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39 Comcast 2006 Annual Report
December 31 (in millions, except share data) 2006 2005
Assets
Current Assets
Cash and cash equivalents $ 1,239 $ 947
Investments 1,735 148
Accounts receivable, less allowance for doubtful accounts of $157 and $132 1,450 1,008
Other current assets 778 685
Current assets of discontinued operations — 60
Total current assets 5,202 2,848
Investments 8,847 12,675
Property and equipment, net of accumulated depreciation of $15,506 and $12,079 21,248 17,704
Franchise rights 55,927 48,804
Goodwill 13,768 13,498
Other intangible assets, net of accumulated amortization of $5,543 and $4,635 4,881 3,118
Other noncurrent assets, net 532 635
Noncurrent assets of discontinued operations, net — 4,118
$ 110,405 $ 103,400
Liabilities and Stockholders’ Equity
Current Liabilities
Accounts payable and accrued expenses related to trade creditors $ 2,862 $ 2,239
Accrued salaries and wages 453 360
Other current liabilities 2,579 2,122
Deferred income taxes 563 2
Current portion of long-term debt 983 1,689
Current liabilities of discontinued operations — 112
Total current liabilities 7,440 6,524
Long-term debt, less current portion 27,992 21,682
Deferred income taxes 27,089 27,370
Other noncurrent liabilities 6,476 6,920
Noncurrent liabilities of discontinued operations — 28
Minority interest 241 657
Commitments and contingencies (Note 13)
Stockholders’ equity
Preferred stock — authorized 20,000,000 shares; issued, zero — —
Class A common stock, $0.01 par value — authorized, 7,500,000,000 shares;
issued, 2,425,818,710 and 2,410,511,727; outstanding, 2,060,357,960, and 2,045,050,977 24 24
Class A Special common stock, $0.01 par value — authorized, 7,500,000,000 shares;
issued 1,120,659,771 and 1,224,368,823; outstanding, 1,049,725,007 and 1,153,434,059 11 12
Class B common stock, $0.01 par value — authorized, 75,000,000 shares;
issued and outstanding, 9,444,375 — —
Additional capital 42,401 42,989
Retained earnings 6,214 4,825
Treasury stock, 365,460,750 Class A common shares and 70,934,764 Class A Special common shares (7,517) (7,517)
Accumulated other comprehensive income (loss) 34 (114)
Total stockholders’ equity 41,167 40,219
$ 110,405 $ 103,400
See notes to consolidated financial statements.
Consolidated Balance Sheet