GCI Liberty, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2018 and Pro-Forma Earnings Results for the Second Quarter of 2018; Provides Capital Expenditures Guidance for 2018
For the six months, the company reported net cash provided by operating activities of $47,397,000 compared to $145,421,000 a year ago. Capital expended for property and equipment was $40,303,000 compared to $1,751,000 a year ago. Through the first half of the year, they have invested $66 million in capital expenditures.
The company reported consolidated pro-forma earnings results for the second quarter of 2018. For the quarter, the reported total revenue of $228,505,000 compared to $225,699,000 a year ago. Operating income was $19,521,000 compared to $13,851,000 a year ago. Adjusted OBIDA was $78,535,000 compared to $76,466,000 a year ago.
GCI's capital expenditures for 2018 are expected to be approximately $170 million.