| | BALANCE SHEET | | | | | | (Dollars in Millions) | | December 31, | | | | | | 2001
| | December 31, | | ASSETS | | (Unaudited) | | 2000 |
| | Current Assets | | | | | | Cash and cash equivalents | | $700.1 | | $1,508.1 | | Accounts and notes receivable | | 1,090.5 | | 1,253.0 | | Contracts in process | | 153.1 | | 186.0 | | Inventories | | 360.1 | | 338.0 | | Deferred income taxes | | 118.9 | | 89.9 | | Prepaid expenses and other | | 918.4 | | 778.7 | | | | | | |
| | Total Current Assets | | 3,341.1 | | 4,153.7 | | Satellites, net | | 4,806.6 | | 4,230.0 | | Property, net | | 2,197.8 | | 1,707.8 | | Net Investment in Sales-type Leases | | 227.0 | | 221.1 | | Intangible Assets, net | | 7,156.8 | | 7,151.3 | | Investments and Other Assets | | 1,480.8 | | 1,815.4 | | | | | | |
| | Total Assets | | $19,210.1 | | $19,279.3 |
| | | | | | | | LIABILITIES AND STOCKHOLDER'S EQUITY | | | | |
| | Current Liabilities | | | | | | Accounts payable | | $1,227.5 | | $1,224.2 | | Deferred revenues | | 178.5 | | 137.6 | | Short-term borrowings and current portion of long-term debt | | 1,658.5 | | 24.6 | | Accrued liabilities and other | | 1,342.0 | | 1,304.5 | | | | | | |
| | Total Current Liabilities | | 4,406.5 | | 2,690.9 | | Long-Term Debt | | 988.8 | | 1,292.0 | | Other Liabilities and Deferred Credits | | 1,465.1 | | 1,647.3 | | Deferred Income Taxes | | 746.5 | | 769.3 | | Commitments and Contingencies | | | | | | Minority Interests | | 531.3 | | 553.7 | | Stockholder's Equity | | 11,071.9 | | 12,326.1 | | | | | | |
| | Total Liabilities and Stockholder's Equity | | $19,210.1 | | $19,279.3 | | | | | | | | 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). | |
