DIRECTV 2002 Annual Report Download - page 2

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DIRECTV U.S.
(100% owned by HUGHES)
• Largest digital multi-channel service provider in U.S.
with 11.2 million customers as of year-end 2002
• Increased revenue 16% to $6.4 billion and EBITDA
more than tripled to $564 million in 2002
• Increased owned and operated customer base by
approximately 12% while adding 1.05 million net
owned and operated customers in 2002
• Highest average monthly video revenue in the U.S.
multi-channel entertainment industry with $59.80 per
customer in 2002
• Ranked “#1 in Customer Satisfaction Among Satellite
and Cable TV Subscribers” by J.D. Power and
Associates in 2002
• Broadcasts all of the local channels in 51 top markets,
representing 67% of U.S. television households as of
year-end 2002
• Distributes over 800 digital channels of programming,
expanding to more than 1,100 channels with the
successful launch of the DIRECTV 7S satellite in the
fourth quarter of 2003
PanAmSat
(81% owned by HUGHES)
• Leading global provider of commercial satellite-based
video and data broadcast services with a fleet of
21 in-orbit satellites that includes approximately 913 36-
megahertz equivalent transponders, capable of reaching
98% of the world’s population as of year-end 2002
• Satellites serving the U.S. deliver more than 100 of the
leading cable television channels to approximately 69
million cable households
• Improved EBITDA margin by over 6 percentage points
to 72.8% in 2002; had a backlog of approximately
$5.55 billion primarily from blue-chip customers as of
year-end 2002
• Completed its $2.0 billion satellite fleet modernization
program, which added approximately 400
36-megahertz equivalent transponders to its fleet
Hughes Network Systems
(100% owned by HUGHES)
• Global satellite-based broadband leader with its
DIRECWAY®products and services
- Enterprise market leader with base of more than
400,000 very small aperture terminals (VSATs)
shipped or ordered in 85 countries
- Residential satellite-based broadband leader with nearly
158,000 residential subscribers as of year-end 2002
• A leading manufacturer of DIRECTV®receiving
equipment – shipped 10 millionth unit in 2002
- Began shipping new low-cost DIRECTV digital
video recorder (DVR) in 2002
• Developing SPACEWAY®, the next-generation
satellite broadband platform, which is anticipated to
begin service in North America by mid-2004
DIRECTV Latin America
(75% owned by HUGHES)
• Largest digital multi-channel service provider in Latin
America with approximately 1.6 million customers in
28 markets as of year-end 2002
• Average monthly revenue per customer of about $35,
with approximately $27 generated from monthly
programming subscriptions and the remainder derived
from fees associated with leased equipment, in 2002
• Implemented cost and capital expenditure reductions
resulting in cash savings of approximately $290 million
in 2002
• Offers interactive services, including e-mail,
e-commerce, real-time weather, games and banking
applications to several key countries in the region