Windstream 2007 Annual Report Download - page 163

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
15. Supplemental Guarantor Information, Continued:
(Millions)
Condensed Consolidated Balance Sheet
As of December 31, 2007
Parent Guarantors
Non-
Guarantors Eliminations Consolidated
Assets
Current Assets:
Cash and short-term investments $ 47.2 $ 1.2 $ 23.6 $ - $ 72.0
Accounts receivable (less allowance for doubtful
accounts of $13.3) 0.2 94.5 232.4 - 327.1
Inventories - 17.6 12.5 - 30.1
Prepaid expenses and other 3.9 7.1 31.0 - 42.0
Acquired assets held for sale - 26.6 - - 26.6
Total current assets 51.3 147.0 299.5 - 497.8
Investments in consolidated subsidiaries 7,436.6 482.5 34.9 (7,954.0) -
Goodwill and other intangibles 0.1 1,897.4 1,577.4 - 3,474.9
Net property, plant and equipment 7.6 1,151.3 2,883.4 - 4,042.3
Other assets 36.2 9.1 150.4 - 195.7
Total Assets $ 7,531.8 $ 3,687.3 $ 4,945.6 $ (7,954.0) $ 8,210.7
Liabilities and Shareholders’ Equity
Current Liabilities:
Current maturities of long-term debt $ 14.0 $ 0.3 $ 10.0 $ - $ 24.3
Accounts payable 13.0 34.2 114.7 - 161.9
Affiliates payable, net 1,339.3 593.4 (1,932.7) - -
Advance payments and customer deposits - 17.2 74.2 - 91.4
Accrued dividends 113.6 - - - 113.6
Accrued taxes (33.8) 7.9 78.5 - 52.6
Accrued interest 136.6 1.7 1.3 - 139.6
Other current liabilities 14.5 11.3 31.9 - 57.7
Total current liabilities 1,597.2 666.0 (1,622.1) - 641.1
Long-term debt 5,181.6 99.9 49.7 - 5,331.2
Deferred income taxes, net (66.5) 486.7 685.9 - 1,106.1
Other liabilities 119.7 15.8 297.0 - 432.5
Total liabilities 6,832.0 1,268.4 (589.5) - 7,510.9
Commitments and Contingencies (See Note 13)
Shareholders’ Equity:
Common stock - - 60.6 (60.6) -
Additional paid-in capital 286.8 1,777.1 2,646.3 (4,423.4) 286.8
Accumulated other comprehensive income (loss) (103.0) - (53.7) 53.7 (103.0)
Retained earnings 516.0 641.8 2,881.9 (3,523.7) 516.0
Total shareholders’ equity 699.8 2,418.9 5,535.1 (7,954.0) 699.8
Total Liabilities and Shareholders’ Equity $ 7,531.8 $ 3,687.3 $ 4,945.6 $ (7,954.0) $ 8,210.7
F-77