Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

v3.4.0.3
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 13,458 $ 26,528
Receivables 223,898 208,384
Less allowance for doubtful receivables 2,629 3,630
Net receivables 221,269 204,754
Prepaid expenses 16,649 12,862
Inventories 10,435 11,322
Other current assets 213 3,129
Total current assets 262,024 258,595
Property and equipment 2,408,282 2,384,530
Less accumulated depreciation 1,327,534 1,290,149
Net property and equipment 1,080,748 1,094,381
Goodwill 239,263 239,263
Cable certificates 191,635 191,635
Wireless licenses 86,347 86,347
Other intangible assets, net of amortization 70,256 69,290
Other assets 30,645 27,429
Total other assets 618,146 613,964
Total assets 1,960,918 1,966,940
Current liabilities:    
Current maturities of obligations under long-term debt and capital leases 12,199 12,050
Accounts payable 45,694 63,014
Deferred revenue 35,289 34,128
Accrued payroll and payroll related obligations 28,240 31,337
Accrued interest (including $905 and $5,132 to a related party at March 31, 2016 and December 31, 2015, respectively) 22,686 13,655
Accrued liabilities 23,312 22,822
Subscriber deposits 1,193 1,242
Total current liabilities 168,613 178,248
Long-term debt, net (including $55,242 and $54,810 to a related party at March 31, 2016 and December 31, 2015, respectively) 1,334,652 1,329,396
Obligations under capital leases, excluding current maturities (including $1,809 and $1,824 due to a related party at March 31, 2016 and December 31, 2015, respectively) 57,375 59,651
Deferred income taxes 109,214 106,145
Long-term deferred revenue 101,355 93,427
Other liabilities (including $28,290 and $32,830 for derivative stock appreciation rights with a related party at March 31, 2016 and December 31, 2015, respectively) 78,587 80,812
Total liabilities $ 1,849,796 $ 1,847,679
Commitments and contingencies
Stockholders' equity:    
Paid-in capital $ 7,504 $ 6,631
Retained earnings 70,322 79,217
Total General Communication, Inc. stockholders' equity 80,241 88,263
Non-controlling interests 30,881 30,998
Total stockholders’ equity 111,122 119,261
Total liabilities and stockholders’ equity 1,960,918 1,966,940
Common Stock - Class A [Member]    
Stockholders' equity:    
Common stock 0 0
Less cost of 26 Class A common shares held in treasury at March 31, 2016 and December 31, 2015 (249) (249)
Total stockholders’ equity 0 0
Common Stock - Class B [Member]    
Stockholders' equity:    
Common stock 2,664 2,664
Total stockholders’ equity $ 2,664 $ 2,664