Fairpoint Communications Inc (FRP) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
521 EAST MOREHEAD ST CHARLOTTE, NC 28202 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 4813 - Telephone Communications, Except Radiotelephone (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 3/31/2017 MRQ | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | |||
|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||
| Current Assets | ||||||||
| Cash, cash equivalents, and short-term investments | 34,924 | 26,560 | 37,587 | 42,700 | 23,203 | |||
| Cash and cash equivalent | 34,924 | 26,560 | 37,587 | 42,700 | 23,203 | |||
| Receivables | 62,395 | 60,136 | 71,545 | 89,248 | 86,999 | |||
| Prepaid expense | 24,498 | 24,410 | 25,360 | ✕ | ||||
| Other current assets | 4,898 | 5,030 | 5,406 | ✕ | ||||
| Prepaid expense and other current assets | ✕ | ✕ | ✕ | ✕ | 30,428 | 24,347 | ||
| Assets held-for-sale | ✕ | ✕ | ✕ | ✕ | 12,549 | |||
| Other undisclosed current assets | 7,638 | 18,793 | 23,194 | |||||
| Total current assets: | 126,715 | 116,136 | 147,536 | 181,169 | 170,292 | |||
| Noncurrent Assets | ||||||||
| Property, plant and equipment | 1,024,352 | 1,118,781 | 1,213,729 | 1,301,292 | 1,438,309 | |||
| Intangible assets, net (including goodwill) | 75,913 | 83,879 | 94,879 | 105,886 | 116,992 | |||
| Intangible assets, net (excluding goodwill) | 75,913 | 83,879 | 94,879 | 105,886 | 116,992 | |||
| Restricted cash and investments | 653 | 651 | 651 | 651 | 651 | |||
| Deferred costs | 5,949 | 7,101 | 1,111 | |||||
| Other noncurrent assets | 3,202 | 3,079 | 3,214 | ✕ | ||||
| Prepaid expense and other noncurrent assets | ✕ | ✕ | ✕ | ✕ | 3,799 | 5,006 | ||
| Total noncurrent assets: | 1,104,120 | 1,206,390 | 1,318,422 | 1,418,729 | 1,562,069 | |||
| TOTAL ASSETS: | 1,230,835 | 1,322,526 | 1,465,958 | 1,599,898 | 1,732,361 | |||
| LIABILITIES AND EQUITY | ||||||||
| Liabilities | ||||||||
| Current Liabilities | ||||||||
| Accounts payable and accrued liabilities | 84,225 | 84,538 | 82,343 | 72,773 | 57,832 | |||
| Interest and dividends payable | 10,120 | 9,983 | 9,978 | |||||
| Employee-related liabilities | 26,187 | 24,753 | 25,218 | 34,897 | ||||
| Accounts payable and other accrued liabilities | ✕ | ✕ | ✕ | ✕ | 37,876 | 57,832 | ||
| Accrued liabilities | 47,918 | 49,802 | 47,147 | |||||
| Debt | 7,627 | 7,318 | 7,027 | 7,845 | 11,220 | |||
| Asset retirement obligation | 300 | 800 | 1,100 | 1,100 | ||||
| Deferred revenue and credits | 18,200 | 19,900 | 19,000 | 18,000 | 18,300 | |||
| Other undisclosed current liabilities | 9,098 | 7,673 | 43,101 | 47,127 | 55,601 | |||
| Total current liabilities: | 119,450 | 120,229 | 152,571 | 146,845 | 142,953 | |||
| Noncurrent Liabilities | ||||||||
| Long-term debt and lease obligation | 1,311 | 1,223 | 909,152 | 912,169 | 948,470 | |||
| Long-term debt, excluding current maturities | 908,190 | 911,722 | 947,000 | |||||
| Capital lease obligations | 1,311 | 1,223 | 962 | 447 | 1,470 | |||
| Liabilities, other than long-term debt | 265,781 | 302,418 | 1,017,119 | 863,780 | 958,751 | |||
| Deferred revenue and credits | 9,300 | 10,500 | ||||||
