DIRECTV 2007 Annual Report Download - page 72
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THE DIRECTV GROUP, INC.
CONSOLIDATED BALANCE SHEETS
December 31,
2007 2006
(Dollars in Millions,
Except Share Data)
ASSETS
Current assets
Cash and cash equivalents ....................................... $ 1,083 $ 2,499
Short-term investments ......................................... 10 170
Accounts and notes receivable, net of allowances of $56 and $46 ........... 1,535 1,345
Inventories .................................................. 193 148
Deferred income taxes ......................................... 90 166
Prepaid expenses and other ...................................... 235 228
Total current assets ........................................ 3,146 4,556
Satellites, net ................................................... 2,026 2,008
Property and equipment, net ........................................ 3,807 2,445
Goodwill ...................................................... 3,669 3,515
Intangible assets, net .............................................. 1,577 1,811
Investments and other assets ........................................ 838 806
Total assets .............................................. $15,063 $15,141
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities
Accounts payable and accrued liabilities ............................. $ 3,032 $ 2,816
Unearned subscriber revenues and deferred credits .................... 354 286
Short-term borrowings and current portion of long-term debt ............. 48 220
Total current liabilities ...................................... 3,434 3,322
Long-term debt .................................................. 3,347 3,395
Deferred income taxes ............................................ 567 315
Other liabilities and deferred credits .................................. 1,402 1,366
Commitments and contingencies
Minority interests ................................................ 11 62
Stockholders’ equity
Common stock and additional paid-in capital—$0.01 par value, 3,000,000,000
shares authorized, 1,148,268,203 shares and 1,226,490,193 shares issued and
outstanding at December 31, 2007 and December 31, 2006, respectively .... 9,318 9,836
Accumulated deficit ........................................... (2,995) (3,107)
Accumulated other comprehensive loss ............................. (21) (48)
Total stockholders’ equity .................................... 6,302 6,681
Total liabilities and stockholders’ equity .......................... $15,063 $15,141
The accompanying notes are an integral part of these Consolidated Financial Statements.
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