Notice: Undefined variable: fileR in
/me/beta.myiris.com/htdocs/newsCentre/bin/addLinksNew.php on line
17
Notice: Undefined variable: fileR in
/me/beta.myiris.com/htdocs/newsCentre/bin/addLinksNew.php on line
142
Communications Sales & Leasing, Inc. (CSAL) swung to a net loss for the quarter ended Dec. 31, 2016. The company has made a net loss of $4.37 million, or $ 0.04 a share in the quarter, against a net profit of $7.17 million, or $0.05 a share in the last year period.
Revenue during the quarter grew 18.97 percent to $206.92 million from $173.93 million in the previous year period.
However, the adjusted EBITDA for the quarter stood at $177.16 million compared with $166.08 million in the prior year period. At the same time, adjusted EBITDA margin contracted 987 basis points in the quarter to 85.62 percent from 95.48 percent in the last year period.
For fiscal year 2017, Communications Sales & Leasing, Inc. expects revenue to be in the range of $841 million to $847 million. The company forecasts net loss to be in the range of $7 million to $1 million.
"We made excellent progress during 2016 executing our strategy. We deployed over $700 million of capital in mission critical communication infrastructure assets, continued to diversify our revenues with high quality customers, expanded our management team, and established Uniti Fiber as a platform for future growth." said Kenny Gunderman, President and chief executive officer.
Operating cash flow improves significantly
Communications Sales & Leasing, Inc. has generated cash of $375.99 million from operating activities during the year, up 28.23 percent or $82.78 million, when compared with the last year.
The company has spent $535.23 million cash to meet investing activities during the year as against cash outgo of $1,079.44 million in the last year.
Cash flow from financing activities was $188.77 million for the year, down 79.67 percent or $739.95 million, when compared with the last year.
Cash and cash equivalents stood at $171.75 million as on Dec. 31, 2016, up 20.53 percent or $29.26 million from $142.50 million on Dec. 31, 2015.
Net receivables were at $15.28 million as on Dec. 31, 2016, up 633.61 percent or $13.20 million from year-ago. Accounts payable stood at $40.98 million as on Dec. 31, 2016.
Total assets stood at $3,318.75million as on Dec. 31, 2016. On the other hand, total liabilities were at $4,640.64 million as on Dec. 31, 2016.
Return on assets was at 2 percent in the quarter.
Debt moves up
Total debt was at $4,082.75 million as on Dec. 31, 2016, up 16.48 percent or $577.52 million from year-ago.
Disclaimer: Please note that this is an auto-generated article. IRIS does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. IRIS especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its website. For queries contact: editor@irisindia.net
