FairPoint Communications 2010 Annual Report Download - page 73
Download and view the complete annual report
Please find page 73 of the 2010 FairPoint Communications annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63 -
64 -
65 -
66 -
67 -
68 -
69 -
70 -
71 -
72 -
73 -
74 -
75 -
76 -
77 -
78 -
79 -
80 -
81 -
82 -
83 -
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
-
189
-
190
-
191
-
192
-
193
-
194
-
195
 |
 |
Table of Contents
Current assets:
Cash $ 105,497 $ 109,355
Restricted cash 2,420 2,558
Accounts receivable, net 125,170 154,095
Materials and supplies 22,193 18,884
Prepaid expenses 18,841 15,198
Other current assets 6,092 8,844
Deferred income tax, net 31,400 75,713
Property, plant, and equipment, net 1,859,700 1,950,435
Goodwill 595,120 595,120
Intangibles assets, net 189,247 211,819
Prepaid pension asset 2,960 8,808
Debt issue costs, net 119 680
Restricted cash 1,678 1,478
Other assets 13,357 19,135
Liabilities not subject to compromise:
Current portion of capital lease obligations $ 1,321 $ —
Accounts payable 66,557 61,681
Accrued interest payable 3 36
Other accrued liabilities 63,279 44,004
Capital lease obligations 3,943 —
Accrued pension obligation 92,246 51,438
Employee benefit obligations 344,463 261,420
Deferred income taxes 67,381 115,742
Unamortized investment tax credits 4,310 4,788
Other long-term liabilities 12,398 15,100
Liabilities subject to compromise 2,905,311 2,836,340
Stockholders’ deficit:
Common stock, $0.01 par value, 200,000,000 shares authorized, issued and outstanding 89,440,334 and
90,002,026 shares at December 31, 2010 and 2009, respectively 894 900
Additional paid-in capital 725,786 725,312
Retained deficit (1,101,294) (819,715)
Accumulated other comprehensive loss (212,804) (124,924)
See accompanying notes to consolidated financial statements.
72