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.
伊利諾伊州馬通 - (美通社)- Consolidated Communications Holdings,Inc.(Nasdaq:CNSL)(“公司”或“Consolidated”),美國十大光纖提供商之一,今天報告了2024年第一季度的業績。
First Quarter 2024 Results
2024年第一季度業績
- 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
- 營業收入總額爲2.747億美元。
- 整體消費者收入爲1.148億美元。
- 消費者光纖寬帶收入爲4160萬美元。
- 消費者寬帶總淨增加爲6,338。
- 消費者寬帶收入爲7,990萬美元。
- 商業數據服務收入爲5,470萬美元。
- 運營商數據傳輸收入爲3,100萬美元。
- 淨虧損爲(4,720萬美元)。調整後的EBITDA爲8,840萬美元。
- 總承諾的資本支出爲8,370萬美元。
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.
服務和產品成本以及銷售、總務和行政費用與去年同期相比減少1,580萬美元,主要是由於USF貢獻減少,視頻編程成本降低,某些成本節約措施帶來的工資降低以及減少的准入費用。
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%.
淨利息費用爲4,250萬美元,比去年同期增加860萬美元,主要是由於在期限貸款上的利率上升以及由於當前季度現金持有量下降導致的利息收入下降。截至2024年3月31日,公司總未償還債務的73%將通過2026年9月的固定利率進行抵消。截至2024年3月31日,平均債務成本爲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年第一季度淨虧損爲(4,720萬美元),去年同期淨虧損爲(4,770萬美元)。每股淨虧損爲(0.41)美元,相比之下,去年同期每股淨虧損爲(0.42)美元。根據本發佈中提供的表格所述,調整後的攤薄淨收益(虧損)每股除外某些項目。2024年第一季度的調整後的攤薄淨虧損每股爲(0.27)美元,相比之下,20123年第一季度爲(0.28)美元。
Capital Expenditures
資本支出
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.
由於新增的10,783個光纖通過和第一季度的光纖添加,總承諾的資本支出爲8,370萬美元,並反映了現有庫存的使用情況,以進行安裝和建設活動。
Capital Structure
資本結構;
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,作爲借款人的該公司與貸方Searchlight CVL AGG,LP簽訂了一份8,000萬美元的貸款協議(“貸款協議”)。如果公司的循環信貸可用貸款總額不足2,500萬美元,或從公司的循環信貸中募集引發財務維持契約的情況下,該貸款協議允許該公司在滿足某些其他慣例條件的情況下借款。
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,公司保持流動性,現金和短期投資約爲700萬美元,以及保證公司可用的可借金額爲1.11億美元和其貸款協議下未使用的8000萬美元,但均受某些契約的約束。截至2024年3月31日,過去12個月的淨債務槓桿爲6.76倍。
Washington Asset Sale
華盛頓資產銷售
On May 1, 2024, Consolidated completed the sale of its Washington assets.
2024年5月1日,Consolidated完成了華盛頓資產的出售。
Pending Transaction
交易進行中
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日先前宣佈的那樣,Consolidated已與Searchlight Capital Partners,L.P.和British Columbia Investment Management Corporation達成協議,以全部現金的方式收購該公司,交易企業價值約爲31億美元,包括負債承擔。在2024年1月31日的股東特別會議上,大約75%的不受關聯方影響的股東持股投票贊成批准並通過合併協議以及通過等待交易。交易將使Consolidated成爲私人公司,預計將在2025年第一季度關閉,但須滿足慣常的關閉條件,包括獲得監管批准。交易不受融資條件限制。交易完成後,Consolidated普通股將不再在任何公共證券交易所上交易或上市。
In light of the transaction, Consolidated will not host an earnings conference call.
