FairPoint Communications 2002 Annual Report Download - page 507

Miscellaneous services 788,808 637,263 442,516
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6,880,771 7,320,743 6,149,146
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OPERATING EXPENSES
Cost of sales 3,628,394 3,563,141 2,817,688
Cost of equipment sales 578,473 570,489 555,587
Selling, general, and administrative 2,280,964 2,080,607 1,758,277
Depreciation 580,137 493,940 489,717
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7,067,968 6,708,177 5,621,269
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OPERATING INCOME (187,257) 612,566 527,877
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OTHER INCOME (EXPENSES)
Interest expense (52,682) (56,560) (103,842)
Interest during construction 20,308 - -
Other, net 8,041 14,352 13,129
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(24,333) (42,208) (90,713)
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NET INCOME $ (211,590) $ 570,358 $ 437,164
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The accompanying notes are an integral part of these financial statements.
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ILLINOIS VALLEY CELLULAR RSA 2-III PARTNERSHIP
STATEMENTS OF PARTNERS' CAPITAL
DECEMBER 31, 2002, 2001, AND 2000
Total
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Balance at December 31, 1999 $ 1,988,174
Net Income 437,164
Distribution (99,994)
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Balance at December 31, 2000 2,325,344
Net Income 570,358
Distribution (399,761)
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Balance at December 31, 2001 2,495,941
Net Income (Loss) (211,590)
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Balance at December 31, 2002 $ 2,284,351
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The accompanying notes are an integral part of these financial statements.
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ILLINOIS VALLEY CELLULAR RSA 2-III PARTNERSHIP