Windstream 2014 Annual Report Download - page 205
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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
____
F-89
13. Supplemental Guarantor Information, Continued:
Condensed Consolidating Balance Sheet
As of December 31, 2014
(Millions) Windstream
Corp.
PAETEC
Issuer Guarantors
Non-
Guarantors Eliminations Consolidated
Assets
Current Assets:
Cash and cash equivalents $ — $ — $ 4.6 $ 49.2 $ (26.0) $ 27.8
Restricted cash 6.7 — — — — 6.7
Accounts receivable (less allowance for
doubtful accounts of $43.4) — — 286.1 350.5 (1.1) 635.5
Affiliates receivable, net — 346.6 — 4,187.7 (4,534.3)—
Inventories — — 19.4 44.3 — 63.7
Deferred income taxes 67.4 — — 76.5 (38.5) 105.4
Prepaid expenses and other 35.5 — 30.9 96.5 1.7 164.6
Total current assets 109.6 346.6 341.0 4,804.7 (4,598.2) 1,003.7
Investments in consolidated subsidiaries 10,001.3 — 0.9 — (10,002.2)—
Goodwill 1,649.5 643.8 — 2,059.5 — 4,352.8
Other intangibles, net 590.7 — 413.6 759.7 — 1,764.0
Net property, plant and equipment 9.8 — 697.1 4,705.4 — 5,412.3
Deferred income taxes — 219.0 63.7 — (282.7)—
Other assets 104.2 — 16.8 59.6 — 180.6
Total Assets $ 12,465.1 $1,209.4 $ 1,533.1 $ 12,388.9 $ (14,883.1) $ 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 — 101.9 299.3 — 403.3
Affiliates payable, net 3,277.0 — 1,430.4 — (4,555.0) 152.4
Advance payments and customer deposits — — 78.5 136.2 — 214.7
Accrued taxes 0.2 — 25.2 69.4 0.4 95.2
Accrued interest 94.3 3.7 1.8 2.7 — 102.5
Other current liabilities 32.3 4.9 83.0 248.3 (39.6) 328.9
Total current liabilities 4,151.8 8.6 1,720.8 756.0 (4,594.2) 2,043.0
Long-term debt 7,363.4 469.4 — 101.4 — 7,934.2
Deferred income taxes 658.6 — — 1,502.7 (282.7) 1,878.6
Accumulated losses in excess of
investments in consolidated subsidiaries — 210.4 — — (210.4)—
Other liabilities 66.5 1.7 53.0 511.6 — 632.8
Total liabilities 12,240.3 690.1 1,773.8 2,871.7 (5,087.3) 12,488.6
Commitments and Contingencies
(See Note 12)
Shareholders’ Equity:
Common stock — — — 67.7 (67.7)—
Additional paid-in capital 212.7 842.0 0.7 6,017.1 (6,859.8) 212.7
Accumulated other comprehensive income 12.1 — — 20.5 (20.5) 12.1
Accumulated (deficit) retained earnings — (322.7)(241.4) 3,411.9 (2,847.8)—
Total shareholders’ equity 224.8 519.3 (240.7) 9,517.2 (9,795.8) 224.8
Total Liabilities and Shareholders’ Equity $ 12,465.1 $1,209.4 $ 1,533.1 $ 12,388.9 $ (14,883.1) $ 12,713.4