Consolidated Communications Announces First Quarter 2024 Financial Results
Consolidated Communications Announces First Quarter 2024 Financial Results
MATTOON, Ill.--(BUSINESS WIRE)-- Consolidated Communications Holdings, Inc. (Nasdaq: CNSL) (the "Company" or "Consolidated"), a top 10 fiber provider in the U.S., today reported results for first quarter 2024.
伊利诺伊州马通 - (美通社)- Consolidated Communications Holdings,Inc.(Nasdaq:CNSL)(“公司”或“Consolidated”),美国十大光纤提供商之一,今天报告了2024年第一季度的业绩。
First Quarter 2024 Results
2024年第一季度业绩
- Revenue totaled $274.7 million
- Overall consumer revenue was $114.8 million
- Consumer fiber broadband revenue was $41.6 million
- Total consumer broadband net adds were 6,338
- Consumer broadband revenue was $79.9 million
- Commercial data services revenue was $54.7 million
- Carrier data-transport revenue was $31.0 million
- Net loss was ($47.2 million). Adjusted EBITDA was $88.4 million
- Total committed capital expenditures were $83.7 million
- 营业收入总额为2.747亿美元。
- 整体消费者收入为1.148亿美元。
- 消费者光纤宽带收入为4160万美元。
- 消费者宽带总净增加为6,338。
- 消费者宽带收入为7,990万美元。
- 商业数据服务收入为5,470万美元。
- 运营商数据传输收入为3,100万美元。
- 净亏损为(4,720万美元)。调整后的EBITDA为8,840万美元。
- 总承诺的资本支出为8,370万美元。
Cost of services and products and selling, general and administrative expenses collectively decreased $15.8 million versus the prior year largely due to decreased USF contributions, lower video programming costs, a reduction in salaries driven by certain cost savings initiatives, and lower access expense.
服务和产品成本以及销售、总务和行政费用与去年同期相比减少1,580万美元,主要是由于USF贡献减少,视频编程成本降低,某些成本节约措施带来的工资降低以及减少的准入费用。
Net interest expense was $42.5 million, an increase of $8.6 million versus the prior year, primarily as a result of higher interest rates on the term loan, in addition to decreased interest income due to lower cash holdings in the current quarter. At Mar. 31, 2024, the Company had 73% of its total outstanding debt at a fixed rate through September 2026. As of Mar. 31, 2024, the weighted average cost of debt was 7.14%.
净利息费用为4,250万美元,比去年同期增加860万美元,主要是由于在期限贷款上的利率上升以及由于当前季度现金持有量下降导致的利息收入下降。截至2024年3月31日,公司总未偿还债务的73%将通过2026年9月的固定利率进行抵消。截至2024年3月31日,平均债务成本为7.14%。
Net loss in the first quarter of 2024 was ($47.2 million) compared to net loss of ($47.7 million) in the first quarter of 2023. Net loss per share was ($0.41) in the first quarter of 2024 as compared to net loss per share of ($0.42) in the first quarter of 2023. Adjusted diluted net income (loss) per share excludes certain items as outlined in the table provided in this release. Adjusted diluted net loss per share was ($0.27) compared to ($0.28) in the first quarter of 2023.
2024年第一季度净亏损为(4,720万美元),去年同期净亏损为(4,770万美元)。每股净亏损为(0.41)美元,相比之下,去年同期每股净亏损为(0.42)美元。根据本发布中提供的表格所述,调整后的摊薄净收益(亏损)每股除外某些项目。2024年第一季度的调整后的摊薄净亏损每股为(0.27)美元,相比之下,20123年第一季度为(0.28)美元。
Capital Expenditures
资本支出
Total committed capital expenditures were $83.7 million, driven by 10,783 new fiber passings, first quarter fiber adds, and reflect the usage of existing inventory for install and build activity.
由于新增的10,783个光纤通过和第一季度的光纤添加,总承诺的资本支出为8,370万美元,并反映了现有库存的使用情况,以进行安装和建设活动。
Capital Structure
资本结构;
On Mar. 21, 2024, the Company, as borrower, entered into an $80 million term loan agreement ("Term Loan Agreement") with Searchlight CVL AGG, L.P. as lender. The Term Loan Agreement provides the Company with the ability to borrow on the loan in the event either the aggregate amount of available loans to be drawn under the Company's revolving credit facility is less than $25.0 million or drawing under the Company's revolving credit facility would trigger the financial maintenance covenant thereunder and the Company would not be in compliance with such covenant on a pro forma basis, subject to the satisfaction of certain other customary conditions.
2024年3月21日,作为借款人的该公司与贷方Searchlight CVL AGG,LP签订了一份8,000万美元的贷款协议(“贷款协议”)。如果公司的循环信贷可用贷款总额不足2,500万美元,或从公司的循环信贷中募集引发财务维持契约的情况下,该贷款协议允许该公司在满足某些其他惯例条件的情况下借款。
As of Mar. 31, 2024, the Company maintained liquidity with cash and short-term investments of approximately $7 million, as well as $111 million of available borrowing capacity under the Company's revolving credit facility and $80 million undrawn under its Term Loan Agreement, in each case, subject to certain covenants. The net debt leverage ratio for the trailing 12 months ended Mar. 31, 2024, was 6.76x.
截至2024年3月31日,公司保持流动性,现金和短期投资约为700万美元,以及保证公司可用的可借金额为1.11亿美元和其贷款协议下未使用的8000万美元,但均受某些契约的约束。截至2024年3月31日,过去12个月的净债务杠杆为6.76倍。
Washington Asset Sale
华盛顿资产销售
On May 1, 2024, Consolidated completed the sale of its Washington assets.
2024年5月1日,Consolidated完成了华盛顿资产的出售。
Pending Transaction
交易进行中
As previously announced on Oct. 16, 2023, Consolidated entered into an agreement to be acquired by affiliates of Searchlight Capital Partners, L.P. and British Columbia Investment Management Corporation in an all-cash transaction with an enterprise value of approximately $3.1 billion, including the assumption of debt. On Jan. 31, 2024, at a special meeting of shareholders, approximately 75% of shares held by disinterested shareholders voted to approve the proposal to adopt the merger agreement and approve the pending transaction. The transaction will result in Consolidated becoming a private company and is expected to close by the first quarter of 2025, subject to customary closing conditions, including receipt of regulatory approvals. The transaction is not subject to a financing condition. Following the closing of the transaction, shares of Consolidated common stock will no longer be traded or listed on any public securities exchange.
正如2023年10月16日先前宣布的那样,Consolidated已与Searchlight Capital Partners,L.P.和British Columbia Investment Management Corporation达成协议,以全部现金的方式收购该公司,交易企业价值约为31亿美元,包括负债承担。在2024年1月31日的股东特别会议上,大约75%的不受关联方影响的股东持股投票赞成批准并通过合并协议以及通过等待交易。交易将使Consolidated成为私人公司,预计将在2025年第一季度关闭,但须满足惯常的关闭条件,包括获得监管批准。交易不受融资条件限制。交易完成后,Consolidated普通股将不再在任何公共证券交易所上交易或上市。
In light of the transaction, Consolidated will not host an earnings conference call.
针对此交易,联合通讯将不举行盈利电话会议。
About Consolidated Communications
关于联合通讯
Consolidated Communications Holdings, Inc. (Nasdaq: CNSL) is dedicated to moving people, businesses and communities forward by delivering the most reliable fiber communications solutions. Consumers, businesses and wireless and wireline carriers depend on Consolidated for a wide range of high-speed internet, data, phone, security, cloud and wholesale carrier solutions. With a network spanning over 61,000 fiber route miles, Consolidated is a top 10 U.S. fiber provider, turning technology into solutions that are backed by exceptional customer support. Learn more at consolidated.com.
