- The document provides fourth quarter 2015 results and full year 2015 results for TDS and its subsidiaries U.S. Cellular and TDS Telecom. It also outlines strategic priorities and guidance for 2016.
- Key highlights for Q4 2015 include operating revenues of $987 million for U.S. Cellular, adjusted EBITDA of $178 million, and 75,000 retail net additions. TDS Telecom saw operating revenues of $284 million and adjusted EBITDA of $71 million.
- For full year 2015, U.S. Cellular operating revenues were $3.997 billion and adjusted EBITDA was $852 million. TDS Telecom operating revenues were $1.158
The document provides an overview of a company's fourth quarter 2015 results, accomplishments in 2015, and strategic priorities for 2016. It summarizes the company's financial results for Q4 2015 and full year 2015, noting declines in revenue but increases in operating cash flow. It outlines the company's strategic priorities for 2016, which include driving customer growth, reducing costs, managing investments, and continuing its fiber deployment. The document also summarizes 2015 results and 2016 priorities for the company's wireline, cable, and hosted services divisions.
This document provides a summary of key information from Raymond James 37th Annual Institutional Investors Conference on March 8, 2016. It discusses TDS (NYSE: TDS), a telecommunications company that operates through its subsidiaries TDS Telecom and U.S. Cellular. The summary highlights TDS' focus on long-term value creation, conservative financing strategy, and history of annual dividend increases. Financial results for 2015 show growth in operating cash flow, operating income, and adjusted EBITDA for both U.S. Cellular and TDS Telecom compared to 2014. Key strategic priorities for 2016 include revenue growth, reducing costs, and increasing margins.
Third quarter 2015 results saw:
- Completion of nationwide 4G LTE network and strong data usage growth.
- Postpaid churn of 1.41% and prepaid net additions of 12,000.
- Adjusted EBITDA of $257 million, up 47% from prior year excluding one-time rewards program termination.
- Guidance increased for full year operating cash flow to $540-620 million and Adjusted EBITDA to $710-790 million.
The document provides third quarter 2016 financial results for U.S. Cellular and TDS Telecom. Key highlights include:
- U.S. Cellular's postpaid net losses were 6,000 due to lower gross additions, but postpaid churn was low at 1.34%. Equipment sales revenues increased 38% year-over-year.
- TDS Telecom's wireline, cable, and hosted/managed services businesses saw stable to modest growth in operating revenues and adjusted EBITDA compared to the prior year.
- Guidance for full year 2016 remains unchanged with estimated total operating revenues of $3.9-4.1 billion for U.S. Cellular and $1
- U.S. Cellular reported higher gross additions and lower churn in Q2 2016 compared to Q2 2015, resulting in postpaid net additions of 36,000 vs. 17,000 in the prior year.
- Total operating revenues were flat at $980 million due to an 8% decline in service revenues offset by a 44% increase in equipment sales revenues.
- Adjusted EBITDA increased 5% to $218 million driven by growth in operating cash flow and equity in earnings of unconsolidated entities.
- Guidance for 2016 remains unchanged with total operating revenues of $3.9-4.1 billion and adjusted EBITDA of $725-850 million expected.
Sprint reported its fiscal third quarter 2015 results, highlighting growing postpaid connections, improved churn rates, and raised full year guidance. Key points include: postpaid phone net additions were the highest in three years; churn was the lowest ever for a third quarter; and adjusted EBITDA guidance was increased due to stabilizing revenue and cost reductions. Significant steps were also taken to improve liquidity, including a $1.1 billion sale-leaseback transaction. The document also discussed network performance improvements through LTE Plus deployments.
- U.S. Cellular reported first quarter 2016 results with highlights including growth in postpaid customers and net additions, higher equipment revenue driven by increased smartphone sales and adoption of equipment installment plans, and continued improvements in churn and operating expenses.
- Service revenue trends were impacted by competitive pricing partially offsetting growth from increased customers and data usage. Guidance for full year 2016 remained unchanged.
- TDS Telecom segments of Wireline, Cable, and Hosted and Managed Services also reported first quarter results with the focus on growing broadband customers and connections across these business lines.
The TDS Annual Meeting of Shareholders provided an overview of the company's performance and strategic priorities. U.S. Cellular achieved postpaid customer growth and reduced churn in 2015 while significantly improving profitability. For 2016, U.S. Cellular aims to add customers, grow revenues, manage costs, and invest in its network. TDS Telecom increased IPTV and broadband connections in 2015 through acquisitions and stimulus projects. It will focus on targeted fiber deployment and leveraging wireline capabilities. Both companies aim for profitable growth through innovative services while maintaining operational efficiency.
