and other in the Consolidated Statements of Operations on a straight-line basis over the related contract term. We record equity instruments at fair value based on quoted market prices or values determined by management.

Acquisitions

Acquisitions
	12 Months Ended Dec. 31, 2009 USD / shares
Acquisitions [Abstract]
Acquisitions	Note3: Acquisitions Liberty Transaction On November19, 2009, DIRECTV Group and Liberty Media, obtained shareholder approval of and closed a series of related transactions which we refer to collectively as the Liberty Transaction. The Liberty Transaction included the split-off of certain of the assets of the Liberty Entertainment group into LEI, which was then split-off from Liberty. Following the split-off, DIRECTV Group and LEI merged with subsidiaries of DIRECTV. As a result of Liberty Transaction, DIRECTV Group, which is comprised of the DIRECTV U.S. and DIRECTV Latin America businesses, and LEI, which held Libertys 57% interest in DIRECTV Group, a 100% interest in three regional sports networks, a 65% interest in Game Show Network, LLC, approximately $120 million in cash and cash equivalents and approximately $2.1 billion of indebtedness and a related series of equity collars became wholly-owned subsidiaries of DIRECTV. DIRECTV Group entered into the Liberty Transaction to eliminate the approximate 57% ownership interest in DIRECTV group held by Liberty Media, thereby reducing the concentration of voting power in a single stockholder or group of affiliated stockholders. The merger also resulted in greater liquidity of the DIRECTV common stock, greater operating and governance independence and the elimination of the risk that Liberty could transfer control of DIRECTV without DIRECTV public stockholders participating in any control premium. The holders of outstanding shares of DIRECTV Group common stock (other than direct or indirect subsidiaries of LEI) received one share of DIRECTV ClassA common stock for each share of DIRECTV Group common stock held. The holders of outstanding shares of LEI SeriesA common stock and SeriesB common stock (other than the Malones) received 1.11130 shares of DIRECTV ClassA common stock for each share of LEI SeriesA or SeriesB common stock held. The Malones received 1.11130 shares of DIRECTV Class B common stock for each share of LEI Series B common stock held. Based on these terms, DIRECTV issued 408.4 million Class A shares to the holders of DIRECTV Group common stock other than LEI, and 501.1 million Class A and 21.8 million Class B shares to the former LEI shareholders. The 931.3 million total Class A and Class B shares issued by DIRECTV was 25.8 million less than the 957.1 million DIRECTV Group common shares outstanding immediately preceding the merger, as the exchange ratio contemplated the fact that LEI would be contributing net liabilities (excluding LEIs interest in DIRECTV Group) to DIRECTV. The Liberty Transaction has been accounted for using the acquisition method of accounting pursuant to accounting standards for business combinations. DIRECTV Group has been treated as the acquiring corporation in the Liberty Transaction for accounting and financial reporting purposes, and accordingly the historical financial statements of DIRECTV Group have become the historical financial statements of DIRECTV. The acquisition date fair value of consideration paid, in the form of DIRECTV common stock, for the assets and liabilities of LEI (excluding LEIs interest in DIRECTV Group) has been allocat

Accounts Receivable, Net

Accounts Receivable, Net
	12 Months Ended Dec. 31, 2009 USD / shares
Accounts Receivable, Net [Abstract]
Accounts Receivable, Net	Note4: Accounts Receivable, Net The following table sets forth the amounts recorded for Accounts receivable, net in our Consolidated Balance Sheets as of December31: 2009 2008 (Dollars in Millions) Subscriber $1,036 $918 Trade and other 645 555 Subtotal 1,681 1,473 Less: Allowance for doubtful accounts (56) (50) Accounts receivable, net $1,625 $1,423

Satellites, Net and Property an

Satellites, Net and Property and Equipment, Net
	12 Months Ended Dec. 31, 2009 USD / shares
Satellites, Net and Property and Equipment, Net [Abstract]
Satellites, Net and Property and Equipment, Net	Note5: Satellites, Net and Property and Equipment, Net The following table sets forth the amounts recorded for Satellites, net and Property and equipment, net in our Consolidated Balance Sheets at December31: Estimated Useful Lives (years) 2009 2008 (Dollars in Millions) Satellites 10-16 $2,839 $2,956 Satellites under construction 354 292 Total 3,193 3,248 Less: Accumulated depreciation (855) (772) Satellites, net $2,338 $2,476 Land and improvements 9-30 $37 $37 Buildings and leasehold improvements 2-40 361 342 Machinery and equipment 2-23 3,337 3,211 Subscriber leased set-top receivers 3-7 5,636 4,853 Construction in-progress 360 271 Total 9,731 8,714 Less: Accumulated depreciation (5,593) (4,543) Property and equipment, net $4,138 $4,171 We capitalized interest costs of $18million in 2009, $18million in 2008, and $51million in 2007 as part of the cost of our property and satellites under construction. Depreciation expense was $2,287million in 2009, $1,907million in 2008, and $1,264million in 2007. On March1, 2006, DIRECTV U.S. introduced a set-top receiver lease program. Prior to March1, 2006, most set-top receivers provided to new and existing DIRECTV U.S. subscribers were immediately expensed upon activation as a subscriber acquisition or upgrade and retention cost in the Consolidated Statements of Operations. Subsequent to the introduction of the lease program, we lease most set-top receivers provided to new and existing subscribers, and therefore capitalize the set-top receivers in Property and equipment, net in the Consolidated Balance Sheets. We depreciate capitalized set-top receivers over a three year estimated useful life and include the amount of set-top receivers capitalized each period in Cash paid for property and equipment in the Consolidated Statements of Cash Flows. The following table sets forth the amount of DIRECTV U.S. set-top receivers we capitalized, and depreciation expense we recorded, under the lease program for each of the periods presented: Years ended December31, Capitalized subscriber leased equipment: 2009 2008 2007 (Dollars in Millions) Subscriber leased equipmentsubscriber acquisitions $564 $599 $762 Subscriber leased equipmentupgrade and retention 419 537 774 Total subscriber leased equipment capitalized $983 $1,136 $1,536 Depreciation expensesubscriber leased equipment $1,333 $1,100 $645

