[March 23, 2017] |
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WOW! Announces Results for the Fiscal Year Ended December 31, 2016
WideOpenWest Finance, LLC ("WOW!"), a leading, fully integrated provider
of residential and commercial high-speed data, video and telephony
services to customers in the United States, today announced financial
and operating results for the year ended December 31, 2016.
Financial & Operating Highlights
(1) For the year ended December 31, 2016, WOW! reported
Total Revenue of $1.237 billion, Net Loss of ($146.7) million and
Adjusted EBITDA of $463.6 million, representing a
year-over-year increase in Total Revenue of $19.9 million, or 1.6%, a
year-over-year expansion in Net Loss of $104.0 million and a
year-over-year increase in Adjusted EBITDA of $19.7 million, or 4.4%,
over the year ended December 31, 2015.
For the year ended December 31, 2016, WOW! reported Transaction Adjusted
Total Revenue of $1.208 billion and Transaction Adjusted EBITDA of
$445.7 million, representing a year-over-year increase in
Transaction Adjusted Total Revenue of $13.0 million, or 1.1%, and a
year-over-year increase in Transaction Adjusted EBITDA of $16.6 million,
or 3.9%.
On a Transaction Adjusted basis, for the year ended December 31, 2016,
WOW! reported a 10,100 increase in Total Customers over the year ended
December 31, 2015 (an improvement of 40,800 from the year ended results
of December 31, 2015), which includes an increase of 20,600 HSD RGUs (an
improvement of 35,700 over the year ended results of December 31, 2015).
Conference Call WOW! will host
a conference call on Friday, March 24, 2017, at 11:00 a.m. Eastern to
discuss the operating and financial results contained in this press
release. Conference call information is as follows:
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Call Date:
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Friday, March 24, 2017
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Call Time:
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11:00 a.m. Eastern
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Dial In:
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(877) 541-5069
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Intn'l Dial In:
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(443) 842-7607
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Conf. ID:
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75105902
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A recording of the conference call will be available approximately two
hours after the completion of the call until April 24, 2017. The dial-in
number for this replay is (855) 859-2056.
_______________
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(1)
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Refer to "Definitions of Non-GAAP Financial Measures and
Operating Metrics," "Unaudited Reconciliations of GAAP Measures to
Non-GAAP Measures," and "Unaudited Transaction Adjusted Condensed
Consolidated Financial and Subscriber Information" in this
Earnings Release for definitions and information related to
Adjusted EBITDA and Transaction Adjusted financial and subscriber
information.
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The following unaudited condensed consolidated statements of operations
summarizes information in our Form 10-K for the quarter and year ended
December 31, 2016, as furnished on March 23, 2017, with the United
States Securities and Exchange Commission ("SEC"). For ease of use,
references in this release to "WOW!" means WideOpenWest Finance, LLC and
its consolidated subsidiaries.
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WideOpenWest Finance, LLC
Condensed Consolidated Statements of Operations (Unaudited)(1)
($ in millions)
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Three months ended
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Year ended
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December 31,
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December 31,
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2016
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2015
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2016
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2015
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Revenue
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Residential subscription
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$
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243.4
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$
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242.9
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$
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966.3
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$
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987.3
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Commercial subscription
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28.9
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25.6
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109.1
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99.7
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Total subscription revenue
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272.3
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268.5
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1,075.4
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1,087.0
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Other commercial services
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13.8
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5.9
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45.6
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24.0
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Other
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29.9
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26.9
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116.0
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106.1
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Total Revenue
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316.0
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301.3
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1,237.0
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1,217.1
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Costs and expenses:
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Operating (excluding depreciation & amortization)
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169.2
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165.5
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668.3
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678.6
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Selling, general and administrative
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30.2
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27.4
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116.4
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110.6
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Depreciation and amortization
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52.0
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54.9
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207.0
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221.1
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Management fee to related party
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0.4
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0.5
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1.7
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1.9
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251.8
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248.3
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993.4
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1,012.2
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Income from operations
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64.2
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53.0
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243.6
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204.9
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Other income (expense):
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Interest expense
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(48.8
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(54.7
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(211.1
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(226.0
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Realized and unrealized gain on derivative instruments, net
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-
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1.3
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2.3
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5.6
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Loss on early extinguishment of debt
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(7.4
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-
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(38.0
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(22.9
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Other income (expense), net
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0.2
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0.1
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2.2
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(0.4
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Income Tax (expense) benefit
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(2.3
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(1.2
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(145.7
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(3.9
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Net Income (loss)
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$
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5.9
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($1.5
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($146.7
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($42.7
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(1)
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The unaudited condensed consolidated statements of operations
above and the information in this release should be read in
conjunction with our Form 10-K for the year ended December 31,
2016, filed with the SEC on March 23, 2017.
