FAIRPOINT COMMUNICATIONS INC company info

CIK 1062613
IRS Number 133725229
State of incorporation DE
Business address 521 EAST MOREHEAD ST
STE 250
CHARLOTTE
NC
28202
Mail address 521 EAST MOREHEAD ST
STE 250
CHARLOTTE
NC
28202

Short summary

FAIRPOINT COMMUNICATIONS INC is a North Carolina company, with head office located at 521 East Morehead St Charlotte, North Carolina 28202. The company achieved a record breaking net income last year - 104.09 million USD. This is 15.13% higher than one reported in 2015. In 2016 the company owned a total of 1.20 billion USD worth of assets, including 126.78 million USD worth of current assets. 2011 was the year when the company amassed the most assets.

FAIRPOINT COMMUNICATIONS INC Income Statement

Name [in Millions USD]2010201120122013201420152016Trends
Selling, General and Administrative Expense 332.24250.97332.91206.05197.24
Operating Expenses 1,155.631,052.54994.67689.87595.10
Operating Income (Loss) -181.98-113.19-93.27169.59229.35
Interest expense 67.6178.6880.3780.7282.70
Other Nonoperating Income (Expense) 0.744.867.550.490.30
Income Tax Expense (Benefit) -95.56-90.29-29.78-1.0642.85
Net income -153.29-93.45-136.3290.42104.10

FAIRPOINT COMMUNICATIONS INC Balance Sheet

Name [in Millions USD]2010201120122013201420152016Trends
Accounts Receivable, Net, Current 102.6586.8081.6865.8861.2860.76
Deferred income taxes 16.4316.0112.1412.3414.63
Property, Plant and Equipment, Gross 1,943.562,080.402,187.532,299.142,399.992,477.23
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment 0463.20806.60988.701,178.501,377.601,503.20
Goodwill 243.200
Intangible Assets, Net (Excluding Goodwill) 122.57111.42100.3889.3878.3873.14
Other Assets, Noncurrent 10.314.123.433.003.013.02
Total assets 1,877.441,606.451,524.771,370.551,279.261,197.87
Current assets 199.40154.06151.87114.04132.58126.79
Total current liabilities 147.77134.48131.02129.62122.85111.21
Long-term Debt, Excluding Current Maturities 913.55909.92901.14899.21897.97
Long-term Debt 919.95916.32907.54905.61904.37
Deferred Revenue, Noncurrent 1.4010.509.307.604.80
Deferred income taxes 200.8086.9263.4338.8417.3426.23
Total liabilities 2,061.852,006.941,885.351,357.411,302.941,271.89
Common Stock, Value, Issued 0.260.260.270.270.270.27
Retained Earnings (Accumulated Deficit) 0-498.73-658.83-716.61-802.96-659.71-627.47
Accumulated Other Comprehensive Income (Loss), Net of Tax -193.49-255.99-158.87296.09110.3824.51

FAIRPOINT COMMUNICATIONS INC Cash Flow

Name [in Millions USD]2010201120122013201420152016Trends
Net income -153.29-93.45-136.3290.42104.10
Depreciation 267.30365.50271.30209.70212.80211.30
Amortization of Intangible Assets 22.6011.2011.10111111
Depreciation and amortization 289.82376.61282.44220.68223.82222.30
Deferred Income Tax Expense (Benefit) -96.78-94.37-29.86-1.2642.61
Accounts receivable -9.5912.13-8.49-5.622.48
Net Cash Provided by (Used in) Operating Activities 192.78171.09121.06112.00134.25
Payments to Acquire Businesses, Net of Cash Acquired 002.73
Net Cash Provided by (Used in) Investing Activities -144.31-95.95-118.36-115.87-118.46
Proceeds from Issuance of Long-term Debt 0920.5900
Stock Issued During Period, Value, Share-based Compensation, Net of Forfeitures 0.05-0.20-0.59-0.52
Stock Issued During Period, Value, Share-based Compensation, Net of Forfeitures 0.05-0.20-0.59-0.52
Net Cash Provided by (Used in) Financing Activities -42.62-55.64-7.81-7.16-7.43
Cash and Cash Equivalents, Period Increase (Decrease) 5.8519.50-5.11-11.038.36