Goodwill and Intangible Assets

Goodwill and Intangible Assets
	12 Months Ended Dec. 31, 2009 USD / shares
Goodwill and Intangible Assets [Abstract]
Goodwill and Intangible Assets	Note6: Goodwill and Intangible Assets The following table sets forth the changes in the carrying amounts of Goodwill in the Consolidated Balance Sheets by segment for the years ended December31, 2009 and 2008: DIRECTV U.S. DIRECTV Latin America Sports Networks, Eliminations and Other Total Balance as of January1, 2008 $3,032 $637 $ $3,669 Acquisition related to home service provider business 157 157 Sky Brazil deferred income tax valuation allowance (73) (73) Balance as of December31, 2008 3,189 564 3,753 Liberty Transaction 341 341 Sky Brazil foreign currency translation adjustment 92 92 Purchase or acquisition accounting adjustments: New acquisitions 24 24 Finalization of prior acquisitions (46) (46) Balance as of December31, 2009 $3,167 $656 $341 $4,164 The following table sets forth the components for Intangible assets, net in the Consolidated Balance Sheets at: December31, 2009 December31, 2008 Estimated Useful Lives (years) Gross Amount Accumulated Amortization Net Amount Gross Amount Accumulated Amortization Net Amount (Dollars in Millions) Orbital slots Indefinite $432 $432 $432 $432 72.5 WL Orbital license 5 208 $208 208 $171 37 Subscriber related 5-10 1,787 1,526 261 1,697 1,255 442 Dealer network 15 130 90 40 130 79 51 Trade name and other 5-20 344 17 327 102 9 93 Distribution rights 7 334 263 71 334 217 117 Total intangible assets $3,235 $2,104 $1,131 $2,903 $1,731 $1,172 Amortization expense of intangible assets was $352million in 2009, $412million in 2008 and $419million in 2007. Estimated amortization expense for intangible assets in each of the next five years and thereafter is as follows: $188million in 2010; $132million in 2011; $85million in 2012; $38million in 2013; $31million in 2014 and $225million thereafter. We performed our annual impairment tests for goodwill and orbital slots in the fourth quarters of 2009, 2008, and 2007. The estimated fair values for each reporting unit and the orbital slots exceeded our carrying values, and accordingly, no impairment losses were recorded during 2009, 2008, or 2007.

Investments

Investments
	12 Months Ended Dec. 31, 2009 USD / shares
Investments [Abstract]
Investments	Note7: Investments Equity Method Investments The following table sets forth the book value of our investments which we account for under the equity method of accounting: As of December31, 2009 2008 (Dollars in Millions) Sky Mexico $484 $537 GSN 462 Other equity method investments 130 130 Total investments accounted for the equity method of accounting $1,076 $667 We paid cash of $11million in 2009, $96million in 2008 and $13million in 2007 to acquire interests in companies we account for under the equity method of accounting. The following table sets forth equity in earnings and losses of our investments accounted for under the equity method of accounting for the periods presented: Years Ended December31, 2009 2008 2007 (Dollars in Millions) Sky Mexico $32 $63 $41 Other 19 (8) (6) Total equity earnings for investments accounted for under the equity method of accounting $51 $55 $35 Game Show Network. As result of the Liberty Transaction, DIRECTV and Sony Pictures Entertainment, or Sony, a division of Sony Corporation of America, which is a subsidiary of Sony Corporation, own 65% and 35% of GSN, respectively as of December 31, 2009. GSN owns and operates a basic cable network dedicated to game-related programming and Internet interactive game playing. Due to certain governance arrangements which limit DIRECTVs ability to control GSN, we account for GSN as an equity method investment. DIRECTV accounts for the excess of the carrying value for its investment in GSN over DIRECTVs share of GSNs equity in memo accounts allocated to goodwill and definite lived intangibles attributable to affiliate and advertising relationships. For 2009 we recognized $1 million of amortization on definite lived intangibles in equity earnings. We received cash dividends of $94 million in 2009 and $35million in 2008 from companies that we account for under the equity method. Other Investments We had investments in marketable equity securities of $31million as of December31, 2009 and $23million as of December31, 2008, which were stated at current fair value and classified as available-for-sale. We calculated the fair values based on quoted market prices of our investments, which is a Level1 input under the accounting guidance. Accumulated unrealized gains, net of taxes, included as part of accumulated other comprehensive income were $8million in 2009, $1million in 2008 and $21million in 2007. In 2009, we recognized a $45 million charge for the other than temporary impairment of certain of our investments.

