Windstream 2007 Annual Report Download - page 161

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
15. Supplemental Guarantor Information, Continued:
Condensed Consolidated Statement of Income
For the Year Ended December 31, 2006
(Millions) Parent Guarantors
Non-
Guarantors Eliminations Consolidated
Revenues and sales:
Service revenues $ - $ 521.3 $ 2,157.3 $ (45.0) $ 2,633.6
Product sales - 478.9 40.4 (119.6) 399.7
Total revenues and sales - 1,000.2 2,197.7 (164.6) 3,033.3
Costs and expenses:
Cost of services - 157.7 704.5 (3.8) 858.4
Cost of products sold - 410.7 33.2 (162.1) 281.8
Selling, general, administrative and other 0.5 102.4 261.5 1.3 365.7
Depreciation and amortization - 116.6 333.0 - 449.6
Royalty expense to Alltel - 18.3 111.3 - 129.6
Merger, integration and restructuring charges - 27.9 21.5 - 49.4
Total costs and expenses 0.5 833.6 1,465.0 (164.6) 2,134.5
Operating income (0.5) 166.6 732.7 - 898.8
Earnings from consolidated subsidiaries 588.8 9.3 (6.4) (591.7) -
Other income, net 7.5 0.8 0.4 - 8.7
Loss on extinguishment of debt - (3.0) (4.9) - (7.9)
Intercompany interest income (expense) (44.2) 10.1 66.0 - 31.9
Interest expense (196.0) (7.3) (6.3) - (209.6)
Income before income taxes and extraordinary item 355.6 176.5 781.5 (591.7) 721.9
Income taxes (benefit) (90.0) 59.2 307.1 - 276.3
Income before extraordinary item 445.6 117.3 474.4 (591.7) 445.6
Extraordinary item, net of income taxes 99.7 28.3 71.4 (99.7) 99.7
Net income $ 545.3 $ 145.6 $ 545.8 $ (691.4) $ 545.3
F-75