Directv (DTV)
CashFlow / TTM
Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10Dec'09Sep'09Jun'09Mar'09
Cash Flows From Operating Activities
Net income (loss)

1,768

2,936

2,775

2,810

2,905

2,756

2,885

3,017

2,879

2,934

2,977

2,752

2,701

2,694

2,636

2,596

2,575

2,420

2,312

1,622

1,506

1,370

1,007

0

0

0

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization expense

2,951

2,959

2,943

2,909

2,862

2,864

2,828

2,743

2,653

2,520

2,437

2,379

2,315

2,333

2,349

2,403

2,465

2,474

2,482

2,492

2,539

2,593

2,640

0

0

0

Venezuelan currency devaluation charge

-

-

281

281

281

281

166

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of deferred revenues and deferred credits

47

47

48

50

51

52

53

61

61

76

75

66

61

43

39

36

37

36

36

37

37

38

48

0

0

0

Share-based compensation expense

112

111

104

91

86

86

100

111

110

116

109

104

108

108

103

98

97

84

82

76

68

58

55

0

0

0

Equity in earnings from unconsolidated affiliates

112

122

133

211

220

210

198

110

113

130

131

133

128

117

109

103

107

94

90

0

0

0

-

-

-

-

Net foreign currency transaction loss (gain)

-162

-124

-87

-83

-8

-52

-52

-44

-37

-41

-34

-36

-106

-45

-50

-42

48

27

11

0

0

0

-

-

-

-

Dividends received

0

0

-

-

-

-

-

-

-

-

-

-

-

-

104

117

108

76

78

0

0

0

-

-

-

-

Net losses (gains) from sale of investments

-

-

19

18

17

3

8

0

0

0

-

-

-

-

63

66

66

29

6

0

0

0

-

-

-

-

Liberty transaction and related gain

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

67

0

0

0

-

-

-

-

Deferred income taxes

146

126

166

458

477

312

323

-162

-159

-65

-102

215

166

296

353

279

456

439

386

416

507

453

441

0

0

0

Excess tax benefit from share-based compensation

32

32

23

23

22

22

24

24

26

26

30

30

28

29

25

0

0

0

-

-

-

-

-

-

-

-

Other

-59

-22

-31

-140

-9

-3

7

82

-57

-68

-85

-97

-84

-61

-53

-35

-62

-99

-66

-147

-83

-41

-48

0

0

0

Change in other operating assets and liabilities:
Accounts receivable

310

189

242

0

0

0

-

-135

118

311

50

405

333

299

524

347

344

387

391

319

93

-43

141

0

0

0

Inventories

98

17

16

0

0

0

-

-

-

211

206

64

10

-27

33

128

138

90

35

0

0

0

-

-

-

-

Prepaid expenses and other

-101

91

81

303

234

74

334

79

67

60

-58

-147

1

31

139

4

56

18

4

84

-88

-80

5

0

0

0

Accounts payable and accrued liabilities

489

400

361

350

252

42

272

36

202

280

370

374

496

456

391

65

193

131

437

205

-81

54

-215

0

0

0

Unearned subscriber revenue and deferred credits

-51

-45

-5

50

31

28

26

41

27

53

28

112

68

68

47

-6

83

80

52

40

20

5

55

0

0

0

Other, net

-315

-262

-160

-185

7

-146

-148

-108

-171

-158

-173

-165

-269

-48

-31

-83

91

74

38

43

-46

-133

-89

0

0

0

Net cash provided by operating activities

6,543

6,415

6,369

6,765

6,448

6,448

6,394

5,856

5,620

5,407

5,634

5,707

5,805

5,639

5,185

4,992

5,116

5,011

5,206

5,058

4,885

4,939

4,431

0

0

0

Cash Flows From Investing Activities
Cash paid for property and equipment

2,774

2,903

2,940

3,145

3,246

3,311

3,409

3,271

3,123

2,955

2,960

2,924

3,045

3,064

2,924

2,816

2,588

2,451

2,303

2,151

2,021

1,955

2,012

0

0

0

Cash paid for satellites

307

327

285

290

292

353

377

434

399

409

389

321

382

273

246

0

0

0

-

-

-

-

-

-

-

-

Investment in companies, net of cash acquired

62

53

47

33

47

67

66

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid for Liberty transaction, net of cash acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