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About WOW! WOW! is one of the
nation's leading providers of high-speed Internet, cable TV and phone
serving communities in the U.S. Our operating philosophy is to deliver
an employee and customer experience that lives up to its name. WOW! is
privately owned by Avista Capital Partners and Crestview Partners. For
more information, please visit www.wowway.com.
Forward-Looking Statements This
press release may contain forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended. All statements,
other than statements of historical facts, included in this release are
forward-looking statements. Forward-looking statements discuss our
current expectations and projections relating to our financial
condition, results of operations, plans, objectives, future performance
and business. Forward-looking statements are not guarantees of future
performance and we caution you not to place undue reliance on such
statements. Forward-looking statements are generally identifiable by the
use of the words "may," "will," "should," "expect," "anticipate,"
"estimate," "believe," "intend," "project," "continue," or the negative
of these words, or other similar words or terms. The forward-looking
statements included in this release are made as of the date hereof.
Except as required by law, we assume no obligation to publicly update
any forward-looking statement, even if new information becomes available
in the future or if experience or future changes make it clear that any
projected results expressed or implied in such statements will not be
realized. If we do update one or more forward-looking statements, no
inference should be made that we will make additional updates with
respect to those or other forward-looking statements. Actual results may
differ materially from those expected because of various risks and
uncertainties, many of which are beyond our control, including the wide
range of competition we face in our business; competitors that are
larger and possess more resources; competition; dependence upon a
business services strategy; conditions in the economy, including
potentially uncertain economic conditions; our ability to secure new
businesses as customers; demand for our bundled broadband communications
services may be lower than we expect; our ability to respond to rapid
technological change; increases in programming and retransmission costs;
a decline in advertising revenues; the effects of regulatory changes in
our business; our substantial level of indebtedness; certain covenants
in our debt documents; programming exclusivity in favor of our
competitors; inability to obtain necessary hardware, software and
operational support; and strain on business and resources from future
acquisitions, or the inability to identify suitable acquisitions. You
should review our filings with the SEC, including the section titled
"Risk Factors" contained in our Annual Report on Form 10-K filed with
the SEC on March 23, 2017.
Definitions of Non-GAAP Financial Measures and
Operating Metrics We have included certain non-GAAP
financial measures in this release including Adjusted EBITDA and
Transaction Adjusted EBITDA. We believe that these non-GAAP measures
enhance an investor's understanding of our financial performance. We
believe that these non-GAAP measures are useful financial metrics to
assess our operating performance from period to period by excluding
certain items that we believe are not representative of our core
business. We believe that these non-GAAP measures provide investors with
useful information for assessing the comparability between periods of
our ability to generate cash from operations sufficient to pay taxes, to
service debt and to undertake capital expenditures. We use these
non-GAAP measures for business planning purposes and in measuring our
performance relative to that of our competitors. We believe these
non-GAAP measures are measures commonly used by investors to evaluate
our performance and that of our competitors.
