Windstream 2011 Annual Report Download - page 135

F-27
Recently Issued Authoritative Guidance
The following authoritative guidance will be adopted by us in the reporting period indicated. This authoritative guidance,
together with our evaluation of the related impact to the consolidated financial statements, is more fully described in Note 2.
• Fair Value Measurements (first quarter of 2012)
• Goodwill Impairment (first quarter of 2012)
• Balance Sheet Offsetting (first quarter of 2013)
Forward-Looking Statements
This Management’s Discussion and Analysis of Financial Condition and Results of Operations includes, and future filings on
Form 10-K, Form 10-Q and Form 8-K and future oral and written statements by us and our management may include, certain
forward-looking statements. We claim the protection of the safe-harbor for forward-looking statements contained in the Private
Securities Litigation Reform Act of 1995 for this Annual Report on Form 10-K. Forward looking statements include, but are not
limited to, statements about expected levels of support from universal service funds or other government programs, expected
rates of loss of access lines or inter-carrier compensation, expected increases in high-speed Internet and business data
connections, our expected ability to fund operations, capital expenditures and certain debt maturities from cash flows from
operations, expected synergies and other benefits from completed acquisitions, expected effective federal income tax rates and
forecasted capital expenditure amounts. These and other forward-looking statements are based on estimates, projections,
beliefs, and assumptions that we believe are reasonable but are not guarantees of future events and results. Actual future events
and our results may differ materially from those expressed in these forward-looking statements as a result of a number of
important factors.
Factors that could cause actual results to differ materially from those contemplated in our forward looking statements include,
among others:
• further adverse changes in economic conditions in the markets served by us;
• the extent, timing and overall effects of competition in the communications business;
• the impact of new, emerging or competing technologies;
• the uncertainty regarding the implementation of the Federal Communications Commission's ("FCC") rules on
intercarrier compensation in 2011, and the potential for the adoption of further rules by the FCC or Congress on
intercarrier compensation and/or universal service reform proposals that result in a significant loss of revenue to us;
• the risks associated with the integration of acquired businesses or the ability to realize anticipated synergies, cost
savings and growth opportunities;
• for certain operations where we lease facilities from other carriers, adverse effects on the availability, quality of service
and price of facilities and services provided by other carriers on which our services depend;
• the availability and cost of financing in the corporate debt markets;
• the potential for adverse changes in the ratings given to our debt securities by nationally accredited ratings
organizations;
• the effects of federal and state legislation, and rules and regulations governing the communications industry;
• material changes in the communications industry that could adversely affect vendor relationships with equipment and
network suppliers and customer relationships with wholesale customers;
• unfavorable results of litigation;
• continued access line loss;
• unfavorable rulings by state public service commissions in proceedings regarding universal service funds, inter-carrier
compensation or other matters that could reduce revenues or increase expenses;
• the effects of work stoppages;