Windstream 2014 Annual Report Download - page 206
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Please find page 206 of the 2014 Windstream annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
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F-90
13. Supplemental Guarantor Information, Continued:
Condensed Consolidating Balance Sheet
As of December 31, 2013
(Millions) Windstream
Corp.
PAETEC
Issuer Guarantors
Non-
Guarantors Eliminations Consolidated
Assets
Current Assets:
Cash and cash equivalents $ 13.7 $ — $ 7.8 $ 26.7 $ — $ 48.2
Restricted cash 9.7 — — — — 9.7
Accounts receivable (less allowance for
doubtful accounts of $40.0) — — 251.0 384.5 (0.2) 635.3
Affiliates receivable, net — 374.3 — 3,670.4 (4,044.7)—
Inventories — — 10.6 57.1 — 67.7
Deferred income taxes 202.1 — — 76.5 (37.1) 241.5
Prepaid expenses and other 35.3 0.1 29.9 116.0 1.1 182.4
Total current assets 260.8 374.4 299.3 4,331.2 (4,080.9) 1,184.8
Investments in consolidated subsidiaries 9,997.5 — 0.8 — (9,998.3)—
Goodwill 1,649.5 643.8 — 2,038.1 — 4,331.4
Other intangibles, net 645.0 — 533.6 841.5 — 2,020.1
Net property, plant and equipment 10.2 — 799.3 4,893.1 — 5,702.6
Deferred income taxes — 219.0 31.0 — (250.0)—
Other assets 120.3 — 16.2 69.2 — 205.7
Total Assets $ 12,683.3 $ 1,237.2 $ 1,680.2 $ 12,173.1 $ (14,329.2) $ 13,444.6
Liabilities and Shareholders’ Equity
Current Liabilities:
Current maturities of long-term debt $ 84.9 $ — $ — $ 0.1 $ — $ 85.0
Current portion of interest rate swaps 30.0 — — — — 30.0
Accounts payable 5.0 — 85.9 295.0 — 385.9
Affiliates payable, net 2,758.9 — 1,431.7 — (4,039.9) 150.7
Advance payments and customer deposits — — 77.7 145.8 — 223.5
Accrued taxes 0.2 — 24.5 79.3 0.3 104.3
Accrued interest 95.4 3.7 2.3 2.1 — 103.5
Other current liabilities 38.1 4.0 87.1 270.5 (37.3) 362.4
Total current liabilities 3,012.5 7.7 1,709.2 792.8 (4,076.9) 1,445.3
Long-term debt 8,044.9 475.8 — 101.5 — 8,622.2
Deferred income taxes 724.7 — — 1,563.6 (250.0) 2,038.3
Accumulated losses in excess of
investments in consolidated subsidiaries — 71.8 — — (71.8)—
Other liabilities 60.7 2.3 51.6 383.7 — 498.3
Total liabilities 11,842.8 557.6 1,760.8 2,841.6 (4,398.7) 12,604.1
Commitments and Contingencies
(See Note 12)
Shareholders’ Equity:
Common stock — — — 67.7 (67.7)—
Additional paid-in capital 812.0 842.0 — 5,865.0 (6,707.0) 812.0
Accumulated other comprehensive
income 28.5 — — 32.4 (32.4) 28.5
Accumulated (deficit) retained earnings — (162.4)(80.6) 3,366.4 (3,123.4)—
Total shareholders’ equity 840.5 679.6 (80.6) 9,331.5 (9,930.5) 840.5
Total Liabilities and Shareholders’
Equity $ 12,683.3 $ 1,237.2 $ 1,680.2 $ 12,173.1 $ (14,329.2) $ 13,444.6