Uniti Group Inc(NASDAQ:UNIT)
Uniti, an internally managed real estate investment trust, is engaged in the acquisition and construction of mission critical communications infrastructure, and is a leading provider of wireless infrastructure solutions for the communications industry. As of September 30, 2020, Uniti owns 6.7 millio...
Website: http://www.uniti.com
Founded: 2014
Full Time Employees: 899
Sector: Real Estate
Industry: REIT-Specialty
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At a glance:
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Quarterly
Annual
| Unit: USD | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-04-24 |
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revenues: | ||||||||||||||||||||||||||||||||||||||||||
revenue from rentals | ||||||||||||||||||||||||||||||||||||||||||
uniti leasing | 225,014,000 | 220,913,000 | 220,208,000 | 221,123,000 | 216,640,000 | 215,992,000 | 208,076,000 | 214,588,000 | 212,453,000 | |||||||||||||||||||||||||||||||||
uniti fiber | 13,041,000 | 16,110,000 | 17,656,000 | 12,762,000 | 12,663,000 | 12,163,000 | -160,423,000 | 76,067,000 | 71,245,000 | |||||||||||||||||||||||||||||||||
total revenue from rentals | 238,055,000 | 237,023,000 | 237,864,000 | 233,885,000 | 229,303,000 | 228,155,000 | ||||||||||||||||||||||||||||||||||||
service revenues | ||||||||||||||||||||||||||||||||||||||||||
total service revenues | 62,677,000 | 56,886,000 | 55,451,000 | 58,362,000 | 65,644,000 | 58,263,000 | ||||||||||||||||||||||||||||||||||||
total revenues | 300,732,000 | 293,909,000 | 293,315,000 | 292,247,000 | 294,947,000 | 286,418,000 | 285,656,000 | 290,655,000 | 283,698,000 | 289,822,000 | 283,735,000 | 283,103,000 | 283,975,000 | 278,034,000 | 293,009,000 | 266,747,000 | 268,180,000 | 272,586,000 | 275,294,000 | 258,765,000 | 266,820,000 | 266,162,000 | 268,537,000 | 263,629,000 | 264,414,000 | 261,031,000 | 270,754,000 | 252,636,000 | 247,329,000 | 246,915,000 | 246,336,000 | 245,210,000 | 213,013,000 | 211,473,000 | 206,920,000 | 200,240,000 | 188,573,000 | 174,675,000 | 173,634,000 | 128,748,000 | ||
yoy | 1.96% | 2.62% | 2.68% | 0.55% | 3.97% | -1.17% | 0.68% | 2.67% | -0.10% | 4.24% | -3.17% | 6.13% | 5.89% | 2.00% | 6.43% | 3.08% | 0.51% | 2.41% | 2.52% | -1.85% | 0.91% | 1.97% | -0.82% | 4.35% | 6.91% | 5.72% | 9.91% | 3.03% | 16.11% | 16.76% | 19.05% | 22.46% | 12.96% | 21.07% | 15.32% | 46.47% | ||||||
qoq | 2.32% | 0.20% | 0.37% | -0.92% | 2.98% | 0.27% | -1.72% | 2.45% | -2.11% | 2.15% | 0.22% | -0.31% | 2.14% | -5.11% | 9.85% | -0.53% | -1.62% | -0.98% | 6.39% | -3.02% | 0.25% | -0.88% | 1.86% | -0.30% | 1.30% | -3.59% | 7.17% | 2.15% | 0.17% | 0.24% | 0.46% | 15.12% | 0.73% | 2.20% | 3.34% | 6.19% | 7.96% | 34.86% | ||||
costs and expenses: | ||||||||||||||||||||||||||||||||||||||||||
interest expense | 160,784,000 | 137,987,000 | 129,671,000 | 131,007,000 | 127,475,000 | 123,211,000 | 123,106,000 | 120,691,000 | 119,689,000 | 148,863,000 | 86,552,000 | 97,731,000 | 96,377,000 | 96,172,000 | 104,534,000 | 94,793,000 | 106,388,000 | 140,581,000 | 108,701,000 | 102,791,000 | 107,243,000 | 178,393,000 | 103,270,000 | 104,655,000 | 97,729,000 | 84,458,000 | 82,193,000 | 80,406,000 | 79,385,000 | 77,607,000 | 78,759,000 | 78,784,000 | 75,086,000 | 73,365,000 | 70,787,000 | 70,522,000 | 68,036,000 | 66,049,000 | 66,511,000 | 48,797,000 | ||
depreciation and amortization | 79,663,000 | 79,683,000 | 79,948,000 | 79,325,000 | 78,052,000 | 77,485,000 | 79,149,000 | 77,337,000 | 77,267,000 | 76,775,000 | 75,512,000 | 73,516,000 | 72,303,000 | 71,457,000 | 79,777,000 | 70,530,000 | 69,671,000 | 70,964,000 | 78,433,000 | 79,880,000 | 84,969,000 | 86,121,000 | 98,183,000 | 101,166,000 | 102,578,000 | 103,827,000 | 109,439,000 | 112,748,000 | 114,842,000 | 114,721,000 | 116,801,000 | 113,444,000 | 102,599,000 | 101,361,000 | 100,522,000 | 96,723,000 | 92,385,000 | 86,340,000 | 87,271,000 | 64,444,000 | ||
general and administrative expense | 27,838,000 | 28,309,000 | 24,473,000 | 26,697,000 | 25,716,000 | 28,133,000 | 25,401,000 | 25,481,000 | 23,417,000 | 28,433,000 | 25,174,000 | 26,863,000 | 25,085,000 | 23,870,000 | 25,376,000 | 25,077,000 | 24,900,000 | 25,823,000 | 23,289,000 | 26,659,000 | 27,894,000 | 27,133,000 | 26,979,000 | 25,267,000 | 26,428,000 | 24,226,000 | 21,331,000 | 20,666,000 | 20,681,000 | 22,520,000 | 22,496,000 | 22,068,000 | 13,503,000 | 13,978,000 | 11,783,000 | 10,191,000 | 8,239,000 | 5,189,000 | 4,229,000 | 3,234,000 | ||
operating expense | 34,765,000 | 32,381,000 | 33,624,000 | 34,519,000 | 37,036,000 | 35,198,000 | 34,398,000 | 37,392,000 | 37,418,000 | 35,068,000 | 34,947,000 | 36,291,000 | 36,917,000 | 34,976,000 | 41,433,000 | 34,167,000 | 33,185,000 | 38,084,000 | 41,029,000 | 37,831,000 | 40,167,000 | 40,310,000 | 41,495,000 | 39,948,000 | 40,163,000 | 38,418,000 | 40,866,000 | 34,773,000 | 31,522,000 | 29,904,000 | 27,918,000 | 30,172,000 | 21,961,000 | 22,125,000 | 19,346,000 | 15,704,000 | 9,911,000 | 4,707,000 | ||||
transaction related and other costs | 13,462,000 | 7,847,000 | 7,666,000 | 14,404,000 | 10,977,000 | 5,687,000 | 2,806,000 | 1,441,000 | 5,576,000 | 2,788,000 | 3,016,000 | 2,375,000 | 3,235,000 | 1,714,000 | 1,920,000 | 1,063,000 | 424,000 | 4,137,000 | 8,531,000 | 20,816,000 | 18,556,000 | 15,972,000 | 14,825,000 | 15,179,000 | ||||||||||||||||||
gain on sale of real estate | 46,000 | -18,999,000 | -740,000 | -1,424,000 | -89,000 | -94,000 | -250,000 | -442,000 | 459,000 | -22,908,000 | -63,818,000 | -205,000 | -28,790,000 | |||||||||||||||||||||||||||||
other expense | 1,127,000 | -19,000 | -282,000 | -291,000 | 20,179,000 | 985,000 | 74,000 | -7,930,000 | -398,000 | 9,795,000 | 283,000 | 8,021,000 | 454,000 | 3,046,500 | 3,098,000 | 6,013,000 | 3,075,000 | 3,349,000 | ||||||||||||||||||||||||
total costs and expenses | 317,639,000 | 286,207,000 | 275,428,000 | 285,952,000 | 279,237,000 | 250,433,000 | 312,181,000 | 415,353,000 | 263,076,000 | 312,106,000 | 250,597,000 | 452,580,000 | 225,737,000 | 227,791,000 | 262,835,000 | 225,913,000 | 214,004,000 | 280,043,000 | 330,959,000 | 248,167,000 | 871,024,000 | 351,004,000 | 285,380,000 | 285,151,000 | 217,024,000 | 254,485,000 | 256,284,000 | 249,878,000 | 253,568,000 | 246,780,000 | 253,412,000 | 249,047,000 | 229,398,000 | 231,852,000 | 211,672,000 | 202,455,000 | 189,781,000 | 166,195,000 | 163,963,000 | 120,216,000 | ||
income before income taxes and equity in earnings from unconsolidated entities | -16,907,000 | 7,702,000 | 17,887,000 | 6,295,000 | 15,710,000 | 35,985,000 | -26,525,000 | -124,698,000 | 20,622,000 | -22,284,000 | 33,138,000 | -169,477,000 | 58,238,000 | 50,243,000 | 30,174,000 | 40,834,000 | 54,176,000 | -55,665,000 | 10,598,000 | |||||||||||||||||||||||
income tax benefit | -6,178,000 | -4,518,000 | -3,686,000 | -5,935,000 | -2,571,000 | -5,363,000 | -18,610,000 | -43,095,000 | -2,412,000 | -2,071,000 | 2,557,000 | 7,843,000 | 4,054,000 | -213,000 | -1,466,000 | -1,096,000 | ||||||||||||||||||||||||||
net income | -10,729,000 | 12,220,000 | 21,573,000 | 12,230,000 | 18,281,000 | 41,348,000 | -7,243,000 | -80,933,000 | 25,638,000 | -19,211,000 | 40,995,000 | -155,749,000 | 53,774,000 | 52,858,000 | 35,926,000 | 43,682,000 | 49,639,000 | -4,502,000 | -47,672,000 | 7,455,000 | -598,329,000 | -80,266,000 | -11,354,000 | -19,777,000 | 39,547,000 | 2,492,000 | 14,683,000 | 4,224,000 | -3,593,000 | 1,231,000 | 22,797,000 | 4,835,000 | -16,460,000 | -20,000,000 | -4,370,000 | -2,343,000 | -1,535,000 | 8,036,000 | 9,403,000 | 8,301,000 | ||
yoy | -158.69% | -70.45% | -397.85% | -115.11% | -28.70% | -315.23% | -117.67% | -48.04% | -52.32% | -136.34% | 14.11% | -456.55% | 8.33% | -1274.10% | -175.36% | 485.94% | -108.30% | -94.39% | 319.87% | -137.70% | -1612.96% | -3320.95% | -177.33% | -568.21% | -1200.67% | 102.44% | -35.59% | -12.64% | -78.17% | -106.16% | -621.67% | -306.36% | 972.31% | -348.88% | -124.92% | -118.49% | ||||||
qoq | -187.80% | -43.36% | 76.39% | -33.10% | -55.79% | -670.87% | -91.05% | -415.68% | -233.45% | -146.86% | -126.32% | -389.64% | 1.73% | 47.13% | -17.76% | -12.00% | -1202.60% | -90.56% | -739.46% | -101.25% | 645.43% | 606.94% | -42.59% | -150.01% | 1486.96% | -83.03% | 247.61% | -217.56% | -391.88% | -94.60% | 371.50% | -129.37% | -17.70% | 357.67% | 86.51% | 52.64% | -119.10% | 13.28% | ||||
net income margin % | -3.57% | 4.16% | 7.35% | 4.18% | 6.20% | 14.44% | -2.54% | -27.85% | 9.04% | -6.63% | 14.45% | -55.01% | 18.94% | 19.01% | 12.26% | 16.38% | 18.51% | -1.65% | -17.32% | 2.88% | -224.24% | -30.16% | -4.23% | -7.50% | 14.96% | 0.95% | 5.42% | 1.67% | -1.45% | 0.50% | 9.25% | 1.97% | -7.73% | -9.46% | -2.11% | -1.17% | -0.81% | 4.60% | NaN% | 5.42% | 6.45% | |