Consolidated Communications Holdings, Inc.(纳斯达克: CNSL)致力于提供最可靠的光纤通信解决方案,以推进人们,企业和社区的发展。消费者,企业,无线和有线运营商依靠Consolidated提供各种高速互联网、数据、电话、安全、云和批发运营商解决方案。Consolidated的网络覆盖超过61,000英里的纤维路线,是美国前十大光纤提供商之一。将技术转化为受到卓越客户支持的解决方案。请访问consolidated.com了解更多信息。(纳斯达克:CNSL)致力于通过提供最可靠的光纤通信解决方案,推动人们、企业和社区前进。消费者、企业、无线和有线载体都依赖Consolidated提供各种高速互联网、数据、电话、安全、云和批发载体解决方案。Consolidated网络覆盖超过61000英里的光纤路线,是美国排名前十的光纤提供商,将技术转化为由卓越的客户支持支撑的解决方案。了解更多信息,请访问。consolidated.com.
Use of Non-GAAP Financial Measures
使用非 GAAP 财务指标
This press release includes disclosures regarding "EBITDA," "adjusted EBITDA," "Net debt leverage ratio," and "adjusted diluted net income (loss) per share," all of which are non-GAAP financial measures. Accordingly, they should not be construed as alternatives to net cash from operating or investing activities, cash and cash equivalents, cash flows from operations, net income or net income per share as defined by GAAP and are not, on their own, necessarily indicative of cash available to fund cash needs as determined in accordance with GAAP. In addition, not all companies use identical calculations, and the non-GAAP financial measures may not be comparable to other similarly titled measures of other companies. A reconciliation of these non-GAAP financial measures to the most directly comparable financial measures presented in accordance with GAAP is included in the tables that follow.
本新闻稿包括关于"EBITDA," "调整后的EBITDA," "净债务杠杆比率"和"调整后的摊薄每股净收益(亏损)"的披露,这些都是非美国通用会计准则下的财务指标。因此,它们不应被视为现金流量来代替营业或投资活动,现金及现金等价物,操作现金流量,净收入或按美国通用会计准则定义的每股净收入,并且它们本身并不能自行成为根据美国通用会计准则确定现金用途的指标。此外,并非所有公司使用相同的计算方法,而且非美国通用会计准则下的财务指标可能无法与其他公司的类似指标进行比较。与根据美国通用会计准则提交的最直接可比较的财务指标相对应的这些非美国通用会计准则的财务指标,都在接下来的表格中得到了说明。
Adjusted EBITDA is comprised of EBITDA, adjusted for certain items as permitted or required by the lenders under our credit agreement in place at the end of each quarter in the periods presented. The tables that follow include an explanation of how adjusted EBITDA is calculated for each of the periods presented with the reconciliation to net income (loss). EBITDA is defined as net income (loss) before interest expense, income taxes, depreciation and amortization on a historical basis.
调整后的EBITDA包括在每个季度结束时这些时期根据我们现行信贷协议允许或要求的某些项目进行调整的EBITDA. 随附在这些表格之后的是有关如何为呈现的每个时期计算已调整EBITDA以及与净收益(亏损)协调的解释。EBITDA是根据历史的利润(损失)减去利息费用、所得税、折旧和摊销费用计算而得的。
We present adjusted EBITDA for several reasons. Management believes adjusted EBITDA is useful as a means to evaluate our ability to fund our estimated uses of cash (including interest on our debt). In addition, we have presented adjusted EBITDA to investors in the past because it is frequently used by investors, securities analysts and other interested parties in the evaluation of companies in our industry, and management believes presenting it here provides a measure of consistency in our financial reporting. Adjusted EBITDA, referred to as Available Cash in our credit agreement, is also a component of the restrictive covenants and financial ratios contained in our credit agreement that requires us to maintain compliance with these covenants and limit certain activities, such as our ability to incur debt. The definitions in these covenants and ratios are based on Adjusted EBITDA after giving effect to specified charges. In addition, Adjusted EBITDA provides our board of directors with meaningful information, with other data, assumptions and considerations, to measure our ability to service and repay debt. We present the related "Net debt leverage ratio" principally to help investors understand how we measure leverage and facilitate comparisons by investors, security analysts and others. Total net debt is defined as the current and long-term portions of debt and finance lease obligations less cash, cash equivalents and short-term investments, deferred debt issuance costs and discounts on debt. Our Net debt leverage ratio differs in certain respects from the similar ratio used in our credit agreement or against comparable measures of certain other companies in our industry. These measures differ in certain respects from the ratios used in our senior notes indenture.
我们提供了几个原因来解释为什么展现调整后的EBITDA。管理层认为调整后的EBITDA是评估我们资金估算(包括债务利息)的能力的一种有用方法。此外,由于它经常被投资者、证券分析师和其他利益相关方在我们行业的公司评估中所使用,我们曾在过去向投资者展示过调整后的EBITDA,而管理层认为在此展示它可以提供我们的财务报表的一致性指标。调整后的EBITDA(在我们的信贷协议中称为可用现金)也是我们信贷协议中的限制性契约和财务比率的组成部分,根据这些契约和比率,我们必须遵守这些契约并限制特定活动,例如我们承担债务的能力。这些契约和比率中的定义是基于特定的费用影响后的调整EBITDA。另外,不同于我们行业某些其他公司采用的类似比率,我们展现相关的净债务杠杆比率主要是为帮助投资者理解我们如何测量杠杆,以及便于投资者、证券分析师和其他人进行比较。总净债务被定义为债务和融资租赁义务的当期和长期部分减去现金、现金等价物和短期投资物、推迟的发债成本和债券折扣。我们的净债务杠杆比率在某些方面与我们信贷协议中使用的类似比率或某些其他公司的可比措施不同。而且,这些措施与我们资深票据契约中使用的比率在某些方面也不同。
These non-GAAP financial measures have certain shortcomings. In particular, Adjusted EBITDA does not represent the residual cash flows available for discretionary expenditures, since items such as debt repayment and interest payments are not deducted from such measure. In addition, the Net debt leverage ratio is subject to the risk that we may not be able to use the cash on the balance sheet to reduce our debt on a dollar-for-dollar basis. Management believes this ratio is useful as a means to evaluate our ability to incur additional indebtedness in the future.
这些非美国通用会计准则财务指标存在一些缺陷。特别是,调整后的EBITDA不代表剩余的可自由支配现金流,因为债务偿还和利息支付等项目未从这一计算中扣除。此外,净债务杠杆比率受到的风险是我们可能无法从资产负债表上的现金以按比例去减轻债务的风险。管理层认为,这一比率是评估我们将来负债能力的一种有用方法。
We present the non-GAAP measure "adjusted diluted net income (loss) per share" because our net income (loss) and net income (loss) per share are regularly affected by items that occur at irregular intervals or are non-cash items. We believe that disclosing these measures assists investors, securities analysts and other interested parties in evaluating both our company over time and the relative performance of the companies in our industry.