The document provides an overview of a company's fourth quarter 2015 results, accomplishments in 2015, and strategic priorities for 2016. It summarizes the company's financial results for Q4 2015 and full year 2015, noting declines in revenue but increases in operating cash flow. It outlines the company's strategic priorities for 2016, which include driving customer growth, reducing costs, managing investments, and continuing its fiber deployment. The document also summarizes 2015 results and 2016 priorities for the company's wireline, cable, and hosted services divisions.
This document provides a summary of key information from Raymond James 37th Annual Institutional Investors Conference on March 8, 2016. It discusses TDS (NYSE: TDS), a telecommunications company that operates through its subsidiaries TDS Telecom and U.S. Cellular. The summary highlights TDS' focus on long-term value creation, conservative financing strategy, and history of annual dividend increases. Financial results for 2015 show growth in operating cash flow, operating income, and adjusted EBITDA for both U.S. Cellular and TDS Telecom compared to 2014. Key strategic priorities for 2016 include revenue growth, reducing costs, and increasing margins.
Third quarter 2015 results saw:
- Completion of nationwide 4G LTE network and strong data usage growth.
- Postpaid churn of 1.41% and prepaid net additions of 12,000.
- Adjusted EBITDA of $257 million, up 47% from prior year excluding one-time rewards program termination.
- Guidance increased for full year operating cash flow to $540-620 million and Adjusted EBITDA to $710-790 million.
The document provides third quarter 2016 financial results for U.S. Cellular and TDS Telecom. Key highlights include:
- U.S. Cellular's postpaid net losses were 6,000 due to lower gross additions, but postpaid churn was low at 1.34%. Equipment sales revenues increased 38% year-over-year.
- TDS Telecom's wireline, cable, and hosted/managed services businesses saw stable to modest growth in operating revenues and adjusted EBITDA compared to the prior year.
- Guidance for full year 2016 remains unchanged with estimated total operating revenues of $3.9-4.1 billion for U.S. Cellular and $1
- U.S. Cellular reported higher gross additions and lower churn in Q2 2016 compared to Q2 2015, resulting in postpaid net additions of 36,000 vs. 17,000 in the prior year.
- Total operating revenues were flat at $980 million due to an 8% decline in service revenues offset by a 44% increase in equipment sales revenues.
- Adjusted EBITDA increased 5% to $218 million driven by growth in operating cash flow and equity in earnings of unconsolidated entities.
- Guidance for 2016 remains unchanged with total operating revenues of $3.9-4.1 billion and adjusted EBITDA of $725-850 million expected.
Sprint reported its fiscal third quarter 2015 results, highlighting growing postpaid connections, improved churn rates, and raised full year guidance. Key points include: postpaid phone net additions were the highest in three years; churn was the lowest ever for a third quarter; and adjusted EBITDA guidance was increased due to stabilizing revenue and cost reductions. Significant steps were also taken to improve liquidity, including a $1.1 billion sale-leaseback transaction. The document also discussed network performance improvements through LTE Plus deployments.
- U.S. Cellular reported first quarter 2016 results with highlights including growth in postpaid customers and net additions, higher equipment revenue driven by increased smartphone sales and adoption of equipment installment plans, and continued improvements in churn and operating expenses.
- Service revenue trends were impacted by competitive pricing partially offsetting growth from increased customers and data usage. Guidance for full year 2016 remained unchanged.
- TDS Telecom segments of Wireline, Cable, and Hosted and Managed Services also reported first quarter results with the focus on growing broadband customers and connections across these business lines.
The TDS Annual Meeting of Shareholders provided an overview of the company's performance and strategic priorities. U.S. Cellular achieved postpaid customer growth and reduced churn in 2015 while significantly improving profitability. For 2016, U.S. Cellular aims to add customers, grow revenues, manage costs, and invest in its network. TDS Telecom increased IPTV and broadband connections in 2015 through acquisitions and stimulus projects. It will focus on targeted fiber deployment and leveraging wireline capabilities. Both companies aim for profitable growth through innovative services while maintaining operational efficiency.
- Level 3 reported third quarter 2015 results on October 28, 2015
- Key highlights included year-over-year CNS enterprise revenue growth of 8.3% in North America and adjusted EBITDA of $657 million
- The company updated its full-year 2015 adjusted EBITDA growth outlook to 15-17% compared to previous outlook of 14-17%
BGC Partners reported financial results for the third quarter of 2015. Revenues increased 55.8% to $700.9 million compared to the third quarter of 2014, driven by the acquisition of GFI Group. Pre-tax distributable earnings were up 33.9% to $88.1 million. The fully electronic division, FENICS, saw revenues increase 142% and pre-tax earnings rise 82% over the prior year. BGC maintained a diverse revenue base across its business segments and geographies.
