Loading...
HomeMy WebLinkAbout2007Annual Report.pdfJi Ii.t .', ., S g~ ¡l.C- :J "'-40 ~ m l ('N rn '2~ mo ANNUAL REPORT OF CAlt-r Cambridge Telephone. Company" Inc. NAME P.o. Box 88, Cambridge, ID 83610 ADDRESS TO THE (ji IDAHOp.UBlIC UTiliTIES COMMISSION FOR THE YEAR ENDED December 31,2007 See Accountanfs Comion Report w~ ~l!sllng ACCOUNTANT'S COMPILATION REPORT The Board of Directors Cambridge Telephone Company, Inc. POBox 88 Cambridge, Idaho 83610 We have compiled the accompanying balance sheets of Cambridge Telephone Company, Inc. as of December 31, 2007 and 2006, and the related income and retained earings statement for the year ended December 31, 2007, included in the accompanying prescribed form, in accordance with Statements on Standards for Accounting and Review Services issued by the American Institute of Certified Public Accountats. We have also compiled the supplementar information, except for pages 1,2, 18, 19, and 20. Our compilation was limited to presenting in the form prescribed by the Idaho Public Utilities Commission information that is the representation of management. We have not audited or reviewed the financial statements referred to above and, accordingly; do not express an opinion or any other form of assurance on them. These financial statements and the supplementar information are presented in accordance with the requirements of the Idaho Public Utilties Commission, which differ from generally accepted accounting principles. Accordingly, the financial statements and supplementa information are not designed for those who are not informed about such differences. The information contained on pages 1, 2, 18, 19, and 20 has not been audited, reviewed, or compiled by us, and, accordingly, we assume no responsibilty for that information.~ ~L-L, Colorado Springs, CO April 26, 2008 Kiesling Associates LLP I Kiesling Consulting LLC I Kiesling Investment Management LLC ANNUAL REPORT OF SMALL TELEPHONE COMPANIES TO THE IDAHO PUBLIC UTILITIES COMMISSION FOR THE YEAR ENDING DECEMBER 31, 2007 COMPANY INFORMATION Exact name of utility: Cambridge Telephone Company, Inc. Address of principal office: P.O. Box 69, Cambridge, 1083610 Telephone Number (Area Code 208 ) 257-3314 Cities or towns served: Cambridge, Council, Indian Valley, Cuprum, Lowman Name and title of officer having custody of the general corporate books of account: Richard Wiggins, General Manager/President Address of office where corporate books are kept and phone number: P.O. Box 88, 130 Superior Street, Cambridge, 1083610, (208) 257-3314 Organized under the laws of the State of: Idaho Oate of organization: 1966 Form of organization (proprietorship, association, corporation): Corporation If a Subchapter S Corporation, please specify: N/A Name and address of controlling company, if any: N/A Names of affiliated companies. Give address and description of business: CTC Construction, Inc., P.O. Box 88, Cambridge, 10 83610-Construction Services; CTC Telecom, Inc., P.O. Box 69, Cambridge, 10 83610-Telecommunications, Internet and Wireless (CLEC) OFFICERS Report below the title, name and office address of each general officer of the utility at the end of the year. If there were any changes during the year, show the name, title, and address of the previous officer and the date of change. Title President Vice President SecretarylTreasurer Name Richard Wiggins Kermit Wiggins Kristie Kanady Address P.O. Box 88, Cambridge, 1083610 P.O. Box 88, Cambridge, 1083610 P.O. Box 353, Cambridge, 1083610 Rev 3/02 Page 1 See Accountant's CompllaioReport ¡DIRECTORS List the name of each person who was a member of the Board of Directors at any given time during the year: (Fees related to meetings only.) Term Expired or Current TermName Wil Expire and Address Kermit Wiggins Indefinite P.O. Box 88, Cambridge, ID 83610 Richard Wiggins Indefinite P.O. Box 88, Cambridge, ID 83610 Joana Wiggins Indefinite P.O. Box 88, Cambridge, ID 83610 Karen Wiggins Indefinite P.O. Box 88, Cambridge, ID 83610 Krisie Kanady Indefinite P.O. Box 88, Cambridge, ID 83610 Meetings Attended This year Fees Paid During Year 1 15,000 1 15,000 1 15,000 1 15,000 1 15,000 Name of Chairman of the Board: Kermit Wiggins Name of Secretary (or Clerk) of Board: Kristie Kanady Number of Meetings of the Board during the year: 1 MANAGERS List the name of each person who performed management duties for the Company during the year, and the total wages and bonuses paid to those persons: (Do not include Director fees in these amounts.) Name Title Wages and Bonuses Paid Richard Wiggins Kermit Wiggins Kristie Kanady Jerry Piper President Vice President Secretary/Treasurer Assistant Manager 109,359 6,170 45,023 62,864 Rev 3/02 Page 2 See Accountant's Compilation Report NOTES TO THE FINANCIAL STATEMENTS Please provide important information such as changes in accounting or depreciation practices, extensions or additions to the system; disposal of any substantial portion of the property of the utility; reorganization, mergers, or consolidations with other companies; leases executed; other contracts or agreements entered into; changes made in articles of incorporation or amendments; the occurrence of contingency losses or gains. 1 In 1998, CTC Telecom, Inc. (CTC), a wholly-owned subsidiary of Cambridge Telephone Company, was incorporated, with an initial investment of $100,000. CTC operates as a Competitive Local Exchange Carrier in the state of Idaho. Additional capital investments of $900,000 have been made through December 31,2007. In April, 1999, CTC secured a loan from CoBank, ACB in the amount of $1,700,000, of which $896,981 was unpaid as of December 31,2007. The loan is secured by a Leasehold Deed of Trust and Security Agreement covering all real and personal property. In addition, the loan is secured by Personal Guarantee of Payment Agreements by certain shareholders of Cambridge Telephone Company, and Pledge Agreements for stock of Cambridge Telephone Company owned by certain shareholders. An additional loan from CoBank, ACB of $800,000 was arranged for in 2001, of which $332,334 was unpaid as of December 31, 2007. 2 Cambridge Telephone Company (Pledgor) is a member of Syringa Networks, LLC, an Idaho Limited Liability Company. In 2002, as security for an extension of credit by Rural Telephone Finance Cooperative, a South Dakota cooperative association (Lender) to Syringa Networks, LLC (Borrower), in the principal amount of up to $30,000,000, Pledgor executed and delivered to lender a Pledge and Security Agreement and a Guarantee Agreement. In 2007, Borrower refinanced through Co Bank and the guarantee was lifted. Pledgor's investment in borrower as of December 31, 2007 was $992,935 (equity method investment) 3 In 2003, the Company received approval from the Rural Utilities Service (RUS) for new loans from RUS and the Rural Telephone Bank (RTB) in the total amount of $17,143,950. The loans were approved by the Idaho Public Utilities Commission by Order No. 29399 dated December 10, 2003. The loans were finalized in 2004, and notes dated April 4, 2004 in the total amount of $17,143,950 were issued. Funds totaling $7,997,779 were advanced, and $7,214,311 were unpaid under these loans through December 31,2006. From these advances, $2,437,712 was used in 2004 to refinance the balance of the loan from CoBank, ACB. 5 During 2006, the Company, through its 100% owned subsidiary CTC Telecom, made a prior period adjustment to reclassify $21,375 of payments received in 2005 out of 2005 net income and into a deferred revenue account to be recognized over 10 years, the expected life of the assets. Had this reclassification not been made, 2005 net income (loss) would have been reduced by $21,375 net of tax of $7,550. Prior year balance sheet accounts were adjusted to reflect this prior period adjustment. Rev 3/02 Page 3 See Accountant's Compilation Report l BALANCE SHEET Assets and Other Debits Balance Balance Increase Beginning at End or Title of Account of Year of Year (Decrease) Current Assets 1120 Cash and Equivalents 1130 Cash (4,206)15,493 19,699 1140 Special Cash Deposits 247,263 606 (246,657) 1150 Working Cash Advances 1160 Temporary Investments 1180 Telecommunications Accts. Receivable 206,225 231,506 25,281 1181 Accts. Rec. Allow. -Telecommunications 1190 Other Accounts Receivable 1,626,010 1,922,744 296,734 1191 Accounts Receivable Allow. - Other 1200 Notes Receivable 82,919 75,756 (7,163) 1201 Notes Receivable Allowance 1210 Interest & Dividends Receivable 3,007 4,749 1,742 1220 Material and Supplies 111,996 181,701 69,705 1280 Prepayments 1290 Prepaid Rents 1300 Prepaid Taxes 7,017 7,017 1310 Prepaid Insurance 1320 Prepaid Directory Expenses 1330 Other Prepayments 11,194 1,168 (10,026) 1350 Other Current Assets Noncurrent Assets 1401 Investment in Affiliated Companies (139,406)(155,118)(15,712) 1402 Investment in Nonaffiliated Companies 1,827,400 2,061,357 233,957 1406 Nonregulated Investments 197,227 184,462 (12,765) 1407 Unamortized Debt Issuance Expense 6,275 5,835 (440) 1408 Sinking Funds 1410 Other Noncurrent Assets 71,526 115,811 44,285 1438 Deferred Maintenance & Retirements 1439 Deferred Charges 1,470 1,470 1500 Other Jurisdiction Assets - Net Property, Plant and Equipment 2001 Telecommunications Plants in Service 16,713,222 17,961,034 1,247,812 2002 Prop. Held for Future Telecom. Use 2003 Telecom. Plant under Constr. - Short Term 464,898 143,450 (321,448) 2004 Telecom. Plant under Constr. - Long Term 2005 Telecom. Plant Adjustment 2006 Nonoperating Plant 2007 Goodwill 1,691,657 1,691,657 Depreciation and Amortization Accounts 3100 Accumulated Depreciated (10,288,277)(10,594,660)(306,383) 3200 Accum. Depre. - Held for Future Use 3300 Accumulated Depreciation - Nonoperating 3400 Accumulated Amortization - Tangible 3410 Accum. Amort. - Capitalized Leases 3420 Accum. Amort. - Leasehold Improvements 3500 Accumulated Amortization - Intangible 3600 Accumulated Amortization - Other TOTAL ASSETS 12,837,417 13,856,038 1,018,621 Rev 3/02 Page 4 see Accountant's Compilation Report BALANCE SHEET Liabilties & Stockholders' Equity Balance Balance Increase Beginning at End or Title of Account of Year of Year (Decrease) Current Liabilties 4010 Accounts Payable 241,554 412,386 170,832 4020 Notes Payable 470,000 470,000 4030 Advance Billings and Payments 91,177 96,808 5,631 4040 Customer Deposits 2,815 3,975 1,160 4050 Current Maturities - Long -Term Debt 786,300 960,600 174,300 4060 Current Maturities - Capital leases 4070 Income Taxes - Accrued 4080 Other Taxes - Accrued 19,195 19,108 (87) 4100 Net Current Defer. Oper. Income Taxes (56,932)(74,381)(17,449) 4110 Net Current Defer. Nonoper. Income Taxes 4120 Other Accrued Liabilities 108,547 112,635 4,088 4130 Other Current Liabilities 52,830 52,830 Long-Term Debt 4210 Funded Debt 7,971,010 8,109,513 138,503 4220 Premium on Long-Term Debt 4230 Discount on Long-Term Debt 4240 Reacquired Debt 4250 Obligations Under Capital Leases 4260 Advances from Affiliated Companies 4270 Other Long-Term Debt Other Liabilties & Deferred Credits 4310 Other Long-Term Liabilities 4320 Unamort. Oper. Invest. Tax Credits - Net 152,947 147,862 (5,085) 4330 Unamort. Nonoper. Invest. Tax Credits - Net 4340 Net Noncurrent Defer. Oper. Income Taxes 137,868 148,331 10,463 4350 Net Noncur. Defer. Nonoper. Income Taxes 168,976 183,926 14,950 4360 Other Deferred Credits 98,587 83,521 (15,066) 4370 Other Juris. Liab. & Def. Credits - Net Stockholders' Equity 4510 Capital Stock 30,000 30,000 4520 Additional Paid-In Capital 4530 Treasury Stock (12,511)(12,511) 4540 Other Capital 4550 Retained Earnings 3,097,884 3,111,435 13,551 TOTAL L1AB. & OTHER CREDITS 12,837,417 13,856,038 1,018,621 Rev 3/02 Page 5 See Accountant's Compilation Report C\~i.co I'~CD i.CO 0 0 CO C\C\0)0 oo0C\CD ~~0 ~CD C\~CD CO CD °i.CD (' CI "-C'~I CO 0 CO 0 ~,~I ~0 i I'i CO.I CD 0)i C'I CO 0to'0 CO ÑI'c:00 00 c:Ñ 00 oi oi Ñ ~i-c:i-C"i:~0 CO ~C'i.~~~C\C\C\C'C\~.. CO i:~i.CD "'~q q 0)~~CO ¡¡W ..C\oi 0) CO 0 I'.. S M êò C'0 ~~00~I'CD I'0)0)i. l!i:C'~i.~C'C'I' .!CI Ñ oi i-C"C"(''0 E ~i.~C'C'II i:-:s ~..i. i:CO II ..(' l!:ii-:cc: wo ~wf/ ~i-z ~a. II f/ ¡iiz Æ o =- ~ ~ z E=i 8:æ ..:æ c:o i-00 CI ~ i- gw ~i- co 11of/ ~c:zc: _ '0 '0i: ! Õ co :¡ f/ ii &! 5 "- II co § ~ :¡ Cl :a .ê~ :iC Cl "- .5 co i: CI i: )-.- ..Cl 0 Æ CIto.~ CIf/ i:-i: coii IIi:o:¡ coto .2:i E Eoto CIãii- 'õ II L- ~co ~i: ~ c: C\ MC\~ C":s C' CDco..co C' i. i. CD °~~:gt!~ cô cô ~ i- i-0) ° i.~ ~ õ) ~~ ~C'i. cô~ ~ CDC\ i.0) c\ c: C"~ 0~ ~I ~~o0). mooi. °C' CDÑ~co ..:! co ~c:c\c\ I'coi I' o CDi I'Ñ cocoi CC~c\ c\ ~I ~o I' c:C' ~~ ~~ ¡t ~c\~ 00coo. 0)i.i C'i- co Q):0eoü "0 Q)i: :0 :: eoe ü e' "0 Q) Q)"0 .;: i: :: =i co Q):0eoü -t Q) -Q)~:0eo zü Cl Q) i: ~ .§ :§ '5 eo 'S ;:E .0 ei.0 ~ .;:~ 1: ~ gI co C"~~ $i:Q) E II ~E en a.Q) ig _E ii eo ~ ~ 32 '5 - ,g"0 ~ ig 5 g. eoü ü ~ ~~ ~~~ N ~ ~~ ~~ ~~~~~ ~~~~~ N~ ~~æ ~~w~~N N N N N N N N N ~ ~ ~ ~ ~ ~ ~ c\ c\ ~ ~ ~ ~ ~ c\ ~ ~ ~ C\ æ æ æ ~ r:C' 0)Ñ ..o ~~ CD C' 0 C\o ~ CDi I' C\ C\. cô .. I'~ ~CD co. lß 1:13 Q) 1: :e E Q)~.~ E.. :: a. ig g'slß 0 ~ g"õ e-o~:e æ $: 0 ~iæ..~¡g$:to eo Q)~ ~ ro £; :e f/ C9 0 .."0 0i: Õ j :E en Q)Cl .. i: :::s :t~ E:: ::co u. ~ Cl gi.$ .5 gi:e:: .. .- to a. to .. :! E :! .8 3:3: '- CJ8CJ~- 1: Q) .2 to ~Q) ig 5 '2 '2 E a.'" o...9- ~ t5 -0 0~a.ÆÆ~ùJ_ww4'~ Cl_ eQ)Q)oeo.g i: ei '8 ~.. Q) i: ._ _OC9o:OW ~C\ ~ cô~ I'i. CD 1: Q)Een a.¡g 'S i: c-eo W gi t ei 1:.- x i: Q).=: W'E E$: .. .. a.en to Q) .-en _enQ)i:i-::E li.a .~ ~ :g gQ)enEeoECOoeoii E a. ro ~ .$ -ã.5 Q)~ '* 'S §: i: ~ Æ E :0 o~go:~it~~ ~-..eo 0 == 5 0 Q) .2 .. en om Q)'õ ~:¡ii Cl..:O Q) Q) '"a.eoJ:~.l:: eo ::..o~OcrüCJü-ia.Õci.. Lõ('0)crI'~ i.0)ooocooÑ en Q):0 'eii:.l.. co a.0)roa. t 8. ~ Õ ~ l .'" ~c:::oo !: men ('('(' C"..I'(Ô.. f/i-z=ioo ~i-z ~a... gi- C\ ~:: Q)cr AN A L Y S I S O F T E L E C O M M U N I C A T I O N S P L A N T A C C O U N T S ID A H O O p e r a t i o n s O n l y Ba l a n c e Be g i n n i n g of Ye a r An a l y s i s o f T e l e c o m m u n i c a t i o n s P l a n t i n S e r v i c e 21 1 1 21 1 2 21 1 3 21 1 4 21 1 5 21 1 6 21 2 1 21 2 2 21 2 3 21 2 4 22 1 1 22 1 2 22 1 5 22 2 0 22 3 1 22 3 2 23 1 1 23 2 1 23 4 1 23 5 1 23 6 2 24 1 1 24 2 1 24 2 2 24 2 3 24 2 4 24 2 6 24 3 1 24 4 1 26 8 1 26 8 2 26 9 0 Re v 3 / 0 2 La n d Mo t o r V e h i c l e s Ai r c r a f t Sp e c i a l P u r p o s e V e h i c l e s Ga r a g e W o r k E q u i p m e n t Ot h e r W o r k E q u i p m e n t Bu i l d i n g s Fu r n i t u r e Of f c e E q u i p m e n t Ge n e r a l P u r p o s e C o m p u t e r s An a l o g E l e c t r o n i c S w i t c h i n g Di g i t a l E l e c t r o n i c S w i t c h i n g El e c t r o - M e c h a n i c a l S w i t c h i n g Op e r a t o r S y s t e m s Ra d i o S y s t e m s Ci r c u i t E q u i p m e n t St a t i o n A p p a r a t u s Cu s t o m e r P r e m i s e s W i r i n g La r g e P r i v a t e B r a n c h E x c h a n g e s Pu b l i c T e l e p h o n e T e r m i n a l E q u i p m e n t Ot h e r T e r m i n a l E q u i p m e n t Po l e s Ae r i a l C a b l e Un d e r g r o u n d C a b l e Bu r i e d C a b l e Su b m a r i n e C a b l e In t r a b u i l d i n g N e t w o r k C a b l e Ae r i a l W i r e Co n d u i t S y s t e m s Ca p i t a l L e a s e s Le a s e h o l d I m p r o v e m e n t s In t a n g i b l e s TO T A L P L A N T A C C O U N T S Ad d i t i o n s Du r i n g Y e a r Pl a n t Re t i r e d or So l d SA M E A S T O T A L C O M P A N Y Pa g e 7 Se e A c c o u n t a n t ' s C o m p i l a t i o n R e p o r t Tr a n s f e r s an d Ad j u s t m e n t s Ba l a n c e En d of Ye a r .. AN A L Y S I S O F E N T R I E S I N A C C U M U L A T E D D E P R E C I A T I O N Ac c o u n t 3 1 0 0 TO T A L C o m p a n y B a s i s Ba l a n c e Cr e d i t s Re t i r e m e n t s Ba l a n c e Be g i n n i n g De p r e c i a t i o n Du r i n g an d En d of Ye a r Ra t e * Ye a r Ad j u s t m e n t s of Ye a r An a l y s i s o f E n t r i e s i n A c c u m u l a t e d D e p r e c i a t i o n 21 1 2 Mo t o r V e h i c l e s 47 4 , 2 0 6 25 . 0 0 % 14 5 , 3 2 1 (1 0 6 , 0 4 4 ) 51 3 , 4 8 3 21 1 3 A i r c r a f t 21 1 4 Sp e c i a l P u r p o s e V e h i c l e s 21 1 5 Ga r a g e W o r k E q u i p m e n t 21 1 6 Ot h e r W o r k E q u i p m e n t 33 3 , 1 8 9 12 . 5 0 % 84 , 4 4 7 (1 7 2 , 3 0 1 ) 24 5 , 3 3 5 21 2 1 Bu i l d i n g s 93 7 , 2 5 1 3. 0 0 % 60 , 5 6 3 13 , 4 6 4 1, 0 1 1 , 2 7 8 21 2 2 Fu r n i t u r e 3, 3 9 4 4, 1 4 5 7, 5 3 9 21 2 3 Of f i c e E q u i p m e n t 34 , 9 9 6 6, 4 4 5 (8 , 6 7 0 ) 32 , 7 7 1 21 2 4 Ge n e r a l P u r p o s e C o m p u t e r s 10 2 , 9 5 6 20 . 0 0 % 9, 1 6 0 11 2 , 1 1 6 22 1 1 An a l o g E l e c t r o n i c S w i t c h i n g 22 1 2 Di g i t a l E l e c t r o n i c S w i t c h i n g 93 2 , 7 3 9 12 . 0 0 % 19 6 , 8 6 8 1, 1 2 9 , 6 0 7 22 1 5 El e c t r o - M e c h a n i c a l S w i t c h i n g 22 2 0 Op e r a t o r S y s t e m s 22 3 1 Ra d i o S y s t e m s 1, 5 1 1 , 7 6 2 12 . 0 0 % 25 -~ (4 8 2 , 3 5 9 ) 1, 0 2 9 , 4 2 8 22 3 2 Ci r c u i t E q u i p m e n t 58 7 , 1 5 8 10 . 