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58 AT&T Inc.
Consolidated Balance Sheets
Dollars in millions except per share amounts
December 31,
2011 2010
Assets
Current Assets
Cash and cash equivalents $ 3,185 $ 1,437
Accounts receivable – net of allowances for doubtful accounts of $878 and $957 13,606 13,610
Prepaid expenses 1,155 1,458
Deferred income taxes 1,470 1,170
Other current assets 3,611 3,179
Total current assets 23,027 20,854
Property, Plant and Equipment – Net 107,087 103,196
Goodwill 70,842 73,601
Licenses 51,374 50,372
Customer Lists and Relationships – Net 2,757 4,708
Other Intangible Assets – Net 5,212 5,440
Investments in Equity Affiliates 3,718 4,515
Other Assets 6,327 6,705
Total Assets $270,344 $269,391
Liabilities and Stockholders’ Equity
Current Liabilities
Debt maturing within one year $ 3,453 $ 7,196
Accounts payable and accrued liabilities 19,858 20,055
Advanced billing and customer deposits 3,872 4,086
Accrued taxes 1,003 975
Dividends payable 2,608 2,542
Total current liabilities 30,794 34,854
Long-Term Debt 61,300 58,971
Deferred Credits and Other Noncurrent Liabilities
Deferred income taxes 25,748 22,070
Postemployment benefit obligation 34,011 28,803
Other noncurrent liabilities 12,694 12,743
Total deferred credits and other noncurrent liabilities 72,453 63,616
Stockholders’ Equity
Common stock ($1 par value, 14,000,000,000 authorized at December 31, 2011
and 2010: issued 6,495,231,088 at December 31, 2011 and 2010) 6,495 6,495
Additional paid-in capital 91,156 91,731
Retained earnings 25,453 31,792
Treasury stock (568,719,202 at December 31, 2011 and
584,144,220 at December 31, 2010, at cost) (20,750) (21,083)
Accumulated other comprehensive income 3,180 2,712
Noncontrolling interest 263 303
Total stockholders’ equity 105,797 111,950
Total Liabilities and Stockholders’ Equity $270,344 $269,391
The accompanying notes are an integral part of the consolidated financial statements.