Windstream 2012 Annual Report Download - page 180

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
____
F-82
15. Supplemental Guarantor Information, Continued:
Condensed Consolidated Statement of Cash Flows
For the Year Ended December 31, 2010
(Millions) Parent Guarantors
Non-
Guarantors Eliminations Consolidated
Cash Provided from Operations:
Net income $ 312.7 $ 321.3 $ 340.9 $ (662.2) $ 312.7
Adjustments to reconcile net income to net cash
provided from operations:
Depreciation and amortization — 273.7 420.0 — 693.7
Provision for doubtful accounts — 11.0 37.9 — 48.9
Equity in earnings from subsidiaries (575.0)(81.2)(6.0) 662.2 —
Share-based compensation expense — 2.6 14.4 — 17.0
Pension expense — 8.3 45.8 — 54.1
Deferred income taxes (9.9) 50.1 84.9 — 125.1
Amortization of unrealized losses on de-designated
interest rate swaps 0.6———0.6
Other, net 14.1 6.7 (6.0) — 14.8
Pension contribution (41.7)———
(41.7)
Changes in operating assets and liabilities, net 18.8 (26.8)(125.9)—
(133.9)
Net cash (used in) provided from operations (280.4) 565.7 806.0 — 1,091.3
Cash Flows from Investing Activities:
Additions to property, plant and equipment —(107.5)(304.5)—
(412.0)
Acquisition of NuVox, net of cash acquired (198.4)———
(198.4)
Acquisition of Iowa Telecom, net of cash acquired (253.6)———
(253.6)
Acquisition of Hosted Solutions, net of cash
acquired (312.8)———
(312.8)
Acquisition of Q-Comm, net of cash acquired (279.1)———
(279.1)
Other, net (1.7) 3.0 0.3 — 1.6
Net cash used in investing activities (1,045.6)(104.5)(304.2)—
(1,454.3)
Cash Flows from Financing Activities:
Dividends paid on common shares (464.6)———
(464.6)
Repayment of debt and swaps (528.9)(909.9)(276.2)—
(1,715.0)
Proceeds of debt issuance 1,562.0———1,562.0
Debt issuance costs (21.8)———
(21.8)
Intercompany transactions, net (246.0) 453.2 (207.2)— —
Payment under capital lease obligations —(0.8)(0.2)—
(1.0)
Other, net (17.1) 3.5 (3.6)—
(17.2)
Net cash provided from (used in) financing
activities 283.6 (454.0)(487.2)—
(657.6)
(Decrease) increase in cash and cash equivalents (1,042.4) 7.2 14.6 — (1,020.6)
Cash and Cash Equivalents:
Beginning of period 1,046.5 1.2 15.2 — 1,062.9
End of period $ 4.1 $ 8.4 $ 29.8 $ — $ 42.3