Windstream 2013 Annual Report Download - page 173

F-37
WINDSTREAM HOLDINGS, INC.
CONSOLIDATED BALANCE SHEETS
December 31,
(Millions, except par value)
Assets 2013 2012
Current Assets:
Cash and cash equivalents $ 48.2 $ 132.0
Restricted cash 9.7 26.5
Accounts receivable (less allowance for doubtful
accounts of $40.0 and $42.6, respectively) 635.3 609.0
Inventories 67.7 75.0
Deferred income taxes 241.5 249.4
Prepaid income taxes 29.7 23.3
Prepaid expenses and other 152.7 179.6
Assets held for sale — 15.7
Total current assets 1,184.8 1,310.5
Goodwill 4,331.4 4,331.4
Other intangibles, net 2,020.1 2,311.3
Net property, plant and equipment 5,702.6 5,861.8
Other assets 205.7 167.0
Total Assets $ 13,444.6 $ 13,982.0
Liabilities and Shareholders’ Equity
Current Liabilities:
Current maturities of long-term debt $ 85.0 $ 866.0
Current portion of interest rate swaps 30.0 29.0
Accounts payable 385.9 363.7
Advance payments and customer deposits 223.5 219.6
Accrued dividends 151.1 148.9
Accrued taxes 104.2 104.3
Accrued interest 103.5 113.6
Other current liabilities 362.4 322.8
Total current liabilities 1,445.6 2,167.9
Long-term debt 8,622.2 8,099.8
Deferred income taxes 2,038.3 1,896.8
Other liabilities 498.3 712.7
Total liabilities 12,604.4 12,877.2
Commitments and Contingencies (See Note 13)
Shareholders’ Equity:
Common stock, $0.0001 par value, 1,000.0 shares authorized,
596.2 and 588.2 shares issued and outstanding, respectively 0.1 0.1
Additional paid-in capital 811.6 1,098.3
Accumulated other comprehensive income 28.5 6.4
Retained earnings — —
Total shareholders’ equity 840.2 1,104.8
Total Liabilities and Shareholders’ Equity $ 13,444.6 $ 13,982.0
The accompanying notes are an integral part of these consolidated financial statements.