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Dec 31, 2021

Uniti Q4 2021 Earnings Report

Uniti reported fourth quarter and full year results for 2021.

Key Takeaways

Uniti Group Inc. reported consolidated revenues of $293.0 million and net income of $35.9 million for the fourth quarter of 2021. Adjusted EBITDA was $231.1 million and AFFO attributable to common shareholders was $114.0 million, or $0.44 per diluted common share.

Consolidated bookings of ~$1 Million in Monthly Recurring Revenue for the third consecutive quarter.

Net Income of $0.15 Per Diluted Common Share for the Fourth Quarter.

Adjusted EBITDA grew 7% for the Full Year from the Prior Full Year.

AFFO Per Diluted Common Share of $0.44 for the Fourth Quarter.

Total Revenue
$293M
Previous year: $275M
+6.4%
EPS
$0.44
Previous year: $0.42
+4.8%
Gross Profit
$250M
Previous year: $234M
+6.6%
Cash and Equivalents
$58.9M
Previous year: $77.5M
-24.0%
Free Cash Flow
-$240M
Previous year: -$346M
-30.6%
Total Assets
$4.81B
Previous year: $4.73B
+1.6%

Uniti

Uniti

Uniti Revenue by Segment

Forward Guidance

The Company’s consolidated outlook for 2022 excludes future acquisitions, capital market transactions, and future transaction-related and other costs. Revenue is expected to be between $1,118 to $1,136 million and Adjusted EBITDA is expected to be between $881 to $899 million.

Positive Outlook

  • Revenue $1,118 to $1,136 million
  • Net income attributable to common shareholders 185 to 203
  • Adjusted EBITDA 881 to 899
  • FFO 398 to 416
  • AFFO 439 to 457

Revenue & Expenses

Visualization of income flow from segment revenue to net income