|
|
CONSOLIDATED BALANCE SHEETS
| (Dollars in Millions) |
|
September 30, |
|
December 31,
|
| |
|
2003 |
|
2002 |
| ASSETS |
|
(Unaudited) |
|
|
|
|
| Current Assets |
|
|
|
|
| Cash and cash equivalents |
|
$2,627.9 |
|
$1,128,6 |
| Accounts and notes receivable, net of
allowances of $122.9 and $102.4 |
|
835.6 |
|
1,133.9 |
| Contracts in process |
|
127.4 |
|
165.9 |
| Inventories |
|
292.5 |
|
230.3 |
| Deferred income taxes |
|
6.0 |
|
97.7 |
| Prepaid expenses and other |
|
954.6 |
|
900.0 |
|
| |
|
|
|
|
| Total Current Assets |
|
4,844.0 |
|
3,656.4 |
| Satellites, net |
|
4,715.2 |
|
4,922.6 |
| Property, net |
|
2,018.6 |
|
2,017.4 |
| Goodwill, net |
|
5,779.4 |
|
5,775.2 |
| Intangible Assets, net |
|
594.0 |
|
644.7 |
| Net Investment in Sales-type Leases
|
|
120.9 |
|
161.9 |
| Investments and Other Assets |
|
858.8 |
|
706.9 |
|
| |
|
|
|
|
| Total Assets |
|
$18,931.9 |
|
$17,885.1 |
|
| |
|
|
|
|
| LIABILITIES AND STOCKHOLDER'S EQUITY
|
|
|
|
|
|
| Current Liabilities |
|
|
|
|
| Accounts payable |
|
$1,040.3 |
|
$1,039.0 |
| Deferred revenues |
|
241.1 |
|
166.4 |
| Short-term borrowings and current portion
of long-term debt |
|
96.1 |
|
727.8 |
| Accrued liabilities and other |
|
948.0 |
|
1,269.9 |
|
| |
|
|
|
|
| Total Current Liabilities |
|
2,325.5 |
|
3,203.1 |
| Long-Term Debt |
|
4,601.7 |
|
2,390.0 |
| Other Liabilities and Deferred Credits
|
|
1,011.0 |
|
1,178.4 |
| Deferred Income Taxes |
|
424.2 |
|
581.2 |
| Commitments and Contingencies |
|
|
|
|
| Minority Interests |
|
583.9 |
|
555.3 |
| Stockholder's Equity |
|
9,985.6 |
|
9,977.1 |
|
| |
|
|
|
|
| Total Liabilities and Stockholder's
Equity |
|
$18,931.9 |
|
$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).
|
