DIRECTV 2012 Annual Report Download - page 118

DIRECTV
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS—(continued)
The following table sets forth capital expenditures and segment assets for each Note 21: Commitments and Contingencies
of our reporting segments: Commitments
Years Ended and As of December 31, At December 31, 2012, minimum future commitments under noncancelable
2012 2011 2010 operating leases having lease terms in excess of one year were primarily for real
Capital Segment Capital Segment Capital Segment property and aggregated $978 million, payable as follows: $94 million in 2013, $88
Expenditures Assets Expenditures Assets Expenditures Assets million in 2014, $86 million in 2015, $88 million in 2016, $86 million in 2017
(Dollars in Millions) and $536 million thereafter. Certain of these leases contain escalation clauses and
DIRECTV U.S. . . . $1,741 $12,490 $1,736 $11,796 $1,557 $11,400 renewal or purchase options, which we have not considered in the amounts
Sky Brasil ........ 812 2,951 902 2,663 468 2,566 disclosed. Rental expenses under operating leases were $118 million in 2012, $99
PanAmericana ..... 786 3,335 526 2,601 389 2,130 million in 2011 and $78 million in 2010.
DIRECTV Latin At December 31, 2012, our minimum payments under agreements to purchase
America ..... 1,598 6,286 1,428 5,264 857 4,696 broadcast programming, regional professional team rights and the purchase of
Sports Networks, services that we have outsourced to third parties, such as billing services, and
Eliminations and satellite telemetry, tracking and control, satellite launch contracts and broadcast
Other ........ 10 1,779 6 1,363 2 1,813 center services aggregated $7,079 million, payable as follows: $2,186 million in
2013, $1,947 million in 2014, $1,145 million in 2015, $433 million in 2016,
Total ........... $3,349 $20,555 $3,170 $18,423 $2,416 $17,909
$375 million in 2017 and $993 million thereafter.
The following table sets forth revenues earned from subscribers located in
Satellite Commitments
different geographic areas. Property is grouped by its physical location.
DIRECTV U.S. has entered into contracts for the construction and launch of
Years Ended and As of December 31, two new satellites: D14, which we expect to launch in the first quarter of 2014 and
2012 2011 2010 D15, which we expect to launch in the fourth quarter of 2014. D14 and D15 are
Net Property Net Property Net Property expected to provide additional HD, replacement, and backup capacity for
Revenues & Satellites Revenues & Satellites Revenues & Satellites
DIRECTV U.S. Additionally, DIRECTV Latin America has entered into a contract
(Dollars in Millions)
for the lease of two additional satellites for PanAmericana: ISDLA-1, which we
United States .....$23,678 $5,694 $22,310 $5,267 $20,684 $4,987
expect to launch in the fourth quarter of 2014 and ISDLA-2, which we expect to
Latin America and
the Caribbean launch in the fourth quarter of 2015. ISDLA-1 will become the primary satellite
Brazil ......... 3,501 1,626 3,020 1,423 2,013 1,060 for PanAmericana with a substantial increase in channel capacity from the current
Other ........ 2,561 1,075 1,896 748 1,405 632 satellite, and ISDLA-2 is expected to serve as an in-orbit spare for ISDLA-1. As a
part of the lease agreement for ISDLA-1 and ISDLA-2, which we expect to account
Total Latin
America and for as a capital lease, we are required to make prepayments prior to the launch of
the the satellites and commencement of the lease. Prepayments related to this agreement
Caribbean . . 6,062 2,701 4,916 2,171 3,418 1,692 totaled $128 million for the year ended December 31, 2012 and $104 million for
the year ended December 31, 2011, and are included as ‘‘Cash paid for satellites’’
Total .........$29,740 $8,395 $27,226 $7,438 $24,102 $6,679
in the Consolidated Statements of Cash Flows.
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