WideOpenWest Finance, LLC

CIK:0001571833|SEC Filings

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
Revenue	$ 300.0	$ 302.3
Costs and expenses:
Operating (excluding depreciation and amortization)	159.8	164.5
Selling, general and administrative	30.3	26.0
Depreciation and amortization	50.3	52.5
Management fee to related party (note 11)	0.5	0.4
Total costs and expenses	240.9	243.4
Income from operations	59.1	58.9
Other income (expense):
Interest expense	(45.7)	(54.2)
Loss on early extinguishment of debt (note 6)	(5.0)
Gain on sale of assets (note 4)	38.7
Realized and unrealized gain on derivative instruments		1.1
Other income, net	1.5
Income before provision for income taxes	48.6	5.8
Income tax expense (note 9)	(16.7)	(1.0)
Net income	$ 31.9	$ 4.8

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Cash flows from operating activities:
Net income	$ 31.9	$ 4.8
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	50.3	52.5
Realized and unrealized gain on derivative instruments		(1.1)
Provision for doubtful accounts	4.2	4.6
Deferred income taxes	7.7	0.5
Gain on asset sale (note 4)	(38.7)
Amortization of debt issuance costs, premium and discount, net	1.2	2.4
Non-cash compensation expense	0.5
Loss on early extinguishment of debt	0.2
Other non-cash items	0.3
Changes in operating assets and liabilities:
Receivables and other operating assets	1.0	(1.4)
Payables and accruals	(27.6)	(36.1)
Net cash flows provided by operating activities	31.0	26.2
Cash flows from investing activities:
Capital expenditures	(79.2)	(63.6)
Proceeds from asset sale (note 4)	213.0
Other investing activities	2.0	0.1
Net cash flows provided by (used in) investing activities	135.8	(63.5)
Cash flows from financing activities:
Payments on debt and capital lease obligations	(110.8)	(5.4)
Contribution from parent	8.8	25.0
Repurchase of management units	(8.8)
Distribution to parent	(0.3)
Net cash flows (used in) provided by financing activities	(111.1)	19.6
Increase (decrease) in cash and cash equivalents	55.7	(17.7)
Cash and cash equivalents, beginning of period	30.8	66.6
Cash and cash equivalents, end of period	86.5	48.9
Supplemental disclosures of cash flow information:
Cash paid during the periods for interest	67.6	83.3
Cash paid during the periods for income taxes	1.2
Non-cash financing activities:
Changes in non-cash capital expenditure accruals	$ (12.7)	$ (3.0)

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Current assets:
Cash and cash equivalents	$ 86.5	$ 30.8
Accounts receivable-trade, net of allowance for doubtful accounts of $5.0 and $9.4, respectively	72.1	87.2
Accounts receivable-other	0.9	0.2
Prepaid expenses and other	13.5	11.3
Total current assets	173.0	129.5
Plant, property and equipment, net (note 3)	990.0	995.1
Franchise operating rights	966.5	1,066.6
Goodwill	410.1	460.7
Intangible assets subject to amortization, net	7.0	7.6
Investments		0.9
Other noncurrent assets	7.7	3.4
Total assets	2,554.3	2,663.8
Current liabilities:
Accounts payable-trade	23.2	21.0
Accrued interest	24.1	47.3
Accrued liabilities and other (note 5)	92.8	109.9
Current portion of debt and capital lease obligations (note 6)	22.3	22.7
Current portion of unearned service revenue	45.6	50.2
Total current liabilities	208.0	251.1
Long term debt and capital lease obligations-less current portion and debt issuance costs (note 6)	2,739.2	2,848.5
Deferred income taxes, net (note 9)	434.6	426.9
Unearned service revenue	14.7	14.5
Other noncurrent liabilities	7.5	4.6
Total liabilities	3,404.0	3,545.6
Commitments and contingencies (note 10)
Members' deficit	(66.6)	(66.8)
Accumulated deficit	(783.1)	(815.0)
Total members' deficit	(849.7)	(881.8)
Total liabilities and members' deficit	$ 2,554.3	$ 2,663.8