0 0 % 12 6 , 1 7 4 (1 , 6 0 8 ) 71 1 , 7 2 4 23 1 1 St a t i o n A p p a r a t u s 23 2 1 Cu s t o m e r P r e m i s e s W i r i n g 23 4 1 La r g e P r i v a t e B r a n c h E x c h a n g e s 23 5 1 Pu b l i c T e l e p h o n e T e r m i n a l E q u i p m e n t 2, 7 6 0 2, 7 6 0 23 6 2 Ot h e r T e r m i n a l E q u i p m e n t 24 1 1 Po l e s 21 , 8 8 8 6. 5 0 % 21 , 8 8 8 24 2 1 Ae r i a l C a b l e - 6. 5 0 % 24 2 2 Un d e r g r o u n d C a b l e 36 , 9 2 7 6. 5 0 % 73 5 37 , 6 6 2 24 2 3 Bu r i e d C a b l e 5, 2 5 0 , 9 1 7 6. 5 0 % 49 6 , 3 0 5 (7 4 , 1 6 7 ) 5, 6 7 3 , 0 5 5 24 2 4 Su b m a r i n e C a b l e 24 2 6 In t r a b u i l d i n g N e t w o r k C a b l e 63 7 6. 5 0 % 47 9 1, 1 1 6 24 3 1 Ae r i a l W i r e 24 4 1 Co n d u i t S y s t e m s 57 , 4 9 7 6. 5 0 % 7, 4 0 1 64 , 8 9 8 TO T A L 10 , 2 8 8 , 2 7 7 1, 1 3 8 , 0 6 8 (8 3 1 , 6 8 S 1 10 , 5 9 4 , 6 6 0 - *P l e a s e l i s t i n d i v i d u a l d e p r e c i a t i o n r a t e f o r e a c h a c c o u n t . Re v 3 / 0 2 Pa g e 8 Se e A c c o u n t a n t ' s C o m p i l a t i o n R e p o r t zo ~ow0:D. Woow ~..o~o:i ..:i M0-o cc( g Z u_ u (/ c(wæi-zw LLo tn eñ)-..c(Zc( Q) ..u't ClCeQ).! w)-Cl ..ai 0 s sC CQ) Q) E't EQ) c_.. Cl en.- ~Gí :a0: c( en C):: C ..'t .- Cl Q) .. Q).. ~)-00 ~Co enCo ~ Q)c.oo:ic(e Co~".- Q)u- Q) Cl a 0: Q)o Q) 0)..u.5 ClCeQ)Cl c)-¡¡.- ..ai ~ 0ai )-Z ~:ioo.. ~oi- ~ w:i ~ Co ~ .ü~ -c. gQ) Eo en a.'t Cl .-Q) 0) ~ãí i! gi æW- Cl 0) C).- O).. - Cl~ en_ _£c.. curo~ ~E Cl C ~ .. .- B ~ x £ Cl ro~ "õ Cl ~ a. B "f .~ .- wEE üu E E Cl E 'S ~ (f S .. ~ a. ~u a. E 0 ~ ~ Cl .- ~c( Cl .- Ü (f ~ ~ ~ g i- ~ ~ 0~~a. _ u uen -enenroClO' D Cl~C Cl O''~ C Cl .- U .- E C ~.- ~ C W ro _ ~ en;en ~wO' Cl~§~æClen~.EOOo~ ü il EQ)~ a.~w Ka.~ e..ø E a.ro ~ Cl~C U Clü 2~ Q ~ 0 ~ .- ~ ~ n ~ ~ 2 ~ a. a. . Cl ~ ~ C ~ Cl gi Cl ~-.. ~o ~a.-- en_a.~~-~ D~-c-~(fC Cl a. ~ en Cl 0' W ~ :2 ~ ~ ~ C Cl ~ Cl Cl ro 0 - .- U .-w~_- ClS C)~W~ W i O(fw Ea.i-i- ü ~ü ~=S-_ ro c ~ ~ C) _ 0 - _ c - U ro ~ .~W ~ ~~ i~-~ Cl ClQ ro~ ~Q~QS Clg ~ oo~ ~ Cl ED~U_ U Cl ~ Cl ~ E Q c ro ~ u Cl U U - en ~D Cl ~ ~ U ~ D ~ ~ C~ ~ ~ a. ro ..O- ~ ~ ~ Cl C ~~ a. ro ~ S ~ ro ~ £ 0 Cl c ~ ~ ~ Cl 0~~ C (f ~ 00 LL 0 ~ COW 0 ~ ü (f ü ~ a. 0 a. C ~ 00 (f - C Ü¡¡NM~ ~~ ~N M ~ ~N~O~N~ ~ ~ ~N~ ~NM~ ~~ ~C ~ ~ ~ ~~ N NNN~ ~~ NMM ~N ~ ~~~ NNNNN M ~ c( N N N N N N N N N ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ -'c~0uuro..uro Cl~ .E Cl- ~c0:¡ro'õ~a.ClU~~U :~U...5c(-i-~0i-Cl NeneroCl(";:ii Q)"ii m ClC)roa. 1: 8. ~ g .Q.~ 8 .U) ~ Õo ~ men INVESTMENTS Report below the investments in Accounts 1401, 1402 and 1406. Identify each investment as to the account in which included. Minor amounts in Account 1406 may be grouped by classes. Description CTC Telecom, Inc. Cash value life insurance Coins Land Syringa Networks, LLC Co Bank eguity Buried cable-leased to Syringa Networks, LLC NRTC Totals Date Acquired 1998 Book Cost of Investments Disposed of This year Book Cost of Investments Held at End of Year (155,118) 644,859 34,497 224,975 992,935 156,143 Various 2000-2004 1999-2004 184,462 7,948 2,090,701 RECEIVABLES Itemize amounts show in Accounts 1180, 1190 and 1200. For notes receivable list each note separately and include the maturity date and interest rate. Minor amounts in Account 1210 may be combined. Amount at End of Year Notes Accounts Receivable Receivable 231,506 231,487 1,482,266 154,793 54,198 Name of Company Due from customers Interexchange carriers CTC Telecom, Inc. CTC Construction Other R. & B. Crocket, 8.0%, due 2018 75,756 Totals 75,756 2,154,250 Rev 3/02 Page 10 See Accountant's Compilation Report NOTES PAYABLE For Notes Payable, list each note separately and include the maturity date and interest rate. Name of Creditor Wells Fargo unadvanced Totals Date of Note Interest Rate 8.25% ACCOUNTS PAYABLE Report below all Accounts Payable amounting to more than $100.00 Name of Creditor NECA Taxes, 911 billng Calix Coda Ie Electric Company Idaho Power Idaho Optic Transport Association National Cable Television State Insurance Fund Wells Fargo Remittance Western States Equipment Various employee payables (board fees and other miscellaneous) Various other vendors Due Date 8/17/2008 Totals See Accountant's Compilation Report Face Amount 500,000 (30,000) 470,000 Amount 111,100 20,238 31,123 9,321 3,220 131,910 5,103 4,023 18,074 3,514 45,677 29,083 412,386 Rev 3/02 Page 11 See Accountant's Compilation Report LO N G - T E R M D E B T Ac c o u n t s 4 2 1 0 , 4 2 4 0 , 4 2 5 0 , 4 2 6 0 , 4 2 7 0 a n d 4 3 1 0 Li s t t h e r e q u i r e d d a t a f o r e a c h o b l i g a t i o n i n c l u d e d i n t h e s e a c c o u n t s , g r o u p i n g t h e m b y a c c o u n t n u m b e r a n d s h o w i n g t o t a l s f o r e a c h a c c o u n t . If a n y o b l i g a t i o n s m a t u r e s e r i a l l y o r o t h e r w i s e a t v a r i o u s d a t e s , g i v e p a r t i c u l a r s i n a n o t e . Da t e Da t e Fa c t Pr e m i u m / D i s c o u n t Cl a s s & S e r i e s of of Am o u n t Ou t s t a n d i n g Ye a r of O b l i a a t i o n Is s u e Ma t u r i t y Au t h o r i z e d Ye a r - E n d To t a l Am o r t i z e d RU S N o t e s 19 7 7 20 1 2 97 5 , 0 0 0 22 1 , 5 8 3 RU S N o t e s va r i o u s va r i o u s 2, 9 3 2 , 0 0 0 88 8 , 5 3 2 RU S N o t e s 19 8 5 20 5 0 81 8 , 3 7 9 59 5 , 4 7 7 RU S N o t e s 20 0 4 va r i o u s 13 , 5 9 6 , 0 0 0 7, 2 1 4 , 6 2 6 RT B N o t e 20 0 4 20 1 9 3, 3 7 9 , 0 0 0 We l l s F a r g o 20 0 4 20 0 9 67 , 8 8 6 23 , 0 4 2 We s t e r n S t a t e s 20 0 7 20 0 8 12 9 , 8 9 3 12 9 , 8 9 3 In t e r e s t f o r y e a r Ra t e A m o u n t 5. 0 0 D e t a i l 2. 0 0 N o t 5. 0 0 A v a i l a b l e va r i o u s 7. 1 5 Le s s R U S p r e p a y m e n t ( 3 , 0 4 0 ) Le s s c u r r e n t m a t u r i t i e s ( 9 6 0 , 6 0 0 ) To t a l 8, 1 0 9 , 5 1 3 39 4 , 5 0 1 Re v 3 / 0 2 Pa g e 1 2 Se e A c c o u n t a n t ' s C o m p i l a t i o n R e p o r t CAPITAL STOCK Report below the particulars called for concerning common and preferred stock at end of year, designating separate series of any general class. Show totals separately for common and preferred. For each class of preferred stock, show the dividend rate and whether dividends are cumulative or noncumulative. Show details in a footnote of capital stock sold during the year. Include number of shares, consideration received, premium or discount, and expenses incurred. Class & Series of Stock Common stock Rev 3/02 Number of Shares Authorized 30,000 Par Value per Share $1.00 Page 13 See Accountant's Compilation Report Outstanding per Balance Sheet Shares Amount 30,000 30,000 INCOME & RETAINED EARNINGS STATEMENT Item Total Company Idaho Only Total Operating Income (from page 15) Total Operating Expenses (from page 17) 7100 Other Operating Income and Expense 7210 Operating Investment Tax Credits-Net 7220 Operating Federal Income Taxes 7230 Operating State and Local Income Taxes 7240 Operating Other Taxes 7250 Provision for Deferred Operating Income Taxes-Net 7200 Operating Taxes (Total) 7310 Dividend Income 7320 Interest Income 7330 Income from Sinking and Other Funds 7340 Allowance for Funds Used During Construction 7350 Gains/Losses from the Disposition of Certain Propert 7360 Other Nonoperating Income 7370 Special Charges 7300 Nonoperating Income and Expense 7410 Nonoperating Investment Tax Credits-Net 7420 Nonoperating Federal Income Taxes 7430 Nonoperating State and Local Income Taxes 7440 Nonoperating Other Taxes 7450 Provision for Deferred Nonoperating Income Taxes-Net 7400 Nonoperating Taxes 7510 Interest on Funded Debt 7520 Interest Expense-Capital Leases 7530 Amortization of Debt Issuance Expense 7540 Other Interest Deductions 7500 Interest and Related Items 7610 Extraordinary Income Credits 7620 Extraordinary Income Charges 7630 Current Income Tax Effect of Extraordinary Items-Net 7640 Provision for Deferred Income Tax Effect of Extraordinary Items-Net 7600 Extraordinary Items 7910 Income Effect of Jurisdictional Ratemaking Differences-Net 7990 Nonregulated Net Income AMOUNT TRANSFERRED TO RETAINED EARNINGS Rev 3/02 3,311,033 3,149,479 (5,085) 37,578 (67,517) (35,024) 6,861 6,994 12,298 209,379 (5,555) 229,977 75,481 75,481 394,501 439 41,426 436,366 98,843 13,551 Page 14 See Accountant's Compilation Report Same as total company OPERATING REVENUES Item Total Company Idaho Only Local Network Services Revenues 5001 Basic Area Revenue 5002 Optional Extended Area Revenue 5003 Cellular Mobile Revenue 5004 Other Mobile Services Revenue 5010 Public Telephone Revenue 5040 Local Private Line Revenue 5050 Customer Premises Revenue 5060 Other Local Exchange Revenue 5069 Other Local Exchange Settlements Network Access Services Revenues 5081 End User Revenue (SLC) 5082 Switched Access Revenue (Interstate) 5083 Special Access Revenue 5084 State Access Revenue (Intrastate) Long Distance Network Services Revenues 5100 Long Distance Message Revenue - All Miscellaneous Revenues 5230 Directory Revenue 5240 Rent Revenue 5250 Corporate Operations Revenue 5261 Special Billing Arrangements Revenue 5262 Customer Operations Revenue 5263 Plant Operations Revenue 5264 Other Incidental Regulated Revenue 5269 Other Revenue Settlements 5270 Carrier Billing & Collection Revenue Uncollectible Revenues 5301 Uncollectible Revenue - Telecommunications 5302 Uncollectible Revenue - Other TOTAL OPERATING REVENUES Please identify the following revenues: 668,091 Same as total company 88,201 515,362 193,461 1,399,677 77,325 350,805 8,852 3,803 8,014 4 2,562 3,311,033 5069.1To what account were they booked? 5084.52. To what account were they booked? NECA USF $_514,456 State USF $_167,380 Rev 3/02 Page 15 See Accountant's Compilation Report OPERATING REVENUES Item Total Company Idaho Only Plant Specific Operations Expense 6110 Network Support Expenses 6112 Motor Vehicle Expense 6113 Aircraft Expense 6114 Special Purpose Vehicles Expense 6115 Garage Work Equipment Expense 6116 Other Work Equipment Expense 6120 General Support Expenses 6121 Land and Building Expenses 6122 Furniture and Artorks Expense 6123 Office Equipment Expense 6124 General Purpose Computers Expense 6210 Central Office Switching Expenses 6211 Analog Electronic Expense 6212 Digital Electronic Expense 6215 Electro-Mechanical Expense 6220 Operators System Expense 6230 Central Office Transmission Expenses 6231 Radio Systems Expense 6232 Circuit Equipment Expense 6310 Information OriginationlTermination Expense 6311 Station Apparatus Expense 6341 Large Private Branch Exchange Expense 6351 Public Telephone Terminal Equipment Expense 6362 Other Terminal Equipment Expense 6410 Cable and Wire Facilities Expenses 6411 Pole Expense 6421 Aerial Cable Expense 6422 Underground Cable Expense 6423 Buried Cable Expense 6424 Submarine Cable Expense 6425 Deep Sea Cable Expense 6426 Intrabuilding Network Cable Expense 6431 Aerial Wire Expense 6441 Conduit Systems Expense 4,646 79,050 90,303 193,057 527,640 100,242 184,982 TOTAL PLANT SPECIFIC OPERATIONS EXPENSE 1,179,920 Rev 3/02 Page 16 See Accountant's Compilation Report Same as total company OPERATING REVENUES Item Total Company Idaho Only Plant Nonspecific Operations Expense 6510 Other Property/Plant/Equipment Expenses 6511 Property Held for Future Telecomm. Use Expenses 6512 Provisioning Expense 6530 Network Operations Expense 6531 Power Expense 6532 Network Administration Expense 6533 Testing Expense 6534 Plant Operations Administration Expense 6535 Engineering Expense 6540 Access Expense 6560 Depreciation and Amortization Expenses 6561 Depreciation Expense-Telecom. Plant in Service 6562 Depreciation Expense-Property Held for Future Use 6563 Amortization Expense - Tangible 6564 Amortization Expense - Intangible 6565 Amortization Expense - Other Total Plant Nonspecific Operations Expenses Customer Operations Expense 6610 Marketing 6611 Product Management 6612 Sales 6613 Product Advertising 6620 Services 6621 Call Completion Services 6622 Number Services 6623 Customer Services Total Customer Operations Expense Corporate Operations Expense 6710 Executive and Planning 6711 Executive 6712 Planning 6720 General and Administrative 6721 Accounting and Finance 6722 External Relations 6723 Human Resources 6724 Information Management 6725 Legal 6726 Procurement 6727 Research and Development 6728 Other General and Administrative 6790 Provision for Uncollectible Notes Receivable Total Corporate Operations Expense TOTAL OPERATING EXPENSES Rev 3/02 1,850 14,471 26,480 1,138,068 1,180,869 19,764 9,302 157,708 186,774 281,583 170,616 5,271 144,446 601,916 3,149,479 Page 17 See Accountant's Compilation Report Same as total company CE N T R A L O F F I C E D A T A as o f D e c e m b e r 3 1 , 2 0 0 7 ( u n l e s s o t h e r w i s e i n d i c a t e d ) Na m e o f C e n t r a l O f f i c e : C o u n c i l Pr e f i x ( e s ) : 2 5 3 " Ce n t r a l O f f i c e S w i t c h Ty p e : DC O - R L S & T a a u a T 7 0 0 0 Ch e c k a l l t h a t a p p l y : St a n d A l o n e _ Ho s t _ X _ Re m o t e _ Ch e c k o n e : Di g i t a l L An a l o g _ Ac c e s s L i n e C a p a c i t y De s i g n : 1 8 9 0 & 2 2 0 8 In s t a l l e d / E q u i p p e d : 1 7 1 0 & 1 5 3 6 Cl a s s i f i c a t i o n o f C u s t o m e r A c c e s s Mu l t i - Li n e 1- P a r t y Re s i d e n c e Si n g l e L i n e Mu l t i - 1- P a r t y P a r t y 80 9 17 9 -2 0 3 78 5 Be g i n n i n g o f Y e a r Ne w C o n n e c t s Di s c o n n e c t s En d o f Ye a r Fo r e i g n E x c h a n g e : Di a l T o n e f r o m t h i s C . O . : ~ Di a l T o n e f r o m a n o t h e r C . O . : 0 Cu s t o m C a l l n g : Nu m b e r o f c u s t o m e r s w i t h a t l e a s t o n e f e a t u r e : _ 5 8 3 To t a l n u m b e r o f f e a t u r e s s u b s c r i b e d t o : _ 1 9 _ Re v 3 / 0 2 Ch e c k o n e : El e c t r o n i c L El e c t r o - M e c h a n i c a l _ Ot h e r : Ac c e s s L i n e s i n U s e Cu s t o m e r L i n e s : 1 0 0 0 (I n c l u d e C e n t r e x , P A L , S e m i - P u b . ) Pu b l i c T e l e p h o n e L i n e s ~ Co m p a n y O f f i c i a l L i n e s ~ Co m p a n y T e s t L i n e s ~ Bu s i n e s s Mu l t i - Si n g l e L i n e To t a l Su b t o t a l Ce n t r e x Li n e Mu l t i - Su b t o t a l Re s i d e n c e Re s i d e n c e NA R . 1- P a r t 1- P a r t y Pa r t y Bu s i n e s s & B u s i n e s s 80 9 21 9 21 9 10 2 8 17 9 25 25 20 4 -2 0 3 -2 9 -2 9 -2 3 2 78 5 21 5 21 5 10 0 0 Di r e c t o r y L i s t i n g s : Nu m b e r o f C u s t o m e r s w i t h N o n p u b l i s h e d o r N o n l i s t e d : - . Pa g e 1 8 Se e A c c o u n t a n t ' s C o m p i l a t i o n R e p o r t CE N T R A L O F F I C E D A T A as o f D e c e m b e r 3 1 , 2 0 0 7 ( u n l e s s o t h e r w i s e i n d i c a t e d ) Na m e o f C e n t r a l O f f i c e : I n d i a n V a l l e y Pr e f i x ( e s ) : 2 5 6 " Ce n t r a l O f f i c e S w i t c h Ty p e : DL C Ch e c k a l l t h a t a p p l y : St a n d A l o n e _ Ho s t _ Re m o t e l Ch e c k o n e : Di g i t a l l An a l o g _ Ac c e s s L i n e C a p a c i t y De s i g n : 1 2 0 0 In s t a l l e d / E q u i p p e d : 2 8 8 Cl a s s i f i c a t i o n o f C u s t o m e r A c c e s s Mu l t i - Li n e 1- P a r t y Re s i d e n c e Si n g l e L i n e Mu l t i - 1- P a r t y P a r t y 16 1 23 26 15 8 Be g i n n i n g o f Y e a r Ne w C o n n e c t s Di s c o n n e c t s En d o f Ye a r Fo r e i g n E x c h a n g e : Di a l T o n e f r o m t h i s C . O . : - . Di a l T o n e f r o m a n o t h e r C . O . : 0 Cu s t o m C a l l n g : Nu m b e r o f c u s t o m e r s w i t h a t l e a s t o n e f e a t u r e : _ 1 0 7 To t a l n u m b e r o f f e a t u r e s s u b s c r i b e d t o : - . Re v 3 / 0 2 Ch e c k o n e : El e c t r o n i c l El e c t r o - M e c h a n i c a l _ Ot h e r : C a l i x d i g i t a l s u b s c r i b e r c a r r i e r ( 3 0 3 i n t e r f a c e t o C o u n c i l ) Ac c e s s L i n e s i n U s e Cu s t o m e r L i n e s : 1 7 2 (I n c l u d e C e n t r e x , P A L , S e m i - P u b . ) Pu b l i c T e l e p h o n e L i n e s - - Co m p a n y O f f i c i a l L i n e s - - Co m p a n y T e s t L i n e s - - Bu s i n e s s Mu l t i - Si n g l e L i n e To t a l Su b t o t a l Ce n t r e x Li n e Mu l t i - Su b t o t a l Re s i d e n c e Re s i d e n c e N. A R . 