針對此交易,聯合通訊將不舉行盈利電話會議。
About Consolidated Communications
關於聯合通訊
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.(納斯達克: CNSL)致力於提供最可靠的光纖通信解決方案,以推進人們,企業和社區的發展。消費者,企業,無線和有線運營商依靠Consolidated提供各種高速互聯網、數據、電話、安全、雲和批發運營商解決方案。Consolidated的網絡覆蓋超過61,000英里的纖維路線,是美國前十大光纖提供商之一。將技術轉化爲受到卓越客戶支持的解決方案。請訪問consolidated.com了解更多信息。(納斯達克:CNSL)致力於通過提供最可靠的光纖通信解決方案,推動人們、企業和社區前進。消費者、企業、無線和有線載體都依賴Consolidated提供各種高速互聯網、數據、電話、安全、雲和批發載體解決方案。Consolidated網絡覆蓋超過61000英里的光纖路線,是美國排名前十的光纖提供商,將技術轉化爲由卓越的客戶支持支撐的解決方案。了解更多信息,請訪問。consolidated.com.
Use of Non-GAAP Financial Measures
使用非 GAAP 財務指標
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.
本新聞稿包括關於"EBITDA," "調整後的EBITDA," "淨債務槓桿比率"和"調整後的攤薄每股淨收益(虧損)"的披露,這些都是非美國通用會計準則下的財務指標。因此,它們不應被視爲現金流量來代替營業或投資活動,現金及現金等價物,操作現金流量,淨收入或按美國通用會計準則定義的每股淨收入,並且它們本身並不能自行成爲根據美國通用會計準則確定現金用途的指標。此外,並非所有公司使用相同的計算方法,而且非美國通用會計準則下的財務指標可能無法與其他公司的類似指標進行比較。與根據美國通用會計準則提交的最直接可比較的財務指標相對應的這些非美國通用會計準則的財務指標,都在接下來的表格中得到了說明。
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.
調整後的EBITDA包括在每個季度結束時這些時期根據我們現行信貸協議允許或要求的某些項目進行調整的EBITDA. 隨附在這些表格之後的是有關如何爲呈現的每個時期計算已調整EBITDA以及與淨收益(虧損)協調的解釋。EBITDA是根據歷史的利潤(損失)減去利息費用、所得稅、折舊和攤銷費用計算而得的。
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.
我們提供了幾個原因來解釋爲什麼展現調整後的EBITDA。管理層認爲調整後的EBITDA是評估我們資金估算(包括債務利息)的能力的一種有用方法。此外,由於它經常被投資者、證券分析師和其他利益相關方在我們行業的公司評估中所使用,我們曾在過去向投資者展示過調整後的EBITDA,而管理層認爲在此展示它可以提供我們的財務報表的一致性指標。調整後的EBITDA(在我們的信貸協議中稱爲可用現金)也是我們信貸協議中的限制性契約和財務比率的組成部分,根據這些契約和比率,我們必須遵守這些契約並限制特定活動,例如我們承擔債務的能力。這些契約和比率中的定義是基於特定的費用影響後的調整EBITDA。另外,不同於我們行業某些其他公司採用的類似比率,我們展現相關的淨債務槓桿比率主要是爲幫助投資者理解我們如何測量槓桿,以及便於投資者、證券分析師和其他人進行比較。總淨債務被定義爲債務和融資租賃義務的當期和長期部分減去現金、現金等價物和短期投資物、推遲的發債成本和債券折扣。我們的淨債務槓桿比率在某些方面與我們信貸協議中使用的類似比率或某些其他公司的可比措施不同。而且,這些措施與我們資深票據契約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.
這些非美國通用會計準則財務指標存在一些缺陷。特別是,調整後的EBITDA不代表剩餘的可自由支配現金流,因爲債務償還和利息支付等項目未從這一計算中扣除。此外,淨債務槓桿比率受到的風險是我們可能無法從資產負債表上的現金以按比例去減輕債務的風險。管理層認爲,這一比率是評估我們將來負債能力的一種有用方法。
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.
我們展現了非美國通用會計準則的衡量方法"調整後的攤薄每股淨收益(虧損)",因爲我們的淨收入(虧損)和每股淨收入(虧損)經常受到不定期發生或非現金項目的影響。我們相信,披露這些指標有助於投資者、證券分析師和其他利益相關方評估我們公司的長期表現及我們行業內公司的相對錶現。
Forward-Looking Statements
前瞻性聲明
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.
