DIRECTV 2003 Annual Report Download - page 129

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THE DIRECTV GROUP, INC.
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, 2003
Allowances Deducted from Assets
Accounts and notes receivable (for doubtful
receivables) .......................... $(102.4) $(181.9) $(80.9)(a) $243.3(b) $(121.9)
Net investment in sales-type leases (for
doubtful receivables) ................... (10.7) — — 1.8(b) (8.9)
Inventories (principally for obsolescence of
service parts) ......................... (34.5) (6.7) — 7.9(c) (33.3)
Total Allowances Deducted from
Assets .......................... $(147.6) $(188.6) $(80.9) $253.0 $(164.1)
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) $243.1(b) $(102.4)
Net investment in sales-type leases (for
doubtful receivables) ................... (5.7) (5.0) — — (10.7)
Inventories (principally for obsolescence of
service parts) ......................... (27.1) (14.5) (1.9)(d) 9.0(c) (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) $235.9(b) $(113.6)
Net investment in sales-type leases (for
doubtful receivables) ................... (10.3) — — 4.6(b) (5.7)
Inventories (principally for obsolescence of
service parts) ......................... (34.8) (7.6) — 15.3(c) (27.1)
Total Allowances Deducted from
Assets .......................... $(133.4) $(196.4) $(72.4) $255.8 $(146.4)
(a) Primarily reflects the recovery of accounts previously written-off and increases resulting from acquisitions
or consolidation of LOCs previously accounted for under the equity method.
(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