GCI Reports First Quarter 2013 Financial Results

               GCI Reports First Quarter 2013 Financial Results

- Consolidated revenue of $186.2 million

- Adjusted EBITDA of $58.6 million

- Net income of $3.2 million or $0.08 per diluted share

PR Newswire

ANCHORAGE, Alaska, May 1, 2013

ANCHORAGE, Alaska, May 1, 2013 /PRNewswire/ -- General Communication, Inc.
("GCI") (NASDAQ:GNCMA) today reported its first quarter 2013 results with
revenues increasing to $186.2 million over revenues of $171.9 million in the
first quarter of 2012, an increase of $14.3 million or 8.3 percent. Adjusted
EBITDA increased $3.8 million or 7.0 percent over the first quarter of 2012
EBITDA of $54.8 million.

GCI's first quarter 2013 net income totaled $3.2 million or earnings per
diluted share of $0.08 and compares to net income of $1.4 million or earnings
per diluted share of $0.03 for the first quarter of 2012.

First quarter of 2013 revenues increased $2.5 million or 1.4 percent over
revenues of $183.7 million in the fourth quarter of 2012. Adjusted EBITDA
increased $5.5 million or 10.4 percent over adjusted EBITDA of $53.1 million
in the fourth quarter of 2012.

"GCI had a good first quarter," said Ron Duncan, GCI president. "Typically the
first quarter is the slowest one of the year. We are off to a good start and I
am pleased with both the customer metrics and financial performance."

"Yesterday we completed the refinancing of our senior credit facility, taking
another step in satisfying the remaining conditions to close the AWN
transaction."

The AWN transaction is expected to close once all requisite regulatory
approvals are received. The timing of such closing during the quarter will
impact GCI's 2013 results. GCI will issue guidance on consolidated revenues,
EBITDA and AWN's expected preferred distributions for 2013 after the AWN
transaction has been approved and completed.

Highlights

  oManaged broadband revenues for the first quarter of 2013 totaled $28.0
    million, an increase of $3.5 million or 14.1 percent over the first
    quarter of 2012 and a decrease of $0.5 million on a sequential basis. The
    year-over-year growth is due to continuing investment in terrestrial
    broadband facilities in rural Alaska and success in acquiring additional
    telemedicine and distance learning customers.
  oGCI repurchased 764,380 shares of its Class A common stock in the first
    quarter of 2013 at an average price per share of $8.64. GCI is authorized
    to repurchase $99.7 million of its shares depending on company
    performance, market conditions, liquidity, and subject to board oversight.
    At the end of the first quarter of 2013, GCI had approximately 41.5
    million shares outstanding.
  oGCI received payment of $2.0 million for IRU capacity sold to a large
    carrier customer in the first quarter of 2013. The IRU sale is treated as
    deferred revenue and will be recognized into income over the expected life
    of the capacity.
  oGCI had 130,400 consumer and commercial cable modem customers at the end
    of the first quarter of 2013, an increase of 8,400 over the end of the
    first quarter of 2012 and an increase of 1,500 on a sequential basis.
    Average monthly revenue per cable modem for the first quarter of 2013 was
    $66.53, an increase of $5.05 over $61.48 posted for the prior year and
    $0.76 over $65.77 reported for the fourth quarter of 2012.
  oOn April 30, 2013, GCI Holdings, Inc., a wholly owned subsidiary of GCI,
    closed on a $390 million senior secured credit facility with Credit
    Agricole Corporate and Investment Bank, as administrative agent, Union
    Bank, N.A., as syndication agent, and SunTrust Bank as documentation
    agent, and as co-lead arrangers and joint book runners. The pro-rata bank
    facility provides up to $240.0 million of delayed draw term loans and a
    $150.0 million revolving credit facility. The interest rate under the loan
    agreement is LIBOR plus a margin of 2 percent to 3 percent dependent upon
    the total leverage ratio. The facility will mature on April 30, 2018.
  oIn part, in anticipation of closing the AWN transaction, we have changed
    our segment reporting methodology. Effective the first of this year, we
    are now organized in two segments, including wireless and wireline. The
    wireless segment's revenue is derived from wholesale wireless services,
    which includes revenue that was previously reported in the historical
    consumer, network access, and commercial segments. The wireline segment's
    revenue is from all of our other services and products and includes three
    major customer groups: consumer, business services and managed broadband.
    The consumer customer group includes the historical consumer segment, the
    business services customer group includes the historical commercial and
    network access segments, and the managed broadband customer group includes
    the historical managed broadband and regulated operations segments. The
    comparative figures for 2012 have been recast to be consistent with the
    new segment presentation.

