XO Communications 2009 Annual Report Download - page 52

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XO Holdings, Inc.
Consolidated Balance Sheets
(in thousands, except per share data)
2009 2008
December 31,
ASSETS
Current Assets
Cash and cash equivalents ....................................... $ 363,159 $ 256,747
Marketable securities........................................... 1,320 117,148
Accounts receivable, net of allowance for doubtful accounts of $11,052 and
$9,727 respectively .......................................... 153,745 152,622
Prepaid expenses and other current assets . . ......................... 29,248 41,200
Total current assets .......................................... 547,472 567,717
Property and equipment, net ......................................... 749,930 724,404
Intangible assets, net .............................................. 45,233 53,515
Other assets ..................................................... 67,123 30,348
Total Assets ............................................... $1,409,758 $1,375,984
LIABILITIES, REDEEMABLE PREFERRED STOCK AND
STOCKHOLDERS’ DEFICIT
Current Liabilities
Accounts payable ............................................. $ 77,344 $ 93,547
Accrued liabilities ............................................. 220,455 221,356
Total current liabilities ........................................ 297,799 314,903
Deferred revenue, less current portion .................................. 82,400 29,715
Other liabilities .................................................. 43,331 55,215
Total Liabilities ............................................... 423,530 399,833
Class A convertible preferred stock .................................... 255,011 259,948
Class B convertible preferred stock .................................... 614,912 573,795
Class C perpetual preferred stock ..................................... 223,958 200,877
Commitments and contingencies
Stockholders’ Deficit
Warrants, common stock and additional paid in capital: par value $0.01 per
share, 1,000,000 shares authorized; 182,075 shares issued and outstanding . . . 864,282 941,270
Accumulated other comprehensive income (loss) ........................ 1,125 (4,844)
Accumulated deficit ............................................. (973,060) (994,895)
Total Stockholders ’ Deficit ...................................... (107,653) (58,469)
Total Liabilities, Redeemable Preferred Stock and Stockholders’ Deficit ..... $1,409,758 $1,375,984
See accompanying notes to the consolidated financial statements.
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