本新聞稿中的某些聲明,包括那些涉及當前的期望、計劃、策略以及在其交易完成時限前由Searchlight Capital Partners, L.P.和British Columbia Investment Management Corporation進行私有化交易的時間表等內容,是向依據私人證券訴訟改革法(1995年)的安全港規定所作的前瞻性聲明。這些前瞻性聲明反映了其他事項,包括我們當前的期望、計劃、策略和預期的財務結果。有許多風險、不確定性和條件可能會使我們的實際結果與這些前瞻性聲明所表達的結果有所不同,包括:在我們的業務的所有部分和客戶渠道中都存在着嚴重的競爭;我們的產品混合比例可能導致營業利潤下降;我們必須安排資本性支出(包括資本性租賃)以維持和增強我們的基礎設施;未來,可能不會有資金來融資資本性支出;必須獲得必要的資訊網絡的權利以維護我們的網絡;我們必須從第三方供應商獲得必要的硬件、軟件和操作支持;視頻內容的成本繼續上漲;我們能否達成新的集體談判協議或續簽現有的協議;我們能否吸引和/或保留某些關鍵管理人員和其他人員;收購風險以及從這些收購中實現預期收益的風險;環境、社會和治理倡議日益受到關注和正在演變的預期有;金融市場不利變化可能影響養老金計劃投資、弱勢經濟狀況;提出的交易可能無法及時完成或根本無法完成;可能存在各種各樣的風險、不確定性和條件,可能會導致對建議交易的交易協議的終止,包括可能導致公司支付終止費用的情況;由於可能導致被購買公司支付終止費用的種種情況導致關於建議交易的聲明或等待的影響,包括:公司吸引、激勵或保留關鍵高管和員工的能力,其與其客戶、供應商及其他業務對手的關係或其業務及業務總體的運營結果;建議的交易相關的風險可能會分散管理層的注意力,使其心神不寧,可能使其無法專注於公司的日常業務;與建議的交易相關的成本、費用和開支的數量;如果建議的交易未完成,則公司的股價可能會大幅下降;與建議的交易有關的股東訴訟的風險,包括與其相關的開支或延遲;以及在我們2023年12月31日終止的10-K年度報告中的第I部分,第1A條中描述的其他風險因素,以及在美國證券交易委員會的其他文件中不時發現的其他風險因素。可在美國證券交易委員會網站上獲得有關文件。http://www.sec.gov許多這些情況超出了我們的能力範圍和預測範圍。此外,前瞻性陳述必然涉及我們的假設。這些前瞻性陳述通常由“相信”、“期望”、“預計”、“估計”、“計劃”、“意圖”、“安排”、“應該”、“可能”、“將會”、“將會”、“將繼續”或類似表達方式。我們或代表我們行事的人所作的所有前瞻性陳述,在其整個文中均明確受到警示性聲明的限制。此外,不應過分依賴基於我們目前可用信息並只有在其發佈日期說明的前瞻性陳述。除非根據聯邦證券法或證券交易委員會的規則和法規的要求,否則我們不承擔更新或公開修訂任何前瞻性陳述的任何意圖或義務。
Tag: [Consolidated-Communications-Earnings]
標籤:[綜合通信收益]
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 |
聯合通訊控股有限公司。 | ||||||||
壓縮合並資產負債表 | ||||||||
(以千美元爲單位,除每股股數和每股股價外) | ||||||||
(未經審計) | ||||||||
3月31日 | 12月31日 | |||||||
2024 |
2023 | |||||||
資產 | ||||||||
流動資產: | ||||||||
現金及現金等價物 | $ |
7,363 | $ |
4,765 | ||||
應收賬款淨額 |
109,353 |
121,194 | ||||||
應收所得稅 |
3,070 |
2,880 | ||||||
資產預付款和其他流動資產的變動 |
62,738 |
56,843 | ||||||
待售資產 |
70,971 |
70,473 | ||||||
總流動資產 |
253,495 |
256,155 | ||||||
物業、廠房和設備,淨值 |
2,461,004 |
2,449,009 | ||||||
投資 |
8,648 |
8,887 | ||||||
商譽 |
814,624 |
814,624 | ||||||
客戶關係淨額 |
14,543 |
18,616 | ||||||
其他無形資產 |
10,557 |
10,557 | ||||||
其他 |
79,371 |
70,578 | ||||||
總資產 | $ |
3,642,242 | $ |
3,628,426 | ||||
負債、中間股權及股東權益 | ||||||||
流動負債: | ||||||||
應付賬款 | $ |
20,529 | $ |
60,073 | ||||
預付賬款及客戶定金 |
48,579 |
44,478 | ||||||
應計的薪資 |
47,901 |
58,151 | ||||||
應計利息 |
36,275 |
18,694 | ||||||
應計費用 |