Adjusted EBITDA is defined by WOW! as net income (loss) before net
interest expense, income taxes, depreciation and amortization (including
impairments), gains (losses) realized and unrealized on derivative
instruments, management fees to related party, the write-up or
write-off/disposal of any asset, debt modification expenses, loss on
extinguishment of debt, integration and restructuring expenses and all
non-cash charges and expenses (including equity based compensation
expense) and certain other income and expenses, as further defined in
our credit facilities. Adjusted EBITDA is not a presentation made in
accordance with generally accepted accounting principles in the United
States of America ("GAAP") and our use of the term Adjusted EBITDA
varies from others in our industry. Adjusted EBITDA should not be
considered as an alternative to net income (loss), operating income or
any other performance measures derived in accordance with GAAP as
measures of operating performance or operating cash flows, or as
measures of liquidity.
Adjusted EBITDA has important limitations as an analytical tool and you
should not consider it in isolation or as a substitute for analysis of
our results as reported under GAAP. For example, Adjusted EBITDA:
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excludes certain tax payments that may represent a reduction in cash
available to us;
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does not reflect any cash capital expenditure requirements for the
assets being depreciated and amortized that may have to be replaced in
the future;
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does not reflect changes in, or cash requirements for, our working
capital needs; and
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does not reflect the significant interest expense, or the cash
requirements necessary to service interest or principal payments on
our debt.
See "Unaudited Reconciliations of GAAP Measures to Non-GAAP Measures"
and the accompanying tables below for reconciliations of Adjusted EBITDA
to our net income (loss), which is the most directly comparable GAAP
financial measure.
Furthermore, Adjusted EBITDA in this release is sometimes presented on a
Transaction Adjusted basis, giving effect to the acquisition of HC Cable
Opco LLC d/b/a NuLink ("NuLink") on September 9, 2016, and our
divestiture of the Lawrence, Kansas, system on January 12, 2017, as if
such transactions had been completed at the beginning of each period
presented (see "Unaudited Transaction Adjusted Condensed Consolidated
Financial and Subscriber Information" below for a complete
discussion).
In addition, we use the following subscriber information in this release:
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Homes Passed - We report homes passed as
the number of residential units, such as single residence homes,
apartments and condominium units, passed by our broadband network and
listed in our database, excluding those we believe are covered by
exclusive arrangements with other providers of competing services.
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Subscribers - Because we deliver multiple
services to our customers, we report the total number of customers
("Total Customers") as those who subscribe to at least one of our
high-speed data ("HSD"), video ("Video") or telephony ("Telephony")
services without regard to which or how many of those services they
subscribe. We report Video subscribers as the number of basic cable
subscribers and do not include customers who only subscribe to HSD or
Telephony services in this total. We define total Revenue Generating
Units ("RGUs") as the sum of HSD subscribers, Video subscribers and
Telephony subscribers.
Subscriber information for acquired entities is preliminary and subject
to adjustment until we have completed our review of such information and
determined that it is presented in accordance with our policies.
Unaudited Reconciliations of GAAP Measures to
Non-GAAP Measures The following table provides an
unaudited reconciliation of our net income (loss) to Adjusted EBITDA for
the respective quarters ended and for the twelve month period ended
("LTM") December 31, 2016, and December 31, 2015:
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WideOpenWest Finance, LLC
Reconciliation of GAAP Measures to Non-GAAP Measures (Unaudited)
($ in millions)
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Three Months Ended
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LTM
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Mar. 31,
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Jun. 30,
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Sept. 30,
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Dec. 31,
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Mar. 31,
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Jun. 30,
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Sep. 30,
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Dec. 31,
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Dec. 31,
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Dec. 31,
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2015
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2015
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2015
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2015
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2016
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2016
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2016
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2016
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2015
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2016
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Net income (loss)
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($6.6
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$
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(27.5
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$
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(7.1
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$
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(1.5
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$
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4.8
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$
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(145.0
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$
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(12.4
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$
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5.9
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$
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(42.7
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$
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(146.7
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Depreciation and amortization
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54.8
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55.5
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55.9
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54.9
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52.5
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52.9
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49.6
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52.0
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221.1
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207.0
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Management fee to related party
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0.4
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0.6
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0.5
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0.4
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0.4
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0.5
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0.4
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0.4
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1.9
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1.7
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Interest expense
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58.9
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57.1
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55.3
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54.7
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54.2
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55.2
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52.9
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48.8
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226.0
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211.1
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Loss on extinguishment of debt
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-
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22.9
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-
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-
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-
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2.5
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28.1
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7.4
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22.9
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38.0
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Unrealized gain on derivative instruments, net
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(2.0
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(1.1
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(1.2
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(1.3
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(1.1
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(1.2
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-
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-
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(5.6
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(2.3
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Non-recurring prof. fees, M&A integration and restr. exp.
