Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS (Unaudited)

v3.7.0.1
CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 23,022 $ 19,297
Receivables 208,118 184,296
Less allowance for doubtful receivables 3,788 4,407
Net receivables 204,330 179,889
Prepaid expenses 23,221 18,599
Inventories 10,837 11,945
Other current assets 167 167
Total current assets 261,577 229,897
Property and equipment 2,682,580 2,614,875
Less accumulated depreciation 1,538,272 1,452,957
Net property and equipment 1,144,308 1,161,918
Goodwill 242,110 239,263
Cable certificates 191,635 191,635
Wireless licenses 93,753 92,347
Other intangible assets, net of amortization 76,082 74,444
Other assets 75,120 76,435
Total other assets 678,700 674,124
Total assets 2,084,585 2,065,939
Current liabilities:    
Current maturities of obligations under long-term debt, capital leases, and tower obligation 13,703 13,229
Accounts payable 49,360 72,937
Deferred revenue 39,960 37,618
Accrued payroll and payroll related obligations 30,979 30,305
Accrued liabilities 15,147 14,729
Accrued interest (including $2,296 and $5,132 to a related party at June 30, 2017 and December 31, 2016, respectively) 11,461 13,926
Subscriber deposits 1,224 917
Total current liabilities 161,834 183,661
Long-term debt, net (including $57,642 and $56,640 to a related party at June 30, 2017 and December 31, 2016, respectively) 1,384,105 1,333,446
Obligations under capital leases, excluding current maturities (including $1,738 and $1,769 due to a related party at June 30, 2017 and December 31, 2016, respectively) 45,393 50,316
Deferred income taxes 136,473 137,982
Long-term deferred revenue 137,359 135,877
Tower obligation 90,990 87,653
Other liabilities (including $71,400 and $29,700 for derivative stock appreciation rights with a related party at June 30, 2017 and December 31, 2016, respectively) 126,820 83,756
Total liabilities 2,082,974 2,012,691
Commitments and contingencies
Stockholders’ equity:    
Paid-in capital 11,686 3,237
Retained earnings (deficit) (45,407) 17,068
Total General Communication, Inc. stockholders' equity (deficit) (31,392) 22,719
Non-controlling interests 33,003 30,529
Total stockholders’ equity 1,611 53,248
Total liabilities and stockholders’ equity 2,084,585 2,065,939
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, 2017 and December 31, 2016 (249) (249)
Total stockholders’ equity 0 0
Common Stock - Class B [Member]    
Stockholders’ equity:    
Common stock 2,578 2,663
Total stockholders’ equity $ 2,578 $ 2,663