|
|
 | | | |
- close
- close
- close
- close
| |||||||||
This excerpt taken from the DTV 10-K filed Mar 1, 2005. Satellite Systems Manufacturing Businesses
Pursuant to a settlement agreement executed on July 15, 2003 related to the purchase price adjustment dispute arising from the 2000 sale of our satellite systems manufacturing businesses to The Boeing Company, or Boeing, we recorded an after-tax charge of $6.3 million to discontinued operations during the quarter ended June 30, 2003. On July 18, 2003, we paid the $360 million settlement amount to Boeing, which is included in “Net cash used in discontinued operations” in the Consolidated Statements of Cash Flows.
We included the after-tax charge of $6.3 million resulting from the settlement with Boeing discussed above in “Income (loss) from discontinued operations, net of taxes” in the Consolidated Statements of Operations for the year ended December 31, 2003. We present the net cash flows used by DIRECTV Broadband and the $360 million settlement payment to Boeing in 2003 in the Consolidated Statements of Cash Flows as “Net cash used in discontinued operations.”
“Income (loss) from discontinued operations, net of taxes,” as reported in the Consolidated Statements of Operations, is comprised of the following:
74
THE DIRECTV GROUP, INC.
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS — (continued)
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||
