DigitalGlobe, Inc. Reports Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2016; Provides Earnings Guidance for the Year 2017
For the year, the company's revenue was $725.4 million compared with $702.4 million a year ago. Income from operations was $102.1 million compared with $60.8 million a year ago. Income before income taxes was $48.7 million compared with $33.4 million a year ago. Net income available to common stockholders was $21.5 million or $0.34 per basic and diluted share compared with $18.5 million or $0.26 per basic and diluted share a year ago. EBITDA was $329.8 million compared with $342.2 million a year ago. Adjusted EBITDA was $382.7 million compared with $355.7 million a year ago. Net cash flows provided by operating activities was $301.6 million compared with $329.7 million a year ago. Capital expenditures was $192.0 million compared with $163.4 million a year ago. Property and equipment additions were $0.3 million compared with $2.5 million a year ago.
For the year 2017, the company expects revenue in a range of $840 million to $865 million, adjusted EBITDA in a range of $380 million to $395 million, and capital expenditures of approximately $100 million.