Sprint - Nextel 2007 Annual Report Download - page 88
Download and view the complete annual report
Please find page 88 of the 2007 Sprint - Nextel annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78 -
79 -
80 -
81 -
82 -
83 -
84 -
85 -
86 -
87 -
88 -
89 -
90 -
91 -
92 -
93 -
94 -
95 -
96 -
97 -
98 -
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
 |
 |
SPRINT NEXTEL CORPORATION
CONSOLIDATED BALANCE SHEETS
December 31,
2007 2006
(in millions)
ASSETS
Current assets
Cash and cash equivalents ................................................ $ 2,246 $ 2,046
Marketable securities .................................................... 194 15
Accounts and notes receivable, net ......................................... 4,196 4,690
Device and accessory inventory ............................................ 938 1,176
Deferred tax assets ...................................................... 447 923
Prepaid expenses and other current assets .................................... 640 1,454
Total current assets ................................................. 8,661 10,304
Investments ............................................................... 165 253
Property, plant and equipment, net ........................................... 26,496 25,868
Intangible assets
Goodwill ............................................................. 935 30,904
FCC licenses and other .................................................. 21,123 19,935
Customer relationships, net ............................................... 4,203 7,256
Other definite lived intangible assets, net .................................... 1,835 1,962
Other assets ............................................................... 691 679
$ 64,109 $97,161
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities
Accounts payable ....................................................... $ 3,481 $ 3,173
Accrued expenses and other current liabilities ................................ 3,962 5,426
Current portion of long-term debt and capital lease obligations ................... 1,661 1,143
Total current liabilities ............................................... 9,104 9,742
Long-term debt and capital lease obligations ................................... 20,469 21,011
Deferred tax liabilities ...................................................... 8,689 10,095
Other liabilities ............................................................ 3,848 3,182
Total liabilities ..................................................... 42,110 44,030
Commitments and contingencies
Shareholders’ equity
Common shares, voting, par value $2.00 per share, 6.5 billion shares authorized,
2.951 billion shares issued and 2.845 billion shares outstanding and 2.951 billion
shares issued and 2.897 billion shares outstanding ........................... 5,902 5,902
Paid-in capital ......................................................... 46,693 46,664
Treasury shares, at cost .................................................. (2,161) (925)
(Accumulated deficit) retained earnings ..................................... (28,324) 1,638
Accumulated other comprehensive loss ..................................... (111) (148)
Total shareholders’ equity ............................................ 21,999 53,131
$ 64,109 $97,161
See Notes to Consolidated Financial Statements
F-3