Accounts Payable and Accrued Li

Accounts Payable and Accrued Liabilities; Other Liabilities and Deferred Credits
	12 Months Ended Dec. 31, 2009 USD / shares
Accounts Payable and Accrued Liabilities; Other Liabilities and Deferred Credits [Abstract]
Accounts Payable and Accrued Liabilities; Other Liabilities and Deferred Credits	Note8: Accounts Payable and Accrued Liabilities; Other Liabilities and Deferred Credits The following represent significant components of Accounts payable and accrued liabilities in our Consolidated Balance Sheets as of December31: 2009 2008 (Dollars in Millions) Programming costs $1,788 $1,640 Accounts payable 582 433 Equity collars (see Note 9 for additional information) 400 Property and income taxes 157 161 Payroll and employee benefits 204 165 Interest payable 47 45 Other 579 671 Total accounts payable and accrued liabilities $3,757 $3,115 The following represent significant components of Other liabilities and deferred credits in our Consolidated Balance Sheets as of December31: 2009 2008 (Dollars in Millions) Other accrued taxes $595 $428 Obligations under capital leases 537 542 Pension and other postretirement benefits 135 179 Deferred credits 78 122 Programming costs 76 251 Other 257 227 Total other liabilities and deferred credits $1,678 $1,749

Debt

Debt
	12 Months Ended Dec. 31, 2009 USD / shares
Debt [Abstract]
Debt	Note9: Debt The following table sets forth our outstanding debt: December31, 2009 2008 (Dollars in Millions) Senior notes $4,490 $3,410 Senior secured credit facility, net of unamortized discount of $7 million as of December 31, 2009 and $9million as of December31, 2008 2,316 2,421 Collar Loan 1,202 Unamortized bond premium 2 2 Total debt 8,010 5,833 Less: Current portion of long-term debt (1,510) (108) Long-term debt $6,500 $5,725 All of the senior notes and the senior secured credit facility were issued by DIRECTV U.S. The senior secured credit facility is secured by substantially all of DIRECTV U.S. assets. Collar Loan As part of the Liberty Transaction completed on November 19, 2009, we assumed a credit facility with a principal balance of $1,878 million and related equity collars which were in a liability position with an estimated acquisition date negative fair value of $369 million, which we refer to as the Collar Loan. The loan bears interest at an effective weighted average interest rate of approximately 3.5%. The equity collars, which use DTV shares as the underlying security, were entered into by Liberty prior to the Liberty Transaction for the purpose of providing credit security to the lending bank on the Collar Loan and, as a consequence, hedging Libertys exposure to default on the Collar Loan by limiting Libertys exposure to downward movements in the price of DTV stock in exchange for Libertys increased exposure to upward movements in the price of DTV stock. As the derivative financial instruments were in respect of DTV stock, the original hedging function of the equity collars, ceased upon the completion of the Liberty Transaction by reason of the acquisition of the DTV stocks underlying the hedge by DIRECTV, and we became exposed to significant potential cash liability upon any upward movements in the price of DTV stock. Thus, the equity collars, when acquired by DIRECTV in the Liberty Transaction, posed an unhedged risk of substantial economic loss upon upward movements in the price of DTV stock, which was adverse to the company's short and long-term operational and stock price goals andwas therefore an uneconomic and burdensome obligation to DIRECTV. Accordingly, in connection with the assumption of the Collar Loan, we agreed with the lending bank to promptly repay the Collar Loan and settle the equity collars. From the acquisition date to December 31, 2009, we repaid a total of $751 million, including $676 million in principal payments and $75 million in payments to settle a portion of the equity collars. We also recorded a $105 million loss during the year ended December 31, 2009 in Liberty transaction and related charges in the Consolidated Statements of Operations related to the partial settlement of the collar and the adjustment of the remaining collar derivative financial instruments to their fair value as of December 31, 2009 to a liability of $400 million. During the first quarter of 2010, we paid $1,537 million to repay the remaining principal balance of the loan and settle the

Income Taxes

Income Taxes
	12 Months Ended Dec. 31, 2009 USD / shares
Income Taxes [Abstract]
Income Taxes	Note10: Income Taxes We base our income tax expense or benefit on reported "Income from continuing operations before income taxes." Deferred income tax assets and liabilities reflect the impact of temporary differences between the amounts of assets and liabilities recognized for financial reporting purposes and such amounts recognized for tax purposes, as measured by applying currently enacted tax laws. Our income tax expense consisted of the following for theyears ended December31: 2009 2008 2007 (Dollars in Millions) Current tax expense: U.S. federal $(308) $(543) $(450) Foreign (97) (128) (73) State and local (63) (72) (103) Total (468) (743) (626) Deferred tax expense: U.S. federal (309) (210) (285) Foreign 1 97 5 State and local (51) (8) (37) Total (359) (121) (317) Total income tax expense $(827) $(864) $(943) "Income from continuing operations before income taxes" in the Consolidated Statements of Operations included the following components for theyears ended December31: 2009 2008 2007 (Dollars in Millions) U.S. income $1,446 $1,981 $2,154 Foreign income 388 490 234 Total $1,834 $2,471 $2,388 Our income tax expense was different than the amount computed using the U.S. federal statutory income tax rate for the reasons set forth in the following table for theyears ended December31: 2009 2008 2007 (Dollars in Millions) Expected expense at U.S. federal statutory income tax rate $(642) $(865) $(836) U.S. state and local income tax expense, net of federal benefit (77) (73) (91) Liberty Transaction charges not recoverable (127) Change in unrecognized tax benefits (21) (18) (18) Minority interests in partnership earnings 30 26 4 Foreign taxes, net of tax deduction 31 27 (14) Change in valuation allowance (33) 12 5 Tax credits 3 32 4 Other 9 (5) 3 Total income tax expense $(827) $(864) $(943) Temporary differences and carryforwards that gave rise to deferred tax assets and liabilities at December31 were as follows: 2009 2008 Deferred Tax Assets Deferred Tax Liabilities Deferred Tax Assets Deferred Tax Liabilities (Dollars in Millions) Accruals and advances $328 $103 $278 $67 Prepaid expenses 21 29 State taxes 57 31 Depreciation, amortization and asset impairment charges 608 273 Net operating loss and tax credit carryforwards 881 643 Programming contract liabilities 127 162 Unrealized foreign exchange gains or losses 134 59 Tax basis differences in investments and affiliates 188 795 84 705 Other 5 14 6 6 Subtotal 1,586 1,675

