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KCPC HOLDINGS, INC. and SUBSIDIARIES
<br />CONSOLIDATED BALANCE SHEETS
<br />Amounts in thousands, except for share and per share data
<br /> September 30,
<br /> M1 IM
<br />ASSETS
<br />Current assets:
<br />Cash and cash equivalents $ 25,972 S 15,946
<br />Restricted cash 21,608 23,070
<br />Management accounts receivable, net of allowance for doubtful accounts
<br />of$976 and S1,041, respectively 44,341 49,474
<br />Accounts receivable, net of al lowance for doubtful accounts
<br />of 571 S and $925, respectively 8,829 9,895
<br />Current portion of notes receivable 5,753 990
<br />Prepaid expenses and other assets 21,043 16,702
<br />Assets held for sale 201,540 -
<br />Refundable income taxes 5,789 13,723
<br />Deferred income taxes 19.113 24,016
<br />Total current assets 353,988 153,816
<br />Notes receivable, less current portion 3,659 8,525
<br />Property, equipment, and leasehold improvements, net 20,490 283,046
<br />Intangible assets, net 101,858 136,235
<br />Goodwill 195,264 214,852
<br />Investment in and advances to partnerships and joint ventures 3,141 2,900
<br />Other assets 22,739 28.122
<br />Total assets S 701.139 827.496
<br />LIABILITIES AND SHAREHOLDERS' EQUITY
<br />Current liabilities:
<br />Current portion of long-term debt and capital lease obligations $ 177,251 $ 1,620
<br />Trade accounts payable 26,907 26,591
<br />Book overdrafts 22,823 22,834
<br />Accrued payroll and related costs 19,810 24,753
<br />Accrued expenses 72,056 66,408
<br />Management accounts payable 27,168 25,653
<br />Subordinated convertible debentures 1,254 1.641
<br />Total current liabilities 347,269 169,500
<br />Long-tens debt and capital lease obligations, less current portion 225,541 407,094
<br />Deferred income taxes 40,189 86,000
<br />Other liabilities 63,410 71,729
<br />Total liabilities 676,409 734,323
<br />Commitments and contingencies (Notes 11 and 16)
<br />Shareholders' equity:
<br />Common stock, $0.01 par value; 300 million shares authorized, 225.1 million, and 225.3
<br />million shares issued and outstanding at September 30, 2011 and 2010, respectively 2,251 2,253
<br />Additional paid-in capital 227,379 226,996
<br />Accumulated deficit (205,568) (136,7981
<br />Total shareholders' equity of KCPC Holdings, Inc. 24,062 92,451
<br />Noncontrolling interest 668 722
<br />Total shareholders' equity 24.730 93.173
<br />Total liabilities and shareholders' equity 701.139 S 827.496
<br />See accompanying notes to consolidated financial statements.
<br />Page 4 of 25
<br />25F-86
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