Windstream Holdings, Inc. Reports Unaudited Consolidated Financial Results for the Second Quarter and Half Year Ended June 30, 2017; Updates Earnings Guidance for the Year 2017
August 03, 2017 at 04:30 pm IST
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Windstream Holdings, Inc. reported unaudited consolidated financial results for the second quarter and half year ended June 30, 2017. For the quarter, total revenues and sales were $1,491.6 million against $1,359.6 million a year ago. Operating income was $106.8 million against $154.6 million a year ago. Loss before income taxes was $107.7 million against $9.9 million a year ago. Net loss was $68.1 million or $0.37 per basic and diluted share against income of $1.5 million or $0.01 per basic and diluted share a year ago. Net cash provided from operating activities was $221.2 million against $297.3 million a year ago. Capital expenditures under GAAP were $264.4 million against $246.5 million a year ago. Adjusted capital expenditures were $231.7 million against $226.2 million a year ago. Adjusted revenues and sales was $1,491.6 million against $1,606.5 million a year ago. Adjusted OIBDAR was $500.3 million against $538.6 million a year ago. Adjusted OIBDA was $336.9 million against $375.2 million a year ago. OIBDA was $469.2 million.
For the half year, total revenues and sales were $2,857.3 million against $2,733.0 million a year ago. Operating income was $152.8 million against $312.3 million a year ago. Loss before income taxes was $276.0 million against $272.8 million a year ago. Net loss was $179.4 million or $1.15 per basic and diluted share against $230.4 million or $2.48 per basic and diluted share a year ago. Net cash provided from operating activities was $353.7 million against $424.5 million a year ago. Capital expenditures under GAAP were $507.8 million against $510.3 million a year ago. Adjusted capital expenditures were $462.2 million against $474.9 million a year ago. Adjusted revenues and sales was $3,006.8 million against $3,238.0 million a year ago. Adjusted OIBDAR was $998.7 million against $1,084.6 million a year ago. Adjusted OIBDA was $671.9 million against $757.7 million a year ago. OIBDA was $853.7 million.
The company updated its previously provided financial guidance to include the acquisition of Broadview Networks on July 28, 2017. The company expects service revenue similar to 2016 trends and adjusted OIBDAR between $2.02 billion and $2.04 billion. The company expects capital expenditures between $790 million and $840 million. The company still expects free cash flow to be in the range of $200 million. Adjusted CapEx will remain at $790 million to $840 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. Reports Unaudited Consolidated Financial Results for the Second Quarter and Half Year Ended June 30, 2017; Updates Earnings Guidance for the Year 2017
WINDSTREAM HOLDINGS, INC. 
