| Balance Sheet
As on June 30, 2010, the company has cash and cash equivalents of $2.9 billion and short term investments of $1.7 billion. Accounts receivables at the end of 2Q10 were $2.2 billion versus $2.1 billion at year-end FY09. Total current assets were $9.6 billion as of June 30, 2010 versus $8.8 billion as of December 31, 2009.
At quarter-end, the company also had long term non−recourse and recourse debt outstanding of $13.1 billion and $4.6 billion, respectively. Shareholders’ equity at quarter-end was $10.7 billion versus $8.9 billion in FY09.
The company’s total liquidity as of June 30, 2010 increased to $2.2 billion from $1.3 billion at year-end 2009, primarily driven by $1.6 billion cash proceeds from the share issuance in March 2010.
Cash Flow
Consolidated operating cash flow increased $210 million y/y to $747.0 million in 2Q10 based on improved pricing, volumes and collections. Proportional Cash Flow from Operating Activities increased by $44 million to $349 million. Consolidated free cash flow increased $180 million y/y to $588.0 million and Proportional free cash flow increased $21.0 million y/y to $232.0 million in 2Q10.
For 2010, the company maintained its consolidated operating cash flow guidance of $2.775-$2.975 billion, consolidated free cash flow of $2.0-$2.2 billion, proportional free cash flow of $0.9-$1.1 billion and subsidiary distributions of $1.1-$1.2 billion.
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