Louisiana
|
72-0651161
|
|
(State
or other jurisdiction of
|
(I.R.S.
Employer
|
|
incorporation
or organization)
|
Identification
No.)
|
Large
accelerated filer [X]
|
Accelerated
filer [ ]
|
Non-accelerated
filer [ ]
|
Smaller
reporting company [ ]
|
Page No.
|
||||
Part
I.
|
Financial
Information:
|
|||
Item
1.
|
Financial
Statements
|
|||
Consolidated
Statements of Income--Three Months and Six Months
|
||||
Ended
June 30, 2008 and 2007
|
3
|
|||
Consolidated
Statements of Comprehensive Income--
|
||||
Three
Months and Six Months Ended June 30, 2008 and 2007
|
4
|
|||
Consolidated
Balance Sheets--June 30, 2008 and
|
||||
December
31, 2007
|
5
|
|||
Consolidated
Statements of Cash Flows--
|
||||
Six
Months Ended June 30, 2008 and 2007
|
6
|
|||
Consolidated
Statements of Stockholders' Equity--
|
||||
Six
Months Ended June 30, 2008 and 2007
|
7
|
|||
Notes
to Consolidated Financial Statements*
|
8-13
|
|||
Item
2.
|
Management's
Discussion and Analysis of Financial
Condition
and Results of Operations
|
14-22
|
||
Item
3.
|
Quantitative
and Qualitative Disclosures About Market Risk
|
23
|
||
Item
4.
|
Controls
and Procedures
|
24
|
||
Part
II.
|
Other
Information:
|
|||
Item
1.
|
Legal
Proceedings
|
25
|
||
Item
1A.
|
Risk
Factors
|
25
|
||
Item
2.
|
Unregistered
Sales of Equity Securities and Use of Proceeds
|
26
|
||
Item
4.
|
Submission
of Matters to a Vote of Security Holders
|
26-27
|
||
Item
6.
|
Exhibits
and Reports on Form 8-K
|
27
|
||
Signature
|
28
|
Three
months
|
Six
months
|
|||||||||||||||
ended
June 30,
|
ended
June 30,
|
|||||||||||||||
2008
|
2007
|
2008
|
2007
|
|||||||||||||
(Dollars,
except per share amounts,
|
||||||||||||||||
and
shares in thousands)
|
||||||||||||||||
OPERATING
REVENUES
|
$ | 658,106 | 689,991 | 1,306,720 | 1,290,846 | |||||||||||
OPERATING
EXPENSES
|
||||||||||||||||
Cost of
services and products (exclusive of depreciation and
amortization)
|
239,626 | 226,388 | 477,438 | 439,919 | ||||||||||||
Selling,
general and administrative
|
106,836 | 97,456 | 198,461 | 188,913 | ||||||||||||
Depreciation
and amortization
|
130,954 | 134,311 | 266,638 | 262,095 | ||||||||||||
Total
operating expenses
|
477,416 | 458,155 | 942,537 | 890,927 | ||||||||||||
OPERATING
INCOME
|
180,690 | 231,836 | 364,183 | 399,919 | ||||||||||||
OTHER
INCOME (EXPENSE)
|
||||||||||||||||
Interest
expense
|
(49,166 | ) | (57,667 | ) | (99,288 | ) | (104,628 | ) | ||||||||
Other
income (expense)
|
12,907 | 8,080 | 21,324 | 13,370 | ||||||||||||
Total
other income (expense)
|
(36,259 | ) | (49,587 | ) | (77,964 | ) | (91,258 | ) | ||||||||
INCOME
BEFORE INCOME TAX EXPENSE
|
144,431 | 182,249 | 286,219 | 308,661 | ||||||||||||
Income
tax expense
|
52,264 | 69,984 | 105,292 | 118,526 | ||||||||||||
NET
INCOME
|
$ | 92,167 | 112,265 | 180,927 | 190,135 | |||||||||||
BASIC
EARNINGS PER SHARE
|
$ | .89 | 1.03 | 1.72 | 1.73 | |||||||||||
DILUTED
EARNINGS PER SHARE
|
$ | .88 | 1.00 | 1.71 | 1.67 | |||||||||||
DIVIDENDS
PER COMMON SHARE
|
$ | .0675 | .065 | .135 | .13 | |||||||||||
AVERAGE
BASIC SHARES OUTSTANDING
|
103,644 | 108,405 | 104,893 | 109,718 | ||||||||||||
AVERAGE
DILUTED SHARES OUTSTANDING
|
104,273 | 113,721 | 105,635 | 115,015 |
Three
months
|
Six
months
