Frontier Communications 2005 Annual Report Download - page 82

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F-33
CITIZENS COMMUNICATIONS COMPANY AND SUBSIDIARIES
Notes to Consolidated Financial Statements
($ in thousands) For the year ended December 31, 2004
Frontier ELI Electric
Total
Segments
Revenue . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 2,002,657 $ 156,030 $ 9,735 $ 2,168,422
Depreciation and Amortization . . . . . . . . . . . . . . . . . 546,747 24,061 — 570,808
Management Succession and Strategic
Alternatives Expenses . . . . . . . . . . . . . . . . . . . . . . 87,279 3,353 — 90,632
Operating Income (Loss) . . . . . . . . . . . . . . . . . . . . . . 468,889 10,350 (3,134) 476,105
Capital Expenditures . . . . . . . . . . . . . . . . . . . . . . . . . 263,193 11,644 — 274,837
Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6,077,424 173,369 — 6,250,793
($ in thousands) For the year ended December 31, 2003
Frontier ELI Gas Electric
Total
Segments
Revenue . . . . . . . . . . . . . . . . . . . . . $ 2,020,171 $ 165,389 $ 137,686 $ 100,928 $ 2,424,174
Depreciation and Amortization . . 569,651 23,510 — — 593,161
Reserve for Telecommunications
Bankruptcies . . . . . . . . . . . . . . (5,524 ) 1,147 — — (4,377 )
Restructuring and Other Expenses 9,373 314 — — 9,687
Loss on Impairment . . . . . . . . . . . — — — 15,300 15,300
Operating Income (Loss) . . . . . . . 530,368 9,710 14,013 (3,359 ) 550,732
Capital Expenditures . . . . . . . . . . 243,445 9,496 9,877 13,984 276,802
Assets . . . . . . . . . . . . . . . . . . . . . . 6,399,953 184,559 — 23,130 6,607,642
The following table presents supplemental financial data for ELI.
Summary Income Statement for ELI
( $ in thousands)
For the years ended
December 31,
2005 2004
Revenue . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 159,161 $ 156,030
Operating expenses . . . . . . . . . . . . . . . . . . . . . . . . . . 115,878 121,619
Depreciation expense . . . . . . . . . . . . . . . . . . . . . . . . . 24,977 24,061
Non-operating expense, net . . . . . . . . . . . . . . . . . . . . 185 629
Income before income taxes . . . . . . . . . . . . . . . . . . . . $ 18,121 $ 9,721
The following tables are reconciliations of certain sector items to the total consolidated amount.
Capital Expenditures 2005 2004 2003
Total segment capital expenditures . . . . . . . . . . . . . . $ 268,312 $ 274,837 $ 276,802
General capital expenditures . . . . . . . . . . . . . . . . . . . 147 367 569
Consolidated reported capital expenditures . . . . . . . . $ 268,459 $ 275,204 $ 277,371
Assets 2005 2004
Total segment assets . . . . . . . . . . . . . . . . . . . . . . . . . . $ 5,973,765 $ 6,250,793
General assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 438,344 393,504
Discontinued operations assets . . . . . . . . . . . . . . . . . — 24,122
Consolidated reported assets . . . . . . . . . . . . . . . . . . . $ 6,412,109 $ 6,668,419