Capital Lease Obligations

Capital Lease Obligations
	12 Months Ended Dec. 31, 2009 USD / shares
Capital Lease Obligations [Abstract]
Capital Lease Obligations	Note11: Capital Lease Obligations Satellite Leases During the first quarter of 2008, Sky Brazil began broadcasting its service on a new satellite, IS 11, pursuant to a satellite transponder capacity agreement, which we are accounting for as a capital lease. The present value of the lease payments at the inception of the 15year lease term was $247million. The capitalized value of the satellite has been included in Satellites, net in the Consolidated Balance Sheets. The capitalized lease obligations are included in Accounts payable and accrued liabilities and Other liabilities and deferred credits in the Consolidated Balance Sheets. During the third quarter of 2008, DTVLA amended its satellite transponder capacity agreement for the GIIIC satellite, which provides broadcast services to PanAmericana, and was previously classified as an operating lease. The extension of the lease term to December 2020 required a reassessment of the lease classification and we determined that we should change the classification of the amended agreement to a capital lease. The present value of the lease payments at the inception of the lease renewal was $333million. The capitalized value of the satellite is included in Satellites, net and the capitalized lease obligation is included in Accounts payable and accrued liabilities and Other liabilities and deferred credits in the Consolidated Balance Sheets. The following table sets forth total minimum lease payments under capital leases along with the present value of the net minimum lease payments as of December31, 2009: (Dollars in Millions) 2010 $89 2011 87 2012 84 2013 82 2014 77 Thereafter 511 Total minimum lease payments 930 Less: Amount representing interest 344 Present value of net minimum lease payments $586 Assets held under capitalized leases are included in Satellites, net and Property and Equipment, net in our Consolidated Balance Sheets. We had the following assets held under capital leases as of December31: 2009 2008 (Dollars in Millions) Satellites under capital leases $543 $533 Less: Accumulated amortization (63) (20) Satellites, net under capital leases $480 $513 Property and equipment under capital leases $63 $27 Less: Accumulated amortization (14) (4) Property and equipment, net under capital leases $49 $23 We paid interest for capital leases of $56million in 2009, $27million in 2008 and $4million in 2007.

Pension and Other Postretiremen

Pension and Other Postretirement Benefit Plans
	12 Months Ended Dec. 31, 2009 USD / shares
Pension and Other Postretirement Benefit Plans [Abstract]
Pension and Other Postretirement Benefit Plans	Note12: Pension and Other Postretirement Benefit Plans Most of our employees are eligible to participate in our funded non-contributory defined benefit pension plan, which provides defined benefits based on either years of service and final average salary, or eligible compensation while employed by the company. Additionally, we maintain a funded contributory defined benefit plan for employees who elected to participate prior to 1991, and an unfunded, nonqualified pension plan for certain eligible employees. For participants in the contributory pension plan, we also maintain a postretirement benefit plan for those eligible retirees to participate in health care and life insurance benefits generally until they reach age 65. Participants may become eligible for these health care and life insurance benefits if they retire from our company between the ages of 55 and 65. The health care plan is contributory with participants contributions subject to adjustment annually; the life insurance plan is non-contributory. The components of the pension benefit obligation and the other postretirement benefit obligation, including amounts recognized in the Consolidated Balance Sheets, are shown below for the years ended December31: Pension Benefits Other Postretirement Benefits 2009 2008 2009 2008 (Dollars in Millions) Change in Net Benefit Obligation Net benefit obligation at beginning of year $452 $430 $22 $24 Service cost 16 16 Interest cost 28 27 1 1 Plan participants contribution 1 1 Actuarial loss 48 29 Benefits paid (47) (51) (2) (3) Net benefit obligation at end of year 498 452 21 22 Change in Plan Assets Fair value of plan assets at beginning of year 283 368 Actual return (loss) on plan assets 66 (85) Employer contributions 72 51 2 3 Benefits paid (47) (51) (2) (3) Fair value of plan assets at end of year 374 283 Funded status at end of year $(124) $(169) $(21) $(22) Amounts recognized in the consolidated balance sheets consist of: Accounts payable and accrued liabilities $(8) $(9) $(2) $(3) Other liabilities and deferred credits (116) (160) (19) (19) Deferred tax assets (liabilities) 80 79 (1) (1) Accumulated other comprehensive loss (gain) 131 129 (1) (1) Amounts recognized in the accumulated other comprehensive loss consist of: Unamortized net amount resulting from changes in defined benefit plan experienceandactuarial assumptions, net of taxes $127 $125 $ $ Unamortized amount resulting from changes in defined benefit plan provisions, netoftaxes 4 4 (1) (1) Total $131 $129 $(1) $(1) We estimate that the following amounts will be amortized from accumulated other comprehensive income into net periodic benefit cost during the year ending December31, 201