|
|||||||||||||||
ended June 30,
|
ended June 30,
|
|||||||||||||||
2008
|
2007
|
2008
|
2007
|
|||||||||||||
(Dollars
in thousands)
|
||||||||||||||||
NET INCOME
|
$ | 92,167 | 112,265 | 180,927 | 190,135 | |||||||||||
OTHER
COMPREHENSIVE INCOME, NET
OF TAX:
|
||||||||||||||||
Marketable
securities:
|
||||||||||||||||
Unrealized holding gain (loss), net of $193, $355,
($332) and $304 tax
|
310 | 570 | (533 | ) | 488 | |||||||||||
Reclassification adjustment for gain included in
net income, net of ($1,730) and ($1,730) tax
|
(2,776 | ) | - | (2,776 | ) | - | ||||||||||
Derivative
instruments:
|
||||||||||||||||
Net gains on derivatives hedging the variability of cash flows, net of
$294 tax
|
- | - | - | 471 | ||||||||||||
Reclassification adjustment for losses included in net income, net of $67,
$61, $134 and $120 tax
|
107 | 99 | 214 | 193 | ||||||||||||
Defined
benefit pension and postretirement plans, net of ($822), $6,471, ($754)
and $7,404 tax
|
(1,319 | ) | 10,382 | (1,209 | ) | 11,879 | ||||||||||
Net change in
other comprehensive income (loss), net of tax
|
(3,678 | ) | 11,051 | (4,304 | ) | 13,031 | ||||||||||
COMPREHENSIVE INCOME
|
$ | 88,489 | 123,316 | 176,623 | 203,166 |
June
30,
|
December
31,
|
|||||||
2008
|
2007
|
|||||||
(Dollars
in thousands)
|
||||||||
ASSETS
|
||||||||
CURRENT
ASSETS
|
||||||||
Cash
and cash equivalents
|
$ | 63,900 | 34,402 | |||||
Accounts
receivable, less allowance of $15,163 and $20,361
|
232,501 | 223,027 | ||||||
Materials
and supplies, at average cost
|
8,783 | 8,558 | ||||||
Other
|
26,132 | 26,412 | ||||||
Total
current assets
|
331,316 | 292,399 | ||||||
NET
PROPERTY, PLANT AND EQUIPMENT
|
||||||||
Property,
plant and equipment
|
8,751,414 | 8,666,106 | ||||||
Accumulated
depreciation
|
(5,783,574 | ) | (5,557,730 | ) | ||||
Net
property, plant and equipment
|
2,967,840 | 3,108,376 | ||||||
GOODWILL
AND OTHER ASSETS
|
||||||||
Goodwill
|
4,010,027 | 4,010,916 | ||||||
Other
|
858,881 | 772,862 | ||||||
Total
goodwill and other assets
|
4,868,908 | 4,783,778 | ||||||
TOTAL
ASSETS
|
$ | 8,168,064 | 8,184,553 | |||||
LIABILITIES
AND EQUITY
|
||||||||
CURRENT
LIABILITIES
|
||||||||
Current
maturities of long-term debt
|
$ | 45,344 | 279,898 | |||||
Accounts
payable
|
114,762 | 120,381 | ||||||
Accrued
expenses and other liabilities
|
||||||||
Salaries
and benefits
|
95,847 | 64,380 | ||||||
Income
taxes
|
12,735 | 54,233 | ||||||
Other
taxes
|
56,088 | 48,961 | ||||||
Interest
|
74,442 | 80,103 | ||||||
Other
|
29,838 | 30,942 | ||||||
Advance
billings and customer deposits
|
61,062 | 57,637 | ||||||
Total
current liabilities
|
490,118 | 736,535 | ||||||
LONG-TERM
DEBT
|
3,016,243 | 2,734,357 | ||||||
DEFERRED
CREDITS AND OTHER LIABILITIES
|
1,286,666 | 1,304,456 | ||||||
STOCKHOLDERS'
EQUITY
|
||||||||
Common
stock, $1.00 par value, authorized 350,000,000 shares,
|
||||||||
issued
and outstanding 103,677,471 and 108,491,736 shares
|
103,677 | 108,492 | ||||||
Paid-in
capital
|
16,317 | 91,147 | ||||||
Accumulated
other comprehensive loss, net of tax
|
(47,011 | ) | (42,707 | ) | ||||
Retained
earnings
|
3,301,180 | 3,245,302 | ||||||
Preferred
stock - non-redeemable
|
874 | 6,971 | ||||||
Total
stockholders’ equity
|
