DIRECTV 2010 Annual Report Download - page 80
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DIRECTV
CONSOLIDATED BALANCE SHEETS
December 31,
2010 2009
(Dollars in Millions,
Except Share Data)
ASSETS
Current assets
Cash and cash equivalents ..................................................................................... $ 1,502 $ 2,605
Accounts receivable, net ....................................................................................... 2,001 1,625
Inventories ............................................................................................... 247 212
Deferred income taxes ........................................................................................ 53 217
Prepaid expenses and other ..................................................................................... 450 396
Total current assets ....................................................................................... 4,253 5,055
Satellites, net ................................................................................................. 2,235 2,338
Property and equipment, net ....................................................................................... 4,444 4,138
Goodwill ................................................................................................... 4,148 4,164
Intangible assets, net ............................................................................................ 1,074 1,131
Investments and other assets ....................................................................................... 1,755 1,434
Total assets ............................................................................................ $17,909 $18,260
LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)
Current liabilities
Accounts payable and accrued liabilities ............................................................................. $3,926 $ 3,757
Unearned subscriber revenues and deferred credits ....................................................................... 486 434
Current portion of long-term debt ................................................................................ 38 1,510
Total current liabilities .................................................................................... 4,450 5,701
Long-term debt ............................................................................................... 10,472 6,500
Deferred income taxes ........................................................................................... 1,670 1,070
Other liabilities and deferred credits .................................................................................. 1,287 1,678
Commitments and contingencies
Redeemable noncontrolling interest ................................................................................... 224 400
Stockholders’ equity (deficit)
Common stock and additional paid-in capital—$0.01 par value, 3,500,000,000 shares authorized, 808,447,044 and 911,377,919 shares issued and outstanding of
DIRECTV Class A common stock at December 31, 2010 and December 31, 2009, respectively and $0.01 par value, 30,000,000 shares authorized, none and
21,809,863 shares issued and outstanding of DIRECTV Class B common stock at December 31, 2010 and December 31, 2009, respectively............ 5,563 6,689
Accumulated deficit ......................................................................................... (5,730) (3,722)
Accumulated other comprehensive loss .............................................................................. (27) (56)
Total stockholders’ equity (deficit) ............................................................................. (194) 2,911
Total liabilities and stockholders’ equity (deficit) ..................................................................... $17,909 $18,260
The accompanying notes are an integral part of these Consolidated Financial Statements.
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