Windstream 2012 Annual Report Download - page 186
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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
____
F-88
15. Supplemental Guarantor Information, Continued:
Condensed Consolidated Balance Sheet
As of December 31, 2011
(Millions) Parent
PAETEC
Issuer Guarantors
Non-
Guarantors Eliminations Consolidated
Assets
Current Assets:
Cash and cash equivalents $ 115.4 $ — $ 63.5 $ 48.1 $ — $ 227.0
Restricted cash 11.9 — 9.8 — — 21.7
Accounts receivable (less allowance for
doubtful accounts of $29.9) — — 273.3 384.1 — 657.4
Affiliates receivable, net — 1,565.9 — 2,934.1 (4,500.0)—
Income tax receivable 122.0 — — 2.1 — 124.1
Inventories — — 13.8 62.7 — 76.5
Deferred income taxes 153.0 — 6.2 76.7 (3.8) 232.1
Prepaid income taxes 163.4 0.1 — — (148.2) 15.3
Prepaid expenses and other 3.4 — 32.9 66.6 — 102.9
Assets held for sale — — 10.7 50.7 — 61.4
Total current assets 569.1 1,566.0 410.2 3,625.1 (4,652.0) 1,518.4
Investments in consolidated subsidiaries 11,620.0 1.4 — 0.8 (11,622.2)—
Goodwill — 614.0 — 3,687.7 — 4,301.7
Other intangibles, net — — 862.2 1,823.1 — 2,685.3
Net property, plant and equipment 7.6 — 874.7 4,826.9 — 5,709.2
Deferred income taxes — 220.0 2.1 — (222.1)—
Other assets 95.4 — 9.2 72.9 — 177.5
Total Assets $12,292.1 $ 2,401.4 $ 2,158.4 $ 14,036.5 $ (16,496.3) $ 14,392.1
Liabilities and Shareholders’ Equity
Current Liabilities:
Current maturities of long-term debt and
capital lease obligations $ 33.8 $ 150.0 $ 19.0 $ 10.9 $ — $ 213.7
Current portion of interest rate swaps 30.5 — — — — 30.5
Accounts payable 1.0 — 115.7 179.3 — 296.0
Affiliates payable, net 2,796.6 — 1,703.5 — (4,500.1)—
Advance payments and customer deposits — — 92.3 151.6 — 243.9
Accrued dividends 148.0 — — — — 148.0
Accrued taxes 0.3 0.1 39.9 225.8 (148.2) 117.9
Accrued interest 114.0 45.7 0.1 2.0 — 161.8
Other current liabilities 29.8 4.8 105.2 115.2 (3.8) 251.2
Total current liabilities 3,154.0 200.6 2,075.7 684.8 (4,652.1) 1,463.0
Long-term debt and capital lease obligations 7,432.0 1,361.7 30.2 112.8 — 8,936.7
Deferred income taxes 91.8 — — 1,980.1 (222.1) 1,849.8
Other liabilities 119.0 1.9 55.9 476.4 (5.9) 647.3
Total liabilities 10,796.8 1,564.2 2,161.8 3,254.1 (4,880.1) 12,896.8
Commitments and Contingencies
(See Note 13)
Shareholders’ Equity:
Common stock 0.1 — — 70.3 (70.3) 0.1
Additional paid-in capital 1,493.3 842.0 — 6,918.5 (7,760.5) 1,493.3
Accumulated other comprehensive income 1.9 — — 61.9 (61.9) 1.9
(Accumulated deficit) retained earnings — (4.8)(3.4) 3,731.7 (3,723.5)—
Total shareholders’ equity 1,495.3 837.2 (3.4) 10,782.4 (11,616.2) 1,495.3
Total Liabilities and Shareholders’ Equity $12,292.1 $ 2,401.4 $ 2,158.4 $ 14,036.5 $ (16,496.3) $ 14,392.1