我们展现了非美国通用会计准则的衡量方法"调整后的摊薄每股净收益(亏损)",因为我们的净收入(亏损)和每股净收入(亏损)经常受到不定期发生或非现金项目的影响。我们相信,披露这些指标有助于投资者、证券分析师和其他利益相关方评估我们公司的长期表现及我们行业内公司的相对表现。
Forward-Looking Statements
前瞻性声明
Certain statements in this press release, including those relating to the current expectations, plans, strategies, and the timeline for consummating the take private transaction with Searchlight Capital Partners, L.P. and British Columbia Investment Management Corporation by the first quarter of 2025, are forward-looking statements and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect, among other things, our current expectations, plans, strategies and anticipated financial results. There are a number of risks, uncertainties and conditions that may cause our actual results to differ materially from those expressed or implied by these forward-looking statements, including: significant competition in all parts of our business and among our customer channels; our ability to adapt to rapid technological changes; shifts in our product mix that may result in a decline in operating profitability; continued receipt of support from various funds established under federal and state laws; disruptions in our networks and infrastructure and any related service delays or disruptions could cause us to lose customers and incur additional expenses; cyber-attacks may lead to unauthorized access to confidential customer, personnel and business information that could adversely affect our business; our operations require substantial capital expenditures and our business, financial condition, results of operations and liquidity may be impacted if funds for capital expenditures are not available when needed; our ability to obtain and maintain necessary rights-of-way for our networks; our ability to obtain necessary hardware, software and operational support from third-party vendors; substantial video content costs continue to rise; our ability to enter into new collective bargaining agreements or renew existing agreements; our ability to attract and/or retain certain key management and other personnel in the future; risks associated with acquisitions and the realization of anticipated benefits from such acquisitions; increasing attention to, and evolving expectations for, environmental, social and governance initiatives; unfavorable changes in financial markets could affect pension plan investments; weak economic conditions; the risk that the proposed transaction may not be completed in a timely manner or at all; the possibility that any or all of the various conditions to the consummation of the proposed transaction may not be satisfied or waived, including the failure to receive any required regulatory approvals from any applicable governmental entities (or any conditions, limitations or restrictions placed on such approvals); the occurrence of any event, change or other circumstance that could give rise to the termination of the definitive transaction agreement relating to the proposed transaction, including in circumstances which would require the Company to pay a termination fee; the effect of the announcement or pendency of the proposed transaction on the Company's ability to attract, motivate or retain key executives and employees, its ability to maintain relationships with its customers, suppliers and other business counterparties, or its operating results and business generally; risks related to the proposed transaction diverting management's attention from the Company's ongoing business operations; the amount of costs, fees and expenses related to the proposed transaction; the risk that the Company's stock price may decline significantly if the proposed transaction is not consummated; the risk of shareholder litigation in connection with the proposed transaction, including resulting expense or delay; and the other risk factors described in Part I, Item 1A of Risk Factors in our Annual Report on Form 10-K for the year ended December 31, 2023 and the other risk factors identified from time to time in the Company's other filings with the SEC. Filings with the SEC are available on the SEC's website at http://www.sec.gov. Many of these circumstances are beyond our ability to control or predict. Moreover, forward-looking statements necessarily involve assumptions on our part. These forward-looking statements generally are identified by the words "believe," "expect," "anticipate," "estimate," "project," "intend," "plan," "should," "may," "will," "would," "will be," "will continue" or similar expressions. All forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by the cautionary statements that appear throughout this press release. Furthermore, undue reliance should not be placed on forward-looking statements, which are based on the information currently available to us and speak only as of the date they are made. Except as required under federal securities laws or the rules and regulations of the Securities and Exchange Commission, we disclaim any intention or obligation to update or revise publicly any forward-looking statements.
本新闻稿中的某些声明,包括那些涉及当前的期望、计划、策略以及在其交易完成时限前由Searchlight Capital Partners, L.P.和British Columbia Investment Management Corporation进行私有化交易的时间表等内容,是向依据私人证券诉讼改革法(1995年)的安全港规定所作的前瞻性声明。这些前瞻性声明反映了其他事项,包括我们当前的期望、计划、策略和预期的财务结果。有许多风险、不确定性和条件可能会使我们的实际结果与这些前瞻性声明所表达的结果有所不同,包括:在我们的业务的所有部分和客户渠道中都存在着严重的竞争;我们的产品混合比例可能导致营业利润下降;我们必须安排资本性支出(包括资本性租赁)以维持和增强我们的基础设施;未来,可能不会有资金来融资资本性支出;必须获得必要的资讯网络的权利以维护我们的网络;我们必须从第三方供应商获得必要的硬件、软件和操作支持;视频内容的成本继续上涨;我们能否达成新的集体谈判协议或续签现有的协议;我们能否吸引和/或保留某些关键管理人员和其他人员;收购风险以及从这些收购中实现预期收益的风险;环境、社会和治理倡议日益受到关注和正在演变的预期有;金融市场不利变化可能影响养老金计划投资、弱势经济状况;提出的交易可能无法及时完成或根本无法完成;可能存在各种各样的风险、不确定性和条件,可能会导致对建议交易的交易协议的终止,包括可能导致公司支付终止费用的情况;由于可能导致被购买公司支付终止费用的种种情况导致关于建议交易的声明或等待的影响,包括:公司吸引、激励或保留关键高管和员工的能力,其与其客户、供应商及其他业务对手的关系或其业务及业务总体的运营结果;建议的交易相关的风险可能会分散管理层的注意力,使其心神不宁,可能使其无法专注于公司的日常业务;与建议的交易相关的成本、费用和开支的数量;如果建议的交易未完成,则公司的股价可能会大幅下降;与建议的交易有关的股东诉讼的风险,包括与其相关的开支或延迟;以及在我们2023年12月31日终止的10-K年度报告中的第I部分,第1A条中描述的其他风险因素,以及在美国证券交易委员会的其他文件中不时发现的其他风险因素。可在美国证券交易委员会网站上获得有关文件。http://www.sec.gov许多这些情况超出了我们的能力范围和预测范围。此外,前瞻性陈述必然涉及我们的假设。这些前瞻性陈述通常由“相信”、“期望”、“预计”、“估计”、“计划”、“意图”、“安排”、“应该”、“可能”、“将会”、“将会”、“将继续”或类似表达方式。我们或代表我们行事的人所作的所有前瞻性陈述,在其整个文中均明确受到警示性声明的限制。此外,不应过分依赖基于我们目前可用信息并只有在其发布日期说明的前瞻性陈述。除非根据联邦证券法或证券交易委员会的规则和法规的要求,否则我们不承担更新或公开修订任何前瞻性陈述的任何意图或义务。