3,375,037 | 3,409,205 | ||||||
TOTAL
LIABILITIES AND EQUITY
|
$ | 8,168,064 | 8,184,553 |
Six
months
|
||||||||
ended June 30,
|
||||||||
2008
|
2007
|
|||||||
(Dollars
in thousands)
|
||||||||
OPERATING
ACTIVITIES
|
||||||||
Net
income
|
$ | 180,927 | 190,135 | |||||
Adjustments
to reconcile net income to net cash provided by operating
activities:
|
||||||||
Depreciation
and amortization
|
266,638 | 262,095 | ||||||
Gain
on asset disposition and liquidation of marketable
securities
|
(8,641 | ) | - | |||||
Deferred
income taxes
|
13,425 | 30,005 | ||||||
Share-based
compensation
|
7,551 | 10,348 | ||||||
Income
from unconsolidated cellular entity
|
(8,695 | ) | (6,530 | ) | ||||
Distributions
from unconsolidated cellular entity
|
11,918 | - | ||||||
Changes
in current assets and current liabilities:
|
||||||||
Accounts
receivable
|
(9,615 | ) | 24,316 | |||||
Accounts
payable
|
(6,281 | ) | 1,106 | |||||
Accrued
income and other taxes
|
(32,629 | ) | 27,071 | |||||
Other
current assets and other current liabilities, net
|
(8,501 | ) | 18,342 | |||||
Retirement
benefits
|
18,202 | 14,647 | ||||||
Excess
tax benefits from share-based compensation
|
(74 | ) | (6,312 | ) | ||||
Decrease
in other noncurrent assets
|
2,254 | 3,653 | ||||||
Decrease
in other noncurrent liabilities
|
(5,479 | ) | (11,667 | ) | ||||
Other,
net
|
5,987 | 816 | ||||||
Net
cash provided by operating activities
|
426,987 | 558,025 | ||||||
INVESTING
ACTIVITIES
|
||||||||
Acquisitions,
net of cash acquired
|
- | (307,424 | ) | |||||
Payments
for property, plant and equipment
|
(114,398 | ) | (106,856 | ) | ||||
Purchase
of wireless spectrum
|
(148,964 | ) | - | |||||
Proceeds
from liquidation of marketable securities
|
34,945 | - | ||||||
Proceeds
from sale of nonoperating investment
|
4,209 | - | ||||||
Other,
net
|
(1,870 | ) | 1,523 | |||||
Net
cash used in investing activities
|
(226,078 | ) | (412,757 | ) | ||||
FINANCING
ACTIVITIES
|
||||||||
Payments
of debt
|
(250,225 | ) | (667,132 | ) | ||||
Net
proceeds from issuance of long-term debt
|
275,000 | 741,840 | ||||||
Net
proceeds from the issuance of short-term debt
|
- | 64,000 | ||||||
Proceeds
from issuance of common stock
|
6,047 | 42,292 | ||||||
Repurchase
of common stock
|
(209,688 | ) | (302,033 | ) | ||||
Net
proceeds from settlement of hedges
|
20,745 | - | ||||||
Cash
dividends
|
(14,346 | ) | (14,480 | ) | ||||
Excess
tax benefits from share-based compensation
|
74 | 6,312 | ||||||
Other,
net
|
982 | 1,790 | ||||||
Net
cash used in financing activities
|
(171,411 | ) | (127,411 | ) | ||||
Net
increase in cash and cash equivalents
|
29,498 | 17,857 | ||||||
Cash
and cash equivalents at beginning of period
|
34,402 | 25,668 | ||||||
Cash
and cash equivalents at end of period
|
$ | 63,900 | 43,525 | |||||
Supplemental
cash flow information:
|
||||||||
Income
taxes paid
|
$ | 136,062 | 72,928 | |||||
Interest
paid (net of capitalized interest of $1,406 and $522)
|
$ | 103,543 | 96,227 |
Six
months
|
||||||||
ended June 30,
|
||||||||
2008
|
2007
|
|||||||
(Dollars
in thousands)
|
||||||||
COMMON
STOCK
|
||||||||
Balance
at beginning of period
|
$ | 108,492 | 113,254 | |||||
Issuance
of common stock through dividend reinvestment, incentive and benefit
