DIRECTV 2005 Annual Report Download - page 97

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THE DIRECTV GROUP, INC.
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS —(continued)
The following table sets forth the amounts recorded for intangible assets at December 31:
December 31, 2005 December 31, 2004
Estimated
Useful Lives Gross Accumulated Net Gross Accumulated Net
(years) Amount Amortization Amount Amount Amortization Amount
(Dollars in Millions)
Orbital slots .............. Indefinite $ 463.0 $ 30.6 $ 432.4 $ 463.0 $ 30.6 $ 432.4
72.5 WL Orbital license ...... 4 162.6 54.4 108.2 162.6 15.1 147.5
Subscriber related .......... 5-10 1,340.1 348.7 991.4 1,336.8 93.9 1,242.9
Dealer network ............ 15 130.0 53.1 76.9 130.0 43.8 86.2
Distribution rights .......... 7 334.1 74.8 259.3 334.1 27.5 306.6
Intangible pension asset ...... — 9.8 — 9.8 11.5 — 11.5
Total Intangible Assets ....... $2,439.6 $561.6 $1,878.0 $2,438.0 $210.9 $2,227.1
Amortization expense of intangible assets was $350.7 million in 2005 and $167.6 million in 2004
and $74.0 million in 2003.
Estimated amortization expense for intangible assets in each of the next five years and thereafter is
as follows: $350.9 million in 2006; $350.9 million in 2007; $341.0 million in 2008; $248.1 million in 2009;
$89.0 million in 2010 and $55.9 million thereafter.
Note 7: Investments
Investments in marketable equity and debt securities stated at current fair value and classified as
available-for-sale were as follows:
December 31,
2005 2004
(Dollars in Millions)
Marketable equity securities ................................ $71.2 $ 60.2
Marketable debt securities .................................. — 112.9
Total ................................................. $71.2 $173.1
We recorded $23.1 million in 2005, $22.0 million in 2004 and $273.9 million in 2003 of
accumulated unrealized gains, net of taxes, as part of accumulated other comprehensive income.
We have investments in companies that we accounted for under the equity method of accounting
totaling $110.6 million in 2005 and $31.2 million in 2004.
See Note 15 for additional information regarding our sale of investments.
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