FairPoint Communications 2005 Annual Report Download - page 238
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ORANGE COUNTY - POUGHKEEPSIE LIMITED PARTNERSHIP
STATEMENTS OF CASH FLOWS
YEARS ENDED DECEMBER 31, 2005, 2004 AND 2003
(Dollars in Thousands)
2005 2004 2003
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income $ 147,508 $ 139,670 $121,568
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for losses on accounts receivable — — 30
Depreciation and amortization 6,347 5,521 5,179
Net loss / (gain) on sale of property, plant and equipment 1 60 (3)
Changes in certain assets and liabilities:
Accounts receivable (10)(171)14
Unbilled revenue (350)(383)259
Prepaid expenses and other current assets (105)(3)(13)
Accounts payable and accrued liabilities (5) 88 (887)
Advance billings and other current liabilities 117 (166) 63
Net cash provided by operating activities 153,503 144,616 126,210
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures, including purchases from affiliates, net (9,599)(10,484)(5,325)
Change in due from General Partner (7,802)19,766 14,115
Net cash used in / (provided by) investing activities (17,401)9,282 8,790
CASH FLOWS FROM FINANCING ACTIVITIES:
Change in due to General Partner (3,102)3,102 —
Distribution to partners (133,000)(157,000)(135,000)
Net cash used in financing activities (136,102)(153,898)(135,000)
INCREASE IN CASH ———
CASH, BEGINNING OF YEAR ———
CASH, END OF YEAR $ — $ — $ —
See notes to financial statements.
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