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|
CONSOLIDATED BALANCE SHEETS
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(Dollars in Millions)
|
|
September 30,
|
|
December 31,
|
|
|
|
2002
|
|
2001
|
|
ASSETS
|
|
(Unaudited)
|
|
|
|
|
|
Current Assets
|
|
|
|
|
|
Cash and cash equivalents
|
|
$863.2
|
|
$700.1
|
|
Accounts and notes
receivable
|
|
1,068.8
|
|
1,090.5
|
|
Contracts in process
|
|
142.8
|
|
153.1
|
|
Inventories
|
|
272.6
|
|
360.1
|
|
Deferred income taxes
|
|
143.6
|
|
118.9
|
|
Prepaid expenses and other
|
|
955.7
|
|
918.4
|
|
|
|
|
|
|
|
|
Total Current Assets
|
|
3,446.7
|
|
3,341.1
|
|
Satellites, net
|
|
4,940.2
|
|
4,806.6
|
|
Property, net
|
|
2,138.6
|
|
2,197.8
|
|
Goodwill, net
|
|
6,715.3
|
|
6,496.6
|
|
Intangible Assets, net
|
|
445.9
|
|
660.2
|
|
Net Investment in Sales-type Leases
|
|
167.8
|
|
227.0
|
|
Investments and Other Assets
|
|
910.2
|
|
1,480.8
|
|
|
|
|
|
|
|
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Total Assets
|
|
$18,764.7
|
|
$19,210.1
|
|
|
|
|
|
|
|
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LIABILITIES AND STOCKHOLDER'S EQUITY
|
|
|
|
|
|
|
Current Liabilities
|
|
|
|
|
|
Accounts payable
|
|
$1,143.9
|
|
$1,227.5
|
|
Deferred revenues
|
|
190.4
|
|
178.5
|
|
Short-term borrowings and
current portion of long-term debt
|
|
985.4
|
|
1,658.5
|
|
Accrued liabilities and
other
|
|
1,230.9
|
|
1,342.0
|
|
|
|
|
|
|
|
|
Total Current Liabilities
|
|
3,550.6
|
|
4,406.5
|
|
Long-Term Debt
|
|
2,390.6
|
|
988.8
|
|
Other Liabilities and Deferred Credits
|
|
1,250.2
|
|
1,465.1
|
|
Deferred Income Taxes
|
|
560.5
|
|
746.5
|
|
Commitments and Contingencies
|
|
|
|
|
|
Minority Interests
|
|
547.6
|
|
531.3
|
|
Stockholder's Equity
|
|
10,465.2
|
|
11,071.9
|
|
|
|
|
|
|
|
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Total Liabilities and Stockholder's Equity
|
|
$18,764.7
|
|
$19,210.1
|
|
|
|
|
|
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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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