97

0

0

0

Proceeds from sale of investments

-

-

32

147

146

245

257

0

0

0

-

-

-

-

116

120

120

67

9

0

0

0

-

-

-

-

Cash paid for satellites

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

0

Other, net

123

117

123

4

144

156

158

205

66

52

22

-27

-30

-29

-43

-4

-5

10

75

0

0

0

-

-

-

-

Net cash used in investing activities

-3,314

-3,372

-3,363

-3,325

-3,583

-3,642

-3,753

-3,829

-3,467

-3,395

-3,363

-3,198

-3,397

-3,264

-3,022

-3,489

-3,182

-3,147

-3,099

-2,407

-2,276

-2,148

-2,194

0

0

0

Cash Flows From Financing Activities
Issuance of commercial paper (maturity 90 days or less), net

-

-

-

-

-25

-240

-155

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from short-term borrowings

-

-

301

415

542

562

556

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of short-term borrowings

-

-

501

603

532

606

559

0

0

0

-

-

-

-

39

0

0

0

-

-

-

-

-

-

-

-

Proceeds from borrowings under revolving credit facility

-

-

-

-

-

-

-

-

-

-

400

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of borrowings under revolving credit facility

-

-

-

-

-

-

-

-

-

-

400

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from long-term debt

1,341

1,407

2,650

2,021

1,983

2,567

2,099

1,484

2,639

1,986

5,190

5,190

3,996

3,996

3,990

0

0

0

-

-

-

-

-

-

-

-

Cash proceeds from debt issuance

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

Debt issuance costs

-

-

14

11

12

14

12

9

18

17

36

35

25

25

30

0

0

0

-

-

-

0

-

-

-

-

Repayment of long-term debt

1,295

2,281

1,066

0

0

0

-

-

-

-

-

-

-

-

1,000

1,000

2,220

1,651

2,323

2,680

2,073

2,013

1,018

0

0

0

Repayment of other long-term obligations

86

83

69

65

65

60

63

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Common shares repurchased and retired

-

-

1,386

2,158

3,418

3,517

4,000

4,575

4,531

5,293

5,175

4,958

5,195

5,351

5,496

5,916

5,835

6,050

5,111

3,644

3,215

1,816

1,696

0

0

0

Stock options exercised

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

35

0

0

0

Prepayment of accelerated share repurchase

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Taxes paid in lieu of shares issued for share-based compensation

68

67

60

58

57

57

61

64

70

70

61

61

55

57

58

81

91

241

118

0

0

0

-

-

-

-

Excess tax benefit from share-based compensation

32

32

23

23

22

22

24

24

26

26

30

30

28

29

25

27

27

26

11

9

9

5

5

0

0

0

Repayment of collar loan and equity collars

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,537

0

0

0

-

-

-

-

Other, net

-

-

-67

0

0

0

-

-

-

-

-

-

-

0

-

-204

-221

-217

-127

-125

-120

-118

-116

0

0

0

Net cash used in financing activities

-350

-1,706

-168

-1,781

-2,624

-1,155

-2,176

-2,639

-1,733

-4,672

-1,242

-1,385

-2,804

-2,144

-2,792

-3,194

-1,406

-1,057

-3,210

-2,956

-2,881

-1,408

-1,637

0

0

0

Effect of exchange rate changes on Venezuelan cash and cash equivalents

-

-

-383

-383

-316

-316

-187

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase (decrease) in cash and cash equivalents

2,183

1,270

2,455

1,276

-75

1,335

278

-799

233

-2,847

1,029

1,124

-396

231

-629

-1,691

528

807

-1,103

-305

-272

1,383

600

0

0

0

Supplemental Cash Flow Information
Cash paid for interest

885

876

886

842

864

843

840

855

793

851

781

835

754

778

687

722

563

588

460

438

418

374

412

0

0

0

Cash paid for income taxes

1,130

1,478

1,513

1,578

1,544

1,469

1,479

1,560

1,549

1,387

1,406

1,070

1,058

1,078

1,042

957

866

764

705

774

710

460

484

0

0

0