Sprint - Nextel 2005 Annual Report Download - page 103
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SPRINT NEXTEL CORPORATION
CONSOLIDATED BALANCE SHEETS
As of December 31, 2005 and 2004
2005 2004
(in millions, except share data)
ASSETS
Current assets
Cash and cash equivalents ............................................ $ 8,902 $ 4,176
Marketable securities ................................................ 1,763 445
Accounts receivable, net ............................................. 4,827 3,107
Inventories ........................................................ 950 651
Deferred tax asset ................................................... 1,811 1,049
Prepaid expenses and other current assets ................................ 839 547
Total current assets ................................................ 19,092 9,975
Investments ......................................................... 2,369 277
Property, plant and equipment, net ..................................... 31,133 22,628
Intangible assets
Goodwill .......................................................... 21,315 4,401
FCC licenses ...................................................... 18,023 3,376
Customer relationships, net ........................................... 8,651 29
Other intangible assets, net ........................................... 1,345 30
Other assets ......................................................... 652 605
$ 102,580 $ 41,321
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities
Accounts payable ................................................... $ 3,827 $ 2,671
Accrued expenses and other ........................................... 5,176 2,943
Current portion of long-term debt and capital lease obligations ............... 5,047 1,288
Total current liabilities ............................................. 14,050 6,902
Long-term debt and capital lease obligations ............................. 20,632 15,916
Deferred income taxes ................................................ 11,687 2,176
Postretirement and other benefit obligations ............................. 1,385 1,445
Other liabilities ...................................................... 2,642 1,114
Total liabilities ................................................... 50,396 27,553
Seventh series redeemable preferred stock ............................... 247 247
Shareholders’ equity
Common stock
Voting, par value $2.00 per share, 6.500 billion and 3.000 billion shares
authorized, 2.923 billion and 1.475 billion shares issued and outstanding . . . 5,846 2,950
Non-voting, par value $0.01 per share, 100 million and 0 shares authorized,
38 million and 0 shares issued and outstanding ........................ — —
Paid-in capital ..................................................... 46,136 11,873
Retained earnings (deficit) ............................................ 681 (586)
Accumulated other comprehensive loss .................................. (726) (716)
Total shareholders’ equity .......................................... 51,937 13,521
$ 102,580 $ 41,321
See accompanying Notes to the Consolidated Financial Statements.
F-8