Metro PCS 2009 Annual Report Download - page 150

MetroPCS Communications, Inc. and Subsidiaries
Notes to Consolidated Financial Statements
December 31, 2009, 2008 and 2007
F-36
Consolidated Balance Sheet
As of December 31, 2009
Parent Issuer
Guarantor
Subsidiaries
Non-Guarantor
Subsidiaries Eliminations Consolidated
(in thousands)
CURRENT ASSETS:
Cash and cash equivalents ....................... $ 642,089 $ 269,836 $ 682 $ 16,774 $ — $ 929,381
Short-term investments ............................ 224,932 — — — — 224,932
Inventories, net......................................... — 131,599 15,802 — — 147,401
Accounts receivable, net .......................... — 51,438 — 98 — 51,536
Prepaid charges ........................................ — 201 40,547 7,605 — 48,353
Deferred charges ...................................... — 59,414 — — — 59,414
Deferred tax assets ................................... — 1,948 — — — 1,948
Current receivable from subsidiaries....... — 423,275 — 14,574 (437,849) —
Advances to subsidiaries.......................... 610,505 999,234 — 866 (1,610,605) —
Other current assets.................................. 199 7,848 19,913 466 —28,426
Total current assets .................................. 1,477,725 1,944,793 76,944 40,383 (2,048,454) 1,491,391
Property and equipment, net....................... — 34,128 2,722,813 495,272 — 3,252,213
Restricted cash and investments .............. — 15,113 — 325 — 15,438
Long-term investments ............................ 6,319 — — — — 6,319
Investment in subsidiaries........................ 804,847 2,162,686 — — (2,967,533) —
FCC licenses ............................................ — 3,800 2,172,782 293,599 — 2,470,181
Long-term receivable from
subsidiaries ............................................ — 829,360 — — (829,360) —
Other assets .............................................. —92,973 32,885 24,617 —150,475
Total assets............................................... $ 2,288,891 $ 5,082,853 $ 5,005,424 $ 854,196 $ (5,845,347) $ 7,386,017
CURRENT LIABILITIES:
Accounts payable and accrued
expenses................................................. $ — $ 223,973 $ 310,097 $ 24,296 $ — $ 558,366
Current maturities of long-term debt ....... — 16,000 2,451 875 — 19,326
Current payable to subsidiaries................ — — 14,574 423,275 (437,849) —
Deferred revenue...................................... — 38,502 149,152 — — 187,654
Advances from subsidiaries..................... — — 1,610,605 — (1,610,605) —
Other current liabilities ............................ —24,241 7,851 31 —32,123
Total current liabilities............................. — 302,716 2,094,730 448,477 (2,048,454) 797,469
Long-term debt......................................... — 3,448,081 142,096 35,772 — 3,625,949
Long-term payable to subsidiaries........... — — — 829,360 (829,360) —
Deferred tax liabilities ............................. 749 511,557 — — — 512,306
Deferred rents........................................... — — 69,574 10,913 — 80,487
Redeemable ownership interest ............... — 7,857 — — — 7,857
Other long-term liabilities........................ —7,795 57,084 8,928 —73,807
Total liabilities ......................................... 749 4,278,006 2,363,484 1,333,450 (2,877,814) 5,097,875
STOCKHOLDERS’ EQUITY:
Preferred stock ......................................... — —————
Common stock ......................................... 35 ————35
Additional paid-in capital ........................ 1,634,754 — — 20,000 (20,000) 1,634,754
Retained earnings (deficit)....................... 664,693 818,343 2,641,940 (499,254) (2,961,029) 664,693
Accumulated other comprehensive
(loss) income ......................................... (11,340) (13,496) — — 13,496 (11,340)
Total stockholders’ equity ....................... 2,288,142 804,847 2,641,940 (479,254) (2,967,533) 2,288,142
Total liabilities and stockholders’
equity ..................................................... $ 2,288,891 $ 5,082,853 $ 5,005,424 $ 854,196 $ (5,845,347) $ 7,386,017