Tag: [Consolidated-Communications-Earnings]
标签:[综合通信收益]
Consolidated Communications Holdings, Inc. | ||||||||
Condensed Consolidated Balance Sheets | ||||||||
(Dollars in thousands, except share and per share amounts) | ||||||||
(Unaudited) | ||||||||
March 31, | December 31, | |||||||
2024 |
2023 | |||||||
ASSETS | ||||||||
Current assets: | ||||||||
Cash and cash equivalents | $ |
7,363 | $ |
4,765 | ||||
Accounts receivable, net |
109,353 |
121,194 | ||||||
Income tax receivable |
3,070 |
2,880 | ||||||
Prepaid expenses and other current assets |
62,738 |
56,843 | ||||||
Assets held for sale |
70,971 |
70,473 | ||||||
Total current assets |
253,495 |
256,155 | ||||||
Property, plant and equipment, net |
2,461,004 |
2,449,009 | ||||||
Investments |
8,648 |
8,887 | ||||||
Goodwill |
814,624 |
814,624 | ||||||
Customer relationships, net |
14,543 |
18,616 | ||||||
Other intangible assets |
10,557 |
10,557 | ||||||
Other assets |
79,371 |
70,578 | ||||||
Total assets | $ |
3,642,242 | $ |
3,628,426 | ||||
LIABILITIES, MEZZANINE EQUITY AND SHAREHOLDERS' EQUITY | ||||||||
Current liabilities: | ||||||||
Accounts payable | $ |
20,529 | $ |
60,073 | ||||
Advance billings and customer deposits |
48,579 |
44,478 | ||||||
Accrued compensation |
47,901 |
58,151 | ||||||
Accrued interest |
36,275 |
18,694 | ||||||
Accrued expense |
96,750 |
114,022 | ||||||
Current portion of long-term debt and finance lease obligations |
19,234 |
18,425 | ||||||
Liabilities held for sale |
3,147 |
3,402 | ||||||
Total current liabilities |
272,415 |
317,245 | ||||||
Long-term debt and finance lease obligations |
2,234,667 |
2,134,916 | ||||||
Deferred income taxes |
201,047 |
210,648 | ||||||
Pension and other post-retirement obligations |
136,460 |
137,616 | ||||||
Other long-term liabilities |
46,298 |
48,637 | ||||||
Total liabilities |
2,890,887 |
2,849,062 | ||||||
Series A Preferred Stock, par value $0.01 per share; 10,000,000 shares authorized, 434,266 shares outstanding as of March 31, 2024 and December 31, 2023, respectively; liquidation preference of $532,643 and $520,957 as of March 31, 2024 and December 31, 2023, respectively |
384,277 |
372,590 | ||||||
Shareholders' equity: | ||||||||
Common stock, par value $0.01 per share; 150,000,000 shares authorized, 118,429,666 and 116,172,568 shares outstanding as of March 31, 2024 and December 31, 2023, respectively |
1,184 |
1,162 | ||||||
Additional paid-in capital |
671,241 |
681,757 | ||||||
Accumulated deficit |
(297,876) |
(262,380) | ||||||
Accumulated other comprehensive loss, net |
(15,691) |
(21,872) | ||||||
Noncontrolling interest |
8,220 |
8,107 | ||||||
Total shareholders' equity |
367,078 |
406,774 | ||||||
Total liabilities, mezzanine equity and shareholders' equity | $ |
3,642,242 | $ |
3,628,426 |
联合通讯控股有限公司。 | ||||||||
压缩合并资产负债表 | ||||||||
(以千美元为单位,除每股股数和每股股价外) | ||||||||
(未经审计) | ||||||||
3月31日 | 12月31日 | |||||||
2024 |
2023 | |||||||
资产 | ||||||||
流动资产: | ||||||||
现金及现金等价物 | $ |
7,363 | $ |
4,765 | ||||
应收账款净额 |
109,353 |
121,194 | ||||||
应收所得税 |
3,070 |
2,880 | ||||||
资产预付款和其他流动资产的变动 |
62,738 |
56,843 | ||||||
待售资产 |
70,971 |
70,473 | ||||||
总流动资产 |
253,495 |
256,155 | ||||||
物业、厂房和设备,净值 |
2,461,004 |
2,449,009 | ||||||
投资 |
8,648 |
8,887 | ||||||
商誉 |
814,624 |
814,624 | ||||||
客户关系净额 |
14,543 |
18,616 | ||||||
其他无形资产 |
10,557 |
10,557 | ||||||
其他 |
79,371 |
70,578 | ||||||
总资产 | $ |
3,642,242 | $ |
3,628,426 | ||||
负债、中间股权及股东权益 | ||||||||
流动负债: | ||||||||
应付账款 | $ |
20,529 | $ |
60,073 | ||||
预付账款及客户定金 |
48,579 |
44,478 | ||||||
应计的薪资 |
47,901 |
58,151 | ||||||
应计利息 |
36,275 |
18,694 | ||||||
应计费用 |
96,750 |
114,022 | ||||||
长期债务及融资租赁负债的本期部分 |
19,234 |
18,425 | ||||||
待售负债 |
3,147 |
3,402 | ||||||
流动负债合计 |
272,415 |
317,245 | ||||||
长期负债和融资租赁负债 |
2,234,667 |
2,134,916 | ||||||
延迟所得税 |
201,047 |
210,648 | ||||||
养老金及其他离退休福利 |
136,460 |
137,616 | ||||||
其他长期负债 |
46,298 |
48,637 | ||||||
负债合计 |
2,890,887 |
2,849,062 | ||||||
A系列优先股,每股面值0.01美元;授权发行10,000,000股,截至2024年3月31日和2023年12月31日分别有434,266股和434,266股流通;清算优先权分别为532,643美元和520,957美元。 |
384,277 |
372,590 | ||||||
股东权益: | ||||||||
普通股,每股面值0.01美元;授权发行15亿股,截至2024年3月31日有1.184296亿股和2023年12月31日有1.161726亿股流通。 |
1,184 |
1,162 | ||||||
额外实收资本 |
671,241 |
681,757 | ||||||
累积赤字 |
(297,876) |
(262,380) | ||||||
合计其他综合损失,净额 |
(15,691) |
(21,872) | ||||||
非控股权益 |
8,220 |
8,107 | ||||||
股东权益合计 |
367,078 |
406,774 | ||||||
总负债、优先股和股东权益 | $ |
3,642,242 | $ |
3,628,426 |
Consolidated Communications Holdings, Inc. | ||||||||
Condensed Consolidated Statements of Operations | ||||||||
(Dollars in thousands, except per share amounts) | ||||||||
(Unaudited) | ||||||||
Three Months Ended | ||||||||
March 31, | ||||||||
2024 |
2023 | |||||||
Net revenues | $ |
274,675 | $ |
276,126 | ||||
Operating expenses: | ||||||||
Cost of services and products |
113,459 |
131,938 | ||||||
Selling, general and administrative expenses |
83,955 |
81,284 | ||||||
Transaction costs |
2,925 |
— | ||||||
Loss on disposal of assets |
— |
3,304 | ||||||
Depreciation and amortization |
80,633 |
77,699 | ||||||
Loss from operations |
(6,297) |
(18,099) | ||||||
Other income (expense): | ||||||||
Interest expense, net of interest income |
(42,451) |
(33,860) | ||||||
