Windstream 2014 Annual Report Download - page 121
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F-5
ORGANIZATION AND RESULTS OF OPERATIONS
We provide a wide range of telecommunication services, from advanced data solutions for businesses to basic voice services. Our
sales, marketing and customer support teams are structured based upon the type of customer they serve. We deliver these services
over owned or leased network facilities. Our corporate support teams, such as finance and accounting, human resources and legal,
support our operations as a whole.
The following table reflects the consolidated operating results of Windstream Holdings as of December 31:
(Dollars in millions) (a) 2014 2013 2012
Revenues and sales:
Service revenues:
Enterprise and small business $ 2,994.7 $ 3,000.4 $ 2,963.3
Consumer 1,267.0 1,291.9 1,335.2
Carrier 734.2 779.1 775.1
Wholesale 432.5 482.9 586.2
Other 219.2 221.2 248.5
Total service revenues 5,647.6 5,775.5 5,908.3
Product sales 181.9 212.6 231.2
Total revenues and sales 5,829.5 5,988.1 6,139.5
Costs and expenses:
Cost of services (exclusive of depreciation and amortization included below) 2,719.3 2,492.1 2,692.2
Cost of products sold 156.6 183.9 206.6
Selling, general, and administrative 983.8 923.4 967.3
Depreciation and amortization 1,386.4 1,340.9 1,296.9
Merger and integration costs 40.4 30.2 65.4
Restructuring charges 35.9 8.6 27.2
Total costs and expenses 5,322.4 4,979.1 5,255.6
Operating income 507.1 1,009.0 883.9
Other income (expense), net 0.1 (12.5)4.6
(Loss) gain on early extinguishment of debt — (28.5)1.9
Interest expense (571.8)(627.7)(625.1)
(Loss) income from continuing operations before income taxes (64.6) 340.3 265.3
Income tax (benefit) expense (25.1) 105.3 98.2
(Loss) income from continuing operations (39.5) 235.0 167.1
Discontinued operations, net of tax — 6.0 0.9
Net (loss) income $ (39.5) $ 241.0 $ 168.0
(a) Certain prior year amounts have been reclassified to conform to the current year financial statement presentation. These
reclassifications did not impact net (loss) income or comprehensive (loss) income.