net income attributable to noncontrolling interests | 3,000 | 1,000 | 3,000 | 19,000 | -3,000 | -36,000 | 12,000 | -9,000 | 18,000 | -70,000 | 77,000 | 128,000 | 101,000 | 316,000 | 732,000 | -703,000 | 190,000 | -10,585,000 | -1,413,000 | -197,000 | -357,000 | 830,000 | 50,000 | 334,000 | 93,000 | 21,000 | 504,000 | 107,000 | ||||||||||||||
net income attributable to shareholders | -10,729,000 | 12,220,000 | 21,570,000 | 12,229,000 | 18,278,000 | 41,329,000 | -7,240,000 | -80,897,000 | 25,626,000 | -19,202,000 | 40,977,000 | -155,679,000 | 53,697,000 | 52,730,000 | 35,825,000 | 43,366,000 | 48,907,000 | -46,969,000 | 7,265,000 | -587,744,000 | -78,853,000 | -11,157,000 | -19,420,000 | 38,717,000 | 2,442,000 | 14,349,000 | 4,131,000 | 22,293,000 | 4,728,000 | |||||||||||||
participating securities' share in earnings | -335,000 | -587,000 | -334,000 | -723,000 | -436,000 | -317,000 | -321,000 | -322,000 | -247,000 | -238,000 | -226,000 | -340,000 | -331,000 | -213,000 | -283,000 | -333,000 | -248,000 | -225,000 | -229,000 | -424,000 | -200,000 | -248,000 | -50,000 | -223,000 | -28,000 | -602,000 | -655,000 | -658,000 | -679,000 | -353,000 | -388,000 | -381,000 | -387,000 | -393,000 | -407,000 | -402,000 | -355,000 | -430,000 | -325,000 | |||
dividends declared on convertible preferred stock | -5,000 | -5,000 | -5,000 | -5,000 | -5,000 | -5,000 | -5,000 | -5,000 | -5,000 | -5,000 | -5,000 | -5,000 | -5,000 | -5,000 | -2,000 | -3,000 | -2,000 | -3,000 | -3,000 | -2,000 | -1,000 | -3,000 | -656,000 | -656,000 | -656,000 | -656,000 | -656,000 | -656,000 | -656,000 | -656,000 | -656,000 | -656,000 | -649,000 | -438,000 | ||||||||
net income attributable to common shareholders | -10,734,000 | 11,880,000 | 20,978,000 | 11,890,000 | 17,550,000 | 40,888,000 | -7,562,000 | -81,223,000 | 25,299,000 | -19,454,000 | 40,734,000 | -155,910,000 | 53,352,000 | 52,394,000 | 35,610,000 | 43,080,000 | 48,572,000 | -47,197,000 | 7,034,000 | -588,169,000 | -79,056,000 | -11,405,000 | -19,470,000 | 38,246,000 | 1,013,000 | 12,346,000 | 2,075,000 | -870,000 | 20,539,000 | 2,939,000 | ||||||||||||
income per common share: | ||||||||||||||||||||||||||||||||||||||||||
basic | -40 | 50 | 75 | 50 | 70 | 170 | 110 | -80 | -52.5 | -660 | 230 | 220 | 92.5 | 180 | 210 | |||||||||||||||||||||||||||
diluted | -40 | 50 | 75 | 50 | 70 | 160 | 110 | -80 | -52.5 | -660 | 210 | 210 | 92.5 | 170 | 200 | |||||||||||||||||||||||||||
weighted-average number of common shares outstanding: | ||||||||||||||||||||||||||||||||||||||||||
basic | 238,567,000 | 238,062,000 | 237,306,000 | 237,480,000 | 237,347,000 | 236,901,000 | 236,401,000 | 236,533,000 | 236,429,000 | 236,090,000 | 235,567,000 | 235,739,000 | 235,656,000 | 235,046,000 | 232,888,000 | 233,513,000 | 231,801,000 | 231,469,000 | 203,600,000 | 198,054,000 | 192,479,000 | 192,236,000 | 187,358,000 | 191,940,000 | 182,971,000 | 182,219,000 | 175,396,000 | 175,011,000 | 174,892,000 | 168,693,000 | 174,818,000 | 169,655,000 | 155,184,000 | 152,473,000 | 153,878,000 | 150,913,000 | 149,918,000 | 149,835,000 | 149,834,000 | 149,827,000 | ||
diluted | 238,567,000 | 238,062,000 | 237,306,000 | 237,480,000 | 237,347,000 | 292,407,000 | 236,401,000 | 236,533,000 | 236,429,000 | 236,090,000 | 235,567,000 | 235,739,000 | 267,361,000 | 267,304,000 | 264,077,000 | 264,421,000 | 262,268,000 | 231,469,000 | 203,600,000 | 198,373,000 | 192,479,000 | 192,236,000 | 187,358,000 | 191,940,000 | 193,105,000 | 182,222,000 | 175,653,000 | 175,011,000 | 175,499,000 | 168,989,000 | 175,399,000 | 169,655,000 | 155,184,000 | 152,473,000 | 153,878,000 | 150,913,000 | 149,984,000 | 149,835,000 | 149,834,000 | 149,827,000 | ||
goodwill impairment | 50,998,000 | 153,000,000 | 24,500,000 | 216,000,000 | ||||||||||||||||||||||||||||||||||||||
equity in earnings from unconsolidated entities | -672,000 | -670,000 | -659,000 | -661,000 | -675,000 | -672,000 | -480,000 | -544,000 | 398,000 | 440,000 | -342,000 | |||||||||||||||||||||||||||||||
gain on sale of operations | -176,000 | -28,143,000 | ||||||||||||||||||||||||||||||||||||||||
other income | 5,330,750 | 1,435,000 | 628,000 | -859,000 | -28,119,000 | -3,113,000 | -2,930,000 | -1,038,000 | -3,885,000 | 1,646,000 | -3,933,000 | |||||||||||||||||||||||||||||||
loss per common share: | ||||||||||||||||||||||||||||||||||||||||||
basic | -80 | -340 | -20 | |||||||||||||||||||||||||||||||||||||||
diluted | -80 | -340 | -20 | |||||||||||||||||||||||||||||||||||||||
income tax expense | -4,357,000 | -7,182,000 | -13,056,000 | 4,944,000 | -5,199,000 | -2,244,000 | 5,084,000 | -1,912,500 | 2,801,000 | -5,875,000 | -4,576,000 | -2,646,000 | 75,000 | -382,000 | 128,000 | 327,000 | 444,000 | 268,000 | 231,000 | |||||||||||||||||||||||
leasing | 210,808,000 | 208,579,000 | 208,623,000 | 205,614,000 | 204,641,000 | 211,019,000 | 199,485,000 | 196,057,000 | 194,936,000 | 193,873,000 | 182,370,000 | 185,320,000 | 184,352,000 | 183,867,000 | 179,648,000 | 177,042,000 | 176,083,000 | 178,366,000 | 174,822,000 | 173,885,000 | 172,774,000 | 172,206,000 | 171,673,000 | 170,914,000 | 170,306,000 | 170,152,000 | 169,525,000 | 169,050,000 | ||||||||||||||
fiber infrastructure | 79,014,000 | 75,156,000 | 74,480,000 | 78,361,000 | 73,393,000 | 81,990,000 | 67,262,000 | 72,123,000 | 77,650,000 | 81,421,000 | 76,395,000 | 79,140,000 | 77,407,000 | 79,466,000 | 77,979,000 | 81,327,000 | 76,833,000 | 84,753,000 | 70,130,000 | 67,389,000 | 66,967,000 | 66,633,000 | 66,363,000 | 34,983,000 | 34,812,000 | 31,573,000 | 25,219,000 | 13,776,000 | ||||||||||||||
tower | 2,392,000 | 3,720,000 | 3,194,000 | 3,273,000 | 3,146,000 | 5,080,000 | 4,456,000 | 4,319,000 | 2,472,000 | 3,370,000 | 3,376,000 | 2,796,000 | 2,455,000 | 1,428,000 | ||||||||||||||||||||||||||||
consumer clec | -32,000 | 683,000 | 2,010,000 | 2,729,000 | 2,899,000 | 3,035,000 | 3,179,000 | 3,365,000 | 3,583,000 | 3,804,000 | 4,121,000 | 4,378,000 | 4,661,000 | 4,927,000 | 5,195,000 | 5,496,000 | 5,747,000 | 6,034,000 | 6,675,000 | 4,576,000 | ||||||||||||||||||||||
settlement expense | 650,000,000 | |||||||||||||||||||||||||||||||||||||||||
equity in (earnings) from unconsolidated entities | -387,250 | -604,000 | -547,000 | |||||||||||||||||||||||||||||||||||||||
loss before income taxes and equity in earnings from unconsolidated entities | -7,457,000 | |||||||||||||||||||||||||||||||||||||||||
net loss attributable to noncontrolling interests | -64,000 | -90,000 | ||||||||||||||||||||||||||||||||||||||||
net loss attributable to shareholders | -4,438,000 | |||||||||||||||||||||||||||||||||||||||||
net loss attributable to common shareholders | -4,689,000 | -5,562,000 | ||||||||||||||||||||||||||||||||||||||||
amortization of discount on convertible preferred stock | -248,000 | -745,000 | -745,000 | -745,000 | -745,000 | -745,000 | -745,000 | -745,000 | -745,000 | -745,000 | -744,000 | -745,000 | -496,000 | |||||||||||||||||||||||||||||
earnings per common share: | ||||||||||||||||||||||||||||||||||||||||||
basic | -70 | 40 | -3,060 | -410 | -70 | -100 | 210 | 10 | -5 | 10 | -30 | 120 | 20 | -110 | -140 | -30 | -20 | 50 | 60 | 50 | ||||||||||||||||||||||
diluted | -70 | 40 | -3,060 | -410 | -70 | -100 | 200 | 10 | -5 | 10 | -30 | -10 | 130 | -20 | -110 | -140 | -30 | -20 | 50 | 60 | 50 | |||||||||||||||||||||
income before income taxes | -604,204,000 | -84,842,000 | -16,843,000 | -21,522,000 | 47,390,000 | 6,546,000 | 14,470,000 | 2,758,000 | -6,239,000 | 135,000 | -7,076,000 | -3,837,000 | -16,385,000 | -20,379,000 | -4,752,000 | -2,215,000 | -1,208,000 | 8,480,000 | 9,671,000 | 8,532,000 | ||||||||||||||||||||||
income tax (benefit) expense | 2,538,000 | -1,745,000 | -29,873,000 | -8,672,000 | ||||||||||||||||||||||||||||||||||||||
transaction related costs | 7,035,000 | 6,669,000 | 5,385,000 | 2,323,000 | 3,789,000 | 5,913,000 | 5,792,000 | 8,512,000 | 14,017,000 | 9,684,000 | 9,234,000 | 9,315,000 | 11,210,000 | 3,910,000 | ||||||||||||||||||||||||||||
dividends declared per common share | 450 | 600 | 600 | 600 | 600 | 600 | 600 | 600 | 600 | 600 | 600 | 600 | 600 | 440 | ||||||||||||||||||||||||||||
net loss available to shareholders | -3,503,000 | |||||||||||||||||||||||||||||||||||||||||
net income available to shareholders | 1,210,000 | |||||||||||||||||||||||||||||||||||||||||
weighted-average number of common shares outstanding | ||||||||||||||||||||||||||||||||||||||||||
