centurylink inc (CTL) Key Developments
CenturyLink Cuts 150 Jobs in Colorado
Aug 27 15
As part of CenturyLink Inc.'s previously announced company wide job cuts, 150 Colorado workers have been laid off. The company confirmed last month that it was cutting 1,000 positions out of 44,000 company wide, but at the time it didn't specify how many Colorado workers were affected.
CenturyLink Declares Quarterly Cash Dividend, Payable on September 22, 2015
Aug 25 15
CenturyLink, Inc. declared a regular quarterly cash dividend of $0.54 per share, a portion of which will be payable out of capital surplus, on September 22, 2015, to shareholders of record on September 8, 2015.
CenturyLink Launches Prism TV in Seattle
Aug 18 15
CenturyLink, Inc. announced that residents and businesses in some areas of Seattle can now subscribe to Prism TV, an interactive TV service delivered through CenturyLink's nationwide fiber optic network. Prism TV is a new alternative to cable and satellite services, providing customers with advanced features and the latest in entertainment technology. In mid-2014, CenturyLink began deploying fiber-enabled 1 gigabit broadband service to residential and business customers throughout various Seattle neighborhoods. This fiber broadband service is available to more than 100,000 homes and 5,500 business locations in the Seattle area. CenturyLink is now making additional investments to offer entertainment services such as Prism TV. Advanced features offered by Prism TV include a wireless set-top box, whole-home DVR, a mobile app for watching programming at home or on the go, an extensive video on demand library and an app center for accessing social network sites. In addition, Prism TV offers a large selection of sports channels, including the NFL Network, Pac12 Network, Fox Sports North and SEC Network as well as premium mobile content from HBO GO, MAX GO, STARZ Play and SHOWTIME Anytime. Prism TV is currently available to some residents and businesses in many Seattle neighborhoods, including West Seattle, Ballard, Beacon Hill, Central District, Capitol Hill, Mount Baker and Green Lake.
CenturyLink to Lay Off 1,000 Workers
Aug 9 15
CenturyLink announced that it is eliminating 1,000 jobs companywide. The company's layoffs come on the heels of a disappointing second quarter earnings report. The company said the results were primarily due to continued pressure on wholesale revenues and higher employee and benefit costs.
CenturyLink, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Third Quarter of 2015; Revises Earnings Guidance for the Full Year 2015
Aug 5 15
CenturyLink, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company’s total operating revenues were $4.419 billion against $4.541 billion a year ago. Operating income was $0.549 billion against $0.655 billion a year ago. Net income was $0.143 billion or $0.26 per basic and diluted share against $0.193 billion or $0.34 per basic and diluted share a year ago. On non-GAAP basis, the company’s total operating revenues were $4.419 billion against $4.541 billion a year ago. Operating income was $0.576 billion against $0.720 billion a year ago. Net income was $0.160 billion or $0.29 per basic and diluted share against $0.247 billion or $0.43 per basic and diluted share a year ago.
For the six months, the company’s total operating revenues were $8.870 billion against $9.079 billion a year ago. Operating income was $1.198 billion against $1.308 billion a year ago. Net income was $0.335 billion or $0.60 per basic and diluted share against $0.396 billion or $0.69 per basic and diluted share a year ago. On non-GAAP basis, the company’s total operating revenues were $8.870 billion against $9.079 billion a year ago. Operating income was $1.271 billion against $1.401 billion a year ago. Net income was $0.386 billion or $0.69 per basic and diluted share against $0.467 billion or $0.82 per basic and diluted share a year ago. Net cash provided by operating activities was $2,481 million compared to $2,509 million a year ago. Payments for property, plant and equipment and capitalized software were $1,272 million compared to $1,401 million a year ago.
For the third quarter of 2015, the company expects operating revenues of $4.42 billion to $4.47 billion, core revenues of $4.02 billion to $4.07 billion, operating cash flow of $1.62 billion to $1.67 billion and adjusted diluted EPS of $0.53 to $0.58.
For the full year 2015, the company now expects operating revenues of $17.7 billion to $17.9 billion, core revenues of $16.1 billion to $16.25 billion, operating cash flow of $6.7 billion to $6.85 billion, adjusted diluted EPS of $2.35 to $2.55, free cash flow of $2.5 billion to $2.7 billion and capital expenditures of $2.8 billion against previously expected of operating revenues of $17.9 billion to $18.1 billion, core revenues of $16.25 billion to $16.45 billion, operating cash flow of $6.8 billion to $7.0 billion, adjusted diluted EPS of $2.50 to $2.70, free cash flow of $2.5 billion to $2.7 billion and capital expenditures of $3.8 billion.