plans
|
805 | 1,552 | ||||||
Repurchase
of common stock
|
(5,952 | ) | (6,606 | ) | ||||
Conversion
of preferred stock into common stock
|
332 | 1 | ||||||
Balance
at end of period
|
103,677 | 108,201 | ||||||
PAID-IN
CAPITAL
|
||||||||
Balance
at beginning of period
|
91,147 | 24,256 | ||||||
Issuance
of common stock through dividend reinvestment,
incentive and benefit plans
|
5,242 | 40,740 | ||||||
Repurchase
of common stock
|
(93,033 | ) | - | |||||
Conversion
of preferred stock into common stock
|
5,765 | 10 | ||||||
Excess
tax benefits from share-based compensation
|
74 | 6,312 | ||||||
Share-based
compensation and other
|
7,122 | 10,348 | ||||||
Balance
at end of period
|
16,317 | 81,666 | ||||||
ACCUMULATED
OTHER COMPREHENSIVE LOSS, NET OF TAX
|
||||||||
Balance
at beginning of period
|
(42,707 | ) | (104,942 | ) | ||||
Change
in other comprehensive loss (net of reclassification adjustment), net of
tax
|
(4,304 | ) | 13,031 | |||||
Balance
at end of period
|
(47,011 | ) | (91,911 | ) | ||||
RETAINED
EARNINGS
|
||||||||
Balance
at beginning of period
|
3,245,302 | 3,150,933 | ||||||
Net
income
|
180,927 | 190,135 | ||||||
Repurchase
of common stock
|
(110,703 | ) | (295,427 | ) | ||||
Cumulative
effect of adoption of FIN 48
|
- | 478 | ||||||
Cash
dividends declared
|
||||||||
Common
stock - $.135 and $.13 per share, respectively
|
(14,172 | ) | (14,294 | ) | ||||
Preferred
stock
|
(174 | ) | (186 | ) | ||||
Balance
at end of period
|
3,301,180 | 3,031,639 | ||||||
PREFERRED
STOCK - NON-REDEEMABLE
|
||||||||
Balance
at beginning of period
|
6,971 | 7,450 | ||||||
Conversion
of preferred stock into common stock
|
(6,097 | ) | (11 | ) | ||||
Balance
at end of period
|
874 | 7,439 | ||||||
TOTAL STOCKHOLDERS' EQUITY
|
$ | 3,375,037 | 3,137,034 |
(1)
|
Basis
of Financial Reporting
|
(2)
|
Acquisition
|
(3)
|
Goodwill
and Other Intangible Assets
|
June
30,
|
Dec.
31,
|
|||||||
2008
|
2007
|
|||||||
(Dollars
in thousands)
|
||||||||
Goodwill
|
$ | 4,010,027 | 4,010,916 | |||||
Intangible
assets subject to amortization
|
||||||||
Customer base
|
||||||||
Gross
carrying amount
|
$ | 181,309 | 181,309 | |||||
Accumulated
amortization
|
(26,771 | ) | (18,149 | ) | ||||
Net
carrying amount
|
$ | 154,538 | 163,160 | |||||
Intangible assets not subject to
amortization
|
$ | 42,750 | 42,750 |
(4)
|
Postretirement
Benefits
|
Three
months
|
Six
months
|
|||||||||||||||
ended
June 30,
|
ended
June 30,
|
|||||||||||||||
2008
|
2007
|
2008
|
2007
|
|||||||||||||
(Dollars
in thousands)
|
||||||||||||||||
Service
cost
|
$ | 1,238 | 1,732 | 2,493 | 3,450 | |||||||||||
Interest
cost
|
4,828 | 5,039 | 9,802 | 10,057 | ||||||||||||
Expected
return on plan assets
|
(581 | ) | (620 | ) | (1,180 | ) | (1,241 | ) | ||||||||
Amortization
of unrecognized actuarial loss
|
- | 899 | - | 1,798 | ||||||||||||
Amortization of unrecognized prior service
cost
|
(651 | ) | (505 | ) | (1,302 | ) | (1,010 | ) | ||||||||
Net periodic postretirement benefit
cost
|
$ | 4,834 | 6,545 | 9,813 | 13,054 |
(5)
|
Defined
Benefit Retirement Plans
|
Three
months
|
Six
months
|
|||||||||||||||
ended
June 30,
|
ended
June 30,
|
|||||||||||||||
2008
|
2007
|
2008
|
2007
|
|||||||||||||
(Dollars