basic | 238,567,000 | 238,062,000 | 237,306,000 | 237,480,000 | 237,347,000 | 236,901,000 | 236,401,000 | 236,533,000 | 236,429,000 | 236,090,000 | 235,567,000 | 235,739,000 | 235,656,000 | 235,046,000 | 232,888,000 | 233,513,000 | 231,801,000 | 231,469,000 | 203,600,000 | 198,054,000 | 192,479,000 | 192,236,000 | 187,358,000 | 191,940,000 | 182,971,000 | 182,219,000 | 175,396,000 | 175,011,000 | 174,892,000 | 168,693,000 | 174,818,000 | 169,655,000 | 155,184,000 | 152,473,000 | 153,878,000 | 150,913,000 | 149,918,000 | 149,835,000 | 149,834,000 | 149,827,000 | ||
diluted | 238,567,000 | 238,062,000 | 237,306,000 | 237,480,000 | 237,347,000 | 292,407,000 | 236,401,000 | 236,533,000 | 236,429,000 | 236,090,000 | 235,567,000 | 235,739,000 | 267,361,000 | 267,304,000 | 264,077,000 | 264,421,000 | 262,268,000 | 231,469,000 | 203,600,000 | 198,373,000 | 192,479,000 | 192,236,000 | 187,358,000 | 191,940,000 | 193,105,000 | 182,222,000 | 175,653,000 | 175,011,000 | 175,499,000 | 168,989,000 | 175,399,000 | 169,655,000 | 155,184,000 | 152,473,000 | 153,878,000 | 150,913,000 | 149,984,000 | 149,835,000 | 149,834,000 | 149,827,000 | ||
other expenses | 2,232,000 | |||||||||||||||||||||||||||||||||||||||||
net income applicable to common shareholders | -18,242,000 | -21,788,000 | -6,163,000 | -4,144,000 | -2,871,000 | 7,681,000 | 8,973,000 | 7,976,000 | ||||||||||||||||||||||||||||||||||
other incomes | 11,339,000 | |||||||||||||||||||||||||||||||||||||||||
income (benefit) tax expense | -379,000 | |||||||||||||||||||||||||||||||||||||||||
rental revenues | 168,641,000 | 166,959,000 | 124,172,000 | |||||||||||||||||||||||||||||||||||||||
clec operating expense | 5,148,000 | 3,741,000 | ||||||||||||||||||||||||||||||||||||||||
acquisition and transaction related costs | 804,000 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets: | ||||||||||||||||||||||||||||||||||||||||||
property, plant and equipment | 4,366,790,000 | 4,282,359,000 | 4,209,747,000 | 4,156,542,000 | 4,092,799,000 | 4,042,485,000 | 3,982,069,000 | 3,962,436,000 | 3,895,206,000 | 3,855,189,000 | 3,754,547,000 | 3,693,581,000 | 3,615,532,000 | 3,546,501,000 | 3,508,939,000 | 3,472,642,000 | 3,400,755,000 | 3,329,239,000 | 3,273,353,000 | 3,287,300,000 | 3,098,191,000 | 3,254,600,000 | 3,409,945,000 | 3,371,151,000 | 3,201,436,000 | 3,174,744,000 | 3,209,006,000 | 3,155,206,000 | 3,095,805,000 | 3,049,714,000 | 3,053,889,000 | 3,037,469,000 | 2,689,500,000 | 2,672,349,000 | 2,670,037,000 | 2,694,141,000 | 2,569,402,000 | |||||
cash and cash equivalents | 240,727,000 | 91,956,000 | 155,593,000 | 34,077,000 | 118,763,000 | 43,058,000 | 62,264,000 | 34,119,000 | 38,145,000 | 70,346,000 | 43,803,000 | 43,394,000 | 61,405,000 | 51,129,000 | 58,903,000 | 69,751,000 | 108,536,000 | 122,466,000 | 77,534,000 | 195,570,000 | 88,269,000 | 109,329,000 | 142,813,000 | 197,317,000 | 299,394,000 | 104,684,000 | 38,026,000 | 118,493,000 | 76,500,000 | 56,901,000 | 59,765,000 | 49,923,000 | 934,096,000 | 68,726,000 | 171,754,000 | 40,762,000 | 48,813,000 | 165,340,000 | 142,498,000 | 209,998,000 | 154,615,000 | |
restricted cash and cash equivalents | 57,866,000 | 38,319,000 | 28,254,000 | 19,311,000 | 12,728,000 | 7,684,000 | ||||||||||||||||||||||||||||||||||||
accounts receivable | 40,677,000 | 43,761,000 | 51,418,000 | 51,604,000 | 56,654,000 | 48,584,000 | 46,358,000 | 46,824,000 | 43,021,000 | 53,594,000 | 42,631,000 | 41,317,000 | 45,679,000 | 41,269,000 | 38,455,000 | 39,014,000 | 42,986,000 | 51,485,000 | 62,952,000 | 61,320,000 | 72,353,000 | 74,763,000 | 77,623,000 | 86,939,000 | 77,303,000 | 76,462,000 | 104,063,000 | 58,661,000 | 66,637,000 | 37,601,000 | 43,652,000 | 32,715,000 | 12,737,000 | 17,236,000 | 15,281,000 | 15,846,000 | 8,458,000 | 832,000 | 2,083,000 | 1,651,000 | 3,507,000 | 1,678 |
goodwill | 157,380,000 | 157,380,000 | 157,380,000 | 157,380,000 | 157,380,000 | 157,380,000 | 157,380,000 | 208,378,000 | 361,378,000 | 361,378,000 | 361,378,000 | 385,878,000 | 601,878,000 | 601,878,000 | 601,878,000 | 601,878,000 | 601,878,000 | 601,878,000 | 601,878,000 | 690,672,000 | 690,672,000 | 690,672,000 | 690,672,000 | 690,672,000 | 692,833,000 | 692,886,000 | 692,385,000 | 681,175,000 | 681,175,000 | 677,132,000 | 673,729,000 | 672,368,000 | 262,086,000 | 262,086,000 | 262,334,000 | 263,459,000 | 146,590,000 | |||||
intangible assets | 260,563,000 | 267,988,000 | 275,414,000 | 282,839,000 | 290,264,000 | 297,689,000 | 305,115,000 | 312,541,000 | 319,967,000 | 327,402,000 | 334,846,000 | 342,291,000 | 349,737,000 | 357,183,000 | 364,630,000 | 372,076,000 | 379,524,000 | 387,013,000 | 390,725,000 | 405,833,000 | 346,052,000 | 523,718,000 | 531,979,000 | 536,654,000 | 371,407,000 | 377,475,000 | 432,821,000 | 411,449,000 | 416,430,000 | 425,694,000 | 429,357,000 | 438,019,000 | 211,155,000 | 214,061,000 | 160,584,000 | 162,941,000 | 47,920,000 | 11,190,000 | ||||
straight-line revenue receivable | 114,609,000 | 112,429,000 | 108,870,000 | 105,823,000 | 101,710,000 | 96,659,000 | 90,988,000 | 87,733,000 | 81,415,000 | 74,654,000 | 68,595,000 | 62,137,000 | 55,621,000 | 48,865,000 | 41,323,000 | 33,839,000 | 26,278,000 | 19,557,000 | 13,107,000 | 4,249,000 | 3,287,000 | 3,511,000 | 2,408,000 | 612,000 | 391,000 | 370,000 | 61,785,000 | 58,212,000 | 54,626,000 | 51,447,000 | 47,041,000 | 42,050,000 | 37,728,000 | 33,406,000 | 29,088,000 | 24,969,000 | ||||||
operating lease right-of-use assets | 127,938,000 | 126,410,000 | 126,791,000 | 126,791,000 | 128,837,000 | 131,810,000 | 125,105,000 | 121,816,000 | 124,060,000 | 85,551,000 | 88,545,000 | 86,212,000 | 82,162,000 | 81,810,000 | ||||||||||||||||||||||||||||
other assets | 40,396,000 | 38,861,000 | 40,556,000 | 39,996,000 | 40,699,000 | 42,471,000 | 118,117,000 | 79,000,000 | 84,695,000 | 78,364,000 | 77,597,000 | 83,762,000 | 84,976,000 | 81,556,000 | 119,171,000 | 122,901,000 | 115,730,000 | 108,208,000 | 152,883,000 | 126,419,000 | 126,944,000 | 145,636,000 | 161,560,000 | 147,880,000 | 130,901,000 | 120,748,000 | 23,808,000 | 23,218,000 | 23,819,000 | 22,963,000 | 15,856,000 | 19,666,000 | 13,859,000 | 12,813,000 | 9,674,000 | 15,416,000 | 10,070,000 | 3,312,000 | 3,079,000 | 3,054,000 | 2,983,000 | |
deferred income tax assets | 136,585,000 | 132,951,000 | 128,045,000 | 124,077,000 | 117,780,000 | 114,904,000 | 109,128,000 | 90,792,000 | 48,677,000 | 43,384,000 | 40,631,000 | 33,444,000 | 18,907,000 | 15,385,000 | 11,721,000 | 7,524,000 | 4,649,000 | 8,682,000 | ||||||||||||||||||||||||
total assets | 5,543,531,000 | 5,292,414,000 | 5,282,145,000 | 5,098,671,000 | 5,119,230,000 | 4,984,569,000 | 5,025,129,000 | 4,981,325,000 | 5,034,570,000 | 4,988,199,000 | 4,851,229,000 | 4,811,006,000 | 4,955,206,000 | 4,889,909,000 | 4,809,243,000 | 4,784,284,000 | 4,745,374,000 | 4,781,759,000 | 4,731,818,000 | 4,837,965,000 | 4,816,195,000 | 5,014,080,000 | 5,017,000,000 | 5,031,225,000 | 4,790,357,000 | 4,697,306,000 | 4,592,937,000 | 4,570,824,000 | 4,471,658,000 | 4,363,513,000 | 4,330,082,000 | 4,292,210,000 | 4,161,161,000 | 3,280,677,000 | 3,318,752,000 | 3,217,534,000 | 2,851,675,000 | 2,517,915,000 | 2,542,636,000 | 2,622,779,000 | 2,645,640,000 | 15,427 |
liabilities and shareholders' deficit: | ||||||||||||||||||||||||||||||||||||||||||
liabilities: | ||||||||||||||||||||||||||||||||||||||||||
accounts payable, accrued expenses and other liabilities | 88,302,000 | 79,678,000 | 89,688,000 | 95,844,000 | 87,105,000 | 90,039,000 | 119,340,000 | 133,958,000 | 135,378,000 | 125,832,000 | 122,195,000 | 137,019,000 | 131,073,000 | 122,157,000 | 144,223,000 | 156,428,000 | 136,577,000 | 145,568,000 | 146,144,000 | 161,330,000 | 168,288,000 | 171,149,000 | 227,121,000 | 208,477,000 | 206,350,000 | 195,704,000 | 94,179,000 | 81,556,000 | 83,815,000 | 80,419,000 | 77,634,000 | 80,725,000 | 68,222,000 | 56,023,000 | 40,977,000 | 37,925,000 | 20,206,000 | 8,596,000 | 10,409,000 | 97,411,000 | 33,047,000 | |
settlement payable | 24,215,000 | 48,142,000 | 71,785,000 | 95,147,000 | 118,232,000 | 141,043,000 | 163,583,000 | 185,855,000 | 207,863,000 | 229,610,000 | 251,098,000 | 248,117,000 | 245,171,000 | 242,261,000 | 239,384,000 | 358,329,000 | 378,718,000 | 398,887,000 | 418,840,000 | 438,577,000 | 650,000,000 | |||||||||||||||||||||
intangible liabilities | 140,356,000 | 143,030,000 | 145,703,000 | 148,377,000 | 151,050,000 | 153,724,000 | 156,397,000 | 159,071,000 | 161,745,000 | 164,418,000 | 167,092,000 | 169,765,000 | 172,439,000 | 175,112,000 | 177,786,000 | 180,459,000 | 183,133,000 | 185,807,000 | 187,886,000 | |||||||||||||||||||||||
