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)

12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3527384323
Cash and cash equivalents3527384323
Receivables6260728987
Prepaid expense242425 
Prepaid expense and other current assets3024
Assets held-for-sale 13
Other current assets555 
Other undisclosed current assets  81923
Total current assets:127116148181170
Noncurrent Assets
Property, plant and equipment1,0241,1191,2141,3011,438
Intangible assets, net (including goodwill)768495106117
Intangible assets, net (excluding goodwill)768495106117
Restricted cash and investments11111
Deferred costs  671
Other noncurrent assets333 
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 liabilities8485827358
Accrued liabilities485047  
Employee-related liabilities26252535 
Interest and dividends payable101010  
Accounts payable and other accrued liabilities3858
Debt877811
Asset retirement obligation0111 
Deferred revenue and credits1820191818
Other undisclosed current liabilities98434756
Total current liabilities:119120153147143
Noncurrent Liabilities
Long-term debt and lease obligation11909912948
Long-term debt, excluding current maturities  908912947
Capital lease obligations11101
Liabilities, other than long-term debt2663021,017864959
Deferred revenue and credits  911 
Pension and other postretirement defined benefit plans, liabilities738823
Asset retirement obligations  33 
Deferred tax liabilities, net28353586127
Liability, pension and other postretirement and postemployment benefits222245948
Other liabilities162321269
Other undisclosed noncurrent liabilities898900(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 stock00000
Additional paid in capital528522516512506
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)

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 taxes838180  
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)

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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