in thousands)
|
||||||||||||||||
Service
cost
|
$ | 4,070 | 4,609 | 8,759 | 9,226 | |||||||||||
Interest
cost
|
6,580 | 7,071 | 13,217 | 13,976 | ||||||||||||
Expected
return on plan assets
|
(7,946 | ) | (9,170 | ) | (16,695 | ) | (18,219 | ) | ||||||||
Curtailment
loss
|
7,655 | - | 8,235 | - | ||||||||||||
Net amortization and
deferral
|
759 | 1,592 | 1,588 | 3,816 | ||||||||||||
Net periodic pension
expense
|
$ | 11,118 | 4,102 | 15,104 | 8,799 |
(6)
|
Stock-based
Compensation
|
Average
|
||||||||||||||||
remaining
|
Aggregate
|
|||||||||||||||
Number
|
Average
|
contractual
|
intrinsic
|
|||||||||||||
of options
|
price
|
term (in years)
|
value
|
|||||||||||||
Outstanding
|
3,581,891 | $ | 36.76 | 6.2 | $ | 5,881,000 | ||||||||||
Exercisable
|
2,633,831 | $ | 34.70 | 5.4 | $ | 5,834,000 |
(7)
|
Business
Segments
|
Three
months
|
Six
months
|
|||||||||||||||
ended
June 30,
|
ended
June 30,
|
|||||||||||||||
2008
|
2007
|
2008
|
2007
|
|||||||||||||
(Dollars
in thousands)
|
||||||||||||||||
Voice
|
$ | 219,901 | 222,677 | 440,381 | 434,573 | |||||||||||
Network
access
|
207,904 | 266,202 | 416,602 | 477,601 | ||||||||||||
Data
|
131,060 | 108,206 | 257,832 | 204,070 | ||||||||||||
Fiber
transport and CLEC
|
43,166 | 40,714 | 82,799 | 79,040 | ||||||||||||
Other
|
56,075 | 52,192 | 109,106 | 95,562 | ||||||||||||
Total
operating revenues
|
$ | 658,106 | 689,991 | 1,306,720 | 1,290,846 |
(8)
|
Recent
Accounting Pronouncements
|
Balance
|
||||||||||||||||
Description
|
June 30, 2008
|
Level 1
|
Level 2
|
Level 3
|
||||||||||||
(Dollars in thousands) | ||||||||||||||||
Cash
surrender value of life insurance contracts
|
$ | 96,297 | 96,297 | - | - | |||||||||||
Total
assets measured at fair value
|
$ | 96,297 | 96,297 | - | - |
(9)
|
Commitments
and Contingencies
|
(10)
|
Other
Events
|
Three
months
|
||||||||
ended
June 30,
|
||||||||
2008
|
2007
|
|||||||
(Dollars,
except per share amounts,
|
||||||||
and
shares in thousands)
|
||||||||
Operating
income
|
$ | 180,690 | 231,836 | |||||
Interest
expense
|
(49,166 | ) | (57,667 | ) | ||||
Other
income (expense)
|
12,907 | 8,080 | ||||||
Income tax expense
|
(52,264 | ) | (69,984 | ) | ||||
Net
income
|
$ | 92,167 | 112,265 | |||||
Basic
earnings per share
|
$ | .89 | 1.03 | |||||
Diluted
earnings per share
|
$ | .88 | 1.00 | |||||
Average
basic shares outstanding
|
103,644 | 108,405 | ||||||
Average
diluted shares outstanding
|
104,273 | 113,721 |
Three
months
|
||||||||
ended
June 30,
|
||||||||
2008
|
2007
|
|||||||
(Dollars
in thousands)
|
||||||||
Voice
|
$ | 219,901 | 222,677 | |||||
Network
access
|
207,904 | 266,202 | ||||||
Data
|
131,060 | 108,206 | ||||||
Fiber
transport and CLEC
|
43,166 | 40,714 | ||||||
Other
|
56,075 | 52,192 | ||||||
$ | 658,106 | 689,991 |
Three
months
|
||||||||
ended
June 30,
|
||||||||
2008
|
2007
|
|||||||
(Dollars
in thousands)
|
||||||||
Cost
of services and products (exclusive of depreciation and
amortization)
|
$ | 239,626 | 226,388 | |||||
Selling,
general and administrative
|
106,836 | 97,456 | ||||||
Depreciation and
amortization
|
130,954 | 134,311 | ||||||
$ | 477,416 | 458,155 |
Six
months
|
||||||||
ended June 30,
|
||||||||
2008
|
2007
|
|||||||
(Dollars,
except per share amounts,
