Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

v3.6.0.2
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 19,297 $ 26,528
Receivables 219,794 208,384
Less allowance for doubtful receivables 4,407 3,630
Net receivables 215,387 204,754
Prepaid expenses 18,599 12,862
Inventories 11,945 11,322
Other current assets 167 3,129
Total current assets 265,395 258,595
Property and equipment 2,614,875 2,384,530
Less accumulated depreciation 1,452,957 1,290,149
Net property and equipment 1,161,918 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 74,444 69,290
Other assets 40,937 27,429
Total other assets 638,626 613,964
Total assets 2,065,939 1,966,940
Current liabilities:    
Current maturities of obligations under long-term debt, capital leases, and tower obligations 13,229 12,050
Accounts payable 72,937 63,014
Deferred revenue 37,618 34,128
Accrued payroll and payroll related obligations 30,305 31,337
Accrued liabilities 14,729 22,822
Accrued interest (including $5,132 to a related party at December 31, 2016 and 2015) 13,926 13,655
Subscriber deposits 917 1,242
Total current liabilities 183,661 178,248
Long-term debt, net (including $56,640 and $54,810 due to a related party at December 31, 2016 and 2015, respectively) 1,333,446 1,329,396
Obligations under capital leases, excluding current maturities (including $1,769 and $1,824 due to a related party at December 31, 2016 and 2015, respectively) 50,316 59,651
Deferred income taxes 137,982 106,145
Long-term deferred revenue 135,877 93,427
Tower obligation 87,653 0
Other liabilities (including $29,700 and $32,820 for derivative stock appreciation rights with a related party at December 31, 2016 and 2015, respectively) 83,756 80,812
Total liabilities 2,012,691 1,847,679
Commitments and contingencies
Stockholders’ equity:    
Paid-in capital 3,237 6,631
Retained earnings 17,068 79,217
Total General Communication, Inc. stockholders' equity 22,719 88,263
Non-controlling interests 30,529 30,998
Total stockholders’ equity 53,248 119,261
Total liabilities and stockholders’ equity 2,065,939 1,966,940
Class A Common Stock    
Stockholders’ equity:    
Common stock (no par) 0 0
Less cost of 26 Class A common shares held in treasury at December 31, 2016 and 2015 (249) (249)
Class B Common Stock    
Stockholders’ equity:    
Common stock (no par) $ 2,663 $ 2,664