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DTV » Topics » Note 4: Property and Satellites, Net

This excerpt taken from the DTV 10-K filed Mar 1, 2005.

Note 4: Property and Satellites, Net

 

The following table sets forth the amounts recorded for property and satellites, net, at December 31:

 

     Estimated
Useful Lives
(years)
    2004
    2003
          (Dollars in Millions)

Land and improvements

    9-30    $ 25.7    $ 41.4

Buildings and leasehold improvements

    1-40      174.9      237.3

Machinery and equipment

    3-24      1,598.3      1,833.0

Customer leased set-top receivers

    4-5      1,018.4      1,172.2

Furniture, fixtures and office machines

    3-15      98.6      119.4

Construction in progress

    —      178.9      489.5
         
  

Total

           3,094.8      3,892.8

Less accumulated depreciation

           1,959.7      2,101.2
         
  

Property, net

         $ 1,135.1    $ 1,791.6
         
  

Satellites

    12-16    $ 1,265.1    $ 1,290.3

Satellites under construction

    —      714.4      1,545.4
         
  

Total

           1,979.5      2,835.7

Less accumulated depreciation

           419.1      427.5
         
  

Satellites, net

         $ 1,560.4    $ 2,408.2
         
  

 

We capitalized interest costs of $101.2 million, $120.0 million and $87.7 million during 2004, 2003 and 2002, respectively, as part of the cost of our property and satellites under construction.

 

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