Wireless
Wireless revenues of $33.8 million, for the first quarter of 2013, increased
$4.4 million or 14.9 percent when compared to the prior year quarter and $1.2
million or 3.5 percent on a sequential basis. The increase is primarily due to
increases in roaming revenue and retail non-Lifeline wireless subscribers. GCI
served 141,600 wireless subscribers at the end of the first quarter 2013.

GCI served 108,900 postpaid and pre-paid non-Lifeline wireless subscribers at
the end of the first quarter of 2013, an increase of 10,300 over the end of
the prior year quarter and an increase of 1,300 wireless customers
sequentially.

GCI served 32,700 Lifeline customers at the end of the first quarter of 2013,
a decrease of 8,700 when compared to the prior year quarter and an increase of
300 on a sequential basis.

Wireline - Consumer
Consumer revenues of $68.1 million for the first quarter of 2013 increased 2.0
percent over the first quarter of 2012 and were steady with the fourth quarter
of 2012. An increase in data and wireless revenues offset the decreases in
voice and video revenues when compared to the first quarter of 2012.

Consumer voice revenues of $9.5 million decreased $1.7 million when compared
to the prior year quarter and were steady with the fourth quarter of 2012 as
customers continue to abandon wireline service and shift to wireless. Consumer
local access lines in service at the end of the first quarter of 2013 totaled
68,000, a decrease of 8,100 lines from the first quarter of 2012 and 1,700
lines from the fourth quarter of 2012.

Consumer video revenues of $28.0 million decreased $1.1 million from the first
quarter of 2012 and $0.7 million from the fourth quarter of 2012. The decrease
is primarily due to a decline in basic video subscribers. Consumer basic video
subscribers totaled 122,000 at the end of the first quarter of 2013, a
decrease of 2,200 subscribers from the first quarter of 2012 and 300
subscribers from the fourth quarter of 2012. GCI has had a steady increase in
the number of customers who subscribe only to cable modem service. These
customers may be purchasing video programming from other sources including
over-the-top providers such as Netflix and Hulu.

Consumer data revenues of $24.1 million increased $3.6 million or 17.6 percent
over the first quarter of 2012 and $0.9 million or 4.1 percent over the fourth
quarter of 2012. The increase in consumer data revenues is due to an increase
in cable modem customers and increasing monthly usage. GCI added 6,300
consumer cable modem customers over the first quarter of 2012 and cable modem
customer counts increased by 1,400 on a sequential basis.

Consumer wireless revenues of $6.5 million increased $0.5 million or 8.3
percent from the first quarter of 2012. Wireless revenues decreased $0.5
million when compared to the fourth quarter of 2012.

Wireline - Business Services
Business services revenues of $56.3 million increased $5.1 million or 10.1
percent over the first quarter of 2012 and $2.2 million or 4.1 percent
sequentially.

Voice revenues of $12.3 million were steady with the first quarter of 2012 and
increased $0.8 million or 6.7 percent sequentially.

Commercial data service revenues were $40.1 million in the first quarter of
2013, an increase of $5.0 million over the first quarter of 2012 and an
increase of $1.7 million over the fourth quarter of 2012. Commercial data
service revenues include both transport charges for data circuits,
professional services which are time and materials charges for GCI on-site
support of customer operations and data center revenues. As summarized in the
table below, data transport charges of $23.6 million decreased by $1.2 million
as compared to the first quarter of 2012, time and material charges for
support activities increased by $6.1 million to $16.2 million and data center
revenues increased by $0.1 million over the first quarter of 2012.

Millions $             Q1 2013 Q1 2012 Q4 2012
Data Transport Charges $23.6   $24.8   $24.3
Professional Services  16.2    10.1    13.8
Data Center Revenues   0.3     0.2     0.3
Total Data Revenues    $40.1   $35.1   $38.4

Wireline - Managed Broadband
Managed broadband revenues for the first quarter of 2013 totaled $28.0
million, an increase of $3.5 million or 14.1 percent over the first quarter of
2012 and a decrease of $0.5 million on a sequential basis. The year-over-year
growth is due to continuing investment in terrestrial broadband facilities in
rural Alaska and success in acquiring additional telemedicine and distance
learning customers. GCI will complete the extension of its terrestrial
broadband network to Nome by the end of this year and to Kotzebue by the end
of 2014. The sequential decrease in revenues is due to fewer product sales in
the first quarter of 2013. 