accrued interest payable | 133,226,000 | 57,022,000 | 143,901,000 | 56,562,000 | 142,227,000 | 51,797,000 | 133,683,000 | 50,778,000 | 156,558,000 | 72,726,000 | 121,316,000 | 57,848,000 | 131,080,000 | 68,298,000 | 109,826,000 | 60,726,000 | 105,922,000 | 68,845,000 | 95,338,000 | 96,394,000 | 97,889,000 | 97,816,000 | 28,800,000 | 73,638,000 | 29,441,000 | 70,922,000 | 28,097,000 | 70,613,000 | 28,424,000 | 70,517,000 | 28,684,000 | 70,205,000 | 28,037,000 | 65,715,000 | 27,812,000 | 57,528,000 | 26,384,000 | 53,340,000 | 24,440,000 | |||
deferred revenue | 1,430,722,000 | 1,334,470,000 | 1,400,952,000 | 1,299,759,000 | 1,242,165,000 | 1,227,454,000 | 1,273,661,000 | 1,214,287,000 | 1,213,633,000 | 1,226,389,000 | 1,190,041,000 | 1,197,375,000 | 1,170,004,000 | 1,134,585,000 | 1,134,236,000 | 1,143,301,000 | 1,122,445,000 | 1,021,627,000 | 995,123,000 | 999,122,000 | 987,318,000 | 1,102,118,000 | 1,070,671,000 | 1,040,288,000 | 811,782,000 | 761,120,000 | 726,262,000 | 682,481,000 | 653,787,000 | 586,595,000 | 537,553,000 | 466,321,000 | 371,707,000 | 293,879,000 | 261,404,000 | 213,889,000 | 148,346,000 | 99,260,000 | 67,817,000 | |||
dividends payable | 2,000 | 277,000 | 665,000 | 2,000 | 1,134,000 | 37,048,000 | 36,162,000 | 69,000 | 69,000 | 35,855,000 | 2,000 | 658,000 | 745,000 | 37,145,000 | 1,264,000 | 964,000 | 36,326,000 | 36,894,000 | 36,725,000 | 36,253,000 | 29,634,000 | 29,648,000 | 43,282,000 | 9,830,000 | 9,394,000 | 9,800,000 | 113,744,000 | 112,277,000 | 110,312,000 | 109,365,000 | 109,557,000 | 109,188,000 | 106,709,000 | 94,810,000 | 94,607,000 | 94,470,000 | 93,208,000 | 90,621,000 | 90,507,000 | 90,404,000 | ||
operating lease liabilities | 82,601,000 | 80,399,000 | 80,504,000 | 78,785,000 | 79,812,000 | 81,778,000 | 84,404,000 | 81,302,000 | 82,151,000 | 64,045,000 | 66,356,000 | 64,681,000 | 60,829,000 | 59,679,000 | ||||||||||||||||||||||||||||
finance lease obligations | 23,344,000 | 16,446,000 | 17,190,000 | 17,869,000 | 18,110,000 | 18,473,000 | 18,110,000 | 18,388,000 | 15,881,000 | 16,186,000 | 15,520,000 | 15,569,000 | 15,214,000 | 15,144,000 | 15,348,000 | 15,538,000 | 14,497,000 | 14,856,000 | 15,468,000 | 49,412,000 | 50,436,000 | 51,487,000 | 52,994,000 | 55,225,000 | 55,444,000 | 54,276,000 | ||||||||||||||||
notes and other debt | 6,064,751,000 | 5,970,404,000 | 5,783,597,000 | 5,782,633,000 | 5,771,809,000 | 5,660,696,000 | 5,523,579,000 | 5,582,057,000 | 5,392,536,000 | 5,377,313,000 | 5,188,815,000 | 5,179,327,000 | 5,099,782,000 | 5,120,281,000 | 5,090,537,000 | 4,973,174,000 | 4,884,410,000 | 4,988,890,000 | 4,816,524,000 | 4,830,371,000 | 4,819,654,000 | 5,060,696,000 | 5,017,679,000 | 5,010,287,000 | 5,003,092,000 | 4,920,645,000 | 4,846,233,000 | 4,745,227,000 | 4,679,304,000 | 4,503,462,000 | 4,482,697,000 | 4,361,963,000 | 4,439,245,000 | 4,003,792,000 | 4,028,214,000 | 3,846,711,000 | 3,690,186,000 | 3,503,642,000 | 3,505,228,000 | 3,506,905,000 | 3,508,685,000 | |
total liabilities | 7,987,519,000 | 7,729,868,000 | 7,733,985,000 | 7,574,978,000 | 7,611,644,000 | 7,462,052,000 | 7,509,250,000 | 7,425,765,000 | 7,365,814,000 | 7,312,374,000 | 7,122,435,000 | 7,071,181,000 | 7,030,404,000 | 6,981,931,000 | 6,923,017,000 | 6,902,525,000 | 6,878,814,000 | 6,935,449,000 | 6,804,194,000 | 6,833,092,000 | 7,033,333,000 | 6,609,531,000 | 6,500,164,000 | 6,468,064,000 | 6,192,146,000 | 6,160,836,000 | 5,999,632,000 | 5,890,232,000 | 5,761,451,000 | 5,550,856,000 | 5,453,694,000 | 5,345,082,000 | 5,220,159,000 | 4,707,590,000 | 4,640,645,000 | 4,504,486,000 | 4,099,313,000 | 3,806,826,000 | 3,709,542,000 | 3,714,965,000 | 3,614,941,000 | 7,471 |
commitments and contingencies | ||||||||||||||||||||||||||||||||||||||||||
shareholders' deficit: | ||||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.0001 par value... | ||||||||||||||||||||||||||||||||||||||||||
common stock, 0.0001 par value... | 24,000 | 24,000 | 24,000 | 24,000 | 24,000 | 24,000 | 24,000 | 24,000 | 24,000 | 24,000 | 24,000 | 24,000 | 24,000 | 23,000 | 23,000 | 23,000 | 23,000 | 23,000 | 23,000 | 23,000 | 19,000 | 19,000 | 19,000 | 19,000 | 18,000 | 18,000 | 18,000 | 18,000 | 17,000 | 17,000 | 17,000 | 17,000 | 17,000 | 16,000 | 15,000 | 15,000 | 15,000 | 15,000 | 15,000 | 15,000 | 150,000 | |
additional paid-in capital | 1,241,569,000 | 1,237,987,000 | 1,236,045,000 | 1,232,228,000 | 1,228,527,000 | 1,223,983,000 | 1,221,824,000 | 1,218,815,000 | 1,215,260,000 | 1,212,137,000 | 1,210,033,000 | 1,227,905,000 | 1,224,427,000 | 1,220,039,000 | 1,214,830,000 | 1,208,611,000 | 1,153,707,000 | 1,150,550,000 | 1,209,141,000 | 1,205,631,000 | 957,656,000 | 954,223,000 | 951,295,000 | 948,382,000 | 855,425,000 | 790,347,000 | 757,517,000 | 711,271,000 | 645,627,000 | 645,403,000 | 644,328,000 | 642,981,000 | 641,810,000 | 141,503,000 | 141,092,000 | 140,466,000 | 81,881,000 | 3,407,000 | 1,392,000 | 601,000 | ||
accumulated other comprehensive loss | -167,000 | -515,000 | -634,000 | -820,000 | -167,000 | -688,000 | -3,516,000 | -6,341,000 | -9,164,000 | -11,984,000 | -14,792,000 | -17,580,000 | -20,367,000 | -23,155,000 | -25,937,000 | -28,717,000 | -5,678,000 | -7,500,000 | -6,369,000 | -68,938,000 | -66,967,000 | -45,789,000 | -5,427,000 | |||||||||||||||||||
distributions in excess of accumulated earnings | -3,685,664,000 | -3,675,200,000 | -3,687,808,000 | -3,708,705,000 | -3,722,066,000 | -3,703,597,000 | -3,708,240,000 | -3,665,569,000 | -3,548,870,000 | -3,538,683,000 | -3,483,634,000 | -3,489,718,000 | -3,298,455,000 | -3,316,781,000 | -3,333,481,000 | -3,333,686,000 | -3,341,371,000 | -3,355,423,000 | -3,330,455,000 | -3,248,089,000 | -3,219,623,000 | -2,602,777,000 | -2,494,740,000 | -2,442,378,000 | -2,413,326,000 | -2,442,564,000 | -2,373,218,000 | -2,278,124,000 | -2,174,216,000 | -2,063,640,000 | -1,960,715,000 | -1,876,599,000 | -1,775,366,000 | -1,652,800,000 | -1,537,183,000 | -1,438,302,000 | -1,341,630,000 | -1,246,544,000 | -1,162,886,000 | -1,078,809,000 | -998,002,000 | |
total uniti shareholders' deficit | -2,444,238,000 | -2,437,704,000 | -2,452,373,000 | -2,477,273,000 | -2,493,379,000 | -2,479,757,000 | -2,486,392,000 | -2,446,730,000 | -2,333,586,000 | -2,326,522,000 | -2,273,577,000 | -2,262,477,000 | -2,077,520,000 | -2,103,060,000 | -2,127,792,000 | -2,137,036,000 | -2,202,433,000 | -2,222,430,000 | -2,141,658,000 | -2,065,590,000 | -2,287,885,000 | -1,677,252,000 | -1,566,868,000 | -1,521,429,000 | -1,576,843,000 | -1,642,538,000 | -1,585,578,000 | -1,500,544,000 | -1,472,335,000 | -1,371,485,000 | -1,308,549,000 | -1,239,279,000 | ||||||||||
noncontrolling interests: | ||||||||||||||||||||||||||||||||||||||||||
operating partnership units | 283,000 | 716,000 | 715,000 | 2,024,000 | 2,021,000 | 2,040,000 | 2,092,000 | 2,097,000 | 2,121,000 | 2,052,000 | 2,072,000 | 10,788,000 | 13,893,000 | 18,670,000 | 68,868,000 | 68,615,000 | 69,157,000 | 70,338,000 | 70,622,000 | 81,676,000 | ||||||||||||||||||||||
cumulative non-voting convertible preferred stock, 0.01 par value... | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | ||||||||||||||||||||
total shareholders' deficit | -2,443,988,000 | -2,437,454,000 | -2,451,840,000 | -2,476,307,000 | -2,492,414,000 | -2,477,483,000 | -2,484,121,000 | -2,444,440,000 | -2,331,244,000 | -2,324,175,000 | -2,271,206,000 | -2,260,175,000 | -2,075,198,000 | -2,092,022,000 | -2,113,774,000 | -2,118,241,000 | -2,133,440,000 | -2,153,690,000 | -2,072,376,000 | -1,995,127,000 | -2,217,138,000 | -1,595,451,000 | -1,483,164,000 | -1,436,839,000 | -1,489,289,000 | -1,550,782,000 | -1,493,203,000 | -1,405,171,000 | -1,374,812,000 | -1,271,617,000 | -1,207,142,000 | -1,135,657,000 | -1,141,039,000 | -1,508,209,000 | -1,402,445,000 | -1,366,759,000 | -1,326,701,000 | -1,288,911,000 | -1,166,906,000 | -1,092,186,000 | -969,301,000 | |
total liabilities and shareholders' deficit | 5,543,531,000 | 5,292,414,000 | 5,282,145,000 | 5,098,671,000 | 5,119,230,000 | 4,984,569,000 | 5,025,129,000 | 4,981,325,000 | 5,034,570,000 | 4,988,199,000 | 4,851,229,000 | 4,811,006,000 | 4,955,206,000 | 4,889,909,000 | 4,809,243,000 | 4,784,284,000 | 4,745,374,000 | 4,781,759,000 | 4,731,818,000 | 4,837,965,000 | 4,816,195,000 | 5,014,080,000 | 2,517,915,000 | 2,542,636,000 | 2,622,779,000 | 2,645,640,000 | ||||||||||||||||
assets held for sale | 28,605,000 | 87,750,000 | 93,343,000 | 364,423,000 | 211,851,000 | 16,692,000 | 140,580,000 | |||||||||||||||||||||||||||||||||||
derivative asset | 77,000 | 231,000 | 1,616,000 | 1,845,000 | 9,357,000 | 31,043,000 | 64,410,000 | 56,666,000 | 42,061,000 | 6,793,000 | 28,551,000 | |||||||||||||||||||||||||||||||
liabilities held for sale | 331,000 | 54,167,000 | 55,752,000 | 177,866,000 | 40,743,000 | 4,332,000 | 56,082,000 | |||||||||||||||||||||||||||||||||||
