Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 34,184 $ 15,402
Receivables (including $0 and $27,944 from a related party at June 30, 2015 and December 31, 2014, respectively) 182,337 212,441
Less allowance for doubtful receivables 5,860 4,542
Net receivables 176,477 207,899
Deferred income taxes 83,576 56,120
Prepaid expenses 14,317 12,179
Inventories 12,260 17,032
Other current assets 3,141 153
Total current assets 323,955 308,785
Property and equipment in service, net of depreciation 999,516 1,013,242
Construction in progress 85,578 99,240
Net property and equipment 1,085,094 1,112,482
Goodwill 237,817 229,560
Cable certificates 191,635 191,635
Wireless licenses 86,347 86,347
Other intangible assets, net of amortization 64,908 66,015
Deferred loan and senior notes costs, net of amortization of $5,860 and $8,644 at June 30, 2015 and December 31, 2014, respectively 17,141 10,949
Other assets 26,970 52,725
Total other assets 624,818 637,231
Total assets 2,033,867 2,058,498
Current liabilities:    
Current maturities of obligations under long-term debt and capital leases 11,747 8,722
Accounts payable (including $0 and $7,447 to a related party at June 30, 2015 and December 31, 2014, respectively) 46,894 76,918
Deferred revenue 29,698 29,314
Accrued payroll and payroll related obligations 27,806 32,803
Accrued liabilities 19,307 14,457
Accrued interest 14,092 6,654
Subscriber deposits 1,493 1,212
Total current liabilities 151,037 170,080
Long-term debt, net 1,345,454 1,036,056
Obligations under capital leases, excluding current maturities 62,240 66,499
Obligation under capital lease due to related party, excluding current maturity 1,840 1,857
Deferred income taxes 202,386 187,872
Long-term deferred revenue 98,635 85,734
Other liabilities 72,467 43,178
Total liabilities $ 1,934,059 $ 1,591,276
Commitments and contingencies    
Stockholders' equity:    
Paid-in capital $ (8,490) $ 26,773
Retained earnings 71,520 124,547
Total General Communication, Inc. stockholders' equity 65,448 167,356
Non-controlling interests 34,360 299,866
Total stockholders’ equity 99,808 467,222
Total liabilities and stockholders’ equity 2,033,867 2,058,498
Common Stock - Class A [Member]    
Stockholders' equity:    
Common stock 0 13,617
Less cost of 26 Class A common shares held in treasury at June 30, 2015 and December 31, 2014 (249) (249)
Total stockholders’ equity 0 13,617
Common Stock - Class B [Member]    
Stockholders' equity:    
Common stock 2,667 2,668
Total stockholders’ equity $ 2,667 $ 2,668