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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
____
F-80
15. Supplemental Guarantor Information, Continued:
Condensed Consolidated Statement of Cash Flows
For the Year Ended December 31, 2012
(Millions) Parent Guarantors
Non-
Guarantors Eliminations Consolidated
Cash Provided from Operations:
Net income $ 168.0 $ 280.2 $ 168.0 $ (448.2) $ 168.0
Adjustments to reconcile net income to net cash
provided from operations:
Depreciation and amortization — 315.2 982.4 — 1,297.6
Provision for doubtful accounts — 11.6 47.8 — 59.4
Equity in earnings from subsidiaries (404.9)(38.9)(4.4) 448.2 —
Share-based compensation expense — 7.9 35.3 — 43.2
Pension expense — 10.2 57.2 — 67.4
Deferred income taxes 55.2 (18.4) 42.8 — 79.6
Unamortized net premium on retired debt — — (16.2)—
(16.2)
Amortization of unrealized losses on de-
designated interest rate swaps 45.4———45.4
Plan curtailment — — (9.6)—
(9.6)
Other, net 21.7 (12.0)(26.4)—
(16.7)
Changes in operating assets and liabilities, net 275.3 (105.8)(110.0) — 59.5
Net cash provided from operations 160.7 450.0 1,166.9 — 1,777.6
Cash Flows from Investing Activities:
Additions to property, plant and equipment — (206.2)(895.0)—
(1,101.2)
Broadband network expansion funded by stimulus
grants —(23.4)(82.0)—
(105.4)
Changes in restricted cash (13.2) — 8.4 — (4.8)
Grant funds received for broadband stimulus
projects 45.7———45.7
Disposition of wireless assets — 57.0 — — 57.0
Disposition of energy business — — 6.1 — 6.1
Other, net — 2.8 (1.9) — 0.9
Net cash provided from (used in) investing
activities 32.5 (169.8)(964.4)—
(1,101.7)
Cash Flows from Financing Activities:
Dividends paid on common shares (588.0)———
(588.0)
Repayment of debt and swaps (1,744.4)—
(310.1)—
(2,054.5)
Proceeds of debt issuance 1,910.0———1,910.0
Debt issuance costs (19.1)———
(19.1)
Intercompany transactions, net 189.7 (270.3) 80.6 — —
Payment under capital lease obligations — (0.8)(19.2)—
(20.0)
Other, net 0.7 3.6 (3.6) — 0.7
Net cash used in financing activities (251.1)(267.5)(252.3)—
(770.9)
(Decrease) increase in cash and cash equivalents (57.9) 12.7 (49.8)—
(95.0)
Cash and Cash Equivalents:
Beginning of period 115.4 7.1 104.5 — 227.0
End of period $ 57.5 $ 19.8 $ 54.7 $ — $ 132.0