|
|
Balance Sheet
(Dollars in Millions)
| |
March 31,
1999 |
|
December 31,
1998 |
| ASSETS |
|
|
|
|
| Current Assets |
|
|
|
| Cash and cash equivalents |
$780.0
|
|
$1,342.1
|
| Accounts and notes receivable |
849.3 |
|
922.4 |
| Contracts in process |
713.2
|
|
783.5
|
| Inventories |
578.8
|
|
471.5
|
| Prepaid expenses, deferred
income taxes and other |
295.4
|
|
326.9
|
|
| Total Current Assets |
3,216.7
|
|
3,846.4
|
| Satellites - Net |
3,580.5
|
|
3,197.5
|
| Property - Net |
1,061.2
|
|
1,059.2
|
| Net Investment in
Sales-type Leases |
167.9
|
|
173.4
|
| Intangible Assets
- Net |
3,732.9
|
|
3,552.2
|
| Investments and Other
Assets |
1,652.5
|
|
1,606.3
|
|
| Total Assets |
$13,411.7
|
|
$13,435.0
|
|
LIABILITIES AND STOCKHOLDER'S
EQUITY |
|
|
|
|
| Current Liabilities |
|
|
|
| Accounts payable |
$710.2
|
|
$764.1
|
| Advances on contracts |
302.0
|
|
291.8
|
| Deferred revenues |
51.7 |
|
43.8 |
| Current portion of long-term
debt |
170.3 |
|
156.1 |
| Accrued liabilities |
664.0
|
|
753.7
|
|
| |
|
|
|
| Total Current Liabilities |
1,898.2
|
|
2,009.5
|
| Long-Term Debt |
856.6
|
|
778.7
|
| Deferred Gains on
Sales and Leasebacks |
65.0 |
|
121.5 |
| Accrued Operating
Leaseback Expense |
6.1
|
|
56.0
|
| Postretirement Benefits
Other Than Pensions |
151.2
|
|
150.7
|
| Other Liabilities
and Deferred Credits |
846.0
|
|
811.1
|
| Deferred Income Taxes |
651.9
|
|
643.9
|
| Minority Interests |
485.6
|
|
481.7
|
| Stockholder's Equity |
8,451.1
|
|
8,381.9
|
| |
|
|
|
| Total Liabilities
and Stockholder's Equity |
$13,411.7
|
|
$13,435.0
|
|
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).
|
