Windstream 2009 Annual Report Download - page 151

Download and view the complete annual report

Please find page 151 of the 2009 Windstream annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 196

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188
  • 189
  • 190
  • 191
  • 192
  • 193
  • 194
  • 195
  • 196

CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY
(Millions, except per share amounts)
Additional
Paid-In
Capital
Accumulated
Other
Comprehensive
Income (Loss)
Retained
Earnings Total
Balance at December 31, 2006 $ 550.5 $ (150.8) $ 70.1 $ 469.8
Net income - - 917.1 917.1
Other comprehensive income (loss), net of tax: (See Note 11)
Change in employee benefit plans - 73.4 - 73.4
Unrealized holding losses on interest rate swaps - (25.6) - (25.6)
Comprehensive income - 47.8 917.1 964.9
Additional transfers from Alltel (See Note 7) 15.1 - - 15.1
Stock-based compensation expense 15.9 - - 15.9
Common shares retired pursuant to split off of directory business
(See Note 3) (253.5) - - (253.5)
Stock repurchase (40.1) - - (40.1)
Other, net (1.1) - - (1.1)
Dividends of $1.00 per share declared to stockholders - - (471.2) (471.2)
Balance at December 31, 2007 $ 286.8 $ (103.0) $ 516.0 $ 699.8
Net income - - 412.7 412.7
Other comprehensive income (loss), net of tax: (See Note 11)
Change in employee benefit plans - (194.5) - (194.5)
Unrealized holding losses on interest rate swaps - (39.1) - (39.1)
Comprehensive income (loss) - (233.6) 412.7 179.1
Stock repurchase (200.3) - - (200.3)
Stock-based compensation expense 18.1 - - 18.1
Tax withheld on vested restricted stock and other (3.1) - - (3.1)
Dividends of $1.00 per share declared to stockholders - - (441.3) (441.3)
Balance at December 31, 2008 $ 101.5 $ (336.6) $ 487.4 $ 252.3
Net income - - 334.5 334.5
Other comprehensive income, net of tax: (See Note 11)
Change in employee benefit plans - 107.9 - 107.9
Unrealized holding gains on interest rate swaps - 20.4 - 20.4
Comprehensive income - 128.3 334.5 462.8
Stock repurchase (121.3) - - (121.3)
Stock-based compensation expense 17.4 - - 17.4
Tax withheld on vested restricted stock and other (8.6) - - (8.6)
Stock issued to D&E shareholders (See Note 3) 94.6 - - 94.6
Dividends of $1.00 per share declared to stockholders - - (436.5) (436.5)
Balance at December 31, 2009 $ 83.6 $ (208.3) $ 385.4 $ 260.7
The accompanying notes are an integral part of these consolidated financial statements.
F-37