Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

v3.5.0.2
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 11,329 $ 26,528
Receivables 221,787 208,384
Less allowance for doubtful receivables 2,392 3,630
Net receivables 219,395 204,754
Prepaid expenses 17,406 12,862
Inventories 10,577 11,322
Other current assets 180 3,129
Total current assets 258,887 258,595
Property and equipment 2,453,655 2,384,530
Less accumulated depreciation 1,369,634 1,290,149
Net property and equipment 1,084,021 1,094,381
Goodwill 239,263 239,263
Cable certificates 191,635 191,635
Wireless licenses 92,347 86,347
Other intangible assets, net of amortization 70,091 69,290
Other assets 30,980 27,429
Total other assets 624,316 613,964
Total assets 1,967,224 1,966,940
Current liabilities:    
Current maturities of obligations under long-term debt and capital leases 12,356 12,050
Accounts payable 47,542 63,014
Deferred revenue 34,340 34,128
Accrued payroll and payroll related obligations 29,764 31,337
Accrued liabilities 24,354 22,822
Accrued interest (including $2,304 and $5,132 to a related party at June 30, 2016 and December 31, 2015, respectively) 10,834 13,655
Subscriber deposits 1,035 1,242
Total current liabilities 160,225 178,248
Long-term debt, net (including $55,689 and $54,810 to a related party at June 30, 2016 and December 31, 2015, respectively) 1,344,913 1,329,396
Obligations under capital leases, excluding current maturities (including $1,797 and $1,824 due to a related party at June 30, 2016 and December 31, 2015, respectively) 55,065 59,651
Deferred income taxes 111,301 106,145
Long-term deferred revenue 114,705 93,427
Other liabilities (including $21,780 and $32,820 for derivative stock appreciation rights with a related party at June 30, 2016 and December 31, 2015, respectively) 72,695 80,812
Total liabilities 1,858,904 1,847,679
Commitments and contingencies
Stockholders' equity:    
Paid-in capital 11,746 6,631
Retained earnings 63,395 79,217
Total General Communication, Inc. stockholders' equity 77,556 88,263
Non-controlling interests 30,764 30,998
Total stockholders’ equity 108,320 119,261
Total liabilities and stockholders’ equity 1,967,224 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 June 30, 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