Footnote Journal
Footnote Journal
Post Office Box 613
Shelton, CT 06484
The 10K Review provides key tax and pension information from the SEC 10K filings for the top 900 public companies in the United States (the S&P 500 and Midcap 400) and outlines characteristics and key data necessary for sourcing new, quality business.
Below, you will find sample tables with the data gleaned from telecom industry 10K filings:
| TAX | |||||||
| S & P | |||||||
| Company | Credit | Federal | Capital | Any expiry | Section | Valuation | AMT |
| Name | Rating | NOLs | Losses | in 2005? | 382 Limits | Allowance | Credits |
| ALLTEL Corp. | A | yes | |||||
| BellSouth | A | 363* | 658* | yes | |||
| Cincinnati Bell Inc. | B+ | 1816 | yes | ||||
| Century Telephone | BBB+ | yes | |||||
| Citizens Communications | BB+ | 933** | yes | 37.7* | |||
| Sprint Corp. FON | BBB- | 5100 | yes | yes | 4900 | ||
| Nextel Communications | BB+ | 6376 | 723* | yes | 14* | ||
| Qwest Communications Int | BB- | 6000 | yes | yes | |||
| SBC Communications Inc. | A | ||||||
| AT&T Corp. (New) | BB+ | 4* | yes | ||||
| Telephone & Data Systems | A- | yes | |||||
| Verizon Communications | A+ | yes | |||||
| PENSION DATA | |||||||
| Defined | Assumed | Expected | Rate | ||||
| Company | Benefit | Funding | Discount | Rate | of | ||
| Name | Y/N? | Status | Rate | of Return | Compensation | ||
| ALLTEL Corp. | yes | -1 | 6.40% | 8.50% | 3.50% | ||
| BellSouth | yes | 2985 | 7.25% | 9.00% | 5.10% | ||
| Cincinnati Bell Inc. | yes | -46 | 6.00% | 8.25% | 4.50% | ||
| Century Telephone | yes | -54.1 | 6.00% | 8.25% | 4.00% | ||
| Citizens Communications | yes | -38 | 6.25% | 8.25% | 4.00% | ||
| Sprint Corp. FON | yes | -788 | 6.25% | 8.75% | 4.25% | ||
| Nextel Communications | no | 0 | |||||
| Qwest Communications Int | yes | 204 | 6.25% | 8.50% | 4.65% | ||
| SBC Communications Inc. | yes | 1630 | 6.25% | 8.50% | 4.25% | ||
| AT&T Corp. (New) | yes | 1894 | 5.95% | 8.50% | 4.00% | ||
| Telephone & Data Systems | no | 0 | |||||
| Verizon Communications | yes | 1711 | 6.25% | 8.50% | 5.00% | ||
| PENSION RATIOS | |||||||
| Plan | Contribution | Contribution | Fair Value | Projected | |||
| Company | Assets/ | as a % | as a % | Pretax | of Plan | Benefit | |
| Name | Liabilities | Of Assets | of Income | Income | Assets | Obligation | Contribution |
| ALLTEL Corp. | 99.90% | 10.48% | 6.59% | 1592 | 1001 | 1002 | 104.9 |
| BellSouth | 125.69% | 0.00% | 0.00% | 5367 | 14605 | 11620 | 0 |
| Cincinnati Bell Inc. | 90.87% | 0.79% | 3.59% | 100.3 | 458 | 504 | 3.6 |
| Century Telephone | 87.06% | 1.65% | 1.10% | 547 | 363.9 | 418 | 6 |
| Citizens Communications | 95.24% | 2.63% | 23.53% | 85 | 761 | 799 | 20 |
| Sprint Corp. FON | 82.36% | 8.16% | -18.71% | -1603 | 3678 | 4466 | 300 |
| Nextel Communications | 2645 | ||||||
| Qwest Communications Int | 102.28% | 0.00% | 0.00% | -1706 | 9133 | 8929 | |
| SBC Communications Inc. | 105.78% | 3.36% | 13.97% | 7165 | 29819 | 28189 | 1001 |
| AT&T Corp. (New) | 111.40% | 0.19% | -0.33% | -11035 | 18510 | 16616 | 36 |
| Telephone & Data Systems | 149 | ||||||
| Verizon Communications | 104.58% | 1.13% | 4.38% | 10112 | 39106 | 37395 | 443 |