Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 26,528 $ 15,402
Receivables (including $0 and $27,944 from a related party at December 31, 2015 and 2014, respectively) 208,384 212,441
Less allowance for doubtful receivables 3,630 4,542
Net receivables 204,754 207,899
Prepaid expenses 12,862 12,179
Inventories 11,322 17,032
Other current assets 3,129 153
Total current assets 258,595 252,665
Property and equipment 2,384,530 2,341,511
Less accumulated depreciation 1,290,149 1,229,029
Net property and equipment 1,094,381 1,112,482
Goodwill 239,263 229,560
Cable certificates 191,635 191,635
Wireless licenses 86,347 86,347
Other intangible assets, net of amortization 69,290 66,015
Deferred loan and senior notes costs, net of amortization of $7,227 and $8,644 at December 31, 2015 and 2014, respectively 16,335 10,949
Other assets 26,462 52,725
Total other assets 629,332 637,231
Total assets 1,982,308 2,002,378
Current liabilities:    
Current maturities of obligations under long-term debt and capital leases 12,050 8,722
Accounts payable (including $0 and $7,447 to a related party at December 31, 2015 and 2014, respectively) 63,014 76,918
Deferred revenue 34,128 29,314
Accrued payroll and payroll related obligations 31,337 32,803
Accrued liabilities 22,822 14,457
Accrued interest (including $5,132 and $0 to a related party at December 31, 2015 and 2014, respectively) 13,655 6,654
Subscriber deposits 1,242 1,212
Total current liabilities 178,248 170,080
Long-term debt, net (including $54,810 and $0 due to a related party at December 31, 2015 and 2014, respectively) 1,344,764 1,036,056
Obligations under capital leases, excluding current maturities (including $1,824 and $1,857 due to a related party at December 31, 2015 and 2014, respectively) 59,651 68,356
Deferred income taxes 106,145 131,752
Long-term deferred revenue 93,427 85,734
Other liabilities (including $32,820 and $0 for derivative stock appreciation rights with a related party at December 31, 2015 and 2014, respectively) 80,812 43,178
Total liabilities $ 1,863,047 $ 1,535,156
Commitments and contingencies
Stockholders’ equity:    
Paid-in capital $ 6,631 $ 26,773
Retained earnings 79,217 124,547
Total General Communication, Inc. stockholders' equity 88,263 167,356
Non-controlling interests 30,998 299,866
Total stockholders’ equity 119,261 467,222
Total liabilities and stockholders’ equity 1,982,308 2,002,378
Class A Common Stock    
Stockholders’ equity:    
Common stock (no par) 0 13,617
Less cost of 26 Class A common shares held in treasury at December 31, 2015 and 2014 (249) (249)
Total stockholders’ equity 0 13,617
Class B Common Stock    
Stockholders’ equity:    
Common stock (no par) 2,664 2,668
Total stockholders’ equity $ 2,664 $ 2,668