Fairpoint Communications Inc (FRP) Financial Statements (2024 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
Q1
12/31/2016
Q4
9/30/2016
Q3
6/30/2016
Q2
3/31/2016
Q1
12/31/2015
Q4
9/30/2015
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments34,92433,07141,11623,06426,56017,033
Cash and cash equivalents34,92433,07141,11623,06426,56017,033
Receivables62,39563,16261,28163,38460,13664,525
Prepaid expense24,49823,87426,53625,91024,41027,807
Other current assets4,8983,9853,6503,6075,0305,311
Other undisclosed current assets      14,633
Total current assets:126,715124,092132,583115,965116,136129,309
Noncurrent Assets
Property, plant and equipment1,024,3521,042,2591,064,6301,090,2461,118,7811,138,549
Intangible assets, net (including goodwill)75,91378,70178,37981,12983,87986,629
Intangible assets, net (excluding goodwill)75,91378,70178,37981,12983,87986,629
Regulated entity, other noncurrent assets      5,034
Restricted cash and investments653652652651651651
Other noncurrent assets3,2023,0613,0123,0053,0793,013
Other undisclosed noncurrent assets      (5,034)
Total noncurrent assets:1,104,1201,124,6731,146,6731,175,0311,206,3901,228,842
TOTAL ASSETS:1,230,8351,248,7651,279,2561,290,9961,322,5261,358,151
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities84,22576,99986,48381,49484,53883,648
Interest and dividends payable10,1203,4209,9833,4209,9833,421
Employee-related liabilities26,18722,05724,36124,91424,75328,874
Accrued liabilities47,91851,52252,13953,16049,80251,353
Debt7,6277,6077,5107,4317,3187,238
Asset retirement obligation 300   800 
Deferred revenue and credits 18,200   19,900 
Customer advances and deposits 3,0002,8002,600 2,200
Other undisclosed current liabilities9,09825,50426,06125,6297,67327,999
Total current liabilities:119,450113,110122,854117,154120,229121,085
Noncurrent Liabilities
Long-term debt and lease obligation1,311900,141900,475900,9051,223901,848
Long-term debt, excluding current maturities 898,778899,206899,666 900,634
Capital lease obligations1,3111,3631,2691,2391,2231,214
Liabilities, other than long-term debt265,781276,482279,613289,953302,418309,815
Deferred tax liabilities, net28,01623,03617,33523,61435,07540,026
Liability, pension and other postretirement and postemployment benefits221,546236,645243,456245,819244,604246,048
Other liabilities16,21916,80118,82220,52022,73923,741
Other undisclosed noncurrent liabilities 898,370   900,145 
Total noncurrent liabilities:1,165,4621,176,6231,180,0881,190,8581,203,7861,211,663
Total liabilities:1,284,9121,289,7331,302,9421,308,0121,324,0151,332,748
Equity
Equity, attributable to parent(54,077)(40,968)(23,686)(17,016)(1,489)25,403
Common stock271271271271269269
Additional paid in capital527,613526,325525,377524,121521,842520,921
Accumulated other comprehensive income21,53651,938110,375147,616183,992254,115
Accumulated deficit(603,497)(619,502)(659,709)(689,024)(707,592)(749,902)
Total equity:(54,077)(40,968)(23,686)(17,016)(1,489)25,403
TOTAL LIABILITIES AND EQUITY:1,230,8351,248,7651,279,2561,290,9961,322,5261,358,151

Income Statement (P&L) ($ in thousands)

3/31/2017
Q1
12/31/2016
Q4
9/30/2016
Q3
6/30/2016
Q2
3/31/2016
Q1
12/31/2015
Q4
9/30/2015
Q3
Revenues
(Revenue, Net)
203,929207,141206,557206,816209,824221,569
Cost of revenue (83,320)(94,921)(110,855) (99,452)
Other undisclosed gross profit 288,394   377,988 
Gross profit:492,323123,821111,63695,961587,812122,117
Operating expenses(450,188)(45,838)(49,440)(48,930)(525,299)(49,688)
Operating income (loss):42,13577,98362,19647,03162,51372,429
Nonoperating expense(20,854)(20,607)(20,488)(20,452)(20,679)(20,033)
Other nonoperating expense (20,607)(20,488)(20,452) (20,033)
Interest and debt expense(20,806)(20,698)(20,583)(20,610)(20,739)(20,186)
Income (loss) from continuing operations before equity method investments, income taxes:47536,67821,1255,96921,09532,210
Other undisclosed income from continuing operations before income taxes20,80620,69820,58320,61020,73920,186
Income (loss) from continuing operations before income taxes:21,28157,37641,70826,57941,83452,396
Income tax expense (benefit)(5,276)(17,169)(12,393)(8,011)476658
Income (loss) from continuing operations:16,00540,20729,31518,56842,31053,054
Income (loss) before gain (loss) on sale of properties:16,00540,20729,31518,56842,31053,054
Net income (loss) available to common stockholders, diluted:16,00540,20729,31518,56842,31053,054

Comprehensive Income ($ in thousands)

3/31/2017
Q1
12/31/2016
Q4
9/30/2016
Q3
6/30/2016
Q2
3/31/2016
Q1
12/31/2015
Q4
9/30/2015
Q3
Net income (loss):16,00540,20729,31518,56842,31053,054
Other comprehensive income (loss)(30,402)(58,437)(37,241)(36,376)(70,123)(41,972)
Comprehensive income (loss), net of tax, attributable to parent:(14,397)(18,230)(7,926)(17,808)(27,813)11,082

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.

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