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3.5
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4.2
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4.8
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3.5
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1.1
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2.4
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3.8
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2.9
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16.0
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10.2
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Non-cash stock compensation
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-
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-
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-
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-
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-
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0.1
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0.4
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0.6
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-
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1.1
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Other expense (income), net
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(0.2
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-
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0.6
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-
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-
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(0.1
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(1.9
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(0.2
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0.4
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(2.2
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Income tax (benefit) expense
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0.9
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1.0
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0.8
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1.2
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1.0
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147.6
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(5.2
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2.3
|
|
|
|
|
|
|
3.9
|
|
|
|
|
145.7
|
|
Adjusted EBITDA (1)
|
|
|
$
|
109.7
|
|
|
|
$
|
112.7
|
|
|
|
$
|
109.6
|
|
|
|
$
|
111.9
|
|
|
|
$
|
112.9
|
|
|
|
$
|
114.9
|
|
|
|
$
|
115.7
|
|
|
|
$
|
120.1
|
|
|
|
|
|
$
|
443.9
|
|
|
|
$
|
463.6
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(1)
|
|
|
See "Unaudited Transaction Adjusted Condensed Consolidated
Financial and Subscriber Information" below for a
reconciliation of Adjusted EBITDA to Transaction Adjusted EBITDA
for the respective quarters ended giving effect the acquisition of
NuLink on September 9, 2016, and our divestiture of the Lawrence,
Kansas, system on January 12, 2017, as if such transactions had
been completed at the beginning of the respective periods
presented herein
|
|
|
|
|
|
|
|
Unaudited Transaction Adjusted Condensed
Consolidated Financial and Subscriber Information The
SEC requires that pro forma financial information be presented in a
registrant's periodic filings when events occur for which disclosure
would be material to investors, including significant business
combinations or the disposition of a significant portion of the
business. The significance of an acquired or disposed business is
determined based on the "significant subsidiary" tests specified in
Regulation S-X, Article 11, Rule 1-02(w). In this regard, although the
Company has made certain acquisitions and divestitures, such
transactions do not meet the "significant subsidiary" tests and,
accordingly, the Company's historical financial information as filed
with the SEC does not contain pro forma, financial information relating
to those transactions.
Nevertheless, we make certain adjustments in this release to the
historical financial and subscriber information of the Company
("Transaction Adjusted") as filed with the SEC because we believe such
information would be meaningful to investors by showing how such
transactions might have affected the Company's historical financial
statements. The unaudited Transaction Adjusted financial and subscriber
information in this release has been prepared giving effect to our
acquisition of the operating assets of NuLink on September 9, 2016, and
our divestiture of the Lawrence, Kansas, system on January 12, 2017, as
if such transactions had been completed at the beginning of the
respective periods presented herein. The unaudited Transaction Adjusted
financial and subscriber information is for informational purposes only
and does not purport to represent what our results of operations,
financial or subscriber information would have been if such transactions
had occurred at any date, nor does such information purport to project
the results of operations for any future period.