Stockholders' Equity

Stockholders' Equity
	1/1/2009 - 12/31/2009 USD / shares
Stockholders' Equity [Abstract]
Stockholders' Equity	Note13: Stockholders Equity Capital Stock and Additional Paid-In Capital Our certificate of incorporation provides for the following capital stock: Class A common stock, par value $0.01 per share, 3,500,000,000 shares authorized; ClassB common stock, par value $0.01 per share, 30,000,000 shares authorized; ClassC common stock, par value $0.01 per share, 420,000,000 shares authorized; and preferred stock, par value $0.01 per share, 50,000,000 shares authorized. As of December31, 2009, there were no shares outstanding of the ClassC common stock or preferred stock. Class A and Class B common stock have similar dividend distribution rights. Share Repurchase Program Since 2006 our Board of Directors has approved multiple authorizations for the repurchase of our common stock, the most recent of which was announced in February 2010, authorizingshare repurchases of $3.5 billion. The authorizations allow us to repurchase our common stock from time to time through open market purchases and negotiated transactions, or otherwise. The timing, nature and amount of such transactions will depend on a variety of factors, including market conditions, and the program may be suspended, discontinued or accelerated at any time. The sources of funds for the purchases under the remaining authorizations are our existing cash on hand, cash from operations and potential additional borrowings. Purchases are made in the open market, through block trades and other negotiated transactions. Repurchased shares are retired but remain authorized for registration and issuance in the future. The following table sets forth information regarding shares repurchased and retired for the years ended December31: 2009 2008 2007 (Amounts in Millions, Except Per Share Amounts) Total cost of repurchased and retired shares $1,696 $3,174 $2,025 Average price per share 23.79 24.12 23.48 Number of shares repurchased and retired 71 131 86 For the year ended December31, 2009, we recorded the $1,696million in repurchases as a decrease of $591million to Common stock and additional paid in capital and an increase of $1,105million to Accumulated deficit in the Consolidated Balance Sheets. For the year ended December31, 2008, we recorded the $3,174million in repurchases as a decrease of $1,089million to Common stock and additional paid in capital and an increase of $2,085million to Accumulated deficit in the Consolidated Balance Sheets. For the year ended December31, 2007, we recorded the $2,025million in repurchases as a decrease of $692million to Common stock and additional paid in capital and an increase of $1,333million to Accumulated deficit in the Consolidated Balance Sheets. Other Comprehensive Income The following represents the components of OCI, net of taxes, for the years ended December31: 2009 2008 2007 Pre-tax Amount Tax (Benefit) Expense Net Amount Pre-tax Amount Tax Benefit Net Amount Pre-tax Amount Tax (Benefit) Expense Net Amount (Dollars in Millions) Amortization of amounts resulting fromchanges in defined b

Earnings Per Common Share

Earnings Per Common Share
	12 Months Ended Dec. 31, 2009 USD / shares
Earnings Per Common Share [Abstract]
Earnings Per Common Share	Note14: Earnings Per Common Share Earnings per share has been computed using the number of outstanding shares of DIRECTV Group through November 19, 2009, and based on the outstanding shares of DIRECTV Class A and Class B common stock subsequent to that date as a result of the Liberty Transaction. See Note 3 for additional information regarding the Liberty Transaction. We compute basic earnings per common share, or EPS, by dividing net income by the weighted average number of common shares outstanding for the period. Diluted EPS considers the effect of common equivalent shares, which consist entirely of common stock options and unvested restricted stock units issued to employees. In the computation of diluted EPS under the treasury stock method, the amount of assumed proceeds from nonvested stock awards and unexercised stock options includes the amount of compensation cost attributable to future services not yet recognized, proceeds from the exercise of the options, and the incremental income tax benefit or liability as if the awards were distributed during the period. We exclude common equivalent shares from the computation in loss periods as their effect would be antidilutive and we exclude common stock options from the computation of diluted EPS when their exercise price is greater than the average market price of our common stock. The following table sets forth the number of common stock options excluded from the computation of diluted EPS because the options exercise prices were greater than the average market price of our common stock during the years presented: December31, 2009 2008 2007 (Shares in Millions) Common stock options excluded 16 27 34 2009 2008 2007 (Shares in Millions) Common shares outstanding at January1 1,024 1,148 1,226 Decrease for common shares repurchased and retired (71) (131) (86) Liberty Transaction adjustment (26) Increase for stock options exercised and restricted stock units vested and distributed 6 7 8 Common shares outstanding at December31 933 1,024 1,148 Weighted average number of common shares outstanding 985 1,110 1,195 The reconciliation of the amounts used in the basic and diluted EPS computation was as follows: Income Shares Per Share Amounts (Dollars and Shares in Millions, Except Per Share Amounts) Year Ended December31, 2009: Basic EPS Income from continuing operations attributable to DIRECTV $942 985 $0.96 Effect of Dilutive Securities Dilutive effect of stock options and restricted stock units 7 (0.01) Diluted EPS Adjusted income from continuing operations attributable to DIRECTV $942 992 $0.95 Year Ended December31, 2008: Basic EPS Income from continuing operations attributable to DIRECTV $1,515 1,110 $1.36 Effect of Dilutive Securities Dilutive effect of stock options and restricted stock units 4 Diluted EPS Adjusted income from continuing operations attributa

