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Parent Company Financial Statements
 12 Months Ended
Dec. 31, 2011
Condensed Financial Information of Parent Company Only Disclosure [Abstract]  
Parent Company Financial Statements
Parent Company Financial Statements

The following condensed Parent Company financial statements should be read in conjunction with the consolidated financial statements of the Company and the Predecessor Company. As provided for in our amended and restated credit facilities, each of the Company’s operating subsidiaries are permitted to fund a share of the Parent Company’s interest obligations on the Dex One Senior Subordinated Notes. Other funds, based on a percentage of each operating subsidiaries’ excess cash flow, as defined in each credit agreement, may be provided to the Parent Company to fund specific activities, such as acquisitions. In addition, each of our operating subsidiaries is permitted to send up to $5 million annually to the Parent Company. Lastly, our operating subsidiaries fund on a proportionate basis those expenses paid by the Parent Company to fund the daily operations of our operating subsidiaries. Except for certain limited situations, including those noted above, the amended and restated credit facilities restrict the ability of the Company and its subsidiaries to dividend assets to any third party and of our subsidiaries to pay dividends, loans or advances to us. See Note 5, “Long-Term Debt, Credit Facilities and Notes” for a further description of our debt instruments.

Condensed Parent Company Balance Sheets
 
December 31,
 
2011
 
 
2010
Assets
 
 
 
 
Cash and cash equivalents
$
28,361

 
 
$
2,134

Intercompany loan receivable
—

 
 
4,900

Prepaid expenses and other current assets
953

 
 
282

Total current assets
29,314

 
 
7,316

 
 
 
 
 
Investment in subsidiaries
282,926

 
 
900,409

 
 
 
 
 
Total assets
$
312,240

 
 
$
907,725

 
 
 
 
 
Liabilities and Shareholders’ Equity (Deficit)
 
 
 
 
Accounts payable, accrued liabilities and other
$
1,224

 
 
$
46

Accrued interest
10,672

 
 
9,198

Intercompany, net
2,403

 
 
15,460

Short-term deferred income taxes, net
32

 
 
2,116

Total current liabilities
14,331

 
 
26,820

 
 
 
 
 
Long-term debt
300,000

 
 
300,000

Deferred income taxes, net
7,776

 
 
54,989

Total liabilities
322,107

 
 
381,809

 
 
 
 
 
Shareholders’ equity (deficit)
(9,867
)
 
 
525,916

 
 
 
 
 
Total Liabilities and Shareholders’ Equity (Deficit)
$
312,240

 
 
$
907,725



Condensed Parent Company Statements of Operations
 
Successor Company
 
 
Predecessor Company
 
Year Ended December 31, 2011
 
Eleven Months Ended December 31, 2010
 
 
One Month Ended January 31, 2010
 
Year Ended December 31, 2009
 
 
 
 
 
 
 
 
 
Expenses
$
17,229

 
$
18,019

 
 
$
891

 
$
21,631

Partnership and equity income (loss)
(589,046
)
 
(1,492,376
)
 
 
643,971

 
(7,155,397
)
Operating income (loss)
(606,275
)
 
(1,510,395
)
 
 
643,080

 
(7,177,028
)
Interest expense, net
(37,447
)
 
(33,312
)
 
 
—

 
(106,034
)
Income (loss) before reorganization items, net and income taxes
(643,722
)
 
(1,543,707
)
 
 
643,080

 
(7,283,062
)
Reorganization items, net
—

 
—

 
 
7,194,470

 
(98,751
)
Income (loss) before income taxes
(643,722
)
 
(1,543,707
)
 
 
7,837,550

 
(7,381,813
)
(Provision) benefit for income taxes
124,758

 
620,115

 
 
(917,541
)
 
928,520

Net income (loss)
$
(518,964
)
 
$
(923,592
)
 
 
$
6,920,009

 
$
(6,453,293
)


Condensed Parent Company Statements of Cash Flows
 
Successor Company
 
 
Predecessor Company
 
Year Ended December 31, 2011
 
Eleven Months Ended December 31, 2010
 
 
One Month Ended January 31, 2010
 
Year Ended December 31, 2009
Cash flow provided by (used in) operating activities
$
40,454

 
$
4,778

 
 
$
(531
)
 
$
10,786

Cash flow from investing activities:
 
 
 
 
 
 
 
 
Additions to fixed assets and computer software, net
—

 
—

 
 
(643
)
 
(1,705
)
Contributions to subsidiaries
(12,227
)
 
—

 
 
—

 
—

Intercompany loan
(2,000
)
 
(4,900
)
 
 
—

 
(5,000
)
Net cash used in investing activities
(14,227
)
 
(4,900
)
 
 
(643
)
 
(6,705
)
Cash flow from financing activities:
 
 
 
 
 
 
 
 
Debt issuance and other financing costs, net
—

 
—

 
 
(370
)
 
—

Decrease in checks not yet presented for payment
—

 
(1,025
)
 
 
(182
)
 
(22
)
Net cash used in financing activities
—

 
(1,025
)
 
 
(552
)
 
(22
)
Increase (decrease) in cash and cash equivalents
26,227

 
(1,147
)
 
 
(1,726
)
 
4,059

Cash and cash equivalents, beginning of period
2,134

 
3,281

 
 
5,007

 
948
Cash and cash equivalents, end of period
$
28,361

 
$
2,134

 
 
$
3,281

 
$
5,007