Other Items
SG&A expenses for the first quarter of 2013 totaled $64.5 million, an increase
of $1.5 million or 2.5 percent as compared to $63.0 million for the first
quarter of 2012. The increase is due to labor and related benefits and
contract labor related to non-capitalizable network projects for our ConnectMD
and SchoolAccess customers. As a percentage of revenues, SG&A expenses
decreased to 34.7 percent in the first quarter of 2013 as compared to 36.6
percent in the prior year quarter.

GCI's first quarter 2013 capital expenditures totaled $29.3 million as
compared to $26.6 million in the first quarter of 2012.

GCI will hold a conference call to discuss the quarter's results on Thursday,
May 2, 2013 beginning at 2 p.m. (Eastern). To access the briefing on May 2,
call the conference operator between 1:50-2:00 p.m. (Eastern Time) at
800-475-0222 (International callers should dial 1-517-308-9186) and identify
your call as "GCI." In addition to the conference call, GCI will make
available net conferencing. To access the call via net conference, log on to
www.gci.com and follow the instructions. A replay of the call will be
available for 72-hours by dialing 800-967-7626, access code 7461
(International callers should dial 1-203-369-3097).

GCI is the largest telecommunications company in Alaska. GCI's cable plant,
which provides broadband data services, video, and voice, passes 78 percent of
Alaska households. GCI operates Alaska's most extensive terrestrial/subsea
fiber optic network which connects not only Anchorage but also Fairbanks and
Juneau/Southeast Alaska to the lower 48 states with a diversely routed,
protected fiber network. GCI's TERRA-Southwest fiber/microwave system links 65
communities in the Bristol Bay and Yukon-Kuskokwim Delta to Anchorage bringing
terrestrial broadband Internet access to the region for the first time. GCI's
satellite network provides communications services to small towns and
communities throughout rural Alaska. GCI's statewide mobile wireless network
seamlessly links urban and rural Alaska.

A pioneer in bundled services, GCI is the top provider of data, video and
voice services to Alaska consumers with a 70 percent share of the consumer
broadband market. GCI is also the leading provider of communications services
to enterprise customers, particularly large enterprise customers with complex
data networking needs. More information about GCI can be found at www.gci.com.

The foregoing contains forward-looking statements regarding GCI's expected
results that are based on management's expectations as well as on a number of
assumptions concerning future events. Actual results might differ materially
from those projected in the forward looking statements due to uncertainties
and other factors, many of which are outside GCI's control. Additional
information concerning factors that could cause actual results to differ
materially from those in the forward looking statements is contained in GCI's
cautionary statement sections of Forms 10-K and 10-Q filed with the Securities
and Exchange Commission.

GENERAL COMMUNICATION, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(Unaudited)
(Amounts in thousands)
                                                   March 31,     December 31,
Assets                                             2013          2012
Current assets:
 Cash and cash equivalents                        $   30,773  24,491
 Receivables                                      163,999       150,436
 Less allowance for doubtful receivables          2,890         3,215
 Net receivables                               161,109       147,221
 Deferred income taxes                            12,897        12,897
 Prepaid expenses                                 10,720        8,441
 Inventories                                      12,688        12,098
 Other current assets                             1,162         1,678
 Total current assets                        229,349       206,826
Property and equipment in service, net of          855,883       838,247
depreciation
Construction in progress                           73,514        94,418
 Net property and equipment                  929,397       932,665
Cable certificates                                 191,635       191,635
Goodwill                                           77,294        77,294
Wireless licenses                                  25,967        25,967
Restricted cash                                    26,766        30,933
Other intangible assets, net of amortization       15,939        16,560
Deferred loan and senior notes costs, net of       10,774        11,189
amortization
Other assets                                       13,185        13,453
 Total other assets                             361,560       367,031
 Total assets                                $1,520,306    1,506,522
                                                                 (Continued)
GENERAL COMMUNICATION, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(Unaudited)
(Continued)
(Amounts in thousands)
                                                   March 31,     December 31,
Liabilities and Stockholders' Equity               2013          2012
Current liabilities:
 Current maturities of obligations under          $   8,092  7,923
long-term debt and capital leases
 Accounts payable                                 37,868        52,384
 Deferred revenue                                 25,543        25,218
 Accrued payroll and payroll related obligations  20,684        19,440
 Accrued interest                                 21,508        6,786
 Accrued liabilities                              15,288        15,242
 Subscriber deposits                              1,482         1,366
 Total current liabilities                     130,465       128,359
Long-term debt, net                                885,270       875,123
Obligations under capital leases, excluding        71,143        72,725
current maturities
Obligation under capital lease due to related      1,889         1,892
party, excluding current maturity
Deferred income taxes                              126,690       123,661
Long-term deferred revenue                         91,078        89,815
Other liabilities                                  25,675        25,511
 Total liabilities                           1,332,210     1,317,086
Commitments and contingencies
Stockholders' equity:
 Common stock (no par):
 Class A. Authorized 100,000 shares; issued
38,396 and 38,534 shares at March 31, 2013 and
December 31, 2012, respectively; outstanding       16,598        22,703
38,297 and 38,357 shares at March 31, 2013 and
December 31, 2012, respectively
 Class B. Authorized 10,000 shares; issued and
outstanding 3,167 and 3,169 shares at March 31,
2013 and December 31, 2012, respectively;          2,675         2,676
convertible on a share-per-share basis into Class
A common stock
 Less cost of 99 and 177 Class A common shares
held in treasury at March 31, 2013 and December    (906)         (1,617)
31, 2012, respectively
 Paid-in capital                                  26,760        25,832
 Retained earnings                               110,828       107,584
 Total General Communication, Inc.           155,955       157,178
stockholders' equity
 Non-controlling interests                        32,141        32,258
 Total stockholders' equity                  188,096       189,436
 Total liabilities and stockholders' equity  $1,520,306    1,506,522

