Operating Report for Telecommunications Borrowers

According to the Paperwork Reduction Act of 1995, an agency may not conduct or sponsor, and a person is not required to respond to, a collection of information unless it displays a valid OMB control number. The valid
OMB control number for this information collection is 0572-0031. The time required to complete this information collection is estimated to average 4 hours per response, including the time for reviewing instructions,
searching existing data sources, gathering and maintaining the data needed, and completing and reviewing the collection of information.

USDA-RUS

This data will be used by RUS to review your financial situation. Your response is required by 7 U.S.C. 901 et seq.
and, subject to federal laws and regulations regarding confidential information, will be treated as confidential.
BORROWER NAME

OPERATING REPORT FOR
TELECOMMUNICATIONS BORROWERS
INSTRUCTIONS-Submit report to RUS within 30 days after close of the period.
For detailed instructions, see RUS Bulletin 1744-2. Report in whole dollars only.

PERIOD ENDING

BORROWER DESIGNATION

CERTIFICATION
We hereby certify that the entries in this report are in accordance with the accounts and other records of the system and reflect the status of the system
to the best of our knowledge and belief.
ALL INSURANCE REQUIRED BY 7 CFR PART 1788, CHAPTER XVII, RUS, WAS IN FORCE DURING THE REPORTING PERIOD AND
RENEWALS HAVE BEEN OBTAINED FOR ALL POLICIES.
DURING THE PERIOD COVERED BY THIS REPORT PURSUANT TO PART 1788 OF 7CFR CHAPTER XVII
(Check one of the following)
There has been a default in the fulfillment of the obligations
under the RUS loan documents. Said default(s) is/are
specifically described in the Telecom Operating Report

All of the obligations under the RUS loan documents
have been fulfilled in all material respects.

