DIRECTV 2009 Annual Report Download - page 86
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DIRECTV
CONSOLIDATED BALANCE SHEETS
December 31,
2009 2008
(Dollars in Millions,
Except Share Data)
ASSETS
Current assets
Cash and cash equivalents ....................................... $ 2,605 $ 2,005
Accounts receivable, net ........................................ 1,625 1,423
Inventories .................................................. 212 192
Deferred income taxes ......................................... 217 68
Prepaid expenses and other ...................................... 396 356
Total current assets ........................................ 5,055 4,044
Satellites, net ................................................... 2,338 2,476
Property and equipment, net ........................................ 4,138 4,171
Goodwill ...................................................... 4,164 3,753
Intangible assets, net .............................................. 1,131 1,172
Investments and other assets ........................................ 1,434 923
Total assets .............................................. $18,260 $16,539
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities
Accounts payable and accrued liabilities ............................. $ 3,757 $ 3,115
Unearned subscriber revenues and deferred credits .................... 434 362
Current portion of long-term debt ................................. 1,510 108
Total current liabilities ...................................... 5,701 3,585
Long-term debt .................................................. 6,500 5,725
Deferred income taxes ............................................ 1,070 524
Other liabilities and deferred credits .................................. 1,678 1,749
Commitments and contingencies
Redeemable noncontrolling interest ................................... 400 325
Stockholders’ equity
Common stock and additional paid-in capital—$0.01 par value, 3,500,000,000
shares authorized, 911,377,919 shares issued and outstanding of DIRECTV
Class A common stock at December 31, 2009, $0.01 par value, 30,000,000
shares authorized, 21,809,863 shares issued and outstanding of DIRECTV
Class B common stock at December 31, 2009 and $0.01 par value,
3,000,000,000 shares authorized, 1,024,182,043 shares issued and outstanding
of The DIRECTV Group, Inc. common stock at December 31, 2008 ...... 6,689 8,318
Accumulated deficit ........................................... (3,722) (3,559)
Accumulated other comprehensive loss ............................. (56) (128)
Total stockholders’ equity .................................... 2,911 4,631
Total liabilities and stockholders’ equity .......................... $18,260 $16,539
The accompanying notes are an integral part of these Consolidated Financial Statements.
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