| December 31 (in millions, except share data) | 2006 | 2005 |
|---|---|---|
| Assets | ||
| Current Assets | ||
| Cash and cash equivalents | $ 1,239 | $ 947 |
| Investments | 1,735 | 148 |
| Accounts receivable, less allowance for doubtful accounts of $157 and $132 | 1,450 | 1,008 |
| Other current assets | 778 | 685 |
| Current assets of discontinued operations | — | 60 |
| Total current assets | 5,202 | 2,848 |
| Investments | 8,847 | 12,675 |
| Property and equipment, net of accumulated depreciation of $15,506 and $12,079 | 21,248 | 17,704 |
| Franchise rights | 55,927 | 48,804 |
| Goodwill | 13,768 | 13,498 |
| Other intangible assets, net of accumulated amortization of $5,543 and $4,635 | 4,881 | 3,118 |
| Other noncurrent assets, net | 532 | 635 |
| Noncurrent assets of discontinued operations, net | — | 4,118 |
| $ 110,405 | $ 103,400 | |
Liabilities and Stockholders' Equity | ||
| Current Liabilities | ||
| Accounts payable and accrued expenses related to trade creditors | $ 2,862 | $ 2,239 |
| Accrued salaries and wages | 453 | 360 |
| Other current liabilities | 2,579 | 2,122 |
| Deferred income taxes | 563 | 2 |
| Current portion of long-term debt | 983 | 1,689 |
| Current liabilities of discontinued operations | — | 112 |
| Total current liabilities | 7,440 | 6,524 |
| Long-term debt, less current portion | 27,992 | 21,682 |
| Deferred income taxes | 27,089 | 27,370 |
| Other noncurrent liabilities | 6,476 | 6,920 |
| Noncurrent liabilities of discontinued operations | — | 28 |
| Minority interest | 241 | 657 |
| Commitments and contingencies (Note 13) | ||
| Stockholders' equity | ||
| Preferred stock — authorized 20,000,000 shares; issued, zero | — | — |
| Class A common stock, $0.01 par value — authorized, 7,500,000,000 shares; issued, 2,425,818,710 and 2,410,511,727; outstanding, 2,060,357,960, and 2,045,050,977 | 24 | 24 |
| Class A Special common stock, $0.01 par value — authorized, 7,500,000,000 shares; issued 1,120,659,771 and 1,224,368,823; outstanding, 1,049,725,007 and 1,153,434,059 | 11 | 12 |
| Class B common stock, $0.01 par value — authorized, 75,000,000 shares; issued and outstanding, 9,444,375 | — | — |
| Additional capital | 42,401 | 42,989 |
| Retained earnings | 6,214 | 4,825 |
| Treasury stock, 365,460,750 Class A common shares and 70,934,764 Class A Special common shares | (7,517) | (7,517) |
| Accumulated other comprehensive income (loss) | 34 | (114) |
| Total stockholders' equity | 41,167 | 40,219 |
| $ 110,405 | $ 103,400 |
See notes to consolidated financial statements.
