What are the expectations going forward?
6 replies (most recent on top)
7 Weeks into Q1 for 2020 and we are not doing any better.
I am hearing Mid march for round 2. Get your resume / LinkedIn up to date again. We will be competing with everyone that was let go in round 1.
Without using that revolving credit facility of $500M I don't see us lasting too much longer.
Earning report is poor so worker bees will be getting laid off to offset in the immediate future. But Uniti scheme bears fruit yet again and provided a bail out to Windstream. The LR5 are NOT going anywhere, their money train continues. Think of the bonuses that Uniti money can provide!!
Monthly Operating Report for the Period December 1 - December 31, 2019
http://www.kccllc.net/windstream/document/1922312200220000000000002
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Something was mentioned about Kinetic revenues dropping while claiming big growth.
I think it has to do with giving away service to draw in new users.
Twilight zone.....
Revenues dropping between 6 - 8 % annually depending on segment.
Kinetic revenues dropping while claiming big growth.
GAAP results will not be provided.
Nothing mentioned about talent flight due to stagnant wages and ever increasing work loads. Don't worry because LEADERSHIP is making lots of dough and they can do everyone's job only better.
Good times ahead, but only if you are part of the LR5's evil cabal.
https://investor.windstream.com/files/doc_financials/2019/q4/4Q19-Earnings-Press-Release.pdf
For Q4:
Adjusted free cash flow:
Adjusted OIBDA $257.5M
Adjusted capital expenditures (249.6)
Cash paid for interest on long-term debt obligations (79.6)
Cash refunded (paid) for income taxes, net $9.6M
Adjusted free cash flow (62.1)
For 2019:
Adjusted OIBDA $1,084.1M
Adjusted capital expenditures (878.5)
Cash paid for interest on long-term debt obligations (349.9)
Cash refunded (paid) for income taxes, net $8.5M
Adjusted free cash flow (135.8)
Important Highlights:
Cash and cash equivalents $191.8M
Available capacity under DIP credit facility 500.0
Available liquidity 691.8
Cash in the bank was down about $67M for December.
How did we go from $40-50M to a net loss?
Because we paid out $19M in bonuses! that is why.
Even post restructuring we only have enough cash to stay afloat for
3-4 more months. Expect another round of layoffs mid March/April time frame.
My guess would be....THERE ARE NO EARNINGS !