$CNSL
Consolidated Communications Holdings, Inc.

2021 Q1 Form 10-Q Financial Statement

#000155837021005359 Filed on April 30, 2021

View on sec.gov

Income Statement

Concept 2021 Q1 2020 Q1
Revenue $324.8M $325.7M
YoY Change -0.28% -3.83%
Cost Of Revenue $144.0M $137.8M
YoY Change 4.5% -7.08%
Gross Profit $180.8M $187.9M
YoY Change -3.78% -1.26%
Gross Profit Margin 55.67% 57.7%
Selling, General & Admin $66.85M $67.82M
YoY Change -1.43% -8.81%
% of Gross Profit 36.97% 36.09%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $75.61M $82.74M
YoY Change -8.61% -16.63%
% of Gross Profit 41.82% 44.03%
Operating Expenses $66.85M $67.82M
YoY Change -1.43% -8.81%
Operating Profit $38.33M $37.35M
YoY Change 2.61% 123.4%
Interest Expense -$48.42M -$32.10M
YoY Change 50.85% -6.38%
% of Operating Profit -126.32% -85.93%
Other Income/Expense, Net $2.718M $4.594M
YoY Change -40.84% -435.57%
Pretax Income -$67.38M $20.66M
YoY Change -426.09% -300.02%
Income Tax -$5.300M $5.041M
% Of Pretax Income 24.4%
Net Earnings -$62.10M $15.55M
YoY Change -499.43% -314.0%
Net Earnings / Revenue -19.12% 4.77%
Basic Earnings Per Share -$0.80 $0.22
Diluted Earnings Per Share -$0.80 $0.22
COMMON SHARES
Basic Shares Outstanding 78.03M 71.95M
Diluted Shares Outstanding 78.03M

Balance Sheet

Concept 2021 Q1 2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $325.1M $14.10M
YoY Change 2205.67% 110.45%
Cash & Equivalents $325.1M $14.14M
Short-Term Investments
Other Short-Term Assets $48.60M $45.20M
YoY Change 7.52% -1.31%
Inventory
Prepaid Expenses
Receivables $125.7M $122.3M
Other Receivables $1.000M $4.200M
Total Short-Term Assets $500.5M $185.8M
YoY Change 169.32% -5.14%
LONG-TERM ASSETS
Property, Plant & Equipment $1.773B $1.807B
YoY Change -1.89% -6.2%
Goodwill $1.035B $1.035B
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments $110.8M $113.2M
YoY Change -2.12% 1.07%
Other Assets $140.5M $51.93M
YoY Change 170.56% 69.14%
Total Long-Term Assets $3.173B $3.169B
YoY Change 0.13% -4.77%
TOTAL ASSETS
Total Short-Term Assets $500.5M $185.8M
Total Long-Term Assets $3.173B $3.169B
Total Assets $3.674B $3.355B
YoY Change 9.5% -4.79%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $27.17M $19.90M
YoY Change 36.54% -23.45%
Accrued Expenses $86.98M $73.78M
YoY Change 17.89% -51.21%
Deferred Revenue $49.14M $47.22M
YoY Change 4.07%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $5.000M $25.70M
YoY Change -80.54% -12.29%
Total Short-Term Liabilities $274.7M $237.7M
YoY Change 15.59% -16.61%
LONG-TERM LIABILITIES
Long-Term Debt $2.106B $2.210B
YoY Change -4.7% -4.26%
Other Long-Term Liabilities $793.7M $379.6M
YoY Change 109.09% 1.99%
Total Long-Term Liabilities $2.900B $2.589B
YoY Change 11.98% -3.4%
TOTAL LIABILITIES
Total Short-Term Liabilities $274.7M $237.7M
Total Long-Term Liabilities $2.900B $2.589B
Total Liabilities $3.341B $3.001B
YoY Change 11.32% -4.83%
SHAREHOLDERS EQUITY
Retained Earnings -$96.61M -$55.78M
YoY Change 73.22%
Common Stock $527.9M $493.9M
YoY Change 6.9%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $325.8M $347.2M
YoY Change
Total Liabilities & Shareholders Equity $3.674B $3.355B
YoY Change 9.5% -4.79%

Cashflow Statement

Concept 2021 Q1 2020 Q1
OPERATING ACTIVITIES
Net Income -$62.10M $15.55M
YoY Change -499.43% -314.0%
Depreciation, Depletion And Amortization $75.61M $82.74M
YoY Change -8.61% -16.63%
Cash From Operating Activities $98.49M $84.99M
YoY Change 15.88% 13.32%
INVESTING ACTIVITIES
Capital Expenditures $75.96M $42.39M
YoY Change 79.2% -20.61%
Acquisitions
YoY Change
Other Investing Activities $1.200M $2.600M
YoY Change -53.85% 116.67%
Cash From Investing Activities -$74.74M -$39.78M
YoY Change 87.9% -23.8%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $46.59M
YoY Change 2.19%
Cash From Financing Activities 145.8M -43.47M
YoY Change -435.47% 69.33%
NET CHANGE
Cash From Operating Activities 98.49M 84.99M
Cash From Investing Activities -74.74M -39.78M
Cash From Financing Activities 145.8M -43.47M
Net Change In Cash 169.6M 1.744M
YoY Change 9623.68% -160.66%
FREE CASH FLOW
Cash From Operating Activities $98.49M $84.99M
Capital Expenditures $75.96M $42.39M
Free Cash Flow $22.53M $42.60M
YoY Change -47.11% 97.2%

Facts In Submission

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CONSOLIDATED COMMUNICATIONS HOLDINGS, INC.
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CY2021Q1 cnsl Equity Method Investments Number Of Entitys Investments
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CY2021Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
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CY2020Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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CY2021Q1 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
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CY2021Q1 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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CY2021Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2021Q1 us-gaap Unrecognized Tax Benefits
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CY2021Q1 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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CY2021Q1 us-gaap Effective Income Tax Rate Continuing Operations
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CY2020Q1 us-gaap Effective Income Tax Rate Continuing Operations
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CY2021Q1 cnsl Loss Contingencies Number Of Subsidiaries In Receipt Of Assessment Notice
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CY2021Q1 us-gaap Payments For Legal Settlements
PaymentsForLegalSettlements
2100000

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