|
|
CONSOLIDATED BALANCE SHEETS
| (Dollars in Millions) |
|
June 30, |
|
December 31,
|
| |
|
2003 |
|
2002 |
| ASSETS |
|
(Unaudited) |
|
|
|
|
| Current Assets |
|
|
|
|
| Cash and cash equivalents |
|
$3,185.4 |
|
$1,128,6 |
| Accounts and notes receivable, net of
allowances of $115.9 and $102.4 |
|
1,061.6 |
|
1,133.9 |
| Contracts in process |
|
117.6 |
|
165.9 |
| Inventories |
|
297.3 |
|
230.3 |
| Deferred income taxes |
|
88.7 |
|
97.7 |
| Prepaid expenses and other |
|
825.4 |
|
900.0 |
|
| |
|
|
|
|
| Total Current Assets |
|
5,576.0 |
|
3,656.4 |
| Satellites, net |
|
4,892.4 |
|
4,922.6 |
| Property, net |
|
1,906.4 |
|
2,017.4 |
| Goodwill, net |
|
5,777.5 |
|
5,775.2 |
| Intangible Assets, net |
|
607.7 |
|
644.7 |
| Net Investment in Sales-type Leases
|
|
149.6 |
|
161.9 |
| Investments and Other Assets |
|
757.4 |
|
706.9 |
|
| |
|
|
|
|
| Total Assets |
|
$19,667.0 |
|
$17,885.1 |
|
| |
|
|
|
|
| LIABILITIES AND STOCKHOLDER'S EQUITY
|
|
|
|
|
|
| Current Liabilities |
|
|
|
|
| Accounts payable |
|
$1,021.7 |
|
$1,039.0 |
| Deferred revenues |
|
156.6 |
|
166.4 |
| Short-term borrowings and current portion
of long-term debt |
|
62.7 |
|
727.8 |
| Accrued liabilities and other |
|
1,320.8 |
|
1,269.9 |
|
| |
|
|
|
|
| Total Current Liabilities |
|
2,561.8 |
|
3,203.1 |
| Long-Term Debt |
|
4,946.1 |
|
2,390.0 |
| Other Liabilities and Deferred Credits
|
|
1,094.3 |
|
1,178.4 |
| Deferred Income Taxes |
|
512.3 |
|
581.2 |
| Commitments and Contingencies |
|
|
|
|
| Minority Interests |
|
576.7 |
|
555.3 |
| Stockholder's Equity |
|
9,975.8 |
|
9,977.1 |
|
| |
|
|
|
|
| Total Liabilities and Stockholder's
Equity |
|
$19,667.0 |
|
$17,885.1 |
|
| |
|
|
|
|
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).
All 2003 2Q Results
|
