DIRECTV 2005 Annual Report Download - page 77
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THE DIRECTV GROUP, INC.
CONSOLIDATED BALANCE SHEETS
December 31,
2005 2004
(Dollars in Millions,
Except Share Data)
ASSETS
Current Assets
Cash and cash equivalents .................................... $ 3,701.3 $ 2,307.4
Short-term investments ...................................... 683.2 522.6
Accounts and notes receivable, net of allowances of $114.9 and $121.7 .... 1,033.2 918.6
Inventories ............................................... 283.1 124.4
Deferred income taxes ....................................... 163.3 177.7
Prepaid expenses and other ................................... 232.3 199.3
Assets of business held for sale ................................ — 521.1
Total Current Assets ..................................... 6,096.4 4,771.1
Satellites, net ................................................. 1,875.5 1,560.4
Property and Equipment, net ..................................... 1,199.2 1,135.1
Goodwill .................................................... 3,045.3 3,044.1
Intangible Assets, net ........................................... 1,878.0 2,227.1
Deferred Income Taxes ......................................... 492.4 662.5
Investments and Other Assets ..................................... 1,043.4 924.1
Total Assets ........................................... $15,630.2 $14,324.4
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current Liabilities
Accounts payable .......................................... $ 1,607.0 $ 1,290.9
Accrued liabilities and other .................................. 934.8 881.7
Unearned subscriber revenues and deferred credits .................. 276.6 261.5
Short-term borrowings and current portion of long-term debt ........... 9.7 19.8
Liabilities of business held for sale .............................. — 240.6
Total Current Liabilities .................................. 2,828.1 2,694.5
Long-Term Debt .............................................. 3,405.3 2,409.5
Other Liabilities and Deferred Credits .............................. 1,407.6 1,665.4
Commitments and Contingencies
Minority Interests ............................................. 49.2 47.9
Stockholders’ Equity
Common stock and additional paid-in capital—$0.01 par value,
3,000,000,000 shares authorized, 1,391,031,989 shares and 1,385,814,459
shares issued and outstanding at December 31, 2005 and December 31,
2004, respectively ......................................... 10,956.2 10,869.9
Retained earnings (deficit) .................................... (3,002.2) (3,338.1)
Accumulated Other Comprehensive Loss ......................... (14.0) (24.7)
Total Stockholders’ Equity ................................. 7,940.0 7,507.1
Total Liabilities and Stockholders’ Equity ...................... $15,630.2 $14,324.4
Reference should be made to the Notes to the Consolidated Financial Statements.
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