96,750 |
114,022 | ||||||
長期債務及融資租賃負債的本期部分 |
19,234 |
18,425 | ||||||
待售負債 |
3,147 |
3,402 | ||||||
流動負債合計 |
272,415 |
317,245 | ||||||
長期負債和融資租賃負債 |
2,234,667 |
2,134,916 | ||||||
延遲所得稅 |
201,047 |
210,648 | ||||||
養老金及其他離退休福利 |
136,460 |
137,616 | ||||||
其他長期負債 |
46,298 |
48,637 | ||||||
負債合計 |
2,890,887 |
2,849,062 | ||||||
A系列優先股,每股面值0.01美元;授權發行10,000,000股,截至2024年3月31日和2023年12月31日分別有434,266股和434,266股流通;清算優先權分別爲532,643美元和520,957美元。 |
384,277 |
372,590 | ||||||
股東權益: | ||||||||
普通股,每股面值0.01美元;授權發行15億股,截至2024年3月31日有1.184296億股和2023年12月31日有1.161726億股流通。 |
1,184 |
1,162 | ||||||
額外實收資本 |
671,241 |
681,757 | ||||||
累積赤字 |
(297,876) |
(262,380) | ||||||
合計其他綜合損失,淨額 |
(15,691) |
(21,872) | ||||||
非控股權益 |
8,220 |
8,107 | ||||||
股東權益合計 |
367,078 |
406,774 | ||||||
總負債、優先股和股東權益 | $ |
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) |
聯合通訊控股有限公司。 | ||||||||
簡明的彙總操作表 | ||||||||
(以千美元爲單位,除每股金額外) | ||||||||
(未經審計) | ||||||||
三個月之內結束 | ||||||||
3月31日 | ||||||||
2024 |
2023 | |||||||
淨收入 | $ |
274,675 | $ |
276,126 | ||||
營業費用: | ||||||||
服務和產品成本 |
113,459 |
131,938 | ||||||
銷售,總務及管理費用 |
83,955 |
81,284 | ||||||
交易費用 |
2,925 |
— | ||||||
資產處置損失 |
— |
3,304 | ||||||
折舊和攤銷 |
80,633 |
77,699 | ||||||
經營虧損 |
(6,297) |
(18,099) | ||||||
其他收入(支出): | ||||||||
利息費用,利息收入淨額 |
(42,451) |
(33,860) | ||||||
其他,淨額 |
1,593股普通股的購買期權。 |
2,758 | ||||||
稅前虧損 |
(47,155) |
(49,201) | ||||||
所得稅收益 |
(11,772) |
(12,240) | ||||||
淨虧損 |
(35,383) |
(36,961) | ||||||
Less: 分紅派息(A股) |
11,687 |
10,587 | ||||||
Less: 非控制權益淨利潤 |
113 |
143 | ||||||
歸屬於普通股股東的淨虧損 | $ |
(47,183) | $ |
(47,691) | ||||
歸屬於普通股股東的基本和稀釋每股淨虧損 | $ |
(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 |
聯合通訊控股有限公司。 | ||||||||
簡明的綜合現金流量表 | ||||||||
(以千美元計) | ||||||||
(未經審計) | ||||||||
三個月之內結束 | ||||||||
3月31日 | ||||||||
2024 |
2023 | |||||||
營業收入 | ||||||||
淨虧損 | $ |
(35,383) | $ |
(36,961) | ||||
調整使淨損失轉化爲經營活動產生的現金流量: | ||||||||
折舊和攤銷 |
80,633 |
77,699 | ||||||
遞延所得稅支出(收益) |
(11,791) |
5,604 | ||||||
超過費用的養老和退休金繳款 |
(1,702) |
(2,861) | ||||||
非現金,以股票爲基礎的報酬 |
1,681 |
799 | ||||||
攤銷延期融資費用和折扣 |
1,957 |
1,847 | ||||||
資產處置損失 |
— |
3,304 | ||||||
其他調整,淨額 |
(1,283) |
(418) | ||||||
