FairPoint Communications 2004 Annual Report Download - page 100

Earnings in equity investments for the years ended December 31, 2004, 2003, and 2002 consisted of the following:






Orange County—Poughkeepsie Limited Partnership $10,249 8,939 6,787
Illinois Valley Cellular RSA 2, Inc. 372 543 321
Illinois Valley Cellular RSA 2-I, RSA 2- II, and RSA 2-III
Partnerships — 35 252
Chouteau Cellular Telephone Company 2 471 332
Other, net 276 104 106
Total $10,899 10,092 7,798
Distributions from equity investments during the years ended December 31, 2004, 2003, and 2002 consisted of the
following:






Orange County—Poughkeepsie Limited Partnership $11,775 10,125 8,250
Illinois Valley Cellular RSA 2, Inc. 375 325 300
Illinois Valley Cellular RSA 2-I, RSA 2-II, and RSA 2-III
Partnerships — 147 160
Chouteau Cellular Telephone Company 2,524 — 16
Distributions from other equity investments 343 178 292
Total $15,017 10,775 9,018
Chouteau Cellular Telephone Company (a limited partnership in which the Company holds a 1.0% general partner
interest and a 32.67% limited partner interest) (Chouteau) is an investment vehicle that holds a 25% member interest in
Independent Cellular Telephone, LLC (ICT). ICT, in turn, is an investment vehicle that holds a 44.45% member interest in
United States Cellular Telephone of Greater Tulsa, LLC (Tulsa, LLC). Because Tulsa, LLC is the actual operating entity
within the overall investment structure, its summary financial information is presented below, rather than summary
information for the Chouteau Cellular Telephone Company, which is the actual entity accounted for under the equity method
on the books of the Company:



Current assets $12,346
Property, plant, and equipment, net 65,394
Other 20,648
Total assets $98,388
Current liabilities $55,070
Noncurrent liabilities 2,878
Members' equity 40,440
Total liabilities and members' equity $98,388
96