Verizon Wireless 2011 Annual Report Download - page 55

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53
cOnsOlidatEd BalancE sHEEts
VERIZON COMMUNICATIONS INC. AND SUBSIDIARIES
(dollars in millions, except per share amounts)
At December 31, 2011 2010
Assets
Current assets
Cash and cash equivalents $ 13,362 $ 6,668
Short-term investments 592 545
Accounts receivable, net of allowances of $802 and $876 11,776 11,781
Inventories 940 1,131
Prepaid expenses and other 4,269 2,223
Total current assets 30,939 22,348
Plant, property and equipment 215,626 211,655
Less accumulated depreciation 127,192 123,944
88,434 87,711
Investments in unconsolidated businesses 3,448 3,497
Wireless licenses 73,250 72,996
Goodwill 23,357 21,988
Other intangible assets, net 5,878 5,830
Other assets 5,155 5,635
Total assets $ 230,461 $ 220,005
Liabilities and Equity
Current liabilities
Debt maturing within one year $ 4,849 $ 7,542
Accounts payable and accrued liabilities 14,689 15,702
Other 11,223 7,353
Total current liabilities 30,761 30,597
Long-term debt 50,303 45,252
Employee benefit obligations 32,957 28,164
Deferred income taxes 25,060 22,818
Other liabilities 5,472 6,262
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 37,919 37,922
Reinvested earnings 1,179 4,368
Accumulated other comprehensive income 1,269 1,049
Common stock in treasury, at cost (5,002) (5,267)
Deferred compensation – employee stock ownership plans and other 308 200
Noncontrolling interest 49,938 48,343
Total equity 85,908 86,912
Total liabilities and equity $ 230,461 $ 220,005
See Notes to Consolidated Financial Statements