Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

v3.5.0.2
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 92,622 $ 26,528
Receivables 200,294 208,384
Less allowance for doubtful receivables 4,436 3,630
Net receivables 195,858 204,754
Prepaid expenses 16,253 12,862
Inventories 7,966 11,322
Other current assets 173 3,129
Total current assets 312,872 258,595
Property and equipment 2,505,753 2,384,530
Less accumulated depreciation 1,412,540 1,290,149
Net property and equipment 1,093,213 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 70,062 69,290
Other assets 32,560 27,429
Total other assets 625,867 613,964
Total assets 2,031,952 1,966,940
Current liabilities:    
Current maturities of obligations under long-term debt, capital leases, and tower obligation 13,046 12,050
Accounts payable 51,551 63,014
Deferred revenue 33,115 34,128
Accrued payroll and payroll related obligations 29,251 31,337
Accrued interest (including $3,718 and $5,132 to a related party at September 30, 2016 and December 31, 2015, respectively) 25,465 13,655
Accrued liabilities 17,002 22,822
Subscriber deposits 876 1,242
Total current liabilities 170,306 178,248
Long-term debt, net (including $56,157 and $54,810 to a related party at September 30, 2016 and December 31, 2015, respectively) 1,330,199 1,329,396
Obligations under capital leases, excluding current maturities (including $1,785 and $1,824 due to a related party at September 30, 2016 and December 31, 2015, respectively) 52,713 59,651
Deferred income taxes 113,710 106,145
Long-term deferred revenue 120,875 93,427
Tower obligation 88,060 0
Other liabilities (including $16,980 and $32,820 for derivative stock appreciation rights with a related party at September 30, 2016 and December 31, 2015, respectively) 64,202 80,812
Total liabilities 1,940,065 1,847,679
Commitments and contingencies
Stockholders' equity:    
Paid-in capital 14,609 6,631
Retained earnings 44,215 79,217
Total General Communication, Inc. stockholders' equity 61,239 88,263
Non-controlling interests 30,648 30,998
Total stockholders’ equity 91,887 119,261
Total liabilities and stockholders’ equity 2,031,952 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 September 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