Windstream 2014 Annual Report Download - page 159

F-43
WINDSTREAM CORPORATION
CONSOLIDATED BALANCE SHEETS
December 31,
(Millions, except number of shares)
Assets 2014 2013
Current Assets:
Cash and cash equivalents $ 27.8 $ 48.2
Restricted cash 6.7 9.7
Accounts receivable (less allowance for doubtful
accounts of $43.4 and $40.0, respectively) 635.5 635.3
Inventories 63.7 67.7
Deferred income taxes 105.4 241.5
Prepaid expenses and other 164.6 182.4
Total current assets 1,003.7 1,184.8
Goodwill 4,352.8 4,331.4
Other intangibles, net 1,764.0 2,020.1
Net property, plant and equipment 5,412.3 5,702.6
Other assets 180.6 205.7
Total Assets $ 12,713.4 $ 13,444.6
Liabilities and Shareholders’ Equity
Current Liabilities:
Current maturities of long-term debt $ 717.5 $ 85.0
Current portion of interest rate swaps 28.5 30.0
Accounts payable 403.3 385.9
Advance payments and customer deposits 214.7 223.5
Payable to Windstream Holdings, Inc. 152.4 150.7
Accrued taxes 95.2 104.3
Accrued interest 102.5 103.5
Other current liabilities 328.9 362.4
Total current liabilities 2,043.0 1,445.3
Long-term debt 7,934.2 8,622.2
Deferred income taxes 1,878.6 2,038.3
Other liabilities 632.8 498.3
Total liabilities 12,488.6 12,604.1
Commitments and Contingencies (See Note 12)
Shareholders’ Equity:
Common stock, 1,000 shares issued and outstanding (See Note 1) — —
Additional paid-in capital 212.7 812.0
Accumulated other comprehensive income 12.1 28.5
Retained earnings ——
Total shareholders’ equity 224.8 840.5
Total Liabilities and Shareholders’ Equity $ 12,713.4 $ 13,444.6
The accompanying notes are an integral part of these consolidated financial statements.