Endurance International Group Holdings, Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2017; Provides Earnings Guidance for the Full Year 2018; Reports Impairment Charges for the Fourth Quarter Ended December 31, 2017
For fiscal year 2017, revenue was $1.177 billion, an increase of 6% compared to $1.111 billion in fiscal 2016. For fiscal year 2017, net loss was $99.8 million compared to a net loss of $81.2 million for fiscal 2016. For fiscal year 2017, net loss attributable to the company was $107.3 million, or $0.78 per diluted share, compared to a net loss of $72.8 million, or $0.55 per diluted share, for fiscal 2016. Adjusted EBITDA for fiscal year 2017 was $350.8 million, an increase of 22% compared to $288.4 million in fiscal 2016. Cash flow from operations for fiscal year 2017 was $201.3 million, an increase of 30% compared to $155.0 million for fiscal 2016. Loss before income taxes and equity earnings of unconsolidated was $117,175,000 compared to $189,790,000 a year ago. Purchases of intangible assets was $1,966,000 compared to $27,000 a year ago. Capital expenditures and capital lease obligations was $50,452,000 compared to $43,151,000 a year ago.
For the full year 2018, the company expected GAAP revenue to be in the range of $1.140 to $1.160 billion, adjusted EBITDA to be in the range of $310 million to $330 million and free cash flow to be $120 million. The company estimated net loss to be in the range of $27 million to $7 million, estimated interest expense (net) to be $135 million, estimated income tax expense (benefit) to be $8 million, estimated depreciation to be $55 million and estimated amortization of acquired intangible assets to be $100 million. The company estimated cash flow from operations of $178 million and estimated capital expenditures and capital lease obligations of $58 million.
For the fourth quarter ended December 31, 2017, the company reported impairment of goodwill of $12,129,000. Impairment of long-lived assets was $4,883,000 compared to $754,000 a year ago. Impairment of other long-lived assets was $17,012,000 compared to $754,000 a year ago.