DIRECTV 2002 Annual Report Download - page 116

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HUGHES ELECTRONICS CORPORATION
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS — (continued)
The following table presents revenues earned from customers located in different geographic
areas. Property is grouped by its physical location. All satellites are reported as United States assets.
2002 2001 2000
Total
Revenues
Net Property
& Satellites
Total
Revenues
Net Property
& Satellites
Total
Revenues
Net Property
& Satellites
(Dollars in Millions)
North America
UnitedStates ............ $7,549.1 $6,401.0 $6,688.7 $6,331.2 $6,008.2 $5,577.3
Canada and Mexico ...... 208.5 196.7 206.8 207.4 198.8 89.3
TotalNorthAmerica .... 7,757.6 6,597.7 6,895.5 6,538.6 6,207.0 5,666.6
Europe
United Kingdom .......... 167.9 7.3 143.2 8.3 114.7 5.6
Other .................. 21.4 0.3 64.3 0.4 19.7 0.4
TotalEurope .......... 189.3 7.6 207.5 8.7 134.4 6.0
South America and the
Caribbean
Brazil .................. 207.9 149.9 247.0 220.0 285.4 234.3
Argentina ............... 88.8 126.5 156.2 171.2 97.6 3.8
Other .................. 340.1 28.3 321.3 34.2 184.7 8.3
Total South America and
the Caribbean ........ 636.8 304.7 724.5 425.4 567.7 246.4
Asia
Japan .................. 13.7 — 21.1 0.5 34.5 0.6
India ................... 76.5 27.3 93.5 29.3 81.1 16.4
China .................. 21.2 1.2 32.7 0.5 35.1 0.7
Other .................. 140.6 1.4 141.4 0.9 139.4 0.9
TotalAsia ............. 252.0 29.9 288.7 31.2 290.1 18.6
TotalMiddleEast .......... 21.2 — 24.0 0.1 14.0 —
TotalAfrica ............... 78.0 0.1 123.8 0.4 74.4 0.2
Total ................. $8,934.9 $6,940.0 $8,264.0 $7,004.4 $7,287.6 $5,937.8
Note 21: Commitments and Contingencies
Litigation
In connection with the 2000 sale by Hughes of its satellite systems manufacturing businesses to
Boeing, the stock purchase agreement provides for potential adjustment to the purchase price based
upon the final closing date financial statements of the satellite systems manufacturing businesses. The
stock purchase agreement also provides for a dispute resolution process to resolve any disputes that
arise in determining the purchase price adjustment. Based upon the final closing date financial
statements of the satellite systems manufacturing businesses that were prepared by Hughes, Boeing is
owed a purchase price adjustment of $164 million plus interest at a rate of 9.5% from the date of sale,
the total amount of which has been provided for in Hughes’ consolidated financial statements.
However, Boeing has submitted additional proposed adjustments, which are being resolved through
106