Windstream 2014 Annual Report Download - page 197
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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
____
F-81
13. Supplemental Guarantor Information, Continued:
Condensed Consolidating Balance Sheet
As of December 31, 2014
(Millions)
Windstream
Corp. Guarantors
Non-
Guarantors Eliminations Consolidated
Assets
Current Assets:
Cash and cash equivalents $ — $ 2.1 $ 51.7 $ (26.0) $ 27.8
Restricted cash 6.7 — — — 6.7
Accounts receivable (less allowance for doubtful
accounts of $43.4) — 136.5 499.0 — 635.5
Notes receivable - affiliate — 4.8 — (4.8)—
Affiliates receivable, net — 1,057.7 2,066.9 (3,124.6)—
Inventories — 36.9 26.8 — 63.7
Deferred income taxes 67.4 10.5 27.5 — 105.4
Prepaid expenses and other 35.5 20.4 108.7 — 164.6
Total current assets 109.6 1,268.9 2,780.6 (3,155.4) 1,003.7
Investments in consolidated subsidiaries 10,001.3 965.6 255.6 (11,222.5)—
Notes receivable - affiliate — 317.7 — (317.7)—
Goodwill 1,649.5 825.6 1,877.7 — 4,352.8
Other intangibles, net 590.7 355.2 818.1 — 1,764.0
Net property, plant and equipment 9.8 1,269.4 4,133.1 — 5,412.3
Other assets 104.2 17.1 59.3 — 180.6
Total Assets $ 12,465.1 $ 5,019.5 $ 9,924.4 $ (14,695.6) $ 12,713.4
Liabilities and Shareholders’ Equity
Current Liabilities:
Current maturities of long-term debt $ 717.4 $ — $ 0.1 $ — $ 717.5
Current portion of interest rate swaps 28.5 — — — 28.5
Accounts payable 2.1 86.9 314.3 — 403.3
Affiliates payable, net 3,277.0 — — (3,124.6) 152.4
Notes payable - affiliate — — 4.8 (4.8)—
Advance payments and customer deposits — 16.6 198.1 — 214.7
Accrued taxes 0.2 23.8 71.2 — 95.2
Accrued interest 94.3 2.1 6.1 — 102.5
Other current liabilities 32.3 18.0 278.6 — 328.9
Total current liabilities 4,151.8 147.4 873.2 (3,129.4) 2,043.0
Long-term debt 7,363.4 99.6 471.2 — 7,934.2
Notes payable - affiliate — — 317.7 (317.7)—
Deferred income taxes 658.6 418.8 801.2 — 1,878.6
Other liabilities 66.5 45.7 520.6 — 632.8
Total liabilities 12,240.3 711.5 2,983.9 (3,447.1) 12,488.6
Commitments and Contingencies (See Note 12)
Shareholders’ Equity:
Common stock — 39.4 81.9 (121.3)—
Additional paid-in capital 212.7 3,794.9 4,002.0 (7,796.9) 212.7
Accumulated other comprehensive income 12.1 — 14.5 (14.5) 12.1
Retained earnings — 473.7 2,842.1 (3,315.8)—
Total shareholders’ equity 224.8 4,308.0 6,940.5 (11,248.5) 224.8
Total Liabilities and Shareholders’ Equity $ 12,465.1 $ 5,019.5 $ 9,924.4 $ (14,695.6) $ 12,713.4