Atlantic Broadband Finance, LLC

CIK:0001289785|SEC Filings

Consolidated Statements Of Operations (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
Consolidated Statements Of Operations [Abstract]
Revenue	$ 329,081	$ 316,978	$ 301,714
Operating expenses
Direct operating expenses (excluding depreciation and amortization shown separately below)	143,802	141,286	135,535
Selling, general and administrative expenses (excluding depreciation and amortization shown separately below)	40,301	42,689	41,522
Depreciation and amortization	44,294	42,624	41,784
Income from operations	100,684	90,379	82,873
Interest expense	(40,922)	(42,961)	(40,702)
Loss on extinguishment of debt		(1,161)	(4,619)
Net gain on derivative instruments			1,821
Net income	$ 59,762	$ 46,257	$ 39,373

Consolidated Statements Of Cash Flows (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
Cash flows from operating activities
Net income	$ 59,762	$ 46,257	$ 39,373
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation and amortization	44,294	42,624	41,784
Amortization of debt issuance costs	2,860	2,573	2,418
Amortization of debt discount	1,045	87
Loss on extinguishment of debt		1,161	4,619
Net (gain) loss on derivative instrument			(1,821)
Changes in operating assets and liabilities, net of acquisition
Accounts receivable	(348)	1,275	(1,073)
Prepaid expenses and other current assets	(53)	150	147
Accounts payable, accrued expenses, other long-term liabilities and accrued interest	(1,444)	(2,309)	(1,242)
Unearned service revenue	294	149	(1)
Net cash provided by operating activities	106,410	91,967	84,204
Cash flows from investing activities
Purchases of plant, property and equipment	(40,107)	(37,967)	(29,095)
Acquisition of cable systems			(1,626)
Net cash used in investing activities	(40,107)	(37,967)	(30,721)
Cash flows from financing activities
Proceeds from issuance of debt, net of discount		572,125
Payments of revolving credit facility			(12,917)
Repayments of debt principal	(69,162)	(460,360)	(11,373)
Payments of capital lease obligations			(199)
Dividend to member	(426)	(165,359)	(15,340)
Payment of debt issuance costs		(5,355)	(5,965)
Net cash used in financing activities	(69,588)	(58,949)	(45,794)
Net change in cash and equivalents	(3,285)	(4,949)	7,689
Cash and cash equivalents, beginning of period	9,747	14,696	7,007
Cash and cash equivalents, end of period	6,462	9,747	14,696
Supplemental disclosure of cash flow information
Interest paid	35,798	40,381	38,512
Supplemental disclosure of noncash investing activities
Capital expenditures included in accounts payable and accrued expenses	$ 2,870	$ 3,879	$ 2,562

Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	Dec. 31, 2011	Dec. 31, 2010
Assets
Cash and cash equivalents	$ 6,462	$ 9,747
Accounts receivable - net of allowance for doubtful accounts of $353 and $371, respectively	8,635	8,260
Accounts receivable - related party	566	593
Prepaid expenses and other current assets	1,610	1,557
Total current assets	17,273	20,157
Plant, property and equipment, net	193,354	194,057
Franchise rights	524,400	524,400
Goodwill	35,905	35,905
Other intangible assets, net	615	1,229
Debt issuance costs, net	4,895	7,755
Total assets	776,442	783,503
Liabilities and Member's Equity
Current portion of senior debt	5,550	5,750
Accrued interest	7,742	6,523
Accounts payable	15,044	15,021
Accrued expenses	12,432	12,262
Unearned service revenue	5,129	4,835
Total current liabilities	45,897	44,391
Long-term debt, net of current portion	628,545	696,462
Other long-term liabilities	2,204	2,190
Total liabilities	676,646	743,043
Commitments and contingencies (Note 13)
Member's equity/(deficit)	(16,647)	(16,221)
Retained earnings	116,443	56,681
Total member's equity	99,796	40,460
Total liabilities and member's equity	$ 776,442	$ 783,503