1- P a r t y 1- P a r t y Pa r t Bu s i n e s s & B u s i n e s s 16 1 12 12 17 3 -23 3 3 26 -26 -1 -1 25 15 8 14 14 17 2 Di r e c t o r y L i s t i n g s : Nu m b e r o f C u s t o m e r s w i t h N o n p u b l i s h e d o r N o n l i s t e d : _ 2 L Pa g e 1 8 Se e A c c o u n t a n t ' s C o m p i l a t i o n R e p o r t CE N T R A L O F F I C E D A T A as o f D e c e m b e r 3 1 , 2 0 0 7 ( u n l e s s o t h e r w i s e i n d i c a t e d ) Na m e o f C e n t r a l O f f i c e : C a m b r i d g e Pr e f i x ( e s ) : 2 5 7 ", Ce n t r a l O f f i c e S w i t c h Ty p e : DC O A N D T E K E L E C T 7 0 0 0 Ch e c k a l l t h a t a p p l y : St a n d A l o n e _ Ho s t . l Re m o t e _ Ch e c k o n e : Di g i t a l . l An a l o g _ Ac c e s s L i n e C a p a c i t y De s i g n : 1 0 8 0 & 1 5 3 6 In s t a l l e d / E q u i p p e d : 8 1 0 & 7 6 8 Cl a s s i f i c a t i o n o f C u s t o m e r A c c e s s Mu l t i - Li n e 1- P a r t y Re s i d e n c e Si n g l e L i n e Mu l t i - 1- P a r t y P a r t y 39 6 97 -9 7 39 6 Be g i n n i n g o f Y e a r Ne w C o n n e c t s Di s c o n n e c t s En d o f Ye a r Fo r e i g n E x c h a n g e : Di a l T o n e f r o m t h i s C . O . : ~ Di a l T o n e f r o m a n o t h e r C . O . : 0 Cu s t o m C a l l n g : Nu m b e r o f c u s t o m e r s w i t h a t l e a s t o n e f e a t u r e : _ 3 0 6 To t a l n u m b e r o f f e a t u r e s s u b s c r i b e d t o : _ 2 0 _ Re v 3 / 0 2 Ch e c k o n e : El e c t r o n i c . l El e c t r o - M e c h a n i c a l _ Ot h e r : Ac c e s s L i n e s i n U s e Cu s t o m e r L i n e s : 4 9 5 (I n c l u d e C e n t r e x , P A L , S e m i - P u b . ) Pu b l i c T e l e p h o n e L i n e s _ 7 _ Co m p a n y O f f i c i a l L i n e s ~ Co m p a n y T e s t L i n e s - L Bu s i n e s s Mu l t i - Si n g l e L i n e To t a l Su b t o t a l Ce n t r e x Li n e Mu l t i - Su b t o t a l Re s i d e n c e Re s i d e n c e N. A R . 1- P a r t 1- P a r t y Pa r t y Bu s i n e s s & B u s i n e s s 39 6 98 98 49 4 97 3 3 10 0 --9 7 -2 -2 -9 9 -39 6 99 99 49 5 Di r e c t o r y L i s t i n g s : Nu m b e r o f C u s t o m e r s w i t h N o n p u b l i s h e d o r N o n l i s t e d : _ 1 3 4 _ Pa g e 1 8 Se e A c c o u n t a n t ' s C o m p i l a t i o n R e p o r t CE N T R A L O F F I C E D A T A as o f D e c e m b e r 3 1 , 2 0 0 7 ( u n l e s s o t h e r w i s e i n d i c a t e d ) Na m e o f C e n t r a l O f f i c e : C u p r u m Pr e f i x ( e s ) : 2 5 8 " Ce n t r a l O f f i c e S w i t c h Ty p e : DC O - R L G Ch e c k a l l t h a t a p p l y : St a n d A l o n e _ Ho s t _ Re m o t e L Ch e c k o n e : Di g i t a l L An a l o g _ Ac c e s s L i n e C a p a c i t y De s i g n : 9 0 In s t a l l e d / E q u i p p e d : 9 0 Cl a s s i f i c a t i o n o f C u s t o m e r A c c e s s Mu l t i - Li n e 1- P a r t y Re s i d e n c e Si n g l e L i n e Mu l t i - 1- P a r t y P a r t y 48 21 -1 6 53 Be g i n n i n g o f Y e a r Ne w C o n n e c t s Di s c o n n e c t s En d o f Ye a r Fo r e i g n E x c h a n g e : Di a l T o n e f r o m t h i s C . O . : ~ Di a l T o n e f r o m a n o t h e r C . O . : 0 Cu s t o m C a l l n g : Nu m b e r o f c u s t o m e r s w i t h a t l e a s t o n e f e a t u r e : _ 2 6 To t a l n u m b e r o f f e a t u r e s s u b s c r i b e d t o : _ 8 _ Re v 3 / 0 2 Ch e c k o n e : El e c t r o n i c L El e c t r o - M e c h a n i c a l _ Ot h e r : Ac c e s s L i n e s i n U s e Cu s t o m e r L i n e s : _ 5 4 (I n c l u d e C e n t r e x , P A L , S e m i - P u b . ) Pu b l i c T e l e p h o n e L i n e s - L Co m p a n y O f f i c i a l L i n e s - L Co m p a n y T e s t L i n e s ~ Bu s i n e s s Mu l t i - Si n g l e L i n e To t a l Su b t o t a l Ce n t r e x Li n e Mu l t i - Su b t o t a l Re s i d e n c e Re s i d e n c e N. A R . 1- P a r t y 1- P a r t Pa r t y Bu s i n e s s & B u s i n e s s 48 1 1 49 -21 0 0 21 --1 6 0 0 -1 6 -53 1 1 54 Di r e c t o r y L i s t i n g s : Nu m b e r o f C u s t o m e r s w i t h N o n p u b l i s h e d o r N o n l i s t e d : _ 1 1 _ Pa g e 1 8 Se e A c c o u n t a n t ' s C o m p i l a t i o n R e p o r t CE N T R A L O F F I C E D A T A as o f D e c e m b e r 3 1 , 2 0 0 7 ( u n l e s s o t h e r w i s e i n d i c a t e d ) Na m e o f C e n t r a l O f f i c e : L o w m a n Pr e f i x ( e s ) : 2 5 9 " Ce n t r a l O f f i c e S w i t c h Ch e c k a l l t h a t a p p l y : St a n d A l o n e _ Ho s t - l Re m o t e _ Ac c e s s L i n e C a p a c i t y De s i g n : 9 4 4 In s t a l l e d / E q u i p p e d : 4 1 6 Cl a s s i f i c a t i o n o f C u s t o m e r A c c e s s Mu l t i - Li n e 1- P a r t y Be g i n n i n g o f Y e a r Ne w C o n n e c t s Di s c o n n e c t s En d o f Ye a r Fo r e i g n E x c h a n g e : Di a l T o n e f r o m t h i s C . O . : - - Di a l T o n e f r o m a n o t h e r C . O . : 0 Ty p e : Te k e l e c T 7 0 0 0 Ch e c k o n e : Di g i t a L 2 Ç _ An a l o g _ Re s i d e n c e Si n g l e L i n e Mu l t i - 1- P a r t y P a r t y 23 0 88 80 23 8 Cu s t o m C a l l n g : Nu m b e r o f c u s t o m e r s w i t h a t l e a s t o n e f e a t u r e : _ 1 1 2 To t a l n u m b e r o f f e a t u r e s s u b s c r i b e d t o : _ 1 3 _ Re v 3 / 0 2 Ch e c k o n e : El e c t r o n i c . l El e c t r o - M e c h a n i c a l _ Ot h e r : Ac c e s s L i n e s i n U s e Cu s t o m e r L i n e s : 2 7 0 (I n c l u d e C e n t r e x , P A L , S e m i - P u b . ) Pu b l i c T e l e p h o n e L i n e s ~ Co m p a n y O f f i c i a l L i n e s ~ Co m p a n y T e s t L i n e s - L Bu s i n e s s Mu l t i - Si n g l e L i n e To t a l Su b t o t a l Ce n t r e x Li n e Mu l t i - Su b t o t a l Re s i d e n c e Re s i d e n c e N. A R . 1- P a r t y 1- P a r t y Pa r t y Bu s i n e s s & B u s i n e s s 23 0 36 36 26 6 -88 10 10 98 80 -1 4 -1 4 66 23 8 32 32 27 0 Di r e c t o r y L i s t i n g s : Nu m b e r o f C u s t o m e r s w i t h N o n p u b l i s h e d o r N o n l i s t e d : _ 5 5 _ Pa g e 1 8 Se e A c c o u n t a n t ' s C o m p i l a t i o n R e p o r t Lo c a l E x c h a n g e 25 3 2 25 6 3 25 7 4 25 8 5, 25 9 6,7,8 9_10 11 12 13 14 15 16 17 , 18 Re v 3 / 0 2 NU M B E R O F C A L L S C O M P L E T E D B Y C U S T O M E R S D U R I N G ( Y e a r ) 2 0 0 7 Av e r a g e # Lo c a l C a l l s To l l C a l l s O r i g i n a t e d ( T o t a l o f a l l C a r r i e r s ) "- of C u s t o m e r Nu m b e r Av g . / Av g . / Li n e s i n U s e (1 0 0 0 s ) Li n e In t r a s t a t e In t e r s t a t e To t a l Li n e 10 0 4 27 4 , 2 2 7 50 6 , 6 9 1 78 0 , 9 1 8 77 8 17 0 34 , 1 0 5 68 , 5 8 0 10 2 , 6 8 5 60 4 -49 4 97 , 3 8 3 20 8 , 0 2 5 30 5 , 4 0 8 61 8 54 6, 4 8 2 15 , 1 0 4 21 , 5 8 6 40 0 27 4 23 , 5 9 2 65 . 9 8 0 89 , 5 7 2 32 7 Pa g e 1 9 Se e A c c o u n t a n t ' s C o m p i l a t i o n R e p o r t -I ANNUAL REPORT FOR SMALL TELEPHONE COMPANIES YEAR ENDED DECEMBER 31,2007. CUSTOMER RELATIONS RULES COMPLIANCE Rule IDAPA 31.21.01.603 Rule IDAPA31.41.01.105 Please provide copies of: Summary of Customer Relations Rules for Telephone Corporations Idaho Telephone Solicitation Act Notification Method of Notification: Mailed separately to customers Yes~No_ Included in directory Yes_No~ Date of notification 5/1/07 Alternate method of notification N/A Rule IDAPA 31.41.01.403.02 Record of Complaints: Number received by Company 22 Category of complaints (if known): Deposit Disputes Charges on Bil 14 Denial/Termination Quality or Availability of Service Carrier Selection/Assignment Miscellaneous 8 Rev 3/02 Page 20 See Accountant's Compilation Report ...,CERTIFICATE State of Idaho ) ) ssCounty of Washington ) and WE, the undersigned RICHARD WIGGINS ANN L. SHARP of the CAMBRIDGE TELEPHONE COMPANY, INC.utility, on our oath do severally say that the foregoing return has been prepared under our direction, from the original books, papers, and records of said utility; that we have carefully examined same, and declare the same to be a correct statement of the business affairs of said utility for the period covered by the return in respect to each and every matter and thing therein set forth, to the best of our knowledge, information and belief.j2~~'5(ë~i~r) ~r ~ cff4J Subscribed and Sworn to Before Me this JtJ day of April ,(Year) 2008 . ~¡g¿ & fYf0JJNotary Public 4 DEIMSMAUNoary PuiC Stat. Of Idaho . My Commission expires 7-c2'! ,(Year) cfô13 - - - Rev 3/02 gdk/excel/jnelson/anulrpts/telannualrpt Page 21 See Accountant's Compilation Report ~ "' 20 0 6 F O R M I IN P U T M A S T E R I I I I CO M P A N Y N A M E : C a m b r i d g e T e l e p h o n e C o m p a n y , I n c . Fo r T h e Y e a r E n d e d : D e c e m b e r 3 1 , 2 0 0 6 Se p e r a t e d R e s u l t s o f I d a h o O p e r a t i o n s I I To t a l Id a h o In t e r s t a t e O p e r a t i o n In t r a s t a t e O p e r a t i o n Op e r a t i o n s MT S & WA T S TO L L P L S MT S & W A T S TO L L P L S FC C A c c o u n t a n d No t e Li n e Su b J e c t To Sw i t c h e d Sp e c i a l Sw i t c h e d Sp e c i a l Lo c a l De s c r i p t i o n No . No . Se p a r a t i o n s Ac c e s s Ac c e s s To t a l Ac c e s s Ac c e s s EA S (o t h e r ) To t a l SU M M A R Y Op e r a t i n g . R e v e n u e s 50 X X L o c a l - B i l e d (1 ) 1. 1, 3 9 6 , 5 5 8 0 13 9 6 5 5 8 1, 3 9 6 , 5 5 8 -E A S B i l e d (1 ) 2, 0 0 0 -E A S S e t l e m e n t (1 ) 3. 0 0 0 50 8 X A c c s s - S L C ( E n d U s e r ) (2 ) 4. 18 7 , 5 0 2 18 7 5 0 2 18 7 , 5 0 2 0 -S w i t c h e d ( T S + N T S ) (2 ) 5. 1, 8 9 0 , 2 2 2 17 7 5 2 5 8 1,7 7 5 , 2 5 8 11 4 9 6 4 11 4 , 9 6 4 -S p e c i a l (2 ) 6. 15 9 , 7 5 0 10 9 5 3 4 10 9 , 5 3 4 50 2 1 6 50 , 2 1 6 51 X X T o l l - M e s s a g e (3 a ) 7. 1 1 1 0 -P n v a t e L i n e (3 b ) 8. 0 0 0 -S e t l e m e n t (3 c ) 9, 0 0 0 52 X X M i s c , - B i l l n g & C o l l e c t i o n (4 ) 10 . 7 0 7 7 -D i r e o r y A d v e r t i s i n g 11 . 8, 7 4 0 0 87 4 0 8, 7 4 0 -O p e r a t i n g R e n t s 12 . 6, 5 1 6 0 65 1 6 6, 5 1 6 -O t h e r M i s c , 13 . 81 , 8 9 3 0 81 8 9 3 81 , 8 9 3 53 0 X L e s s : U n c o l l e c t i b l e R e v . ( - ) 14 , -8 0 .8 -8 To t a l R e v e n u e s 15 . 3, 7 3 1 , 1 8 1 1, 9 6 2 , 7 6 1 10 9 , 5 3 4 2,0 7 2 , 2 9 5 11 4 , 9 7 1 50 , 2 1 6 0 1, 4 9 3 , 6 9 9 1, 6 5 8 , 8 8 6 Op e r a t i n g E x p e n s e s 61 X X - 6 4 X X P l a n t S p e c i f i c O p e r . 15 a ) 16 . 72 3 , 8 7 1 30 2 , 0 4 3 34 , 4 2 0 33 6 , 4 6 3 15 3 , 4 5 4 5, 5 5 0 35 , 5 5 19 2 , 8 5 4 38 7 , 4 0 8 65 X X P l a n t N o n s p e c i f i c O p e r a t i o n s (5 a ) 17 , 42 , 3 4 3 30 , 0 4 3 82 5 30 , 8 6 8 4, 6 5 4 16 3 83 0 5,8 2 8 11 , 4 7 5 65 6 X D e p r e c i a t i o n & A m o r t i z a i o n (5 a ) 18 , 1,1 7 0 , 4 4 2 54 2 6 8 9 31 0 4 1 57 3 , 7 3 0 22 6 , 7 7 9 5,2 9 8 28 , 9 5 0 33 5 , 6 8 5 59 6 , 7 1 2 66 X X C u s t o m e r O p e r a t i o n s (5 a ) 19 . 17 0 , 7 6 0 59 , 4 3 7 73 3 60 , 1 7 0 51 , 3 9 9 44 3 0 58 , 7 4 8 11 0 , 5 9 0 67 X X C o r D o r a t e O D e r a t i o n s (5 a ) 20 . 61 8 , 0 3 1 26 9 , 0 2 2 22 , 9 3 1 29 1 , 9 5 3 13 4 , 5 0 3 3, 7 8 5 23 , 2 1 8 16 4 , 5 7 2 32 6 , 0 7 8 Oth e r O p e r a t i n g (5 a ) 21 . 0 0 0 0 0 0 0 0 0 To t a l E x p e n s e s (5 8 ) 22 . 2, 7 2 5 , 4 4 7 1, 2 0 3 , 2 3 4 89 , 9 5 0 1, 2 9 3 , 1 8 4 57 0 , 7 8 9 15 , 2 3 9 88 , 5 4 8 75 7 , 6 8 7 1, 4 3 2 , 2 6 3 Op e r a t i n g T a x e s : (6 ) 72 4 0 G e n e r a l T a x e s 23 . 0 0 0 72 3 0 S t a t e / L o c a l l n c . T a x ( C u r r e n t ) 24 . 1, 6 4 4 72 6 56 78 2 34 9 10 55 44 8 86 2 72 2 0 F e d e r a l In c o m e T a x ( C u r r e n t ) 25 . 0 0 0 0 0 0 0 0 0 72 5 0 N e t D e f e r r I n c o m e T a x e s 26 , 24 , 4 8 0 98 8 3 98 0 10 8 6 3 55 2 3 19 3 98 5 69 1 6 13 6 1 7 72 1 0 N e t I n v e s t e n t T a x C r e i t s 27 . 0 0 0 To t a l T a x e s 28 . 26 , 1 2 4 10 , 6 0 9 1, 0 3 6 11 , 6 4 5 5, 8 7 2 20 3 1, 0 4 0 7, 3 6 4 14 , 4 7 9 Ne t O p e r a t i n g I n c o m e 29 . 97 9 , 6 1 0 74 8 , 9 1 8 18 , 5 4 8 76 7 , 4 6 6 -4 6 1 , 6 9 0 34 , 7 7 4 -8 9 , 5 8 8 72 8 , 6 4 8 21 2 , 1 4 4 Pa g e 1 o f 8 ,,-SU M M A R Y ( c o n t i n u e d ) Av e r a g e R a t e B a s e 20 0 1 T e l e c o m , P l a n t i n S e r v i c e 15 b \ 1. 18 , 6 0 5 , 7 9 1 7,5 1 1 , 6 7 4 74 4 , 4 9 8 8, 2 5 6 , 1 7 2 4, 1 9 7 , 6 1 8 14 7 , 0 2 5 74 8 , 4 6 6 5, 2 5 6 , 5 1 0 10 , 3 4 9 , 6 1 9 20 0 5 P l a n t A c q u i s i t i o n A d j u s t m e n t 2. 0 0 31 0 0 L e s s : A c c m u l a t e d D e p r . ( - ) 15 c \ 3. -1 0 , 1 8 5 , 7 9 3 -3 , 7 0 6 , 5 0 2 -3 5 9 , 8 8 8 -4 , 0 6 , 3 9 0 -2 , 1 7 3 , 0 8 4 -6 1 , 9 3 4 -3 7 1 , 2 5 5 -3 , 5 1 3 , 1 3 0 -6 , 1 1 9 , 4 0 3 34 x x - 3 6 x x A c c u m u l a t e d A m o r t . ( - ) (5 ) 4. 0 0 41 0 0 - 4 0 A c c m . D e f e r r e d T a x ( - ) 5. -4 5 , 5 9 7 -1 8 4 0 9 -1 8 2 5 -2 0 , 2 3 4 .1 0 2 8 7 .3 6 0 .1 8 3 4 -1 2 8 8 2 -2 5 , 3 6 3 12 2 0 M a t e r i a l s a n d S u p p l i e s 6, 12 4 7 7 7 46 2 0 8 26 7 2 48 , 8 8 0 32 3 4 4 10 5 9 22 8 4 40 2 1 0 75 , 8 9 7 -- Eq u a i A c c s s E q u i p m e n t (7 ) 7, 0 0 0 - Ot h e r R a t e B a s e 8. 53 8 , 7 8 5 22 0 6 7 2 21 4 0 8 24 2 , 0 8 0 12 1 3 0 3 41 2 6 21 5 2 9 14 9 7 4 7 29 6 , 7 0 5 To t a l A v e r a g e R a t e B a s e 9. 9, 0 3 7 , 9 6 3 4, 0 5 3 , 6 4 3 40 6 , 8 6 5 4, 4 6 0 , 5 0 8 2, 1 6 7 , 8 9 4 89 , 9 1 6 39 9 , 1 9 0 1, 9 2 0 , 4 5 5 4, 5 7 7 , 4 5 5 Pa g e 2 o f 8 PL A N T I N S E R V I C E D E T A I L 21 X X G e n e r a l S u p p o r t F a c i l t i e s 1. 3, 0 0 9 , 1 8 5 1, 2 1 4 , 8 9 2 12 0 , 4 1 1 1, 3 3 5 , 3 0 3 67 8 , 8 9 6 23 , 7 7 9 12 1 , 0 5 2 85 0 , 1 5 5 1, 6 7 3 , 8 8 2 22 X X C e n t r a l O f f c e E q u i p m e n t : CA T 1 - 0 p e r a t o r S y s t e m s 2. 0 0 0 CA T 2 - T a n d e m S w i t c h i n g ( A l l o c , ) 3, 0 0 0 CA T 2 - T a n d e m S w i t c h i n g ( A s s i g n . ) 4. 0 0 0 CA T 3 - L o c a l S w i t c h i n g 5. 1,3 7 5 , 9 3 5 11 6 9 5 4 5 1, 1 6 9 , 5 4 5 20 6 3 9 0 20 6 , 3 9 0 CA T 4 . 1 2 - E x c h , T r u n k ( J o i n t U s e ) 6. 44 0 , 1 9 5 0 44 0 1 9 5 44 0 , 1 9 5 CA T 4 . 1 2 - E x c h , T r u n k ( O e d , U s e ) 7. 35 5 , 0 6 2 34 6 8 5 0 34 6 , 8 5 0 82 1 2 8,2 1 2 CA T 4 . 1 3 - S u b s c r . L i n e ( J o i n t U s e ) 8. 1,4 5 4 , 1 6 3 36 0 8 3 6 62 8 3 36 7 , 1 1 9 36 0 8 3 5 45 3 8 72 1 6 7 1 1, 0 8 7 , 0 4 CA T 4 , 1 3 - S u b s c r . L i n e ( O e d . U s e ) 9. 0 0 0 CA T 4 , 2 3 - I X T r u n k ( J o i n t U s e ) 10 . 1, 0 8 1 , 5 4 4 71 3 2 2 2 17 8 6 0 73 1 , 0 8 2 33 4 5 8 6 15 8 7 6 35 0 , 4 6 2 CA T 4 , 2 3 - I X T r u n k C k t , ( O e d . U s e ) 11 . 41 , 8 7 2 34 3 7 34 , 0 3 7 78 3 5 7,8 3 5 CA T 4 , 3 - H o s t / R e m o t e T r u n k C k t . 12 . 61 8 , 1 4 3 26 4 8 7 4 26 4 , 8 7 4 17 1 5 7 2 18 1 6 9 7 35 3 , 2 6 9 Ot h e r C O E 13 . 0 0 0 To t a l C O E 14 . 5, 3 6 6 , 9 1 4 2,5 0 8 , 4 7 7 40 5 , 0 3 0 2, 9 1 3 , 5 0 7 86 6 , 9 9 3 36 , 4 6 1 44 0 , 1 9 5 1, 1 0 9 , 7 5 8 2, 4 5 3 , 4 0 7 23 X X I n f o r m a t i o n O r l g . / e r m . E q u i p m e n t : CA T i - R e g u l a t e d C P E 15 . 0 0 0 Ot h e r l O T 16 . 0 0 0 To t a l lO T 17 . 0 0 0 0 0 0 0 0 0 . 24 X X C a b l e & W i r e F a c i l t i e s : CA T 1 , 3 - S u b s c r i b e r L i n e ( C o m m o n ) 18 . 6, 4 4 7 , 1 5 9 15 9 9 7 9 6 27 8 5 6 1, 6 2 7 , 6 5 2 15 9 9 7 9 7 20 1 1 8 31 9 9 5 9 2 4, 8 1 9 , 5 0 7 CA T 1 . l , 2 - S u b s c r i b e r L i n e ( O e d , ) 19 , 0 0 0 CA T 2 - E x c h . T r u n k ( J o i n t U s e ) 20 . 18 7 , 2 1 9 0 18 7 2 1 9 18 7 , 2 1 9 CA T 2 - E x c h . T r u n k ( O e d , U s e ) 21 . 78 , 2 5 1 40 9 1 9 40 , 9 1 9 37 3 3 2 37 , 3 3 2 CA T 3 - I X T r u n k ( J o i n t U s e ) 22 . 3, 0 6 8 , 2 6 0 20 4 7 1 0 0 42 5 6 3 2, 0 8 9 , 6 6 3 96 0 3 3 3 18 2 6 4 97 8 , 5 9 7 CA T 3 - I X T r u n k ( O e d . U s e ) 23 . 11 8 , 7 9 0 10 7 7 1 9 10 7 , 7 1 9 11 0 7 1 11 , 0 7 1 CA T 4 - H o s t R e m o t e T r u n k 24 , 33 0 , 0 1 0 14 1 4 1 0 14 1 , 4 1 0 91 5 9 7 97 0 0 3 18 8 , 6 0 0 Ot h e r C & W F 25 . 0 0 0 To t a I C & W F 26 . 10 , 2 2 9 , 6 8 9 3, 7 8 8 , 3 0 6 21 9 , 0 5 7 4, 0 0 7 , 3 6 3 2,6 5 1 , 7 2 7 86 , 7 8 5 18 7 , 2 1 9 3, 2 9 6 , 5 9 5 6, 2 2 2 , 3 2 6 26 X X O t h e r A s s e t s : Ca p i t a l L e a s e s 27 , 0 0 0 Le a s e h o l d I m p r o v e m e n t s 28 , 0 0 0 In t a n g i b l e s 29 , 0 0 0 To t a l O t h e r A s s e t s 30 , 0 0 0 0 0 0 0 0 0 To t a l T e l e c o m . P l a n t i n S e r v i c e (5 b ) 31 . 18 , 6 0 5 , 7 8 8 7, 5 1 1 , 6 7 5 74 4 , 4 9 8 8, 2 5 6 , 1 7 3 4, 1 9 7 , 6 1 6 14 7 , 0 2 5 74 8 , 4 6 6 5, 2 5 6 , 5 0 8 10 , 3 4 9 , 6 1 5 Pa g e 3 0 f 8 De p r e c i a t i o n & A m o r t i z a t i o n Ac c u m u l a t e d D e p r e c i a t i o n D e t a i l 31 1 X G e n e r a l S u p p o r t F a c i l t i e s 1. -1 , 6 6 2 , 7 6 6 .6 7 1 3 0 5 .6 6 5 3 4 -7 3 7 , 8 3 9 -3 7 5 1 3 4 .1 3 1 3 9 -6 6 8 8 9 -4 9 7 6 5 -9 2 4 , 9 2 7 31 2 X C e n t r a l O f f c e S w i t c h i n g 2. -9 8 7 , 4 9 0 -8 3 9 3 6 6 -8 3 9 , 3 6 6 .1 4 8 1 2 4 -1 4 8 , 1 2 4 31 2 X O p e r a t o r S y s t e m s 3. 0 0 0 31 2 X C e n t r a l O f f i c e T r a n s m i s s i o n 4, -2 , 2 7 7 , 7 8 0 -7 7 6 4 9 5 .2 2 3 7 8 3 -1 , 0 0 0 , 2 7 8 -4 9 9 5 9 9 .2 0 5 1 5 -2 4 5 6 1 1 -5 1 1 7 7 7 -1 , 2 7 7 , 5 0 2 31 3 X I n f o r m a t i o n O r i g . / T e r m . E q u i p . 5, 0 0 0 31 4 X C a b l e & W i r e F a c i l t i e s 6, -5 , 2 5 7 , 7 6 2 -1 4 1 9 3 3 7 -6 9 5 7 1 -1 , 4 8 8 , 9 0 8 -1 2 9 8 3 5 3 -2 8 2 8 0 .5 8 7 5 5 -2 3 8 3 4 8 6 -3 , 7 6 8 , 8 5 4 To t a l A c c u m u l a t e d D e p r e c i a t i o n (5 c ) 7. .1 0 , 1 8 5 , 7 9 8 -3 , 7 0 6 , 5 0 3 .3 5 9 , 8 8 8 -4 , 0 6 6 , 3 9 1 .2 , 1 7 3 , 0 8 6 -6 1 , 9 3 4 .3 7 1 , 2 5 5 -3 , 5 1 3 , 1 3 2 -8 , 1 1 9 , 4 0 7 Ac c u m u l a t e d A m o r t i z a t i o n D e t a i l 34 1 0 C a p i t a l L e a s e s 8, 0 0 0 34 2 0 L e a s e h o l d I m p r o v e m e n t s 9, 0 0 0 35 0 0 I n t a n g i b l e s 10 . 