Kenneth R. Meyers, President and CEO of the company, addressed shareholders at the annual meeting. He discussed strategic priorities for 2016, which included adding customers through network investments and competitive plans, growing revenues through increased smartphone penetration and new services, managing costs through subsidy programs, and investing in spectrum and infrastructure to ensure future growth. Meyers thanked associates for their excellence and shareholders for their ongoing support.
- Level 3 reported second quarter 2015 results on July 29, 2015
- Core Network Services revenue grew 5.4% year-over-year on a constant currency basis
- Adjusted EBITDA grew to $665 million with a margin of 32.3%
- The company generated $102 million in free cash flow and reduced annualized interest expenses through capital markets transactions
U.S. Cellular reported its second quarter 2014 results, with key highlights including:
- Postpaid net customer losses improved to 26,000 compared to 53,000 in Q2 2013.
- Postpaid ARPU increased 4% year-over-year to $56.82.
- Adjusted income before taxes for U.S. Cellular was $122 million, lower than $191 million in Q2 2013, due primarily to higher equipment losses.
- TDS Telecom adjusted income before taxes grew 18% year-over-year to $73 million, driven by growth in its Hosted and Managed Services segment.
This document summarizes Sprint's fiscal year 2015 results, highlighting key financial metrics and operational achievements. Some of the key points include:
- Sprint generated positive operating income for the first time in nine years, driven by consistent quarterly revenues and ongoing cost reductions.
- Postpaid phone net additions of over 1.2 million were the highest in three years and an improvement of nearly 2 million year-over-year.
- Sprint achieved its best-ever postpaid churn and postpaid phone churn for a fiscal year.
- Sprint has $11 billion in committed liquidity following successful financing transactions to fund devices and network improvements.
1) The company introduced 40 new brands in Q3 2018, achieving strong growth in subscriptions of 13% and growing digital and mobile sales.
2) Financially, net sales were $131.7 million in Q3 2018, adjusted EBITDA was a loss of $4.2 million, and EPS was a loss of $0.14.
3) Digitally, digital sales reached 51.9% of total sales and mobile sales reached 55.4% of digital sales, both growing compared to the prior year.
U.S. Cellular reported its second quarter 2013 results. Key highlights include:
- Service revenues for core markets were $865.7 million, down slightly from the previous year. Postpaid customer losses were 53,000 for the quarter.
- Total company operating income was $219.1 million, up significantly from the previous year due to gains from divesting assets. Adjusted pre-tax income was $209.5 million.
- Guidance for 2013 expects service revenues between $3.615-3.715 billion and adjusted pre-tax income between $600-700 million. Capital expenditures are expected to be $735 million.
- U.S. Cellular
- Cisco held a Q1 FY2016 conference call to discuss financial results and business trends.
- Revenue grew 4% year-over-year to $12.7 billion. Non-GAAP earnings per share grew 9% to $0.59.
- Cisco is making investments to drive growth in cloud, software, and new markets while maintaining profitability.
- Guidance for Q2 FY2016 expects revenue growth of 3-5% year-over-year.
- Revenue and EPS results for the second quarter of 2017 were in line with expectations, positioning the company for growth in the second half of the fiscal year.
- The company recently reached agreements to launch its HD broadcast signal in over 10 million new homes over the next 6 months.
- Efforts to rebuild the Home category showed early success, with 9% revenue growth in that segment during the second quarter compared to the prior year.
- Investments in mobile and fulfillment capabilities helped drive a 5% increase in purchase frequency and mobile sales growing to 49.4% of digital sales, up from 47.9% last year.
The document provides financial results for U.S. Cellular and TDS Telecom for the second quarter of 2018. Some key highlights:
- Total operating revenues for U.S. Cellular increased 1% year-over-year to $974 million. Adjusted OIBDA increased 26% to $205 million.
- Wireline revenues declined 4% to $174 million due to declines in commercial and wholesale revenues. Adjusted EBITDA declined 12% to $59 million.
- Cable revenues grew 12% to $57 million driven by a 14% increase in broadband connections. Adjusted EBITDA increased 10% to $16 million.
- TDS Telecom's total
First quarter 2015 financial results for TDS and U.S. Cellular:
- Total operating revenues for U.S. Cellular grew 4% year-over-year to $965 million, driven by a 90% increase in equipment sales revenues. Operating cash flow more than doubled to $167 million.
