Windstream Holdings, Inc. Announces Unaudited Consolidated Financial Results for the Quarter and Year Ended December 31, 2017; Provides Financial Guidance for the Year 2018
February 22, 2018 at 05:30 pm IST
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Windstream Holdings, Inc. announced unaudited consolidated financial results for the quarter and year ended December 31, 2017. For the quarter, the company reported total revenue & sales of $1,497.9 million against $1,309.1 million for the same period a year ago. Operating loss was $1,789.3 million against income of $73.7 million for the same period a year ago. Loss before income taxes was $2,080.4 million against $142.1 million for the same period a year ago. Net loss was $1,835.7 million against $86.9 million for the same period a year ago. Basic and diluted loss per share was $10.26 per share against $0.94 per share for the same period a year ago. Adjusted revenues and sales were $1,497.9 million against $1,544.9 million for the same period a year ago. Net cash provided from operating activities was $325.3 million against $302.3 million for the same period a year ago. Capital expenditures under GAAP were $184.4 million against $236.4 million for the same period a year ago. Adjusted capital expenditures were $172.0 million against $211.6 million for the same period a year ago. Adjusted Free Cash Flow was $47.0 million.
For the year, the company reported total revenue & sales of $5,852.9 million against $5,387.0 million for the same period a year ago. Operating loss was $1,593.5 million against income of $515.4 million for the same period a year ago. Loss before income taxes was $2,524.7 million against $523.5 million for the same period a year ago. Net loss was $2,116.6 million against $383.5 million for the same period a year ago. Basic and diluted loss per share was $12.52 per share against $4.11 per share for the same period a year ago. Adjusted revenues and sales were $6,002.4 million against $6,369.3 million for the same period a year ago. Net cash provided from operating activities was $950.7 million against $924.4 million for the same period a year ago. Capital expenditures under GAAP were $908.6 million against $989.8 million for the same period a year ago. Adjusted capital expenditures were $839.4 million against $900.1 million for the same period a year ago. Adjusted Free Cash Flow was $142.8 million.
For the year 2018, the company expects service revenue trends to be slightly improved versus 2017 trends. The company expects adjusted OIBDAR to be in the range of $1.95 billion to $2.01 billion. Adjusted capital expenditures are expected to be between $750 million and $800 million. The company expects to generate adjusted free cash flow of approximately $165 million. The outlook assumes cash interest on long-term debt of approximately $385 million.
Windstream Holdings, Inc. is a United States-based company which is engaged in providing advanced network communications and technology solutions for consumers, businesses, enterprise organizations and wholesale customers in the United States. The Company also provides data, cloud solutions, unified communications and managed services to small business and enterprise clients. The Company operates through four segments: ILEC consumer & small business, which offers consumer services, such as high-speed Internet, traditional voice and video services, and broadband services; wholesale segment, which provides 100 Gbps bandwidth and transport services to wholesale customers, including telecom companies, content providers, and cable and other network operators; enterprise, which offers network and communication services to enterprise customers, and CLEC consumer and Small Business, which offers integrated voice and data services, advanced data and traditional voice and long-distance services.
Windstream Holdings, Inc. Announces Unaudited Consolidated Financial Results for the Quarter and Year Ended December 31, 2017; Provides Financial Guidance for the Year 2018