Sprint - Nextel 2008 Annual Report Download - page 69
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SPRINT NEXTEL CORPORATION
CONSOLIDATED BALANCE SHEETS
December 31,
2009 2008
(in millions, except share and
per share data)
ASSETS
Current assets
Cash and cash equivalents ............................................... $ 3,819 $ 3,691
Short-term investments .................................................. 105 28
Accounts and notes receivable, net ........................................ 2,996 3,361
Device and accessory inventory ........................................... 628 528
Deferred tax assets ..................................................... 295 391
Prepaid expenses and other current assets ................................... 750 643
Total current assets ................................................. 8,593 8,642
Investments .............................................................. 4,624 4,241
Property, plant and equipment, net .......................................... 18,280 22,373
Intangible assets
Goodwill ............................................................. 373 —
FCC licenses and other .................................................. 19,911 19,320
Other intangible assets, net ............................................... 3,178 3,566
Other assets .............................................................. 465 408
$ 55,424 $ 58,550
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities
Accounts payable ...................................................... $ 2,267 $ 2,138
Accrued expenses and other current liabilities ................................ 3,750 3,525
Current portion of long-term debt, financing and capital lease obligations .......... 768 618
Total current liabilities .............................................. 6,785 6,281
Long-term debt, financing and capital lease obligations ......................... 20,293 20,992
Deferred tax liabilities ..................................................... 6,693 7,184
Other liabilities ........................................................... 3,558 4,178
Total liabilities .................................................... 37,329 38,635
Commitments and contingencies
Shareholders’ equity
Common shares, voting, par value $2.00 per share, 6.5 billion shares authorized,
3.007 and 2.951 billion shares issued, 2.973 and 2.857 billion shares
outstanding ......................................................... 6,015 5,902
Paid-in capital ......................................................... 46,793 47,332
Treasury shares, at cost .................................................. (582) (1,939)
Accumulated deficit .................................................... (33,779) (30,856)
Accumulated other comprehensive loss ..................................... (352) (524)
Total shareholders’ equity ........................................... 18,095 19,915
$ 55,424 $ 58,550
See Notes to the Consolidated Financial Statements
F-3