NLI - check out $12 billion in goodwill and
$15 billion (!) in long-term debt. Negative
tangible book value.
NTL Incorporated and Subsidiaries
Condensed Consolidated Balance Sheets
(in millions)
MARCH 31, DECEMBER 31,
2001 2000
------------------------------------
(unaudited) (see note)
ASSETS
Current assets:
Cash and cash equivalents $368.0 $579.4
Marketable securities -- 60.0
Accounts receivable - trade, less allowance for doubtful accounts of
$140.5 (2001) and $141.4 (2000) 523.0 729.1
Other 465.2 432.0
------------------------------------
Total current assets 1,356.2 1,800.5
Fixed assets, net 12,230.8 12,693.0
Intangible assets, net 12,604.4 13,061.0
Other assets, net of accumulated amortization of $96.6
(2001) and $91.9 (2000) 859.7 829.2
------------------------------------
Total assets $27,051.1 $28,383.7
====================================
NTL Incorporated and Subsidiaries
Condensed Consolidated Balance Sheets -- continued
(in millions)
MARCH 31, DECEMBER 31,
2001 2000
------------------------------------
(unaudited) (see note)
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Accounts payable $423.4 $506.3
Accrued expenses and other 1,221.7 1,280.6
Accrued construction costs 145.7 196.9
Interest payable 191.9 151.3
Deferred revenue 445.6 492.8
Current portion of long-term debt 4.7 12.6
------------------------------------
Total current liabilities 2,433.0 2,640.5
Long-term debt 15,131.4 15,044.1
Other 54.5 43.1
Commitments and contingent liabilities
Deferred income taxes 170.9 205.4
Redeemable preferred stock - $.01 par value, plus accreted
dividends; liquidation preference $2,115.0; less
unamortized discount of $2.4 (2001) and $2.5 (2000); issued and
outstanding 2.0 (2001) and 2.0 (2000) shares 2,112.6 2,083.2
Shareholders' equity:
Series preferred stock - $0.01 par value;
authorized 10.0 shares; liquidation preference $2,892.0; issued and
outstanding 2.9 (2001) and 2.9 (2000) shares -- --
Common stock - $.01 par value; authorized 800.0 shares; issued and
outstanding 276.2 (2001) and 272.1 (2000) shares 2.8 2.7
Additional paid-in capital 13,876.1 13,764.7
Accumulated other comprehensive (loss) (736.2) (448.9)
(Deficit) (5,994.0) (4,951.1)
------------------------------------
7,148.7 8,367.4
------------------------------------
Total liabilities and shareholders' equity $27,051.1 $28,383.7
==================================== |