0 0 0 36 0 0 A c q u i s i t i o n A d j u s t m e n t 11 , 0 0 0 To t a l A c c u m u l a t e d A m o r t i z a t i o n (5 c ) 12 , 0 0 0 0 0 0 0 0 0 Pa g e 4 O f 8 OP E R A T I N G E X P E N S E D E T A I L 61 X X - 6 4 X X P l a n t S p e c i f i c O p e r a t i o n s 61 1 0 - 2 0 G e n e r a l S u p p o r t F a c i l t i e s 1. 16 7 , 6 7 6 67 6 9 5 67 0 9 74 , 4 0 4 37 8 2 9 13 2 5 67 4 6 47 3 7 2 93 , 2 7 2 62 1 X Ce n t r a l O f c e S w i t c h i n g 2. 20 7 , 5 7 4 97 0 1 9 15 6 6 5 11 2 , 6 8 4 33 5 3 3 14 1 0 17 0 2 5 42 9 2 2 94 , 8 9 0 62 2 0 Op e r a t o r S y s t e m s 3. 0 0 0 62 3 X Ce n t r a l O f c e T r a n s m i s s i o n 4. 84 , 7 3 8 39 6 0 6 63 9 5 46 , 0 0 1 13 6 8 9 57 6 69 5 0 17 5 2 2 38 , 7 3 7 63 X X In f o r m a t i o n O r l g . l T e r m . E q u i p . 5. 0 0 0 64 X X Ca b l e & W i r e F a c i l t i e s 6. 26 3 , 8 8 2 97 7 2 2 56 5 1 10 3 , 3 7 3 68 4 0 3 22 3 9 46 2 9 85 0 3 8 16 0 , 5 0 9 To t l P l a n t S p e c i f i c (5 a ) 7. 72 3 , 8 7 0 30 2 , 0 4 2 34 , 4 2 0 33 6 , 4 6 2 15 3 , 4 5 4 5, 5 5 0 35 , 5 5 0 19 2 , 8 5 4 38 7 , 4 0 8 65 X X P l a n t N o n s p e c i f i c O p e r a t i o n s (8 ) 65 1 2 Pr o v i s i o n I n g 8. 0 0 0 65 3 X Ne t o r k O p e r a t i o n s 9. 20 , 6 2 8 83 2 8 82 5 9,1 5 3 46 5 4 16 3 83 0 58 2 8 11 , 4 7 5 65 4 0 Ac c s s P a i d t o L E C s (9 ) 10 . 21 , 7 1 5 21 7 1 5 21 , 7 1 5 0 To t a l P l a n t N o n s p e c i f i c (5 a ) 11 . 42 , 3 4 3 30 , 0 4 3 82 5 30 , 8 6 8 4,6 5 4 16 3 83 0 5, 8 2 8 11 , 4 7 5 65 6 X D e p r e c i a t i o n & A m o r t i z a t i o n (8 ) 65 6 1 Ge n e r a l S u p p o r t F a c i l t i e s 12 . 25 2 , 4 0 5 10 1 9 0 3 10 1 0 0 11 2 , 0 0 3 56 9 4 4 19 9 5 10 1 5 4 71 3 0 9 14 0 , 4 0 2 65 6 1 Ce n t r a l O f c e S w i t c h i n g 13 . 24 4 , 1 6 4 20 7 5 3 9 20 7 , 5 3 9 36 6 2 5 36 , 6 2 5 65 6 1 Op e r a t o r S y s t e m s 14 . 0 0 0 65 6 1 Ce n t r a l O f c e T r a n s m i s s i o n 15 . 12 3 , 3 4 49 0 5 9 12 5 9 0 61 , 6 4 9 28 4 1 8 94 2 11 8 9 5 20 4 4 61 , 6 9 5 65 6 1 In f o r m a t i o n O r i g . l T e r m . E q u i p . 16 . 0 0 0 65 1 Ca b l e & W i r e F a c i l t i e s 17 . 55 0 , 5 2 9 18 4 1 8 8 83 5 1 19 2 , 5 3 9 14 1 4 1 7 23 6 1 69 0 1 20 7 3 1 1 35 7 , 9 9 0 65 6 3 Ca p i t a l L e a s e s 18 , 0 0 0 65 6 3 Le a s e h o l d I m p r o v e m e n t s 19 . 0 0 0 65 6 4 In t a n g i b l e s 20 . 0 0 0 65 6 5 Ac q u i s i t i o n A d j u s t m e n t 21 , 0 0 0 To t a l D e p r e i a t i o n & A m o r t i z a t i o n (5 a ) 22 , 1,1 7 0 , 4 4 2 54 2 , 6 8 9 31 , 0 4 1 57 3 , 7 3 0 22 6 , 7 7 9 5, 2 9 8 28 , 9 5 0 33 5 , 6 8 5 59 6 , 7 1 2 Pa g e 5 0 f 8 OP E R A T I N G E X P E N S E ( c o n t i n u e d ) 66 X X C u s t o m e r O p e r a t i o n s 66 1 X Ma r k e t i n g 1. 8, 3 3 5 31 6 2 73 3 3, 8 9 5 15 8 9 44 3 24 0 8 4,4 4 0 66 2 X Op e r a t o r S e r v i c e s 2. 30 0 30 30 66 2 X Di r e c t o r y P u b l i s h i n g - A l p h a , 3, 6, 8 2 5 21 9 3 2, 1 9 3 14 2 1 32 1 1 4, 6 3 2 66 2 X Dir e c t o r y P u b l i s h i n g - C l a s s i f i e d 4, 0 0 0 66 2 X Dir e c t o r y P u b l i s h i n g - F o r e i g n 5. 0 0 0 66 2 3 se r v i c e O r d e r P r o , - E n d U s e r 6. 30 , 5 8 5 12 4 4 1 12 , 4 4 1 98 2 17 1 6 2 18 , 1 4 4 66 2 3 Pa y m e n & C o l l e c i o n - E n d U s e r 7. 22 , 9 3 9 62 4 4 6, 2 4 4 62 9 8 10 3 9 7 16 , 6 9 5 66 2 3 Bi l l n g I n q u i r y - E n d U s e r 8. 22 , 9 3 8 62 4 6 6, 2 4 6 62 9 7 10 3 9 5 16 , 6 9 2 66 2 3 Se r v i c e O r d e r P r o , - C X R 9. 0 0 0 66 2 3 Pa y m e n t & C o l l e c i o n - C X R 10 . 0 0 0 66 2 3 Bi l i n g I n q u i r y - C X R 11 . 0 0 0 66 2 3 Co i n A d m i n i s t r a t i o n 12 . 0 0 0 66 2 3 Re v . A c c g , - T o l l T i c k e t P r o c , 13 . 0 0 0 66 2 3 Re v . A c c g , - L o c a l M e s s . P r o c . 14 . 15 , 5 8 8 42 1 0 4, 2 1 0 11 3 7 8 11 , 3 7 8 66 2 3 Re v . A c c g . - O t h e r B i l l & C o i L . 15 . 43 , 1 6 4 12 8 7 4 12 , 8 7 4 15 1 4 5 15 1 4 5 30 , 2 9 0 66 2 3 Re v . A c c g . - S L C B i l i n g 16 . 2, 2 7 2 22 7 2 2, 2 7 2 0 66 2 3 Re v . A c c g . - C X R B & C (9 ) 17 , 16 , 5 8 3 82 9 1 8, 2 9 1 82 9 2 8,2 9 2 66 2 3 B & C A m t s P a i d t o L E C s (9 ) 18 . 0 0 0 66 2 3 Ot h e r C u s t o m e r S e r v i c e 19 , 1, 5 0 3 15 0 3 1, 5 0 3 0 To t a l C u s t o m e r O p e r a t i o n s (5 a ) 20 . 17 0 , 7 6 2 59 , 4 3 6 73 3 60 , 1 6 9 51 , 4 0 2 44 0 58 , 7 4 8 11 0 , 5 9 3 67 X X C o r p o r a t e O p e r a t i o n s : 67 1 X Ex e c u t i v e & P l a n n i n g 21 . 30 8 , 7 3 8 12 4 7 6 7 12 0 8 8 13 6 , 8 5 5 70 8 9 9 19 9 5 12 2 3 9 86 7 5 0 17 1 , 8 8 3 67 2 X Ge n e r a l & A d m i n i s t r a t i v e 22 , 30 9 , 2 9 4 14 4 2 5 6 10 8 4 15 5 , 1 0 0 63 6 0 3 17 9 0 10 9 7 9 77 8 2 2 15 4 , 1 9 4 67 2 8 EA S S e t t l e m e n t E x p e n s e 23 . 0 0 0 To t a l C o r p o r a t e O p e r a t i o n s (5 a ) 24 . 61 8 , 0 3 2 26 9 , 0 2 3 22 , 9 3 2 29 1 , 9 5 5 13 4 , 5 0 2 3, 7 8 5 23 , 2 1 8 16 4 , 5 7 2 32 6 , 0 7 7 -_ . . O t e r O p e r a t i n g E x p e n s e s : - Eq u a l A c c s s P r o v i s i o n (1 0 ) 25 , 0 0 0 Un i v e r s a l S e r v i c e F u n d (1 1 ) 26 . 0 0 0 Li f e l i n e C o n n e c t i o n A s s i s t a n c e (1 2 ) 27 . 0 0 0 To t a l Oth e r (5 a ) 28 . 0 0 0 0 0 0 0 0 0 To t a l O p e r a t i n g E x p e n s e s (5 a ) 29 , 2, 7 2 5 , 4 4 9 1,2 0 3 , 2 3 3 89 , 9 5 1 1,2 9 3 , 1 8 4 57 0 , 7 9 1 15 , 2 3 9 88 , 5 4 8 75 7 , 6 8 7 1,4 3 2 , 2 6 5 Pa g e 6 o f 8 OP E R A T I N G T A X E S D E T A I L 72 4 0 G e n e r a l T a x e s 72 4 0 Pr o p e r t y 1, 35 , 4 2 8 14 3 0 3 14 1 8 15 , 7 2 1 79 9 3 28 0 14 2 5 10 0 0 9 19 , 7 0 7 72 4 0 Gr o s s R e c e i p t s 2, 0 0 0 72 4 0 PU C F e e 3. 0 0 0 72 4 0 Fr a n c h i s e F e e s 4. 0 0 0 72 4 0 Ot h e r 5, 74 2 74 2 74 2 0 To t a l G e n e r a l T a x e s 6. 36 , 1 7 0 15 , 0 4 5 1,4 1 8 16 , 4 6 3 7, 9 9 3 28 0 1,4 2 5 10 , 0 0 9 19 , 7 0 7 72 X X In c o m e T a x e s ( C a l c u l a t e d ) Ne t I n c m e B e f o r e S I T & F I T (1 3 ) 7. 96 9 , 5 6 2 74 4 , 4 8 3 18 , 1 6 5 76 2 , 6 4 8 -4 , 8 1 3 34 , 6 9 7 -8 9 , 9 7 3 72 6 , 0 0 3 20 6 , 9 1 4 Le s s F i x e d C h a r g e s ( - ) 8. 24 3 , 8 5 6 10 9 4 4 2 10 9 9 9 12 0 , 4 4 1 58 5 4 9 24 3 7 10 7 8 8 51 6 4 1 12 3 , 4 1 5 Su b t o t a l ( l i n e s 7 - 8 ) (1 4 ) 9. 72 5 , 7 0 6 63 5 , 0 4 1 7,1 6 6 64 2 , 2 0 7 -5 2 2 , 3 6 2 32 , 2 6 0 -1 0 0 , 7 6 1 67 4 , 3 6 2 83 , 4 9 9 Oth e r S I T B a s e A d d J D e d . ( + - ) (1 5 ) 10 . 0 0 0 SI T T a x a b l e I n c . ( l i n e s 9 + - 1 0 ) 11 . 72 5 , 7 0 6 63 5 , 0 4 1 7,1 6 6 64 2 , 2 0 7 -5 2 2 , 3 6 2 32 , 2 6 0 67 4 , 3 6 2 83 , 4 9 9 72 3 0 S I T - C u r r n t ( a t 8 % ) (1 6 ) 12 . 66 , 1 1 7 50 , 8 0 3 57 3 51 , 3 7 7 -4 1 , 7 8 9 2,5 8 1 0 53 , 9 4 9 14 , 7 4 1 Oth e r F I T B a s e A d d / O e d . ( + - ) (1 7 ) 13 . 0 0 0 FI T T a x a b l e I n c . ( l i n e s 9 - 1 2 + - 1 3 ) 14 . 65 9 , 5 8 9 58 4 , 2 3 8 6,5 9 3 59 0 , 8 3 0 -4 8 0 , 5 7 3 29 , 6 7 9 62 0 , 4 1 3 16 9 , 5 1 9 Gr o s s F I T 15 , 25 8 , 5 1 9 19 8 , 6 4 1 2,2 4 2 20 0 , 8 8 2 -1 6 3 , 3 9 5 10 , 0 9 1 0 21 0 , 9 4 0 57 , 6 3 7 72 1 0 P C l a i m e d I T C ( - ) 16 , 0 0 0 Su r t a x E l i m i n a t i o n ( - ) 17 . 0 0 0 72 2 0 F I T - C u r r n t ( l i n e s 1 5 - 1 6 - 1 7 ) (1 8 ) 18 . 25 8 , 5 1 9 19 8 , 6 4 1 2, 2 4 2 20 0 , 8 8 2 -1 6 3 , 3 9 5 10 , 0 9 1 0 21 0 , 9 4 0 57 , 6 3 7 Pa g e 7 o f 8 I I 20 0 5 F O R M I IN P U T M A S T E R ' I I I Fo r T h e Y e a r E n d e d : D e c e m b e r 3 1 , 2 0 0 6 CO M P A N Y N A M E : C a m b r i d g e T e l e p h o n e C o m p a n y , I n c . Se p e r a t e d R e s u l t s o f I d a h o O p e r a t i o n s To t a l Id a h o In t r a s t a t e Op e r a t i o n Op e r a t i o n s De s c r i p t i o n No t e Li n e Su b j e c t T o In t e r s t a t e In t r a s t a t e No . No . Se p a r a t i o n s To l l To l l EA S Lo c a l ( O t h e r ) Se p a r a t i o n P a r a m e t e r s (1 9 ) Pl a n t SL U M i n u t e s o f U s e ( M O U ) 1, 0 SL U F a c t o r 2, 1. 0 0 0 0 0 0 0. 3 2 1 3 8 0. 2 0 8 1 6 0.4 7 0 4 6 Ba s e S P F - J a n u a r y 1 3, 1. 0 0 0 0 0 0 0. 2 5 0. 2 5 0. 5 Ba s e S P F - D e c e m b e r 3 1 4. 1. 0 0 0 0 0 0 0. 2 5 0. 2 5 0. 5 Cu r r e n t C o m p o s i t e S P F (2 0 ) 5, 1. 0 0 0 0 0 0 0. 2 5 0. 2 5 0. 5 19 9 6 W e i g h t e d O E M 6. 1. 0 0 0 0 0 0 0. 8 5 0.1 5 19 9 6 U n w e l g h t e d O E M 7, 0. 3 2 9 2 4 9 0.3 2 9 2 4 9 0 0 0 Cu r r e n t C A T 3 D i a l E q u i p m e n t M i n u t e s (2 1 ) 8, 0 Cu r r e n t C o m p o s i t e O E M F a c t o r 9, 1. 0 0 0 0 0 0 0. 8 5 0.1 5 Ex c h a n g e T r u n k - J o i n t U s e M O U (2 2 ) 10 . 0 Ho s t R e m o t e M O U K i l o m e e r s (2 3 ) 11 . 0 Eq u a l A c c s s M O U (2 4 ) 12 . 0 Op e r a t o r S t a n d a r d W o r k S e c o n d s (2 5 ) 13 . 0 Ta n d e m S w i t c h i n g M O U (2 6 ) 14 , 0 IX C o n v e r s a t i o n M O U 15 , 0 IX C o n v e r s i o n M i n u t e K i l o m e t e r s 16 , 0 Ot e r P a r a m e t e r s Ac c s s L i n e s 17 . 20 7 0 Un s e p a r a t e d L o o p C o s t ( y 1 1 . 1 R O R (2 7 ) 18 . 96 5 2 0 8 Gr o s s B i l e d R e v e n u e s -M a r k e t i n g A l l o c a i o n B a s i s (2 8 a ) 19 , 0 -P a y m e n t & C o l l e c t i o n - E n d U s e r (2 8 b ) 20 , 1,0 8 2 , 2 7 5 29 4 6 6 1 29 7 1 5 0 49 0 4 6 4 -P a y m e n t & C o l l e c i o n - C X R (2 8 c ) 21 . 3 1 2 Se r v i c e O r d e r C o n t a c t s -S e r v i c e O r d e r P r o c . - E n d U s e r (2 9 a ) 22 . 8, 1 9 9 17 1 4 35 1 61 3 4 -S e r v i c e O r d e r P r o c , - C X R (2 9 b ) 23 . 0 BI l l n g I n q u i r y C o n t a c t s -B i l l i n g I n q u i r y - E n d U s e r (3 0 a ) 24 , 1, 0 8 2 , 2 7 5 29 4 6 6 1 29 7 1 5 0 49 0 4 6 4 -B i l l n g I n q u i r y - C X R (3 0 b ) 25 . 3 1 2 . S P + R C T o l l M e s s a g e s , (3 1 ) 26 . 44 7 , 6 1 7 12 0 8 9 4 32 6 7 2 3 EA S / L o c a l M e s s a g e s ( M s g . . P r o c , ) 27 . 0 'B I G 3 ' E x p e n s e F a c t o r - M e s s a g e (3 2 ) 28 . 0. 9 5 0. 4 0 4 1 1 9 0. 2 2 9 6 4 3 0. 0 3 9 6 4 1 0. 2 8 0 9 8 2 -P L S & S p e c i a l A c c s s 29 . 0. 0 5 0. 0 3 9 1 5 2 0. 0 0 6 4 6 2 Op e r a o r S e r v i c e E x p e n s e - F a c t o r 30 . 0 Ac c s s M i n u t e s o f U s e ( E n d O f f i c e ) 31 , 11 , 0 2 5 , 9 4 0 87 8 8 6 1 3 22 3 7 3 2 7 Pa g e 8 o f 8 41 9 1 2 0 0 8 Ca m b r i d T e l e p h o n e C o m p a n y , I n c . Stu d y A r e a : 4 7 2 2 1 5 St d v Y e a r : 2 0 0 RE V E N U E R E Q U I R E M E N T S U M M A R Y 8-1 ii F F ; d u . ; ; ; I N T E R S T A T E ; ; ii iii i F . . ; ; ' " ii .. . . . . . . . ; . / 2 ; ; / 2 2 F ii ¿ 2 i i ; i ? . . . . . . . . . . ; . t ~ ~ . ¿ c ; ) ; . TO T A L MS G I n t e r L A T A P L In ! r a L A T A MS G I n t e r L A I A P L ¡n t r a L A I A EA S Us e r --ö f h e i CO M P A N Y MS G PL MS G ~i ~ De f 7 ~ .. i i . . " " v~ v . ; R I P T I O N SO U R C E ia ) Ib ) l e I (d l e' f) la i (h I üI fI 1 N e t T e l c o m P l a n ,L n 4 6 9,0 3 7 , 9 6 4,0 5 3 , 6 4 2 40 , 8 6 47 9 , 3 2 3 1,6 8 8 , 5 7 2 89 , 9 1 5 39 9 , 1 9 0 1, 9 2 0 , 4 5 5 2 R a t B a s A d j u s t m e n t # 1 Re c r d s 3 R A T E BA S E Ln 1 - 2 9,0 3 7 , 9 6 4,0 5 3 , 6 4 2 40 , 8 6 5 - 47 9 , 3 2 3 1,6 8 8 , 5 7 2 89 , 9 1 5 39 9 , 1 9 0 1, 9 2 0 , 4 5 5 4 R à t e o f Re t u r n Re c r d s 9.4 8 7 5 % 11 . 2 5 0 0 % 11 . 2 5 0 0 % 11 . 2 5 0 0 % 11 . 2 5 0 % 7. n o o % 7.7 7 0 0 % 7, 7 7 0 0 % 7.7 7 0 0 % 7. 1 7 0 0 % 7.7 7 0 0 7. 7 7 0 0 % 5 R E T U R N O N R A T E B A S E Ln 3 " 4 85 7 , 4 7 5 45 6 , 0 3 5 45 , 7 7 2 37 , 2 4 3 13 1 , 2 0 2 6,9 8 6 31 , 0 1 7 14 9 , 2 1 9 6 R e t u r n A d j u s t m e n t # 1 Re c r d s - 7 N E T RE T U R N Ln 5 - 85 7 . 4 7 5 45 6 , 0 3 5 45 , 7 7 2 - 37 , 2 4 3 13 1 , 2 0 2 6,9 8 6 31 . 0 1 7 14 9 , 2 1 9 8 F i x e d C h a r g e s ,L n 2 4 24 3 , 8 5 6 10 9 , 4 4 2 10 , 9 9 9 12 , 9 9 45 , 5 5 5 2.4 3 7 10 , 7 8 8 51 , 6 4 1 9 A m o r t i z a t i o n o f E x c e s s O e f T a x e s ,L n 4 7 - - 10 C a p i l i z e d P a y T O U T a x e s ,L n S O - - 11 D e p r e c i a t i o n A d j u s m e n t ,L n 5 3 12 F I T A l l o w n c e s D i s l l o w n c e s ,L n 2 2 - 13 In c A d j A l l o c o n 2 0 0 1 ,L n 9 + 0 - 14 In c A d J A l l o c O n B i g 3 E x p ,L n 1 + 6 - 15 T o t l M i s e I n c Ad j u s t m e n t ,L n 3 - 16 A F T E R T A X I N C O M E No t e 1 61 3 , 6 1 9 34 6 , 5 9 3 34 , n 3 24 , 2 5 0 85 , 6 4 7 4,5 5 0 20 , 2 2 97 , 5 7 8 17 S t a t e I n c o m e T a x Ln 5 2 83 , 3 2 3 47 , 0 6 4,7 2 2 3, 2 9 3 11 , 6 3 0 61 8 2,7 4 7 13 , 2 5 0 18 S t a t e i r e A m o r t a t i o n ,l J 5 - 19 N e t F e d e r a l In c o m e T a x Ln 4 3 31 6 , 1 0 7 17 8 , 5 4 8 17 , 9 1 3 12 . 4 9 2 44 , 1 2 1 2, 3 4 10 , 4 2 1 50 , 2 6 20 F e d e r a l l T C A m o z a o n ,L n 4 4 21 O p e r a t i n g E x p e n s e s & T a x e s ,L n 1 7 2. n 1 , 5 9 1, 2 2 , 6 2 4 91 . 7 4 0 85 . 4 2 9 49 5 , 5 2 15 , 5 7 9 90 , 3 4 8 77 0 , 3 4 22 N o n o p e r a i n g E x p e n s e s 8- 1 0 , L n 1 7 + 1 8 - 23 U n c o l l e c t i b l e s ,L n 7 - 24 O t h e r A d j u s t m e n t ( N e t R R ) Re c r d s - 25 N E T R E V E N U E R E Q U I R E M E N T Ln 7 + 1 7 . . 2 3 - 4 4, 0 2 8 , 4 9 8 1,9 0 4 , 2 7 1 16 0 , 1 4 8 13 8 , 4 5 8 68 2 , 4 8 0 25 , 5 2 7 13 4 , 5 3 3 98 , 0 8 2 26 G r o s s R e c p t s T a x No t e 2 - . - 27 7 3 4 A l F d s U s e O u r C o n s t ,L n 1 5 23 , 0 5 3 9,3 0 7 92 2 83 7 4,3 6 4 18 2 92 7 6,5 1 3 28 R E V E N U E R E O U I R E M E N T Ln 2 5 + 2 ß 2 7 4, 0 0 5 , 4 4 5 1,8 9 4 , 9 6 15 9 , 2 2 5 13 7 , 6 2 0 67 8 , 1 1 6 25 , 3 4 13 3 , 6 0 97 6 , 5 6 9 29 O i s r i b l o n o f L i n e 3 ( Ln 2 8 1 8 a 10 0 . 0 0 0 % 47 . 3 0 7 % 3, 9 7 5 2 % 3.4 3 5 8 % 16 . 9 2 9 % 0. 6 3 8 % 3. 3 3 5 24 . 3 8 1 0 % I IN C O M E T A X E S I 30 N e t Re t u r n Ln 7 85 7 . 4 7 5 45 6 , 0 3 6 45 , 7 7 2 37 , 2 4 3 13 1 , 2 0 2 6, 9 8 31 , 0 1 7 14 9 , 2 1 9 31 F i x e d C h a r g e s Ln 8 24 3 , 8 5 6 10 9 , 4 4 2 10 , 9 9 9 12 , 9 9 4 45 , 5 5 5 2,4 3 7 10 , 7 8 8 51 , 6 4 1 32 A m o r t i z i o n o f E x c e s s D e f e r r e d T a x e s Ln 9 33 C a p i l i z e d P a y r o U T a x e s Ln 1 0 34 D e p r e c i a t i o n A d j u s t e n t Ln 1 1 - - 35 F I T A l l o n c e D i s a l o w n c e s Ln 1 2 36 In c A d j A l l o o n 2 0 0 1 Ln 1 3 - 37 In c A d j A 1 l o o n B i g 3 E x p Ln 1 4 - - 38 F e d e t a i i T C A m o r t i z a o n ,L n 4 4 - 39 To t l In c o m e A d j u s m e n t Ln 3 1 + 3 5 : . 3 7 24 3 , 8 5 6 10 9 , 4 4 2 10 , 9 9 9 - 12 , 9 9 45 , 5 5 5 2,4 3 7 10 , 7 8 8 51 , 6 4 1 40 F e d e r a l T a x a b e I n c e Ln 3 Q 9 G r o s s U p 92 , 7 2 52 6 , 1 4 1 52 , 6 8 7 36 , 7 4 2 12 9 , 7 6 8 6,8 9 3 30 , 6 5 0 14 7 , 8 4 41 F e d r a l In c o m e Ta x 34 . 0 0 0 0 % 31 6 , 1 0 7 17 8 , 5 4 17 , 9 1 3 12 , 4 9 2 44 , 1 2 1 2,3 4 4 10 , 4 2 1 50 , 2 6 42 F e d e r a l S u r - T a x A l l o c a o n Re c r d s - 43 N e t F e d e r a l In c o m e T a x Ln 4 1 - 4 2 - 3 31 6 , 1 0 7 17 8 , 5 4 8 17 , 9 1 3 12 , 4 9 2 . 44 , 1 2 1 2,3 4 4 10 , 4 2 1 50 , 2 6 8 44 N e t R e t u r n Ln 3 0 85 7 , 4 7 5 45 6 , 0 3 6 45 , n 2 - 37 , 2 4 3 13 1 , 2 0 2 6,9 8 31 , 0 1 7 14 9 , 2 1 9 45 F i x e d C h a r g e s Ln 3 1 24 3 , 8 5 6 10 9 . 4 2 10 , 9 9 12 , 9 9 45 , 5 5 5 2. 4 3 7 10 , 7 8 8 51 , 6 4 1 46 O t S I T A d j u s m e n t Re c r d s 47 F e d e r a l In c o T a x Ln 4 1 31 6 , 1 0 7 17 8 , 5 4 17 , 9 1 3 12 , 4 9 44 , 1 2 1 2, 3 4 10 . 2 1 50 , 2 6 48 S t e T a x a b l e I n c o m e Ln 4 4 7 G r o s U p 1,0 1 3 , 0 5 57 2 , 2 0 5 57 , 4 0 8 40 , 0 3 5 14 1 , 3 9 8 7, 5 1 1 33 , 3 9 7 16 1 , 0 9 6 49 S t a t e I n c o T a x 8, 2 2 5 0 83 , 3 2 3 47 , 0 6 4,7 2 3, 2 9 3 - 11 , 6 3 0 61 8 2,7 4 7 13 , 2 5 0 50 s t S u r - T a x A I o n Re c r d - - - 51 S t a t e I T e A m o r t i z i o n ,L n 4 5 - 52 N e t S t a I n c o m e T a x lJ 9 - 1 83 , 3 2 3 47 , 0 6 4,7 2 2 32 9 3 11 , 6 3 0 61 8 2,7 4 7 - 13 , 2 5 0 Pr o p r i e t a r y I n f o r m a t i o n Mo s A d a m ; L L P Ve r s n 3 . 2 1 of 23 41 9 1 0 8 Ca m b r i d g e T e l e p h o n e C o m p a n y , I n c . St d y A r e a : 4 m 1 5 Stu d y Y e a r : 2 0 0 SE P A R A T E D T E L E C O M M U N I C A T I O N S P L A N T S U M M A R Y 8- 2 "I X , . , X ' i ' i i ' " ¿, ' : . , . . : , 7 " ) 2 : ; )'I A ) ) : . . X . ,d ~ , , ~ ~ A ~ : ~ 1 \ d , ; ~ ~ ¿ iY . . ' 0c ' " ,: " L e e t ~ , . , , ' , . : : ' i : i i " j TO T A L In t e r L T A In t r a L A T A Im e n . A I A MS G I n t r a L A T A P L EA S Us e r Ot~ e r CO M P A N Y MS G PL MS G PL MI ~ G ~ ~ De f i n e d Lo ' , , " " u~ _ ~ R I P T I O N SO U R C E (a ) Ib l le i d ie i (~ i i i iii Ik l (I ) 1 2 1 1 0 L a n d & S u p p o r t A s s e t s ,L n 1 3 3,0 0 9 , 1 8 5 1,2 1 4 , 8 9 2 12 0 , 4 1 1 10 9 , 2 9 3 56 , 6 0 3 23 , 7 7 9 12 1 , 0 5 2 85 0 , 1 5 5 22 2 1 0 C O E - 5 l N c h i n g ,l o 3 6 1,3 7 5 , 9 3 5 1,1 6 9 , 5 4 5 20 6 . 3 9 0 3 2 2 2 0 C O E . Q p e r a t o r ,L n 2 3 42 2 3 0 C O E . T r a n s m i s s i o n ,lo 7 6 3,9 9 0 , 9 8 0 1, 3 3 , 9 3 2 40 5 , 0 3 1 14 5 , 0 3 9 72 1 , 9 5 4 36 , 4 6 0 44 0 , 1 9 5 90 3 , 3 6 8 52 3 1 0 I n f o O r i g l T e r m E q u i p ,L n 1 1 - 62 4 1 0 C & W F ,L n 4 2 10 , 2 2 9 , 6 9 0 3,7 8 8 , 3 0 5 21 9 , 0 5 7 42 1 , 4 2 8 2,2 3 0 , 2 9 9 86 , 7 8 6 18 7 , 2 1 9 3, 2 9 , 5 9 7 To t l C O E , l O T , C & W F Ln 2 . . 