DIRECTV 2008 Annual Report Download - page 80
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THE DIRECTV GROUP, INC.
CONSOLIDATED BALANCE SHEETS
December 31,
2008 2007
(Dollars in Millions,
Except Share Data)
ASSETS
Current assets
Cash and cash equivalents ....................................... $ 2,005 $ 1,083
Accounts receivable, net ........................................ 1,423 1,535
Inventories .................................................. 192 193
Deferred income taxes ......................................... 68 90
Prepaid expenses and other ...................................... 356 245
Total current assets ........................................ 4,044 3,146
Satellites, net ................................................... 2,476 2,026
Property and equipment, net ........................................ 4,171 3,807
Goodwill ...................................................... 3,753 3,669
Intangible assets, net .............................................. 1,172 1,577
Investments and other assets ........................................ 923 838
Total assets .............................................. $16,539 $15,063
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities
Accounts payable and accrued liabilities ............................. $ 3,115 $ 3,032
Unearned subscriber revenues and deferred credits .................... 362 354
Current portion of long-term debt ................................. 108 48
Total current liabilities ...................................... 3,585 3,434
Long-term debt .................................................. 5,725 3,347
Deferred income taxes ............................................ 524 567
Other liabilities and deferred credits .................................. 1,749 1,402
Commitments and contingencies
Minority interests redeemable at fair value of $325 million as of December 31,
2008 ........................................................ 103 11
Stockholders’ equity
Common stock and additional paid-in capital—$0.01 par value, 3,000,000,000
shares authorized, 1,024,182,043 shares and 1,148,268,203 shares issued and
outstanding at December 31, 2008 and December 31, 2007, respectively .... 8,540 9,318
Accumulated deficit ........................................... (3,559) (2,995)
Accumulated other comprehensive loss ............................. (128) (21)
Total stockholders’ equity .................................... 4,853 6,302
Total liabilities and stockholders’ equity .......................... $16,539 $15,063
The accompanying notes are an integral part of these Consolidated Financial Statements.
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