Windstream 2014 Annual Report Download - page 97
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21
Item 1B. Unresolved Staff Comments
No reportable information under this item.
Item 2. Properties
We own property, which consists primarily of land and buildings, office and warehouse facilities, central office equipment, software,
outside plant and related equipment. Outside communications plant includes aerial and underground cable, conduit, poles and
wires. Central office equipment includes digital switches and peripheral equipment. As such, our properties do not provide a basis
for description by character or location of principal units. All of our property is considered to be in good working condition and
suitable for its intended purpose.
Our gross investment in property, by category, as of December 31, 2014, was as follows:
(Millions)
Land $ 44.3
Building and improvements 655.5
Central office equipment 5,750.4
Outside communications plant 6,906.6
Furniture, vehicles and other equipment 1,616.0
Total $ 14,972.8
Certain of our properties are pledged as collateral to secure long-term debt obligations of Windstream Corp. The obligations under
Windstream Corp.’s senior secured credit facility are secured by liens on all of the personal property assets and the related operations
of our subsidiaries who are guarantors of the senior secured credit facility.
Item 3. Legal Proceedings
We are party to various legal proceedings, including certain lawsuits claiming infringement of patents relating to various aspects
of our business. In certain of the patent matters, other industry participants are also parties, and we may have claims of
indemnification against vendors/suppliers. The ultimate resolution of these legal proceedings cannot be determined at this
time. However, based on current circumstances, Management does not believe such proceedings, individually or in the aggregate,
will have a material adverse effect on the future consolidated results of our income, cash flows or financial condition.
In addition, management is currently not aware of any environmental matters, individually or in the aggregate, that would have a
material adverse effect on our consolidated financial condition or results of our operations.
Item 4. Mine Safety Disclosures
Not applicable.