Windstream 2013 Annual Report Download - page 225

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
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F-89
14. Supplemental Guarantor Information, Continued:
Condensed Consolidated Balance Sheet
As of December 31, 2013
(Millions) Windstream
Corp. PAETEC Issuer Guarantors Non- Guarantors Eliminations Consolidated
Assets
Current Assets:
Cash and cash equivalents $ 13.7 $ — $ 7.8 $ 26.7 $ — $ 48.2
Restricted cash 9.7 — — — — 9.7
Accounts receivable (less allowance for
doubtful accounts of $40.0) — — 251.0 384.5 (0.2) 635.3
Affiliates receivable, net — 374.3 — 3,896.4 (4,270.7) —
Inventories — — 10.6 57.1 — 67.7
Deferred income taxes 201.9 — — 76.7 (37.1) 241.5
Prepaid income taxes 29.7 0.1 — — (0.1) 29.7
Prepaid expenses and other 5.6 — 29.9 116.0 1.2 152.7
Total current assets 260.6 374.4 299.3 4,557.4 (4,306.9) 1,184.8
Investments in consolidated subsidiaries 12,064.6 — 0.1 — (12,064.7) —
Goodwill — 643.8 — 3,687.6 — 4,331.4
Other intangibles, net — — 533.6 1,486.5 — 2,020.1
Net property, plant and equipment 7.6 — 799.3 4,895.7 — 5,702.6
Deferred income taxes — 219.0 31.0 — (250.0) —
Other assets 115.3 — 16.2 74.2 — 205.7
Total Assets $ 12,448.1 $1,237.2 $ 1,679.5 $ 14,701.4 $ (16,621.6) $ 13,444.6
Liabilities and Shareholders’ Equity
Current Liabilities:
Current maturities of long-term debt $ 84.9 $ — $ — $ 0.1 $ — $ 85.0
Current portion of interest rate swaps 30.0 — — — — 30.0
Accounts payable 1.3 — 85.9 298.7 — 385.9
Affiliates payable, net 2,984.9 — 1,431.7 — (4,265.9) 150.7
Advance payments and customer deposits — — 77.7 145.8 — 223.5
Accrued taxes 0.2 — 24.5 79.3 0.3 104.3
Accrued interest 95.4 3.7 2.3 2.1 — 103.5
Other current liabilities 38.1 4.0 87.1 270.5 (37.3) 362.4
Total current liabilities 3,234.8 7.7 1,709.2 796.5 (4,302.9) 1,445.3
Long-term debt 8,044.9 475.8 — 101.5 — 8,622.2
Deferred income taxes 268.5 — — 2,019.8 (250.0) 2,038.3
Accumulated losses in excess of
investments in consolidated subsidiaries — 71.8 — — (71.8) —
Other liabilities 59.4 2.3 51.6 385.0 — 498.3
Total liabilities 11,607.6 557.6 1,760.8 3,302.8 (4,624.7) 12,604.1
Commitments and Contingencies
(See Note 13)
Shareholders’ Equity:
Common stock — — — 70.3 (70.3) —
Additional paid-in capital 812.0 842.0 — 6,918.5 (7,760.5) 812.0
Accumulated other comprehensive income 28.5 — — 32.9 (32.9) 28.5
Accumulated (deficit) retained earnings — (162.4)(81.3) 4,376.9 (4,133.2) —
Total shareholders’ equity 840.5 679.6 (81.3) 11,398.6 (11,996.9) 840.5
Total Liabilities and Shareholders’ Equity $ 12,448.1 $1,237.2 $ 1,679.5 $ 14,701.4 $ (16,621.6) $ 13,444.6