FairPoint Communications 2004 Annual Report Download - page 76

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Current liabilities:
Accounts payable $14,184 14,184 14,671
Other accrued liabilities 13,827 13,827 13,116
Accrued interest payable 531 16,582 16,739
Current portion of long-term debt 524 524 21,982
Accrued property taxes 2,045 2,045 1,968
Current portion of obligation for covenants not to compete 100 100 145
Demand notes payable 382 382 407
Income taxes payable — — 70
Liabilities of discontinued operations 2,262 2,262 4,461
Total current liabilities 33,855 49,906 73,559
Long-term liabilities:
Long-term debt, net of current portion 592,810 809,908 803,578
Preferred shares subject to mandatory redemption — 116,880 96,699
Other liabilities 4,176 12,621 12,278
Liabilities of discontinued operations 1,580 1,580 2,571
Obligation for covenants not to compete, net of current portion — — 100
Unamortized investment tax credits 46 46 85
Total long-term liabilities 598,612 941,035 915,311
Minority interest 11 11 15
Common stock subject to put options, 16 shares at December 31, 2004 and 31
shares at December 31, 2003 — 1,136 2,136
Commitments and contingencies
Stockholders' equity (deficit):
Common stock:
Class A voting, par value $0.01 per share. Authorized 44,757 shares; issued
and outstanding 8,643 shares at December 31, 2004 and 2003 — 86 86
Class B nonvoting, convertible, par value $0.01 per share. Authorized
28,423 shares; issued and outstanding 0 shares — — —
Class C nonvoting, convertible, par value $0.01 per share. Authorized 2,615
shares; issued and outstanding 809 shares at December 31, 2004 and 2003 — 8 8
Common stock (pro forma, unaudited) 349 — —
Additional paid-in capital 641,778 198,519 198,470
Unearned compensation (8,764)— —
Accumulated other comprehensive income — — 1,366
Accumulated deficit (460,551)(371,565)(347,883)
Total stockholders' equity (deficit) 172,812 (172,952)(147,953)
Total liabilities and stockholders' equity (deficit) $805,290 819,136 843,068
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