accumulated other comprehensive income | 136,000 | -23,442,000 | -27,452,000 | -18,960,000 | 9,661,000 | 30,105,000 | 66,291,000 | 56,237,000 | 46,735,000 | 7,821,000 | 3,072,000 | -13,993,000 | 28,551,000 | |||||||||||||||||||||||||||||
investments in unconsolidated entities | 38,656,000 | 64,223,000 | 66,043,000 | 66,602,000 | ||||||||||||||||||||||||||||||||||||||
investment in unconsolidated entities | 37,686,000 | 38,006,000 | 38,337,000 | 38,990,000 | 39,309,000 | 64,333,000 | 64,659,000 | 65,038,000 | 65,481,000 | |||||||||||||||||||||||||||||||||
derivative liability | 822,000 | 4,067,000 | 7,269,000 | 10,413,000 | 13,606,000 | 16,786,000 | 19,908,000 | 22,897,000 | 25,829,000 | 28,464,000 | 30,446,000 | 23,679,000 | 27,761,000 | 19,117,000 | 10,442,000 | 12,231,000 | 1,536,000 | 6,102,000 | 68,758,000 | 66,888,000 | 45,869,000 | 5,427,000 | 13,993,000 | |||||||||||||||||||
deferred income tax liabilities | ||||||||||||||||||||||||||||||||||||||||||
contingent consideration | 2,957,000 | 3,880,000 | 10,562,000 | 5,916,000 | 11,507,000 | 11,440,000 | 18,522,000 | 60,797,000 | 83,401,000 | 86,435,000 | 92,612,000 | 89,236,000 | 105,762,000 | 104,117,000 | 92,833,000 | 90,719,000 | 98,600,000 | 98,600,000 | ||||||||||||||||||||||||
deferred income taxes | 10,540,000 | 15,924,000 | 13,222,000 | 19,512,000 | 24,431,000 | 31,118,000 | 34,672,000 | 31,490,000 | 52,434,000 | 54,539,000 | 55,819,000 | 55,611,000 | 55,478,000 | 85,145,000 | 46,405,000 | 47,048,000 | 28,394,000 | 31,390,000 | 5,115,000 | 5,498,000 | 5,714,000 | 6,252,000 | 6,633,000 | |||||||||||||||||||
intangible liability | 176,000,000 | |||||||||||||||||||||||||||||||||||||||||
investment in unconsolidated entity | 26,004,000 | |||||||||||||||||||||||||||||||||||||||||
liabilities, convertible preferred stock and shareholders' deficit: | ||||||||||||||||||||||||||||||||||||||||||
convertible preferred stock, series a, 0.0001 par value... | 87,500,000 | 87,252,000 | 86,508,000 | 85,763,000 | 85,019,000 | 84,274,000 | 83,530,000 | 82,785,000 | 82,041,000 | 81,296,000 | 80,552,000 | 79,807,000 | 79,063,000 | |||||||||||||||||||||||||||||
noncontrolling interests - operating partnership units | 83,704,000 | 84,590,000 | 87,554,000 | 91,756,000 | 92,375,000 | 95,373,000 | 97,523,000 | 99,868,000 | 101,407,000 | 103,622,000 | ||||||||||||||||||||||||||||||||
total liabilities, convertible preferred stock, and shareholders' deficit | 5,017,000,000 | 5,031,225,000 | 4,790,357,000 | 4,697,306,000 | 4,592,937,000 | 4,570,824,000 | 4,471,658,000 | 4,363,513,000 | 4,330,082,000 | 4,292,210,000 | 4,161,161,000 | 3,280,677,000 | 3,318,752,000 | 3,217,534,000 | 2,851,675,000 | |||||||||||||||||||||||||||
revenues: | ||||||||||||||||||||||||||||||||||||||||||
leasing | 176,083,000 | 174,822,000 | 172,774,000 | 685,099,000 | 171,673,000 | |||||||||||||||||||||||||||||||||||||
fiber infrastructure | 76,833,000 | 70,130,000 | 66,967,000 | 202,791,000 | 66,363,000 | |||||||||||||||||||||||||||||||||||||
tower | 5,080,000 | 4,319,000 | 3,370,000 | 10,055,000 | 2,796,000 | |||||||||||||||||||||||||||||||||||||
consumer clec | 3,035,000 | 3,365,000 | 3,804,000 | 18,087,000 | 4,378,000 | 6,034,000 | 17,700,000 | 6,675,000 | 4,576,000 | |||||||||||||||||||||||||||||||||
total revenues | 261,031,000 | 252,636,000 | 246,915,000 | 916,032,000 | 245,210,000 | 174,675,000 | 476,314,000 | 173,634,000 | 128,748,000 | |||||||||||||||||||||||||||||||||
costs and expenses: | ||||||||||||||||||||||||||||||||||||||||||
interest expense | 84,458,000 | 80,406,000 | 77,607,000 | 305,994,000 | 78,784,000 | 66,049,000 | 181,797,000 | 66,511,000 | 48,797,000 | |||||||||||||||||||||||||||||||||
depreciation and amortization | 103,827,000 | 112,748,000 | 114,721,000 | 434,205,000 | 113,444,000 | 86,340,000 | 238,748,000 | 87,271,000 | 64,444,000 | |||||||||||||||||||||||||||||||||
general and administrative expense | 24,226,000 | 20,666,000 | 22,520,000 | 72,045,000 | 22,068,000 | 5,189,000 | 11,208,000 | 4,229,000 | 3,234,000 | |||||||||||||||||||||||||||||||||
operating expense | 38,418,000 | 34,773,000 | 29,904,000 | 102,176,000 | 30,172,000 | 4,707,000 | ||||||||||||||||||||||||||||||||||||
transaction related costs | 6,669,000 | 2,323,000 | 5,913,000 | 38,005,000 | 8,512,000 | 3,910,000 | ||||||||||||||||||||||||||||||||||||
other income | -3,113,000 | -1,038,000 | -3,885,000 | 11,284,000 | -3,933,000 | |||||||||||||||||||||||||||||||||||||
total costs and expenses | 254,485,000 | 249,878,000 | 246,780,000 | 963,709,000 | 249,047,000 | 166,195,000 | 450,706,000 | 163,963,000 | 120,216,000 | |||||||||||||||||||||||||||||||||
income before income taxes | 6,546,000 | 2,758,000 | 135,000 | -47,677,000 | -3,837,000 | 8,480,000 | 25,608,000 | 9,671,000 | 8,532,000 | |||||||||||||||||||||||||||||||||
income tax benefit | 4,054,000 | -1,466,000 | -1,096,000 | |||||||||||||||||||||||||||||||||||||||
net income | 2,492,000 | 4,224,000 | 1,231,000 | -8,828,000 | 4,835,000 | 8,036,000 | 24,870,000 | 9,403,000 | 8,301,000 | |||||||||||||||||||||||||||||||||
net income attributable to noncontrolling interests | 50,000 | 93,000 | 21,000 | 611,000 | 107,000 | |||||||||||||||||||||||||||||||||||||
net income attributable to shareholders | 2,442,000 | 4,131,000 | -9,439,000 | 4,728,000 | ||||||||||||||||||||||||||||||||||||||
participating securities' share in earnings | -28,000 | -655,000 | -679,000 | -1,509,000 | -388,000 | -355,000 | -1,152,000 | -430,000 | -325,000 | |||||||||||||||||||||||||||||||||
dividends declared on convertible preferred stock | -656,000 | -656,000 | -656,000 | -2,624,000 | -656,000 | |||||||||||||||||||||||||||||||||||||
amortization of discount on convertible preferred stock | -745,000 | -745,000 | -745,000 | -2,980,000 | -745,000 | |||||||||||||||||||||||||||||||||||||
net income attributable to common shareholders | 1,013,000 | 2,075,000 | -870,000 | -16,552,000 | 2,939,000 | |||||||||||||||||||||||||||||||||||||
earnings per common share: | ||||||||||||||||||||||||||||||||||||||||||
basic | 10 | 10 | 174,892,000 | -100 | 20 | 50 | 160 | 60 | 50 | |||||||||||||||||||||||||||||||||
diluted | 10 | 10 | -10 | -130 | -20 | 50 | 160 | 60 | 50 | |||||||||||||||||||||||||||||||||
weighted-average number of common shares outstanding: | ||||||||||||||||||||||||||||||||||||||||||
capital lease obligations | 55,282,000 | 57,104,000 | 57,378,000 | 55,651,000 | 56,329,000 | 56,976,000 | 54,770,000 | 54,068,000 | 54,535,000 | 55,215,000 | 48,980,000 | |||||||||||||||||||||||||||||||
dividends declared per common share | 600 | 600 | 2,400 | 600 | 600 | 1,640 | 600 | 440 | ||||||||||||||||||||||||||||||||||
net income available to shareholders | 1,210,000 | |||||||||||||||||||||||||||||||||||||||||
income tax (benefit) expense | -38,849,000 | -8,672,000 | ||||||||||||||||||||||||||||||||||||||||
earnings per common share | ||||||||||||||||||||||||||||||||||||||||||
weighted-average number of common shares outstanding | ||||||||||||||||||||||||||||||||||||||||||
straight-line rent receivable | 20,422,000 | 16,117,000 | 11,795,000 | 7,497,000 | 3,200,000 | |||||||||||||||||||||||||||||||||||||
real estate investments | 6,127,422,000 | 6,093,541,000 | 6,026,679,000 | 5,997,438,000 | ||||||||||||||||||||||||||||||||||||||
accumulated depreciation - real estate investments | -3,806,298,000 | -3,720,890,000 | -3,637,594,000 | |||||||||||||||||||||||||||||||||||||||
net real estate investments | 2,321,124,000 | 2,372,651,000 | 2,389,085,000 | 2,440,326,000 | ||||||||||||||||||||||||||||||||||||||
rental revenues | 168,641,000 | 458,614,000 | 166,959,000 | 124,172,000 | ||||||||||||||||||||||||||||||||||||||
income tax expense | 444,000 | 738,000 | 268,000 | 231,000 | ||||||||||||||||||||||||||||||||||||||
net income applicable to common shareholders | 7,681,000 | 23,718,000 | 8,973,000 | 7,976,000 | ||||||||||||||||||||||||||||||||||||||
customer list intangible assets | 10,530,000 | 11,494,000 | 12,458,000 | 13,438 | ||||||||||||||||||||||||||||||||||||||
clec operating expense | 13,743,000 | 5,148,000 | 3,741,000 | |||||||||||||||||||||||||||||||||||||||
acquisition and transaction related costs | 5,210,000 | 804,000 | ||||||||||||||||||||||||||||||||||||||||
accumulated depreciation real estate investments | -3,557,112,000 | |||||||||||||||||||||||||||||||||||||||||
dividend payable | 66,576,000 | |||||||||||||||||||||||||||||||||||||||||
equity: | ||||||||||||||||||||||||||||||||||||||||||
common stock, 0.01 par value... | ||||||||||||||||||||||||||||||||||||||||||
total equity | ||||||||||||||||||||||||||||||||||||||||||
