Earthlink 2008 Annual Report Download - page 298

HELIO, INC. and HELIO LLC
NOTES TO COMBINED FINANCIAL STATEMENTS
20. Reconciliation of HELIO, Inc. and HELIO LLC (Summarized Financial Data)
As discussed more fully in Note 1, the combined financial statements include the accounts of HELIO, Inc. and HELIO LLC. The
following presents the summarized balance sheets and statements of operations for HELIO, Inc. and HELIO LLC on a stand-
alone basis, and any
adjustments required to combine the entities as presented at and for the periods ended December 31, 2005, 2006 and 2007 (in thousands):
(a) 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.
37
At and for the period inception (January 27, 2005) to December 31, 2005
Combined
HELIO LLC HELIO, Inc. Adjustments HELIO, Inc.
Total assets (less due from HELIO, Inc.)
$
223,947
$
—
$
—
$
223,947
Due from HELIO, Inc.
50
—
(
50
)(a)
—
Total assets
$
223,997
$
—
$
(
50
)
$
223,947
Total liabilities (less due to HELIO LLC)
$
20,306
$
—
$
—
$
20,306
Due to HELIO LLC
—
50
(50
)(a)
—
Total liabilities
$
20,306
50
(50
)
20,306
Stockholders
’
and partners
’
equity
203,691
$
(50
)
203,641
Total liabilities and stockholders
’
and partners
’
equity
$
223,997
$
—
$
(
50
)(a)
$
223,947
Net Loss
$
(41,973
)
$
(50
)
$
—
$
(
42,023
)