Other, net |
1,593 |
2,758 | ||||||
Loss before income taxes |
(47,155) |
(49,201) | ||||||
Income tax benefit |
(11,772) |
(12,240) | ||||||
Net loss |
(35,383) |
(36,961) | ||||||
Less: dividends on Series A preferred stock |
11,687 |
10,587 | ||||||
Less: net income attributable to noncontrolling interest |
113 |
143 | ||||||
Net loss attributable to common shareholders | $ |
(47,183) | $ |
(47,691) | ||||
Net loss per basic and diluted common shares attributable to common shareholders | $ |
(0.41) | $ |
(0.42) |
联合通讯控股有限公司。 | ||||||||
简明的汇总操作表 | ||||||||
(以千美元为单位,除每股金额外) | ||||||||
(未经审计) | ||||||||
三个月之内结束 | ||||||||
3月31日 | ||||||||
2024 |
2023 | |||||||
净收入 | $ |
274,675 | $ |
276,126 | ||||
营业费用: | ||||||||
服务和产品成本 |
113,459 |
131,938 | ||||||
销售,总务及管理费用 |
83,955 |
81,284 | ||||||
交易费用 |
2,925 |
— | ||||||
资产处置损失 |
— |
3,304 | ||||||
折旧和摊销 |
80,633 |
77,699 | ||||||
经营亏损 |
(6,297) |
(18,099) | ||||||
其他收入(支出): | ||||||||
利息费用,利息收入净额 |
(42,451) |
(33,860) | ||||||
其他,净额 |
1,593股普通股的购买期权。 |
2,758 | ||||||
税前亏损 |
(47,155) |
(49,201) | ||||||
所得税收益 |
(11,772) |
(12,240) | ||||||
净亏损 |
(35,383) |
(36,961) | ||||||
Less: 分红派息(A股) |
11,687 |
10,587 | ||||||
Less: 非控制权益净利润 |
113 |
143 | ||||||
归属于普通股股东的净亏损 | $ |
(47,183) | $ |
(47,691) | ||||
归属于普通股股东的基本和稀释每股净亏损 | $ |
(0.41) | $ |
(0.42) |
Consolidated Communications Holdings, Inc. | ||||||||
Condensed Consolidated Statements of Cash Flows | ||||||||
(Dollars in thousands) | ||||||||
(Unaudited) | ||||||||
Three Months Ended | ||||||||
March 31, | ||||||||
2024 |
2023 | |||||||
OPERATING ACTIVITIES | ||||||||
Net loss | $ |
(35,383) | $ |
(36,961) | ||||
Adjustments to reconcile net loss to net cash provided by operating activities: | ||||||||
Depreciation and amortization |
80,633 |
77,699 | ||||||
Deferred income tax expense (benefit) |
(11,791) |
5,604 | ||||||
Pension and post-retirement contributions in excess of expense |
(1,702) |
(2,861) | ||||||
Non-cash, stock-based compensation |
1,681 |
799 | ||||||
Amortization of deferred financing costs and discounts |
1,957 |
1,847 | ||||||
Loss on disposal of assets |
— |
3,304 | ||||||
Other adjustments, net |
(1,283) |
(418) | ||||||
Changes in operating assets and liabilities, net |
(28,442) |
6,073 | ||||||
Net cash provided by operating activities |
5,670 |
55,086 | ||||||
INVESTING ACTIVITIES | ||||||||
Purchase of property, plant and equipment, net |
(98,032) |
(130,826) | ||||||
Proceeds from sale of assets |
76 |
292 | ||||||
Proceeds from sale and maturity of investments |
714 |
1,623 | ||||||
Net cash used in investing activities |
(97,242) |
(128,911) | ||||||
FINANCING ACTIVITIES | ||||||||
Proceeds from issuance of long-term debt |
100,000 |
— | ||||||
Payment of finance lease obligations |
(4,837) |
(3,114) | ||||||
Payment of financing costs |
(504) |
— | ||||||
Share repurchases for minimum tax withholding |
(489) |
(1,036) | ||||||
Net cash provided by (used in) financing activities |
94,170 |
(4,150) | ||||||
Net change in cash and cash equivalents |
2,598 |
(77,975) | ||||||
Cash and cash equivalents at beginning of period |
4,765 |
325,852 | ||||||
Cash and cash equivalents at end of period | $ |
7,363 | $ |
247,877 |
联合通讯控股有限公司。 | ||||||||
简明的综合现金流量表 | ||||||||
(以千美元计) | ||||||||
(未经审计) | ||||||||
三个月之内结束 | ||||||||
3月31日 | ||||||||
2024 |
2023 | |||||||
营业收入 | ||||||||
净亏损 | $ |
(35,383) | $ |
(36,961) | ||||
调整使净损失转化为经营活动产生的现金流量: | ||||||||
折旧和摊销 |
80,633 |
77,699 | ||||||
递延所得税支出(收益) |
(11,791) |
5,604 | ||||||
超过费用的养老和退休金缴款 |
(1,702) |
(2,861) | ||||||
非现金,以股票为基础的报酬 |
1,681 |
799 | ||||||
摊销延期融资费用和折扣 |
1,957 |
1,847 | ||||||
资产处置损失 |
— |
3,304 | ||||||
其他调整,净额 |
(1,283) |
(418) | ||||||
经营资产及负债净变动 |
(28,442) |
6,073 | ||||||
经营活动产生的现金流量净额 |
5,670 |
55,086 | ||||||
投资活动 | ||||||||
购置固定资产净值 |
(98,032) |
(130,826) | ||||||
资产出售收益 |
76 |
292 | ||||||
出售和到期投资的收益 |
714 |
1,623 | ||||||
投资活动产生的净现金流出 |
(97,242) |
(128,911) | ||||||
筹资活动 | ||||||||
长期债务发行的收益 |
100,000 |
— | ||||||
支付融资租赁义务 |
(4,837) |
(3,114) | ||||||
支付融资成本 |
(504) |
— | ||||||
股票回购以支付最低税金 |
(489) |
(1,036) | ||||||
筹集资金的净现金流量 |
94,170 |
(4,150) | ||||||
现金及现金等价物净变动额 |
2,598 |
(77,975) | ||||||
期初现金及现金等价物余额 |
4,765 |
325,852 | ||||||
期末现金及现金等价物 | $ |
7,363 | $ |
247,877 |
Consolidated Communications Holdings, Inc. | ||||||
Consolidated Revenue by Category | ||||||
(Dollars in thousands) | ||||||
(Unaudited) | ||||||
Three Months Ended | ||||||
March 31, | ||||||
2024 |
2023 | |||||
Consumer: | ||||||
Broadband (Data and VoIP) | $ |
79,882 | $ |
67,961 | ||
Voice services |
28,336 |
32,263 | ||||
Video services |
6,626 |
9,594 | ||||
114,844 |
109,818 | |||||
Commercial: | ||||||
Data services (includes VoIP) |
54,681 |
53,134 | ||||
Voice services |
30,711 |
32,631 | ||||
Other |
8,964 |
9,756 | ||||
94,356 |
95,521 | |||||
Carrier: | ||||||
Data and transport services |
31,048 |
32,923 | ||||
Voice services |
3,794 |
4,367 | ||||
Other |
235 |
350 | ||||
35,077 |
37,640 | |||||
Subsidies |
6,806 |
7,036 | ||||
Network access |
22,468 |
24,444 | ||||
Other products and services |
1,124 |
1,667 | ||||
Total operating revenue | $ |
274,675 | $ |
276,126 |
联合通讯控股有限公司。 | ||||||
按类别合并的营业收入 | ||||||
(以千美元计) | ||||||
(未经审计) | ||||||
三个月之内结束 | ||||||
3月31日 | ||||||
2024 |
2023 | |||||
消费 | ||||||
宽带(数据和VoIP) | $ |
79,882 | $ |
67,961 | ||
语音服务 |
28,336 |
32,263 | ||||
视频服务业 |
6,626 |
9,594 | ||||
114,844 |
109,818 | |||||
商业: | ||||||
数据服务业(包括VoIP) |
54,681 |
53,134 | ||||
语音服务 |
30,711 |
32,631 | ||||
其他 |
8,964 |
9,756 | ||||
94,356 |
95,521 | |||||
运营商: | ||||||
数据和传输服务 |
31,048 |
32,923 | ||||
语音服务 |
3,794 |
4,367 | ||||
其他 |
235 |
350 | ||||
35,077 |
37,640 | |||||
补贴 |
6,806 |
7,036 | ||||
网络访问 |
22,468 |
24,444 | ||||
其他产品和服务 |
1,124 |
1,667 | ||||
营业收入总额 | $ |
274,675 | $ |