經營資產及負債淨變動 |
(28,442) |
6,073 | ||||||
經營活動產生的現金流量淨額 |
5,670 |
55,086 | ||||||
投資活動 | ||||||||
購置固定資產淨值 |
(98,032) |
(130,826) | ||||||
資產出售收益 |
76 |
292 | ||||||
出售和到期投資的收益 |
714 |
1,623 | ||||||
投資活動產生的淨現金流出 |
(97,242) |
(128,911) | ||||||
籌資活動 | ||||||||
長期債務發行的收益 |
100,000 |
— | ||||||
支付融資租賃義務 |
(4,837) |
(3,114) | ||||||
支付融資成本 |
(504) |
— | ||||||
股票回購以支付最低稅金 |
(489) |
(1,036) | ||||||
籌集資金的淨現金流量 |
94,170 |
(4,150) | ||||||
現金及現金等價物淨變動額 |
2,598 |
(77,975) | ||||||
期初現金及現金等價物餘額 |
4,765 |
325,852 | ||||||
期末現金及現金等價物 | $ |
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 |
聯合通訊控股有限公司。 | ||||||
按類別合併的營業收入 | ||||||
(以千美元計) | ||||||
(未經審計) | ||||||
三個月之內結束 | ||||||
3月31日 | ||||||
2024 |
2023 | |||||
消費 | ||||||
寬帶(數據和VoIP) | $ |
79,882 | $ |
67,961 | ||
語音服務 |
28,336 |
32,263 | ||||
視頻服務業 |
6,626 |
9,594 | ||||
114,844 |
109,818 | |||||
商業: | ||||||
數據服務業(包括VoIP) |
54,681 |
53,134 | ||||
語音服務 |
30,711 |
32,631 | ||||
其他 |
8,964 |
9,756 | ||||
94,356 |
95,521 | |||||
運營商: | ||||||
數據和傳輸服務 |
31,048 |
32,923 | ||||
語音服務 |
3,794 |
4,367 | ||||
其他 |
235 |
350 | ||||
35,077 |
37,640 | |||||
補貼 |
6,806 |
7,036 | ||||
網絡訪問 |
22,468 |
24,444 | ||||
其他產品和服務 |
1,124 |
1,667 | ||||
營業收入總額 | $ |
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 |
聯合通訊控股有限公司。 | |||||||||||||||
按類別歸納的綜合營業收入趨勢 | |||||||||||||||
(以千美元計) | |||||||||||||||
(未經審計) | |||||||||||||||
三個月之內結束 | |||||||||||||||
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 | |||||||||||
消費 | |||||||||||||||
寬帶(數據和VoIP) | $ |
79,882 | $ |
76,458 | $ |
75,089 | $ |
71,339 | $ |
67,961 | |||||
語音服務 |
28,336 |
29,935 |
31,616 |
31,352 |
32,263 | ||||||||||
視頻服務業 |
6,626 |
7,460 |
8,541 |
9,362 |
9,594 | ||||||||||
114,844 |
113,853 |
115,246 |
112,053 |
109,818 | |||||||||||
商業: | |||||||||||||||
數據服務業(包括VoIP) |
54,681 |
54,473 |
53,870 |
53,230 |
53,134 | ||||||||||
語音服務 |
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 | |||||||||||
運營商: | |||||||||||||||
數據和傳輸服務 |
31,048 |
31,713 |
31,388 |
31,224 |
32,923 | ||||||||||
語音服務 |
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 | |||||||||||
補貼 |
6,806 |
6,902 |
6,878 |
7,072 |
7,036 | ||||||||||
網絡訪問 |
