Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS (Unaudited)

v3.7.0.1
CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 14,759 $ 19,297
Receivables 212,585 184,296
Less allowance for doubtful receivables 4,408 4,407
Net receivables 208,177 179,889
Prepaid expenses 21,852 18,599
Inventories 9,370 11,945
Other current assets 139 167
Total current assets 254,297 229,897
Property and equipment 2,642,130 2,614,875
Less accumulated depreciation 1,497,542 1,452,957
Net property and equipment 1,144,588 1,161,918
Goodwill 242,108 239,263
Cable certificates 191,635 191,635
Wireless licenses 92,347 92,347
Other intangible assets, net of amortization 78,248 74,444
Other assets 80,408 76,435
Total other assets 684,746 674,124
Total assets 2,083,631 2,065,939
Current liabilities:    
Current maturities of obligations under long-term debt, capital leases, and tower obligation 13,429 13,229
Accounts payable 50,975 72,937
Deferred revenue 39,037 37,618
Accrued payroll and payroll related obligations 30,134 30,305
Accrued interest (including $894 and $5,132 to a related party at March 31, 2017 and December 31, 2016, respectively) 22,886 13,926
Accrued liabilities 15,230 14,729
Subscriber deposits 1,070 917
Total current liabilities 172,761 183,661
Long-term debt, net (including $57,130 and $56,640 to a related party at March 31, 2017 and December 31, 2016, respectively) 1,363,793 1,333,446
Obligations under capital leases, excluding current maturities (including $1,754 and $1,769 due to a related party at March 31, 2017 and December 31, 2016, respectively) 47,843 50,316
Deferred income taxes 177,480 137,982
Long-term deferred revenue 137,885 135,877
Tower obligation 91,221 87,653
Other liabilities (including $32,610 and $29,700 for derivative stock appreciation rights with a related party at March 31, 2017 and December 31, 2016, respectively) 87,312 83,756
Total liabilities 2,078,295 2,012,691
Commitments and contingencies
Stockholders’ equity:    
Paid-in capital 6,358 3,237
Retained earnings (deficit) (36,557) 17,068
Total General Communication, Inc. stockholders' equity (27,785) 22,719
Non-controlling interests 33,121 30,529
Total stockholders’ equity 5,336 53,248
Total liabilities and stockholders’ equity 2,083,631 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 March 31, 2017 and December 31, 2016 (249) (249)
Total stockholders’ equity 0 0
Common Stock - Class B [Member]    
Stockholders’ equity:    
Common stock 2,663 2,663
Total stockholders’ equity $ 2,663 $ 2,663