Company profile

Employees
Incorporated in
Location
Fiscal year end
Former names
Gci Inc
SEC CIK

Calendar

7 May 20
2 Jul 20
31 Dec 20

News

Company financial data Financial data

Quarter (USD) Mar 20 Dec 19 Sep 19 Jun 19
Revenue 235.8M 232.39M 227.04M 217.57M
Net income -640.07M 826.75M 100.64M 508.15M
Net profit margin -271% 356% 44.33% 234%
Operating income 11.23M -164.59M -3.95M -15.46M
Net change in cash 8.76M -34.68M -3.66M -30.22M
Cash on hand 97.05M 88.29M 122.97M 126.63M
Cost of revenue
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue 894.73M 739.76M 23.82M 22.55M
Net income 2.19B -917.88M 724.56M 820.57M
Net profit margin 244% -124% 3042% 3639%
Operating income -215.46M -256.38M -55.6M -35.16M
Net change in cash -82.45M -402.47M 86.05M 460.64M
Cash on hand 88.29M 170.74M 573.21M 487.16M
Cost of revenue 280.2M 302.58M

Financial data from Gci earnings reports

Financial report summary

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Competition
AT&TAT&TDISH NetworkDish DBS
Risks
  • The Company will conduct its operations to maintain an exclusion from the definition of an "investment company" under the 40 Act (as defined below), but nevertheless, may become subject to the 40 Act.
  • The market value of GCI, LLC's interests in publicly-traded securities may be affected by market conditions beyond its control that could cause it to record losses for declines in such market value.
  • GCI faces competition that may reduce the Company's market share and harm its financial performance.
  • If GCI experiences low or negative rates of subscriber acquisition or high rates of turnover, the Company's financial performance will be impaired.
  • GCI may be unable to obtain or maintain the roaming services it needs from other carriers to remain competitive.
  • GCI’s business is subject to extensive governmental legislation and regulation. Changes to or interpretations of existing statutes, rules, regulations, or the adoption of new ones, could adversely affect GCI's business, financial position, results of operations or liquidity.
  • Failure to comply with USF program requirements may have an adverse effect on GCI’s business and the Company’s financial position.
  • Loss of GCI’s ETC status would disqualify it for USF support.
  • GCI may not meet its performance plan milestones under the Alaska High Cost Order.
  • GCI may lose USF high cost support if another carrier adds 4G LTE service in an area where it currently provides 4G LTE service.
  • Programming expenses for GCI’s video services are increasing, which could adversely affect the Company's business.
  • The decline in GCI’s voice services’ results of operations, which include long-distance and local access services, may accelerate.
  • Failure to stay abreast of new technology could affect GCI’s ability to compete in the industry.
  • GCI’s operations are geographically concentrated in Alaska and are impacted by the economic conditions in Alaska.
  • Natural or man-made disasters or terrorist attacks could have an adverse effect on GCI’s business.
  • Cyberattacks or other network disruptions could have an adverse effect on GCI’s business.
  • Increases in data usage on GCI’s wired and wireless networks may cause network capacity limitations, resulting in service disruptions, reduced capacity or slower transmission speeds for GCI’s customers.
  • Prolonged service interruptions or system failures could affect GCI’s business.
  • If failures occur in GCI’s undersea fiber optic cable systems or GCI’s TERRA facilities and its extensions, GCI’s ability to immediately restore the entirety of GCI’s service may be limited and the Company could incur significant costs.
  • If a failure occurs in GCI’s satellite communications systems, GCI’s ability to immediately restore the entirety of its service may be limited.
  • GCI depends on a limited number of third-party vendors to supply communications equipment. If GCI does not obtain the necessary communications equipment, GCI will not be able to meet the needs of its customers.
  • GCI does not have insurance to cover certain risks to which it is subject, which could lead to the occurrence of uninsured liabilities.
  • GCI uses a third-party vendor for its customer billing systems. Any errors, cyber-attacks or other operational disruption could have adverse operational, financial and reputational effects on the Company's business.
  • Concerns about health/safety risks associated with wireless equipment may reduce the demand for GCI’s wireless services.
  • The Company is a holding company with a substantial portion of its debt and other obligations held outside of its operating subsidiaries, and its ability to service that debt and such other obligations will require access to funds of its operating subsidiaries, which may be restricted.
  • The Company's significant debt and lease obligations could adversely affect its business.
  • The Company will require a significant amount of cash to service its debt and to meet other obligations. The Company's ability to generate cash depends on many factors beyond its control. If the Company is unable to meet its future capital needs it may be necessary for it to curtail, delay or abandon its business growth plans. If the Company incurs significant additional indebtedness to fund its plans, it could cause a decline in its credit rating and could increase its borrowing costs or limit its ability to raise additional capital.
  • The terms of the Company's debt obligations impose restrictions on it that may affect its ability to successfully operate its business and its ability to make payments on the debt obligations.
  • When the Company's Senior Credit Facility and Senior Notes mature, it may not be able to refinance or replace them.
  • Variable rate indebtedness subjects the Company to interest rate risk, which could cause its debt service obligations to increase significantly.
  • Any significant impairment of the Company's indefinite-lived intangible assets would lead to a reduction in its net operating performance and a decrease in its assets.
  • The Company's ability to use net operating loss carryforwards and disallowed business interest carryforwards to reduce future tax payments could be negatively impacted if there is an “ownership change” as defined under Section 382 of the Code.
  • The Company has identified a material weakness in GCI Holdings’ internal control over financial reporting, that, if not properly remediated, could adversely affect its business and results of operations.
  • The Company has not voluntarily implemented various corporate governance measures, in the absence of which you may have more limited protections against interested transactions, conflicts of interest and similar matters.
  • The interests of GCI Liberty may not coincide with your interests and GCI Liberty may make decisions with which you may disagree.
Management Discussion
  • General.  We provide information regarding our consolidated operating results and other income and expenses, as well as information regarding the contribution to those items from our reportable segments in the tables below. The "Corporate and other" category consists of those assets or businesses which do not qualify as a separate reportable segment. For a more detailed discussion and analysis of the financial results of our principal reportable segment see "Results of Operations-GCI Holdings" below.
  • Revenue. Our consolidated revenue increased $18.1 million for the three months ended March 31, 2020 as compared to the corresponding period in the prior year. The increase for the three month period is primarily due to an increase of $18.4 million at GCI Holdings. See “Results of Operations-GCI Holdings, LLC” below for a more complete discussion of the results of operations of GCI Holdings.
  • Operating Income (Loss). Our consolidated operating income increased $42.7 million for the three months ended March 31, 2020 as compared to the corresponding period in the prior year. The increase in the operating income for the three month period is primarily due to a $47.2 million increase in the operating income at GCI Holdings. See “Results of Operations-GCI Holdings, LLC” below for a more complete discussion of the results of operations of GCI Holdings.
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