Windstream 2007 Annual Report Download - page 167

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
15. Supplemental Guarantor Information, Continued:
(Millions)
Condensed Combined Statement of Cash Flows
For the Year Ended December 31, 2005
Parent Guarantors
Non-
Guarantors Eliminations Consolidated
Cash Provided from Operations:
Net income $ - $ 124.3 $ 321.7 $(71.7) $ 374.3
Adjustments to reconcile net income to net cash
provided from operations:
Cumulative effect of accounting change, net of
income tax benefit - - 7.4 - 7.4
Depreciation and amortization - 69.0 405.2 - 474.2
Provision for doubtful accounts - 8.9 20.3 - 29.2
Pension and postretirement benefits expense - 4.8 27.0 - 31.8
Deferred taxes - (5.2) 8.3 - 3.1
Other, net - 1.7 0.1 - 1.8
Changes in operating assets and liabilities, net: - 1.9 62.7 - 64.6
Net cash provided from operations - 205.4 852.7 (71.7) 986.4
Cash Flows from Investing Activities:
Additions to property, plant and equipment - (44.3) (312.6) - (356.9)
Other, net - 10.9 (7.6) - 3.3
Net cash used in investing activities - (33.4) (320.2) - (353.6)
Cash Flows from Financing Activities:
Dividends paid to Alltel prior to spin off - (62.8) (181.1) 10.3 (233.6)
Repayment of debt - (0.2) (21.9) - (22.1)
Changes in advances to Alltel prior to spin off - (108.0) (331.9) 61.4 (378.5)
Net cash used in financing activities - (171.0) (534.9) 71.7 (634.2)
Increase (decrease) in cash and short-term
investments - 1.0 (2.4) - (1.4)
Cash and Short-term Investments:
Beginning of the year - 6.1 7.2 - 13.3
End of the year $ - $ 7.1 $ 4.8 $ - $ 11.9
F-81