FairPoint Communications 2006 Annual Report Download - page 143

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ORANGE COUNTY - POUGHKEEPSIE LIMITED PARTNERSHIP
STATEMENTS OF CASH FLOWS
YEARS ENDED DECEMBER 31, 2006, 2005 AND 2004
(Dollars in Thousands)
2006 2005 2004
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income $ 124,894 $ 147,508 $ 139,670
Adjustments to reconcile net income to net cash provided by operating
activities:
Depreciation and amortization 6,720 6,347 5,521
Net loss on sale of property, plant and equipment — 1 60
Changes in certain assets and liabilities:
Accounts receivable 156 (10)(171)
Unbilled revenue 13 (350)(383)
Prepaid expenses and other current assets 46 (105)(3)
Accounts payable and accrued liabilities 68 (5) 88
Advance billings (72)(72)(166)
Long term liabilities 139 189 —
Net cash provided by operating activities 131,964 153,503 144,616
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures, including purchases from affiliates, net (8,257)(9,599)(10,484)
Change in due from General Partner, net (1,707)(7,802)19,766
Net cash used in / (provided by) investing activities (9,964)(17,401)9,282
CASH FLOWS FROM FINANCING ACTIVITIES:
Change in due to General Partner —(3,102)3,102
Distribution to partners (122,000)(133,000)(157,000)
Net cash used in financing activities (122,000)(136,102)(153,898)
CHANGE IN CASH — — —
CASH—BEGINNING OF YEAR — — —
CASH—END OF YEAR $ — $ — $ —
NONCASH TRANSACTIONS FROM INVESTING AND FINANCING
ACTIVITIES:
Accruals for capital expenditures $ 36 $ 174 $434
See notes to financial statements.
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