FairPoint Communications 2004 Annual Report Download - page 515

ORANGE COUNTY - POUGHKEEPSIE LIMITED PARTNERSHIP
STATEMENTS OF CHANGES IN PARTNERS’ CAPITAL
YEARS ENDED DECEMBER 31, 2004, 2003 AND 2002
(Dollars in Thousands)
General Partner Limited Partners
NYNEX Mobile
Limited
Partnership 2
Verizon
Wireless
of the East LP
Taconic
Telephone
Corporation
Warwick
Valley
Telephone
Company
Total
Partners’
Capital
BALANCE, JANUARY 1, 2002 $38,915 $ — $ 3,433 $3,433 $45,781
Net income 46,092 36,671 7,303 7,303 97,369
Distribution to partners (25,500) (42,500)(6,000)(6,000)(80,000)
Transfer of Partnership interest (59,507)59,507 — — —
BALANCE, DECEMBER 31, 2002 —53,678 4,736 4,736 63,150
Net income —103,332 9,118 9,118 121,568
Distribution to partners —(114,750) (10,125) (10,125) (135,000)
BALANCE, DECEMBER 31, 2003 — 42,260 3,729 3,729 49,718
Net income —118,720 10,475 10,475 139,670
Distribution to partners —(133,450)(11,775)(11,775)(157,000)
BALANCE, DECEMBER 31, 2004 $ — $ 27,530 $ 2,429 $2,429 $32,388
See notes to financial statements.
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