DIRECTV 2011 Annual Report Download - page 96

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DIRECTV
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS—(continued)
Note 5: Accounts Receivable, Net Note 6: Satellites, Net and Property and Equipment, Net
The following table sets forth the amounts recorded for ‘‘Accounts receivable, The following table sets forth the amounts recorded for ‘‘Satellites, net’’ and
net’’ in our Consolidated Balance Sheets as of December 31: ‘‘Property and equipment, net’’ in our Consolidated Balance Sheets at
December 31:
2011 2010
(Dollars in Millions) Estimated
Useful Lives
Subscriber .................................. $1,639 $1,302 (years) 2011 2010
Telco ..................................... 512 362 (Dollars in Millions)
Trade and other .............................. 402 413 Satellites ........................... 10-16 $ 3,206 $ 3,233
Total ..................................... 2,553 2,077 Satellites under construction .............. — 302 70
Less: Allowance for doubtful accounts ................ (79) (76) Total ............................. 3,508 3,303
Accounts receivable, net ....................... $2,474 $2,001 Less: Accumulated depreciation ............ (1,293) (1,068)
Satellites, net ...................... $ 2,215 $ 2,235
Land and improvements ................ 9-30 $ 44 $ 43
Buildings and leasehold improvements ....... 2-40 406 365
Machinery and equipment ............... 2-23 1,968 1,923
Capitalized software ................... 3 2,177 1,889
Subscriber leased set-top equipment ......... 3-7 8,105 6,971
Construction in-progress ................ — 418 290
Total ............................. 13,118 11,481
Less: Accumulated depreciation ............ (7,895) (7,037)
Property and equipment, net ........... $ 5,223 $ 4,444
We capitalized interest costs of $13 million in 2011, $6 million in 2010 and
$18 million in 2009 as part of the cost of our property and satellites under
construction. Depreciation expense, including amortization of property and
equipment and satellites held under capital leases, was $2,213 million in 2011,
$2,292 million in 2010 and $2,287 million in 2009.
72