DATE

PART A. BALANCE SHEET

ASSETS

BALANCE

BALANCE

PRIOR YEAR

END OF PERIOD

CURRENT ASSETS

LIABILITIES AND STOCKHOLDERS' EQUITY

BALANCE

BALANCE

PRIOR YEAR

END OF PERIOD

CURRENT LIABILITIES

1. Cash and Equivalents

25. Accounts Payable

2. Cash-RUS Construction Fund

26. Notes Payable

3. Affiliates:

27. Advance Billings and Payments

a. Telecom, Accounts Receivable

28. Customer Deposits

b. Other Accounts Receivable

29. Current Mat. L/T Debt

c. Notes Receivable

30. Current Mat. L/T Debt-Rur. Dev.

4. Non-Affiliates:

31. Current Mat.-Capital Leases

a. Telecom, Accounts Receivable

32. Income Taxes Accrued

b. Other Accounts Receivable

33. Other Taxes Accrued

c. Notes Receivable

34. Other Current Liabilities

5. Interest and Dividends Receivable

35. Total Current Liabilities (25 thru 34)

6. Material-Regulated

LONG-TERM DEBT

7. Material-Nonregulated

36. Funded Debt-RUS Notes

8. Prepayments

37. Funded Debt-RTB Notes

9. Other Current Assets

38. Funded Debt-FFB Notes

10. Total Current Assets (1 Thru 9)

39. Funded Debt-Other

NONCURRENT ASSETS

40. Funded Debt-Rural Develop. Loan

11. Investment in Affiliated Companies

41. Premium (Discount) on L/T Debt

a. Rural Development

42. Reacquired Debt

b. Nonrural Development

43. Obligations Under Capital Lease

12. Other Investments

44. Adv. From Affiliated Companies

a. Rural Development

45. Other Long-Term Debt

b. Nonrural Development

46. Total Long-Term Debt (36 thru 45)

13. Nonregulated Investments

OTHER LIAB. & DEF. CREDITS

14. Other Noncurrent Assets

47. Other Long-Term Liabilities

15. Deferred Charges

48. Other Deferred Credits

16. Jurisdictional Differences

49. Other Jurisdictional Differences

17. Total Noncurrent Assets (11 thru 16)

50. Total Other Liabilities and Deferred Credits (47 thru 49)

PLANT, PROPERTY, AND EQUIPMENT

EQUITY

18. Telecom, Plant-in-Service

51. Cap. Stock Outstand. & Subscribed

19. Property Held for Future Use

52. Additional Paid-in-Capital

20. Plant Under Construction

53. Treasury Stock

21. Plant Adj., Nonop. Plant & Goodwill

54. Membership and Cap. Certificates

22. Less Accumulated Depreciation

55. Other Capital

23. Net Plant (18 thru 21 less 22)

56. Patronage Capital Credits

24. TOTAL ASSETS (10+17+23)

57. Retained Earnings or Margins
58. Total Equity (51 thru 57)
59. TOTAL LIABILITIES AND EQUITY (35+46+50+58)

Total Equity =

% of Total Assets

Page 1 of 6

USDA-RUS

BORROWER DESIGNATION

OPERATING REPORT FOR
TELECOMMUNICATIONS BORROWERS

PERIOD ENDING

INSTRUCTIONS- See RUS Bulletin 1744-2

PART B. STATEMENTS OF INCOME AND RETAINED EARNINGS OR MARGINS
ITEM

PRIOR YEAR

THIS YEAR

1. Local Network Services Revenues
2. Network Access Services Revenues
3. Long Distance Network Services Revenues
4. Carrier Billing and Collection Revenues
5. Miscellaneous Revenues
6. Uncollectible Revenues
7. Net Operating Revenues (1 thru 5 less 6)
8. Plant Specific Operations Expense
9. Plant Nonspecific Operations Expense (Excluding Depreciation & Amortization)
10. Depreciation Expense
11. Amortization Expense
12. Customer Operations Expense
13. Corporate Operations Expense
14. Total Operating Expenses (8 thru 13)
15. Operating Income or Margins (7 less 14)
16. Other Operating Income and Expenses
17. State and Local Taxes
18. Federal Income Taxes
19. Other Taxes
20. Total Operating Taxes (17+18+19)
21. Net Operating Income or Margins (15+16-20)
22. Interest on Funded Debt
23. Interest Expense - Capital Leases
24. Other Interest Expense
25. Allowance for Funds Used During Construction
26. Total Fixed Charges (22+23+24-25)
27. Nonoperating Net Income
28. Extraordinary Items
29. Jurisdictional Differences
30. Nonregulated Net Income
31. Total Net Income or Margins (21+27+28+29+30-26)
32. Total Taxes Based on Income
33. Retained Earnings or Margins Beginning-of-Year
34. Miscellaneous Credits Year-to-Date
35. Dividends Declared (Common)
36. Dividends Declared (Preferred)
37. Other Debits Year-to-Date
38. Transfers to Patronage Capital
39. Retained Earnings or Margins End-of-Period [(31+33+34) - (35+36+37+38)]
40. Patronage Capital Beginning-of-Year
41. Transfers to Patronage Capital
42. Patronage Capital Credits Retired
43. Patronage Capital End-of-Year (40+41-42)
44. Annual Debt Service Payments
45. Cash Ratio [(14+20-10-11) / 7]
46. Operating Accrual Ratio [(14+20+26) / 7]
47. TIER [(31+26) / 26]
48. DSCR [(31+26+10+11) / 44]

Page 2 of 6

USDA-RUS

BORROWER DESIGNATION

OPERATING REPORT FOR
TELECOMMUNICATIONS BORROWERS

PERIOD ENDING

INSTRUCTIONS- See RUS Bulletin 1744-2

PART C. SUBSCRIBER (ACCESS LINE), ROUTE MILE, & HIGH SPEED DATA INFORMATION

1. RATES

See Part C Continuation Attached- (if box is checked)

2. SUBSCRIBERS (ACCESS LINES)

EXCHANGE

B-1

R-1

BUSINESS

RESIDENTIAL

No. Exchanges

(a)

(b)

(a)

(b)

TOTAL
(c)

3. ROUTE MILES
TOTAL
(including fiber)

FIBER

(a)

(b)

Mobile Wireless
Route Mileage Outside Exchange Area
TOTAL

Page 3 of 6

BORROWER DESIGNATION

USDA-RUS

OPERATING REPORT FOR
TELECOMMUNICATIONS BORROWERS

PERIOD ENDING

INSTRUCTIONS- See RUS Bulletin 1744-2
PART C. SUBSCRIBER (ACCESS LINE), ROUTE MILE, & HIGH SPEED DATA INFORMATION

See Part C Continuation Attached- (if box is checked)

4. BROADBAND SERVICE
Details on Least Expensive Broadband Service

EXCHANGE

No. Access Lines
with BB available

No. of Broadband
Subscribers

(a)

(b)

Number of
Subscribers

Advertised
Download Rate
(Mbps)

Advertised Upload
Rate (Mbps)

(c)

(d)

(e)

Price per Month
(Standalone/Pckg)

Type of Technology

(f)

(g)

TOTAL

Page 4 of 6

USDA-RUS

BORROWER DESIGNATION

OPERATING REPORT FOR
TELECOMMUNICATIONS BORROWERS

PERIOD ENDING

INSTRUCTIONS- See RUS Bulletin 1744-2
PART D. SYSTEM DATA
1. No. Plant Employees

2. No. Other Employees

3. Square Miles Served

4. Access Lines per Square Mile

5. Subscribers per Route Mile

PART E. TOLL DATA
1. Study Area ID Code(s)

2. Types of Toll Settlements (Check one)
a.

Interstate:

Average Schedule

Cost Basis

Intrastate:

Average Schedule

Cost Basis

b.
c.
d.
e.
f.
g.
h.
i.
j.

