FairPoint Communications 2011 Annual Report Download - page 69
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Table of Contents
Current assets:
Cash $ 17,350 $105,497
Restricted cash 24,446 2,420
Accounts receivable, net 104,298 125,170
Materials and supplies 935 22,193
Prepaid expenses 18,346 18,841
Other current assets 2,377 6,092
Deferred income tax, net 17,915 31,400
Property, plant and equipment, net 1,663,065 1,859,700
Goodwill — 595,120
Intangible assets, net 128,145 189,247
Prepaid pension asset — 2,960
Debt issue costs, net 1,779 119
Restricted cash 651 1,678
Other assets 10,338 13,357
Liabilities not subject to compromise:
Current portion of long-term debt $10,000 $ —
Current portion of capital lease obligations 1,252 1,321
Accounts payable 65,184 66,557
Claims payable and estimated claims accrual 22,839 —
Accrued interest payable 508 3
Other accrued liabilities 54,348 63,279
Capital lease obligations 2,690 3,943
Accrued pension obligation 157,961 92,246
Employee benefit obligations 531,634 344,463
Deferred income taxes 245,369 67,381
Unamortized investment tax credits — 4,310
Other long-term liabilities 14,003 12,398
Long-term debt, net of current portion 990,000 —
Liabilities subject to compromise — 2,905,311
Stockholders’ deficit:
Predecessor Company common stock, $0.01 par value, 200,000,000 shares authorized,
89,440,334 shares issued and outstanding at December 31, 2010 — 894
Additional paid-in capital, Predecessor Company — 725,786
Successor Company common stock, $0.01 par value, 37,500,000 shares authorized,
26,197,142 shares issued and outstanding at December 31, 2011 262 —
Additional paid-in capital, Successor Company 502,034 —
Retained deficit (414,945) (1,101,294)
Accumulated other comprehensive loss (193,494) (212,804)
See accompanying notes to consolidated financial statements.
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