22,468 |
22,217 |
20,842 |
22,747 |
24,444 | ||||||||||
其他產品和服務 |
1,124 |
1,171 |
10,025 |
1,646 |
1,667 | ||||||||||
營業收入總額 | $ |
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. |
聯合通訊控股有限公司。 | ||||||||
淨虧損對調整後息稅折舊及攤銷前利潤的調節 | ||||||||
(以千美元計) | ||||||||
(未經審計) | ||||||||
三個月之內結束 | ||||||||
3月31日 | ||||||||
2024 |
2023 | |||||||
淨虧損 | $ |
(35,383) | $ |
(36,961) | ||||
加(減): | ||||||||
所得稅收益 |
(11,772) |
(12,240) | ||||||
利息費用,淨額 |
42,451 |
33,860 | ||||||
折舊和攤銷 |
80,633 |
77,699 | ||||||
EBITDA |
75,929 |
62,358 | ||||||
EBITDA的調整(1): | ||||||||
其他,淨額(2) |
10,727 |
10,030 | ||||||
養老金或OPEB福利的受益 |
62 |
(-1,141) | ||||||
資產處置損失 |
— |
3,304 | ||||||
非現金補償(3) |
1,681 |
799 | ||||||
調整後的EBITDA | $ |
88,399 | $ |
75,350 | ||||
注: | ||||||||
(1) 這些調整反映了基於我們的信用協議所需或允許的調整。 | ||||||||
(2)其他,淨額包括歸屬於非控股權益的收益、交易和非經常性相關成本以及某些雜項項目。 | ||||||||
(3) 表示與我們的限制股份計劃相關的補償支出,由於支出的非現金性質,因此在調整後的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. |
聯合通訊控股有限公司。 | |||||||||
歸屬於普通股股東的虧損與調整虧損的和解及調整每股普通股調整淨虧損的計算 | |||||||||
(以千美元爲單位,除每股金額外) | |||||||||
(未經審計) | |||||||||
三個月之內結束 | |||||||||
3月31日 | |||||||||
2024 |
2023 | ||||||||
淨虧損 | $ |
(35,383) | $ |
(36,961) | |||||
Less: 分紅派息(A股) |
11,687 |
10,587 | |||||||
Less: 非控制權益淨利潤 |
113 |
143 | |||||||
歸屬於普通股股東的淨虧損 |
(47,183) |
(47,691) | |||||||
調整爲普通股股東淨虧損額: | |||||||||
分紅派息(A股) |
11,687 |
10,587 | |||||||
交易和離職相關成本,稅後 |
3,191 |
2,648 | |||||||
非貨幣性交易成本淨損失,稅後 |
— |
2,441 | |||||||
利率互換非貨幣性利息費用,稅後 |
— |
(338) | |||||||
非貨幣性股票報酬,稅後 |
1,241 |
590 | |||||||
第一季度2024年的調整後的淨虧損 | $ |
(31,064) | $ |
(31,763) | |||||
加權平均股份在外 |
114,134 |
112,939 | |||||||
調整後的每股稀釋淨虧損 | $ |
(0.27) | $ |
(-0.28) | |||||
注: | |||||||||
以上計算假設2024年和2023年三個月的有效稅率爲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 |
聯合通訊控股有限公司。 | ||||
總淨債務和最近十二個月調整後的稅息折舊及攤銷比率的調和。 | ||||
(以千美元計) | ||||
(未經審計) | ||||
3月31日 | ||||
2024 | ||||
長期債務和融資租賃義務: | ||||
貸款(扣除折扣)6585美元淨額 | $ |
993,290 | ||
2028年到期的6.50%優先擔保票據 |
750000 | |||
2028年到期的5.00%優先擔保票據 |
400,000 | |||
循環貸款 |
100,000 | |||
融資租賃 |
38,347 | |||
截至2024年3月31日的總債務 |
2,281,637 | |||
減:推遲的債務發行成本 |
(27,736) | |||
減:現金、現金等價物和短期投資 |
(7,363) | |||
截至2024年3月31日的淨債務 | $ |
2,246,538 | ||
