CenturyLink Reports Second Quarter 2019 Results
Highlights
- Reported Net Income of $371 million; excluding Integration and Transformation Costs and Special Items, reported Net Income of $369 million
- Generated Adjusted EBITDA of $2.269 billion for the second quarter 2019, excluding Integration and Transformation Costs and Special Items of $54 million
- Expanded Adjusted EBITDA margin, excluding Integration and Transformation Costs and Special Items, to 40.7% in the second quarter 2019, from 38.5% in the second quarter 2018
- Generated Net Cash Provided by Operating Activities of $1.701 billion for the second quarter 2019
- Generated Free Cash Flow of $956 million for the second quarter 2019, excluding cash paid for Integration and Transformation Costs and Special Items of $55 million
- Achieved $290 million of annualized, run-rate Adjusted EBITDA synergy and transformation savings as of the end of the second quarter 2019
- Reiterated full year 2019 outlook for Adjusted EBITDA and Free Cash Flow
MONROE, La., Aug. 7, 2019 /PRNewswire/ -- [u]CenturyLink, Inc.[/u] (CTL) today reported results for the second quarter ended June 30, 2019.
Highlights
- Reported Net Income of $371 million; excluding Integration and Transformation Costs and Special Items, reported Net Income of $369 million
- Generated Adjusted EBITDA of $2.269 billion for the second quarter 2019, excluding Integration and Transformation Costs and Special Items of $54 million
- Expanded Adjusted EBITDA margin, excluding Integration and Transformation Costs and Special Items, to 40.7% in the second quarter 2019, from 38.5% in the second quarter 2018
- Generated Net Cash Provided by Operating Activities of $1.701 billion for the second quarter 2019
- Generated Free Cash Flow of $956 million for the second quarter 2019, excluding cash paid for Integration and Transformation Costs and Special Items of $55 million
- Achieved $290 million of annualized, run-rate Adjusted EBITDA synergy and transformation savings as of the end of the second quarter 2019
- Reiterated full year 2019 outlook for Adjusted EBITDA and Free Cash Flow
MONROE, La., Aug. 7, 2019 /PRNewswire/ -- [u]CenturyLink, Inc.[/u] (CTL) today reported results for the second quarter ended June 30, 2019.