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|
Balance Sheet
(Dollars in Millions)
|
|
June 30,
1999
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|
December 31,
1998
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| ASSETS |
|
|
|
|
| Current Assets |
|
|
|
| Cash and cash equivalents |
$858.7
|
|
$1,342.1
|
| Accounts and notes receivable |
1,345.0
|
|
922.4
|
| Contracts in process |
690.6
|
|
783.5
|
| Inventories |
653.8
|
|
471.5
|
| Prepaid expenses, deferred income taxes and other |
591.5
|
|
326.9
|
|
| Total Current Assets |
4,139.6
|
|
3,846.4
|
| Satellites - Net |
3,515.8
|
|
3,197.5
|
| Property - Net |
1,303.0
|
|
1,059.2
|
| Net Investment in Sales-type Leases |
162.0
|
|
173.4
|
| Intangible Assets - Net |
7,420.0
|
|
3,552.2
|
| Investments and Other Assets |
1,732.6
|
|
1,606.3
|
|
| Total Assets |
$18,273.0
|
|
$13,435.0
|
|
|
LIABILITIES AND STOCKHOLDER'S EQUITY |
|
|
|
|
| Current Liabilities |
|
|
|
| Accounts payable |
$1,020.4
|
|
$764.1
|
| Advances on contracts |
178.0
|
|
291.8
|
| Deferred revenues |
94.7
|
|
43.8
|
| Current portion of long-term debt |
184.4
|
|
156.1
|
| Accrued liabilities |
1,542.2
|
|
753.7
|
|
|
|
|
|
|
| Total Current Liabilities |
3,019.7
|
|
2,009.5
|
| Long-Term Debt |
1,239.6
|
|
778.7
|
| Deferred Gains on Sales and Leasebacks |
59.6
|
|
121.5
|
| Postretirement Benefits Other Than Pensions |
153.9
|
|
150.7
|
| Other Liabilities and Deferred Credits |
1,495.1
|
|
867.1
|
| Deferred Income Taxes |
447.2
|
|
643.9
|
| Minority Interests |
502.2
|
|
481.7
|
| Stockholder's Equity |
11,355.7
|
|
8,381.9
|
|
|
|
|
|
| Total Liabilities and Stockholder's Equity |
$18,273.0
|
|
$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).
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