|
|
Balance Sheet
(Dollars in Millions)
| ASSETS |
September 30,
1998
|
|
December 31,
1997
|
|
| Current Assets |
|
|
|
| Cash and cash equivalents |
$1,509.7
|
|
$2,783.8
|
| Accounts and notes receivable |
1,067.2
|
|
662.8
|
| Contracts in process |
611.8
|
|
575.6
|
| Inventories |
570.7
|
|
486.4
|
| Prepaid expenses, deferred income taxes and other |
399.1
|
|
297.3
|
|
| Total Current Assets |
4,158.5
|
|
4,805.9
|
| Satellites - Net |
2,843.1
|
|
2,643.4
|
| Property - Net |
965.9
|
|
889.7
|
| Net Investment in Sales-type Leases |
181.9
|
|
337.6
|
| Intangible Assets - Net |
3,587.8
|
|
2,954.8
|
| Investments and Other Assets |
1,155.9
|
|
1,132.4
|
|
| Total Assets |
$12,893.1
|
|
$12,763.8
|
|
| LIABILITIES AND STOCKHOLDER'S EQUITY |
|
|
|
|
| Current Liabilities |
|
|
|
| Accounts payable |
$720.0
|
|
$472.8
|
| Advances on contracts |
245.6
|
|
209.8
|
| Deferred revenues |
150.3
|
|
110.6
|
| Notes payable |
60.2
|
|
-
|
| Accrued liabilities |
564.1
|
|
689.4
|
|
| Total Current Liabilities |
1,740.2
|
|
1,482.6
|
| Long-Term Debt |
778.7
|
|
637.6
|
| Deferred Gains on Sales and Leasebacks |
130.1
|
|
191.9
|
| Accrued Operating Leaseback Expense |
38.8
|
|
100.2
|
| Postretirement Benefits Other Than Pensions |
156.2
|
|
154.8
|
| Other Liabilities and Deferred Credits |
702.8
|
|
706.4
|
| Deferred Income Taxes |
618.7
|
|
570.8
|
| Minority Interests |
469.0
|
|
607.8
|
| Stockholder's Equity |
8,258.6
|
|
8,311.7
|
|
| Total Liabilities and Stockholder's Equity |
$12,893.1
|
|
$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).
|