截至2024年3月31日的最近十二個月調整後的稅息折舊及攤銷 | $ |
332,248 | ||
總淨債務與最近12個月調整後的稅息折舊及攤銷比率 | 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. |
聯合通訊控股有限公司。 | |||||||||||||||||||||||||||||
關鍵運營指標 | |||||||||||||||||||||||||||||
(未經審計) | |||||||||||||||||||||||||||||
2023 | |||||||||||||||||||||||||||||
2022財年 | 第一季度 | 第二季 | Q3 | 第四季度 | 財政年度 | 2024年第一季度 ("Q1 2024") | |||||||||||||||||||||||
過路口 | |||||||||||||||||||||||||||||
總光纖Gig+可供通過(1)(2)(3) |
1,008,660 |
1,062,518 |
1,119,956 |
1,187,076 |
1,236,208 |
1,236,208 |
1,246,991 | ||||||||||||||||||||||
總DSL/銅通過(2)(3) |
1,617,077 |
1,564,889 |
1,509,875 |
1,447,539 |
1,401,535 |
1,401,535 |
1,392,698 | ||||||||||||||||||||||
總通過數(1)(2)(3) |
2,625,737 |
2,627,407 |
2,629,831 |
2,634,615 |
2,637,743 |
2,637,743 |
2,639,689 | ||||||||||||||||||||||
% 光纖Gig+覆蓋率/總通過率 |
38% |
40% |
43% |
45% |
47% |
47% |
47% | ||||||||||||||||||||||
消費者寬帶連接 | |||||||||||||||||||||||||||||
光纖千兆+能力 |
122,872 |
135,209 |
153,860 |
175,748 |
195,195 |
195,195 |
213,997 | ||||||||||||||||||||||
DSL/銅 |
244,586 |
234,653 |
222,969 |
210,473 |
198,024 |
198,024 |
185,560 | ||||||||||||||||||||||
總消費寬帶連接 |
367,458 |
369,862 |
376,829 |
386,221 |
393,219 |
393,219 |
399,557 | ||||||||||||||||||||||
消費寬帶淨增長量 | |||||||||||||||||||||||||||||
光纖Gig +可用的淨增長量總數(5) |
40,075 |
12,337 |
18,651 |
21,888 |
19,447 |
72,323 |
18,802 | ||||||||||||||||||||||
DSL/銅淨增長量(5) |
(39,351) |
(9,933) |
(11,684) |
(12,496) |
(12,449) |
(46,562) |
(12,464) | ||||||||||||||||||||||
總消費者寬帶淨增(5) |
724 |
2,404 |
6,967 |
9,392 |
6,998 |
25,761 |
6,338 | ||||||||||||||||||||||
消費者寬帶滲透率% | |||||||||||||||||||||||||||||
光纖千兆+能力(在光纖路過的情況下) |
12.2% |
12.7% |
13.7% |
14.8% |
15.8% |
15.8% |
17.2% | ||||||||||||||||||||||
DSL/銅(在DSL/銅路過的情況下) |
15.1% |
15.0% |
14.8% |
14.5% |
14.1% |
14.1% |
13.3% | ||||||||||||||||||||||
總消費者寬帶滲透率% |
14.0% |
14.1% |
14.3% |
14.7% |
14.9% |
14.9% |
15.1% | ||||||||||||||||||||||
消費者平均單位收入(ARPU) | |||||||||||||||||||||||||||||
光纖千兆+能力 | $ |
65.42 | $ |
67.51 | $ |
68.29 | $ |
68.78 | $ |
68.14 | $ |
66.90 | $ |
67.96 | |||||||||||||||
DSL/銅 | $ |
53.36 | $ |
53.21 | $ |
55.88 | $ |
57.18 | $ |
56.27 | $ |
