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
Jun. 30, 2012
Dec. 31, 2011
Current assets:    
Cash and cash equivalents $ 22,116 $ 29,387
Receivables 161,840 141,827
Less allowance for doubtful receivables 3,199 5,796
Net receivables 158,641 136,031
Deferred income taxes 15,555 15,555
Prepaid expenses 9,302 7,899
Inventories 16,023 7,522
Other current assets 3,366 3,631
Total current assets 225,003 200,025
Property and equipment in service, net of depreciation 822,859 849,121
Construction in progress 71,668 42,918
Net property and equipment 894,527 892,039
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 16,344 15,835
Deferred loan and senior notes costs, net of amortization 11,917 12,812
Other assets 14,777 17,214
Total other assets 350,327 354,256
Total assets 1,469,857 1,446,320
Current liabilities:    
Current maturities of obligations under long-term debt and capital leases 7,612 8,797
Accounts payable 39,382 41,353
Deferred revenue 25,018 22,003
Accrued payroll and payroll related obligations 21,533 22,126
Accrued interest 6,753 6,680
Accrued liabilities 15,216 11,423
Subscriber deposits 1,346 1,250
Total current liabilities 116,860 113,632
Long-term debt, net 874,505 858,031
Obligations under capital leases, excluding current maturities 75,777 78,605
Obligation under capital lease due to related party, excluding current maturity 1,893 1,893
Deferred income taxes 119,350 114,234
Long-term deferred revenue 86,096 81,822
Other liabilities 24,082 24,456
Total liabilities 1,298,563 1,272,673
Stockholders' equity:    
Paid-in capital 25,138 32,795
Retained earnings 103,322 97,911
Total General Communication, Inc. stockholders' equity 155,340 157,339
Non-controlling interest 15,954 16,308
Total stockholders' equity 171,294 173,647
Total liabilities and stockholders' equity 1,469,857 1,446,320
Common Stock - Class A [Member]
    
Stockholders' equity:    
Common stock, no par 25,909 26,179
Less treasury stock (1,707) (2,225)
Common Stock - Class B [Member]
    
Stockholders' equity:    
Common stock, no par $ 2,678 $ 2,679