PART F. FUNDS INVESTED IN PLANT DURING YEAR
1. RUS, RTB, & FFB Loan Funds Expended
2. Other Long-Term Loan Funds Expended
3. Funds Expended Under RUS Interim Approval
4. Other Short-Term Loan Funds Expended
5. General Funds Expended (Other than Interim)
6. Salvaged Materials
7. Contribution in Aid to Construction
8. Gross Additions to Telecom. Plant (1 thru 7)
PART G. INVESTMENTS IN AFFILIATED COMPANIES
CURRENT YEAR DATA

INVESTMENTS

(a)

CUMULATIVE DATA
Cumulative

Cumulative

Investment

Income/Loss

Investment

Income/Loss

Current

This Year

This Year

To Date

To Date

Balance

(b)

(c)

(d)

(e)

(f)

1. Investment in Affiliated Companies - Rural Development
2. Investment in Affiliated Companies - Nonrural Development

Page 5 of 6

USDA-RUS

BORROWER DESIGNATION

OPERATING REPORT FOR
TELECOMMUNICATIONS BORROWERS

PERIOD ENDING

PART H. CURRENT DEPRECIATION RATES
Are corporation's depreciation rates approved by the regulatory authority
with jurisdiction over the provision of telephone services? (Check one)

EQUIPMENT CATEGORY

1.

Land and support assets - Motor Vehicles

2.

Land and support assets - Aircraft

3.

Land and support assets - Special purpose vehicles

4.

Land and support assets - Garage and other work equipment

5.

Land and support assets - Buildings

6.

Land and support assets - Furniture and Office equipment

7.

Land and support assets - General purpose computers

8.

Central Office Switching - Digital

9.

Central Office Switching - Analog & Electro-mechanical

YES

NO

DEPRECIATION RATE

10. Central Office Switching - Operator Systems
11. Central Office Transmission - Radio Systems
12. Central Office Transmission - Circuit equipment
13. Information origination/termination - Station apparatus
14. Information origination/termination - Customer premises wiring
15. Information origination/termination - Large private branch exchanges
16. Information origination/termination - Public telephone terminal equipment
17. Information origination/termination - Other terminal equipment
18. Cable and wire facilities - Poles
19. Cable and wire facilities - Aerial cable - Metal
20. Cable and wire facilities - Aerial cable - Fiber
21. Cable and wire facilities - Underground cable - Metal
22. Cable and wire facilities - Underground cable - Fiber
23. Cable and wire facilities - Buried cable - Metal
24. Cable and wire facilities - Buried cable - Fiber
25. Cable and wire facilities - Conduit systems
26. Cable and wire facilities - Other

Page 6 of 6

BORROWER DESIGNATION

USDA-RUS

OPERATING REPORT FOR
TELECOMMUNICATIONS BORROWERS

PERIOD ENDED

INSTRUCTIONS – See help in the online application.
PART I – STATEMENT OF CASH FLOWS
1.

Beginning Cash (Cash and Equivalents plus RUS Construction Fund)

2.

Net Income

3.

Add: Depreciation

4.

Add: Amortization

5.

Other (Explain)

6.

Decrease/(Increase) in Accounts Receivable

7.

Decrease/(Increase) in Materials and Inventory

8.

Decrease/(Increase) in Prepayments and Deferred Charges

CASH FLOWS FROM OPERATING ACTIVITIES
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities

Changes in Operating Assets and Liabilities

9.

Decrease/(Increase) in Other Current Assets

10.

Increase/(Decrease) in Accounts Payable

11.

Increase/(Decrease) in Advance Billings & Payments

12.

Increase/(Decrease) in Other Current Liabilities

13.

Net Cash Provided/(Used) by Operations

14.

Decrease/(Increase) in Notes Receivable

15.

Increase/(Decrease) in Notes Payable

16.

Increase/(Decrease) in Customer Deposits

CASH FLOWS FROM FINANCING ACTIVITIES

17.

Net Increase/(Decrease) in Long Term Debt (Including Current Maturities)

18.

Increase/(Decrease) in Other Liabilities & Deferred Credits

19.

Increase/(Decrease) in Capital Stock, Paid-in Capital, Membership and Capital Certificates & Other Capital

20.

Less: Payment of Dividends

21.

Less: Patronage Capital Credits Retired

22.

Other (Explain)

23.

Net Cash Provided/(Used) by Financing Activities

24.

Net Capital Expenditures (Property, Plant & Equipment)

25.

Other Long-Term Investments

26.

Other Noncurrent Assets & Jurisdictional Differences

27.

Other (Explain)

28.

Net Cash Provided/(Used) by Investing Activities

29.

Net Increase/(Decrease) in Cash

30.

Ending Cash

CASH FLOWS FROM INVESTING ACTIVITIES

Revision Date 2010