|
||||||||
and
shares in thousands)
|
||||||||
Operating
income
|
$ | 364,183 | 399,919 | |||||
Interest
expense
|
(99,288 | ) | (104,628 | ) | ||||
Other
income (expense)
|
21,324 | 13,370 | ||||||
Income tax expense
|
(105,292 | ) | (118,526 | ) | ||||
Net income
|
$ | 180,927 | 190,135 | |||||
Basic earnings per share
|
$ | 1.72 | 1.73 | |||||
Diluted earnings per share
|
$ | 1.71 | 1.67 | |||||
Average basic shares
outstanding
|
104,893 | 109,718 | ||||||
Average diluted shares
outstanding
|
105,635 | 115,015 |
Six
months
|
||||||||
ended
June 30,
|
||||||||
2008
|
2007
|
|||||||
(Dollars
in thousands)
|
||||||||
Voice
|
$ | 440,381 | 434,573 | |||||
Network
access
|
416,602 | 477,601 | ||||||
Data
|
257,832 | 204,070 | ||||||
Fiber
transport and CLEC
|
82,799 | 79,040 | ||||||
Other
|
109,106 | 95,562 | ||||||
$ | 1,306,720 | 1,290,846 |
Six
months
|
||||||||
ended
June 30,
|
||||||||
2008
|
2007
|
|||||||
(Dollars
in thousands)
|
||||||||
Cost
of services and products (exclusive of depreciation and
amortization)
|
$ | 477,438 | 439,919 | |||||
Selling,
general and administrative
|
198,461 | 188,913 | ||||||
Depreciation and
amortization
|
266,638 | 262,095 | ||||||
$ | 942,537 | 890,927 |
Item
1.
|
Legal
Proceedings.
|
Item
1A.
|
Risk
Factors.
|
Item
2.
|
Unregistered Sales of
Equity Securities and Use of
Proceeds
|
Total
|
Approximate
|
|||||||||||||||
Number
of
|
Dollar
Value
|
|||||||||||||||
Shares
|
of
Shares
|
|||||||||||||||
Purchased
as
|
that
|
|||||||||||||||
Part
of Publicly
|
May
Yet Be
|
|||||||||||||||
Total
Number
|
Announced
|
Purchased
|
||||||||||||||
of
Shares
|
Average
Price
|
Plans
or
|
Under
the Plans
|
|||||||||||||
Period
|
Purchased
|
Per Share
|
Programs
|
or Programs
|
||||||||||||
April
1 – April 30, 2008
|
1,120,736 | $ | 31.84 | 1,120,736 | $ | 461,906,924 | ||||||||||
May
1 – May 31, 2008
|
1,344,300 | $ | 34.98 | 1,344,300 | $ | 414,884,810 | ||||||||||
June
1 – June 30, 2008
|
893,400 | $ | 35.02 | 893,400 | $ | 383,600,194 | ||||||||||
Total
|
3,358,436 | $ | 33.94 | 3,358,436 |
Item
4.
|
Submission of Matters
to a Vote of Security
Holders
|
Class II Nominees
|
For
|
Withheld
|
||
Virginia
Boulet
|
130,680,381
|
6,250,754
|
||
Calvin
Czeschin
|
130,196,574
|
6,734,561
|
||
James
B. Gardner
|
125,492,658
|
11,438,477
|
||
Gregory
J. McCray
|
131,694,137
|
5,236,998
|
Class I
|
Class III
|
|
Williams
R. Boles, Jr.
|
Fred
R. Nichols
|
|
W.
Bruce Hanks
|
Harvey
P. Perry
|
|
C.G.
Melville, Jr.
|
Jim
D. Reppond
|
|
Glen
F. Post, III
|
Joseph
R. Zimmel
|
Item
6.
|
Exhibits and Reports
on Form 8-K
|
|
A.
|
Exhibits
|
|
11
|
Computations
of Earnings Per Share.
|
|
31.1
|
Registrant’s
Chief Executive Officer certification pursuant to Section 302 of the
Sarbanes-Oxley Act of 2002.
|
|
31.2
|
Registrant’s
Chief Financial Officer certification pursuant to Section 302 of the
Sarbanes-Oxley Act of 2002.
|
|
32
|
Registrant’s
Chief Executive Officer and Chief Financial Officer certification pursuant
to
|
|
Section
906 of the Sarbanes-Oxley Act of
2002.
|
|
B.
|
Reports on Form
8-K
|
CenturyTel,
Inc.
|
|
Date:
August 1, 2008
|
/s/ Neil A. Sweasy
|
Neil
A. Sweasy
|
|
Vice
President and Controller
|
|
(Principal
Accounting Officer)
|