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Dec 31, 2020
Uniti Q4 2020 Earnings Report
Announced preliminary results for the fourth quarter and full year 2020.
Key Takeaways
Uniti Group Inc. reported preliminary fourth-quarter results with revenues of $275.3 million. The company refinanced its revolving credit facility and issued $1.11 billion of senior unsecured notes.
Consolidated revenues for the fourth quarter of 2020 are expected to be $275.3 million.
Net loss is expected to be $47.7 million for the same period.
AFFO attributable to common shareholders is expected to be $106.4 million, or $0.42 per diluted common share.
Uniti Fiber is expected to contribute $81.4 million of revenues and $30.8 million of Adjusted EBITDA for the fourth quarter of 2020.
Revenue by Segment
Forward Guidance
The Company’s consolidated outlook for 2021 is as follows (in millions): Full Year 2021 Revenue $ 1,083 to $ 1,094 Net income attributable to common shareholders (1) 119 to 131 Adjusted EBITDA (2) 846 to 858
Positive Outlook
- Full Year 2021 Revenue $ 1,083 to $ 1,094
- Net income attributable to common shareholders – Basic $ 0.51 to $ 0.57
- FFO attributable to common shareholders – Basic (2) $ 1.43 to $ 1.48
- AFFO attributable to common shareholders – Basic (3) $ 1.76 to $ 1.81
- Depreciation and amortization 299
Challenges Ahead
- The components of projected future results may not add due to rounding.
- Future transaction related and other costs are not included in our current outlook.
- Capitalized interest (2)
- The components of interest expense may not add to the total due to rounding.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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