Windstream 2008 Annual Report Download - page 127
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CONSOLIDATED BALANCE SHEETS
December 31,
(Millions, except par value)
Assets 2008 2007
Current Assets:
Cash and cash equivalents $ 296.6 $ 72.0
Accounts receivable (less allowance for doubtful accounts of $16.3 and $13.1, respectively) 316.6 320.7
Inventories 30.8 29.6
Deferred income taxes 30.8 32.0
Prepaid expenses and other 33.9 40.3
Assets held for sale:
Acquired assets held for sale - 26.6
Assets of discontinued operations - 7.2
Total current assets 708.7 528.4
Goodwill 2,198.2 2,224.2
Other intangibles 1,132.2 1,184.1
Net property, plant and equipment 3,897.1 4,030.3
Other assets 73.1 195.7
Non-current assets of discontinued operations - 78.5
Total Assets $8,009.3 $8,241.2
Liabilities and Shareholders’ Equity
Current Liabilities:
Current maturities of long-term debt $ 24.3 $ 24.3
Current portion of interest rate swaps 40.5 16.2
Accounts payable 134.0 158.1
Advance payments and customer deposits 94.0 91.1
Accrued dividends 109.9 113.6
Accrued taxes 48.0 53.2
Accrued interest 138.4 139.6
Other current liabilities 76.2 75.1
Liabilities of discontinued operations - 7.1
Total current liabilities 665.3 678.3
Long-term debt 5,358.2 5,331.2
Deferred income taxes 1,070.6 1,133.4
Other liabilities 662.9 398.5
Total liabilities 7,757.0 7,541.4
Commitments and Contingencies (See Note 13)
Shareholders’ Equity:
Common stock, $0.0001 par value, 1,000.0 shares authorized, 439.4 and 454.5 shares issued
and outstanding, respectively - -
Additional paid-in capital 101.5 286.8
Accumulated other comprehensive loss (336.6) (103.0)
Retained earnings 487.4 516.0
Total shareholders’ equity 252.3 699.8
Total Liabilities and Shareholders’ Equity $8,009.3 $8,241.2
The accompanying notes are an integral part of these consolidated financial statements.
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