Verizon Wireless 2009 Annual Report Download - page 45

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43
Consolidated Balance Sheets
VERIZON COMMUNICATIONS INC. AND SUBSIDIARIES
(dollars in millions, except per share amounts)
At December 31, 2009 2008
Assets
Current assets
Cash and cash equivalents $ 2,009 $ 9,782
Short-term investments 490 509
Accounts receivable, net of allowances of $976 and $941 12,573 11,703
Inventories 2,289 2,092
Prepaid expenses and other 5,247 1,989
Total current assets 22,608 26,075
Plant, property and equipment 228,518 215,605
Less accumulated depreciation 137,052 129,059
91,466 86,546
Investments in unconsolidated businesses 3,535 3,393
Wireless licenses 72,067 61,974
Goodwill 22,472 6,035
Other intangible assets, net 6,764 5,199
Other investments – 4,781
Other assets 8,339 8,349
Total assets $ 227,251 $ 202,352
Liabilities and Equity
Current liabilities
Debt maturing within one year $ 7,205 $ 4,993
Accounts payable and accrued liabilities 15,223 13,814
Other 6,708 7,099
Total current liabilities 29,136 25,906
Long-term debt 55,051 46,959
Employee benefit obligations 32,622 32,512
Deferred income taxes 19,310 11,769
Other liabilities 6,765 6,301
Equity
Series preferred stock ($.10 par value; none issued) ––
Common stock ($.10 par value; 2,967,610,119 shares issued in both periods) 297 297
Contributed capital 40,108 40,291
Reinvested earnings 17,592 19,250
Accumulated other comprehensive loss (11,479) (13,372)
Common stock in treasury, at cost (5,000) (4,839)
Deferred compensation – employee stock ownership plans and other 88 79
Noncontrolling interest 42,761 37,199
Total equity 84,367 78,905
Total liabilities and equity $ 227,251 $ 202,352
See Notes to Consolidated Financial Statements