DIRECTV 2004 Annual Report Download - page 129

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THE DIRECTV GROUP, INC.
SCHEDULE II—VALUATION AND QUALIFYING ACCOUNTS
Description
Balance
at
beginnin
g
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, 2004
Allowances Deducted from Assets
Accounts and notes receivable (for doubtful receivables)
$
(112.7
)
$
(207.9
)
$
(77.9
)(a)
$
276.8
(b)
$
(121.7
)
Inventories (principally for obsolescence of service parts)
(33.3
)
(0.1
)
—
33.2
(c)
(0.2
)
Total Allowances Deducted from Assets
$
(146.0
)
$
(208.0
)
$
(77.9
)
$
310.0
$
(121.9
)
For the Year Ended December 31, 2003
Allowances Deducted from Assets
Accounts and notes receivable (for doubtful receivables)
$
(91.0
)
$
(181.7
)
$
(80.9
)(a)
$
240.9
(b)
$
(112.7
)
Inventories (principally for obsolescence of service parts)
(34.5
)
(6.7
)
—
7.9
(c)
(33.3
)
Total Allowances Deducted from Assets
$
(125.5
)
$
(188.4
)
$
(80.9
)
$
248.8
$
(146.0
)
For the Year Ended December 31, 2002
Allowances Deducted from Assets
Accounts and notes receivable (for doubtful receivables)
$
(98.6
)
$
(151.5
)
$
(70.7
)(a)
$
229.8
(b)
$
(91.0
)
Inventories (principally for obsolescence of service parts)
(27.1
)
(14.5
)
(1.9
)(d)
9.0
(c)
(34.5
)
Total Allowances Deducted from Assets
$
(125.7
)
$
(166.0
)
$
(72.6
)
$
238.8
$
(125.5
)
(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 and reclassification of amount at HNS to “Assets of businesses held for sale.”
(d)
Primarily relates to purchase accounting adjustments.
Reference should be made to the Notes to the Consolidated Financial Statements.
119