XO Communications 2010 Annual Report Download - page 55

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XO Holdings, Inc.
Consolidated Balance Sheets
(in thousands, except per share data)
December 31,
2010 2009
ASSETS
Current Assets
Cash and cash equivalents ................................... $ 69,631 $ 363,159
Marketable securities ....................................... 180 1,320
Accounts receivable, net of allowance for doubtful accounts of $7,239 and
$11,052 respectively ...................................... 142,663 153,745
Prepaid expenses and other current assets ......................... 22,600 29,248
Total current assets....................................... 235,074 547,472
Property and equipment, net .................................... 814,408 749,930
Intangible assets, net ......................................... 25,233 45,233
Other assets ............................................... 58,714 67,123
Total Assets............................................ $1,133,429 $1,409,758
LIABILITIES, REDEEMABLE PREFERRED STOCK AND
STOCKHOLDERS’ DEFICIT
Current Liabilities
Accounts payable ......................................... $ 87,982 $ 77,344
Accrued liabilities ......................................... 194,484 220,455
Total current liabilities .................................... 282,466 297,799
Deferred revenue, less current portion ............................. 76,057 82,400
Other liabilities............................................. 60,190 43,331
Total Liabilities ......................................... 418,713 423,530
Class A convertible preferred stock ............................... — 255,011
Class B convertible preferred stock ............................... 658,982 614,912
Class C perpetual preferred stock ................................ 249,312 223,958
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 . 791,339 864,282
Accumulated other comprehensive income (loss) .................... (15) 1,125
Accumulated deficit ........................................ (984,902) (973,060)
Total Stockholders’ Deficit.................................. (193,578) (107,653)
Total Liabilities, Redeemable Preferred Stock and Stockholders’ Deficit . . . $1,133,429 $1,409,758
See accompanying notes to the consolidated financial statements.
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