Metro PCS 2009 Annual Report Download - page 151

MetroPCS Communications, Inc. and Subsidiaries
Notes to Consolidated Financial Statements
December 31, 2009, 2008 and 2007
F-37
Consolidated Balance Sheet
As of December 31, 2008
Parent Issuer
Guarantor
Subsidiaries
Non-Guarantor
Subsidiaries Eliminations Consolidated
(in thousands)
CURRENT ASSETS:
Cash and cash equivalents....................... $ 598,823 $ 78,121 $ 624 $ 20,380 $ — $ 697,948
Inventories, net........................................ — 144,784 11,171 — — 155,955
Accounts receivable, net ......................... — 34,579 — 87 — 34,666
Prepaid charges ....................................... — 17,994 32,274 6,079 — 56,347
Deferred charges ..................................... — 49,716 — — — 49,716
Deferred tax asset .................................... — 1,832 — — — 1,832
Current receivable from subsidiaries ...... — 244,212 — 10,467 (254,679) —
Other current assets................................. 426 4,472 41,945 577 — 47,420
Total current assets.................................. 599,249 575,710 86,014 37,590 (254,679) 1,043,884
Property and equipment, net ...................... — 18,174 2,430,597 398,980 — 2,847,751
Restricted cash and investments ............. — — 4,250 325 — 4,575
Long-term investments ........................... 5,986 — — — — 5,986
Investment in subsidiaries....................... 610,581 1,760,327 — — (2,370,908) —
FCC licenses............................................ — — 2,129,475 293,599 — 2,423,074
Long-term receivable from
subsidiaries ........................................... 250,000 796,462 — — (1,046,462) —
Other assets ............................................. — 37,391 34,544 24,943 — 96,878
Total assets .............................................. $ 1,465,816 $ 3,188,064 $ 4,684,880 $ 755,437 $ (3,672,049) $ 6,422,148
CURRENT LIABILITIES:
Accounts payable and accrued
expenses................................................ $ — $ 195,619 $ 344,325 $ 28,488 $ — $ 568,432
Current maturities of long-term debt ...... — 16,000 990 19 — 17,009
Current payable to subsidiaries ............... — — 10,467 244,212 (254,679) —
Deferred revenue..................................... — 30,011 121,768 — — 151,779
Advances to subsidiaries......................... (568,507) (1,365,057) 1,933,564 — — —
Other current liabilities ........................... — 30 5,106 — — 5,136
Total current liabilities ............................ (568,507) (1,123,397) 2,416,220 272,719 (254,679) 742,356
Long-term debt........................................ — 2,967,649 88,906 1,428 — 3,057,983
Long-term payable to subsidiaries.......... — 250,000 — 796,462 (1,046,462) —
Deferred tax liabilities............................. — 389,509 — — — 389,509
Deferred rents.......................................... — — 49,850 6,575 — 56,425
Redeemable minority interest ................. — 6,290 — — — 6,290
Other long-term liabilities....................... — 87,432 41,377 6,453 — 135,262
Total liabilities ........................................ (568,507) 2,577,483 2,596,353 1,083,637 (1,301,141) 4,387,825
STOCKHOLDERS’ EQUITY:
Preferred stock ........................................ — — — — — —
Common stock ........................................ 35 — — — — 35
Additional paid-in capital........................ 1,578,972 — — 20,000 (20,000) 1,578,972
Retained earnings (deficit) ...................... 487,849 643,955 2,088,527 (348,200) (2,384,282) 487,849
Accumulated other comprehensive
(loss) income......................................... (32,533) (33,374) — — 33,374 (32,533)
Total stockholders’ equity....................... 2,034,323 610,581 2,088,527 (328,200) (2,370,908) 2,034,323
Total liabilities and stockholders’
equity .................................................... $ 1,465,816 $ 3,188,064 $ 4,684,880 $ 755,437 $ (3,672,049) $ 6,422,148