|
|
Balance Sheet
(Dollars in Millions)
|
ASSETS |
June 30,
1998
|
December 31,
1997
|
|
| Current Assets |
| Cash and cash equivalents |
$1,592.8
|
$2,783.8
|
| Accounts and notes receivable |
892.6
|
662.8
|
| Contracts in process |
564.0
|
575.6
|
| Inventories |
581.8
|
486.4
|
| Prepaid expenses, deferred income taxes and other |
376.8
|
297.3
|
|
| Total Current Assets |
4,008.0
|
4,805.9
|
| Satellites - Net |
2,897.5
|
2,643.4
|
| Property - Net |
927.6
|
889.7
|
| Net Investment in Sales-type Leases |
231.1
|
337.6
|
| Intangible Assets - Net |
3,514.3
|
2,954.8
|
| Investments and Other Assets |
1,160.4
|
1,132.4
|
|
| Total Assets |
$12,738.9
|
$12,763.8
|
| LIABILITIES AND STOCKHOLDER'S EQUITY |
|
| Current Liabilities |
| Accounts payable |
$655.4
|
$472.8
|
| Advances on contracts |
244.1
|
209.8
|
| Deferred revenues |
121.8
|
110.6
|
| Notes payable |
100.0
|
-
|
| Accrued liabilities |
581.0
|
689.4
|
|
| Total Current Liabilities |
1,702.3
|
1,482.6
|
| Long-Term Debt |
787.9
|
637.6
|
| Deferred Gains on Sales and Leasebacks |
138.6
|
191.9
|
| Accrued Operating Leaseback Expense |
54.1
|
100.2
|
| Postretirement Benefits Other Than Pensions |
155.7
|
154.8
|
| Other Liabilities and Deferred Credits |
670.1
|
706.4
|
| Deferred Income Taxes |
636.5
|
570.8
|
| Minority Interests |
373.7
|
607.8
|
| Stockholder's Equity |
8,220.0
|
8,311.7
|
|
| Total Liabilities and Stockholder's Equity |
$12,738.9
|
$12,763.8
|
Holders of GM Class H common stock have no direct rights in the equity or assets of Hughes, but rather have rights in the equity and assets of General Motors (which includes 100% of the stock of Hughes).
|