other | 311 | |||||||||||||||||||||||||||||||||||||||||
advance payments and customer deposits | 1,085 | |||||||||||||||||||||||||||||||||||||||||
accrued payroll and commissions | 20 | |||||||||||||||||||||||||||||||||||||||||
accrued interconnection costs | 1,291 | |||||||||||||||||||||||||||||||||||||||||
deferred taxes | 5,075 | |||||||||||||||||||||||||||||||||||||||||
net assets contributed | 7,956 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flow from operating activities | ||||||||||||||||||||||||||||||||||||||
net income | -10,729,000 | 12,220,000 | 21,573,000 | 12,230,000 | 18,281,000 | 41,348,000 | 25,638,000 | -19,211,000 | 40,995,000 | -155,749,000 | 53,774,000 | 52,858,000 | 35,926,000 | 43,682,000 | -47,672,000 | 7,455,000 | -598,329,000 | -80,266,000 | -11,354,000 | -19,777,000 | 39,547,000 | 2,492,000 | 14,683,000 | 1,231,000 | 22,797,000 | 4,835,000 | -16,460,000 | -20,000,000 | -4,370,000 | -2,343,000 | -1,535,000 | 8,036,000 | ||||||
adjustments to reconcile net income to net cash from operating activities: | ||||||||||||||||||||||||||||||||||||||
depreciation and amortization | 79,663,000 | 79,683,000 | 79,948,000 | 79,325,000 | 78,052,000 | 77,485,000 | 79,149,000 | 77,337,000 | 77,267,000 | 76,775,000 | 75,512,000 | 73,516,000 | 72,303,000 | 71,457,000 | 79,777,000 | 70,530,000 | 69,671,000 | 70,964,000 | 78,433,000 | 79,880,000 | 84,969,000 | 86,121,000 | 98,183,000 | 101,166,000 | 102,578,000 | 103,827,000 | 109,439,000 | 112,748,000 | 114,842,000 | 114,721,000 | 116,801,000 | 113,444,000 | 102,599,000 | 101,361,000 | 100,522,000 | 96,723,000 | 92,385,000 | 86,340,000 |
amortization of deferred financing costs and debt discount | 5,276,000 | 5,522,000 | 5,964,000 | 5,824,000 | 5,915,000 | 5,035,000 | 4,523,000 | 4,521,000 | 4,491,000 | 4,963,000 | 4,637,000 | 4,495,000 | 4,501,000 | 4,514,000 | 4,399,000 | 4,352,000 | 4,412,000 | 4,959,000 | 9,252,000 | 9,037,000 | 8,958,000 | 9,708,000 | 12,734,000 | 12,386,000 | 10,786,000 | 6,873,000 | 6,274,000 | 6,193,000 | 6,113,000 | 6,034,000 | ||||||||
loss on extinguishment of debt | 31,943,000 | 8,515,000 | 0 | 0 | 31,187,000 | |||||||||||||||||||||||||||||||||
interest rate cap amortization | 349,000 | 196,000 | 340,000 | 429,000 | 532,000 | 188,000 | ||||||||||||||||||||||||||||||||
deferred income taxes | -3,633,000 | -4,906,000 | -3,968,000 | -6,297,000 | -2,876,000 | -5,776,000 | -18,336,000 | -42,115,000 | -5,292,000 | -2,754,000 | -7,186,000 | -14,538,000 | -3,521,000 | -3,664,000 | -4,197,000 | -2,875,000 | 4,033,000 | -3,428,000 | -5,385,000 | 2,703,000 | -6,290,000 | -4,919,000 | -5,291,000 | -3,425,000 | -649,000 | -2,063,000 | -1,304,000 | -1,824,000 | -2,755,000 | -1,502,000 | -28,890,000 | -10,674,000 | -605,000 | -1,002,000 | -3,022,000 | 1,435,000 | -383,000 | -216,000 |
cash paid for interest rate cap | 0 | 0 | 0 | -2,200,000 | ||||||||||||||||||||||||||||||||||
straight-line revenues and amortization of below-market lease intangibles | -4,802,000 | -6,859,000 | -7,320,000 | -8,216,000 | -8,822,000 | -9,579,000 | -9,789,000 | -9,427,000 | -9,918,000 | -10,126,000 | -11,022,000 | |||||||||||||||||||||||||||
stock-based compensation | 3,584,000 | 3,761,000 | 3,388,000 | 3,375,000 | 3,397,000 | 3,348,000 | 3,083,000 | 3,148,000 | 3,130,000 | 3,130,000 | 3,087,000 | 3,151,000 | 3,201,000 | 3,312,000 | 2,884,000 | 4,166,000 | 3,462,000 | 3,335,000 | 3,275,000 | 3,341,000 | 4,110,000 | 2,995,000 | 2,878,000 | 2,845,000 | 3,197,000 | 1,888,000 | 2,006,000 | 1,963,000 | 1,885,000 | 2,210,000 | 2,092,000 | 1,968,000 | 2,021,000 | 1,632,000 | 1,368,000 | 1,331,000 | 1,217,000 | 930,000 |
loss on asset disposals | -95,000 | -313,000 | -1,164,000 | -2,000 | 66,000 | 228,000 | -331,000 | -70,000 | 250,000 | -422,000 | -4,000 | 316,000 | -77,000 | 663,000 | 19,000 | -14,000 | ||||||||||||||||||||||
gain on sale of real estate | 46,000 | 0 | 0 | -18,999,000 | -740,000 | -89,000 | -94,000 | 0 | 0 | 459,000 | -22,908,000 | 0 | -205,000 | |||||||||||||||||||||||||
accretion of settlement obligation | 579,000 | 862,000 | 1,421,000 | 1,695,000 | 1,965,000 | 2,497,000 | 2,759,000 | 3,017,000 | 2,946,000 | 2,911,000 | 2,876,000 | 4,117,000 | 4,336,000 | 4,553,000 | ||||||||||||||||||||||||
other | 1,093,000 | 573,000 | 2,699,000 | 116,000 | -68,000 | 20,000 | 699,000 | 54,000 | 504,000 | -312,000 | -318,000 | 27,000 | -46,000 | -38,000 | 181,000 | 3,000 | -105,000 | -98,000 | -97,000 | -591,000 | -2,096,000 | 1,615,000 | 637,000 | 5,097,000 | 1,124,000 | 676,000 | 921,000 | 62,000 | 220,000 | 466,000 | 124,000 | 914,000 | 28,000 | 3,000 | -9,000 | |||
changes in assets and liabilities: | ||||||||||||||||||||||||||||||||||||||
accounts receivable | 3,084,000 | 7,657,000 | 187,000 | 5,049,000 | -8,070,000 | -2,226,000 | 467,000 | -3,803,000 | 10,572,000 | -10,963,000 | -1,313,000 | 4,361,000 | -4,410,000 | -2,814,000 | 559,000 | 3,973,000 | 8,499,000 | 11,466,000 | -5,065,000 | 11,436,000 | 3,017,000 | 3,246,000 | 9,707,000 | -9,284,000 | -434,000 | 25,603,000 | -37,944,000 | 8,123,000 | -29,380,000 | 6,409,000 | -11,056,000 | -3,936,000 | 3,454,000 | 1,014,000 | 919,000 | -4,920,000 | -822,000 | 1,307,000 |
other assets | 2,823,000 | 6,182,000 | 3,858,000 | 4,839,000 | 6,125,000 | 1,139,000 | 5,265,000 | 9,563,000 | -5,586,000 | 6,553,000 | 7,392,000 | 7,197,000 | 402,000 | 157,000 | 14,311,000 | -39,169,000 | -8,611,000 | 47,630,000 | -28,472,000 | 12,616,000 | -202,000 | -8,083,000 | 5,737,000 | 17,409,000 | -11,875,000 | -974,000 | 6,654,000 | 611,000 | -889,000 | -4,621,000 | 2,747,000 | -1,636,000 | -1,045,000 | -1,626,000 | 3,586,000 | -2,847,000 | -1,852,000 | -252,000 |
accounts payable, accrued expenses and other liabilities | 65,793,000 | -104,526,000 | 77,827,000 | -92,247,000 | 73,315,000 | -86,543,000 | 54,249,000 | -121,720,000 | 81,499,000 | -68,605,000 | 44,787,000 | -81,414,000 | 60,778,000 | -54,920,000 | 26,436,000 | -45,628,000 | 87,101,000 | -40,110,000 | -5,685,000 | -8,004,000 | 6,848,000 | 44,691,000 | -59,811,000 | 33,498,000 | -31,545,000 | 54,598,000 | -24,872,000 | 39,531,000 | -13,360,000 | 39,919,000 | -40,424,000 | 38,563,000 | -26,441,000 | 34,153,000 | -24,759,000 | 27,883,000 | -26,441,000 | 26,123,000 |
net cash from operating activities | 174,928,000 | 8,567,000 | 185,615,000 | 6,742,000 | 168,148,000 | 6,190,000 | 162,554,000 | -9,256,000 | 185,269,000 | 14,562,000 | 175,008,000 | 50,499,000 | 171,387,000 | 63,221,000 | 145,804,000 | 34,876,000 | 191,813,000 | 126,664,000 | 44,418,000 | -113,466,000 | 94,009,000 | 132,272,000 | 55,186,000 | 311,432,000 | 61,462,000 | 188,902,000 | 72,883,000 | 168,962,000 | 74,107,000 | 156,866,000 | 67,506,000 | 141,352,000 | 68,200,000 | 128,202,000 | 75,437,000 | 116,740,000 | 62,110,000 | 121,701,000 |
cash flow from investing activities | ||||||||||||||||||||||||||||||||||||||
capital expenditures | -38,138,000 | -208,060,000 | -27,072,000 | -65,004,000 | -94,819,000 | -167,939,000 | -48,738,000 | -120,995,000 | -132,288,000 | -114,981,000 | -134,901,000 | -108,627,000 | 0 | 0 | 0 | 0 | 0 | -84,377,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -14,931,000 | 0 | -9,752,000 | -9,375,000 | -77,000 |
free cash flows | 136,790,000 | -199,493,000 | 158,543,000 | -58,262,000 | 73,329,000 | -161,749,000 | 113,816,000 | -130,251,000 | 52,981,000 | -100,419,000 | 40,107,000 | -58,128,000 | 171,387,000 | 63,221,000 | 145,804,000 | 34,876,000 | 191,813,000 | 42,287,000 | 44,418,000 | -113,466,000 | 94,009,000 | 132,272,000 | 55,186,000 | 311,432,000 | 61,462,000 | 188,902,000 | 72,883,000 | 168,962,000 | 74,107,000 | 156,866,000 | 67,506,000 | 141,352,000 | 68,200,000 | 113,271,000 | 75,437,000 | 106,988,000 | 52,735,000 | 121,624,000 |
proceeds from sale of other equipment | 205,000 | 406,000 | 93,000 | 94,000 | 341,000 | 1,565,000 | 412,000 | 562,000 | 607,000 | 1,477,000 | -93,000 | 52,000 | 379,000 | 344,000 | 744,000 | |||||||||||||||||||||||
proceeds from sale of real estate | 0 | 28,000 | 40,011,000 | |||||||||||||||||||||||||||||||||||
proceeds from sale of unconsolidated entity | 0 | 0 | 0 | 40,000,000 | 0 | 0 | ||||||||||||||||||||||||||||||||
net cash from investing activities | -37,933,000 | -207,654,000 | -25,001,000 | -64,911,000 | -94,697,000 | -87,587,000 | -119,053,000 | -131,726,000 | -114,374,000 | -133,334,000 | -107,929,000 | -56,407,000 | -94,349,000 | -109,501,000 | -97,332,000 | -30,011,000 | -84,377,000 | -103,340,000 | 13,620,000 | 166,207,000 | -75,093,000 | -93,547,000 | -394,070,000 | 26,504,000 | -83,668,000 | -180,136,000 | -135,786,000 | -112,516,000 | -52,105,000 | -62,216,000 | -833,927,000 | -36,769,000 | -86,496,000 | -26,489,000 | -183,157,000 | -324,272,000 | -1,313,000 | |