GENERAL COMMUNICATION, INC. AND SUBSIDIARIES
CONSOLIDATED INCOME STATEMENTS
                                                          (Unaudited)
                                                          Three Months Ended
                                                          March 31,
(Amounts in thousands, except per share amounts)          2013        2012
Revenues                                                 $186,216    171,907
Cost of goods sold (exclusive of depreciation and         64,610      56,860
amortization shown separately below)
Selling, general and administrative expenses              64,547      62,982
Depreciation and amortization expense                    33,999      32,380
 Operating income                                       23,060      19,685
Other expense:
 Interest expense (including amortization of deferred    (16,904)    (17,155)
loan fees)
 Other                                                   -           (129)
 Other expense                                          (16,904)    (17,284)
 Income before income tax expense                      6,156       2,401
Income tax expense                                        3,029       1,149
 Net income                                             3,127       1,252
Net loss attributable to non-controlling interests        117         177
 Net income attributable to General Communication, Inc. $  3,244  1,429
Basic net income attributable to General Communication,   $   0.08  0.03
Inc. common stockholders per Class A common share
Basic net income attributable to General Communication,   $   0.08  0.03
Inc. common stockholders per Class B common share
Diluted net income attributable to General Communication, $   0.08  0.03
Inc. common stockholders per Class A common share
Diluted net income attributable to General Communication, $   0.08  0.03
Inc. common stockholders per Class B common share
Common shares used to calculate Class A basic EPS         38,264      38,741
Common shares used to calculate Class A diluted EPS       41,695      42,342

