|
|
BALANCE SHEET
(Dollars in Millions)
|
|
September 30,
1999
(Unadudited)
|
December 31,1998
|
| ASSETS |
|
|
|
| Current Assets |
|
|
| Cash and cash equivalents |
$158.3
|
$1,342.1
|
| Accounts and notes receivable |
1,289.8
|
922.4
|
| Contracts in process |
846.1
|
783.5
|
| Inventories |
639.1
|
471.5
|
| Prepaid expenses, deferred income taxes and
other |
705.9
|
326.9
|
|
| Total Current Assets |
3,639.2
|
3,846.4
|
| Satellites - net |
3,690.6
|
3,197.5
|
| Property - net |
1,303.0
|
1,059.2
|
| Net Investment in Sales-type Leases |
155.9
|
173.4
|
| Intangible Assets, net |
7,781.5
|
3,552.2
|
| Investments and Other Assets |
2,236.1
|
1,606.3
|
|
| Total Assets |
$18,806.3
|
$13,435.0
|
|
| LIABILITIES AND STOCKHOLDER'S EQUITY |
|
| Current Liabilities |
|
|
| Accounts payable |
$1,005.7
|
$764.1
|
| Advances on contracts |
164.5
|
291.8
|
| Deferred revenues |
194.9
|
43.8
|
| Current portion of long-term debt |
298.1
|
156.1
|
| Accrued liabilities |
933.1
|
753.7
|
|
| Total Current Liabilities |
2,596.3
|
2,009.5
|
| Long-Term Debt |
1,929.2
|
778.7
|
| Postretirement Benefits Other Than Pensions |
155.5
|
150.7
|
| Other Liabilities and Deferred Credits |
1,686.1
|
988.6
|
| Deferred Income Taxes |
425.0
|
643.9
|
| Commitments and Contingencies |
|
|
| Minority Interests |
530.0
|
481.7
|
| Stockholder's Equity |
11,484.2
|
8,381.9
|
|
| Total Liabilities and Stockholder's Equity |
$18,806.3
|
$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).
|
