Windstream 2012 Annual Report Download - page 189

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
____
F-91
15. Supplemental Guarantor Information, Continued:
Condensed Consolidated Statement of Cash Flows
For the Year Ended December 31, 2010
(Millions) Parent
PAETEC
Issuer Guarantors
Non-
Guarantors Eliminations Consolidated
Cash Provided from Operations:
Net income $ 312.7 $ — $ — $ 575.0 $ (575.0) $ 312.7
Adjustments to reconcile net income to net
cash provided from operations:
Depreciation and amortization — — — 693.7 — 693.7
Provision for doubtful accounts — — — 48.9 — 48.9
Equity in earnings from subsidiaries (575.0) — — — 575.0 —
Share-based compensation expense — — — 17.0 — 17.0
Pension expense — — — 54.1 — 54.1
Deferred income taxes (9.9) — — 135.0 — 125.1
Amortization of unrealized losses on de-
designated interest rate swaps 0.6 — — — — 0.6
Other, net 14.1 — — 0.7 — 14.8
Pension contribution (41.7) — — — (41.7)
Changes in operating assets and liabilities, net 18.8 — — (152.7)—
(133.9)
Net cash (used in) provided from
operations (280.4) — — 1,371.7 — 1,091.3
Cash Flows from Investing Activities:
Additions to property, plant and equipment —— —
(412.0)—
(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) — — 3.3 — 1.6
Net cash used in investing activities (1,045.6) — — (408.7)—
(1,454.3)
Cash Flows from Financing Activities:
Dividends paid on common shares (464.6) — — — — (464.6)
Repayment of debt and swaps (528.9) — — (1,186.1)—
(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) — — 246.0 — —
Payment under capital lease obligations —— —(1.0)—(1.0)
Other, net (17.1) — — (0.1)—
(17.2)
Net cash provided from (used in)
financing activities 283.6 — — (941.2)—
(657.6)
(Decrease) increase in cash and cash
equivalents (1,042.4) — — 21.8 — (1,020.6)
Cash and Cash Equivalents:
Beginning of period 1,046.5 — — 16.4 — 1,062.9
End of period $ 4.1 $ — $ — $ 38.2 $ — $ 42.3