cash flow from financing activities | ||||||||||||||||||||||||||||||||||||||
repayment of debt | -500,000,000 | -400,000,000 | 0 | 0 | 0 | 0 | 0 | -2,263,662,000 | -600,000,000 | 0 | -608,819,000 | -1,051,181,000 | ||||||||||||||||||||||||||
proceeds from issuance of notes | 11,000,000 | 589,000,000 | 0 | 0 | 0 | 0 | 0 | 2,600,000,000 | 700,000,000 | 0 | 570,000,000 | 1,110,000,000 | 0 | 0 | 0 | 2,250,000,000 | 0 | 0 | 0 | 0 | 400,000,000 | 0 | ||||||||||||||||
dividends paid | -10,000 | 0 | -72,645,000 | -35,800,000 | -10,000 | -35,801,000 | -71,585,000 | -9,000 | -35,588,000 | -35,591,000 | -71,666,000 | -105,000 | -35,430,000 | -35,555,000 | -35,425,000 | -34,961,000 | -34,917,000 | -29,114,000 | -29,126,000 | -42,519,000 | -9,656,000 | -8,914,000 | -9,813,000 | -110,348,000 | -107,978,000 | -106,073,000 | -106,123,000 | -105,920,000 | -105,938,000 | -105,925,000 | -94,214,000 | -94,133,000 | -94,138,000 | -92,998,000 | -90,380,000 | -90,314,000 | ||
payments of settlement obligation | ||||||||||||||||||||||||||||||||||||||
borrowings under revolving credit facility | 0 | 40,000,000 | 0 | 5,000,000 | 45,000,000 | 80,000,000 | 56,000,000 | 205,000,000 | 105,000,000 | 140,000,000 | 0 | 75,000,000 | 20,000,000 | 85,000,000 | 20,000,000 | 85,000,000 | 100,000,000 | 105,000,000 | 30,000,000 | 130,000,000 | 0 | 0 | 0 | 139,000,000 | 150,000,000 | 105,000,000 | 175,000,000 | 70,000,000 | 485,000,000 | 0 | 335,000,000 | 25,000,000 | 120,000,000 | 200,000,000 | ||||
payments under revolving credit facility | 0 | -40,000,000 | -5,000,000 | 0 | -118,000,000 | -215,000,000 | -119,000,000 | -20,000,000 | -94,000,000 | -253,000,000 | -87,000,000 | 0 | -45,000,000 | -60,000,000 | 0 | 0 | -165,000,000 | -55,000,000 | -50,000,000 | -128,319,000 | -260,000,000 | -196,700,000 | 0 | 0 | -173,981,000 | -30,000,000 | -50,000,000 | -40,000,000 | 0 | -50,000,000 | -365,000,000 | -75,000,000 | -100,000,000 | -25,000,000 | -320,000,000 | -42,064,000 | ||
proceeds from abs loan facility and notes | ||||||||||||||||||||||||||||||||||||||
finance lease payments | -1,288,000 | -648,000 | -632,000 | -755,000 | -569,000 | -696,000 | -661,000 | -802,000 | -347,000 | -452,000 | -306,000 | -286,000 | -321,000 | -280,000 | -274,000 | -352,000 | -683,000 | -710,000 | -812,000 | -911,000 | ||||||||||||||||||
payments for financing costs | -15,640,000 | -12,479,000 | 0 | 0 | -7,859,000 | -7,919,000 | 0 | 0 | -267,000 | -26,688,000 | -1,905,000 | -599,000 | -2,225,000 | -22,931,000 | -3,100,000 | 0 | 0 | -47,775,000 | 0 | -35,000 | -13,271,000 | -36,191,000 | ||||||||||||||||
costs related to the early repayment of debt | -27,232,000 | -3,750,000 | 0 | 0 | -44,303,000 | 0 | ||||||||||||||||||||||||||||||||
distributions paid to noncontrolling interests | 0 | -21,000 | -16,000 | |||||||||||||||||||||||||||||||||||
payment for noncontrolling interest | 1,000 | -80,000 | 0 | |||||||||||||||||||||||||||||||||||
employee stock purchase program | 0 | 278,000 | 330,000 | 0 | 326,000 | 416,000 | 0 | 314,000 | 325,000 | 0 | 264,000 | 353,000 | 31,000 | 288,000 | 0 | 0 | 306,000 | 400,000 | 1,000 | 446,000 | ||||||||||||||||||
payments related to tax withholding for stock-based compensation | -2,000 | -2,301,000 | -8,000 | -4,000 | -68,000 | -1,515,000 | -74,000 | -9,000 | -7,000 | -1,343,000 | -479,000 | 2,000 | -2,911,000 | -1,525,000 | -1,448,000 | -10,000 | ||||||||||||||||||||||
net cash from financing activities | 31,323,000 | 145,515,000 | -30,155,000 | -19,934,000 | 7,298,000 | 69,875,000 | -88,251,000 | 124,283,000 | -85,744,000 | 126,355,000 | -41,265,000 | 39,419,000 | -104,704,000 | 23,354,000 | -47,151,000 | 23,671,000 | -175,732,000 | 2,645,000 | -59,114,000 | 207,147,000 | -281,276,000 | -90,663,000 | -16,143,000 | -19,439,000 | 102,167,000 | -33,956,000 | 27,134,000 | 8,541,000 | 58,372,000 | -107,888,000 | 4,757,000 | -191,639,000 | 833,877,000 | -145,028,000 | 82,130,000 | 58,471,000 | 145,789,000 | -97,624,000 |
net increase in cash, restricted cash and cash equivalents | 80,749,000 | -11,522,000 | ||||||||||||||||||||||||||||||||||||
cash, restricted cash and cash equivalents at beginning of period | 0 | 183,847,000 | 0 | 0 | 0 | 62,264,000 | ||||||||||||||||||||||||||||||||
payments of settlement payable | -24,505,000 | -24,506,000 | -24,505,000 | -24,506,000 | -24,505,000 | -24,506,000 | -24,505,000 | -24,506,000 | -24,505,000 | |||||||||||||||||||||||||||||
proceeds from abs loan facility | 0 | 0 | 0 | 275,000,000 | ||||||||||||||||||||||||||||||||||
net decrease in cash, restricted cash and cash equivalents | -53,572,000 | |||||||||||||||||||||||||||||||||||||
loss on debt extinguishment | 5,911,000 | 0 | 5,404,000 | 37,965,000 | ||||||||||||||||||||||||||||||||||
interest rate swap termination | 755,000 | 2,829,000 | 2,829,000 | 2,830,000 | 2,829,000 | 2,830,000 | 2,829,000 | 2,829,000 | 2,830,000 | 2,829,000 | 2,830,000 | 1,666,000 | ||||||||||||||||||||||||||
equity in earnings of unconsolidated entities | -672,000 | -670,000 | -659,000 | -661,000 | -675,000 | -672,000 | -480,000 | -544,000 | -553,000 | -604,000 | ||||||||||||||||||||||||||||
distributions of cumulative earnings from unconsolidated entities | 1,005,000 | 990,000 | 989,000 | 980,000 | 1,010,000 | 990,000 | 989,000 | 980,000 | 989,000 | 983,000 | 990,000 | 960,000 | 1,000,000 | |||||||||||||||||||||||||
cash paid for interest rate swap settlement | -822,000 | -3,245,000 | -3,202,000 | -3,144,000 | -3,192,000 | -3,181,000 | -3,121,000 | -2,989,000 | ||||||||||||||||||||||||||||||
straight-line rental revenues | -4,119,000 | -4,547,000 | -4,305,000 | -4,322,000 | ||||||||||||||||||||||||||||||||||
goodwill impairment | 50,998,000 | 24,500,000 | ||||||||||||||||||||||||||||||||||||
gain on sale of operations | 0 | 0 | ||||||||||||||||||||||||||||||||||||
gain on sale of unconsolidated entity | 0 | 0 | ||||||||||||||||||||||||||||||||||||
accretion of settlement payable | ||||||||||||||||||||||||||||||||||||||
proceeds from sale of equipment | ||||||||||||||||||||||||||||||||||||||
proceeds from sale of operations | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||
proceeds from sale of real estate, net of cash | 90,000 | 250,000 | 0 | 0 | -126,000 | 166,862,000 | 0 | 2,905,000 | ||||||||||||||||||||||||||||||
payments for capped call option | ||||||||||||||||||||||||||||||||||||||
payment for settlement of common stock warrant | 0 | 0 | 0 | -56,000 | ||||||||||||||||||||||||||||||||||
proceeds from termination of bond hedge option | ||||||||||||||||||||||||||||||||||||||
costs related to early repayment of debt | ||||||||||||||||||||||||||||||||||||||
distributions paid to noncontrolling interest | 0 | -16,000 | -16,000 | -31,000 | 0 | -661,000 | -519,000 | -520,000 | -520,000 | -520,000 | -520,000 | -762,000 | -173,000 | -187,000 | -207,000 | -2,479,000 | -2,479,000 | -2,480,000 | -2,479,000 | -2,479,000 | ||||||||||||||||||
payment for exchange of noncontrolling interest | 0 | 0 | ||||||||||||||||||||||||||||||||||||
proceeds from employee stock purchase plan | ||||||||||||||||||||||||||||||||||||||
cash, restricted cash and cash equivalents at end of period | 130,459,000 | -78,103,000 | 80,749,000 | 50,742,000 | ||||||||||||||||||||||||||||||||||
non-cash investing and financing activities: | ||||||||||||||||||||||||||||||||||||||
property and equipment acquired but not yet paid | 2,815,000 | 297,000 | -1,935,000 | 9,009,000 | -3,336,000 | -2,574,000 | -4,232,000 | 2,012,000 | -2,599,000 | 13,338,000 | -7,191,000 | 4,822,000 | -31,000 | 17,795,000 | -12,000 | -2,583,000 | 3,604,000 | 14,221,000 | 752,000 | 19,065,000 | 6,455,000 | -3,745,000 | -2,887,000 | 18,078,000 | 11,683,000 | 710,000 | -1,121,000 | 4,013,000 | 1,349,000 | 3,215,000 | ||||||||
tenant capital improvements | 99,495,000 | 69,543,000 | 27,967,000 | 66,082,000 | 73,441,000 | 15,849,000 | -554,000 | 34,850,000 | 46,720,000 | 38,669,000 | -1,984,000 | 34,207,000 | 43,901,000 | 62,888,000 | 519,000 | 36,444,000 | 51,486,000 | 29,651,000 | 29,579,000 | 31,846,000 | 44,838,000 | 47,352,000 | 61,671,000 | 52,513,000 | 79,961,000 | 33,824,000 | 44,772,000 | 41,597,000 | 38,244,000 | 32,359,000 | ||||||||
sale of unconsolidated entity | ||||||||||||||||||||||||||||||||||||||
termination of bond hedge option | 0 | 0 | 59,000 | |||||||||||||||||||||||||||||||||||
gain on prepayment of settlement payable | ||||||||||||||||||||||||||||||||||||||
changes in assets and liabilities, net of acquisitions: | ||||||||||||||||||||||||||||||||||||||
net cash from by investing activities | ||||||||||||||||||||||||||||||||||||||
