September 01, 2016 2:00 AM ET

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Company Overview of Cequel Communications Holdings I, LLC

Company Overview

Cequel Communications Holdings I, LLC provides video, high-speed Internet, and telephone services through its broadband network to residential and commercial customers in the United States. It offers video services, which include traditional cable video services; advanced digital video services, including digital video recorders, high definition television, video on demand, and pay-per-view; and local, regional, and long-distance calling services, as well as additional services, such as directory assistance, voice mail, and international calling services in the United States, Puerto Rico, the U.S. Virgin Islands, and Guam. The company also provides enterprise class telephone services; and ma...

520 Maryville Centre Drive

Suite 300

St. Louis, MO 63141

United States

6,316 Employees

Phone:

314-315-9400

Key Executives for Cequel Communications Holdings I, LLC

Co-President and Chief Financial Officer
Age: 45
Co-President and Chief Operating Officer
Age: 40
Executive Chairman
Age: 44
Chief Technology Officer and Senior Vice President
Age: 55
President of Commercial & Advertising Operations
Age: 54
Compensation as of Fiscal Year 2016.

Cequel Communications Holdings I, LLC Key Developments

Cequel Communications Holdings I, LLC Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2016

Cequel Communications Holdings I, LLC announced unaudited consolidated earnings results for the first quarter ended March 31, 2016. For the quarter, the company reported total revenues of $627,590,000 against $588,250,000 a year ago. Adjusted EBITDA was $255,470,000 against $221,984,000 a year ago. Income from operations was $54,581,000 against $79,727,000 a year ago. Loss income before income taxes was $42,302,000 against income before income taxes of $18,820,000 a year ago. Net loss was $28,856,000 against net income of $9,385,000 a year ago. Net cash provided by operating activities was $163,949,000 against $149,934,000 a year ago. Total capital expenditures were $73,915,000 against $134,943,000 a year ago. First quarter 2016 revenue increased 6.7%, largely attributable to the increase in residential high-speed Internet revenue, video revenue and advertising revenue, and growth in revenue from its commercial business, including carrier services, offset in part by decreases in telephone revenue. Excluding political advertising sales, total revenue increased 6.5%. Free cash flow was $96.1 million, compared to $25.7 million for the first quarter 2015, an increase of 274.3%. The increase in free cash flow for the first quarter 2016 as compared to the same period in 2015 is due primarily to an increase in adjusted EBITDA of $33.5 million and a decrease in property, plant and equipment purchases of $65.9 million, offset in part by the change in accounts payable and accrued expenses related to capital expenditures and an increase in cash interest expense of $24.1 million primarily due to increased average indebtedness.

Cequel Communications Holdings I, LLC, Q1 2016 Earnings Call, May 11, 2016

Cequel Communications Holdings I, LLC, Q1 2016 Earnings Call, May 11, 2016

Cequel Communications Holdings I, LLC Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2015

Cequel Communications Holdings I, LLC reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2015. For the quarter, revenue of $618,933,000 compared to $592,124,000 for the fourth quarter of the prior year. Adjusted EBITDA was $181,457,000 against $233,511,000 last year. Loss from operations was $74,090,000 against income from operation was $75,479,000 last year. Loss before income taxes was $138,898,000 against income before income taxes of $13,776,000 last year. Net loss was $20,001,000 against income of $7,108,000 last year. Pro-forma revenue was $618,993,000 compared to $592,091,000 last year. Pro-forma adjusted EBITDA was $181,457,000 against $233,519,000 last year. Pro-forma loss from operations was $74,090,000 against income of $75,792,000 last year. Pro-forma loss before income taxes was $138,798,000 against pro-forma income before income taxes of $14,089,000 last year. Pro-forma net loss was $20,001,000 against income of $7,421,000 last year. Net cash provided by operating activities was $153,235,000 against $183,004,000 last year. Total capital expenditures were $115,061,000 against $103,273,000 last year. Revenue increased 4.5%, largely attributable to the increase in residential high-speed Internet revenue and growth in revenue from commercial business, including carrier services, offset in part by decreases in video revenue and advertising revenue. Excluding political advertising sales, total revenue increased 5.2%. Loss from operations due primarily to non-recurring expenses associated with the Altice Acquisition and an increase in non-cash share based compensation expense resulting from the Altice Acquisition, offset, in part, by improved operating results. For the year, revenue was $2,420,312,000 against $2,330,697,000 for the full year of 2014. Adjusted EBITDA was $893,858,000 against $887,916,000 last year. Income from operations was $49,236,000 against $258,499,000 last year. Loss before income taxes was $198,796,000 against income before income taxes of $28,343,000 last year. Net loss was $227,053,000 against net income of $19,482,000 last year. Pro-forma revenue was $2,420,312,000 compared to $2,332,978,000 last year. Pro-forma adjusted EBITDA was $893,858,000 against $888,300,000 last year. Pro-forma income from operations was $49,236,000 against $257,988,000 last year. Pro-forma loss before income taxes was $198,796,000 against pro-forma income before income taxes of $27,832,000 last year. Pro-forma net loss was $227,053,000 against pro-forma net income of $18,971,000 last year. Net cash provided by operating activities was $674,737,000 against $690,663,000 last year. Total capital expenditures were $478,446,000 against $420,605,000 last year. Revenue for 2015 increased 3.7%, largely attributable to the increase in residential high-speed Internet revenue; the impact of video rate increases; growth in converter rental revenue for HDTV and DVR capable digital converters; growth in revenue from commercial business, including carrier services; and growth in advertising revenue. Income from operations due primarily to non-recurring expenses associated with the Altice Acquisition and an increase in non-cash share based compensation expense resulting from the Altice Acquisition offset, in part, by improved operating results.

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