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CNSL Price Correlated With Financials For Consolidated Communications Holdings

Free historical financial statements for Consolidated Communications Holdings Inc.. See how revenue, income, cash flow, and balance sheet financials have changed over 42 quarters since 2012. Compare with CNSL stock chart to see long term trends.

CNSL Stock Compared to Quarterly

CNSL Income Statement

Revenue, Net:298390000
Revenue Per Share:2.5858
Selling, General & Admin Expense:75510000
Operating Income:14449000
Income Taxes:-1275000
Net Income:-11517000
Earnings Per Share, Basic:-0.1
Shares Outstanding, Basic Avg:115395668

CNSL Cash Flow

Operating Activities Net Income:
Depreciation, Depletion & Amortization:72543000
Change in Accounts Receiveable:-761000
Net Cash from Operations:59945000
Net Cash from Operations Per Share:0.5195
Net Cash from Financing Activities:-2183000
Property, Plant & Equipment Purchases:176434000
Net Cash from Investing Activities:-113914000
Net Change in Cash & Equivalents:-56152000

CNSL Balance Sheet

Cash and Cash Equivalents:18019000
Short-Term Investments:25005000
Accounts Receivable, Net:117479000
Total Current Assets:316086000
Property, Plant & Equipment, Net:null
Total Assets:3585717000
Accounts Payable:58761000
Current Portion of Long-Term Debt:null
Total Short-Term Liabilities:296501000
Long Term Debt, Non-Current Portion:null
Total Liabilities:2851404000

Major Holders (from 13F filings)

Investment Type
Value (x$1000)
increase or decrease
Searchlight Capital Partners, L.P.
39,338,753 sh
Blackrock Inc.
11,574,992 sh
-46,201 sh
Vanguard Group Inc
5,437,447 sh
-592,891 sh
Dimensional Fund Advisors LP
4,594,098 sh
137,110 sh
Private Management Group Inc
3,553,053 sh
-59,733 sh
Wildcat Capital Management, LLC
2,877,447 sh
411,644 sh
Renaissance Technologies LLC
1,659,203 sh
4,600 sh
Charles Schwab Investment Management Inc
1,465,847 sh
-78,458 sh
Geode Capital Management, LLC
1,347,789 sh
-97,101 sh
Northern Trust Corp
894,739 sh
-23,225 sh
Bank Of New York Mellon Corp
749,296 sh
-950 sh
Morgan Stanley
680,894 sh
-59,382 sh
American Financial Group Inc
592,877 sh
Principal Financial Group Inc
510,217 sh
-24,112 sh
Invesco Ltd.
436,704 sh
12,875 sh
North Star Investment Management Corp.
360,128 sh
-3,000 sh
Martin & Co Inc /Tn/
333,097 sh
17,023 sh
Assenagon Asset Management S.A.
314,631 sh
314,631 sh
Rhumbline Advisers
209,049 sh
-3,578 sh
M&g Investment Management Ltd
197,400 sh
1. BUSINESS DESCRIPTION & SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES ​ Business and Basis of Accounting ​ Consolidated Communications Holdings, Inc. (the “Company,” “we,” “our” or “us”) is a holding company with operating subsidiaries (collectively “Consolidated”) that provide communication solutions to consumer, commercial and carrier customers across a service area in over 20 states. Leveraging our advanced fiber network spanning approximately 52,400 fiber route miles, we offer residential high-speed Internet, video, phone and home security services as well as a comprehensive business product suite including: data and Internet solutions, voice, data center services, security services, managed and IT services, and an expanded suite of cloud services. ​ Use of Estimates ​ Preparation of the financial statements in conformity with accounting principles generally accepted in the United States and pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”) requires management to make estimates and assumptions that effect the reported amounts of assets and liabilities as of the date of the financial statements and the reported amounts of revenues and expenses during the reporting period.  Actual results may differ materially from those estimates.  Our critical accounting estimates include (i) impairment evaluations associated with indefinite-lived intangible assets (Note 1), (ii) the determination of deferred tax asset and liability balances (Notes 1 and 14) and (iii) pension plan and other post-retirement costs and obligations (Notes 1 and 13). ​ Principles of Consolidation ​ Our consolidated financial statements include the accounts of the Company and our wholly-owned subsidiaries and subsidiaries in which we have a controlling financial interest. All significant intercompany transactions have been eliminated. ​ Recent Business Developments ​ Searchlight Investment ​ On December 7, 2021, we closed on the final stage of the investment agreement (the “Investment Agreement”) entered into on September 13, 2020 with an affiliate of Searchlight Capital Partners, L.P. (“Searchlight”).  In connection with the Investment Agreement, affiliates of Searchlight have invested an aggregate of $425.0 million in the Company and hold a combination of Series A perpetual preferred stock and approximately 35% of the Company’s outstanding common stock. For a more complete discussion of the transaction, refer to Note 4. With the strategic investment from Searchlight, we intend to enhance our fiber infrastructure and accelerate the investment in our network, which will include the upgrade over five years of approximately 1.6 million passings across select service areas to enable multi-Gig capable services to these homes and small businesses. Our fiber build plan included the upgrade of approximately 330,000 homes and small businesses in 2021. ​ Refinancing of Long-term Debt ​ On October 2, 2020, the Company and certain of its wholly-owned subsidiaries completed a refinancing of our long-term debt through the issuance of $2,250.0 million in new secured debt and retired all of our existing then outstanding debt obligations. As described in Note 8, we entered into a new credit agreement and issued $750.0 million aggregate principal amount of 6.50% senior secured notes due 2028. On January 15, 2021, the Company issued an additional $150.0 million aggregate principal amount of incremental term loans under the credit agreement. On March 18, 2021, we issued $400.0 million aggregate principal amount 5.00% Senior Notes and used the net proceeds from the issuance of notes to repay $397.0 million of the term loans outstanding under the credit agreement. On April 5, 2021, we entered into an amendment to the credit agreement to refinance the outstanding term loans. For a more complete discussion of the refinancing, refer to Note 8. ​ COVID-19 ​ We are closely monitoring the ongoing impact on our business of the novel strain of coron

Data imported from Consolidated Communications Holdings Inc. SEC filings. Check original filings before making any investment decision.