276,126 |
Consolidated Communications Holdings, Inc. | |||||||||||||||
Consolidated Revenue Trend by Category | |||||||||||||||
(Dollars in thousands) | |||||||||||||||
(Unaudited) | |||||||||||||||
Three Months Ended | |||||||||||||||
Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | |||||||||||
Consumer: | |||||||||||||||
Broadband (Data and VoIP) | $ |
79,882 | $ |
76,458 | $ |
75,089 | $ |
71,339 | $ |
67,961 | |||||
Voice services |
28,336 |
29,935 |
31,616 |
31,352 |
32,263 | ||||||||||
Video services |
6,626 |
7,460 |
8,541 |
9,362 |
9,594 | ||||||||||
114,844 |
113,853 |
115,246 |
112,053 |
109,818 | |||||||||||
Commercial: | |||||||||||||||
Data services (includes VoIP) |
54,681 |
54,473 |
53,870 |
53,230 |
53,134 | ||||||||||
Voice services |
30,711 |
31,217 |
31,825 |
32,236 |
32,631 | ||||||||||
Other |
8,964 |
10,521 |
9,228 |
10,378 |
9,756 | ||||||||||
94,356 |
96,211 |
94,923 |
95,844 |
95,521 | |||||||||||
Carrier: | |||||||||||||||
Data and transport services |
31,048 |
31,713 |
31,388 |
31,224 |
32,923 | ||||||||||
Voice services |
3,794 |
2,868 |
4,090 |
4,263 |
4,367 | ||||||||||
Other |
235 |
243 |
262 |
313 |
350 | ||||||||||
35,077 |
34,824 |
35,740 |
35,800 |
37,640 | |||||||||||
Subsidies |
6,806 |
6,902 |
6,878 |
7,072 |
7,036 | ||||||||||
Network access |
22,468 |
22,217 |
20,842 |
22,747 |
24,444 | ||||||||||
Other products and services |
1,124 |
1,171 |
10,025 |
1,646 |
1,667 | ||||||||||
Total operating revenue | $ |
274,675 | $ |
275,178 | $ |
283,654 | $ |
275,162 | $ |
276,126 |
联合通讯控股有限公司。 | |||||||||||||||
按类别归纳的综合营业收入趋势 | |||||||||||||||
(以千美元计) | |||||||||||||||
(未经审计) | |||||||||||||||
三个月之内结束 | |||||||||||||||
2024年第一季度 ("Q1 2024") | 2023年第四季度 | 2023年第三季度 | 2023年第二季度 | 2023年第一季度 | |||||||||||
消费 | |||||||||||||||
宽带(数据和VoIP) | $ |
79,882 | $ |
76,458 | $ |
75,089 | $ |
71,339 | $ |
67,961 | |||||
语音服务 |
28,336 |
29,935 |
31,616 |
31,352 |
32,263 | ||||||||||
视频服务业 |
6,626 |
7,460 |
8,541 |
9,362 |
9,594 | ||||||||||
114,844 |
113,853 |
115,246 |
112,053 |
109,818 | |||||||||||
商业: | |||||||||||||||
数据服务业(包括VoIP) |
54,681 |
54,473 |
53,870 |
53,230 |
53,134 | ||||||||||
语音服务 |
30,711 |
31,217 |
31,825 |
32,236 |
32,631 | ||||||||||
其他 |
8,964 |
10,521 |
9,228 |
10,378 |
9,756 | ||||||||||
94,356 |
96,211 |
94,923 |
95,844 |
95,521 | |||||||||||
运营商: | |||||||||||||||
数据和传输服务 |
31,048 |
31,713 |
31,388 |
31,224 |
32,923 | ||||||||||
语音服务 |
3,794 |
2,868 |
4,090 |
4,263 |
4,367 | ||||||||||
其他 |
235 |
243 |
262 |
313 |
350 | ||||||||||
35,077 |
34,824 |
35,740 |
35,800 |
37,640 | |||||||||||
补贴 |
6,806 |
6,902 |
6,878 |
7,072 |
7,036 | ||||||||||
网络访问 |
22,468 |
22,217 |
20,842 |
22,747 |
24,444 | ||||||||||
其他产品和服务 |
1,124 |
1,171 |
10,025 |
1,646 |
1,667 | ||||||||||
营业收入总额 | $ |
274,675 | $ |
275,178 | $ |
283,654 | $ |
275,162 | $ |
276,126 |
Consolidated Communications Holdings, Inc. | ||||||||
Reconciliation of Net Loss to Adjusted EBITDA | ||||||||
(Dollars in thousands) | ||||||||
(Unaudited) | ||||||||
Three Months Ended | ||||||||
March 31, | ||||||||
2024 |
2023 | |||||||
Net loss | $ |
(35,383) | $ |
(36,961) | ||||
Add (subtract): | ||||||||
Income tax benefit |
(11,772) |
(12,240) | ||||||
Interest expense, net |
42,451 |
33,860 | ||||||
Depreciation and amortization |
80,633 |
77,699 | ||||||
EBITDA |
75,929 |
62,358 | ||||||
Adjustments to EBITDA (1): | ||||||||
Other, net (2) |
10,727 |
10,030 | ||||||
Pension/OPEB benefit |
62 |
(1,141) | ||||||
Loss on disposal of assets |
— |
3,304 | ||||||
Non-cash compensation (3) |
1,681 |
799 | ||||||
Adjusted EBITDA | $ |
88,399 | $ |
75,350 | ||||
Notes: | ||||||||
(1) These adjustments reflect those required or permitted by the lenders under our credit agreement. | ||||||||
(2) Other, net includes income attributable to noncontrolling interests, transaction and non-recurring related costs, and certain miscellaneous items. | ||||||||
(3) Represents compensation expenses in connection with our Restricted Share Plan, which because of the non-cash nature of the expenses are excluded from adjusted EBITDA. |
联合通讯控股有限公司。 | ||||||||
净亏损对调整后息税折旧及摊销前利润的调节 | ||||||||
(以千美元计) | ||||||||
(未经审计) | ||||||||
三个月之内结束 | ||||||||
3月31日 | ||||||||
2024 |
2023 | |||||||
净亏损 | $ |
(35,383) | $ |
(36,961) | ||||
加(减): | ||||||||
所得税收益 |
(11,772) |
(12,240) | ||||||
利息费用,净额 |
42,451 |
33,860 | ||||||
折旧和摊销 |
80,633 |
77,699 | ||||||
EBITDA |
75,929 |
62,358 | ||||||
EBITDA的调整(1): | ||||||||
其他,净额(2) |
10,727 |
10,030 | ||||||
养老金或OPEB福利的受益 |
62 |
(-1,141) | ||||||
资产处置损失 |
— |
3,304 | ||||||
非现金补偿(3) |
1,681 |
799 | ||||||
调整后的EBITDA | $ |
88,399 | $ |
75,350 | ||||
注: | ||||||||
(1) 这些调整反映了基于我们的信用协议所需或允许的调整。 | ||||||||
(2)其他,净额包括归属于非控股权益的收益、交易和非经常性相关成本以及某些杂项项目。 | ||||||||
(3) 表示与我们的限制股份计划相关的补偿支出,由于支出的非现金性质,因此在调整后的EBITDA中被排除。 |
Consolidated Communications Holdings, Inc. | |||||||||
Reconciliation of Loss Attributable to Common Shareholders to Adjusted Loss and Calculation of Adjusted Diluted Net Loss Per Common Share | |||||||||
(Dollars in thousands, except per share amounts) | |||||||||
(Unaudited) | |||||||||
Three Months Ended | |||||||||
March 31, | |||||||||
2024 |
2023 | ||||||||
Net loss | $ |
(35,383) | $ |
(36,961) | |||||
Less: dividends on Series A preferred stock |
11,687 |
10,587 | |||||||
Less: net income attributable to noncontrolling interest |
113 |
143 | |||||||
Net loss attributable to common shareholders |
(47,183) |
(47,691) | |||||||
Adjustments to net loss attributable to common shareholders: | |||||||||
Dividends on Series A preferred stock |
11,687 |
10,587 | |||||||
Transaction and severance related costs, net of tax |
3,191 |
2,648 | |||||||
Loss on disposition of assets, net of tax |
— |
2,441 | |||||||
Non-cash interest expense for swaps, net of tax |
