FairPoint Communications 2004 Annual Report Download - page 82

Cash flows from financing activities of continuing operations:
Proceeds from issuance of long-term debt 178,550 317,680 129,080
Repayment of long-term debt (193,761)(294,414)(140,560)
Repurchase of shares of common stock subject to put options (1,000)(1,000)(1,000)
Repurchase of redeemable preferred stock — (8,645)—
Loan origination and offering costs (7,750)(15,593)(63)
Dividends paid to minority stockholders (5)(4)(3)
Net cash used in financing activities of continuing operations (23,966)(1,976)(12,546)
Net cash contributed to (from) continuing operations from (to) discontinued
operations (3,031)23,361 (10,353)
Net increase (decrease) in cash (2,008)209 2,475
Cash, beginning of year 5,603 5,394 2,919
Cash, end of year $3,595 5,603 5,394
Supplemental disclosures of cash flow information:
Interest paid $80,736 77,351 76,611
Income taxes paid, net of refunds $1,055 701 252
Supplemental disclosures of noncash financing activities:
Redeemable preferred stock issued in connection with long-term debt
settlement $ — — 93,861
Long-term debt forgiveness in connection with Carrier Services' debt
settlement $ — — 2,000
Redeemable preferred stock dividends paid in-kind $ — 8,163 10,918
Gain on repurchase of redeemable preferred stock $ — 2,905 —
Accretion of redeemable preferred stock $ — 729 1,000
Long-term debt issued in connection with Carrier Services' interest rate
swap settlement $ — — 3,003
Long-term debt issued in connection with Carrier Services' Tranche B
interest payment $115 1,548 887
See accompanying notes to consolidated financial statements.
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