DIRECTV 2012 Annual Report Download - page 83

DIRECTV
CONSOLIDATED BALANCE SHEETS
December 31,
2012 2011
(Dollars in Millions,
Except Share Data)
ASSETS
Current assets
Cash and cash equivalents ........................................................................................ $ 1,902 $ 873
Accounts receivable, net .......................................................................................... 2,696 2,474
Inventories .................................................................................................. 412 280
Deferred income taxes ........................................................................................... 73 62
Prepaid expenses and other ........................................................................................ 471 552
Total current assets ........................................................................................... 5,554 4,241
Satellites, net .................................................................................................. 2,357 2,215
Property and equipment, net ........................................................................................ 6,038 5,223
Goodwill .................................................................................................... 4,063 4,097
Intangible assets, net ............................................................................................. 832 909
Investments and other assets ......................................................................................... 1,711 1,738
Total assets ............................................................................................... $20,555 $18,423
LIABILITIES AND STOCKHOLDERS’ DEFICIT
Current liabilities
Accounts payable and accrued liabilities ................................................................................ $4,618 $ 4,210
Unearned subscriber revenues and deferred credits .......................................................................... 565 533
Short-term borrowings ........................................................................................... 358 —
Total current liabilities ......................................................................................... 5,541 4,743
Long-term debt ................................................................................................ 17,170 13,464
Deferred income taxes ............................................................................................ 1,672 1,771
Other liabilities and deferred credits .................................................................................... 1,203 1,287
Commitments and contingencies
Redeemable noncontrolling interest .................................................................................... 400 265
Stockholders’ deficit
Common stock and additional paid-in capital—$0.01 par value, 3,950,000,000 and 3,947,000,000 shares authorized, 586,839,817 and 691,306,695 shares issued
and outstanding of DIRECTV common stock at December 31, 2012 and December 31, 2011, respectively .................................. 4,021 4,799
Accumulated deficit ........................................................................................... (9,210) (7,750)
Accumulated other comprehensive loss ............................................................................... (242) (156)
Total stockholders’ deficit ...................................................................................... (5,431) (3,107)
Total liabilities and stockholders’ deficit ............................................................................. $20,555 $18,423
The accompanying notes are an integral part of these Consolidated Financial Statements.
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