The unaudited Transaction Adjusted condensed consolidated financial and
subscriber information in this release was prepared based on NuLink's
unaudited financial and subscriber information for the respective
periods presented. The historical unaudited financial and subscriber
information has been adjusted to give a Transaction Adjusted effect to
events that are directly attributable to such transactions, factually
supportable and expected to have a continuing impact on the results. The
unaudited Transaction Adjusted financial information herein does not
reflect non-recurring charges that have been incurred in connection with
the transaction including legal fees, broker fees and accounting fees.
The following table provides an unaudited reconciliation of our Total
Revenue to Transaction Adjusted Total Revenue, Adjusted EBITDA to
Transaction Adjusted EBITDA and Capital Expenditures to Transaction
Adjusted Capital Expenditures for the respective periods ended:
|
WideOpenWest Finance, LLC
Transaction Adjusted Condensed Consolidated Financial Information
(Unaudited)
($ in millions)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended
|
|
|
|
|
LTM
|
|
|
|
Mar. 31,
|
|
|
Jun. 30,
|
|
|
Sept. 30,
|
|
|
Dec. 31,
|
|
|
Mar. 31,
|
|
|
Jun. 30,
|
|
|
Sep. 30,
|
|
|
Dec. 31,
|
|
|
|
|
Dec. 31,
|
|
|
Dec. 31,
|
|
|
|
2015
|
|
|
2015
|
|
|
2015
|
|
|
2015
|
|
|
2016
|
|
|
2016
|
|
|
2016
|
|
|
2016
|
|
|
|
|
2015
|
|
|
2016
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Revenue
|
|
|
$
|
312.3
|
|
|
|
$
|
305.8
|
|
|
|
$
|
297.7
|
|
|
|
$
|
301.3
|
|
|
|
$
|
302.3
|
|
|
|
$
|
307.5
|
|
|
|
$
|
311.2
|
|
|
|
$
|
316.0
|
|
|
|
|
|
$
|
1,217.1
|
|
|
|
$
|
1,237.0
|
|
Transaction Adjustments:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenue related to the Lawrence system
|
|
|
|
(11.8
|
)
|
|
|
|
(11.6
|
)
|
|
|
|
(11.5
|
)
|
|
|
|
(11.5
|
)
|
|
|
|
(11.5
|
)
|
|
|
|
(11.3
|
)
|
|
|
|
(11.5
|
)
|
|
|
|
(11.4
|
)
|
|
|
|
|
|
(46.4
|
)
|
|
|
|
(45.7
|
)
|
Revenue related to NuLink
|
|
|
|
6.1
|
|
|
|
|
6.2
|
|
|
|
|
6.2
|
|
|
|
|
6.2
|
|
|
|
|
6.2
|
|
|
|
|
6.2
|
|
|
|
|
4.7
|
|
|
|
|
-
|
|
|
|
|
|
|
24.7
|
|
|
|
|
17.1
|
|
Transaction Adjusted Total Revenue
|
|
|
$
|
306.6
|
|
|
|
$
|
300.4
|
|
|
|
$
|
292.4
|
|
|
|
$
|
296.0
|
|
|
|
$
|
297.0
|
|
|
|
$
|
302.4
|
|
|
|
$
|
304.4
|
|
|
|
$
|
304.6
|
|
|
|
|
|
$
|
1,195.4