| Pension and other postretirement defined benefit plans, liabilities | ✕ | ✕ | ✕ | ✕ | 738,268 | 822,645 | ||
| Asset retirement obligations | 3,300 | 3,200 | ||||||
| Deferred tax liabilities, net | 28,016 | 35,075 | 35,231 | 85,948 | 127,361 | |||
| Liability, pension and other postretirement and postemployment benefits | 221,546 | 244,604 | 948,157 | ✕ | ✕ | |||
| Other liabilities | 16,219 | 22,739 | 21,131 | 25,864 | 8,745 | |||
| Other undisclosed noncurrent liabilities | 898,370 | 900,145 | (12,600) | (13,700) | ||||
| Total noncurrent liabilities: | 1,165,462 | 1,203,786 | 1,913,671 | 1,762,249 | 1,907,221 | |||
| Total liabilities: | 1,284,912 | 1,324,015 | 2,066,242 | 1,909,094 | 2,050,174 | |||
| Equity | ||||||||
| Equity, attributable to parent | (54,077) | (1,489) | (600,284) | (309,196) | (317,813) | |||
| Common stock | 271 | 269 | 267 | 264 | 262 | |||
| Additional paid in capital | 527,613 | 521,842 | 516,080 | 512,008 | 506,153 | |||
| Accumulated other comprehensive income (loss) | 21,536 | 183,992 | (318,623) | (159,779) | (255,989) | |||
| Accumulated deficit | (603,497) | (707,592) | (798,008) | (661,689) | (568,239) | |||
| Total equity: | (54,077) | (1,489) | (600,284) | (309,196) | (317,813) | |||
| TOTAL LIABILITIES AND EQUITY: | 1,230,835 | 1,322,526 | 1,465,958 | 1,599,898 | 1,732,361 | |||
Income Statement (P&L) ($ in thousands)
| 3/31/2017 TTM | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|---|---|
| Revenues (Revenue, Net) | 824,443 | 859,465 | 901,396 | ||||
| Gross profit: | 824,443 | 859,465 | 901,396 | ||||
| Operating expenses | (595,098) | (689,873) | (994,670) | (23,600) | (31,206) | ||
| Operating income (loss): | 229,345 | 169,592 | (93,274) | (23,600) | (31,206) | ||
| Nonoperating expense | (82,401) | (80,233) | (72,823) | ||||
| Interest and debt expense | (82,697) | (80,718) | (80,371) | ||||
| Income (loss) from continuing operations before equity method investments, income taxes: | 64,247 | 8,641 | (246,468) | (23,600) | (31,206) | ||
| Other undisclosed income from continuing operations before income taxes | 82,697 | 80,718 | 80,371 | ||||
| Income (loss) from continuing operations before income taxes: | 146,944 | 89,359 | (166,097) | (23,600) | (31,206) | ||
| Income tax expense (benefit) | (42,849) | 1,057 | 29,778 | ||||
| Income (loss) from continuing operations: | 104,095 | 90,416 | (136,319) | (23,600) | (31,206) | ||
| Income (loss) before gain (loss) on sale of properties: | 104,095 | 90,416 | (136,319) | (23,600) | (31,206) | ||
| Net income (loss) available to common stockholders, diluted: | 104,095 | 90,416 | (136,319) | (23,600) | (31,206) | ||
Comprehensive Income ($ in thousands)
| 3/31/2017 TTM | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|---|---|
| Net income (loss): | 104,095 | 90,416 | (136,319) | (23,600) | (31,206) | ||
| Other comprehensive income (loss) | (162,456) | 502,615 | (158,844) | ||||
| Comprehensive income (loss), net of tax, attributable to parent: | (58,361) | 593,031 | (295,163) | (23,600) | (31,206) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.