FairPoint Communications 2013 Annual Report Download - page 62

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See accompanying notes to consolidated financial statements.
60
FAIRPOINT COMMUNICATIONS, INC. AND SUBSIDIARIES
Consolidated Balance Sheets
December 31, 2013 and 2012
(in thousands, except share data)
December 31, 2013 December 31, 2012
Assets:
Cash $ 42,700 $ 23,203
Restricted cash 543 6,818
Accounts receivable, net 89,248 86,999
Prepaid expenses 26,552 20,128
Other current assets 3,876 4,219
Deferred income tax, net 18,250 16,376
Assets held for sale — 12,549
Total current assets 181,169 170,292
Property, plant and equipment, net 1,301,292 1,438,309
Intangible assets, net 105,886 116,992
Debt issue costs, net 7,101 1,111
Restricted cash 651 651
Other assets 3,799 5,006
Total assets $ 1,599,898 $ 1,732,361
Liabilities and Stockholders' Deficit:
Current portion of long-term debt $ 6,400 $ 10,000
Current portion of capital lease obligations 1,445 1,220
Accounts payable 37,876 40,654
Claims payable and estimated claims accrual 256 1,282
Accrued interest payable 9,977 176
Accrued payroll and related expenses 34,897 30,952
Other accrued liabilities 55,994 58,262
Liabilities held for sale — 407
Total current liabilities 146,845 142,953
Capital lease obligations 447 1,470
Accrued pension obligations 153,534 203,537
Accrued post-retirement healthcare obligations 584,734 616,379
Deferred income taxes 85,948 127,361
Other long-term liabilities 25,864 11,474
Long-term debt, net of current portion 911,722 947,000
Total long-term liabilities 1,762,249 1,907,221
Total liabilities 1,909,094 2,050,174
Commitments and contingencies (See Note 20)
Stockholders' deficit:
Common stock, $0.01 par value, 37,500,000 shares authorized, 26,480,837 and
26,288,998 shares issued and outstanding at December 31, 2013 and 2012, respectively 264 262
Additional paid-in capital 512,008 506,153
Retained deficit (661,689) (568,239)
Accumulated other comprehensive loss (159,779) (255,989)
Total stockholders' deficit (309,196) (317,813)
Total liabilities and stockholders' deficit $ 1,599,898 $ 1,732,361