Share-Based Payment

Share-Based Payment
	12 Months Ended Dec. 31, 2009 USD / shares
Share-Based Payment [Abstract]
Share-Based Payment	Note15: ShareBased Payment As a result of the Liberty Transaction completed on November 19, 2009, DIRECTV assumed share based payment awards granted under plans of both the DIRECTV Group and LEI. See Note 3 for additional information regarding the Liberty Transaction. Under The DIRECTV Group,Inc. Amended and Restated 2004 Stock Plan, or the DIRECTV Plan, as approved by DIRECTV Group stockholders on June5, 2007, shares, rights or options to acquire up to 21million shares of common stock plus the number of shares that were granted under a former plan but which, after December22, 2003 are forfeited, expire or are cancelled without the delivery of shares of common stock or otherwise result in the return of such shares to us, were authorized for grant through June4, 2017, subject to the approval of the Compensation Committee of our Board of Directors. As part of the Liberty Transaction on November 19, 2009, we assumed the Liberty Entertainment Transitional Stock Plan, or the LEI Plan. Under the LEI Plan, we assumed 16.7 million stock options and stock appreciation rights, or SARs, and issued 1.1 million shares of Class A common stock to holders of restricted stock units issued under the LEI Plan. We are authorized to issue shares, rights or options to acquire up to 21million shares of common stock under the LEI Plan. Equity instruments from the LEI Plan that are forfeited, expire or are cancelled without the delivery of shares of common stock or otherwise result in the return of such shares to us will be authorized for grant subject to the approval of the Compensation Committee of our Board of Directors. Under both the DIRECTV Plan and the LEI Plan, we issue new shares of our Class A common stock when restricted stock units are earned and when stock options are exercised. Restricted Stock Units The Compensation Committee has granted restricted stock units under our stock plans to certain of our employees and executives. Annual awards are mostly performancebased, with final payments in shares of our Class A common stock. Final payment can be reduced from the target award amounts based on our companys performance over a three year performance period in comparison with pre-established targets. We determine the fair value of restricted stock units based on the closing stock price of our Class A common shares on the date of grant. Changes in the status of outstanding restricted stock units were as follows: Stock Units WeightedAverage Grant-Date Fair Value Nonvested at January1, 2009 7,697,440 $20.25 Granted 2,982,031 21.57 Vested and Distributed (2,535,130) 13.78 Forfeited (679,628) 22.10 Nonvested at December31, 2009 7,464,713 22.80 The weighted average grant-date fair value of restricted stock units granted during the year ended December31, 2008 was $23.19. The weighted average grant-date fair value of restricted stock units granted during the year ended December31, 2007 was $23.69. The total fair value of restricted stock units vested and distributed was $35million during the year ended December31, 2009, $54million during the year ended December31

Other Income and Expenses

Other Income and Expenses
	12 Months Ended Dec. 31, 2009 USD / shares
Other Income and Expenses [Abstract]
Other Income and Expenses	Note16: Other Income and Expenses The following table summarizes the components of Other, net in our Consolidated Statements of Operations for the years ended December31: 2009 2008 2007 (Dollars in Millions) Equity in earnings from unconsolidated affiliates $51 $55 $35 Net foreign currency transaction gain 62 Loss from impairment of investments (45) Loss on early extinguishment of debt (34) Net gain (loss) from sale of investments 1 (6) Other (1) (3) Total other, net $34 $55 $26 See Note7 regarding equity method investments and net gains and losses recorded on the sale of investments.

Related-Party Transactions

Related-Party Transactions
	12 Months Ended Dec. 31, 2009 USD / shares
Related-Party Transactions [Abstract]
Related-Party Transactions	Note17: RelatedParty Transactions In the ordinary course of our operations, we enter into transactions with related parties as discussed below. Liberty Media, Liberty Global and Discovery Communications Beginning with Libertys acquisition of its ownership interest in DIRECTV Group from News Corporation on February27, 2008, transactions with Liberty Media Corporation, or Liberty Media, and its affiliates, including its equity method investees, may be considered to be related party transactions. Our transactions with Liberty Media and its affiliates consist primarily of the purchase of programming. Although as a result of the Liberty Transaction, Liberty no longer has any equity interest in DIRECTV, John Malone, Chairman of the Board of Directors of DIRECTV and of Liberty Media, has an approximate 24% voting interest in DIRECTV, an approximate 31% voting interest in Discovery Communications,Inc., or Discovery Communications, and an approximate 40% voting interest in Liberty GlobalInc., or Liberty Global, and serves as Chairman of Liberty Global, and certain of Liberty Medias management and directors also serve as directors of Discovery Communications or Liberty Global. As a result of this common ownership and management, transactions with Discovery Communications and Liberty Global, and their subsidiaries or equity method investees may be considered to be related party transactions. Our transactions with Discovery Communications and Liberty Global consist primarily of purchases of programming created, owned or distributed by Discovery Communications and its subsidiaries and investees. News Corporation and affiliates News Corporation and its affiliates were considered related parties until February27, 2008, when News Corporation transferred its 41% interest in our common stock to Liberty Media. Accordingly, the following contractual arrangements with News Corporation and its affiliates are considered related party transactions and reported through February27, 2008: purchase of programming, products and advertising; license of certain intellectual property, including patents; purchase of system access products, set-top receiver software and support services; sale of advertising space; purchase of employee services; and use of facilities. As discussed below in Note19, during the first quarter of 2008, we received a $160million cash capital contribution, which we recorded as Additional paid-in-capital in the Consolidated Balance Sheets. The majority of payments under contractual arrangements with Liberty Media, Discovery Communications, Liberty Global and News Corporation entities relate to multi-year programming contracts. Payments under these contracts are typically subject to annual rate increases and are based on the number of subscribers receiving the related programming. Other Other related parties include Globo, which provides programming and advertising to Sky Brazil, and companies in which we hold equity method investments, including Sky Mexico. The following table summarizes sales and purchase transactions with related parties: 2009 2008 2007 (Dollars in Millions) Sales: Liberty Media

