Windstream 2008 Annual Report Download - page 170

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
15. Supplemental Guarantor Information, Continued:
Condensed Consolidated Balance Sheet
As of December 31, 2007
(Millions) Parent Guarantors
Non-
Guarantors Eliminations Consolidated
Assets
Current Assets:
Cash and cash equivalents $ 47.2 $ 1.2 $ 23.6 $ - $ 72.0
Accounts receivable (less allowance for doubtful
accounts of $13.1) 0.2 94.5 226.0 - 320.7
Inventories - 17.6 12.0 - 29.6
Deferred income taxes 23.7 - 8.3 - 32.0
Prepaid expenses and other 3.9 7.1 29.3 - 40.3
Assets held for sale - 26.6 7.2 - 33.8
Total current assets 75.0 147.0 306.4 - 528.4
Investments in consolidated subsidiaries 7,436.6 482.5 34.9 (7,954.0) -
Goodwill and other intangibles 0.1 1,891.7 1,516.5 - 3,408.3
Net property, plant and equipment 7.6 1,151.3 2,871.4 - 4,030.3
Other assets 36.2 9.1 150.4 - 195.7
Non-current assets of discontinued operations - - 78.5 - 78.5
Total Assets $ 7,555.5 $ 3,681.6 $ 4,958.1 $ (7,954.0) $ 8,241.2
Liabilities and Shareholders’ Equity
Current Liabilities:
Current maturities of long-term debt $ 14.0 $ 0.3 $ 10.0 $ - $ 24.3
Current portion of interest rate swaps 16.2 - - - 16.2
Accounts payable 13.0 34.2 110.9 - 158.1
Affiliates payable, net 1,339.6 588.0 (1,927.6) - -
Advance payments and customer deposits - 17.2 73.9 - 91.1
Accrued dividends 113.6 - - - 113.6
Accrued taxes (33.8) 7.9 79.1 - 53.2
Accrued interest 136.6 1.7 1.3 - 139.6
Other current liabilities 14.5 11.3 49.3 - 75.1
Liabilities of discontinued operations - - 7.1 - 7.1
Total current liabilities 1,613.7 660.6 (1,596.0) - 678.3
Long-term debt 5,181.6 99.9 49.7 - 5,331.2
Deferred income taxes (42.8) 486.7 689.5 - 1,133.4
Other liabilities 103.2 15.5 279.8 - 398.5
Total liabilities 6,855.7 1,262.7 (577.0) - 7,541.4
Commitments and Contingencies (See Note 13)
Shareholders’ Equity:
Common stock - - 60.6 (60.6) -
Additional paid-in capital 286.8 1,777.1 2,646.3 (4,423.4) 286.8
Accumulated other comprehensive loss (103.0) - (53.7) 53.7 (103.0)
Retained earnings 516.0 641.8 2,881.9 (3,523.7) 516.0
Total shareholders’ equity 699.8 2,418.9 5,535.1 (7,954.0) 699.8
Total Liabilities and Shareholders’ Equity $ 7,555.5 $ 3,681.6 $ 4,958.1 $ (7,954.0) $ 8,241.2
F-82