Fairpoint Communications Inc (FRP) financial statements (2020 and earlier)

Company profile

Business Address 521 EAST MOREHEAD ST
CHARLOTTE, NC 28202
State of Incorp. DE
Fiscal Year End December 31
SIC 4813 - Telephone Communications, Except Radiotelephone (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

3/31/2017
TTM
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 3527384323
Cash and cash equivalents 3527384323
Receivables 6260728987
Prepaid expense 242425 
Prepaid expense and other current assets3024
Assets held-for-sale 13
Other current assets 555 
Other undisclosed current assets   81923
Total current assets: 127116148181170
Noncurrent Assets
Property, plant and equipment 1,0241,1191,2141,3011,438
Intangible assets, net (including goodwill) 768495106117
Intangible assets, net (excluding goodwill) 768495106117
Restricted cash and investments 11111
Deferred costs   671
Other noncurrent assets 333 
Prepaid expense and other noncurrent assets45
Total noncurrent assets: 1,1041,2061,3181,4191,562
TOTAL ASSETS: 1,2311,3231,4661,6001,732
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 8485827358
Accrued liabilities 485047  
Employee-related liabilities 26252535 
Interest and dividends payable 101010  
Accounts payable and other accrued liabilities3858
Debt 877811
Asset retirement obligation 0111 
Deferred revenue and credits 1820191818
Other undisclosed current liabilities 98434756
Total current liabilities: 119120153147143
Noncurrent Liabilities
Long-term debt and lease obligation 11909912948
Long-term debt, excluding current maturities   908912947
Capital lease obligations 11101
Liabilities, other than long-term debt 2663021,017864959
Deferred revenue and credits   911 
Pension and other postretirement defined benefit plans, liabilities738823
Asset retirement obligations   33 
Deferred tax liabilities, net 28353586127
Liability, pension and other postretirement and postemployment benefits 222245948
Other liabilities 162321269
Other undisclosed noncurrent liabilities 898900(13)(14) 
Total noncurrent liabilities: 1,1651,2041,9141,7621,907
Total liabilities: 1,2851,3242,0661,9092,050
Stockholders' equity
Stockholders' equity attributable to parent (54)(1)(600)(309)(318)
Common stock 00000
Additional paid in capital 528522516512506
Accumulated other comprehensive income (loss) 22184(319)(160)(256)
Accumulated deficit (603)(708)(798)(662)(568)
Total stockholders' equity: (54)(1)(600)(309)(318)
TOTAL LIABILITIES AND EQUITY: 1,2311,3231,4661,6001,732

Income statement (P&L) ($ in millions)

3/31/2017
TTM
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Gross profit: 824859901  
Operating expenses (595)(690)(995)(24)(31)
Operating income (loss): 229170(93)(24)(31)
Nonoperating expense (82)(80)(73)  
Interest and debt expense (83)(81)(80)  
Income (loss) from continuing operations before equity method investments, income taxes: 649(246)(24)(31)
Other undisclosed income from continuing operations before income taxes 838180  
Income (loss) from continuing operations before income taxes: 14789(166)(24)(31)
Income tax expense (benefit) (43)130  
Net income (loss) available to common stockholders, diluted: 10490(136)(24)(31)

Comprehensive Income ($ in millions)

3/31/2017
TTM
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net income (loss): 10490(136)(24)(31)
Other comprehensive income (loss) (162)503(159)  
Comprehensive income (loss), net of tax, attributable to parent: (58)593(295)(24)(31)

Statements sources

The financial statements are based on the company's filings with the 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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