Verizon Wireless 2008 Annual Report Download - page 41

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39
Consolidated Balance Sheets
VERIZON COMMUNICATIONS INC. AND SUBSIDIARIES
(dollars in millions, except per share amounts)
At December 31, 2008 2007
Assets
Current assets
Cash and cash equivalents $ 9,782 $ 1,153
Short-term investments 509 2,244
Accounts receivable, net of allowances of $941 and $1,025 11,703 11,736
Inventories 2,092 1,729
Prepaid expenses and other 1,989 1,836
Total current assets 26,075 18,698
Plant, property and equipment 215,605 213,994
Less accumulated depreciation 129,059 128,700
86,546 85,294
Investments in unconsolidated businesses 3,393 3,372
Wireless licenses 61,974 50,796
Goodwill 6,035 5,245
Other intangible assets, net 5,199 4,988
Other investments 4,781 –
Other assets 8,349 18,566
Total assets $ 202,352 $ 186,959
Liabilities and Shareowners’ Investment
Current liabilities
Debt maturing within one year $ 4,993 $ 2,954
Accounts payable and accrued liabilities 13,814 14,462
Other 7,099 7,325
Total current liabilities 25,906 24,741
Long-term debt 46,959 28,203
Employee benet obligations 32,512 29,960
Deferred income taxes 11,769 14,784
Other liabilities 6,301 6,402
Minority interest 37,199 32,288
Shareowners’ investment
Series preferred stock ($.10 par value; none issued) ––
Common stock ($.10 par value; 2,967,610,119 and
2,967,610,119 shares issued) 297 297
Contributed capital 40,291 40,316
Reinvested earnings 19,250 17,884
Accumulated other comprehensive loss (13,372) (4,506)
Common stock in treasury, at cost (4,839) (3,489)
Deferred compensation-employee stock ownership plans and other 79 79
Total shareowners’ investment 41,706 50,581
Total liabilities and shareowners’ investment $ 202,352 $ 186,959
See Notes to Consolidated Financial Statements.