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This excerpt taken from the DTV 10-Q filed May 7, 2008. Note 9: Stockholders' Equity Share Repurchase Program During 2007 and 2008 our Board of Directors approved multiple authorizations for the repurchase of our common stock, including a $1 billion authorization in January 2008. The authorization allows 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 is our existing cash on hand and cash from operations. 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 during the periods presented:
For the three months ended March 31, 2008, we recorded the $170 million in repurchases as a decrease of $57 million to "Common stock and additional paid in capital" and an increase of 14 THE DIRECTV GROUP, INC. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS—(continued) $113 million to "Accumulated deficit" in the Consolidated Balance Sheets. We paid for $10 million of the $170 million in repurchases during the first quarter of 2008 in April 2008. We paid for $32 million of the $133 million in repurchases during the first quarter of 2007 in April 2007. Accumulated Other Comprehensive Loss
Other Comprehensive Income Total comprehensive income was as follows:
This excerpt taken from the DTV 10-Q filed Nov 7, 2007. Note 11: Stockholders' Equity Share Repurchase Program On February 7, 2006, our Board of Directors authorized a $3 billion share repurchase program which we completed in February 2007. On February 27, 2007, our Board of Directors authorized the repurchase of an additional $1 billion of our common stock which we completed in August 2007. On August 8, 2007, our Board of Directors authorized the repurchase of an additional $1 billion of our common stock. The source of funds for the purchases is our existing cash on hand and cash from operations. The following table sets forth information regarding shares repurchased and retired during the periods presented:
For the nine months ended September 30, 2007, we recorded the $1,546 million in repurchases as a decrease of $539 million to "Common stock and additional paid in capital" and an increase of $1,007 million to "Accumulated deficit" in the Consolidated Balance Sheets. 16 Accumulated Other Comprehensive Loss The following table sets forth the components of "Accumulated other comprehensive loss" in the Consolidated Balance Sheets for the periods presented:
Other Comprehensive Income Total comprehensive income was as follows for the periods presented:
This excerpt taken from the DTV 10-Q filed Aug 9, 2007. Note 11: Stockholders' Equity Share Repurchase Program On February 7, 2006, our Board of Directors authorized a $3 billion share repurchase program which we completed in February 2007. On February 27, 2007, our Board of Directors authorized the repurchase of an additional $1 billion of our common stock which we completed in August 2007. We used available cash and cash equivalents to repurchase all shares under the repurchase programs. On August 8, 2007, our Board of Directors authorized the repurchase of an additional $1 billion of our 15 common stock. The source of funds for the purchases is our existing cash on hand and cash from operations. The following table sets forth information regarding shares repurchased and retired during the periods presented:
For the six months ended June 30, 2007, we recorded the $737 million in repurchases as a decrease of $254 million to "Common stock and additional paid in capital" and an increase of $483 million to "Accumulated deficit" in the Consolidated Balance Sheets. We paid $40 million of the $737 million in repurchases during the first half of 2007 in July 2007. We paid $14 million of the $2,696 million in repurchases during the first half of 2006 in July 2006. Accumulated Other Comprehensive Loss The following table sets forth the components of "Accumulated other comprehensive loss" in the Consolidated Balance Sheets for the periods presented:
16 Other Comprehensive Income Total comprehensive income was as follows for the periods presented:
This excerpt taken from the DTV 10-Q filed May 10, 2007. Note 11: Stockholders' Equity Share Repurchase Program On February 7, 2006, our Board of Directors authorized a share repurchase program which was implemented on February 10, 2006 and completed in February 2007. Under the repurchase program, we were authorized to repurchase up to $3.0 billion of our common stock. On February 27, 2007, our Board of Directors authorized the repurchase of an additional $1.0 billion of our common stock. The source of funds for the purchases is our existing cash on hand and cash from operations. 14 The following table sets forth information regarding shares repurchased and retired during the periods presented:
For the three months ended March 31, 2007, we recorded the $132.5 million in repurchases as a decrease of $46.5 million to "Common stock and additional paid in capital" and an increase of $86.0 million to "Accumulated deficit" in the Consolidated Balance Sheets. We paid for $31.8 million of the $132.5 million in repurchases during the first quarter of 2007 in April 2007. We paid for $20.8 million of the $1,800.1 million in repurchases during the first quarter of 2006 in April 2006. Accumulated Other Comprehensive Loss
Other Comprehensive Income Total comprehensive income was as follows:
15 This excerpt taken from the DTV 10-K filed Mar 1, 2007. Note 12: Stockholders' Equity Capital Stock and Additional Paid-In Capital We are a publicly-traded company with our common stock listed as "DTV" on the New York Stock Exchange. Our certificate of incorporation provides for the following capital stock: common stock, par value $0.01 per share, 3,000,000,000 shares authorized; Class B common stock, par value $0.01 per share, 275,000,000 shares authorized; excess stock, par value $0.01 per share, 800,000,000 shares authorized; and preferred stock, par value $0.01 per share, 9,000,000 shares authorized. As of December 31, 2006 and 2005, there were no shares outstanding of the Class B common stock, excess stock or preferred stock. 95 Share Repurchase Program On February 7, 2006, our Board of Directors authorized a share repurchase program which was implemented on February 10, 2006 and completed in February 2007. Under the repurchase program, we were authorized to spend up to $3.0 billion to repurchase outstanding shares of our common stock. On February 27, 2007, our Board of Directors authorized the repurchase of an additional $1.0 billion of our common stock. This program may be suspended or discontinued at any time. The source of funds for the purchases is our existing cash on hand and cash from operations. 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. Through December 31, 2006, we repurchased 184.1 million shares for $2.98 billion, at an average price of $16.16 per share, resulting in a decrease in Stockholders' Equity. The $2.98 billion decrease in Stockholders' Equity was recorded as a decrease of $1,452.5 million to "Common stock and additional paid in capital" and an increase of $1,524.6 million to "Accumulated deficit" in the Consolidated Balance Sheets during the year ended December 31, 2006. Other Comprehensive Income The following represents the components of OCI, net of taxes, for the years ended December 31:
96 Accumulated Other Comprehensive Loss The following represent the components of accumulated other comprehensive income as of December 31:
We recorded a $46.4 million charge to "Accumulated Other Comprehensive Loss" in our Consolidated Balance Sheets as of December 31, 2006 for the initial adoption of SFAS No. 158. See Note 2 for additional information regarding our adoption of SFAS No. 158. This excerpt taken from the DTV 10-Q filed Nov 9, 2006. Note 13: Stockholders' Equity Share Repurchase Program On February 7, 2006, our Board of Directors authorized a share repurchase program. Under the repurchase program, we are authorized to spend up to $3.0 billion to repurchase outstanding shares of our common stock. The source of funds for the purchases is from our available cash and cash from operations. We implemented the repurchase program on February 10, 2006. There is no fixed termination date for the repurchase program and purchases may be made in the open market, through block trades and other negotiated transactions. The program may be suspended, discontinued or accelerated at any time. Repurchased shares are retired but remain authorized for registration and issuance in the future. Through September 30, 2006, we have repurchased approximately 182.7 million shares for approximately $2.95 billion, at an average price of $16.12 per share, resulting in a decrease in Stockholders' Equity. The $2.95 billion decrease in Stockholders' Equity was recorded as a decrease of $1,441.5 million to "Common stock and additional paid in capital" and an increase of $1,505.1 million to "Accumulated deficit" in the Consolidated Balance Sheets during the nine months ended September 30, 2006. Accumulated Other Comprehensive Loss
21 Other Comprehensive Income Total comprehensive income was as follows:
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