Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2012
Dec. 31, 2011
Current assets:    
Cash and cash equivalents $ 30,018 $ 29,387
Receivables 150,934 141,827
Less allowance for doubtful receivables 5,011 5,796
Net receivables 145,923 136,031
Deferred income taxes 15,555 15,555
Prepaid expenses 9,419 7,899
Inventories 9,507 7,522
Other current assets 3,527 3,631
Total current assets 213,949 200,025
Property and equipment in service, net of depreciation 835,832 849,121
Construction in progress 51,736 42,918
Net property and equipment 887,568 892,039
Cable certificates 191,635 191,635
Goodwill 74,883 74,883
Wireless licenses 25,967 25,967
Restricted cash 14,804 15,910
Other intangible assets, net of amortization 15,612 15,835
Deferred loan and senior notes costs, net of amortization 12,262 12,812
Other assets 16,104 17,214
Total other assets 351,267 354,256
Total assets 1,452,784 1,446,320
Current liabilities:    
Current maturities of obligations under long-term debt and capital leases 9,507 8,797
Accounts payable 37,067 41,353
Deferred revenue 23,181 22,003
Accrued payroll and payroll related obligations 20,285 22,126
Accrued interest 21,366 6,680
Accrued liabilities 14,032 11,423
Subscriber deposits 1,206 1,250
Total current liabilities 126,644 113,632
Long-term debt, net 859,617 858,031
Obligations under capital leases, excluding current maturities 77,286 78,605
Obligation under capital lease due to related party, excluding current maturity 1,893 1,893
Deferred income taxes 115,383 114,234
Long-term deferred revenue 81,541 81,822
Other liabilities 23,800 24,456
Total liabilities 1,286,164 1,272,673
Stockholders' equity:    
Paid-in capital 24,497 32,795
Retained earnings 99,340 97,911
Total General Communication, Inc. stockholders' equity 150,489 157,339
Non-controlling interest 16,131 16,308
Total stockholders' equity 166,620 173,647
Total liabilities and stockholders' equity 1,452,784 1,446,320
Common Stock - Class A [Member]
    
Stockholders' equity:    
Common stock, no par 25,680 26,179
Less treasury stock (1,706) (2,225)
Common Stock - Class B [Member]
    
Stockholders' equity:    
Common stock, no par $ 2,678 $ 2,679