Windstream 2006 Annual Report Download - page 170

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
15. Supplemental Guarantor Information, Continued:
Consolidated Statement of Income
For the Year Ended December 31, 2004
(Millions) Parent Guarantors
Non-
Guarantors Eliminations Consolidated
Revenues and sales:
Service revenues $ - $ 347.2 $ 2,198.2 $ (11.9) $ 2,533.5
Product sales - 415.0 37.5 (52.5) 400.0
Total revenues and sales - 762.2 2,235.7 (64.4) 2,933.5
Costs and expenses:
Cost of services (excluding depreciation of
$445.1, included below) - 110.9 705.2 (2.4) 813.7
Cost of products sold - 367.6 28.2 (62.0) 333.8
Selling, general, administrative and other - 63.3 264.6 - 327.9
Depreciation and amortization - 71.6 436.9 - 508.5
Royalty expense to Alltel - 37.2 233.0 - 270.2
Restructuring and other charges - 1.6 10.2 - 11.8
Total costs and expenses - 652.2 1,678.1 (64.4) 2,265.9
Operating income 110.0 557.6 - 667.6
Earnings from consolidated subsidiaries - 61.4 - (61.4) -
Other income, net - 4.6 9.1 - 13.7
Intercompany interest income (expense) - (6.4) (8.8) - (15.2)
Interest expense - (7.7) (12.7) - (20.4)
Income before income taxes - 161.9 545.2 (61.4) 645.7
Income taxes - 39.8 219.6 - 259.4
Net income $ - $ 122.1 $ 325.6 $ (61.4) $ 386.3
F-69