— |
(338) | |||||||
Non-cash stock compensation, net of tax |
1,241 |
590 | |||||||
Adjusted net loss | $ |
(31,064) | $ |
(31,763) | |||||
Weighted average number of common shares outstanding |
114,134 |
112,939 | |||||||
Adjusted diluted net loss per common share | $ |
(0.27) | $ |
(0.28) | |||||
Notes: | |||||||||
Calculations above assume a 26.1% effective tax rate for each of the three months ended March 31, 2024 and 2023. |
联合通讯控股有限公司。 | |||||||||
归属于普通股股东的亏损与调整亏损的和解及调整每股普通股调整净亏损的计算 | |||||||||
(以千美元为单位,除每股金额外) | |||||||||
(未经审计) | |||||||||
三个月之内结束 | |||||||||
3月31日 | |||||||||
2024 |
2023 | ||||||||
净亏损 | $ |
(35,383) | $ |
(36,961) | |||||
Less: 分红派息(A股) |
11,687 |
10,587 | |||||||
Less: 非控制权益净利润 |
113 |
143 | |||||||
归属于普通股股东的净亏损 |
(47,183) |
(47,691) | |||||||
调整为普通股股东净亏损额: | |||||||||
分红派息(A股) |
11,687 |
10,587 | |||||||
交易和离职相关成本,税后 |
3,191 |
2,648 | |||||||
非货币性交易成本净损失,税后 |
— |
2,441 | |||||||
利率互换非货币性利息费用,税后 |
— |
(338) | |||||||
非货币性股票报酬,税后 |
1,241 |
590 | |||||||
第一季度2024年的调整后的净亏损 | $ |
(31,064) | $ |
(31,763) | |||||
加权平均股份在外 |
114,134 |
112,939 | |||||||
调整后的每股稀释净亏损 | $ |
(0.27) | $ |
(-0.28) | |||||
注: | |||||||||
以上计算假设2024年和2023年三个月的有效税率为26.1%。 |
Consolidated Communications Holdings, Inc. | ||||
Reconciliation of Total Net Debt to LTM Adjusted EBITDA Ratio | ||||
(Dollars in thousands) | ||||
(Unaudited) | ||||
March 31, | ||||
2024 | ||||
Long-term debt and finance lease obligations: | ||||
Term loans, net of discount $6,585 | $ |
993,290 | ||
6.50% Senior secured notes due 2028 |
750,000 | |||
5.00% Senior secured notes due 2028 |
400,000 | |||
Revolving loan |
100,000 | |||
Finance leases |
38,347 | |||
Total debt as of March 31, 2024 |
2,281,637 | |||
Less: deferred debt issuance costs |
(27,736) | |||
Less: cash, cash equivalents and short-term investments |
(7,363) | |||
Total net debt as of March 31, 2024 | $ |
2,246,538 | ||
Adjusted EBITDA for the 12 months ended March 31, 2024 | $ |
332,248 | ||
Total Net Debt to last 12 months Adjusted EBITDA | 6.76x |
联合通讯控股有限公司。 | ||||
总净债务和最近十二个月调整后的税息折旧及摊销比率的调和。 | ||||
(以千美元计) | ||||
(未经审计) | ||||
3月31日 | ||||
2024 | ||||
长期债务和融资租赁义务: | ||||
贷款(扣除折扣)6585美元净额 | $ |
993,290 | ||
2028年到期的6.50%优先担保票据 |
750000 | |||
2028年到期的5.00%优先担保票据 |
400,000 | |||
循环贷款 |
100,000 | |||
融资租赁 |
38,347 | |||
截至2024年3月31日的总债务 |
2,281,637 | |||
减:推迟的债务发行成本 |
(27,736) | |||
减:现金、现金等价物和短期投资 |
(7,363) | |||
截至2024年3月31日的净债务 | $ |
2,246,538 | ||
截至2024年3月31日的最近十二个月调整后的税息折旧及摊销 | $ |
332,248 | ||
总净债务与最近12个月调整后的税息折旧及摊销比率 | 6.76x |
Consolidated Communications Holdings, Inc. | |||||||||||||||||||||||||||||
Key Operating Metrics | |||||||||||||||||||||||||||||
(Unaudited) | |||||||||||||||||||||||||||||
2023 | |||||||||||||||||||||||||||||
FY 2022 | Q1 | Q2 | Q3 | Q4 | FY | Q1 2024 | |||||||||||||||||||||||
Passings | |||||||||||||||||||||||||||||
Total Fiber Gig+ Capable Passings (1)(2)(3) |
1,008,660 |
1,062,518 |
1,119,956 |
1,187,076 |
1,236,208 |
1,236,208 |
1,246,991 | ||||||||||||||||||||||
Total DSL/Copper Passings (2)(3) |
1,617,077 |
1,564,889 |
1,509,875 |
1,447,539 |
1,401,535 |
1,401,535 |
1,392,698 | ||||||||||||||||||||||
Total Passings (1)(2)(3) |
2,625,737 |
2,627,407 |
2,629,831 |
2,634,615 |
2,637,743 |
2,637,743 |
2,639,689 | ||||||||||||||||||||||
% Fiber Gig+ Coverage/Total Passings |
38% |
40% |
43% |
45% |
47% |
47% |
47% | ||||||||||||||||||||||
Consumer Broadband Connections | |||||||||||||||||||||||||||||
Fiber Gig+ Capable |
122,872 |
135,209 |
153,860 |
175,748 |
195,195 |
195,195 |
213,997 | ||||||||||||||||||||||
DSL/Copper |
244,586 |
234,653 |
222,969 |
210,473 |
198,024 |
198,024 |
185,560 | ||||||||||||||||||||||
Total Consumer Broadband Connections |
367,458 |
369,862 |
376,829 |
386,221 |
393,219 |
393,219 |
399,557 | ||||||||||||||||||||||
Consumer Broadband Net Adds | |||||||||||||||||||||||||||||
Total Fiber Gig+ Capable Net Adds (5) |
40,075 |
12,337 |
18,651 |
21,888 |
19,447 |
72,323 |
18,802 | ||||||||||||||||||||||
DSL/Copper Net Adds (5) |
(39,351) |
(9,933) |
(11,684) |
(12,496) |
(12,449) |
(46,562) |
(12,464) | ||||||||||||||||||||||
Total Consumer Broadband Net Adds (5) |
724 |
2,404 |
6,967 |
9,392 |
6,998 |
25,761 |
6,338 | ||||||||||||||||||||||
Consumer Broadband Penetration % | |||||||||||||||||||||||||||||
Fiber Gig+ Capable (on fiber passings) |
12.2% |
12.7% |
13.7% |
14.8% |
15.8% |
15.8% |
17.2% | ||||||||||||||||||||||
DSL/Copper (on DSL/copper passings) |
15.1% |
15.0% |
14.8% |
14.5% |
14.1% |
14.1% |
13.3% | ||||||||||||||||||||||
Total Consumer Broadband Penetration % |
14.0% |
14.1% |
14.3% |
14.7% |
14.9% |
14.9% |
15.1% | ||||||||||||||||||||||
Consumer Average Revenue Per Unit (ARPU) | |||||||||||||||||||||||||||||
Fiber Gig+ Capable | $ |
65.42 | $ |
67.51 | $ |
68.29 | $ |
68.78 | $ |
68.14 | $ |
66.90 | $ |
67.96 | |||||||||||||||
DSL/Copper | $ |
53.36 | $ |
53.21 | $ |
55.88 | $ |
57.18 | $ |
56.27 | $ |
55.83 | $ |
59.69 | |||||||||||||||
Churn | |||||||||||||||||||||||||||||
Fiber Consumer Broadband Churn (5) |
1.1% |
1.0% |
1.3% |
1.3% |
1.2% |
1.2% |
1.1% | ||||||||||||||||||||||
DSL/Copper Consumer Broadband Churn (5) |
1.6% |
1.5% |
1.7% |
2.0% |
2.0% |
1.8% |
2.0% | ||||||||||||||||||||||
Consumer Broadband Revenue ($ in thousands) | |||||||||||||||||||||||||||||
Fiber Broadband Revenue (4) | $ |
82,034 | $ |
26,136 | $ |
29,613 | $ |
34,004 | $ |
37,916 | $ |
127,668 | $ |
41,613 | |||||||||||||||
Copper and Other Broadband Revenue |
190,112 |
41,825 |
41,726 |
41,085 |
38,542 |
163,179 |
38,268 | ||||||||||||||||||||||
Total Consumer Broadband Revenue | $ |
272,146 | $ |
67,961 | $ |
71,339 | $ |
75,089 | $ |
76,458 | $ |
290,847 | $ |
79,882 | |||||||||||||||
Consumer Voice Connections |
276,779 |
267,509 |
258,680 |
