Windstream 2006 Annual Report Download - page 175

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
15. Supplemental Guarantor Information, Continued:
Statement of Cash Flows
For the Year Ended December 31, 2004
(Millions) Parent Guarantors
Non-
Guarantors Eliminations Consolidated
Cash Provided from Operations:
Net income $ - $ 122.1 $ 325.6 $ (61.4) $ 386.3
Adjustments to reconcile net income to net cash provided
from operations:
Depreciation and amortization - 71.6 436.9 - 508.5
Provision for doubtful accounts - 14.4 23.9 - 38.3
Deferred taxes - (4.8) 70.9 - 66.1
Other, net - 4.8 1.0 - 5.8
Changes in operating assets and liabilities, net of effects of
acquisitions and dispositions: - (8.3) (28.4) - (36.7)
Net cash provided from operations - 199.8 829.9 (61.4) 968.3
Cash Flows from Investing Activities:
Additions to property, plant and equipment - (46.8 ) (291.0) - (337.8)
Other, net - (18.3) 20.5 - 2.2
Net cash used in investing activities - (65.1) (270.5) - (335.6)
Cash Flows from Financing Activities:
Dividends paid to Alltel prior to spin-off - (63.7) (178.7) 3.3 (239.1)
Repayments of borrowings - (0.2) (21.9) - (22.1)
Changes in advances to Alltel prior to spin-off - (68.0) (356.0) 58.1 (365.9)
Net cash used in financing activities - (131.9) (556.6) 61.4 (627.1)
Effect of exchange rate changes on cash and short-term
investments - (0.1 ) - - (0.1)
Increase (decrease) in cash and short-term investments - 2.7 2.8 - 5.5
Cash and Short-term Investments:
Beginning of the year - 3.5 4.3 - 7.8
End of the year $ - $ 6.2 $ 7.1 $ - $ 13.3
F-74