6 15 , 5 9 , 6 0 6,2 9 , 7 8 2 62 4 , 0 8 56 , 4 6 2,9 5 2 , 2 5 3 12 3 , 2 4 6 62 7 , 4 1 4 4,4 0 6 , 3 5 8 Dis t r i b u t i o n o f L i n e 7 Ln 7 / 7 a 10 0 . 0 0 0 % 40 ; 3 7 2 8 % 4.0 0 1 4 % 3. 6 3 2 0 % 18 . 9 2 8 8 % 0. 7 9 0 2 % 4, 0 2 8 % 28 . 2 5 2 0 % 9 E q u a l A c c e s . I n v e s m e n t ,L n 2 10 2 6 6 0 T a n g i b l e A s s e ,L n 3 1 - 11 T E L E C O M P L T I N S V C - E X C L 2 6 9 0 Ln 1 + 7 + 9 + 1 0 18 , 6 0 , 7 9 0 7,5 1 1 , 6 7 4 74 4 , 4 9 8 67 5 , 7 6 1 3,5 2 1 , 8 5 7 14 7 , 0 2 5 74 6 , 4 6 5,2 5 6 , 5 1 0 12 D i s i b u t i o n a f U n e 1 1 Ln 1 1 1 1 1 a 10 0 . 0 0 0 0 % 40 . 3 7 2 8 % 4.0 0 1 4 % 3. 6 3 2 0 % 18 . 9 2 8 8 % 0.7 9 2 % 4. 0 2 8 % 28 , 2 5 2 0 % 13 2 6 9 0 I n t n g i b l e A s .L n 3 5 14 2 0 1 T E L E C O M P L A N T I N S V C Ln 1 1 + 1 3 18 , 6 0 5 , 7 9 0 7,5 1 1 , 6 7 4 74 4 , 4 9 8 67 5 , 7 6 1 3,5 2 1 , 8 5 7 14 7 , 0 2 5 74 8 , 4 6 5,2 5 6 , 5 1 0 15 Di s t b u o n o f U n e 1 4 Ln 1 4 J 1 4 a 10 0 . 0 0 0 0 % 40 , 3 7 2 8 % 4.0 0 1 4 % 3, 6 3 2 0 % 18 . 9 2 8 8 % 0. 7 9 0 2 % 4. 0 2 8 % 28 . 2 5 2 0 % 16 2 1 1 0 L a n d A . . e t .L n 1 2 - 17 2 0 0 1 T P I S x l n d Ln 1 4 - 1 6 18 , 6 0 5 , 7 9 0 7,5 1 1 , 6 7 4 74 4 , 4 9 8 67 5 , 7 6 1 3,5 2 1 , 8 5 7 14 7 , 0 2 5 74 8 , 4 6 5,2 5 6 , 5 1 0 18 Di s r i b u o n o f U n e 1 7 Ln 1 7 1 1 7 a 10 0 , 0 0 0 0 % 40 . 3 7 2 8 % 4,0 0 1 4 % 3. 6 3 2 0 % 18 . 9 2 % 0.7 9 2 % 4. 0 2 8 % 28 . 2 5 2 0 % 19 2 0 0 2 P r o p H i d F u t T e l m U s e ,L n 6 20 2 0 0 3 P l a n t U n d e r C o n s t r u c t i o n ,L n 1 0 41 2 , 1 0 0 16 6 , 3 7 6 16 , 4 9 0 14 , 9 6 7 78 , 0 0 6 3, 2 5 6 18 , 5 7 8 11 8 , 2 6 21 2 0 5 T e l e c m P l a n t A d j u s t m e t ,L n 1 4 22 T O T A L T E L E C O M P L A Ln 1 4 + 1 9 . . 2 1 19 , 0 1 7 , 8 8 9 7,6 7 8 , 0 5 0 76 0 , 9 8 8 69 0 , 7 2 3,5 9 9 , 8 8 2 15 0 , 2 8 1 78 5 , 0 4 5,3 7 2 , 9 3 6 23 1 2 2 0 M a t e r I a l s a n d S u p p i e s ,L n 2 0 12 4 , 7 7 6 46 , 2 0 8 2,8 7 2 5,1 4 0 27 , 2 0 4 1, 0 5 9 2,2 8 4 40 , 2 1 0 24 1 5 0 0 O t h e r J u r i s A s s e t e t ,lo 1 4 25 3 1 0 0 A c c u m u l a e d De p r e c a t i o n ,L n 2 8 10 , 1 8 5 , 7 9 3 3,7 0 6 , 5 0 35 , 8 8 8 - 21 9 , 3 7 9 1,9 5 3 , 7 0 5 61 , 9 3 4 37 1 , 2 5 5 3,5 1 3 , 1 3 0 26 E q u a l A c c e - A c c u m D e p r e c i a t i o n ,L n 2 4 - 27 3 2 0 A c c D e p - H i d f o F u t U s e ,L n 3 0 28 3 4 0 A c c u m A m o r t T a n g i b l e ,L n 3 1 . . 3 2 29 3 5 0 0 A c u m A m o r t I n t n g i b l e ,lo 3 3 30 3 6 0 A c c u m A m o r t . . e r ,L n 3 4 - 31 4 1 0 0 N e t C u r D e f O p I n c T a x e s ,L n 4 - 32 4 3 4 0 N o n c u r D e f O p e r I n c T a x ,L n 6 45 , 5 9 7 18 . 0 9 1, 8 2 1, 6 5 8,6 3 1 36 1,8 3 12 , 8 6 2 33 E q u a l A c s s _ D e f e r r e d O p e r I n c T a x e s ,L n 2 5 - 34 4 3 6 0 O t e r D e f r r e d C r e d î t e t ,L r i 7 35 4 3 7 0 O t e r J u r l i a b & D e f C r e d i t s e t ,L n 6 - 36 N E T T E L E C O M P L A A Ln 2 2 + 2 3 - 2 4 . . 3 5 8, 9 1 1 , 2 7 6 3,9 9 9 , 3 4 7 40 1 , 9 4 7 47 4 , 8 3 4 1,6 6 4 , 7 3 0 89 , 0 4 5 39 4 , 2 3 8 1,8 8 7 , 1 3 4 37 D i s t I b u t i o n o f L I n e 3 6 Ln 3 6 3 6 a 10 0 . 0 0 0 0 % 44 . 8 7 9 6 % 4, 5 1 0 5 5.3 2 8 5 % 18 , 6 8 1 2 % 0.9 9 9 2 % , 4.4 2 4 0 % 21 . 1 7 6 9 38 1 4 0 2 R u r a T e l B a n k S t o c k B ,L n 1 8 - 39 C a s h W o r k i n g C a p i l C ,L n 2 1 13 0 , 5 0 9 55 , 8 3 9 5,0 7 1 4, 6 2 7 24 , 5 6 90 0 5,1 0 5 34 , 4 0 1 40 E q u a l A c c e . U n a m o r t i z e d E x p e n s e 0 ,L n 2 6 41 I n v e s e n t A l 0 Y s a U o w E ,L n 1 42 A o c u m D e p r / A m o r t A I D i s a l o w F ,l o 7 2 - 43 4 0 4 0 C u s m e r D e p o i t G ,L n 3 7 3,8 2 3 1, 5 4 3 15 3 13 9 72 4 30 15 4 1,0 8 0 44 4 3 1 0 O t e r L o n T e r m U a b . H ,L n 5 7 45 O t r T e l m P I A d j u s t I Re c r d 46 N E T T E L E C O M P L T & O T H R A T E B A S E I T E M S A+ B . . F + I ~ G + H ) 9, 0 3 7 , 9 6 4, 0 6 , 6 4 2 40 6 , 8 8 5 47 9 , 3 2 3 1,6 8 8 , 5 7 2 89 , 9 1 5 39 9 , 1 9 0 1,9 2 0 , 4 5 5 47 D i S t r i b u i o n o f L i l i e 4 6 Ln 4 6 4 6 10 0 . 0 0 0 % 44 . 8 5 1 3 % 4,5 0 1 7 % 5. 3 0 3 % 18 , 6 8 1 % 0. 9 9 4 4. 4 1 6 8 % 21 . 2 4 8 8 % Pr o p r i e t r y I n f o r m a t n Mo s A d a m , L L P Ve r s o n 3. 2 20 1 2 3 4/9 1 2 0 0 8 Ca m b r i d g e T e l e p h o n e C o m p a n y , I n c . St u d y A r e a : 4 7 2 2 1 5 St u d y Y e a r : 20 6 SE P A R A T E D E X P E N S E S U M M A R Y s- ii i i ! . ) / . . . . , ). , ' .. .. . . / / / . , ; c 1 . . . )) . . : i i i . /. c .. . . . . . . ci / i ;; . 1 . ; . . . . . . c . LD ~ t ~ . . . . . . . . . : . 2 / / 1 ; " TO T A L In t e r t T A In t . . L A T A ~~ \ G I m e n . A I A P L MS G I n l r a L A T A P L EA S Us e r Oth e r CO M P A N Y MS G PL MS G PL De f n e d .." " . , - ~" ~ ~ R I P T I O N SO U R C E (a ) (b ) (e ) d\ (e f ( a ) (h i i i ii (k l /1 1 P i t S p e c E x p A c e 6 2 1 0 , 6 2 2 0 2 6 2 0 , 6 3 1 0 , 6 4 1 0 ,L n 3 D 56 6 , 1 9 5 23 4 , 3 4 6 27 , 7 1 1 18 , 7 7 1 96 , 8 5 4 4,2 2 5 28 , 8 0 5 14 5 , 4 8 2 3 P I N o n s p e A c c o u n t 6 5 3 0 ,L n 1 9 20 , 6 2 8 8,3 2 8 82 5 74 9 3, 9 0 5 16 3 83 0 5,8 2 8 4 C u s t O p e r A c c 6 6 1 0 , 6 6 2 0 ,L o S 7 17 0 , 7 8 0 59 , 4 3 7 73 3 5,5 6 45 , 8 3 5 44 3 58 , 7 4 8 5 T O T A L B I G T H R E E E X P E N S E S Ln 2 . . 4 74 7 , 5 8 3 30 2 , 1 1 3 29 , 2 6 9 25 , 0 8 4 14 6 , 5 9 3 4,8 3 1 29 , 6 3 5 21 0 , 0 5 6 D i s t r i b u t i o n o f L i n e 5 Ln 5 l 5 a 10 0 , 0 0 0 0 % 40 . 4 1 1 9 % 3.9 1 5 2 % 3.3 5 5 % 19 . 6 0 8 9 % 0. 6 4 % 3.9 6 1 % 28 . 0 9 8 2 % 7 P l a n t S p e c i f i c E x p n s e ,L n 3 1 72 3 , 8 7 1 30 2 , 0 4 3 34 , 4 2 0 24 , 8 6 1 12 8 , 5 9 3 5,5 5 0 35 , 5 5 0 19 2 , 8 5 4 8 P l a n t N o n s p e c f i c E x p e n s s .L n 4 4 1.2 1 2 , 7 8 4 57 2 7 3 2 31 , 8 6 33 , 7 4 5 19 7 , 6 8 9 5,4 6 1 29 , 7 7 9 34 1 , 5 1 3 9 C u s t o m e r O p e r a i o n s E x p e n s e s ,L n S ? 17 0 , 7 8 0 59 , 4 3 7 73 3 5,5 6 45 , 8 3 5 44 3 58 , 7 4 8 10 C o r p o r a t e O p e r a t i o n s E x p e n s e s ,L n 1 6 61 8 , 0 3 0 26 , 0 2 22 , 9 3 1 19 , 6 5 3 11 4 , 8 5 0 3,7 8 5 23 , 2 1 8 16 4 , 5 7 2 11 7 3 0 0 C o n i b u t i o n s ,L n 1 6 9,6 4 7 4,2 8 6 36 5 31 3 1,8 3 0 60 37 0 2,6 2 2 12 T O T A L O P E R A T I N G E X P E N S E S Ln 7 . . 1 1 2,7 3 5 , 2 9 2 1, 2 0 7 , 5 2 0 90 , 3 1 6 84 , 1 3 5 48 8 , 7 9 6 15 , 2 9 8 88 , 9 1 7 76 0 , 3 0 9 13 O p e r a t n g T a x e s .L n 2 6 36 , 1 6 9 15 , 0 4 5 1,4 1 8 1,2 8 7 6, 7 0 6 28 0 1, 4 2 5 10 , 0 0 9 14 E q u a l A c c e E x p e s e ,L n 3 S 15 E x p e s e A l I n c e i s a l l ò w n c e s ,L n 4 0 13 1 59 6 7 24 1 6 28 16 5 2 4 0 R e n t R e v u e s ,L n 4 3 17 T O T A L O P E R A T I N G E X P & T A X E S Ln 1 2 + 1 3 . . 1 5 - 1 6 2,7 7 1 , 5 9 2 1, 2 2 2 , 8 2 4 91 , 7 4 0 85 , 4 2 9 49 5 , 5 2 15 , 5 7 9 90 , 3 4 8 77 0 , 3 4 18 D i s t r i b u i o n o f L i n e 1 7 Ln 1 7 / 1 7 a 10 0 . 0 0 0 0 % 44 . 1 1 2 7 % 3.3 1 0 0 % 3.0 8 2 3 % 17 . 8 7 8 8 % 0.6 6 2 1 % 3.2 5 9 8 % 27 . 7 9 4 3 % 19 T o t l D e p r & A m o ,L n 4 3 1,1 7 0 , 4 4 1 54 2 , 6 8 9 31 , 0 4 1 32 , 9 9 5 19 3 , 7 8 4 5,2 9 8 28 , 9 5 0 33 5 , 6 8 20 F i x e d C h a r g e s ,L n 2 4 24 3 , 6 6 6 10 9 , 4 4 2 10 , 9 9 9 12 , 9 9 4 45 , 5 5 5 2,4 3 7 10 , 7 6 6 51 , 6 4 1 21 T o t l O p e t i n g R e v e n u e ,L n 3 3 22 T o t l O p e r a n g E x p e s e & T a x e s Ln 1 7 2,7 7 1 , 5 9 2 1, 2 2 2 , 6 2 4 91 , 7 4 0 65 , 4 2 9 49 5 , 5 2 6 15 , 5 7 9 90 , 3 4 8 77 0 , 3 4 6 23 U n c o l l e c t i b l ,L n 5 7 24 F i x e d C h a r g e s Ln 2 0 24 3 , 8 6 6 10 9 , 4 4 2 10 , 9 9 9 12 , 9 9 4 45 , 5 5 5 2,4 3 7 10 , 7 8 8 51 , 6 4 1 25 I n C e A d j u s t m e n t ,L n 6 3 26 N e t I n c o m e Ln 2 1 . . 2 5 (3 , 0 1 5 , 4 4 6 ) (1 . 3 3 2 , 0 6 ) (1 0 2 , 7 3 9 ) (9 8 , 4 2 3 ) (5 4 1 , 0 8 1 ) (1 6 , 0 1 6 ) (1 0 1 . 1 3 6 ) (8 2 1 , 9 8 ) 27 D i s t r i b u t i o n of L i n e 2 6 Ln 2 5 a 10 0 , 0 0 0 0 % 44 . 1 7 4 7 % 30 4 0 7 1 % 3, 2 6 % 17 . 9 4 3 7 % 0.5 9 7 5 % 3. 3 5 3 9 27 . 2 5 9 2 26 T O T A L C A S H O P E R E X P E N S E S Ln 1 7 + 1 6 - 1 9 + 2 0 1, 8 4 5 , 0 0 7 78 9 , 3 7 7 71 , 6 9 8 65 , 4 2 6 34 7 , 2 9 7 12 , 7 1 9 72 , 1 8 7 48 6 , 3 0 1 29 D i s t r i b u t o n o f L i n e 2 8 Ln 2 8 J 8 a 10 0 . 0 0 0 0 % 42 . 7 8 4 5 % 3.8 8 6 1 % 3.5 4 2 % 18 . 8 2 3 6 0.6 8 9 4 % 3.9 1 2 5 % 26 . 3 5 7 7 % I IN C O M E T A X C A L C U L A T i O N I 31 O t e r O p e r a i n g I n c o e ,L n 3 2 32 A F U D C ,L n 1 5 23 , 0 5 3 9,3 0 7 92 83 7 4, 3 6 18 2 9T 6,5 1 3 33 O p e a t i n g R e v e n u e ,L n 3 3 - n 3 1 34 U n c o i l ed i b l e R e v e n u e .L n 5 7 34 I n c o m e E f f e c J u r i s i c t i o n a l D i f f r e n c e ,L n 6 0 34 I R S I n c o e A d j u s t e n t ,L n 6 35 T O T A L R E V E N U E & O T H E R I N C O M E Ln 3 1 . . 3 4 23 , 0 5 3 9,3 0 7 92 83 7 4,3 6 4 18 2 92 7 6, 5 1 3 36 C o n t r i b u t o n ,L n 1 6 9, 8 4 7 4,2 8 6 36 31 3 1,8 3 0 60 37 0 2, 6 2 37 O p e r a i n g E x p e n s e s Ln 1 2 ~ L n 1 1 2, 7 2 5 , 4 4 5 1, 2 0 3 , 2 3 69 , 9 5 1 63 , 8 2 2 48 6 , 9 6 15 , 2 3 6 66 , 5 4 7 75 7 , 6 8 6 38 O p e a t n g T a x e s ,L n 2 6 36 , 1 6 9 15 , 0 4 5 1,4 1 8 1, 2 8 7 6,7 0 6 28 0 1,4 2 5 10 , 0 0 9 39 F i x e d C h a r g e s ,L n 2 4 24 3 , 8 6 6 10 9 , 4 2 10 , 9 9 9 12 , 9 9 4 46 , 5 5 2, 4 3 7 10 , 7 8 8 51 , 6 4 1 40 T O T A L O P E R A T I N G E X P E N S E S Ln 3 6 . . 3 9 3,0 1 5 , 3 1 7 1,3 3 2 , 0 0 7 10 2 , 7 3 3 98 , 4 1 6 54 1 , 0 5 7 18 , 0 1 5 10 1 , 1 3 0 82 1 , 9 5 9 41 S t a t e T a x b l e I n c o m e Ln 3 5 4 0 (2 , 9 9 2 , 2 6 (1 , 3 2 , 7 0 0 ) (1 0 1 , 8 1 1 ) (9 7 , 5 7 9 ) (5 3 , 6 9 3 ) (1 7 , 8 3 3 ) (1 0 0 , 2 0 3 ) (8 1 5 , 4 4 ) 42 S t a t e I n c o m e T a x 8,2 2 5 0 % (2 4 6 , 1 1 4 ) (1 0 8 , 7 9 2 ) (8 , 3 7 4 ) (8 , 0 2 6 ) (4 4 , 1 4 3 ) (1 , 4 6 7 ) (8 , 2 4 2 ) (6 7 , 0 7 0 ) 43 F e d e r a l T a x b l e I n c o m e Ln 3 5 L n 4 0 (2 , 9 9 , 2 6 ) (1 , 3 2 2 , 7 0 0 ) (1 0 1 , 8 1 1 ) (9 7 , 5 7 9 ) (5 3 6 , 6 9 3 ) (1 7 , 8 3 3 ) (1 0 0 , 2 0 3 ) (6 1 5 , 4 4 ) 44 S t a e I n c e T a x Ln 4 2 (2 4 6 , 1 1 4 ) (1 0 6 , 7 9 2 ) (6 , 3 7 4 ) (6 , 0 2 ) (4 4 , 1 4 3 ) (1 , 4 6 7 ) (6 , 2 4 2 ) (6 7 , 0 7 0 ) 45 N e t F e d e r a l T a x a b l e I n c o e Ln 4 3 L n 4 4 (2 , 7 4 6 , 1 5 0 ) , ( 1 , 2 1 3 , 9 0 8 ) (9 3 , 3 7 (8 9 , 5 5 ) (4 9 , 5 5 0 ) (1 6 , 3 6 ) (9 1 , 9 6 1 ) (7 4 8 , 3 7 5 ) 46 F e d e r a l I n c o m e T a x 34 . 0 0 0 0 % (9 3 3 , 6 9 1 ) (4 1 2 , 7 2 9 ) ;.( 3 1 , 7 6 9 ) (3 0 , 4 4 8 ) ~ ' (1 6 7 , 4 6 7 ) (5 , 5 6 ) (3 1 , 2 6 7 ) (2 5 4 , 4 4 8 ) 47 A m o r t i z t i o n o f I n v e s m e n t T a x C r e d i t ,L n 4 4 (9 3 3 , 6 9 ~ 13 1 , 7 6 ~ (3 O , 4 4 ~ \ (1 6 7 , 4 6 i ) '3 1 , 2 6 i 48 F e d e r a l In c m e T a x Ln 4 7 /4 1 2 , 7 2 9 1 - 55 6 25 , 4 4 8 Pr o p r i e t a r y I n f o r m a t i O n Mo s s A d a m s , L L P Ve r s n 3.2 3 of 23 41 2 9 1 2 0 0 8 Ca m b r i d g e T e i e p h o n e C o m p a n y , I n c . std y A r e a : 4 7 2 2 1 5 St u d y Y e a r : 2 0 0 GE N E R A L S U P P O R T F A C I L I T I E S 5- i. ' C C Y. ;" . . . . . . . . . . . . . . c . . . Y U ' ; ~' . . . . . . / ' i i . i y ; ; " . . . i i . i , y ' ; Y , i ' i i i ' ; . C Y ii i ; / i i i i . L ~ ~ \ ; ' i ;i e i ; ; i i ; TO T A L Irr e r L A T A Irr r a L A T A MI ~ G I m e r L I A P L MS G I n l r o L A T A P L EA S Us e r Ot h e r CO M P A N Y MS G ~~ ~: , ;.~ De f n e d -" . - __ _ ~ R I P T I O N SO U R C E 0 (b l I) 1 0 ) (h i Iii ii Ik l II S A C O R S 1 C a r r i e r C l a s s i f c a o n Re c r d s B 2 B i g T h r e e E x p e n s D l e t r ,L r i 10 0 . 0 0 0 % 40 . 4 1 1 9 % 3.9 1 5 2 % 3.3 5 5 4 % 19 . 6 0 9 % 0.6 4 2 % 3. 9 6 1 % 28 . 0 9 8 2 % 3 T o t l C O E I O T C & W F D i s t r ,L n B 10 0 . 0 0 0 0 % 40 . 3 7 2 8 % 4. 0 0 1 4 % 3.6 3 2 0 % 18 . 9 2 8 8 % 0.7 9 0 % 4. 0 2 8 % 28 . 2 5 2 0 % LA N D & S U P O R T A S S E T S S E P A R A T I O N 4 2 1 1 0 L a n d & S u p p o r t A s 5 Su p p o r t A s e t s o i n t x l G S F - B & C No t e 1 3, 0 0 9 , 1 8 5 1,2 1 4 , 8 9 2 12 0 . 4 1 1 10 9 , 2 9 3 56 , 6 0 3 23 , 7 7 9 12 1 , 0 5 2 85 0 , 1 5 5 6 Ge n e r a l S u p p o r t F a c i l l t i e s ~ B & C No t e 1 . 7 Di r e c t A s i g n m e n t Di r e c 8 To t l S u p p r t A s lo 5 . . 7 3, 0 0 9 , 1 8 5 1,2 1 4 , 6 9 2 12 0 . 4 1 1 10 9 , 2 9 3 56 , 6 0 3 23 , 7 7 9 12 1 , 0 5 2 65 0 , 1 5 5 9 Dis r i b u t i o n o f U n e 8 lo 8 l 8 a 10 0 . 0 0 0 40 . 3 7 2 8 % 4. 0 0 1 4 % 3.6 3 2 0 % 16 . 9 2 8 8 % 0.7 9 0 2 % 4. 0 2 6 % 28 . 2 5 2 0 % 10 La n d No t 1 11 Dir e c A s s i g n m e n t Dir e c t . 12 To t a l L a n d Ln 1 0 . . 1 1 - 13 T O T A L L A N D & S U P P O R T A S S E T S lo 8 + 1 2 3, 0 0 9 , 1 8 5 1,2 1 4 , 8 9 2 12 0 . 4 1 1 10 9 , 2 9 3 56 . 6 0 3 23 , 7 7 9 12 1 , 0 5 2 85 , 1 5 5 14 D l s t r l b u i o n o f L i n e 1 3 Ln 1 3 1 1 3 a 10 0 . 0 0 0 0 % 40 . 3 7 2 8 % 4. 0 0 1 4 % 3.6 3 2 0 % 18 . 9 2 8 8 % 0. 7 9 0 2 % 4; 0 2 8 % 28 . 2 5 2 0 % No t 1: If C a r r i e r C l a s s f i c a n = A , t h e n If C a r r i e r C l a s i f i e a o n = B , t h e n Ln 5 a * 2 . L n 6 a " 2 , L n 1 0 a * 2 Ln S a " 3 , L n 6 a " 3 , L n 1 0 a " 3 Pr o p r i e t a r y I n f r m a t i o n Mo s s A d a m s ; L L P Ve r s n 3.2 4 of 23 Ca m b r i T e l p h o n e C o m p a n y , I n c . st u d y A r e a : 4 7 2 1 5 St d y Y e a : 2 0 0 6 LI N E D E S C R I P T I O N SE P A R A T i o N S F A C T O R S 1 W S W S P e t - S w i c h b o a r d s 2 W S W S P e t - D i r e c t o r y A s s i s t a n c e 3 S u b U n e M O V P e t 4 S O B T o l l M O V P e t 5 W S W S P c t - T S P S O p e r P o t i o n 6 R e a l P r o c e s s o r T i m e P c t o o T A 7 R e a l P r o c e s s o r T i m e P e t - T S P S 8 R E L M O U ' s ~ T a n d e m S w i c h i n g 9 T r a n s M e a s u r e d O E M P e t CO E C A T E G O R I E S 1 - 3 S E P A R A T I O N 10 2 2 0 O p e r a o r S y s t e m s 11 C a t 1 - C p e o r S y s t e m s 12 L a c T o l I , O S A , D S B , a n d 13 T r a f f c S w i c h b o r d s 14 A u x - D i r e c A s i s t 15 A u x ~ l n t e r c e p t 16 . . E x c h & T a l S O B 17 T S P S - C p e r P o s i t i o n 18 T S P s - T A 19 T S P s . h e r 20 D i r e c t A s i g n m e n t 21 T o t C a t 1 22 D i s r i b u i o n o f L i n e 2 1 23 T O T A L C O E - O P E R A T O R 24 D i s t r i b u t i o of L i n e 2 3 25 2 2 1 0 C e n t r a l O f f c e S w i t c h i n g 26 C a t 2 - T a n d e m S w i t c i n g 27 D i r e c t A s i g n m e n t 28 T o t a l C a t 2 29 D i s t r i b u o n o f L i n e 2 8 3031 C a t 3 - o c l S w i c h i n g - T S 32 C a t 3 - o c a l S w c h i n g - N T S 33 D i r e c t A s s i g n m e 34 T o t a l C a t 3 35 D i s r i b u i o n o f U n e 3 4 36 T O T A L C O E - S W I T C H I N G 37 D i s t r i b u t i o n o f L i n e 3 6 Pro p r i e r y I n f o r m a t i o n Re c r d Re c r d s Re c r d Re c r d s Re c r d s Re c r d Re c r d s Re c r d s Re c r d s Ln 1 3 a " ' 1 Ln 1 4 a " ' 2 Ln 1 5 a " ' 3 Ln 1 6 a " ' 4 Ln 1 7 a " ' S Ln 1 8 a " ' S Ln 1 9 a " ' 7 Dir e c Ln 1 3 . . 2 0 Ln 2 1 1 2 1 a Ln 2 1 Ln 2 3 Ln 2 6 a " ' S Dir e c t Ln 2 6 . . 2 7 Ln 8 1 8 a Ln 3 1 a " ' 9 Ln 3 2 a " ' 9 Dir e c Ln 3 1 . 3 3 Ln 3 4 4 a Ln 2 S + 3 4 Ln 3 6 3 6 41 9 1 0 0 8 CE N T R A L O F F I C E E Q U I P M E N T SO U R C E TO T A L CO M P A N Y a MS G b) 10 0 . 0 0 0 0 % 32 1 3 8 0 % 10 0 . 0 0 0 % 85 . 0 0 0 0 % 1,3 7 5 , 9 3 5 1,1 6 9 , 5 4 20 6 , 3 9 0 1,3 7 5 , 9 3 5 1, 1 6 9 , 5 4 5 20 6 , 3 9 0 10 0 . 0 0 0 % 85 . 0 0 0 0 % 15 . 0 0 0 0 % 1,3 7 5 , 9 3 5 1,1 6 9 , 5 4 5 20 6 , 3 9 0 10 0 . 0 0 0 % 85 . 0 0 0 0 % 15 . 0 0 0 0 % Mo s A d a m s . L L P Ve r s 3.2 So f 2 3 Ca m b r i d g e T e l e p h o n e C o m p a n y , I n c . St u d y A r e a 4 7 2 2 1 5 St u d y Y e a r : 2 0 0 6 41 9 1 0 8 CE N T R A L O F F I C E E Q U I P M E N T SO U R C E SE P A R A T I o N S F A C T O F f S . (I ) 38 W B L i n e 39 E x Trk WB 40 R E L M O V ' s . . E x c h a n g e T r u n k 41 G r o s s A l l o c a t o r ( T r a n s S P F ) 42 C O E C a t 4 . 2 1 M F ù m t o Ot h e r s P c t 43 I n t e r e x c h a n a e T r l ,ö l ' ' i 4 S E P A R A T I O N 44 2 2 3 0 C e n a l O f f c e : : - r r a n S : m i s s i o n 45 C a t 4 . 1 - E x c h a n g e C i r c u i t 46 4 . 1 1 W i d e b a n d l n e 47 D i r e c t A S i g n m e n t 48 4 . 1 2 E x c h T r u n k . . E A S 49 E x T r k x M M B a s i c 50 E x T r k X / - B a s i c D A 51 E x Tr k W B 52 E x c h T r k W B - D i r e c t A s s i g n m e n t 53 4 . 1 3 E x L i n e x l B 54 J o i n t M S G 55 P L & L o c l 56 D i r e c A s i g n m e n t - B a s i c S p e i a l 57 C a t 4 . 2 M l n t e r e x c h n g e 58 4 . 2 1 F u m t o O t h e r s 59 4 . 2 2 W 1 d e b a n d 60 J o i n t M S G 61 P L 62 D i r e c t A S i g n m e n t UN E D E S C R I P T I O N AS S I G N M E N T O F C O E C A T 4 . 1 3 63 C O E C a t 4 . 1 3 W o r k i n g L o o s 64 C O E C a t 4 . 1 3 A s l a n e d I n v e s No t e 1: Co s p e r l o p = Pr o p r i e t a r y I n f o r i o n Re c o r d s Re o o d s Re c r d Re c o r d s Re c o r d s~Ln 4 6 a ~ 3 8 Dir e c t Dir e c Ln 4 9 a " 4 0 Dir e c t Ln 5 1 a " 3 9 Dir e c t Ln 6 4 b " 4 1 Ln 6 4 c " i Dir e c t Ln 5 B a " 4 2 Ln 6 0 a " 4 3 Dir e c Dir e c Re c r d s No t e 1 50 . 