Windstream 2014 Annual Report Download - page 208

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
____
F-92
13. Supplemental Guarantor Information, Continued:
Condensed Consolidating Statement of Cash Flows
For the Year Ended December 31, 2013
(Millions) Windstream
Corp.
PAETEC
Issuer Guarantors
Non-
Guarantors Eliminations Consolidated
Cash Provided from Operations:
Net cash (used in) provided from
operations $ (186.2) $ (56.0) $ 253.9 $ 1,510.5 $ (2.4) $ 1,519.8
Cash Flows from Investing Activities:
Additions to property, plant and equipment (2.0) — (161.4)(677.6)—
(841.0)
Broadband network expansion funded by
stimulus grants —— —
(36.1)—
(36.1)
Changes in restricted cash 15.3 — 1.5 — — 16.8
Grant funds received for broadband
stimulus projects 68.0 — — — — 68.0
Grant funds received from Connect America
Fund — — — 60.7 — 60.7
Disposition of software business — — 30.0 — — 30.0
Other, net — — — (6.0)—
(6.0)
Net cash provided from (used in)
investing activities 81.3 — (129.9)(659.0)—
(707.6)
Cash Flows from Financing Activities:
Dividends paid to shareholders (444.6) — — — — (444.6)
Distributions to Windstream Holdings, Inc. (149.4) — — — — (149.4)
Repayments of debt and swaps (4,500.9) (650.0)—
(10.1)—
(5,161.0)
Proceeds of debt issuance 4,919.6 — — — — 4,919.6
Debt issuance costs (30.0) — — — — (30.0)
Intercompany transactions, net 273.1 706.0 (127.8)(853.7) 2.4 —
Payments under capital lease obligations — — (14.9)(9.0)—
(23.9)
Other, net (6.7) — — — — (6.7)
Net cash provided from (used in)
financing activities 61.1 56.0 (142.7)(872.8)2.4
(896.0)
Decrease in cash and cash equivalents (43.8) — (18.7)(21.3)—
(83.8)
Cash and Cash Equivalents:
Beginning of period 57.5 — 26.5 48.0 — 132.0
End of period $ 13.7 $ — $ 7.8 $ 26.7 $ — $ 48.2