249,081 |
239,587 |
239,587 |
229,523 | ||||||||||||||||||||||
Video Connections |
35,039 |
32,426 |
28,934 |
26,158 |
21,900 |
21,900 |
17,620 | ||||||||||||||||||||||
Fiber route network miles (long-haul, metro and FttP) |
57,865 |
57,569 |
58,836 |
59,915 |
60,438 |
60,438 |
61,366 | ||||||||||||||||||||||
On-net buildings |
14,427 |
14,520 |
14,735 |
14,928 |
15,105 |
15,105 |
15,254 | ||||||||||||||||||||||
Notes: | |||||||||||||||||||||||||||||
(1) In Q1 2021, the Company launched a multi-year fiber build plan to upgrade 1.6 million passings or 70% of our service area to fiber Gig+ capable services. During the quarter ended March 31, 2024, an additional 10,783 passings were upgraded to FttP and total fiber passings were 1,246,991 or 47% of the Company's service area. | |||||||||||||||||||||||||||||
(2) Passings counts are estimates of single family units, multi-dwelling units, and multi-tenant units within consumer, small business and enterprise. These counts are based upon the information available at this time and are subject to updates as additional information becomes available. | |||||||||||||||||||||||||||||
(3) When a passing is both fiber and DSL/Copper capable it is counted as a fiber passing. | |||||||||||||||||||||||||||||
(4) Fiber broadband revenue includes revenue from our Kansas City operations, which was sold in the fourth quarter of 2022, of approximately $1.8 million for the year ended December 31, 2022. Amounts have not been adjusted to reflect the sale. | |||||||||||||||||||||||||||||
(5) Consumer Broadband net adds and churn for the year ended December 31, 2022 have been normalized to reflect the divestitures of our Kansas City and Ohio operations, which were sold in 2022. |
联合通讯控股有限公司。 | |||||||||||||||||||||||||||||
关键运营指标 | |||||||||||||||||||||||||||||
(未经审计) | |||||||||||||||||||||||||||||
2023 | |||||||||||||||||||||||||||||
2022财年 | 第一季度 | Q2 | Q3 | 第四季度 | 财政年度 | 2024年第一季度 ("Q1 2024") | |||||||||||||||||||||||
过路口 | |||||||||||||||||||||||||||||
总光纤Gig+可供通过(1)(2)(3) |
1,008,660 |
1,062,518 |
1,119,956 |
1,187,076 |
1,236,208 |
1,236,208 |
1,246,991 | ||||||||||||||||||||||
总DSL/铜通过(2)(3) |
1,617,077 |
1,564,889 |
1,509,875 |
1,447,539 |
1,401,535 |
1,401,535 |
1,392,698 | ||||||||||||||||||||||
总通过数(1)(2)(3) |
2,625,737 |
2,627,407 |
2,629,831 |
2,634,615 |
2,637,743 |
2,637,743 |
2,639,689 | ||||||||||||||||||||||
% 光纤Gig+覆盖率/总通过率 |
38% |
40% |
43% |
45% |
47% |
47% |
47% | ||||||||||||||||||||||
消费者宽带连接 | |||||||||||||||||||||||||||||
光纤千兆+能力 |
122,872 |
135,209 |
153,860 |
175,748 |
195,195 |
195,195 |
213,997 | ||||||||||||||||||||||
DSL/铜 |
244,586 |
234,653 |
222,969 |
210,473 |
198,024 |
198,024 |
185,560 | ||||||||||||||||||||||
消费宽带总连接数 |
367,458 |
369,862 |
376,829 |
386,221 |
393,219 |
393,219 |
399,557 | ||||||||||||||||||||||
消费宽带净增长量 | |||||||||||||||||||||||||||||
光纤Gig +可用的净增长量总数(5) |
40,075 |
12,337 |
18,651 |
21,888 |
19,447 |
72,323 |
18,802 | ||||||||||||||||||||||
DSL/铜净增长量(5) |
(39,351) |
(9,933) |
(11,684) |
(12,496) |
(12,449) |
(46,562) |
(12,464) | ||||||||||||||||||||||
总消费者宽带净增(5) |
724 |
2,404 |
6,967 |
9,392 |
6,998 |
25,761 |
6,338 | ||||||||||||||||||||||
消费者宽带渗透率% | |||||||||||||||||||||||||||||
光纤千兆+能力(在光纤路过的情况下) |
12.2% |
12.7% |
13.7% |
14.8% |
15.8% |
15.8% |
17.2% | ||||||||||||||||||||||
DSL/铜(在DSL/铜路过的情况下) |
15.1% |
15.0% |
14.8% |
14.5% |
14.1% |
14.1% |
13.3% | ||||||||||||||||||||||
总消费者宽带渗透率% |
14.0% |
14.1% |
14.3% |
14.7% |
14.9% |
14.9% |
15.1% | ||||||||||||||||||||||
消费者平均单位收入(ARPU) | |||||||||||||||||||||||||||||
光纤千兆+能力 | $ |
65.42 | $ |
67.51 | $ |
68.29 | $ |
68.78 | $ |
68.14 | $ |
66.90 | $ |
67.96 | |||||||||||||||
DSL/铜 | $ |
53.36 | $ |
53.21 | $ |
55.88 | $ |
57.18 | $ |
56.27 | $ |
55.83 | $ |
59.69 | |||||||||||||||
流失率 | |||||||||||||||||||||||||||||
光纤消费宽带的流失率(5) |
1.1% |
1.0% |
1.3% |
1.3% |
1.2% |
1.2% |
1.1% | ||||||||||||||||||||||
DSL/铜线消费宽带的流失率(5) |
1.6% |
1.5% |
1.7% |
2.0% |
2.0% |
1.8% |
2.0% | ||||||||||||||||||||||
消费宽带营业收入(以千美元计) | |||||||||||||||||||||||||||||
光纤宽带营业收入(4) | $ |
82034 | $ |
26136 | $ |
29613 | $ |
34004 | $ |
37916 | $ |
127668 | $ |
41,613 | |||||||||||||||
铜线和其他宽带的营业收入 |
190112 |
41825 |
41726 |
41085 |
, |
163,179 |
38,268 | ||||||||||||||||||||||
总消费宽带营业收入 | $ |
272,146 | $ |
67,961 | $ |
71,339 | $ |
75,089 | $ |
76,458 | $ |
290,847 | $ |
79,882 | |||||||||||||||
消费语音连接 |
276,779 |
267,509 |
258,680 |
249,081 |
239,587 |
239,587 |
229,523 | ||||||||||||||||||||||
视频连接 |
35,039 |
32,426 |
28,934 |
26,158 |
21,900 |
21,900 |
17,620 | ||||||||||||||||||||||
光纤路线网络英里(长途、地铁和FttP) |
57,865 |
57,569 |
58,836 |
59,915 |
60,438 |
60,438 |
61,366 | ||||||||||||||||||||||
在网建筑物数 |
14,427 |
14,520 |
14,735 |
14,928 |
15,105 |
15,105 |
15,254 | ||||||||||||||||||||||
注: | |||||||||||||||||||||||||||||
(1)2021年Q1,公司推出了一项多年的光纤建设计划,升级1.6百万户或我们服务区域70%的通行能力到光纤Gig+。在截至2024年3月31日的季度,又升级了10783户到FttP,总的光纤通行能力为1246991户,占公司服务区域的47%。 | |||||||||||||||||||||||||||||
(2)通行能力数量是消费者、小型企业和企业内的单户、多户住宅和多租户组合的估计值。这些计数基于目前可用的信息,并且随着进一步信息的可用性而更新。 | |||||||||||||||||||||||||||||
(3)当通行能力既具备光纤又具备DSL /铜能力时,将其计算为光纤通行能力。 | |||||||||||||||||||||||||||||
(4)光纤宽带收入包括来自我们堪萨斯城运营的营业收入,该运营在2022年第四季度出售,截至2022年12月31日年度收入约为180万美元。金额未调整以反映出售情况。 | |||||||||||||||||||||||||||||
(5) 消费宽带净增长和2022年12月31日结束的流失率已经被规范化,以反映我们在2022年出售的堪萨斯城和俄亥俄州业务的剥离。 |
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Investor and Media Contacts
投资者和媒体联系人
Philip Kranz, Investor Relations
+1 217-238-8480
Philip.kranz@consolidated.com
Philip Kranz,投资者关系
+1 217-238-8480
Philip.kranz@consolidated.com
Jennifer Spaude, Media Relations
+1 507-386-3765
Jennifer.spaude@consolidated.com
Jennifer Spaude,媒体关系
+1 507-386-3765
Jennifer.spaude@consolidated.com
Source: Consolidated Communications
资讯来源:联合通讯