Windstream 2015 Annual Report Download - page 178

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F-48
WINDSTREAM SERVICES, LLC
CONSOLIDATED STATEMENTS OF MEMBER EQUITY
(Millions, except per share amounts)
Common Stock
and Additional
Paid-In
Capital
Accumulated
Other
Comprehensive
Income (Loss)
Retained
Earnings
(Accumulated
Deficit) Total
Balance at December 31, 2012 $ 1,098.4 $ 6.4 $ — $ 1,104.8
Net income — — 241.3 241.3
Other comprehensive income, net of tax:
Change in postretirement and pension plans — (17.5) — (17.5)
Amortization of unrealized losses on de-designated
interest rate swaps — 22.2 — 22.2
Changes in designated interest rate swaps — 17.4 — 17.4
Comprehensive income — 22.1 241.3 263.4
Share-based compensation expense (See Note 9) 26.8 — — 26.8
Stock options exercised 0.8 — — 0.8
Stock issued to employee savings plan (See Note 8) 20.4 — — 20.4
Stock issued to qualified pension plan (See Note 8) 27.8 — — 27.8
Taxes withheld on vested restricted stock and other (8.0) — — (8.0)
Distributions payable to Windstream Holdings, Inc. (354.2) — (241.3) (595.5)
Balance at December 31, 2013 $ 812.0 $ 28.5 $ — $ 840.5
Net loss — — (38.1) (38.1)
Other comprehensive loss, net of tax:
Change in postretirement and pension plans — (11.9) — (11.9)
Amortization of unrealized losses on de-designated
interest rate swaps — 9.8 — 9.8
Changes in designated interest rate swaps — (14.3) — (14.3)
Comprehensive loss — (16.4) (38.1) (54.5)
Share-based compensation expense (See Note 9) 22.1 — — 22.1
Stock options exercised 1.6 — — 1.6
Stock issued for management incentive compensation plans
(See Note 9) 1.4 — — 1.4
Stock issued to employee savings plan (See Note 8) 21.6 — — 21.6
Stock issued to qualified pension plan (See Note 8) 8.3 — — 8.3
Taxes withheld on vested restricted stock and other (11.6) — — (11.6)
Distributions payable to Windstream Holdings, Inc. (604.6) — — (604.6)
Balance at December 31, 2014 $ 250.8 $ 12.1 $ (38.1) $ 224.8
Net income — — 28.6 28.6
Other comprehensive (loss) income, net of tax:
Unrealized holding loss on available-for-sale securities — (286.5) — (286.5)
Change in postretirement and pension plans — (11.7) — (11.7)
Amortization of unrealized losses on de-designated
interest rate swaps — 7.1 — 7.1
Changes in designated interest rate swaps — (5.4) — (5.4)
Comprehensive loss (income) — (296.5) 28.6 (267.9)
Effect of REIT spin-off (See Note 3) 585.6 — — 585.6
Share-based compensation expense (See Note 9) 25.0 — — 25.0
Stock issued for management incentive compensation plans
(See Note 9) 5.9 — — 5.9
Stock issued to employee savings plan (See Note 8) 21.6 — — 21.6
Taxes withheld on vested restricted stock and other (9.7) — — (9.7)
Distributions payable to Windstream Holdings, Inc. (278.9) — — (278.9)
Balance at December 31, 2015 $ 600.3 $ (284.4) $ (9.5) $ 306.4
The accompanying notes are an integral part of these consolidated financial statements.