Comprehensive Annual Financial Report for the ... - WMATA.com

Washington Metropolitan Area Transit AuthorityFY 2009 Comprehensive Annual Financial ReportStatements of Net Assets (Continued)June 30, 2009 and 2008(in thousands)2009 2008LIABILITIESCurrent liabilities:Accounts payable and accrued expenses $ 214,825 $ 207,168Accrued salaries and benefits 91,444 80,996Accrued interest payable 3,984 4,628Deferred revenue 60,305 69,209Current portion of estimated liabilityfor injury and damage claims (notes 10 and 12) 47,462 39,220Current portion of retainage on contracts (note 12) 2,437 1,847Current portion of deferred lease revenue (note 12) 3,401 5,469Current portion of bonds payable and other debt (notes 6 and 12) 29,693 398,163Current portion of obligations under lease agreements (notes 11 and 12) 83,543 162,925Total current liabilities 537,094 969,625Noncurrent liabilities:Estimated liability for injury and damage claims (notes 10 and 12) 78,681 72,305Retainage on contracts (note 12) 26,927 30,292Deferred lease revenue (note 12) 24,504 45,018Bonds payable and other debt (notes 6 and 12) 406,178 124,963Obligations under lease agreements (notes 11 and 12) 756,575 1,212,685Unfunded OPEB Liability (note 9) 118,653 59,247Total noncurrent liabilities 1,411,518 1,544,510Commitments and contingencies (notes 8, 9, 10 and 11)NET ASSETSTotal liabilities 1,948,612 2,514,135Invested in capital assets, net of related debt 7,642,442 7,649,507Restricted 305,953 205,337Total net assets $ 7,948,395 $ 7,854,844The accompanying notes are an integral part of the basic financial statements.22