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|
BALANCE SHEET
(Dollars in Millions)
| |
|
|
|
December 31,
|
| ASSETS |
|
|
|
1999 |
|
1998 |
|
| Current Assets |
|
|
|
|
|
|
| Cash and cash equivalents |
|
|
|
$238.2 |
|
$1,342.0 |
| Accounts and notes receivable |
|
|
|
960.9 |
|
764.6 |
| Contracts in process |
|
|
|
155.8 |
|
179.0 |
| Inventories |
|
|
|
236.1 |
|
286.6 |
| Net assets of discontinued operations |
|
|
|
1,159.5 |
|
972.4 |
| Prepaid expenses, deferred income taxes and other |
|
|
|
788.2 |
|
321.1 |
|
| Total Current Assets |
|
|
|
3,538.7 |
|
3,865.7 |
| Satellites - net |
|
|
|
3,907.3 |
|
3,197.5 |
| Property - net |
|
|
|
1,223.0 |
|
683.0 |
| Net Investment in Sales-type Leases |
|
|
|
146.1 |
|
173.4 |
| Intangible Assets, net |
|
|
|
7,406.0 |
|
3,185.9 |
| Investments and Other Assets |
|
|
|
2,039.9 |
|
1,302.4 |
|
| Total Assets |
|
|
|
$18,261.0 |
|
$12,407.9 |
|
| LIABILITIES AND STOCKHOLDER'S EQUITY |
|
| Current Liabilities |
|
|
|
|
|
|
| Accounts payable |
|
|
|
$1,062.2 |
|
$691.8 |
| Advances on contracts |
|
|
|
23.0 |
|
20.1 |
| Deferred revenues |
|
|
|
130.5 |
|
43.8 |
| Current portion of long-term debt |
|
|
|
555.4 |
|
156.1 |
| Accrued liabilities |
|
|
|
618.8 |
|
257.0 |
|
| Total Current Liabilities |
|
|
|
2,389.9 |
|
1,168.8 |
| Long-Term Debt |
|
|
|
1,586.0 |
|
778.7 |
| Postretirement Benefits Other Than Pensions |
|
|
|
19.7 |
|
20.4 |
| Other Liabilities and Deferred Credits |
|
|
|
1,433.3 |
|
935.3 |
| Deferred Income Taxes |
|
|
|
672.5 |
|
641.1 |
| Commitments and Contingencies |
|
|
|
|
|
|
| Minority Interests |
|
|
|
544.3 |
|
481.7 |
| Stockholder's Equity |
|
|
|
11,615.3 |
|
8,381.9 |
|
| Total Liabilities and Stockholder's Equity |
|
|
|
$18,261.0 |
|
$12,407.9 |
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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