Windstream 2015 Annual Report Download - page 120

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WINDSTREAM HOLDINGS, INC.
SCHEDULE I - CONDENSED FINANCIAL INFORMATION OF
THE REGISTRANT (PARENT COMPANY)
38
STATEMENTS OF CASH FLOWS
(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
Cash Provided from Operations:
Net income (loss) $ 27.4 $ (39.5) $ 137.3
Adjustments to reconcile net income (loss) to net cash provided
from operations:
Equity (earnings) losses from subsidiaries (117.7) 38.1 (137.6)
Depreciation expense 239.7 — —
Deferred income taxes (56.2) — —
Changes in operating assets and liabilities, net:
Other current assets — — (0.1)
Net cash provided from (used in) operating activities 93.2 (1.4) (0.4)
Cash Flows from Investing Activities:
Additions to property, plant and equipment (43.1) — —
Net cash used in investing activities (43.1) — —
Cash Flows from Financing Activities:
Distributions from Windstream Services 416.6 603.6 149.4
Funding received from CS&L 43.1 — —
Dividends paid to shareholders (369.2) (602.2) (149.0)
Stock repurchases (46.2) — —
Payments under long-term lease obligation (94.4) — —
Net cash (used in) provided from financing activities (50.1) 1.4 0.4
Change in cash and cash equivalents — — —
Cash and Cash Equivalents:
Beginning of period — — —
End of period $ — $ — $ —
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