| | BALANCE SHEET | | | | | | (Dollars in Millions) | | December 31, | | | | | | 2000 | | December 31, | | ASSETS | | (Unaudited) | | 1999 |
| | Current Assets | | | | | | Cash and cash equivalents | | $1,508.1 | | $238.2 | | Accounts and notes receivable | | 1,253.0 | | 960.9 | | Contracts in process | | 186.0 | | 155.8 | | Inventories | | 338.0 | | 236.1 | | Net assets of discontinued operations | | - | | 1,224.6 | | Deferred income taxes | | 89.9 | | 254.3 | | Prepaid expenses and other | | 778.7 | | 788.1 | | | | | | |
| | Total Current Assets | | 4,153.7 | | 3,858.0 | | Satellites, net | | 4,230.0 | | 3,907.3 | | Property, net | | 1,707.8 | | 1,223.0 | | Net Investment in Sales-type Leases | | 221.1 | | 146.1 | | Intangible Assets, net | | 7,151.3 | | 7,406.0 | | Investments and Other Assets | | 1,815.4 | | 2,056.6 | | | | | | |
| | Total Assets | | $19,279.3 | | $18,597.0 |
| | | | | | | | LIABILITIES AND STOCKHOLDER'S EQUITY | | | | |
| | Current Liabilities | | | | | | Accounts payable | | $1,224.2 | | $1,062.2 | | Deferred revenues | | 137.6 | | 130.5 | | Short-term borrowings and current portion of long-term debt | | 24.6 | | 555.4 | | Accrued liabilities and other | | 1,304.5 | | 894.0 | | | | | | |
| | Total Current Liabilities | | 2,690.9 | | 2,642.1 | | Long-Term Debt | | 1,292.0 | | 1,586.0 | | Other Liabilities and Deferred Credits | | 1,647.3 | | 1,454.2 | | Deferred Income Taxes | | 769.3 | | 689.1 | | Commitments and Contingencies | | | | | | Minority Interests | | 553.7 | | 544.3 | | Stockholder's Equity | | 12,326.1 | | 11,681.3 | | | | | | |
| | Total Liabilities and Stockholder's Equity | | $19,279.3 | | $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). | |