Segment Reporting

Segment Reporting
	12 Months Ended Dec. 31, 2009 USD / shares
Segment Reporting [Abstract]
Segment Reporting	Note18: Segment Reporting Our three reportable segments, which are differentiated by their products and services as well as geographic location, are DIRECTV U.S. and DIRECTV Latin America, which acquire, promote, sell and distribute digital entertainment programming via satellite to residential and commercial subscribers, and the Sports Networks, Eliminations and Other segment which includes our three regional sports networks that provide programming devoted to local professional sports teams and college sporting events and locally produces its own local programming. Sports Networks, Eliminations and Other also includes the corporate office, eliminations and other entities. Selected information for our operating segments is reported as follows: DIRECTV U. S. DIRECTV Latin America Sports Networks, Eliminations and Other Total (Dollars in millions) 2009 External revenues $18,664 $2,878 $23 $21,565 Intersegment revenues 7 (7) Revenues $18,671 $2,878 $16 $21,565 Operating profit (loss) $2,410 $331 $(68) $2,673 Add: Depreciation and amortization expense 2,275 366 (1) 2,640 Operating profit (loss) before depreciation and amortization (1) $4,685 $697 $(69) $5,313 Segment assets $12,408 $3,772 $2,080 $18,260 Capital expenditures 1,485 584 2 2,071 2008 External revenues $17,310 $2,383 $ $19,693 Intersegment revenues Revenues $17,310 $2,383 $ $19,693 Operating profit (loss) $2,330 $426 $(61) $2,695 Add: Depreciation and amortization expense 2,061 264 (5) 2,320 Operating profit (loss) before depreciation and amortization (1) $4,391 $690 $(66) $5,015 Segment assets $12,546 $3,301 $692 $16,539 Capital expenditures 1,765 447 17 2,229 2007 External revenues $15,527 $1,719 $ $17,246 Intersegment revenues Revenues $15,527 $1,719 $ $17,246 Operating profit (loss) $2,402 $159 $(75) $2,486 Add: Depreciation and amortization expense 1,448 235 1 1,684 Operating profit (loss) before depreciation and amortization (1) $3,850 $394 $(74) $4,170 Segment assets $12,297 $2,456 $310 $15,063 Capital expenditures 2,326 336 30 2,692 (1) Operating profit (loss) before depreciation and amortization, which is a financial measure that is not determined in accordance with GAAP can be calculated by adding amounts under the caption Depreciation and amortization expense to Operating profit (loss). This measure should be used in conjunction with GAAP financial measures and is not presented as an alternative measure of operating results, as determined in accordance with GAAP. Our management and Board of Directors use operating profit (loss) before depreciation and amortization to evaluate the op

Commitments and Contingencies

Commitments and Contingencies
	12 Months Ended Dec. 31, 2009 USD / shares
Commitments and Contingencies [Abstract]
Commitments and Contingencies	Note19: Commitments and Contingencies Commitments At December31, 2009, minimum future commitments under noncancelable operating leases having lease terms in excess of one year were primarily for satellite transponder leases and real property and aggregated $402million, payable as follows: $65million in 2010, $60million in 2011, $58million in 2012, $45million in 2013, $29million in 2014 and $145million thereafter. Certain of these leases contain escalation clauses and renewal or purchase options, which we have not considered in the amounts disclosed. Rental expenses under operating leases were $72million in 2009, $95million in 2008 and $114million in 2007. At December31, 2009, our minimum payments under agreements to purchase broadcast programming, regional professional team rights and the purchase of services that we have outsourced to third parties, such as billing services, and satellite telemetry, tracking and control, satellite launch contracts and broadcast center services aggregated $9,696million, payable as follows: $1,805million in 2010, $1,796million in 2011, $1,909million in 2012, $1,497million in 2013, $1,248million in 2014 and $1,441million thereafter. As of December31, 2009, other long-term obligations totaling $132million are payable approximately as follows: $85million in 2010 and $47million in 2011. These amounts are recorded in Accounts payable and accrued liabilities and Other liabilities and deferred credits in the Consolidated Balance Sheets. Contingencies Puerto Rico Condition In connection with approval by the Federal Communications Commission, or FCC, of the sale of News Corporations interest in DIRECTV Group to Liberty Media in 2008, the FCC imposed certain conditions related to attributable interests in two pay television operations: DIRECTV Puerto Rico and Liberty Cablevision of Puerto RicoLtd. We refer to the FCCs requirements as the Puerto Rico Condition. Because neither News Corporation nor Liberty Media could satisfy the Puerto Rico Condition, in connection with the close of that transaction a Special Committee of independent directors of our Board of Directors approved an agreement with News Corporation and Liberty Media in which we assumed responsibility for the satisfaction, modification or waiver of the Puerto Rico Condition within the one year period specified by the FCC. As part of this agreement, during the first quarter of 2008, we received a $160million cash capital contribution, which we recorded as Additional paid-in-capital in the Consolidated Balance Sheets. In order to comply with terms of the FCC order, effective February25, 2009, we placed the shares of DIRECTV Puerto Rico into a trust and appointed an independent trustee who oversees the management and operation of DIRECTV Puerto Rico, and has the authority, subject to certain conditions, to divest ownership of DIRECTV Puerto Rico. We cannot be sure that the FCC will agree with our view that the trust is sufficient to sever all attributable links between DIRECTV and Liberty, or that it will not require us to undertake further cumbersome and expensive measures to eliminate such attribution. We continue to consolidate the result

