Windstream 2014 Annual Report Download - page 109

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WINDSTREAM HOLDINGS, INC.
SCHEDULE I - CONDENSED FINANCIAL INFORMATION OF
THE REGISTRANT (PARENT COMPANY)
33
Background and Basis of Presentation: Following its formation on August 30, 2013, Windstream Holdings, Inc. (“Windstream
Holdings”) has no material assets or operations other than its ownership in Windstream Corporation (“Windstream Corp.”) and
its subsidiaries. Certain covenants within Windstream Corp.’s senior secured credit facility may restrict its ability to distribute
funds to Windstream Holdings in the form of dividends, loans or advances. Accordingly, these condensed financial statements of
Windstream Holdings have been presented on a “Parent Only” basis. Under this basis of presentation, Windstream Holdings’
investment in its consolidated subsidiaries are presented under the equity method of accounting. The condensed parent company
financial statements should be read in conjunction with the consolidated financial statements and notes of Windstream Holdings
and subsidiaries included in the Financial Supplement to this Annual Report on Form 10-K.