|
|
Balance Sheet
(Dollars in Millions)
| ASSETS |
December 31,
1998
|
|
December 31,
1997
|
|
| Current Assets |
|
|
|
| Cash and cash equivalents |
$1,342.1
|
|
$2,783.8
|
| Accounts and notes receivable |
922.4
|
|
630.0
|
| Contracts in process |
783.5
|
|
575.6
|
| Inventories |
471.5
|
|
486.4
|
| Prepaid expenses, deferred income taxes and
other |
326.9
|
|
297.3
|
|
| Total Current Assets |
3,846.4
|
|
4,773.1
|
| Satellites - Net |
3,197.5
|
|
2,643.4
|
| Property - Net |
1,059.2
|
|
889.7
|
| Net Investment in Sales-type Leases |
173.4
|
|
337.6
|
| Intangible Assets - Net |
3,552.2
|
|
2,954.8
|
| Investments and Other Assets |
1,606.3
|
|
1,132.4
|
|
| Total Assets |
$13,435.0
|
|
$12,731.0
|
|
| LIABILITIES AND STOCKHOLDER'S EQUITY |
|
|
|
|
| Current Liabilities |
|
|
|
| Accounts payable |
$764.1
|
|
$472.8
|
| Advances on contracts |
291.8
|
|
209.8
|
| Deferred revenues |
43.8
|
|
77.8
|
| Notes payable and current portion of long-term
debt |
156.1
|
|
-
|
| Accrued liabilities |
753.7
|
|
689.4
|
|
| Total Current Liabilities |
2,009.5
|
|
1,449.8
|
| Long-Term Debt |
778.7
|
|
637.6
|
| Deferred Gains on Sales and Leasebacks |
121.5
|
|
191.9
|
| Accrued Operating Leaseback Expense |
56.0
|
|
100.2
|
| Postretirement Benefits Other Than Pensions |
150.7
|
|
154.8
|
| Other Liabilities and Deferred Credits |
811.1
|
|
706.4
|
| Deferred Income Taxes |
643.9
|
|
570.8
|
| Minority Interests |
481.7
|
|
607.8
|
| Stockholder's Equity |
8,381.9
|
|
8,311.7
|
|
| Total Liabilities and Stockholder's Equity |
$13,435.0
|
|
$12,731.0
|
Certain 1997 amounts have been reclassified to conform with the 1998 presentation.
Holders of GM Class H common stock have nodirect rights in the equity or assets of Hughes, but rather have rights in the equity and assets of General Motors (which bincludes 100% of the stock of Hughes).
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