Compliments of Ally.
GLOBAL CROSSING LTD. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
(In millions, except share and per share information)
June 30, December 31,
2001 2000
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(Unaudited)
ASSETS:
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Cash and cash equivalents............................. $ 1,923 $ 1,477
Restricted cash and cash equivalents.................. 167 146
Accounts receivable, net.............................. 758 880
Other assets and prepaid costs........................ 661 679
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Total current assets.............................. 3,509 3,182
Property and equipment, net........................... 11,823 10,030
Goodwill and intangibles, net......................... 10,085 10,481
Other assets.......................................... 1,372 1,523
Net assets of discontinued operations................. -- 4,969
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Total assets...................................... $26,789 $30,185
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LIABILITIES AND SHAREHOLDERS' EQUITY:
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Short-term borrowings................................. $ 61 $ 1,000
Accounts payable...................................... 344 401
Accrued construction costs............................ 942 811
Other current liabilities............................. 2,425 2,455
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Total current liabilities......................... 3,772 4,667
Long-term debt........................................ 6,048 6,271
Deferred revenue...................................... 2,694 1,700
Other deferred liabilities............................ 1,427 1,740
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Total liabilities................................. 13,941 14,378
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MINORITY INTEREST..................................... 874 949
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MANDATORILY REDEEMABLE AND CUMULATIVE CONVERTIBLE
PREFERRED STOCK...................................... 3,159 3,158
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SHAREHOLDERS' EQUITY:
Common stock, 3,000,000,000 shares authorized, par
value $0.01 per share, 908,681,193 and 906,339,273
shares issued as of June 30, 2001, and December 31,
2000, respectively................................. 9 9
Treasury stock, 22,033,758 shares................... (209) (209)
Additional paid-in capital and other shareholders'
equity............................................. 12,127 13,766
Accumulated deficit................................. (3,112) (1,866)
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8,815 11,700
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Total liabilities and shareholders' equity........ $26,789 $30,185
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