Verizon Wireless 2010 Annual Report Download - page 45

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43
Consolidated Balance Sheets – As Adjusted
VERIZON COMMUNICATIONS INC. AND SUBSIDIARIES
(dollars in millions, except per share amounts)
At December 31, 2010 2009
Assets
Current assets
Cash and cash equivalents $ 6,668 $ 2,009
Short-term investments 545 490
Accounts receivable, net of allowances of $876 and $976 11,781 12,573
Inventories 1,131 1,426
Prepaid expenses and other 2,223 5,247
Total current assets 22,348 21,745
Plant, property and equipment 211,655 229,743
Less accumulated depreciation 123,944 137,758
87,711 91,985
Investments in unconsolidated businesses 3,497 3,118
Wireless licenses 72,996 72,067
Goodwill 21,988 22,472
Other intangible assets, net 5,830 6,764
Other assets 5,635 8,756
Total assets $ 220,005 $ 226,907
Liabilities and Equity
Current liabilities
Debt maturing within one year $ 7,542 $ 7,205
Accounts payable and accrued liabilities 15,702 15,223
Other 7,353 6,708
Total current liabilities 30,597 29,136
Long-term debt 45,252 55,051
Employee benefit obligations 28,164 32,622
Deferred income taxes 22,818 19,190
Other liabilities 6,262 6,765
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 37,922 40,108
Reinvested earnings 4,368 7,260
Accumulated other comprehensive income (loss) 1,049 (1,372)
Common stock in treasury, at cost (5,267) (5,000)
Deferred compensation - employee stock ownership plans and other 200 89
Noncontrolling interest 48,343 42,761
Total equity 86,912 84,143
Total liabilities and equity $ 220,005 $ 226,907
See Notes to Consolidated Financial Statements