55.83 | $ |
59.69 | |||||||||||||||
流失率 | |||||||||||||||||||||||||||||
光纖消費寬帶的流失率(5) |
1.1% |
1.0% |
1.3% |
1.3% |
1.2% |
1.2% |
1.1% | ||||||||||||||||||||||
DSL/銅線消費寬帶的流失率(5) |
1.6% |
1.5% |
1.7% |
2.0% |
2.0% |
1.8% |
2.0% | ||||||||||||||||||||||
消費寬帶營業收入(以千美元計) | |||||||||||||||||||||||||||||
光纖寬帶營業收入(4) | $ |
82034 | $ |
26136 | $ |
29613 | $ |
34004 | $ |
37916 | $ |
127668 | $ |
41,613 | |||||||||||||||
銅線和其他寬帶的營業收入 |
190112 |
41825 |
41726 |
41085 |
, |
163,179 |
38,268 | ||||||||||||||||||||||
總消費寬帶營業收入 | $ |
272,146 | $ |
67,961 | $ |
71,339 | $ |
75,089 | $ |
76,458 | $ |
290,847 | $ |
79,882 | |||||||||||||||
消費語音連接 |
276,779 |
267,509 |
258,680 |
249,081 |
239,587 |
239,587 |
229,523 | ||||||||||||||||||||||
視頻連接 |
35,039 |
32,426 |
28,934 |
26,158 |
21,900 |
21,900 |
17,620 | ||||||||||||||||||||||
光纜路由網絡里程(長途、城域和光纖到家) |
57,865 |
57,569 |
58,836 |
59,915 |
60,438 |
60,438 |
61,366 | ||||||||||||||||||||||
在網建築物數 |
14,427 |
14,520 |
14,735 |
14,928 |
15,105 |
15,105 |
15,254 | ||||||||||||||||||||||
注: | |||||||||||||||||||||||||||||
(1)2021年Q1,公司推出了一項多年的光纖建設計劃,升級1.6百萬戶或我們服務區域70%的通行能力到光纖Gig+。在截至2024年3月31日的季度,又升級了10783戶到FttP,總的光纖通行能力爲1246991戶,佔公司服務區域的47%。 | |||||||||||||||||||||||||||||
(2)通行能力數量是消費者、小型企業和企業內的單戶、多戶住宅和多租戶組合的估計值。這些計數基於目前可用的信息,並且隨着進一步信息的可用性而更新。 | |||||||||||||||||||||||||||||
(3)當通行能力既具備光纖又具備DSL /銅能力時,將其計算爲光纖通行能力。 | |||||||||||||||||||||||||||||
(4)光纖寬帶收入包括來自我們堪薩斯城運營的營業收入,該運營在2022年第四季度出售,截至2022年12月31日年度收入約爲180萬美元。金額未調整以反映出售情況。 | |||||||||||||||||||||||||||||
(5) 消費寬帶淨增長和2022年12月31日結束的流失率已經被規範化,以反映我們在2022年出售的堪薩斯城和俄亥俄州業務的剝離。 |
View source version on businesswire.com: https://www.businesswire.com/news/home/20240506543676/en/
在businesswire.com上查看原始版本businesswire.com: https://www.businesswire.com/news/home/20240506543676/en/
Investor and Media Contacts
投資者和媒體聯繫人
Philip Kranz, Investor Relations
+1 217-238-8480
Philip.kranz@consolidated.com
Philip Kranz,投資者關係
+1 217-238-8480
Philip.kranz@consolidated.com
Jennifer Spaude, Media Relations
+1 507-386-3765
Jennifer.spaude@consolidated.com
Jennifer Spaude,媒體關係
+1 507-386-3765
Jennifer.spaude@consolidated.com
Source: Consolidated Communications
資訊來源:聯合通訊