payments of contingent consideration | 0 | 0 | 0 | -2,979,000 | 0 | -8,627,000 | 0 | -7,086,000 | 0 | -4,083,000 | -20,000,000 | -8,170,000 | 0 | -5,978,000 | 0 | -12,662,000 | 0 | -1,208,000 | 0 | -18,791,000 | ||||||||||||||||||
net increase in cash and cash equivalents | -32,201,000 | 26,543,000 | -18,011,000 | 10,276,000 | -7,774,000 | -10,848,000 | -38,785,000 | -13,930,000 | 44,932,000 | -118,036,000 | 107,301,000 | -21,060,000 | -33,484,000 | -54,504,000 | -102,077,000 | 194,710,000 | 66,658,000 | -80,467,000 | 865,370,000 | -103,028,000 | 130,992,000 | -8,051,000 | -116,527,000 | 22,842,000 | ||||||||||||||
cash and cash equivalents at beginning of period | 0 | 0 | 0 | 43,803,000 | 0 | 0 | 0 | 58,903,000 | 0 | 0 | 0 | 77,534,000 | 0 | 0 | 0 | 142,813,000 | 0 | 0 | 0 | 38,026,000 | 0 | 0 | 0 | 59,765,000 | 0 | 0 | 0 | 171,754,000 | 0 | 0 | 0 | 142,498,000 | ||||||
cash and cash equivalents at end of period | 28,145,000 | -4,026,000 | -32,201,000 | 70,346,000 | 409,000 | -18,011,000 | 10,276,000 | 51,129,000 | -10,848,000 | -38,785,000 | -13,930,000 | 122,466,000 | -118,036,000 | 107,301,000 | -21,060,000 | 109,329,000 | -102,077,000 | 194,710,000 | 104,684,000 | -80,467,000 | 41,993,000 | 19,599,000 | 56,901,000 | 9,842,000 | -884,173,000 | 865,370,000 | 68,726,000 | 130,992,000 | -8,051,000 | -116,527,000 | 165,340,000 | |||||||
net loss | -4,502,000 | |||||||||||||||||||||||||||||||||||||
adjustments to reconcile net loss to net cash from operating activities: | ||||||||||||||||||||||||||||||||||||||
proceeds from sale of real estate, net cash | ||||||||||||||||||||||||||||||||||||||
net decrease in cash and cash equivalents | 19,599,000 | -2,864,000 | ||||||||||||||||||||||||||||||||||||
change in fair value of contingent consideration | 0 | 0 | 0 | 21,000 | -923,000 | 1,946,000 | 4,645,000 | 1,495,000 | 67,000 | -2,999,000 | -22,275,000 | -3,256,000 | -3,034,000 | -199,000 | 3,376,000 | -3,864,000 | 1,645,000 | -3,933,000 | 2,114,000 | 10,910,000 | ||||||||||||||||||
settlement payable | -19,737,000 | -211,423,000 | ||||||||||||||||||||||||||||||||||||
asset acquisitions | ||||||||||||||||||||||||||||||||||||||
settlement common stock issuance | 0 | |||||||||||||||||||||||||||||||||||||
employee stock purchase plan | ||||||||||||||||||||||||||||||||||||||
effect of exchange rates on cash and cash equivalents | 0 | 0 | -197,000 | 154,000 | -348,000 | 276,000 | -364,000 | 263,000 | -205,000 | 41,000 | 62,000 | 294,000 | -86,000 | -105,000 | -154,000 | 78,000 | ||||||||||||||||||||||
receipt of equity method investment value in exchange for assets | ||||||||||||||||||||||||||||||||||||||
payment of tender premium | -17,550,000 | |||||||||||||||||||||||||||||||||||||
other capital expenditures | -94,728,000 | -109,845,000 | -98,076,000 | -80,115,000 | -58,942,000 | -75,093,000 | -84,384,000 | -101,020,000 | -79,458,000 | -133,641,000 | ||||||||||||||||||||||||||||
loss on sale of operations | ||||||||||||||||||||||||||||||||||||||
deferred revenue from prepaid rent - bluebird transaction | ||||||||||||||||||||||||||||||||||||||
acquisition of businesses, net of cash acquired | -6,101,000 | -1,000 | 0 | -4,210,000 | 1,778,000 | -763,913,000 | 0 | 248,000 | 750,000 | -173,405,000 | ||||||||||||||||||||||||||||
principal payment on debt | -5,270,000 | -5,270,000 | -5,283,000 | -5,350,000 | -5,350,000 | -6,044,000 | ||||||||||||||||||||||||||||||||
common stock issuance, net of costs | 0 | 0 | 0 | 21,641,000 | 45,018,000 | 2,000 | -53,000 | 499,031,000 | -54,000 | 2,000 | -625,000 | |||||||||||||||||||||||||||
proceeds from sale of warrants | 0 | 0 | ||||||||||||||||||||||||||||||||||||
payment for bond hedge option | 0 | 0 | ||||||||||||||||||||||||||||||||||||
settlement of contingent consideration through non-cash consideration | 0 | 11,178,000 | ||||||||||||||||||||||||||||||||||||
straight-line revenues | -8,240,000 | -7,309,000 | -6,906,000 | -1,747,000 | 602,000 | 109,000 | -34,000 | -693,000 | -723,000 | -3,532,000 | -2,808,000 | -4,592,000 | -3,609,000 | -3,619,000 | -3,629,000 | |||||||||||||||||||||||
windstream asset acquisition | -280,000 | |||||||||||||||||||||||||||||||||||||
payment of settlement obligation | -24,505,000 | -24,506,000 | -24,505,000 | |||||||||||||||||||||||||||||||||||
equity in (earnings) loss of unconsolidated entities | -398,000 | -440,000 | ||||||||||||||||||||||||||||||||||||
loss on asset disposal | 134,000 | 313,000 | 811,000 | -1,251,000 | 1,923,000 | 1,685,000 | ||||||||||||||||||||||||||||||||
payments related to tax withholding for share-based compensation | -2,306,000 | |||||||||||||||||||||||||||||||||||||
write off of deferred financing costs and debt discount | 0 | 0 | 0 | 73,952,000 | ||||||||||||||||||||||||||||||||||
loss on sale of uniti fiber midwest operations | 0 | |||||||||||||||||||||||||||||||||||||
deferred revenue from prepaid rent - bluebird/uniti fiber midwest networks | ||||||||||||||||||||||||||||||||||||||
bluebird asset acquisition | -1,828,000 | |||||||||||||||||||||||||||||||||||||
proceeds from sale of uniti fiber midwest operations | 0 | |||||||||||||||||||||||||||||||||||||
nms asset acquisition | -64,622,000 | |||||||||||||||||||||||||||||||||||||
capital expenditures - other | -51,143,000 | -54,927,000 | -64,867,000 | |||||||||||||||||||||||||||||||||||
repayment of senior secured term loan b | 0 | 0 | 0 | -2,044,728,000 | ||||||||||||||||||||||||||||||||||
purchase of noncontrolling interest | ||||||||||||||||||||||||||||||||||||||
net share settlement | -135,000 | 88,000 | -677,000 | -373,000 | -2,000 | -67,000 | -186,000 | -1,579,000 | -30,000 | 0 | -917,000 | -658,000 | -84,000 | -58,000 | -4,000 | -1,690,000 | -236,000 | -68,000 | -789,000 | -1,266,000 | ||||||||||||||||||
settlement of convertible preferred stock, series a shares | ||||||||||||||||||||||||||||||||||||||
exchange of noncontrolling interest through non-cash consideration | ||||||||||||||||||||||||||||||||||||||
loss on derivative instruments | -2,635,000 | -1,982,000 | -269,000 | |||||||||||||||||||||||||||||||||||
principal payments on debt | -5,270,000 | -5,270,000 | -5,270,000 | -5,270,000 | -5,270,000 | -5,270,000 | ||||||||||||||||||||||||||||||||
capital lease payments | -1,026,000 | -1,283,000 | -890,000 | -1,006,000 | -2,127,000 | -1,081,000 | -1,839,000 | -899,000 | -889,000 | -1,003,000 | -673,000 | -672,000 | -604,000 | -476,000 | ||||||||||||||||||||||||
cash and cash equivalents, held for sale | -4,774,000 | |||||||||||||||||||||||||||||||||||||
acquisition of ground lease investments | -7,895,000 | -4,514,000 | -2,164,000 | -7,191,000 | ||||||||||||||||||||||||||||||||||
deferred revenue from prepaid rent - bluebird / uniti fiber midwest networks | ||||||||||||||||||||||||||||||||||||||
nms asset acquisitions | -2,145,000 | -192,000 | -962,000 | -633,000 | ||||||||||||||||||||||||||||||||||
deferred financing costs | -6,000 | -3,122,000 | -993,000 | -24,418,000 | -17,611,000 | 52,000 | ||||||||||||||||||||||||||||||||
acquisition of businesses through non-cash consideration | 0 | 0 | ||||||||||||||||||||||||||||||||||||
consideration paid to windstream services, llc | ||||||||||||||||||||||||||||||||||||||
proceeds from issuance of term loans | ||||||||||||||||||||||||||||||||||||||
cash in-lieu of fractional shares | ||||||||||||||||||||||||||||||||||||||
issuance of notes and other debt to windstream services, llc, net of deferred financing costs | ||||||||||||||||||||||||||||||||||||||
amortization of deferred financing costs | 2,889,000 | 2,588,000 | 2,487,000 | 2,183,000 | 1,959,000 | 1,863,000 | 1,818,000 | |||||||||||||||||||||||||||||||
amortization of debt discount | 3,221,000 | 3,128,000 | 2,778,000 | 2,215,000 | 2,038,000 | 1,980,000 | 1,946,000 | |||||||||||||||||||||||||||||||
supplemental cash flow information: | ||||||||||||||||||||||||||||||||||||||
cash paid for interest | 97,250,000 | 34,001,000 | 91,844,000 | 32,850,000 | ||||||||||||||||||||||||||||||||||
cash paid for income taxes | 481,000 | 695,000 | 1,684,000 | 143,000 | ||||||||||||||||||||||||||||||||||
acquisition of businesses through equity consideration | ||||||||||||||||||||||||||||||||||||||
changes in: | ||||||||||||||||||||||||||||||||||||||
acquisition of real estate | -1,347,000 | |||||||||||||||||||||||||||||||||||||
acquisition of business, to include cash acquired | 111,000 | |||||||||||||||||||||||||||||||||||||
accrual of dividends declared | 90,621,000 | |||||||||||||||||||||||||||||||||||||
acquisition of business through equity consideration | 974,000 | |||||||||||||||||||||||||||||||||||||
common stock issuance costs |