0 0 0 35 5 , 0 6 2 44 0 , 1 9 5 44 0 , 1 9 5 1,4 4 3 , 3 4 3 10 , 8 2 1 72 1 , 6 7 1 TO T A l : CO M P A N Y . 2,0 8 3 1. 4 5 4 . 1 6 3 7 4,5 3 6 2,0 6 8 1. 4 4 3 , 3 4 3 9 6, 2 8 3 69 8 . 1 1 0 1 Mo A d a m s , L L P Ve r s n 3.2 6 of 23 41 2 9 1 0 8 Ca m b r i T e l e p h o n e C o m p a n y , I n c . Std y A r e a : 4 7 2 2 1 5 st Y e a r : 2 0 0 RA T I o N S F A C T O R S 65 C o n v e r s o n M i n u t e s P e t Re c r d s 66 H o s e m o t M O U M i l e s P e t Re c r d s CO E C A T E G O R Y 4 S E P A R A T I O N ( C o n t ) I 67 4.2 3 A l l O t e r 68 Jo i n t M S G lo 8 ? 6 4 I 1,0 4 7 , 8 0 8 1 71 3 , 2 2 2 12 8 , 3 2 5 20 6 , 2 6 1 69 PL . T W & L o c a l Ln 8 2 c . . i 33 , 7 3 6 15 , 8 7 6 70 Dir e c A s i g n m e n t ø N o n a c c Oi r e c t 71 Ca t 4 . 3 - o s t I e m o t e M S G 72 Jo i n t ( x N A T S ) Ln 7 2 a " 6 6 I 61 8 , 1 4 3 1 26 4 , 8 7 4 5, 3 8 4 _ 16 6 , 1 8 8 _ 18 1 , 6 9 7 73 WA T S Di r e c t 74 Dir e c A s s i g n m e n t Di r e c t 75 To t a l Ca t 4 Ln 4 6 . . 6 2 + 6 7 . . 7 4 3, 9 9 0 , 9 8 1,3 3 8 , 9 3 2 40 5 , 0 3 1 14 5 , 0 3 9 72 1 , 9 5 4 36 , 4 6 44 0 , 1 9 5 90 3 , 3 6 76 T O T A L C O E - T R A N S M I S S I O N lo 7 5 3,9 9 0 , 9 8 0 1,3 3 8 , 9 3 2 40 5 , 0 3 1 14 5 , 0 3 9 72 1 , 9 5 4 36 , 4 6 44 0 , 1 9 5 90 3 , 3 6 77 D i s I b u t i o n o f L i n e 7 6 lo 7 6 1 6 a 10 0 . 0 0 0 0 % 33 . 5 4 9 0 % 10 . 1 4 8 7 % 3.6 3 4 2 % 18 . 0 8 9 6 % 0.9 1 3 6 % 11 . 0 2 9 7 % 22 . 6 3 5 2 % 78 T O T A L C E N T R A L O F F I C E E Q U I P lo 2 3 + 3 6 7 6 5, 3 6 , 9 1 5 2, 5 0 8 , 7 7 40 5 , 0 3 1 14 5 , 0 3 9 72 1 , 9 5 36 , 6 0 44 0 , 1 9 5 1,1 0 9 , 7 5 8 79 D i s t r i b u t i o n o f L i n e 7 8 lo 7 8 1 8 a 10 0 . 0 0 0 0 % 46 . 7 3 9 6 % 7. 5 4 8 % 2.7 0 2 5 % 13 . 4 5 1 9 % 0.6 7 9 3 % 8. 2 0 2 0 % 20 . 6 7 7 8 % CE N T R A L O F F I C E E Q U I P M E N T LI N E D E S C R I P T I O N S O U R C E As s I G N M E N T O F c O E C A T 4 . 2 3 i 80 C O E C a t 4 . 2 3 T e r m s - R e c r d s -J o i n t M e s s a g e T o t a l T e r m i n a o n s 81 C O E C a t 4 . 2 3 - T e r m s N o t e 1 82 - J o i n t M e s s a g e T o t a l A n o c a t e d I n v e s m e n t N o t e 1 TO T A L CO M P A N Y a 27 326 1,0 8 1 , 5 4 5 1,0 4 7 , 8 0 8 17 , 8 6 0 15 , 8 7 8 No t 1: Co s t p e r t e r m i n a t i o n = 3, 9 6 . 9 7 Pr o p r i e t a r y I n f o r m a t i o n Mo s A d a m s ; L L P Ve r s 3.2 70 1 2 3 Ca m b r i d g e T e l e p h o n e C o m p a n y , I n c . St u d y A r e a : 4 7 2 1 5 St u d y Y e a r : 2 0 0 6 LI N E D E S C R I P T I O N SE P A R A T i O N S F A C T O R 1 G r o s A l l o c o r ( T r a n s S P F ) 2 R E L M O U ' s ~ C o i n l e s s P u b T e l lO T E Q U I P M E N T S E P A R A T I O N 32 3 1 0 I n f o O r i g T e r m E q u i p 4 C a t 1 . . h e r l O T 5 C o i n l s P u b T e l E q 6 D i r e c t A s s i g n m e n t 7 T o t l C a t e g o r y 1 8 D i s r i b u i o n o f L i n e 7 9 C a t 2 - C u s t P r e m E q u i p 10 D i s r i b u i o n o f L i n e 9 11 T O T A l l N F O O R I G I T E R M E Q U I P 12 D i s t r i b u t i o n o f L i n e 1 1 Pr o p r i e t a r y I n f o r m a t o n Re c o r d s Re c r d s Ln 4 a ' 1 Ln 5 a " 2 Dir e c t Ln 4 . . 6 Ln 7 / 7 a Dir e c t Ln 9 l 9 a Ln 7 + 9 Ln 1 1 / 1 1 a 41 2 9 1 2 0 0 8 IN F O R M A T I O N O R I G I N I E R M E Q U I P M E N T 5- SO U R C E Mo s A d a m s , L L P V.r s n 3 . 2 8 of 23 Ca m b r i d g e T e l e p h o n e C o m p a n y , I n c . Std y A r e a : 4 7 2 2 1 5 St u d y Y e a r : 2 0 0 'A R A T I O N S F A C T O R S 1 G r o s s A l l o c a t o r P e t ( T r a n s S P F ) 2 R E L M O V ' s . E x c h a n g e T r u n k 3 W B U n e 4 M O U P e t - E x T r k w e C& W F C A T 1 - 2 S E P A R A T I O N 52 4 1 0 C a b l e & W i r e F a c i l i t e s 6 C a t 1 . . x c h L i n e x N B 7 1 . 1 I n t a P L & W A T S 8 1 . 2 l n t e r P L & W A T S 9 1 . 3 J o i n t l y U s e d 10 D i r e c t A s i g n m e n t 11 T o t l C a t e g o r y 1 12 C a t 2 . W 8 & E x c h T r u n k 13 E x T r k - j o i n t m e s a g e 14 E x Tr k . E A S 15 E x U n e W B 16 W B U n e 17 W B T r u n k 18 W B Tr u n k DA 19 T o t l C a t e g o r y 2 LIN E DE S C R I P T I O N li OF C& W F CA T 1 20 C & W F C a t 1 W o r k n g L o o ~ 21 D i s t r i b u i o n o f L i n e 2 1 22 C a t 1 - E L i n e x M B No t 1: Co s t p e r l o o p = Pr o p r i e t a r y I n f o m a t i O n Re c r d s Re c r d s Re c r d s Re c r d s Ln 2 2 . . i Ln 2 2 c . . d Ln 2 2 b " 1 Dir e c t Ln 7 . . 1 0 Ln 1 3 a ' * Dir e c Ln 1 5 a " 3 Dir e c t Ln 1 7 a " 4 Dir e c t Re c r d s Ln 2 0 1 Ln 2 2 a " 2 1 41 9 1 0 8 CA B L E A N D W I R E F A C I L I T I E S SO U R C E 50 , 0 0 0 0 % 3, 1 9 9 , 5 9 2 3, 1 9 9 , 5 9 2 18 7 , 2 1 9 18 7 , 2 1 9 EA S Us e r De f n e d Ih ) oth e r SO U R C E 19 ) Ii ) 9 0.4 3 2 1 % 27 , 8 5 7 0.3 1 2 0 20 , 1 1 8 3,0 9 5 . 1 3 1 8 Mo s s A d a m s . L L P Ve r s i o n 3.2 90 f 2 3 Ca m b r i g e T e l e p h o n e C o m p a n y , I n c . st u d A r e a : 4 7 2 2 1 5 Std y Y e a r : 2 0 0 SE P A R A T I O N S F A I 23 I n t e r e x e h a n g e T r k w e 24 C M M P c t ~ X _ B 25 C & W F T W C o n n e c t M i n M i l e s P c t - l T 26 C & W F T W C o n n e c M i n M i l e s P c t - R m t 27 H o s t / R e m o t e M O U M i l e s P c t C& W F C A T 3 - S E P A R A T I O N 28 C a t 3 - l n t e r e x c h a n g e C & W F 29 w e P L . D i r e c t A s s i g n m e n t 30 w e . J o i n t M e s a g e 31 J o i n t M S G x f B 32 P L , T W & L o _ B 33 J o i n t T W - I T 34 J o i n t T W - R m t 35 D i r e c A s s g n m e n . N o n a c c e 36 T o t l C a t r y 3 37 C a t 4 - o s t l R e m O t e C & W F 38 J o i n t (_ A T S ) 39 W A T S 40 D i r e c A s s i g n m e n t 41 T o t a l C a t e g o r y 4 42 T O T A L CA B L E & W I R E F A C I L I T I E S 43 D i s t r i b u t i o n o f L i n e 4 2 LI N E D E S C R I P T I O N AS S I G N M E N T O F C & W F C A T 3 44 E q u i v I X C l r e M i l e s M S G 45 . P L , T W & L o c a l 46 D i s t r I b u t i o n o f L i n e 4 4 47 D i s i b u t i o n o f L i n e 4 5 48 C a t 3 - O t h e r x l M S G 49 . p L T W & L o e a l No t e 1: Co s p e r c i r c u i t m i l e = Pr o p r i e r y I n f o r m a t i o n CA B L E A N D W I R E F A C I L I T I E S TO T A L CO M P A N Y (a ) Re c o r d s Re c o r d s 10 0 . 0 0 0 0 % Re c o r d s 10 0 , 0 0 0 0 % Re c o r d s 10 0 . 0 0 0 0 % Re c r d s 10 0 . 0 0 0 % Di r e c t 11 8 , 7 9 0 Ln 3 O " 2 3 Ln 4 8 b ' 2 4 3, 0 0 7 , 4 3 3 Ln 4 9 c . . l 60 , 8 2 7 Ln 4 9 j " 2 5 Ln 4 9 k " 2 6 Di r e c t Ln 2 8 . . 3 5 I 3, 1 8 7 , 0 5 0 I 2,0 4 7 , 1 0 0 Ln 3 8 a " 2 7 I 33 0 , 0 1 1 14 1 . 4 1 0 Di r e c t Di r e c t Ln 3 8 . . 0 33 , 0 1 1 14 1 . 4 1 0 Ln 1 1 +1 9 + 3 6 4 1 10 , 2 2 9 , 6 9 0 3,7 8 8 , 3 0 5 Ln 4 2 1 4 2 a 10 0 . 0 0 0 37 . 0 3 2 5 % TO T A L Jo i n t M S G CO M P A N Y Ex c l T W SO U R C E b Re c r d s 20 , 1 9 1 19 , 7 9 1 Re c d s Ln 4 4 4 4 a 10 0 . 0 0 0 % 98 . 0 1 7 5 % Ln 4 5 4 4 a Ln ' 4 6 3,0 5 8 , 2 6 0 3,0 0 7 , 4 3 3 Ln 4 8 s " ' 4 7 15 1 . 9 6 16 0 , 2 8 2 36 8 , 3 2 0 59 2 . 0 1 3 29 , 3 3 5 88 . 7 2 3 2, 8 7 4 2, 8 7 4 88 , 7 2 3 21 9 , 0 5 7 2. 1 4 1 4 % 42 1 , 4 2 8 4. 1 1 9 7 % 2, 2 3 0 , 2 9 9 21 . 8 0 2 % 86 , 7 8 8 0.8 4 8 4 % 18 7 , 2 1 9 1.8 3 0 1 % 41 9 1 2 0 0 8 29 , 3 9 4 0 % 97 , 0 0 3 97 , 0 0 3 IN T R A S T A T E T O L L In t e r I n t r LA T A L A T A . Re m o t e k 3,2 9 6 , 5 9 6 32 . 2 2 8 % if ; i E R S T A T E T O L L In t e r I n t r a LA T A L A T A c) ( d Oth e r Jt M S G T W In t e r t l EA S Us e r De f n e d h 12 0 28 0 1.3 8 7 2 % 0.5 9 5 3 % 42 , 5 6 3 18 , 2 6 Mo s s A d a m ; L L P Ve r s i o n 3,2 10 o f 23 41 2 9 1 2 0 0 8 Ca m b r i d g e T e l e p h o n e C o m p a n y , I n c . St d y A r e a : 4 7 2 1 5 Std y Y e a r : 2 0 0 AM O R T I Z A B L E A S S E T S 8- 6 i; ; \ . . . . . . . . . I ~ ' ~ ~ ~ I A i ~ d u 7 ' . . \ . . . T i ; ) d dd ) ; \ . . . . . . . . . . .' ; ... . . ; ; d . . . ; .. . . ; ; ; ; . ; ;; . . . ~ O C A L . ;; ; TO T A L In t e r L T A In t r o L A T A ,m e r L A I A Im r O L A I A ~A ~ us e r Oth e r CO M P A N Y MS G PL MS G PL MS G PL MS G PL De f n e d .. " " . . ~" v ~ R I P T l O N SO U R C E IO J (b 1 Ie ) d' /e t (g l Ih ti Ii) (k 1 II SE P A R A T O N OR S 1 L a n d & S u p p r t A s e t D i s t r ,L n 1 4 10 0 . 0 0 0 0 % 40 . 3 7 2 6 % 4.0 0 1 4 % 3.6 3 2 0 % 18 . 9 2 8 8 % 0.7 9 0 2 % 4.0 2 8 % 26 . 2 5 2 0 % 2 2 2 1 0 C O e - 8 v . c h D i s t r ,L n 3 7 10 0 . 0 0 0 0 % 85 . 0 0 0 0 % 15 . 0 0 0 3 2 2 0 C O E ; , p e t o r S y s t e m s D i s r ,L n 2 4 4 2 2 0 C O E - T r a n s m i s s i o n D i a t r ,L n 7 7 10 0 . 0 0 0 0 % 33 . 5 4 9 0 % 10 . 1 4 8 7 % 3.6 3 4 2 % 16 . 0 6 9 6 0.9 1 3 6 11 . 0 2 9 7 % 22 6 3 5 2 % 52 3 1 0 l O T D i s t r ,L n 1 2 62 4 1 0 C & W F D i s t ,L n 4 3 10 0 . 0 0 0 37 . 0 3 2 5 % 2.1 4 1 4 % 4. 1 1 9 7 % 21 . 6 0 2 % 0,8 4 8 4 % 1.8 3 0 1 % 32 . 2 2 8 % 72 0 0 1 T P I S ,L n B 10 0 , 0 0 0 40 . 3 7 2 8 % 4.0 0 1 4 % 3.6 3 2 0 % 16 . 9 2 8 6 % 0.7 9 0 2 % 4. 0 2 6 ' % 26 . 2 5 2 0 % 8 2 0 0 1 T P I S i n c l 2 6 8 0 8- 2 , L n 1 1 10 0 . 0 0 0 0 % 40 . 3 7 2 8 % 4.0 0 1 4 % 3.6 3 2 0 % 18 . 9 2 8 8 % 0.7 9 0 2 % 4.0 2 8 % 26 . 2 5 2 0 % TA N G I B L E A S S E T 8 - A P I T A L L E A S E S S E P 9 2 6 8 0 T a n g i b l e A s s e t . C a p i t a l L e a s e s 10 21 1 0 l a n d & S u p t A s s t s Ln 1 0 a * 1 11 22 1 0 C O E . . S W c h i n g Ln 1 1 a * 2 12 22 2 0 c o e - Q p e r a t o r Ln 1 2 a ' 3 13 22 3 0 C O E - T r a n s m i s s i o n Ln 1 3 a * 4 14 23 1 0 l O T Ln 1 4 a * S 15 24 1 0 C & W F Ln 1 5 a * 6 16 No t c i a s i f i e d b y a c c o n t Ln 1 6 a ' 7 17 Dir e c t A s s i g n m e n t Di r e c t . 16 T O T A L C A P I T A L L E S E S Ln 1 0 . . 1 7 19 D i s t r i b u o n o f U n e 1 8 Ln 1 8 1 1 8 a I TA N G I B L E A S S E T S - L E S E H L D I M P R O V E S E P I 20 2 6 8 0 T a n g i b l A s s . . L e a s e h l d I m p r o v e 21 21 1 0 L a n d & S u p t A s t s Ln 2 1 a * 1 . 22 22 1 0 C O E . . c h i n g Ln 2 2 a * 2 23 22 2 0 C O E . . p e o r Ln 2 3 a * 3 . 24 22 3 0 C O E - T r a n s m i s s i o n Ln 2 4 a * 4 25 23 1 0 l O T Ln 2 5 a * 5 26 24 1 0 C & W F Ln a * 6 27 No t c l a s s i f e d b y a c c o u n t Ln 2 7 a * 7 28 Di r e c t A s i g n m e n t Di r e c t 29 T O T A L L E A S E H O L D I M P R O V E M E N T S Ln 2 1 . . 2 8 30 D i s r i b u t i o n of L i n e 2 9 Ln 2 9 9 a 31 T O T A L T A N G I B L E A S S E T S Ln 1 8 + 2 9 32 D i s i b u t i o n o f L i n e 3 1 Ln 3 1 / 3 1 a I IN T A N G I B L E A S S E T S S E P A R A T I O N I 33 2 6 I n t a n g i b l e A s s t s Ln 3 3 a . 8 34 Dir e c A s i g n m e n t Dir e c 35 T O T A L I N T A N G I B L E A S S E T S Ln 3 3 . . 3 4 36 D i s t r i b u t i o n o f U n e 3 5 Ln 3 5 3 5 a . Pr o p r i e t r y I n f o r m a t i o n Mo s A d a m s ; L L P Vê r s n 3 . 2 11 of 23 Ca m b r ' i d g e T e l p h ö n e C o m p a n y , I n c . Stu d y A r e a : 4 7 2 1 5 Stu d y Y e a r : 2 0 0 LIN E DE S C R I P T I O N 'A R A T i o N S F A C T O ß SO U R C E 1 2 0 0 1 T P I S D i s t 2 2 4 1 0 C & W F D i s t r 3 E q u a l A c c e s M O V P c t OT H E R A C C O U N T S S E P A R A T I O N 42 0 0 P r o p H i d F u t T e l e c o m U s e 5 D i r e c A s i g n m e n t 6 T O T A L P R O P H L D F U T T E L E C O M U S E 7 D i s t r i b u t i o n o f L i n e 6 ,lo 1 5 ,L n 4 3 Re c r d s Ln 4 a * 1 Dir e c t Ln 4 . . 5 Ln 6 l 6 a 8 2 0 0 3 P i t U n d e r C o n s t r 9 D i r e c A s i g n m e n t 10 T O T A L P L T U N D E R C O N S T R 11 D i s t r i b u t i o n o f L i n e 1 0 Ln 8 a * 1 Dir e c t Ln 8 . . 9 Ln 1 0 1 1 D a 12 2 0 0 5 T e l e c o m P l a n t A d j u s t 13 D i r e c A s s i g n m e n t 14 T O T A L T E L E C O M P L A N T A D J U S T 15 D i s t r i b u t i o n o f L i n e 1 4 Mi s e A C C O U N T S S E P A R A T I O N 16 1 4 0 2 C l a B R T B s t o c Ln 1 2 a * 1 Dir e c t Ln 1 2 . . 1 3 lo 1 4 1 1 4 a Ln 1 6 a " 1 17 1 4 3 8 D e f r r e d e h a r g e s 18 1 2 2 0 M a e r i a l & S u p l x / C P E 19 D i r e c A s i g n m e n t 20 T O T A L M A T E R I A L S A N D S U P P L I E S Ln 1 7 a " 1 lo 1 8 a " 2 Dir e c t Ln 1 8 . . 1 9 21 C a s h W o r l d C a I e w e EQ U A L A C C E S S I N V E S T M E N T S E P A R A T I O N 22 E q u a l A C C G r o s I n v e s t m e n t L n 2 2 a * 3 23 E q u a l A c c e G r o s s I n v s t e n t - D A D i r e c t 24 A c c m D e p r e c i a t i o n L n 4 a " 3 25 D e f r r e d O p e r I n c T a X e s L n a " 3 26 U n a m o i z e d E x p e n s e s L n " 3 27 T O T A L N E T E Q U A L A C C E S S I N V S T M E N T l o 2 2 - 2 4 - 2 5 2 6 28 D i s t r i b u t i o n o f L i n e 2 7 L n 2 7 1 2 7 a I I N V E S T A L L O W / D I S A L L O W S E P A R A T I O N I 29 I n v e s m e A l l o D i s a l I o w n c e L n 2 9 a " 1 30 D i r e c A s s i g n m e n t D i r e c 31 T O T A L I N V E S T A L L O W / D I S A L L O W A N C E S L n 2 9 , . 3 0 Pr o p r i e t r y I n f m a t n TE L E C O M M U N I C A n O N S P L A N T - O T H E R A C C O U N T S 41 2 9 1 2 0 0 8 5-9 MO O (d ) 41 2 , 1 0 0 41 2 , 1 0 0 10 0 . 0 0 0 0 % 12 4 , 7 7 6 12 4 , 7 7 6 13 0 , 5 0 9 16 6 , 3 7 6 16 , 9 0 3.6 3 2 0 % 4. 1 1 9 7 % 14 , 9 6 7 14 , 9 6 7 3. 6 3 2 0 % 5,1 4 0 5,1 4 0 4,6 2 7 18 , 9 2 8 8 % 21 . 8 0 2 % 1. 9 9 1 0 % 0. 7 9 0 2 % 0. 8 4 8 4 % 4.0 2 2 8 % 1.6 3 0 1 % 28 , 2 5 2 0 % 32 . 2 2 5 8 % 16 6 , 3 7 6 40 . 3 7 2 8 % 16 , 9 0 4.0 0 1 4 % 78 , 0 0 6 78 , 0 0 6 18 . 9 2 8 8 % 3,2 5 6 0.7 9 0 2 % 3,2 5 6 11 6 ; 4 2 6 48 , 2 0 8 2, 8 7 2 27 , 2 0 27 , 2 0 24 , 5 6 16 , 5 7 8 16 , 5 7 8 4.0 2 8 % 11 6 , 4 2 6 28 . 2 5 2 0 46 , 2 0 8 55 , 8 3 9 2, 8 7 2 5.0 7 1 1,0 5 9 2, 2 8 4 40 , 2 1 0 40 , 2 1 0 1,0 5 9 90 0 2, 2 8 4 5, 1 0 5 34 , 4 0 1 Mo s A d a m s ; L L P Vé r s 3 . 2 12 o f 23 41 9 1 0 8 Ca m b r i d g e T e l e p h o n e Co m p a n y , I n c . St u d y A r e a : 4 7 2 2 1 5 Stu d y Y e a r 2 0 0 CE R T A I N I N C O M E A C C O U N T S A N D A D J U S T M E N T S 8- 1 0 li D J . ; ; , e i ; ; ; . . d ~ d , ~ K ~ d " ' ~ " J L t . " ; , ;i ; , . . . . . ; . " " . ' ? ' ? ~ ' M ' ~ d ' ; ' " ; . . . . . , e i ; ' ; ! / i/y D ; . . . ; . . . . . ; .'. . . . L â C ~ ~ . . i ; i ; / ; y . . . TO T A L In t e , L A T A In ' r a L A T A Im e n . I A In i r a L A I A "" ~ us e , Oth e r CO M P A N Y MS G PL MO O PL MS G ::~ MO O PL De n e d "" " ' - ~~ _ ~ R I P T I O N SO U R C E la ) Ib l ie ) 'd ' 'e If ' (h I /i til (k ) ti I SE P A R A AC S 1 2 0 0 1 T P I S D i s r ,L n 1 5 10 0 . 0 0 0 % 40 . 3 7 2 8 % 4.0 0 1 4 % 3.6 3 2 0 % 18 . 9 2 8 8 % 0. 7 9 0 2 % 4.0 2 2 8 % 28 . 2 5 2 0 % 2 2 0 0 3 p u c - P c i ,L n 1 1 10 0 . 0 0 0 % 40 , 3 7 2 8 % 4.0 0 1 4 % 3.6 3 2 0 % 18 . 9 2 8 8 % 0. 7 9 0 2 % 4. 0 2 8 % - 28 . 2 5 2 0 % 3 C o r p O p e r E x p e n s e s D i s t r ,L n 1 7 10 0 . 0 0 0 % 43 , 5 2 9 0 % 3.7 1 0 4 % 3.1 7 9 9 % 18 . 5 8 3 2 % 0. 6 1 2 4 % 3. 7 5 6 26 . 6 2 8 4 % 4 2 6 8 0 C a p i t l L e a s e s O i s t r ,L n 1 9 5 N e t T e l e c o m P l a n t D i s e x c l 4 0 4 0 ; 4 3 1 0 ,L n 3 ? 10 0 . 0 0 0 % 44 . 8 7 9 6 % 4.6 1 0 5 % 5.3 2 8 5 % 18 . 6 6 1 2 % 0.9 9 9 2 0 4.4 2 4 0 % 21 . 1 7 6 9 % 6 2 1 1 0 S u p p r t A s s e t s D i s t r ,L n 9 10 0 . 0 0 0 % 40 . 3 7 2 8 % 4.0 0 1 4 % 3.6 3 2 0 % 18 . 9 2 8 8 % 0. 7 9 0 2 % 4. 0 2 8 % 28 . 2 5 2 0 % 72 2 1 0 C O E - S w i c h i n g D i s t r ,L n 3 ? 10 0 . 0 0 0 0 % 85 . 0 0 0 0 % 15 . 0 0 0 0 % 8 2 2 2 0 C O E - O p e r a t o r D i s t r ,L n 2 4 9 2 2 3 0 e O E . , T r a n s m i s s i o n D i s t r ,L n n 10 0 . 0 0 0 % 33 . 5 4 9 0 % 10 . 1 4 8 7 % 3. 6 3 4 % 18 . 0 8 9 6 0. 9 1 3 6 11 . 0 2 9 7 % 22 . 6 3 5 2 % 10 2 3 1 0 l O T D i s t r ~L n 1 2 - 11 2 4 1 0 C & W F D i s t r ,L n 4 3 10 0 . 0 0 0 % 37 . 0 3 2 5 % 2.1 4 1 4 % 4.1 1 9 7 % 21 . 8 0 2 2 % 0. 8 4 8 4 % 1.8 3 0 1 % 32 . 2 2 8 % 12 C O E . l O T , C & W F ,L n 8 10 0 . 0 0 0 % 40 . 3 7 2 8 % 4.0 0 1 4 % 3.6 3 2 0 % 18 . 9 2 8 8 % 0. 7 9 0 2 % 4.0 2 8 % 28 . 2 5 2 0 % 13 B l o T h r e e E x o e n s s D i s t Ln 6 10 0 . 0 0 0 % 40 . 4 1 1 9 % 3.9 1 5 2 % 3.3 5 5 4 % 19 . 6 0 9 % 0. 6 4 % 3. 9 6 1 % 28 . 0 9 8 2 % OT H E R I N C O M E S E P A R A T I O N I 14 7 3 0 0 N o n o p e r I n c & E x p e s e 15 AI w F d s U s e d O u r C o n s t r Ln 1 S a * 2 23 , 0 5 3 9, 3 0 7 92 2 83 7 4,3 6 4 18 2 92 7 6,5 1 3 16 Co n t r i b u t i o n s Ln 1 6 a * 3 9,8 4 7 4, 2 8 6 36 5 31 3 1,8 3 0 60 37 0 2, 6 2 17 Ab a n d o n e d C o n s t r u c t o n Ln 1 7 a " 1 18 Ot h e r N o n o p e r a i n g E x p e s e Dir e c t ¡r , 19 F i x e d C h a r g e s 20 In t e r e o n C a p i t a l L e a s s Ln 2 0 a " 4 21 Fi x e d C h a r g e s E x c l C a p i t l L e a s e s Ln 2 1 a * 5 24 3 , 5 8 5 10 9 . 3 2 0 10 , 9 8 7 12 , 9 7 9 - 45 , 5 0 5 2,4 3 4 10 , 7 7 6 51 , 5 6 4 22 Am o r t i z a t i o n o f D e b D i s u n t Ln 2 2 a " S 27 1 12 2 12 14 51 3 12 57 23 Ot h e r I n t e r e s Ln 2 3 a * 5 24 T O T A L F I X E D C H A R G E S Ln 0 . . 