GENERAL COMMUNICATION, INC. AND SUBSIDIARIES
SUPPLEMENTAL SCHEDULES
(Unaudited)
(Amounts in
thousands)
               First Quarter 2013                                      First Quarter 2012
                        Wireline Segment                                        Wireline Segment
               Wireless          Business Managed                      Wireless          Business Managed
               Segment  Consumer Services Broadband Sub-total Total    Segment  Consumer Services Broadband Sub-total Total
Revenues
 Wireless     $33,837  6,546    679      -         7,225     41,062   $29,444  6,046    663      -         6,709     36,153
 Data         -        24,056   40,136   22,680    86,872    86,872   -        20,449   35,133   19,029    74,611    74,611
 Video        -        27,961   3,125    -         31,086    31,086   -        29,022   3,120    -         32,142    32,142
 Voice        -        9,530    12,327   5,339     27,196    27,196   -        11,260   12,204   5,537     29,001    29,001
 Total     33,837   68,093   56,267   28,019    152,379   186,216  29,444   66,777   51,120   24,566    142,463   171,907
Cost of goods  14,412   20,190   24,536   5,472     50,198    64,610   12,571   18,490   19,280   6,519     44,289    56,860
sold
            19,425   47,903   31,731   22,547    102,181   121,606  16,873   48,287   31,840   18,047    98,174    115,047
Contribution
Less SG&A      4,417    31,306   16,083   12,741    60,130    64,547   3,864    33,687   16,593   8,838     59,118    62,982
Less Other     -        -        -        (4)       (4)       (4)      -        -        -        131       131       131
expense
 EBITDA     15,008   16,597   15,648   9,810     42,055    57,063   13,009   14,600   15,247   9,078     38,925    51,934
Add
share-based    104      514      407      234       1,155     1,259    -        884      612      234       1,730     1,730
compensation
Add accretion  77       24       16       10        50        127      64       69       42       13        124       188
Add loss from
noncontrolling -        -        -        200       200       200      -        -        -        177       177       177
interests
Add non-cash   -        -        -        -         -         -        -        444      271      85        800       800
contribution
 Adjusted   $15,189  17,135   16,071   10,254    43,460    58,649   $13,073  15,997   16,172   9,587     41,756    54,829
EBITDA
GENERAL COMMUNICATION, INC. AND SUBSIDIARIES
SUPPLEMENTAL SCHEDULES
(Unaudited)
(Amounts in
thousands)
               First Quarter 2013                                      Fourth Quarter 2012
                        Wireline Segment                                        Wireline Segment
               Wireless          Business Managed                      Wireless          Business Managed
               Segment  Consumer Services Broadband Sub-total Total    Segment  Consumer Services Broadband Sub-total Total
Revenues
 Wireless     $33,837  6,546    679      -         7,225     41,062   $32,679  7,075    739      -         7,814     40,493
 Data         -        24,056   40,136   22,680    86,872    86,872   -        23,115   38,407   23,131    84,653    84,653
 Video        -        27,961   3,125    -         31,086    31,086   -        28,656   3,343    -         31,999    31,999
 Voice        -        9,530    12,327   5,339     27,196    27,196   -        9,613    11,558   5,360     26,531    26,531
 Total     33,837   68,093   56,267   28,019    152,379   186,216  32,679   68,459   54,047   28,491    150,997   183,676
Cost of goods  14,412   20,190   24,536   5,472     50,198    64,610   16,933   22,102   22,096   8,683     52,881    69,814
sold
            19,425   47,903   31,731   22,547    102,181   121,606  15,746   46,357   31,951   19,808    98,116    113,862
Contribution
Less SG&A      4,417    31,306   16,083   12,741    60,130    64,547   3,878    32,993   16,298   8,821     58,112    61,990
Less Other     -        -        -        (4)       (4)       (4)      -        -        -        115       115       115
expense
 EBITDA     15,008   16,597   15,648   9,810     42,055    57,063   11,868   13,364   15,653   10,872    39,889    51,757
Add
share-based    104      514      407      234       1,155     1,259    -        539      386      125       1,050     1,050
compensation
Add accretion  77       24       16       10        50        127      77       (62)     (37)     (11)      (110)     (33)
Add loss from
noncontrolling -        -        -        200       200       200      -        -        -        336       336       336
interests
 Adjusted   $15,189  17,135   16,071   10,254    43,460    58,649   $11,945  13,841   16,002   11,322    41,165    53,110
EBITDA

GENERAL COMMUNICATION, INC. AND SUBSIDIARIES
KEY PERFORMANCE INDICATORS
(Unaudited)
                                             March 31, 2013    March 31, 2013
                                             as compared to    as compared to
                  March   March   December   March   December  March  December
                  31,     31,     31,        31,     31,       31,    31,
                  2013    2012    2012       2012    2012      2012   2012
Wireless segment
 Lifeline lines   32,700  41,400  32,400     (8,700) 300       -21.0% 0.9%
 in service
 Non-Lifeline     108,900 98,600  107,600    10,300  1,300     10.4%  1.2%
 lines in service
 Total lines in   141,600 140,000 140,000    1,600   1,600     1.1%   1.1%
 service
Wireline segment
Consumer
Data
 Cable modem      117,000 110,700 115,600    6,300   1,400     5.7%   1.2%
 subscribers
Video
 Basic            122,000 124,200 122,300    (2,200) (300)     -1.8%  -0.2%
 subscribers
 Digital
 programming tier 72,200  74,600  72,500     (2,400) (300)     -3.2%  -0.4%
 subscribers
 HD/DVR converter 90,300  90,300  90,400     -       (100)     0.0%   -0.1%
 boxes
 Homes passed     244,800 242,200 243,600    2,600   1,200     1.1%   0.5%
Voice
 Local access     68,000  76,100  69,700     (8,100) (1,700)   -10.6% -2.4%
 lines in service
 Local access
 lines in service 63,300  70,700  64,900     (7,400) (1,600)   -10.5% -2.5%
 on GCI
 facilities
Business Services
Data
 Cable modem      13,400  11,300  13,300     2,100   100       18.6%  0.8%
 subscribers
Video
 Hotels and
 mini-headend     16,700  16,100  15,800     600     900       3.7%   5.7%

