Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS (Unaudited)

v3.8.0.1
CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 19,203 $ 19,297
Receivables 183,785 184,296
Less allowance for doubtful receivables 4,282 4,407
Net receivables 179,503 179,889
Prepaid expenses 23,162 18,599
Inventories 9,394 11,945
Other current assets 62 167
Total current assets 231,324 229,897
Property and equipment 2,714,782 2,614,875
Less accumulated depreciation 1,561,039 1,452,957
Net property and equipment 1,153,743 1,161,918
Goodwill 242,264 239,263
Cable certificates 191,635 191,635
Wireless licenses 93,753 92,347
Other intangible assets, net of amortization 74,371 74,444
Other assets 76,200 76,435
Total other assets 678,223 674,124
Total assets 2,063,290 2,065,939
Current liabilities:    
Current maturities of obligations under long-term debt, capital leases, and tower obligation 13,756 13,229
Accounts payable 58,288 72,937
Deferred revenue 41,348 37,618
Accrued payroll and payroll related obligations 31,460 30,305
Accrued interest (including $3,714 and $5,132 to a related party at September 30, 2017 and December 31, 2016, respectively) 25,968 13,926
Accrued liabilities 13,988 14,729
Subscriber deposits 1,239 917
Total current liabilities 186,047 183,661
Long-term debt, net (including $58,177 and $56,640 to a related party at September 30, 2017 and December 31, 2016, respectively) 1,333,485 1,333,446
Obligations under capital leases, excluding current maturities (including $1,721 and $1,769 due to a related party at September 30, 2017 and December 31, 2016, respectively) 42,864 50,316
Deferred income taxes 133,610 137,982
Long-term deferred revenue 136,722 135,877
Tower obligation 93,842 87,653
Derivative stock appreciation rights with related party 83,670 29,700
Other liabilities 55,741 54,056
Total liabilities 2,065,981 2,012,691
Commitments and contingencies
Stockholders’ equity (deficit):    
Paid-in capital 16,512 3,237
Retained earnings (deficit) (54,417) 17,068
Total General Communication, Inc. stockholders' equity (deficit) (35,576) 22,719
Non-controlling interests 32,885 30,529
Total stockholders’ equity (deficit) (2,691) 53,248
Total liabilities and stockholders’ equity (deficit) 2,063,290 2,065,939
Common Stock Class A    
Stockholders’ equity (deficit):    
Common stock (no par) 0 0
Less cost of 26 Class A common shares held in treasury at September 30, 2017 and December 31, 2016 (249) (249)
Common Stock Class B    
Stockholders’ equity (deficit):    
Common stock (no par) $ 2,578 $ 2,663