Earthlink 2007 Annual Report Download - page 206

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HELIO, INC. and HELIO LLC
NOTES TO COMBINED FINANCIAL STATEMENTS (Continued)
20. Reconciliation of HELIO, Inc. and HELIO LLC (Summarized Financial Data) (Continued)
(c)
At and for the year ended December 31, 2007
HELIO LLC
HELIO, Inc.
Adjustments
Combined
HELIO, Inc.
Total assets (less due from HELIO, Inc and HELIO LLC
respectively.)
$
170,073
$
9,526
$
(9,526
)
(d)
$
170,073
Due from HELIO, Inc.
373
—
(
373
)
(c)
—
Due from HELIO LLC.
—
62,642
(62,642
)
(e)
—
Total assets
$
170,446
$
72,168
$
(72,541
)
$
170,073
Total liabilities (less due to HELIO, Inc and Helio LLC
respectively)
$
108,929
$
62,642
$
(62,642
)
(e)
$
108,929
Due to Helio, Inc
62,642
—
62,642
Due to HELIO LLC
—
373
(373
)
(c)
—
Total liabilities
171,571
63,015
(63,015
)
171,571
Stockholders' and partners' equity
(1,125
)
9,153
(9,526
)
(d)
(1,498
)
Total liabilities and stockholders' and partners' equity
$
170,446
$
72,168
$
(72,541
)
$
170,073
Net Loss
$
(326,387
)
$
(175
)
$
—
$
(
326,562
)
Adjustments represent the elimination of costs incurred by HELIO, Inc., which are largely for Delaware state franchise taxes that was
subsequently paid for by HELIO LLC on behalf of HELIO, Inc.
(d) Adjustment represents the elimination of HELIO, Inc.'s investment in HELIO LLC.
(e)
Adjustment represents the elimination of cash received for Partner convertible notes payable by HELIO LLC on behalf of HELIO, Inc.
42