Windstream 2015 Annual Report Download - page 171

F-41
WINDSTREAM HOLDINGS, INC.
CONSOLIDATED BALANCE SHEETS
December 31,
(Millions, except par value)
Assets 2015 2014
Current Assets:
Cash and cash equivalents $ 31.3 $ 27.8
Restricted cash — 6.7
Accounts receivable (less allowance for doubtful
accounts of $33.1 and $43.4, respectively) 643.9 635.5
Inventories 79.5 63.7
Prepaid expenses and other 120.6 164.6
Total current assets 875.3 898.3
Goodwill 4,213.6 4,352.8
Other intangibles, net 1,504.7 1,764.0
Net property, plant and equipment 5,279.8 5,412.3
Investment in CS&L common stock 549.2 —
Other assets 95.5 92.9
Total Assets $ 12,518.1 $ 12,520.3
Liabilities and Shareholders’ Equity
Current Liabilities:
Current maturities of long-term debt $ 5.9 $ 717.5
Current portion of long-term lease obligations 152.7 —
Accounts payable 430.1 403.3
Advance payments and customer deposits 193.9 214.7
Accrued dividends 15.1 152.4
Accrued taxes 84.1 95.2
Accrued interest 78.4 102.5
Other current liabilities 306.9 357.4
Total current liabilities 1,267.1 2,043.0
Long-term debt 5,164.6 7,846.5
Long-term lease obligations 5,000.4 81.0
Deferred income taxes 287.4 1,773.2
Other liabilities 492.2 551.8
Total liabilities 12,211.7 12,295.5
Commitments and Contingencies (See Note 14)
Shareholders’ Equity:
Common stock, $0.0001 par value, 166.7 shares authorized,
96.7 and 100.5 shares issued and outstanding, respectively — —
Additional paid-in capital 602.9 252.2
Accumulated other comprehensive (loss) income (284.4) 12.1
Accumulated deficit (12.1)(39.5)
Total shareholders’ equity 306.4 224.8
Total Liabilities and Shareholders’ Equity $ 12,518.1 $ 12,520.3
The accompanying notes are an integral part of these consolidated financial statements.