|
|
|
|
$
|
1,208.4
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Adjusted EBITDA
|
|
|
$
|
109.7
|
|
|
|
$
|
112.7
|
|
|
|
$
|
109.6
|
|
|
|
$
|
111.9
|
|
|
|
$
|
112.9
|
|
|
|
$
|
114.9
|
|
|
|
$
|
115.7
|
|
|
|
$
|
120.1
|
|
|
|
|
|
$
|
443.9
|
|
|
|
$
|
463.6
|
|
Transaction Adjustments:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Adjusted EBITDA related to the Lawrence system
|
|
|
|
(5.8
|
)
|
|
|
|
(5.9
|
)
|
|
|
|
(5.7
|
)
|
|
|
|
(5.8
|
)
|
|
|
|
(5.9
|
)
|
|
|
|
(5.9
|
)
|
|
|
|
(5.9
|
)
|
|
|
|
(6.0
|
)
|
|
|
|
|
|
(23.2
|
)
|
|
|
|
(23.7
|
)
|
Adjusted EBITDA related to NuLink
|
|
|
|
2.0
|
|
|
|
|
2.1
|
|
|
|
|
2.1
|
|
|
|
|
2.2
|
|
|
|
|
2.0
|
|
|
|
|
2.1
|
|
|
|
|
1.7
|
|
|
|
|
-
|
|
|
|
|
|
|
8.4
|
|
|
|
|
5.8
|
|
Transaction Adjusted EBITDA
|
|
|
$
|
105.9
|
|
|
|
$
|
108.9
|
|
|
|
$
|
106.0
|
|
|
|
$
|
108.3
|
|
|
|
$
|
109.0
|
|
|
|
$
|
111.1
|
|
|
|
$
|
111.5
|
|
|
|
$
|
114.1
|
|
|
|
|
|
$
|
429.1
|
|
|
|
$
|
445.7
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Capex
|
|
|
$
|
55.6
|
|
|
|
$
|
54.7
|
|
|
|
$
|
64.5
|
|
|
|
$
|
57.1
|
|
|
|
$
|
63.6
|
|
|
|
$
|
71.3
|
|
|
|
$
|
72.3
|
|
|
|
$
|
80.3
|
|
|
|
|
|
$
|
231.9
|
|
|
|
$
|
287.5
|
|
Transaction Adjustments:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Capex related to the Lawrence system
|
|
|
|
(0.7
|
)
|
|
|
|
(0.7
|
)
|
|
|
|
(1.8
|
)
|
|
|
|
(3.2
|
)
|
|
|
|
(1.3
|
)
|
|
|
|
(1.4
|
)
|
|
|
|
(1.7
|
)
|
|
|
|
(1.3
|
)
|
|
|
|
|
|
(6.4
|
)
|
|
|
|
(5.7
|
)
|
Capex related to NuLink
|
|
|
|
0.8
|
|
|
|
|
1.1
|
|
|
|
|
1.1
|
|
|
|
|
0.7
|
|
|
|
|
1.2
|
|
|
|
|
1.7
|
|
|
|
|
0.9
|
|
|
|
|
-
|
|
|
|
|
|
|
3.7
|
|
|
|
|
3.8
|
|
Transaction Adjusted Total Capex
|
|
|
$
|
55.7
|
|
|
|
$
|
55.1
|
|
|
|
$
|
63.8
|
|
|
|
$
|
54.6
|
|
|
|
$
|
63.5
|
|
|
|
$
|
71.6
|
|
|
|
$
|
71.5
|
|
|
|
$
|
79.0
|
|
|
|
|
|
$
|
229.2
|
|
|
|
$
|
285.6
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The unaudited Transaction Adjusted condensed consolidated financial
information presented above should be read in conjunction with the
information contained in "Management's Discussion and Analysis of
Financial Condition and Results of Operations," the consolidated
financial statements and the accompanying notes appearing in our Annual
Report on Form 10-K for the year ended December 31, 2016, as filed with
the SEC on March 23, 2017.
