Sprint - Nextel 2007 Annual Report Download - page 115
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SPRINT NEXTEL CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
Note 5. Supplemental Balance Sheet Information
December 31,
2007 2006
(in millions)
Accounts and notes receivable, net
Trade ................................................................ $ 4,065 $ 4,335
Unbilled trade and other ................................................. 523 738
Less allowance for doubtful accounts ...................................... (392) (383)
$ 4,196 $ 4,690
Prepaid expenses and other current assets
Receivable under securities loan agreements (see note 9) ....................... — $ 866
Prepaid expenses ....................................................... 395 406
Deferred charges and other ............................................... 245 182
$ 640 $ 1,454
Property, plant and equipment, net
Land ................................................................ $ 321 $ 280
Network equipment, site costs and software ................................. 35,622 29,913
Buildings and improvements ............................................. 4,694 4,442
Non-network internal use software, office equipment and other .................. 3,293 3,479
Less accumulated depreciation and amortization .............................. (21,473) (16,569)
22,457 21,545
Network asset inventory and construction in progress .......................... 4,039 4,323
$ 26,496 $ 25,868
Accounts payable
Trade ................................................................ $ 2,750 $ 2,364
Accrued interconnection costs ............................................ 469 487
Construction obligations and other ......................................... 262 322
$ 3,481 $ 3,173
Accrued expenses and other current liabilities
Current deferred revenues ............................................... $ 1,191 $ 1,257
Securities loan agreements (see note 9) ..................................... — 866
Accrued taxes ......................................................... 561 559
Payroll and related ..................................................... 355 468
Accrued interest ....................................................... 440 390
Other ................................................................ 1,415 1,886
$ 3,962 $ 5,426
Other liabilities
Deferred rental income—communications towers ............................. $ 930 $ 999
Deferred rent .......................................................... 1,146 944
Accrued taxes—uncertain tax benefits ...................................... 553 —
Non-current deferred revenue ............................................. 245 204
Post-retirement benefits and other non-current employee related liabilities ......... 363 421
Other ................................................................ 611 614
$ 3,848 $ 3,182
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