Last $11.23 USD
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As of 1:52 PM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

general communication inc-a (GNCMA) Key Developments

General Communication Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Reaffirms Earnings Guidance for the Full Year 2014

General Communication Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported total revenues were $224,399,000 against $189,661,000 a year ago. Operating income was $38,414,000 against $25,695,000 a year ago. Income before income tax expense was $19,195,000 against $8,221,000 a year ago. Net income attributable to the company was $8,155,000 against $4,180,000 a year ago. Diluted income per Class A and B common shares were $0.20 against $0.10 a year ago. EBITDA was $2,193,000 against $1,647,000 a year ago. Adjusted EBITDA was $84,471,000 against $62,139,000 a year ago. Second quarter revenues up approximately $35 million compared to the second quarter of 2013. The 18% year-over-year growth was largely driven by the AWN transaction, while the 4% growth was driven by seasonally higher wireless roaming revenues. For the six months, the company reported total revenues were $440,682,000 against $375,877,000 a year ago. Operating income was $68,679,000 against $48,755,000 a year ago. Income before income tax expense was $31,152,000 against $14,377,000 a year ago. Net income attributable to the company was $10,276,000 against $7,424,000 a year ago. Diluted income per Class A and B common shares were $0.25 against $0.18 a year ago. EBITDA was $3,971,000 against $2,906,000 a year ago. Adjusted EBITDA was $159,268,000 against $120,788,000 a year ago. Cash expenditures for property and equipment have totaled $81 million year to date, which includes $19 million for the purchase of real estate, or $62 million in core cash capital expenditures. The company reaffirmed earnings guidance for the full year 2014. The company expects revenues in the range of $910 million to $930 million, and adjusted EBITDA in the range of $285 million to $305 million. On a revenue perspective, the first half performance was weaker than expected, and the company is revising the range downward to $880 million to $900 million. For earnings as measured by adjusted EBITDA, however, the strong performance in the first two quarters implies that the high end of the range is most likely. At this time, the company is continuing its guidance for 2014 core cash capital expenditures of approximately $170 million. The company total CapEx is expected to be approximately $210 million for the year. The company if not increasing the guidance, but the company would note that the bottom portion of that guidance is becoming increasingly unlikely.

General Communication Inc. to Report Q2, 2014 Results on Aug 06, 2014

General Communication Inc. announced that they will report Q2, 2014 results at 5:00 PM, Eastern Standard Time on Aug 06, 2014

General Communication Inc., Q2 2014 Earnings Call, Aug 07, 2014

General Communication Inc., Q2 2014 Earnings Call, Aug 07, 2014

General Communication Inc., Annual General Meeting, Jun 23, 2014

General Communication Inc., Annual General Meeting, Jun 23, 2014., at 18:00 Alaskan Daylight. Location: Juneau Yacht Club. Agenda: To consider the election of three directors, each for a three year term, as part of Class I of the company's classified board of directors; to ratify the appointment of Grant Thornton LLP as the company's independent registered public accounting firm for the year ended December 31, 2014; to consider the compensation of named executive officers; and to transact such other business as may properly come before the annual meeting and any adjournment or adjournments of it.

General Communication Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014; Provides Consolidated Earnings Guidance for the Year 2014

General Communication Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported total revenues were $216.28 million against $186.22 million a year ago. Operating income was $30.26 million against $23.06 million a year ago. Income before income tax expense was $11.96 million against $6.16 million a year ago. Net income attributable to the company was $2.12 million against $3.24 million a year ago. Diluted income per Class A and B common shares were $0.05 against $0.08 a year ago. EBITDA was $72.52 million against $57.06 million a year ago. Adjusted EBITDA was $74.8 million against $58.65 million a year ago. Cash capital expenditures for the quarter were $20 million, exclusive of grant funded capital expenditures and a satellite capital lease. Cash flow from operations was $64.9 million. The company continues its guidance of annual 2014 consolidated revenues in the range of $910 million to $930 million, and adjusted EBITDA in the range of $285 million to $305 million, though there are increased pressures on the top line. Further, the company continues its guidance for cash capital expenditures of approximately $170 million, excluding real estate and the extension of a satellite lease which was capitalized, as well as any grant-funded capital expenditures.

 

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GNCMA

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Valuation GNCMA Industry Range
Price/Earnings 37.5x
Price/Sales 0.5x
Price/Book 2.7x
Price/Cash Flow 2.4x
TEV/Sales NM Not Meaningful
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