FairPoint Communications 2009 Annual Report Download - page 63
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Table of Contents
58
Capital expenditures $ 178,752 $ 296,992 $ 149,458 $ 213,808 $ 202,889
Access line equivalents(2) 1,554,733 1,721,709 1,600,971 1,703,375 1,745,192
Residential access lines 802,668 926,610 882,933 966,267 1,011,878
Business access lines 364,897 392,496 371,041 390,379 406,377
Wholesale access lines 97,161 107,243 124,123 149,998 189,865
High Speed Data
subscribers 290,007 295,360 222,874 196,731 137,072
Net cash provided by
operating activities $ 150,323 $ 57,505 $ 264,504 $ 340,590 $ 271,628
Net cash used in investing
activities (177,391) (283,332) (137,216) (212,542) (210,298)
Net cash provided by (used
in) financing activities 66,098 296,152 (127,288) (128,048) (61,330)
Cash, excluding restricted
cash of $4,036 and
$68,503 at
December 31, 2009 and
2008 $ 109,355 $ 70,325 $ — $ — $ —
Property, plant and
equipment, net 1,950,435 2,013,515 1,628,066 1,701,425 1,738,448
Total assets 3,172,122 3,335,940 1,938,172 2,044,796 2,181,826
Total long term debt 2,515,446 2,470,253 — — —
Total stockholders' equity
(deficit) (218,427) 23,786 1,119,162 1,211,913 1,267,694
(1) Interest expense includes amortization of debt issue costs aggregating $3.8 million and $3.2 million for the fiscal years ended
December 31, 2009 and 2008, respectively, as well as amortization of debt discount of $0.5 million and $0.4 million for the fiscal
years ended December 31, 2009 and 2008, respectively. Debt issue costs of $23.8 million on the Pre-petition Credit Facility and
$9.9 million of discount on the Notes were written off following the filing of the Chapter 11 Cases in order to adjust the carrying
amount of our pre-petition debt to the Bankruptcy Court approved amount of the allowed claims for our pre-petition debt. These
write-offs are included in Reorganization items.
(2) Total access line equivalents includes voice access lines and high speed data lines, which include DSL lines, wireless broadband,
cable modem and fiber-to-the-premises.