The following table provides an unaudited reconciliation of our reported
subscriber information to Transaction Adjusted subscriber information as
of the end of each of the respective quarterly periods:
|
|
|
|
|
|
|
4Q-14
|
|
|
1Q-15
|
|
|
2Q-15
|
|
|
3Q-15
|
|
|
4Q-15
|
|
|
1Q-16
|
|
|
2Q-16
|
|
|
3Q-16
|
|
|
4Q-16
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Reported Homes Passed
|
|
|
2,985,000
|
|
|
|
2,988,600
|
|
|
|
2,993,100
|
|
|
|
2,997,200
|
|
|
|
3,003,100
|
|
|
|
3,010,700
|
|
|
|
3,022,800
|
|
|
|
3,075,000
|
|
|
|
3,094,300
|
|
Transaction Adjustments:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NuLink
|
|
|
34,000
|
|
|
|
34,000
|
|
|
|
34,000
|
|
|
|
34,000
|
|
|
|
34,000
|
|
|
|
34,000
|
|
|
|
34,000
|
|
|
|
-
|
|
|
|
-
|
|
Lawrence
|
|
|
(66,900
|
)
|
|
|
(66,900
|
)
|
|
|
(67,100
|
)
|
|
|
(67,300
|
)
|
|
|
(67,500
|
)
|
|
|
(67,600
|
)
|
|
|
(67,700
|
)
|
|
|
(67,900
|
)
|
|
|
(68,000
|
)
|
Transaction Adjusted Homes Passed
|
|
|
2,952,100
|
|
|
|
2,955,700
|
|
|
|
2,960,000
|
|
|
|
2,963,900
|
|
|
|
2,969,600
|
|
|
|
2,977,100
|
|
|
|
2,989,100
|
|
|
|
3,007,100
|
|
|
|
3,026,300
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Reported Total Customers
|
|
|
809,100
|
|
|
|
799,200
|
|
|
|
787,100
|
|
|
|
781,700
|
|
|
|
777,800
|
|
|
|
784,600
|
|
|
|
785,600
|
|
|
|
800,800
|
|
|
|
803,400
|
|
Transaction Adjustments:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NuLink
|
|
|
15,500
|
|
|
|
15,600
|
|
|
|
15,400
|
|
|
|
15,500
|
|
|
|
15,500
|
|
|
|
15,400
|
|
|
|
15,200
|
|
|
|
-
|
|
|
|
-
|
|
Lawrence
|
|
|
(31,700
|
)
|
|
|
(31,600
|
)
|
|
|
(30,900
|
)
|
|
|
(31,400
|
)
|
|
|
(31,100
|
)
|
|
|
(31,200
|
)
|
|
|
(30,600
|
)
|
|
|
(31,100
|
)
|
|
|
(31,100
|
)
|
Transaction Adjusted Total Customers
|
|
|
792,900
|
|
|
|
783,200
|
|
|
|
771,600
|
|
|
|
765,800
|
|
|
|
762,200
|
|
|
|
768,800
|
|
|
|
770,200
|
|
|
|
769,700
|
|
|
|
772,300
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Reported HSD Subscribers
|
|
|
727,800
|
|
|
|
722,000
|
|
|
|
713,100
|
|
|
|
712,300
|
|
|
|
712,500
|
|
|
|
722,200
|
|
|
|
725,700
|
|
|
|
742,000
|
|
|
|
747,400
|
|
Transaction Adjustments:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NuLink
|
|
|
13,400
|
|
|
|
13,600
|
|
|
|
13,500
|
|
|
|
13,700
|
|
|
|
13,800
|
|
|
|
13,800
|
|
|
|
13,600
|
|
|
|
-
|
|
|
|
-
|
|
Lawrence
|
|
|
(27,800
|
)
|
|
|
(28,000
|
)
|
|
|
(27,500
|
)
|
|
|
(28,000
|
)
|
|
|
(28,000
|
)
|
|
|
(28,200
|
)
|
|
|
(27,800
|
)
|
|
|
(28,400
|
)
|
|
|
(28,500
|
)
|
Transaction Adjusted HSD Subscribers
|
|
|
713,400
|
|
|
|
707,600
|
|
|
|
699,100
|
|
|
|
698,000
|
|
|
|
698,300
|
|
