Metro PCS 2010 Annual Report Download - page 108

The accompanying notes are an integral part of these consolidated financial statements.
F-2
MetroPCS Communications, Inc. and Subsidiaries
Consolidated Balance Sheets
As of December 31, 2010 and 2009
(in thousands, except share and per share information)
2010 2009
CURRENT ASSETS:
Cash and cash equivalents ......................................................................................................... $ 796,531 $ 929,381
Short-term investments .............................................................................................................. 374,862 224,932
Inventories ................................................................................................................................. 161,049 147,401
Accounts receivable (net of allowance for uncollectible accounts of $2,494 and $2,045 at
December 31, 2010 and 2009, respectively)............................................................................ 58,056 51,536
Prepaid expenses ....................................................................................................................... 50,477 48,353
Deferred charges ........................................................................................................................ 83,485 59,414
Deferred tax assets ..................................................................................................................... 6,290 1,948
Other current assets ................................................................................................................... 63,135 28,426
Total current assets ................................................................................................................ 1,593,885 1,491,391
Property and equipment, net .......................................................................................................... 3,659,445 3,252,213
Restricted cash and investments .................................................................................................... 2,876 15,438
Long-term investments .................................................................................................................. 16,700 6,319
FCC licenses .................................................................................................................................. 2,522,241 2,470,181
Other assets .................................................................................................................................... 123,433 150,475
Total assets ...................................................................................................................$ 7,918,580
$ 7,386,017
CURRENT LIABILITIES:
Accounts payable and accrued expenses ................................................................................... $ 521,788 $ 558,366
Current maturities of long-term debt ......................................................................................... 21,996 19,326
Deferred revenue ....................................................................................................................... 224,471 187,654
Other current liabilities .............................................................................................................. 34,165 32,123
Total current liabilities .......................................................................................................... 802,420 797,469
Long-term debt, net ....................................................................................................................... 3,757,287 3,625,949
Deferred tax liabilities ................................................................................................................... 643,058 512,306
Deferred rents ................................................................................................................................ 101,411 80,487
Other long-term liabilities .............................................................................................................. 72,828 81,664
Total liabilities .............................................................................................................. 5,377,004 5,097,875
COMMITMENTS AND CONTINGENCIES (See Note 11)
STOCKHOLDERS’ EQUITY:
Preferred stock, par value $0.0001 per share, 100,000,000 shares authorized; no shares of
p
referred stock issued and outstanding at December 31, 2010 and 2009 ................................ 0 0
Common stock, par value $0.0001 per share, 1,000,000,000 shares authorized, 355,318,666
and 352,711,263 shares issued and outstanding at December 31, 2010 and 2009,
respectively ............................................................................................................................. 36 35
Additional pai
d
-in capital .......................................................................................................... 1,686,761 1,634,754
Retained earnings ...................................................................................................................... 858,108 664,693
Accumulated other comprehensive loss ..................................................................................... (1,415) (11,340)
Less treasury stock, at cost, 237,818 and no treasury shares at December 31, 2010 and
2009, respectively.................................................................................................................... (1,914) 0
Total stockholders’ equity .....................................................................................................2,541,576 2,288,142
Total liabilities and stockholders’ equity ............................................................................... $ 7,918,580
$ 7,386,017