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2000 First QuarterBalance Sheet(Dollars in Millions)| | March 31, | | December 31, | | ASSETS | 2000 | | 1999 |
| | Current Assets | | | | | Cash and cash equivalents | $232.5 | | $238.2 | | Accounts and notes receivable | 987.0 | | 960.9 | | Contracts in process | 163.3 | | 155.8 | | Inventories | 319.7 | | 236.1 | | Net assets of discontinued operations | 1,322.4 | | 1,224.6 | | Deferred income taxes | 545.9 | | 254.3 | | Prepaid expenses and other | 969.5 | | 788.1 |
| | Total Current Assets | 4,540.3 | | 3,858.0 | | Satellites - net | 4,037.3 | | 3,907.3 | | Property - net | 1,314.6 | | 1,223.0 | | Net Investment in Sales-type Leases | 178.3 | | 146.1 | | Intangible Assets, net | 7,341.8 | | 7,406.0 | | Investments and Other Assets | 2,556.0 | | 2,056.6 |
| | Total Assets | $19,968.3 | | $18,597.0 |
| | LIABILITIES AND STOCKHOLDER'SEQUITY | | | |
| | Current Liabilities | | | | | Accounts payable | $1,147.6 | | $1,062.2 | | Deferred revenues | 132.5 | | 130.5 | | Short-term borrowings and current portion of long-term debt | 732.6 | | 555.4 | | Accrued liabilities and other | 1,281.5 | | 894.0 |
| | Total Current Liabilities | 3,294.2 | | 2,642.1 | | Long-Term Debt | 1,857.2 | | 1,586.0 | | Other Liabilitie sand Deferred Credits | 1,399.8 | | 1,454.2 | | Deferred Income Taxes | 1,042.7 | | 689.1 | | Commitments and Contingencies | | | | | Minority Interests | 564.2 | | 544.3 | | Stockholder's Equity | 11,810.2 | | 11,681.3 |
| | Total Liabilities and Stockholder's Equity | $19,968.3 | | $18,597.0 |
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). |
