DIRECTV 2002 Annual Report Download - page 114

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HUGHES ELECTRONICS CORPORATION
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS — (continued)
Selected information for Hughes’ operating segments are reported as follows:
Direct-To-Home
Broadcast
Satellite
Services
Network
Systems Other Eliminations Total
(Dollars in Millions)
2002
External Revenues ........ $7,170.0 $ 647.3 $1,065.7 $ 51.9 — $ 8,934.9
Intersegment Revenues .... 23.3 165.0 104.2 0.4 $(292.9) —
Total Revenues .......... $7,193.3 $ 812.3 $1,169.9 $ 52.3 $(292.9) $ 8,934.9
Operating Profit (Loss) ..... $ (505.2) $ 255.9 $ (160.7) $ 3.3 $ 7.6 $ (399.1)
EBITDA(1) .............. 160.8 591.6 (87.0) 6.7 (4.1) 668.0
Depreciation and
Amortization ........... 666.0 335.7 73.7 3.5 (11.8) 1,067.1
Goodwill, net ............. 2,888.5 2,238.7 2.4 645.6 — 5,775.2
Intangible Assets, net ..... 623.7 — — 21.0 — 644.7
Segment Assets .......... 7,957.2 6,487.7 2,526.9 974.8 (61.5) 17,885.1
Capital Expenditures ...... 524.1 294.3 400.4 0.1 79.2 1,298.1
2001
External Revenues ........ $6,285.4 $ 709.0 $1,229.6 $ 40.0 — $ 8,264.0
Intersegment Revenues .... 21.0 161.1 96.2 0.3 $(278.6) —
Total Revenues .......... $6,306.4 $ 870.1 $1,325.8 $ 40.3 $(278.6) $ 8,264.0
Operating Profit (Loss) ..... $ (749.9) $ 165.3 $ (171.8) $ (34.5) $ 33.1 $ (757.8)
EBITDA(1) .............. (74.8) 580.0 (111.8) (11.5) 8.0 389.9
Depreciation and
Amortization ........... 675.1 414.7 60.0 23.0 (25.1) 1,147.7
Goodwill, net ............. 3,593.3 2,238.7 18.9 645.7 — 6,496.6
Intangible Assets, net ..... 656.5 — — 3.7 — 660.2
Segment Assets .......... 9,484.1 6,296.8 2,339.1 1,199.0 (108.9) 19,210.1
Capital Expenditures ...... 734.3 338.2 664.6 0.4 6.0 1,743.5
2000
External Revenues ........ $5,208.6 $ 880.2 $1,176.7 $ 22.1 — $ 7,287.6
Intersegment Revenues .... 29.4 143.4 233.1 5.2 $(411.1) —
Total Revenues .......... $5,238.0 $1,023.6 $1,409.8 $ 27.3 $(411.1) $ 7,287.6
Operating Profit (Loss) ..... $ (557.9) $ 356.6 $ (63.5) $ (67.9) $ (21.4) $ (354.1)
EBITDA(1) .............. (24.5) 694.0 0.1 (46.7) (28.9) 594.0
Depreciation and
Amortization ........... 533.4 337.4 63.6 21.2 (7.5) 948.1
Goodwill, net ............. 3,432.4 2,303.6 41.6 663.2 — 6,440.8
Intangible Assets, net ..... 707.5 — — 3.0 — 710.5
Segment Assets .......... 9,278.3 6,178.4 1,789.9 2,154.0 (121.3) 19,279.3
Capital Expenditures ...... 913.5 449.5 369.5 0.6 (17.0) 1,716.1
(1) EBITDA is defined as operating profit (loss), plus depreciation and amortization. EBITDA is not
presented as an alternative measure of operating results or cash flow from operations, as
determined in accordance with accounting principles generally accepted in the United States of
America. Hughes management uses EBITDA to evaluate the operating performance of Hughes
104