DIRECTV 2002 Annual Report Download - page 132

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HUGHES ELECTRONICS CORPORATION
SCHEDULE II — VALUATION 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 December 31, 2002
Allowances Deducted from Assets
Accounts and notes receivable (for
doubtful receivables) ................ $(113.6) $(161.2) $(70.7)a $243.1b $(102.4)
Net investment in sales-type leases (for
doubtful receivables) ................ (5.7) (5.0) — — (10.7)
Inventories (principally for obsolescence of
serviceparts) ...................... (27.1) (14.5) (1.9)d 9.0c (34.5)
Total Allowances Deducted from
Assets ........................ $(146.4) $(180.7) $(72.6) $252.1 $(147.6)
For the Year Ended December 31, 2001
Allowances Deducted from Assets
Accounts and notes receivable (for
doubtful receivables) ................ $ (88.3) $(188.8) $(72.4)a $235.9b $(113.6)
Net investment in sales-type leases (for
doubtful receivables) ................ (10.3) — — 4.6b (5.7)
Inventories (principally for obsolescence of
serviceparts) ...................... (34.8) (7.6) — 15.3c (27.1)
Total Allowances Deducted from
Assets ........................ $(133.4) $(196.4) $(72.4) $255.8 $(146.4)
For the Year Ended December 31, 2000
Allowances Deducted from Assets
Accounts and notes receivable (for
doubtful receivables) ................ $ (92.9) $(207.9) $(77.9)a $290.4b $ (88.3)
Net investment in sales-type leases (for
doubtful receivables) ................ (10.3) — — — (10.3)
Inventories (principally for obsolescence of
serviceparts) ...................... (113.5) (26.0) — 104.7c (34.8)
Total Allowances Deducted from
Assets ........................ $(216.7) $(233.9) $(77.9) $395.1 $(133.4)
a. Primarily reflects the recovery of accounts previously written-off and increases resulting from
acquisitions.
b. Primarily relates to accounts written-off.
c. Relates to obsolete parts and/or discontinued product lines written-off and reduction in reserves
based on physical inventory adjustments.
d. Primarily relates to purchase accounting adjustments.
Reference should be made to the Notes to the Consolidated Financial Statements.
122