2 1 24 3 , 8 5 6 10 9 , 4 4 2 10 , 9 9 9 12 , 9 9 45 , 5 5 5 2,4 3 7 10 , 7 8 8 51 , 6 4 1 25 5 2 4 0 R e n t R e v e n u e s 26 Su p p o r t A s Ln 2 6 a " S 27 CO E . . w i i n g Ln 2 7 a " 7 28 CO E - ú p e , Ln 8 a " 8 29 CO E - T r a n s m i s s i o n Ln 2 9 a " 9 30 In f o O r i g l T e r m E q u i p Ln 3 0 a * 1 0 31 C& W F Ln 3 1 a " 1 1 32 No t C l a s l f e d b y A c c Ln 3 2 a " 1 , D i r e c 33 U N B U N D L E D N E T W O R K E L E M E N T S 34 C& W F . U n b u n d l e L o o p ,L n 4 1 " L n 3 4 35 Op e r a t o r S y s t e m s ,L n 2 4 " L n 3 5 36 Ta n d e m S w n c h i n g ,L n 2 9 " L n 3 6 37 Lo c a l S W c h i n g ,L n 3 4 " L n 3 7 36 Tra n s p o r t T e r m i n a t i o n .L n 5 " L n 3 8 39 Tr a n s p o r t F a c l i t ,L n 6 5 L n 3 9 - 40 SS 7 ,L n 7 5 * L n 4 0 41 OS S Ln 4 1 s " 1 42 Dir e c t A s s i g n m e t Di r e c - 43 T O T A L R E N T R E V E N U E S Ln 2 6 . . 4 2 - I IN C O M E T A X A D J U S T M E N T S S E P A R A T I O N S I 44 l T C A m o r t a t i o n . F e d e r a l Ln 4 4 a " 1 - 45 I T e A m o r t a t o n - S t a e Ln 5 a " 1 - 46 T O T A L I T C A M O R T I Z A T I O N Ln . . 4 5 - 47 A i o r t i z a t i O n o f E x c e s . O e f T a x e s Ln 4 7 a " 1 - 48 C a p i i z e d P a y r o l T a x e s Ln 4 8 a * 1 49 Dir e c A s i g n m e n t Dl r e c t 50 T O T A L CA P I T A L I Z E D P A Y R O L L T A X E S Ln . . 4 9 51 D e p r e c i a i o n A d j u s m e n t Ln 5 1 a " 1 52 Dir e c t A s i g m e n t Di r e c t - 53 T O T A L D E P R E C I A T I O N A D J U S T M E N T S Ln S 1 . . 5 2 54 U n c o e c l b l e s - J o n t M e s a g e Dir e 55 U n o o H e c t i b i - E n d U s e r C C L Dir e c - 56 U n c o U e c i b i - I n t e r e x c h a n g C a r r i e r Die c t . - 57 T O T A L U N C O L L E C T I B L E S Ln 5 4 . . 5 6 . 58 M l s c I n c Ad j u s t m e n t 59 In c A d j A l l o o n 2 0 0 1 Ln 5 9 a " 1 - 60 In c A d j A I o n 2 0 0 1 . D i r e A s s i g n m e n t Dir e c t - 61 In c A d j A 1 l o c o n B i g 3 E x p Ln 6 1 a " 1 3 - 62 In c A d j A 1 l o c o n B i g 3 E x p - D i r e c t A s s i g n m e n Dir e c t - - 63 T O T A L M i s e I N C A D J U S T M E N T S Ln 5 9 . . 6 1 - - - Pr o p r i e t r y I n f r m a o n Mo s s A d a m s , L L P V. r s i o n 3 . 2 13 of 23 4/ 2 9 / 2 0 Ca m b r i T e l e p h o n e C o m p a n y , I n c . St u d y A r e a : 4 7 2 2 1 5 Stu d y Y e a r : 2 0 0 PL A N T S P E C I F I C E X P E N S E S $0 1 1 iX i X ; ' ; ) / " .. . . . . . . . . . . . ' ... . . . .. . . . . . . . . . . . . . ; ) :i . . X/ ; ; ; ; ; ; ; : . . . . . . . : . .. / x x ; ; . , . . . . . . i f. i . ; ; ; .' i ' : ~ C ' L . . . ! ; ; ; / .; ; TO T A L Ir r e r L A T A In l r a L A T A Im e r l r A In t r a L A T A EA S Us e r Ol n e r CO M P A N Y MS G ¡,~ ~~ ~ PL MS G PL MO O PL De f n e d ... . . . . __ _ ~ R I P T I O N SO U R C E la i fb i (e ' f la l 'h ) I r; (k ) I) SE P A R A T O N S F A C O R S 1 2 1 1 0 L a n d & S u p t A s t s D i r ,L n 1 4 10 0 . 0 0 0 0 % 40 . 3 7 2 8 % 4.0 0 1 4 % 3. 6 3 2 0 18 . 9 2 8 8 % 0, 7 9 0 2 % 4.0 2 2 8 % 28 . 2 5 2 0 % 2 T o t a l C O E D i s + E A O i s t r .L n 7 9 h i c l E A 10 0 . 0 0 0 0 % 46 , 7 3 9 6 % 7. 5 4 8 % 2, 7 0 2 % 13 . 4 5 1 9 % 0, 6 7 9 3 % 8.2 0 2 0 % 20 . 6 7 7 8 % 32 3 1 0 ¡ O i e a t 1 . . h e r D i s t r ,L n 1 10 0 . 0 0 0 % 25 . ~ ~ % 0.7 8 5 0 % 24 . 2 1 5 0 % 50 . 0 0 0 0 % 4 2 3 1 0 l O T C a t 2 - C P E D i s t r ,L n 1 0 52 4 1 0 C & W F D i s t t ,L n 4 3 10 0 . 0 0 0 0 % 37 . 0 3 2 5 % 2.1 4 1 4 % 4.1 1 9 7 % 21 . 8 0 2 2 % 0. 8 4 8 4 % 1.8 3 0 1 % 32 . 2 2 5 8 % PL A T S P E C I F I C E X P E N S E S S E P A R A T I O N 66 1 1 0 N e t r k S u p p o r t E x p e n s e s Ln ' 1 5,6 8 3 2,2 9 4 22 : 20 6 1,0 7 6 45 22 9 1, 8 0 7 Dir e c A s i g n m e n t Dir e c t 8 T O T A L N E T W O R K S U P P O R T E X P E N S E S Ln 6 . . 7 5,6 8 3 2,2 9 22 : 20 6 1,0 7 6 45 22 9 1, 8 0 9 6 1 2 0 G e n e r a S u p p o r t E x p e n s e s Ln S a ' 1 16 1 , 9 9 3 65 , 4 0 1 6,4 8 2 5,8 8 4 30 , 6 6 3 1,2 8 0 6, 5 1 7 45 , 7 6 6 10 Di r e c t A s s i g n m e n t Dir e c t 11 T O T A L G E N E R A L S U P P O R T E X P E N S E S Ln 9 . . 1 0 16 1 , 9 9 3 65 , 0 1 6,4 8 2 5, 8 8 30 , 6 6 3 1,2 8 0 6, 5 1 7 45 , 7 6 6 12 6 2 1 0 C e E S w i c h i n g E x p e n s e s Ln 1 2 a * 2 20 7 . 5 7 4 97 , 0 1 9 15 , 6 6 5 5,6 1 0 2: . 9 2 3 1,4 1 0 17 , 0 2 5 42 , 9 2 13 Di r e c t A s s i g n m e n t Dir e c t 14 T O T A L C O E S W I T C H I N G E X P E N S E S Ln 1 2 . . 1 3 20 7 , 5 7 4 97 , 0 1 9 15 , 6 6 5 5,6 1 0 27 , 9 2 3 1,4 1 0 17 , 0 2 5 42 , 9 2 15 6 2 2 0 C O E O p e r a t o r S y s t e m s E x p n s e s Ln 1 5 a * 2 16 Di r e c t A s s i g n m e n t Dir e c 17 T O T A L C O E O P E R A T O R S Y S E X P E N S E S Ln 1 5 . . 1 6 18 6 2 3 0 C O E T r a n s m i s s i o n E x p e n s e s Ln 1 8 a ' 2 84 , 7 3 8 39 , 6 0 6 6, 3 9 5 2,2 9 0 11 , 3 9 9 57 6 6, 9 5 0 17 , 5 2 2 19 Di r e c t A s s i g n m e n t Dir e c t 20 T O T A L C O E T R A N S M I S S I O N E X P E N S E S Ln 1 8 . . 1 9 84 , 7 3 8 39 , 6 0 6 6, 3 9 5 2,2 9 0 11 , 3 9 9 57 6 6. 9 5 0 17 , 5 2 2 21 T O T A L C O E E X P E N S E S Ln 1 4 + 1 7 + 2 0 29 2 , 3 1 2 13 8 , 6 2 6 22 , 0 6 0 7,9 0 0 39 , 3 2 2 1,9 8 23 , 9 7 5 60 , 4 4 4 22 6 3 1 0 l O T E q u i p E x p n s e s 23 Ca t 1 . . h e r l O T E q E x p e n s e Ln 2 3 a " 3 24 Ca t 2 - C u s t P r e m E q u i p E x p Ln 2 4 a " 4 25 Dir e c A s s i g n m e n t Dir e c t 26 T O T A L l O T E X P E N S E S Ln 2 3 . . 2 5 27 6 4 1 0 C & W F E x p e n s e s l1 2 7 a " 5 26 , 8 8 3 97 , 7 2 2 5,6 5 1 10 , 8 7 1 57 , 5 3 2 2,2 3 9 4, 8 2 9 85 , 0 3 8 28 Dir e c A s s i g n m e n t Dir e c 29 T O T A L C & W F E X P E N S E S Ln 2 : . . 2 8 26 , 8 8 3 97 , 7 2 2 5,6 5 1 10 , 8 7 1 57 , 5 3 2 2,2 3 9 4, 8 2 9 85 , 0 3 8 30 P ~ S p e c E x p x / 1 1 0 , 6 1 2 0 Ln 2 1 + 2 6 2 9 55 6 , 1 9 5 23 4 , 3 4 27 , 7 1 1 18 , 7 7 1 96 , 8 5 4 4,2 2 5 28 , 8 0 5 14 5 , 4 8 2 31 T O T A L P L A N T S P E C O P E R E X P Ln 8 + 1 1 + 3 0 72 3 , 8 7 1 30 2 , 0 4 34 , 4 2 0 24 , 8 6 1 12 8 , 5 9 3 5,5 5 0 35 , 5 5 0 19 2 , 8 5 4 32 D i s r i b u t i o n o f L i n e 3 1 Ln 3 1 / 3 1 a 10 0 . 0 0 0 0 % 41 . 7 2 6 1 % 4,7 5 5 0 % 3.4 3 4 4 % 17 . 7 6 4 % 0. 7 6 6 % 4.9 1 1 1 % 26 . 6 4 2 0 % Pr o p r i e r y I n f r m a t i o n Mo s s A d a m s ~ L L P Ve f f n 3 . 2 14 a f 2 3 41 2 9 1 2 0 0 8 Ca m b r i d g e T e l e p h o n e C o m p a n y , I n c . St u d y A r e a : 4 7 2 2 1 5 Stu d y Y e a r : 2 0 0 PL T N O N S P E C I F I C E X P E N S E S 5- 1 2 : 'X i i X;; . . . ... t ' , ; ~ ~ ' ~ d " , d U L L . . . . . . . . . ) i X : ; i i i Ii , : . ; : ; ' ; ; ; . '/ i ' . ... . : . . . . . . : ii i . ii / i ( X i . i t ~ c ; A L .. . . . . . . i ; / ; ; j i i TO T A L In t e r L A T A In t r a L A T A MS G , m e l L ' " P L MO O , m r a L A ' " P L "" ~ Us e r ot h e r CO M P A N Y MS G PL MS G PL De f i n e d ..I I . . . . __ _ _ R I P T I O N SO U R C E (a ) (b ) c Id ' e) (f 1 0 1 Ih l ( i ) Ii) Ik l /I SE P A R A T O N S F A T O R S 1 2 0 0 1 T P I S D i s t r ,l o 1 5 10 0 . 0 0 0 0 % 4O . 3 n 8 % 4,0 0 1 4 % 3.6 3 2 0 % 18 . 9 2 8 8 % 0. 7 9 0 2 % 4.0 2 8 % 28 . 2 5 2 0 % 2 T o t l C O E , l O T , C & W F D i s t , ,L n 7 + 9 10 0 . 0 0 0 0 % 40 . 3 n 8 % 4.0 0 1 4 % 3.6 3 2 0 % 18 . 9 2 8 8 % 0. 7 9 0 2 % 4.0 2 2 8 % 28 2 5 2 0 % 3 2 1 1 0 S u p p o r t A s O i s t r ,L n 10 0 . 0 0 0 0 % 40 . 3 n 8 % 4.0 0 1 4 % 3,6 3 2 0 % 18 . 9 2 8 8 % 0. 7 9 0 2 % 4.0 2 8 % 28 . 2 5 2 0 % 4 2 2 1 0 C O E - S w i t c h i n g D i s t r ,L n 4 9 10 0 . 0 0 0 % 85 . 0 0 0 0 % 15 . 0 0 0 0 % 5 2 2 2 0 C O E - O p e r a o r D i s t r ,L n 4 6 2 2 3 0 C O E - T r a n s m i s s i o n D i s t r ,L o 7 7 10 0 . 0 0 0 0 % 33 . 5 4 9 0 % 10 . 1 4 8 7 % 3.6 3 4 2 " 1 0 18 . 0 8 9 6 % 0. 9 1 3 6 % 11 . 0 2 9 7 % 22 . 6 3 5 2 % 7 2 3 1 0 l O T D l s t r ,l o 1 2 a 2 4 1 0 C & W F D i s r ,L n 3 10 0 . 0 0 0 0 % 37 . 0 3 2 5 % 2.1 4 1 4 % 4.1 1 9 7 % 21 . 8 0 2 0. 8 4 8 4 % 1.8 3 0 1 % 32 . 2 2 5 8 % 9 2 0 0 P r o p H i d F t T e l U s e D i s t r ,l o 7 10 2 6 0 C a p i t a l L e a s e s D i s t r ,L n t 9 11 2 6 0 L e a s e h o l d I m p r o v e m e n t D i s t r ,L n 3 D 12 2 6 9 0 I n t a n g i b l A s D i s t r ,L n 3 S 13 2 0 0 5 T e l e c o m P i t A d i u s t m e n t ,L n 1 S PL A N T N O N S P E C I F I C E X P S E P A R A T I O N I 14 6 5 1 0 O t h P r o p P l a n t & E q E x p Ln 1 4 a ' * t 15 Dir e c t A s s i g n m e n t Oir e c t 16 T O T A L O T H P R O P P L A T & E Q E X P Ln 1 4 . . 1 5 - 17 6 5 3 0 N e t k O p e r a i o n s E x p Ln 1 7 a " 2 20 , 6 2 8 8, 3 2 8 82 74 9 3,9 0 5 16 3 83 0 5, 8 2 8 18 Dir e c t A s s i g n m e n t Dir e c t 19 T O T A L N E T W O R K O P E R A T I O N S E X P Ln 1 7 . . 1 8 20 , 6 2 8, 3 2 8 82 74 9 3,9 0 5 16 3 83 0 5, 8 2 8 20 6 5 4 0 A c c e E x p e n s e s 21 Ac e s E x p n s e x 1 F e d e r a l S u p p o r t Dir e c 22 Fe d e r a l S u p p r t Dir e c 21 , 7 1 5 21 . 1 5 23 T O T A L A C C E S S E X P E N S E S Ln 2 1 . . 2 2 21 , 7 1 5 21 , 7 1 5 - 24 6 5 6 0 D e p r a n d A m o r t E x p e n s 25 Oe p r . S u p p o r t A s e t Ln 2 5 a " 3 25 2 , 4 0 4 10 1 , 9 0 3 10 , 1 0 0 9,1 6 7 47 , 7 7 7 1,9 9 5 10 , 1 5 4 - 71 , 3 0 9 26 Oe p r - S u p p o r t A s e t . D i r e c A s i g n m e n t Dir e c 27 De p r - C O e - 5 w t h i n g Ln 2 7 a " 4 - 28 De p r - C O e - 5 i M c h i n g - D i r e c t A s i g m e n t Di r e c 24 4 , 1 6 4 20 7 , 5 3 9 36 , 6 2 5 29 De p r . C O E . . p e r a o r Ln 2 9 a " S 30 Oe p r . C O E . Q p e r a o r - D i r e c A s i g n m e n t Dir e c t 31 Oe p . C O E . T r a n s m i s s i o n Ln 3 1 a " 6 32 De - C O E - T r a n s m i s s i o n - D i r e c A s i g n m e n t Dir e c t 12 3 , 3 4 49 , 0 5 9 12 , 5 9 6,6 2 5 21 , 7 9 3 94 2 11 , 8 9 5 20 , 4 4 0 33 De p r - I n f o O r i g e r m E q u i p Ln 3 3 a " 7 34 De p r - I n f o O r l g l T e r m E q u i p - D i r e c t A s i g n m e n t Dir e c t - 35 Oe p r - C a b l & W i r e F a c l i t i e s Ln 3 5 a " a - 36 Oe p r - C a b l e & W i r e F a c i l i t i e s . D i r e c t A s s i g n m e n t Di r e c 55 0 , 5 2 9 18 4 , 1 8 8 8,3 5 1 17 , 2 0 3 12 4 , 2 1 4 2,3 6 1 6,9 0 1 20 7 , 3 1 1 37 De p r - P r o p H i d F t T e l U s e lo 3 7 a . 9 38 Am o r t - C a p i t a l L e a s Ln 3 8 a " 1 0 39 Am o r t - L e a s e h o l d I m p r o v e m e n t Ln 3 9 s " 1 1 - 40 Am o r - I n t a n g i b l A s lo 4 O . , 2 41 Am o r . . e r Ln 1 a * 1 3 42 Am o r - D i r e c t A s s n m e n t Dir e c t 43 T O T A L D E P R & A M O R T E X P E N S E S Ln 2 S . . 4 1 1,1 7 0 , 4 4 1 54 2 , 6 8 9 31 , 0 4 1 32 , 9 9 5 19 3 , 7 8 4 5, 2 9 8 28 , 9 5 0 33 5 , 6 8 5 44 T O T A L P L A N T N O N S P E C O P E R E X P Ln 1 6 + 1 9 + 2 3 + 4 3 1,2 1 2 , 7 8 4 5n , 7 3 2 31 , 8 6 33 , 7 4 5 19 7 , 6 8 9 5, 4 8 1 29 , 7 7 9 34 1 , 5 1 3 45 D i s t r i b u t i o n o f L i n e 3 9 Ln 4 4 4 4 a 10 0 , 0 0 0 % 47 . 2 2 4 5 % 2.6 2 5 % 2. 7 8 2 4 % 16 , 3 0 0 4 % 0.4 5 0 % 24 5 5 5 % 28 . 1 5 9 4 % Pro p r i e t r y I n f o r m a t i o n Mo s A d a m s , L L P Ve r s n 3 . 2 15 a f 2 3 41 9 1 0 0 8 Ca m b r i d e T e l e p h o n e Co m p a n y , I n c . Stu A r e a : 4 7 2 2 1 5 CU S T O M E R O P E R A T I O N S E X P E N S E S $-1 3 Stu d y Y e a r : 2 0 0 LI N E DE S C R I P T I O N SO U R C E SE P A R A T I O N S F A C T O R S 1 1 M a r k e t n g e x p s e f a c t r Re c r d s 2 W S W S . T e I O p e r S V c s Re c r d s 3 S u b s i b e U n e M O U Re c r d 10 0 . 0 0 0 % 32 . 1 3 8 0 % 0.6 5 3 0 % 20 . 1 6 3 0 47 . 0 4 6 0 % 4 E U S e r v i c e O r d e r C o n t a c t Re c r d s 10 0 . 0 0 0 % 20 . 9 0 4 5 % 4. 2 7 9 % 74 . 8 1 6 1 % 5 E U B i l l e d R e v e n u e i n c ! e e i Re c r d s 10 0 . 0 0 0 0 % 27 . 2 2 % 2.0 2 0 9 % 25 . 4 3 2 4 % 45 . 3 2 4 5 % 6 E U B i l l e d I n q u i r y C o n t c t Re c r d 10 0 . 0 0 0 % 27 . 2 2 9 0 2.0 1 9 4 % 25 . 4 3 3 6 % 45 . 3 1 8 0 % 7 I X $ v e O r d P r o c C o n t a Re c r d s 10 0 . 0 0 0 0 % 33 . 3 3 3 3 % 33 . 3 3 3 3 % 8 I X B i l l e R e v e n u e Re c r d 10 0 . 0 0 0 0 % 33 . 3 3 3 3 % 33 . 3 3 3 3 % 9 I X B i l l l n q C o n t c t Re c r d 10 0 . 0 0 0 0 % 33 . 3 3 3 3 % 33 . 3 3 3 3 % 10 P u b l i c I n t e r e P a v s t i o n R e v e n u e Re c r d RA T I O N 1 Ln 1 1 a * 1 I 8,3 3 : I 3, 1 6 2 7S : I :1 :1 1,5 8 9 44 : I 2,4 0 8 12 Dir e c t A s i g n m e n t Di r e c t 13 T O T A L M A K E T I N G E X P E N S E S Ln 1 1 . . 1 2 8,3 3 5 3, 1 6 2 73 3 1,5 8 9 44 3 2,4 0 8 1 SE R V I C E S E X P E N S E S S E P A R A T I O N 1 14 6 6 0 S e r v i c e s E x p e n s e s 15 Te l e p h o n e O p e r a t r S e r v i c e : 16 Te l O p e r a r S v c Ln 1 6 a * 2 17 Dir e c A s i g n m e n t Di r e c t I 30 I 30 18 To t T e l O p e r S v c E x p Ln 1 6 . . 1 7 30 30 19 Pu b l i s h e d D i r e c L i s t i n g s : 20 Cl a s f i e d Di r e c t 21 TW X Di r e c t 22 Al p h a Ln 2 2 a " 3 I 6,8 2 5 3,2 1 1 23 Fo r e i g n Di r e c t 24 To t P u b ! D i r e c L i s t Ln 2 0 . . 2 3 6,8 2 5 3,2 1 1 25 Al l ote r : 26 Ca t 1 . L B O E E U S v e O r d P r o c 27 Pr e s u b s r i p t i n Dir e c I 7,6 4 6 1 7, 6 4 28 OU e r Ln 2 8 a " 4 22 , 9 3 9 4,7 9 5 17 , 1 6 2 29 Ca t 1 - l B O E E U P r o & C o t 30 -C I I Di r e c t 31 -O t r Ln 2 9 a " S I 22 , 9 3 9 1 6,2 4 4 -T - - . . - . . . - - - : - - - : i - - - ~ - . - - - . - - ~ r 5) 3 4 ~ 1 10 , 3 9 7 32 Ca t 1 - L O E E U B i I l n q 33 -C I I Dir e c t 34 -O t h e r Ln 3 2 a ' * 1 22 , 9 3 9 1 6, 2 4 6 _ . . _ - - = -I 46 :1 5,8 3 4 :1 10 , 3 9 5 35 Ca t 1 - L O E I X S v c O r d P r o c Ln 3 5 a " 7 36 ca t 1 - L O E I X P m t & C o l Ln 3 6 a " S 37 Ca t 1 - l B O E I X B i D I n q Ln 3 7 a " 9 38 Ca t 1 - L B O E C n C o l & A d m i n Ln 3 8 a " 1 0 39 To t a l C a t 1 - L B O E Ln . . 3 8 1 76 , 4 6 2 1 24 , 9 3 2 -I -I 92 7 -I 12 , 6 5 0 -I 37 , 9 5 4 Pr o p r i e t r y I n f o m a t i O n Mo s s A d a m s , L L P V. r s o n 3 . 2 16 o f 23 41 9 1 2 0 0 8 Ca m b r i d T e i e p h o n e C o m p a n y , I n c . Stu d y A r e a : 4 7 2 1 5 Stu d y Y e a r : 2 0 0 6 LI N E DE S C R I P T I O N SO U R C E SE P A R A T i o N S F A C T O R S I 40 R e l a t e T o l l & L o c l M s g s P e t Re c o r d s 41 C A B S P c l Re C O d s SE R V I C E S E X P S E P A R A T I O N ( C O N T ' D ) I 42 Ca t 2 - C S E M s P r o c 43 Jo i n t M e s a g e Ln 4 2 a * 4 0 I 15 , 5 8 7 1 4,2 1 0 44 Di r e c t A s i g n m e n t Di r e c t 45 Ca t 2 - C S E O t h e r B & C 46 Di r e c t A s i g n m e n t Di r e c 43 , 1 6 4 12 , 8 7 4 47 En d U s e r C o m m o n L i n e Di r e c t 2,2 7 2 2,2 7 2 48 Ca t 2 - C S E C A B S Ln 4 8 a " 4 1 16 , 5 8 2 8,2 9 1 49 To t l C a t 2 - C S E Ln 4 2 . . 4 8 77 , 6 0 5 27 , 6 4 7 50 To t l A l l O t h e r C a t 1 & 2 Ln 3 9 + 4 9 15 4 , 0 6 52 , 5 7 9 51 Dis r i b u t o n o f U n e 5 0 Ln 5 O 0 a 10 0 . 0 0 0 34 . 1 2 7 1 % 52 Ca t 3 - 1 I o t e r C S E Ln 5 2 a " S 1 53 Ca t W i r e d A s i g n m e n t Di r e c t 1,5 0 3 1,5 0 3 54 To t l A l l O t e r C a t 3 Ln 5 2 . . 5 3 1,5 0 3 1,5 0 3 55 To t l A l l O t e r e C a t 1 , 2 , 3 Ln 5 0 + 5 4 15 5 , 5 7 0 54 , 0 8 2 86 T O T A L S E R V I C E S E X P E N S E S Ln 1 8 + 2 4 + 5 5 18 2 . 4 2 5 86 , 2 7 5 57 T O T A L C U S T O M E R O P E R E X P E N S E S Ln 1 3 + 5 6 17 0 , 7 6 0 59 . 4 3 7 73 3 58 Di s r i b u o n o f U n e 5 7 Ln 5 7 f 5 7 a 10 0 . 0 0 0 % 34 . 8 0 7 2 % 0.4 2 9 3 % CU S T O M E R O P E R A T I O N S E X P E N S E S 44 _ 10 , 9 3 0 15 , 1 4 5 15 , 1 4 5 4, 1 4 6 4,1 4 6 4, 5 9 3 30 , 2 2 0 15 , 1 4 5 5, 5 2 0 42 , 8 7 0 53 , 0 9 3. 5 8 8 % 27 . 8 2 5 3 % 34 . 4 8 8 % 5, 5 2 0 5, 5 6 5, 5 6 3.2 5 8 7 % 42 , 8 7 0 53 , 0 9 45 , 8 3 5 26 . 8 4 1 5 % 44 3 0.2 5 9 5 % 86 , 3 4 0 58 , 7 4 8 34 . 4 0 3 8 % 44 , 2 4 6 Pro p r i e t a r y I n f o r m a t o n Mo s s A d a m s ; L L P Ve r s n 3. 2 17 o f 23 4I 2 0 0 8 Ca m b r i e T e l e p h o n e C o m p a n y , I n c . St u d y A r e a : 4 7 2 2 1 5 C O R P O R A T E O P E R A T I O N S , T A X E S , & E Q U A L A C C E S S E X P E N S E S 8 - 1 4 St u d y Y e a r : 2 0 0 TO T A L LI N E D E S C R I P T I O N S O U R C E C O ~ : t y ~ ~ ~ ~ ~ ~ ~ ; . ~ ~ 7 , G P L SE P A R A T O N S A C T O R S 1 B i g T h r e e E x p e n s e D i s r , L n B 1 0 0 . 0 0 0 % 4 0 . 4 1 1 9 % 3 . 9 1 5 2 % 3 . 3 5 5 4 % - I 1 9 . 6 0 8 9 % 0 . 6 4 6 2 I 3 . 9 6 4 1 % 2 8 . 0 9 8 2 % 2 2 0 0 1 T P I S D i s t r . L n 1 S 1 0 0 . 0 0 0 0 % 4 0 . 3 7 2 8 % 4 . 0 0 1 4 % 3 . 6 3 2 0 % . 1 8 . 9 2 8 8 % 0 . 7 9 0 2 % 4 . 0 2 2 8 % 2 8 . 2 5 2 0 % 3 E q u a l A c c e s I n v e s t D i s t r , L n 2 8 - 4 N e t T e l e c o m P l a n t D i s t r e x c I 1 2 2 , E A , L n 3 ? 1 0 0 . 0 0 0 0 % 4 4 . 9 9 1 1 % 4 . 5 4 2 0 A i 5 . 3 4 5 6 % - 1 8 . 6 3 6 8 % 1 . 0 0 1 4 % 4 . 4 6 0 9 % 2 1 . 0 2 0 0 % 5 I n c o m e T a x D i s t n b u i o n $ - 3 , L n 2 7 1 0 0 . 0 0 0 0 % 4 4 . 1 7 4 7 % 3 . 4 0 7 1 % 3 , 2 6 0 % - 1 7 . 9 4 3 7 % 0 . 5 9 7 5 % 3 . 3 5 3 9 % 2 7 , 2 5 9 2 % CO R P O R A T E O P E R E X P S E P A R A T I O N S I 6 6 7 1 0 E x e c & P l a n n i n g E x p e n s e 7 E A S D i r e c t 8 A 1 I O t h e r L n 8 a . ' 3 0 8 , 7 3 7 6 0 . 5 4 0 1 . 9 9 5 1 1 2 , 2 3 9 8 6 , 7 5 0 9 D i r e c t A s s i g n m e n t D i r e c t . 10 T O T A L E X E C & P L A N N I N G E X P E N S E S L n 7 . . 9 3 0 8 , 7 3 7 6 0 , 5 4 1 , 9 9 5 1 2 , 2 3 9 8 6 , 7 5 0 11 6 7 2 0 . G e n ' l a n d A d m i n E x p e n s e s 12 E A S D i r e c t 13 A n O t h e r L n 1 3 a * ' 2 7 6 , 9 6 1 1 1 , 9 2 1 0 , 8 4 9 . 