  subscribers
 Basic            1,900   1,900   1,900      -       -         0.0%   0.0%
 subscribers
  Total basic   18,600  18,000  17,700     600     900       3.3%   5.1%
 subscribers
Voice
 Local access     50,400  51,900  51,600     (1,500) (1,200)   -2.9%  -2.3%
 lines in service
 Local access
 lines in service 30,400  29,900  30,800     500     (400)     1.7%   -1.3%
 on GCI
 facilities
Managed Broadband
Voice:
 Local access     8,100   8,900   8,300      (800)   (200)     -9.0%  -2.4%
 lines in service
                                             March 31, 2013    March 31, 2013
                  Three Months Ended         as Compared to    as Compared to
                  March   March   December   March   December  March  December
                  31,     31,     31,        31,     31,       31,    31,
                  2013    2012    2012       2012    2012      2012   2012
Wireless segment
 Average monthly  $      $      $      $     $   
 revenue per      68.58   66.32    68.21   2.26          3.4%   0.5%
 subscriber                                          0.37
Wireline segment
Consumer
Data
 Average monthly                                     $   
 revenue per      $      $      $      $            8.2%   1.2%
 cable modem      66.53   61.48    65.77   5.05   0.76
 subscriber
Video
 Average monthly  $      $      $      $      $   
 revenue per      76.45   77.72    77.99   (1.27)         -1.6%  -2.0%
 subscriber                                          (1.54)
Total
Voice
 Long-distance
 minutes carried  228.5   238.3   227.2      (9.8)   1.3       -4.1%  0.6%
 (in millions)

General Communication, Inc.
Non-GAAP Financial Reconciliation Schedule
(Unaudited, Amounts in Millions)
                                            Three Months Ended
                                            March 31,  March 31,  December 31,
                                            2013       2012       2012
Net income                                $ 3.1        1.3        0.6
Income tax expense                          3.1        1.1        1.7
Income before income tax expense            6.2        2.4        2.3
Other expense:
Interest expense (including amortization    16.9       17.2       16.8
of deferred loan fees)
Other                                       -          0.1        0.2
Other expense                               16.9       17.3       17.0
Operating income                           23.1       19.7       19.3
Depreciation and amortization expense       34.0       32.3       32.6
Equity investment                           -          (0.1)      (0.1)
EBITDA (Note 2)                             57.1       51.9       51.8
Share-based compensation                    1.2        1.7        1.0
Accretion                                   0.1        0.2        -
Non-controlling interests                   0.2        0.2        0.3
Non-cash contribution adjustment            -          0.8        -
Adjusted EBITDA (Note 1)                  $ 58.6       54.8       53.1

Notes:
        EBITDA (as defined in Note 2 below) before deducting share-based
(1)     compensation, accretion expense, and net loss attributable to
        non-controlling interests and non-cash contribution adjustment.
        Earnings Before Interest, Taxes, Depreciation and Amortization is the
        sum of Net Income, Interest Expense (including Amortization of
        Deferred Loan Fees), Interest Income, Income Tax Expense, and
        Depreciation and Amortization Expense. EBITDA is not presented as an
        alternative measure of net income, operating income or cash flow from
        operations, as determined in accordance with accounting principles
        generally accepted in the United States of America. GCI's management
        uses EBITDA to evaluate the operating performance of its business, and
(2)     as a measure of performance for incentive compensation purposes. GCI
        believes EBITDA is a measure used as an analytical indicator of income
        generated to service debt and fund capital expenditures. In addition,
        multiples of current or projected EBITDA are used to estimate current
        or prospective enterprise value. EBITDA does not give effect to cash
        used for debt service requirements, and thus does not reflect funds
        available for investment or other discretionary uses. EBITDA as
        presented herein may not be comparable to similarly titled measures
        reported by other companies.

Source: GCI

SOURCE General Communication, Inc.

Website: http://www.gci.com
Contact: John Lowber, +1-907-868-5628; jlowber@gci.com, or Bruce Broquet,
+1-907-868-6660; bbroquet@gci.com, David Morris, +1-907-265-5396;
dmorris@gci.com
 
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