FairPoint Communications 2007 Annual Report Download - page 135

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ORANGE COUNTY — POUGHKEEPSIE LIMITED PARTNERSHIP
STATEMENTS OF CHANGES IN PARTNERS’ CAPITAL
YEARS ENDED DECEMBER 31, 2007, 2006 AND 2005
General Partner Limited Partners
Warwick
Verizon Taconic Valley Total
Wireless Cellco Telephone Telephone Partners’
of the East LP Partnership Corporation Company Capital
(Dollars in thousands)
BALANCE, JANUARY 1, 2005 $ 27,530 $ — $ 2,429 $ 2,429 $ 32,388
Net income 125,382 — 11,063 11,063 147,508
Distribution to partners (113,050) — (9,975) (9,975) (133,000)
BALANCE, DECEMBER 31, 2005 39,862 — 3,517 3,517 46,896
Net income 106,160 — 9,367 9,367 124,894
Distribution to partners (103,700) — (9,150) (9,150) (122,000)
BALANCE, DECEMBER 31, 2006 42,322 — 3,734 3,734 49,790
Net income 102,803 6,398 2,108 9,635 120,944
Distribution to partners (101,151) (6,173) (2,206) (9,470) (119,000)
Transfer of partnership interest — 3,341 (3,636) 295 —
BALANCE, DECEMBER 31, 2007 $ 43,974 $ 3,566 $ — $ 4,194 $ 51,734
See notes to financial statements.
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