2 9 3 1 , 7 9 0 1 0 , 9 7 9 n , 8 2 2 14 Di r e c A s s i g n m e n t D i r e c t 3 2 , 3 2 9 3 2 , 3 2 9 15 T O T A L GE N ' L & AD M I N E X P E N S E S L n 1 2 . . 1 4 3 0 9 , 2 9 3 1 4 4 , 2 5 6 1 0 , 8 4 9 , 2 9 3 5 4 , 3 1 0 1 , 7 9 0 1 0 , 9 7 9 n , 8 2 2 ~S E S L n 1 0 + 1 5 6 1 8 , 0 3 0 2 6 9 , 0 2 2 2 , 9 3 1 1 9 , 6 5 3 1 1 4 , 8 5 0 3 , 7 8 5 2 3 , 2 1 8 1 6 4 , 5 7 2 Ln 1 6 / 1 6 a 1 0 0 . 0 0 0 0 % 4 3 . 5 2 9 0 % 3 . 7 1 0 4 % 3 . 1 7 9 9 % 1 8 , S 8 3 2 % 0 . 6 1 2 4 % 3 . 7 5 6 7 % 2 6 . 6 2 8 4 % ii 18 7 2 0 0 O p e r a t n g T a x e s (A c t u a l ) 19 F e d r a l In c o m e T a x e s L n 1 9 a " S 20 S t e & L o c l In c o T a x e L n 2 0 a " S i 1 , 6 4 4 1 7 2 6 5 6 1 - I 5 4 - I 2 9 5 1 0 I 5 5 4 4 8 21 O P F E D , S T A T E , L O C A L T A X E S - C W C 1 , 6 4 7 2 6 5 6 - 5 4 - 2 9 5 1 0 5 5 4 4 8 22 F I T A l l o n c e s D i s o w n o e L n 2 2 a * 2 23 O p e r a t i n g T a x e s : - P r o p e r t L n 2 3 a " 2 I 3 S , 4 2 7 1 1 4 , 3 0 3 1 , 4 1 8 1 . 1 1 , 2 8 7 - I 6 , 7 0 6 2 8 0 1 1 , 4 2 5 1 0 , 0 0 9 24 O p e r a n g T a x e s - O t L n 2 4 a " 2 - 25 O p e r a t i n g T a x e s . D i r e c t A s s i g n m e n t D i r e c t 7 4 2 7 4 2 26 T O T A L O P E R T A X E S x l l T , S I T L n 2 3 . . 2 5 3 6 , 1 6 9 1 5 , 0 4 1 , 4 1 8 1 - I 1 , 2 8 7 . 1 6 , 7 0 6 2 8 0 I 1 , 4 2 5 1 0 , 0 0 9 1 O P E R A T I N G R E V E N U E S E P A R A T I O N 6 I 27 S O O O B a s i c L o c a l R e v e n u e D i r e c t 28 S 0 8 0 I n t e r s a t e A c c E n d U s e r R e v e n u e D i r e c t 29 5 0 S t e A c s s E n d U s e r R e v e n u e D i r e c t 30 5 1 0 0 L o n g D i s n c e M e s a g e R e v e n u e D i r e c t 31 5 2 0 M i s c e l l a n e o u s O p e r a n g R e v e n u e D i r e c 32 7 1 0 0 O t e r O p e i n g I n c o m e D i r e c t 33 T O T A L O P E R A T I N G R E V E N U E L n 2 7 . . 3 2 1 E Q U A L A C C E S S E X P E N S E S S E P A R A T I O N I 34 E q u a l A c c E x p e n s e L n 3 4 a f l 3 35 T O T A L E Q U A L A C C E S S E X P E N S E S L n 3 4 . . 3 4 AL L O W A N C E S A N D D I S A L L O W A N C E S 36 E x p e n s e A H o w n c e l s a l I o w n c 37 I n t e e s o n C u s t m e r D e i t L n 3 7 a ' 4 1 1 3 1 1 5 9 6 I - I 7 - I 2 4 1 I 6 2 8 38 O t e r I n t e r e s t D e d u c i o n L n 3 7 a * 4 39 D i r e c A s i g n m e n t D i r e c 40 T O T A L E X P E N S E A L L O W f D I S A L L O W A N C E S L n 3 7 . . 3 6 I 1 3 1 1 5 9 6 I - I 7 - I 2 4 1 1 6 2 8 No t 1: FIT a n d S I T C a l l a t e d o n t h e 8 - 1 Pr o p r i e t r y I n f o r m a t i o n Mo s s A d a m s , L L P Vll l ' n 3 . 2 18 0 1 2 3 Pr o p r i e t a r y I n f o m a t i o n Mo s A d a m s , L L P Ve r s i o 3.2 19 o f 23 Ca m b r i d g e T e l e p h o n e C o m p a n y , I n c . Stu d y A r e a : 4 7 2 2 1 5 Stu d y Y e a r : 2 0 0 6 LI N E D E S C R I P T I O N SE P A R A I O N S F A C T O R S 47 B i g T h r e e E x p n s e D i s t r 48 2 1 1 0 S u p p r t A s D i s t 49 2 2 1 0 C O E . . t c h i n g D i s t r 50 2 2 0 C O E . . p e r a t r D i s t r 51 2 2 0 C O E ~ T r a n s m i S S i o n D i s t 52 2 3 1 0 l O T D i s . 53 2 4 1 0 C & W F D i s t r 54 2 0 1 T P I S x l n d 55 2 0 0 1 T P I S O i s t r 56 2 0 0 1 T P I S D i s t r RE S E R V E S & D E F E R R A L S S E P A R A n O N 57 4 3 1 0 O t h e r L o r i ~ T e r m U a b l l i t i e s 58 4 3 4 0 N e t N o n c u r r e n D e f T a x e s 59 S u p p r t A s s t s 60 C O E - 5 w 1 t c h l n g 61 C O E . . p e r a t r 62 C O E ~ T r a n s m i s i o n 63 I n f o O l i e r m E q u i p 64 C & W F 65 N o t C l a s s i f e d b y A c 66 T O T A L N E T N O N C U R R E N T D E F T A X E S 67 4 3 6 0 O t h e r D e f e r r e d C r e d i t s - N e t 68 4 3 7 0 O t e r J u r i L i a b i l i t i e 69 & D e f e r r e d C r e d i t ~ N e AC C U M D E P R & A M O R T A L L O W / D I S A L L O W 70 A c c u m D e p r & A m o r t A I W O i s a l l o w 71 D i r e c t A s i g n m e n t 72 T O T A L A C C D E P R I A M O R T A L W / D I S A L L O W Pr o p r i e t a r y I n f o r m a t l o n ,L n 6 ,L n 9 ,L n 2 ,L n 2 4 ,L n 7 7 ,L n 1 2 ,L n 4 3 ,L n 1 6 ,L n 1 5 ,L n 1 + 8 Ln 5 7 a ' " 4 7 Ln 5 9 a ' " 4 8 Ln 6 0 a ' " 4 9 Ln 6 1 a ' " 5 0 Ln 6 2 a ' " 5 1 Ln 6 3 a " 5 2 Ln 6 4 a ' " 5 3 Ln 6 5 a ' " 5 4 Ln 5 9 . . 6 5 Ln 6 7 a ' " 5 5 Di r e c t Ln 7 0 a ' " 5 4 Dir e c Ln 7 0 . . 7 1 RE S E R V E S & D E F E R R A L S .. 3. 3 5 5 % :1 19 . 6 0 6 9 % 0.6 4 2 % I 3.9 6 1 % 28 . 9 8 2 % 3.6 3 2 0 % 18 . 9 2 8 8 % 0.7 9 % 4.0 2 8 % 28 . 2 5 2 0 % 15 . 0 0 0 % 3.6 3 4 2 % 18 . 8 9 6 % 0.9 1 3 6 % 11 . 0 2 9 7 % 22 . 6 3 5 2 % 4. 1 1 9 7 % 21 . 8 0 2 2 % 0.8 4 8 4 % 1.8 3 1 % 32 . 2 2 5 8 % 3.6 3 2 0 % 18 . 9 2 8 8 % 0. 7 9 0 % 4.0 2 8 % 28 , 2 5 2 0 % 3, 6 3 0 % 18 . 9 2 8 6 % 0. 7 9 0 % 4.0 2 2 8 % 28 , 2 5 2 0 % 3.6 3 2 0 % 18 . 9 2 8 8 % 0. 7 9 0 % 4.0 2 8 % 28 . 2 5 2 0 % 41 9 1 2 0 0 6 SO U R C E 10 0 . 0 0 0 % 40 . 4 1 1 9 % 3.9 1 5 2 % 10 0 . 0 0 0 0 % 40 . 3 7 2 8 % 4.0 0 1 4 % 10 0 . 0 0 0 0 % 85 . 0 0 0 % 10 0 . 0 0 0 0 % 33 . 5 4 9 0 % 10 . 1 4 8 7 % 10 0 . 0 0 0 0 % 37 . 0 3 2 5 % 2.1 4 1 4 % 10 0 , 0 0 0 0 % 40 . 3 7 2 8 % 4.0 0 1 4 % 10 0 . 0 0 0 0 % 40 . 3 7 2 8 % 4.0 0 1 4 % 10 0 . 0 0 0 40 . 3 7 2 8 % 4,0 0 1 4 % 45 , 5 9 7 45 , 5 9 7 1,8 2 5 1, 8 2 5 1,6 5 6 1,6 5 6 8,6 3 1 8,6 3 1 36 36 0 18 , 0 9 18 , 4 0 9 1,8 3 1,8 3 4 12 , 8 8 2 12 , 8 8 Mo s A d a m s ; L L P Ve n i n 3 . 2 20 o f 23 41 9 1 0 8 Ca m b r i d g e T e l e p h o n e C o m p a n y , I n c . Stu d y A r e a : 4 7 2 1 5 Stu d y Y e a r : 2 0 0 CA S H W O R K I N G C A P I T A L 8- 1 8 Fi F i CF \ " .c . . . . . c . . . . c . . c c. . c . t i ) i i c i F .'i ... c c . c ,, y , / c / / . " " ii F / ) i i c .d i f i c N c i . . c . c ; t g f . A . ' . c c c . , Y i ; / . c c . . . i ; . TO T A L In l e r L A T A In t r a L A T A MS G I m e r t A I A P L In t , a t A l A EA S Us e r utn e r CO M P A N Y PL MO O PL MS G PL De f i ~ ~ ~ .. . . . . . __ _ ~ R I P T I O N SO U R C E la ) b\ Ie (d ) (e ) (f ) ( 0 1 (h I (il (i l (I ) R N G C A P I T A L 1 P l a n t S p e c i f i c E x p e n s e s ,L n 3 1 72 3 , 8 7 1 30 2 , 0 4 34 , 4 2 0 24 , 8 6 1 12 8 , 5 9 3 5, 5 5 0 35 , 5 5 0 19 2 , 8 5 4 2 P l a n N o n s p i f i c e x p e x d d e p r c i a t i o n & a m o r t i z a t i o n 8- 1 2 , L n 1 6 a " ' 2 3 42 , 3 4 30 , 0 4 82 5 74 9 3, 9 0 18 3 83 0 5,8 2 8 3 C u s t o m e r O p e r a i o n s E x p e s e - M a r k e t n g 8- 1 3 , L n 1 3 8, 3 3 3,1 6 2 73 3 1, 5 8 9 44 3 2,4 0 8 4 C u s o m e r O p e r a i o n s E x p e - S e r v i c e 8- 1 3 , L n 5 6 16 2 , 4 2 5 56 , 2 7 5 5, 5 6 44 , 2 4 6 56 , 3 4 0 5 C o r p o r a t e O p e r a t i o n s E x p e n s 8- 1 4 , L n 1 6 61 8 , 0 3 0 26 9 , 0 2 2 22 , 9 3 1 19 , 6 5 3 11 4 , 8 5 3, 7 8 5 23 , 2 1 8 16 4 , 5 7 2 e E q u a l A c c E x p e n s e 8- 1 4 , L n 3 4 - 7 O t h e r N o n o p e r a i n g E x p e s e . C o n t r i b u t i o n s 8- 1 0 , L n 1 6 9, 8 4 7 4, 2 8 36 5 31 3 1, 8 3 0 eo 37 0 2, 6 2 8 I n t e r e s t o n C a p i t a l L e a s e s S- 1 0 , L n 2 0 9 F i x e d C h a r g e s e x e l C a p i t l L e a s e s 8- 1 0 , L n 2 1 24 3 , 5 8 5 10 9 , 3 2 0 10 , 9 8 7 12 , 9 7 9 45 , 5 0 5 2, 4 3 4 10 , 7 7 6 51 , 5 8 4 10 I n t e r e s t o n C u s t o m e r D e p o i t s 8- 1 0 , L n 1 7 13 1 59 6 7 24 1 6 28 11 O t h e r O p e r a t i n g T a x - P r o p e r t S- 1 0 , L n 2 3 35 , 4 2 7 14 , 3 0 3 1,4 1 8 1, 2 8 7 6,7 0 6 28 0 1,4 2 5 10 , 0 0 9 12 O t h e r O p e r a t i n g T a x - O t h e r 8- 1 0 , L n 2 4 13 O t h e r O p e r a t i n g T a x - D i r e c t A s i g n m e n t 8- 1 0 , L n 2 5 74 2 74 2 14 F e d e r a I n c o m e T a x ( A c t u a l ) 8- 1 0 , L n 1 9 15 S t a e I n c o m e T a x ( A c t u a l ) 8- 1 0 , L n 2 0 1,6 4 4 72 6 56 54 29 5 10 55 44 8 16 To t a l C a s h W o r k n g C a p i t a l E x p e n s e Ln 1 . . 1 5 1,8 4 , 3 8 0 78 9 , 9 8 2 71 , 7 4 2 65 , 4 6 7 34 7 , 5 4 2 12 , 7 2 6 72 , 2 3 0 48 6 , 6 9 2 17 C a s h W o r k i n g C a p i l F a c t o r Re c r d s 7.0 5 7 5 % 7,0 5 7 5 % 7.0 5 7 5 % 7.0 5 7 5 % 7. 0 5 7 5 % 7.0 5 7 5 % 7. 0 5 7 5 % 7.0 5 7 5 % 7.0 5 7 5 % 7. 0 5 7 5 % 7.0 5 7 5 % 18 C a s h W o r k i n g C a p i l Ln 1 5 * L n 1 7 13 0 . 3 0 9 55 . 7 5 3 5,0 6 3 4,8 2 0 24 , 5 2 8 89 8 5,0 9 8 34 , 3 4 19 M i n i m u m B a n k B a l a n c Re c r d s 20 W o r k i n g C a s h A d a n c Re c r d s 20 0 86 8 7 38 1 8 53 21 To t a l C a s h W o r k i n g C a p i t a l 13 0 , 5 0 55 , 8 3 9 5,0 7 1 4,6 2 7 24 , 5 6 6 90 5,1 0 5 34 , 4 0 1 22 D i s t r i b u t i o n o f L i n e 2 0 Ln 2 1 1 2 1 a 10 0 , 0 0 0 % 42 , 7 8 5 4 % 3.8 8 5 6 % 3. 5 4 5 7 % 18 . 8 2 2 0.6 8 9 2 % 3.9 1 2 0 % 26 . 3 5 9 2 Pro p r i e t r y I n f o m a t i o n Mo s A d a m s , L L P V.r s n 3 . 2 21 of 23 Ca m b r i g e T e i e p h O n e C o m p a n y , I n c . St A r e a : 4 7 2 2 1 5 Stu d y Y e a r : 2 0 0 6 LN DE S C R I P T I O N 1 A V E R A G E N E T I N V E S T M E N T 2 A S S U M E D R A T E O F R E T U R N F O R E S T I M A T I N G T A X R A T E 3 R E T U R N O N I N V E S T M E N T 4 F I T I N C O M E A D J U S T M E N T ( F R O M C O S T S T U D Y ) 5 I N V E S T M E N T T A X C R E D I T A M O R T I Z A T I O N 6 A F T E R T A X I N C O M E B E F O R E T A X C R E D I T S 7 F I T B E F O R E T A X C R E D I T S ( M U S T E Q U A L L N 1 7 ) 8 T A X B L E I N C O M E 9 F I T O N $ 0 t o $ 5 0 , 0 0 1 § 1 5 % 10 F I T O N $ 5 0 , 0 0 0 t o $ 7 5 , 0 0 0 1 § 2 5 % 11 F I T O N $ 7 5 , 0 0 0 1 0 $ 1 0 0 , 0 0 0 i l 3 4 % 12 F I T O N $ 1 0 0 , 0 0 0 1 0 $ 3 3 5 , 0 0 0 1 1 3 9 % 13 F I T O N $ 3 3 5 , 0 0 0 1 0 $ 1 0 , 0 0 , 0 0 0 1 1 3 4 % 14 F I T O N $ 1 0 , 0 0 0 , 0 0 0 1 0 $ 1 5 , 0 0 0 , 0 0 0 i l 3 5 % 15 F I T O N $ 1 5 , 0 0 0 , 0 0 0 to $ 1 8 , 3 3 3 , 3 3 3 i l 3 8 % 16 F I T O N O V E R $ 1 8 , 3 3 3 , 3 3 3 1 § 3 5 % 17 T O T A L T A X B L E I N C O M E / F I B E F O R E T A X C R E D I T S 18 E F F E C T I V E F I T T A X R A T E Pr o p r i e t a r y I n f o m a t i o n SO U R C E ,L n 1 ,L n 4 Ln 1 a * 2 15 % 25 % 34 % 39 % 34 % 35 % 38 % 35 % LN s 9 . . 1 6 Ta x b l TO T A L 9,0 3 7 , 9 6 2 9.4 8 7 5 % 85 7 , 4 7 5 24 3 , 8 5 6 61 3 , 6 1 9 31 6 , 1 0 7 92 9 , 7 2 6 50 , 0 0 25 , 0 0 25 , 0 0 0 23 5 , 0 0 0 59 , 7 2 6 92 9 , 7 2 6 TA X F O R M IN C O M E TA X TO T A L I S u r T a x 7,5 0 6,2 5 8,5 0 0 91 , 8 5 0 20 2 , 2 0 7 31 6 , 1 0 7 34 . 0 0 0 0 % 41 9 1 2 0 0 8 8- 1 7 5. 0 0 11 , 7 5 0 16 , 7 5 0 10 0 , 0 0 0 55 0 , 0 0 0 Mo s s A d a m s ; L L P Ve r s n 3.2 22 o f 23 '. 41 2 9 1 0 0 8 Ca m b r i d g e T e i e p h o n e C o m p a n y , I n c . Stu d y A r e a : 4 7 2 2 1 5 Stu d v Y e a r : 2 0 0 6 DIS T R I B U T I O N R A T I O S F O R R A T E B A S E A N D 5 X P E N S E S 8-1 8 ¡i: ; ) ' d . . . . . ( . i X . . . . i . . . . . . . . . . , ' i. i O ' . , iY X. i i '; ' ; ' ; X i ' ; ; ' O ' , " " , . . i.O ' ,' d i , ; ''' ' ' " '. y TO C A L . . . . y . . ; . . . "i . i . . . . . In t o r L A T A P L In t r a L A T A In t o r L A T A In t r a L A T A EA S Us e r Qt o r I I c: ; MS G ;,L MS G PL MO O PL n) De f i n e d AL L O C A T I O N R A T I O S C r y To t l .ï Ì i I ( e ) (d ) 01 (I ) (0 ) h Ii ) (k ) (I) Ca p t t a l l n v e s t m e n t S U m m a r ) Ge n e r a l S u p p o r t F a c i l i t i e s 21 1 0 10 0 , 0 0 0 0 % 40 . 3 7 2 8 % 4. 0 0 1 4 % 3.6 3 2 0 % 18 , 9 2 8 8 % 0.7 9 0 2 % 4;0 2 8 % 28 . 2 5 2 0 % CO E S w i t c h i n g E q u i p m e n 22 1 0 10 0 . 0 0 0 0 0 . 4 85 . 0 0 0 0 % 15 . 0 0 0 Op e r a o r S y s t m s Eq u i p m e n t 22 2 0 CO E T r a n s m i s s i o n E q u i p m e n t 22 3 0 10 0 . 0 0 0 0 % 33 . 5 4 9 0 % 10 . 1 4 8 7 % 3.6 3 4 2 % 18 . 0 8 9 % 0.9 1 3 6 % 11 . 0 2 9 7 % 22 . 6 3 5 2 % In f o r m a t i o n O r l g l T e r m E q u i p m e n t 23 1 0 Ca b l e & W i r e F a c i l i t i e s 24 1 0 10 0 . 0 0 0 0 % 37 . 0 3 2 5 % 2.1 4 1 4 % 4.1 1 9 7 % 21 . 8 0 2 2 % 0,8 4 8 4 % 1.8 3 0 1 % 32 . 2 2 5 8 % Ta n g i b l e A s s e t s 26 0 - - In t n g i b l e A s s e t s 26 9 0 - To t a l P l a n t i n S e r v i c e A l e 2 0 0 1 10 0 . 0 0 0 0 % 40 . 3 7 2 8 % 4.0 0 1 4 % 3. 6 3 2 0 % 18 , 9 2 8 8 % 0.7 9 0 2 % 4.0 2 2 8 % 28 . 2 5 2 0 % Pr o p e r t He l d fo r F u t u r e U s e 20 0 2 - Pla n t U n d e r C o n s t r u c i o n 20 0 3 10 0 . 0 0 0 0 % 40 . 3 7 2 8 % 4.0 0 1 4 % 3. 6 3 2 0 % 18 . 9 2 8 8 % 0. 7 9 0 2 % 4. 0 2 8 % 28 . 2 5 2 0 % Te l e p h o n e P l a n t A d j u s t m e n t 20 0 5 To t a l P r o p e r t , Pla n t a n d E q u i p m e n t 10 0 . 0 0 0 % 40 . 3 7 2 8 % 4.0 0 1 4 % 3. 6 3 2 0 % 18 . 9 2 8 8 % 0. 7 9 0 2 4. 0 2 8 % 28 , 2 5 2 0 % Ac c m u l a t e D e p r e c i a t i o n - P l a n t i n S e r v i c e 31 0 0 10 0 . 0 0 0 0 % 36 . 3 8 8 9 % 3.5 3 3 2 % 2. 1 5 3 8 % 19 . 1 8 0 7 % 0. 6 0 8 0 % 3. 6 4 8 % 34 . 4 9 0 5 % Ac c m u l a t e D e p r e c i a t i o n - P r o p e r t h e l d f o r F u t u r e U s e ) 32 0 0 Ac c m u l a t e A m o r t i z a t i o n - T a n g i b l P r o p e r 34 0 AC c m u l a t e A m o r t i z a t i o n - I n t a n g i b l e P r o p e r t 35 0 0 - Ac c m u l a t e d A m o r t i z a t i o n - T e l e p h o n e P l a n t A d j u s t m e n t 36 - De f r r O p e r a n g T a x e s 43 4 10 0 . 0 0 40 . 3 7 2 8 % 4.0 0 1 4 % 3. 6 3 2 0 % 18 . 9 2 8 8 % 0,7 9 0 % 4. 0 2 8 % 28 . 2 5 2 0 % Ote r L o n g T e r m l i a b i l i t i e 43 1 0 ot h e r D e f e r r e d C r e d i t 43 7 0 Cu s t o m e r D e p o i t 10 0 . 0 0 0 0 % 40 . 3 7 2 8 % 4.0 0 1 4 % 3. 6 3 2 0 % 18 . 9 2 8 8 % 0.7 9 0 % 4.0 2 2 8 % 28 . 2 5 2 0 % Ne t T e l e p h o n e P l a n t 10 0 . 0 0 0 % 44 . 8 7 9 6 % 4.5 1 0 5 % 5,3 2 8 5 % 18 . 6 8 1 2 % 0.9 9 9 2 % 4.4 2 4 0 % 21 . 1 7 6 9 % In v e s t m e n t A l l o w D i s a l l o w - Ac c u m D e p r / A m o r t A H o w D i s a l 1 o Ma t r i a l s a n d S u p p i e s 12 2 0 10 0 , 0 0 0 37 . 0 3 2 5 % 2.1 4 1 4 % 4.1 1 9 7 % 21 . 8 0 2 % 0.8 4 8 4 % 1. 8 3 0 1 % 32 . 2 2 5 8 % In v e s m e n t i n N o n a f f l i a t e C o m p a n i e s 14 0 - Eq u a l A c c e E q u i p m e n t 14 3 9 oth e r J u r i s d i c t i o n a l A s s e 15 0 0 Ca s h W o r k i n g C a p i t a l XX X 10 0 . 0 0 0 0 % 42 . 7 8 5 4 % 3. 8 8 5 6 % - 3.5 4 5 7 % 18 . 8 2 2 9 % 0.6 8 9 2 % 3.9 1 2 0 % 26 . 3 5 9 2 % Ne t T e l e p h o n e P l a n t , M & S a n d C W C 10 0 . 0 0 0 0 % 44 . 8 5 1 3 % 4. 5 0 1 7 % 5.3 0 3 4 % 18 . 6 8 1 % 0. 9 9 4 % 4.4 1 6 8 % 21 . 2 4 8 8 % Op e a t n g E x p n s an d T a x S u m m 8 l Ne t k S u p p 61 1 0 10 0 . 0 0 0 0 % 40 . 3 7 2 8 % 4. 0 0 1 4 % 3.6 3 2 0 % 18 . 9 2 8 8 % 0.7 9 0 2 % 4.0 2 2 8 % 28 . 2 5 2 0 % Ge n e r a l S u p p r t 61 2 0 10 0 . 0 0 0 0 % 40 . 3 7 2 8 % 4. 0 0 1 4 % 3.6 3 2 0 % 18 . 9 2 8 8 % 0.7 9 0 2 % 4, 0 2 2 8 % 28 . 2 5 2 0 % Ce n t r a l Of f c e 62 1 0 10 0 . 0 0 0 0 % 48 , 7 3 9 6 % 7. 5 4 8 % 2. 7 0 2 % 13 . 4 5 1 9 % 0.6 7 9 3 % 8. 2 0 2 0 % 20 . 6 T 1 8 % In f o m a t i o n O r i g l e r m 63 1 0 - Ca b l e a n d W i r e F a c i l i t i e s 64 1 0 10 0 . 0 0 0 0 % 37 . 0 3 2 5 % 2.1 4 1 4 % 4.1 1 9 7 % 21 ~ 8 0 2 2 % 0.8 4 8 4 % 1.8 3 0 1 % 32 , 2 2 5 % ot r P l a n t 65 1 0 Ne t k O p e r i o n s 65 0 10 0 . 0 0 0 % 40 . 3 7 2 8 % 4.0 0 1 4 % 3. 6 3 2 0 % 18 , 9 2 8 8 % 0.7 9 0 % 4.0 2 2 8 % 28 . 2 5 2 0 % Ac c C h a r g e 65 4 0 Fe d e r a l S u p p r t 65 4 0 10 0 . 0 0 0 0 % 10 0 . 0 0 0 0 % Ma r k e t i n g 66 1 0 10 0 . 0 0 0 0 % 37 . 9 3 4 7 % 8.7 0 4 6 % 19 . 0 6 1 2 % 5. 3 1 7 3 % 28 . 8 9 2 2 % Cu s t m e r S e r i c e 66 2 0 10 0 . 0 0 0 0 % 34 , 8 0 7 2 % 0.4 2 9 3 % 3. 2 5 8 7 % 26 . 8 4 1 5 % 0. 2 5 9 5 % - 34 . 4 0 3 8 % Co r p o r a t e O p e r a i o n s . E x e c u t i v e a n d P l a n n i n g 67 1 0 10 0 . 0 0 0 0 % 40 . 4 1 1 9 % 3.9 1 5 2 % 3. 3 5 5 4 % 19 . 6 0 8 9 0.6 4 2 % 3. 9 6 1 % 28 . 0 9 8 2 % Co r p o r a t e O p e r a o n s . G e e r a l a n d A d m i n i s t r a i v e 67 2 0 10 0 . 0 0 0 0 % 46 . 6 4 0 4 % 3.5 0 6 0 % 3. 0 0 4 7 % 17 . 5 5 9 3 % 0.5 7 8 6 % 3.5 4 9 7 % 25 . 1 6 1 3 % Su b t o t a l O p e r a t i o n s Ex p e n s e 10 0 . 0 0 0 % 44 . 1 4 5 9 % 3,3 0 1 9 % 3. 0 7 5 9 % 17 . 8 7 0 0 % 0.5 5 9 3 % 3,2 5 0 7 % 27 . 7 9 6 2 % De p r e c a t i o n a n d A m o i z a t i o n 65 6 0 10 0 . 0 0 0 0 % 46 . 3 6 6 2 % 2.6 5 1 % 2. 8 1 9 0 % - 16 . 6 5 6 5 % 0.4 5 2 6 % 2.4 7 3 4 % - 28 , 6 8 0 Oth e r O p e r a i n g 72 4 0 10 0 . 0 0 0 0 % 41 . 5 9 6 % 3. 9 1 9 3 % - 3.5 5 7 5 % 18 . 5 4 0 5 % 0.n 4 O % 3.9 4 0 2 % 27 . 6 7 2 4 % Eq u a l A c s s Fix e d C h a r g e s 75 0 10 0 . 0 0 0 % 44 . 8 7 9 6 % 4. 5 1 0 5 % 5.3 2 8 5 % 18 , 6 8 1 2 % 0.9 9 9 2 % 4.4 2 4 0 % 21 . 1 7 6 9 % Re n R e v e n u e 52 4 0 - To t l Op e r a t i n E x p e n s e a n d T a x 10 0 . 0 0 0 % 44 . 1 1 2 7 % 3.3 1 0 0 % 3.0 8 2 3 % 17 . 8 7 8 8 % 0.5 6 2 1 % 3. 2 5 9 8 % 27 . 7 9 4 3 % No n o p e r a t i n g E x p e n s e 73 7 0 Ab a n d o n e d C o n s r u c t i o n Co n i b u t i o n s 10 0 . 0 0 0 43 . 5 2 9 0 % 3.7 1 0 4 % 3.1 7 9 9 % 18 , 5 8 3 2 % 0.6 1 2 4 % 3.7 5 6 7 % 26 . 6 2 8 4 % Ot h e r N o n o p e r a i n g All o n c e f o F u n d s U s e D u r i n g C o n s t r u c t i o n 73 4 0 10 0 . 0 0 0 0 % 40 , 3 7 2 8 % 4.0 0 1 4 % - 3.6 3 2 % 18 . 9 2 8 8 % 0,7 9 0 2 % 4, 0 2 2 8 % 28 . 2 5 2 0 % Ot h e r I n c o m e A d j u s t m e n XX X - Pro p r i e t a r y I n f o r m a t i o n Mo s A d a m s , L L P Ve r s l 3 . 2 23 0 1 2 3