Selected Quarterly Data

Selected Quarterly Data
	12 Months Ended Dec. 31, 2009 USD / shares
Selected Quarterly Data [Abstract]
Selected Quarterly Data	Note20: Selected Quarterly Data (Unaudited) The following table presents unaudited selected quarterly data for 2009 and 2008: 1st 2nd 3rd 4th (Dollars in Millions, Except Per Share Amounts) 2009 Quarters Revenues $4,901 $5,218 $5,465 $5,981 Operating profit 424 702 685 862 Income (loss) from continuing operations attributable to DIRECTV 201 407 366 (32) Income from discontinued operations, net of taxes, attributable to DIRECTV Net income attributable to DIRECTV 201 407 366 (32) Basic earnings (loss) per common share from continuing operations 0.20 0.40 0.38 (0.03) Diluted earnings (loss) per common share from continuing operations 0.20 0.40 0.37 (0.03) 2008 Quarters Revenues $4,591 $4,807 $4,981 $5,314 Operating profit 657 801 658 579 Income from continuing operations attributable to DIRECTV 371 455 363 326 Income from discontinued operations, net of taxes, attributable to DIRECTV 6 Net income attributable to DIRECTV 371 455 363 332 Basic earnings per common share from continuing operations 0.32 0.40 0.33 0.31 Diluted earnings per common share from continuing operations 0.32 0.40 0.33 0.31

Schedule I - Condensed Financia

Schedule I - Condensed Financial Information of the Registrant
	12 Months Ended Dec. 31, 2009 USD / shares
Schedule I - Condensed Financial Information of the Registrant [Abstract]
Schedule I - Condensed Financial Information of the Registrant	SCHEDULE ICONDENSED FINANCIAL INFORMATION OF THE REGISTRANT CONDENSED STATEMENTS OF OPERATIONS (Parent Company Only) Years Ended December31, 2009 2008 2007 (Dollars in Millions) Operating costs and expenses General and administrative expenses $80 $68 $87 Operating loss (80) (68) (87) Interest income 14 35 43 Interest expense (3) (3) (3) Equity in net earnings of subsidiaries 2,223 2,430 2,434 Liberty transaction and related charges (384) Other, net (1) (15) (10) Income from continuing operations before income taxes 1,769 2,379 2,377 Income tax expense (827) (864) (943) Income from continuing operations 942 1,515 1,434 Income from discontinued operations, net of taxes 6 17 Net income $942 $1,521 $1,451 CONDENSED BALANCE SHEETS (Parent Company Only) December31, 2009 2008 (Dollars in Millions) ASSETS Current assets Cash and cash equivalents $557 $536 Accounts and interest receivables from subsidiaries 4 30 Deferred income taxes 131 15 Prepaid expenses and other 163 110 Total current assets 855 691 Investments in subsidiaries 3,314 5,134 Other assets 5 67 Total assets $4,174 $5,892 LIABILITIES AND STOCKHOLDERS EQUITY Current liabilities Accounts payable, and accrued liabilities $47 $112 Total current liabilities 47 112 Deferred income taxes 542 424 Other liabilities and deferred credits 274 400 Commitments and contingencies Redeemable noncontrolling interest 400 325 Stockholders equity 2,911 4,631 Total liabilities and stockholders equity $4,174 $5,892 Reference should be made to the Notes to the Condensed Financial Statements. CONDENSED STATEMENTS OF CASH FLOWS (Parent Company Only) Years Ended December31, 2009 2008 2007 (Dollars in Millions) Cash Flows from Operating Activities Net cash used in operating activities $(33) $(16) $(388) Cash Flows from Investing Activities Dividends from, net of investments in, subsidiaries 1,927 3,390 1,259 Cash paid for Liberty transaction, net of cash acquired (153) Cash paid for property and equipment (2) (17) (30) Purchase of short-term investments (588) Sale of short-term investments 748 Other, net 10 6 (5) Net cash provided by investing activities 1,782 3,379 1,384 Cash Flows from Financing Activities Common shares repurchased and retired (1,696) (3,174) (2,025) Capital contribution 160 Stock options exercised 35 105 118 Taxes paid in lieu of shares issued for share-based compensation (72) Excess tax benefit from sharebased compensation 5

Schedule II - Valuation and Qua

Schedule II - Valuation and Qualifying Accounts
	12 Months Ended Dec. 31, 2009 USD / shares
Schedule II - Valuation and Qualifying Accounts [Abstract]
Schedule II - Valuation and Qualifying Accounts	SCHEDULE IIVALUATION AND QUALIFYING ACCOUNTS Description Balance at beginning of year Additions charged to costs and expenses Additions charged to other accounts Deductions Balance at end of year (Dollars in Millions) For the Year Ended December31, 2009 Allowances Deducted from Assets Accounts receivable $(50) $(240) $(238) (a) $472 (b) $(56) For the Year Ended December31, 2008 Allowances Deducted from Assets Accounts receivable $(56) $(210) $(192) (a) $408 (b) $(50) For the Year Ended December31, 2007 Allowances Deducted from Assets Accounts receivable $(46) $(196) $(160) (a) $346 (b) $(56) (a) Primarily reflects the recovery of accounts previously written-off. (b) Primarily relates to accounts written-off.

Document Information

Document Information
	12 Months Ended Dec. 31, 2009 USD / shares
Document Information [Line Items]
Document Type	10-K
Amendment Flag	false
Document Period End Date	2009-12-31

Entity Information

Entity Information (USD $)
	12 Months Ended Dec. 31, 2009	Jun. 30, 2009	Feb. 22, 2010	Feb. 22, 2010
Entity Information [Line Items]
Entity Registrant Name	DIRECTV
Entity Central Index Key	0001465112
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Public Float		$11,041,195,097
Entity Common Stock, Shares Outstanding			913,331,533	21,809,863