Metro PCS 2009 Annual Report Download - page 116

F-2
MetroPCS Communications, Inc. and Subsidiaries
Consolidated Balance Sheets
As of December 31, 2009 and 2008
(in thousands, except share and per share information)
2009 2008
CURRENT ASSETS:
Cash and cash equivalents ......................................................................................................... $ 929,381 $ 697,948
Short-term investments.............................................................................................................. 224,932 3
Inventories, net .......................................................................................................................... 147,401 155,955
Accounts receivable (net of allowance for uncollectible accounts of $2,045 and $4,106 at
December 31, 2009 and 2008, respectively)............................................................................ 51,536 34,666
Prepaid charges.......................................................................................................................... 48,353 56,347
Deferred charges........................................................................................................................ 59,414 49,716
Deferred tax assets..................................................................................................................... 1,948 1,832
Other current assets ................................................................................................................... 28,426 47,417
Total current assets................................................................................................................ 1,491,391 1,043,884
Property and equipment, net .......................................................................................................... 3,252,213 2,847,751
Restricted cash and investments .................................................................................................... 15,438 4,575
Long-term investments .................................................................................................................. 6,319 5,986
FCC licenses.................................................................................................................................. 2,470,181 2,423,074
Other assets.................................................................................................................................... 150,475 96,878
Total assets ................................................................................................................... $ 7,386,017 $ 6,422,148
CURRENT LIABILITIES:
Accounts payable and accrued expenses ................................................................................... $ 558,366 $ 568,432
Current maturities of long-term debt ......................................................................................... 19,326 17,009
Deferred revenue ....................................................................................................................... 187,654 151,779
Other current liabilities.............................................................................................................. 32,123 5,136
Total current liabilities .......................................................................................................... 797,469 742,356
Long-term debt, net ....................................................................................................................... 3,625,949 3,057,983
Deferred tax liabilities ................................................................................................................... 512,306 389,509
Deferred rents ................................................................................................................................ 80,487 56,425
Redeemable minority interest ........................................................................................................ 7,857 6,290
Other long-term liabilities.............................................................................................................. 73,807 135,262
Total liabilities.............................................................................................................. 5,097,875 4,387,825
COMMITMENTS AND CONTINGENCIES (See Note 11)
STOCKHOLDERS’ EQUITY:
Preferred stock, par value $0.0001 per share, 100,000,000 shares authorized; no shares of
preferred stock issued and outstanding at December 31, 2009 and 2008 ................................ — —
Common Stock, par value $0.0001 per share, 1,000,000,000 shares authorized, 352,711,263
and 350,918,272 shares issued and outstanding at December 31, 2009 and 2008,
respectively ............................................................................................................................. 35 35
Additional paid-in capital .......................................................................................................... 1,634,754 1,578,972
Retained earnings ...................................................................................................................... 664,693 487,849
Accumulated other comprehensive loss..................................................................................... (11,340) (32,533)
Total stockholders’ equity ..................................................................................................... 2,288,142 2,034,323
Total liabilities and stockholders’ equity............................................................................... $ 7,386,017 $ 6,422,148
The accompanying notes are an integral part of these consolidated financial statements.