|
|
707,800
|
|
|
|
711,500
|
|
|
|
713,600
|
|
|
|
718,900
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Reported Video Subscribers
|
|
|
634,700
|
|
|
|
606,500
|
|
|
|
582,700
|
|
|
|
564,500
|
|
|
|
547,500
|
|
|
|
537,200
|
|
|
|
524,300
|
|
|
|
514,900
|
|
|
|
501,400
|
|
Transaction Adjustments:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NuLink
|
|
|
10,900
|
|
|
|
10,800
|
|
|
|
10,400
|
|
|
|
10,300
|
|
|
|
10,200
|
|
|
|
10,100
|
|
|
|
9,800
|
|
|
|
-
|
|
|
|
-
|
|
Lawrence
|
|
|
(19,300
|
)
|
|
|
(18,600
|
)
|
|
|
(17,500
|
)
|
|
|
(17,200
|
)
|
|
|
(16,800
|
)
|
|
|
(16,300
|
)
|
|
|
(15,600
|
)
|
|
|
(15,300
|
)
|
|
|
(15,000
|
)
|
Transaction Adjusted Video Subscribers
|
|
|
626,300
|
|
|
|
598,700
|
|
|
|
575,600
|
|
|
|
557,600
|
|
|
|
540,900
|
|
|
|
531,000
|
|
|
|
518,500
|
|
|
|
499,600
|
|
|
|
486,400
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Reported Telephony Subscribers
|
|
|
359,400
|
|
|
|
339,600
|
|
|
|
324,500
|
|
|
|
310,600
|
|
|
|
296,800
|
|
|
|
286,600
|
|
|
|
277,500
|
|
|
|
267,400
|
|
|
|
258,100
|
|
Transaction Adjustments:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NuLink
|
|
|
4,100
|
|
|
|
4,000
|
|
|
|
4,000
|
|
|
|
3,900
|
|
|
|
3,900
|
|
|
|
3,700
|
|
|
|
3,600
|
|
|
|
-
|
|
|
|
-
|
|
Lawrence
|
|
|
(9,000
|
)
|
|
|
(8,700
|
)
|
|
|
(8,400
|
)
|
|
|
(8,100
|
)
|
|
|
(7,900
|
)
|
|
|
(7,600
|
)
|
|
|
(7,400
|
)
|
|
|
(7,200
|
)
|
|
|
(7,000
|
)
|
Transaction Adjusted Telephony Subscribers
|
|
|
354,500
|
|
|
|
334,900
|
|
|
|
320,100
|
|
|
|
306,400
|
|
|
|
292,800
|
|
|
|
282,700
|
|
|
|
273,700
|
|
|
|
260,200
|
|
|
|
251,100
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Reported Total RGUs
|
|
|
1,721,900
|
|
|
|
1,668,100
|
|
|
|
1,620,300
|
|
|
|
1,587,400
|
|
|
|
1,556,800
|
|
|
|
1,546,000
|
|
|
|
1,527,500
|
|
|
|
1,524,300
|
|
|
|
1,506,900
|
|
Transaction Adjustments:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NuLink
|
|
|
28,400
|
|
|
|
28,400
|
|
|
|
27,900
|
|
|
|
27,900
|
|
|
|
27,900
|
|
|
|
27,600
|
|
|
|
27,100
|
|
|
|
-
|
|
|
|
-
|
|
Lawrence
|
|
|
(56,100
|
)
|
|
|
(55,200
|
)
|
|
|
(53,400
|
)
|
|
|
(53,300
|
)
|
|
|
(52,600
|
)
|
|
|
(52,200
|
)
|
|
|
(50,800
|
)
|
|
|
(50,900
|
)
|
|
|
(50,500
|
)
|
Transaction Adjusted Total RGUs
|
|
|
1,694,200
|
|
|
|
1,641,300
|
|
|
|
1,594,800
|
|
|
|
1,562,000
|
|
|
|
1,532,000
|
|
|
|
1,521,400
|
|
|
|
1,503,800
|
|
|
|
1,473,400
|
|
|
|
1,456,400
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
View source version on businesswire.com: http://www.businesswire.com/news/home/20170323005855/en/
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