Frontier Communications 2006 Annual Report Download - page 85

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CITIZENS COMMUNICATIONS COMPANY AND SUBSIDIARIES
Notes to Consolidated Financial Statements
Our other comprehensive income (loss) for the years ended December 31, 2006, 2005 and 2004 is as follows:
2006
($ in thousands)
Before-Tax
Amount
Tax Expense/
(Benefit)
Net-of-Tax
Amount
Net unrealized holding losses on securities arising
during period .......................................... $ (92) $ (35) $ (57)
FAS No. 158 pension/OPEB liability ......................... 199,653 74,619 125,034
Other comprehensive income ................................. $ 199,561 $ 74,584 $ 124,977
2005
($ in thousands)
Before-Tax
Amount
Tax Expense/
(Benefit)
Net-of-Tax
Amount
Net unrealized holding losses on securities arising
during period .......................................... $ (1,055) $ (395) $ (660)
Minimum pension liability ................................. (36,416) (13,933) (22,483)
Less: Reclassification adjustments for net gains on securities
realized in net income ................................... (537) (7) (530)
Other comprehensive (loss) ................................... $ (38,008) $ (14,335) $ (23,673)
2004
($ in thousands)
Before-Tax
Amount
Tax Expense/
(Benefit)
Net-of-Tax
Amount
Net unrealized holding losses on securities arising
during period .......................................... $ (1,901) $ (742) $ (1,159)
Minimum pension liability ................................. (17,372) (6,645) (10,727)
Less: Reclassification adjustments for net gains on securities
realized in net income ................................... (26,247) (10,240) (16,007)
Other comprehensive (loss) ................................... $ (45,520) $ (17,627) $ (27,893)
(22) SEGMENT INFORMATION:
We operate in one reportable segment, Frontier. Frontier provides both regulated and unregulated
communications services to residential, business and wholesale customers and is typically the incumbent
provider in its service areas. As permitted by SFAS No. 131, we have utilized the aggregation criteria in
combining our markets because all of our Frontier properties share similar economic characteristics, in that they
provide the same products and services to similar customers using comparable technologies in all of the states in
which we operate. The regulatory structure is generally similar. Differences in the regulatory regime of a
particular state do not impact the economic characteristics or operating results of a particular property.
Information for 2004 relates to our electric utility segment that was sold during 2004 and did not meet the
criteria for classification as a discontinued operation.
($ in thousands) For the year ended December 31, 2004
Frontier Electric
Total
Segments
Revenue ................................................... $ 2,012,643 $ 9,735 $ 2,022,378
Depreciation and Amortization ................................. 549,381 — 549,381
Management Succession and Strategic Alternatives Expenses ......... 90,632 — 90,632
Operating Income (Loss) ...................................... 463,435 (3,134) 460,301
Capital Expenditures ......................................... 263,949 — 263,949
Assets ..................................................... 6,679,899 — 6,679,899
F-37