Windstream 2007 Annual Report Download - page 121
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CONSOLIDATED BALANCE SHEETS
December 31,
(Millions, except par value)
Assets 2007 2006
Current Assets:
Cash and short-term investments $ 72.0 $ 386.8
Accounts receivable (less allowance for doubtful accounts of $13.3 and $10.4, respectively) 327.1 337.2
Inventories 30.1 43.5
Prepaid expenses and other 42.0 29.2
Assets held for sale
Acquired assets held for sale 26.6 -
Directory publishing assets held for sale - 80.0
Total current assets 497.8 876.7
Goodwill 2,276.4 1,965.0
Other intangibles 1,198.5 1,100.4
Net property, plant and equipment 4,042.3 3,939.8
Other assets 195.7 148.8
Total Assets $ 8,210.7 $ 8,030.7
Liabilities and Shareholders’ Equity
Current Liabilities:
Current maturities of long-term debt $ 24.3 $ 32.2
Accounts payable 161.9 169.5
Advance payments and customer deposits 91.4 82.8
Accrued dividends 113.6 119.2
Accrued taxes 52.6 31.9
Accrued interest 139.6 148.2
Other current liabilities 57.7 68.4
Liabilities related to assets held for sale - 32.4
Total current liabilities 641.1 684.6
Long-term debt 5,331.2 5,456.2
Deferred income taxes 1,106.1 990.8
Other liabilities 432.5 429.3
Total liabilities 7,510.9 7,560.9
Commitments and Contingencies (Note 13)
Shareholders’ Equity:
Common stock, $0.0001 par value, 1,000 shares authorized, 454.5 and 478.6 shares issued
and outstanding at December 31, 2007 and 2006, respectively - -
Additional paid-in capital 286.8 550.5
Accumulated other comprehensive loss (103.0) (150.8)
Retained earnings 516.0 70.1
Total shareholders’ equity 699.8 469.8
Total Liabilities and Shareholders’ Equity $ 8,210.7 $ 8,030.7
The accompanying notes are an integral part of these consolidated financial statements.
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