Windstream 2015 Annual Report Download - page 224

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
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F-94
16. Supplemental Guarantor Information, Continued:
Condensed Consolidating Balance Sheet
As of December 31, 2015
(Millions)
Windstream
Services Guarantors
Non-
Guarantors Eliminations Consolidated
Assets
Current Assets:
Cash and cash equivalents $ — $ 1.1 $ 33.5 $ (3.3) $ 31.3
Accounts receivable (less allowance for doubtful
accounts of $33.1) — 218.6 425.3 — 643.9
Notes receivable - affiliate — 4.8 — (4.8) —
Affiliates receivable, net — 619.1 2,435.4 (3,054.5) —
Inventories — 69.1 10.4 — 79.5
Prepaid expenses and other 321.8 32.4 64.6 (298.2) 120.6
Total current assets 321.8 945.1 2,969.2 (3,360.8) 875.3
Investments in consolidated subsidiaries 6,332.3 320.4 242.7 (6,895.4) —
Notes receivable - affiliate — 314.1 — (314.1) —
Goodwill 1,636.7 1,343.0 1,233.9 — 4,213.6
Other intangibles, net 554.3 282.8 667.6 — 1,504.7
Net property, plant and equipment 8.4 1,241.3 4,030.1 — 5,279.8
Investment in CS&L common stock 549.2 — — — 549.2
Deferred income taxes — 301.2 215.3 (516.5) —
Other assets 14.2 56.3 25.0 — 95.5
Total Assets $ 9,416.9 $ 4,804.2 $ 9,383.8 $ (11,086.8) $ 12,518.1
Liabilities and Equity
Current Liabilities:
Current maturities of long-term debt $ 5.9 $ — $ — $ — $ 5.9
Current portion of long-term lease obligations — 44.4 108.3 — 152.7
Accounts payable — 92.9 337.2 — 430.1
Affiliates payable, net 3,069.6 — — (3,054.5) 15.1
Notes payable - affiliate — — 4.8 (4.8) —
Advance payments and customer deposits — 26.3 167.6 — 193.9
Accrued taxes 0.3 11.9 370.1 (298.2) 84.1
Accrued interest 75.3 1.9 1.2 — 78.4
Other current liabilities 42.6 47.5 216.8 — 306.9
Total current liabilities 3,193.7 224.9 1,206.0 (3,357.5) 1,267.1
Long-term debt 5,065.1 99.5 — — 5,164.6
Long-term lease obligations — 1,455.2 3,545.2 — 5,000.4
Notes payable - affiliate — — 314.1 (314.1) —
Deferred income taxes 803.9 — — (516.5) 287.4
Other liabilities 47.8 25.1 419.3 — 492.2
Total liabilities 9,110.5 1,804.7 5,484.6 (4,188.1) 12,211.7
Commitments and Contingencies (See Note 14)
Equity:
Common stock — 39.4 81.9 (121.3) —
Additional paid-in capital 600.3 3,128.2 848.0 (3,976.2) 600.3
Accumulated other comprehensive (loss) income (284.4) — 2.8 (2.8)(284.4)
(Accumulated deficit) retained earnings (9.5)(168.1) 2,966.5 (2,798.4)(9.5)
Total equity 306.4 2,999.5 3,899.2 (6,898.7) 306.4
Total Liabilities and Equity $ 9,416.9 $ 4,804.2 $ 9,383.8 $ (11,086.8) $ 12,518.1