Windstream 2015 Annual Report Download - page 118

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36
WINDSTREAM HOLDINGS, INC.
SCHEDULE I - CONDENSED FINANCIAL INFORMATION OF
THE REGISTRANT (PARENT COMPANY)
STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
(Millions)
For the Year
Ended
December 31,
2015
For the Year
Ended
December 31,
2014
For the period of
August 30, 2013
(date of formation)
to December 31,
2013
Operating revenues:
Leasing income from subsidiaries $ 446.0 $ — $ —
Total operating revenues 446.0 ——
Costs and expenses:
Selling, general and administrative 2.0 2.3 0.5
Depreciation expense 239.7 — —
Total costs and expenses 241.7 2.3 0.5
Operating income (loss) 204.3 (2.3)(0.5)
Interest expense on long-term lease obligation with CS&L (351.6) — —
Loss before income taxes and equity in subsidiaries (147.3)(2.3)(0.5)
Income tax benefit (57.0)(0.9)(0.2)
Loss before equity in subsidiaries (90.3)(1.4)(0.3)
Equity earnings (losses) from subsidiaries 117.7 (38.1) 137.6
Net income (loss) $ 27.4 $ (39.5) $ 137.3
Comprehensive (loss) income $(269.1) $ (55.9) $ 134.4
See Notes to Condensed Financial Information (Parent Company) and Notes to Consolidated Financial Statements of
Windstream Holdings, Inc. and Subsidiaries included in the Financial Supplement