Windstream 2013 Annual Report Download - page 178

F-42
WINDSTREAM CORPORATION
CONSOLIDATED BALANCE SHEETS
December 31,
(Millions, except par value and number of shares)
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
Payable to Windstream Holdings, Inc. 150.7 —
Advance payments and customer deposits 223.5 219.6
Accrued dividends — 148.9
Accrued taxes 104.3 104.3
Accrued interest 103.5 113.6
Other current liabilities 362.4 322.8
Total current liabilities 1,445.3 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 12,604.1 12,877.2
Commitments and Contingencies (See Note 13)
Shareholders’ Equity:
Common stock, 1,000 shares issued and outstanding (See Note 1) — —
Common stock, $0.0001 par value, 1,000.0 shares authorized,
588.2 million shares issued and outstanding at December 31, 2012 — 0.1
Additional paid-in capital 812.0 1,098.3
Accumulated other comprehensive income 28.5 6.4
Retained earnings — —
Total shareholders’ equity 840.5 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.