- TDS Telecom saw total operating revenues increase 7% to $280 million due to strong growth at TDS Cable from increased video, broadband, and voice connections. Adjusted EBITDA grew 10% to nearly $80 million.
- For 2015, U.S. Cellular increased guidance for operating cash flow to a range of $400-500 million and adjusted EBITDA
The acquisition of a European data center portfolio from Equinix is expected to close later in 2016 pending regulatory approval. However, there is no assurance the acquisition will be completed as planned or at all. Investors should review the risks related to the proposed acquisition described in Digital Realty's Form 8-K filing from May 2016.
TDS Telecom reported third quarter 2017 results with the following highlights:
- Total operating revenues were $285 million, down 1% year-over-year.
- Wireline revenues grew 2% driven by growth in IPTV and residential revenue per connection.
- Cable revenues increased 12% from broadband growth of 10%.
- Hosted and Managed Services revenues declined 18% from lower hardware installation spending.
- Adjusted EBITDA was $80 million, up 14% year-over-year, driven by growth in Wireline and Cable offset by declines in Hosted and Managed Services.
- The investor presentation covered the company's performance in the third quarter of 2015, reporting year-over-year increases in key metrics such as cable/satellite homes (+34%), mobile net sales (+46%), and online net sales. Net sales increased 3% overall.
- Additional highlights included a 4% increase in average purchase frequency, a 230 basis point decrease in return rates, and a 7% increase in units shipped.
- Financial results showed growth in net sales but a decrease in operating income and net income compared to the same period the previous year.
Większość motywów WordPress jest zintegrowana z wtyczką WooCommerce. Czasem jednak domyślna zawartość WooCommerce nie pasuje do wybranego motywu, układ strony zostaje zburzony.
Co zrobić, aby nadal móc używać wybranego motywu WordPressa?
O documento descreve as etapas da respiração celular, começando pela glicólise no citoplasma, onde a glicose é quebrada em piruvato com produção de ATP e NADH. O piruvato entra na mitocôndria se houver oxigênio. Lá ocorrem o ciclo de Krebs e a fosforilação oxidativa, onde o NADH produzido é oxidado na cadeia transportadora de elétrons da membrana mitocondrial, gerando energia na forma de mais ATP. Ao final, a respira
O documento resume as principais características do filo Annelida, incluindo suas 3 classes principais (Oligochaeta, Hirudinea e Polychaeta), estruturas como cerdas e clitelo, e sistemas como digestório, circulatório e reprodutivo.
Bradley Peters is the National Sales Manager at JP Insurance Corporation in the Southeast US. Over the past decade, the turnover rate for JP's salespeople has increased from 20% to over 50% annually, costing the company over $5 million per year. Peters is considering partnering with independent sales agents located in all of JP's current sales areas to reduce costs, but this would likely make JP's current salespeople unhappy.
O documento apresenta uma aula sobre o reino animal. Ele discute a definição e diversidade dos animais, listando nove filos principais, incluindo as relações filogenéticas clássicas e atuais entre eles. O documento também compara embriologia entre os filos.
- Level 3 reported third quarter 2015 results on October 28, 2015
- Key highlights included year-over-year CNS enterprise revenue growth of 8.3% in North America and adjusted EBITDA of $657 million
- The company updated its full-year 2015 adjusted EBITDA growth outlook to 15-17% compared to previous outlook of 14-17%
BGC Partners reported financial results for the third quarter of 2015. Revenues increased 55.8% to $700.9 million compared to the third quarter of 2014, driven by the acquisition of GFI Group. Pre-tax distributable earnings were up 33.9% to $88.1 million. The fully electronic division, FENICS, saw revenues increase 142% and pre-tax earnings rise 82% over the prior year. BGC maintained a diverse revenue base across its business segments and geographies.
Kenneth R. Meyers, President and CEO of the company, addressed shareholders at the annual meeting. He discussed strategic priorities for 2016, which included adding customers through network investments and competitive plans, growing revenues through increased smartphone penetration and new services, managing costs through subsidy programs, and investing in spectrum and infrastructure to ensure future growth. Meyers thanked associates for their excellence and shareholders for their ongoing support.
- Level 3 reported second quarter 2015 results on July 29, 2015
- Core Network Services revenue grew 5.4% year-over-year on a constant currency basis
- Adjusted EBITDA grew to $665 million with a margin of 32.3%
- The company generated $102 million in free cash flow and reduced annualized interest expenses through capital markets transactions
U.S. Cellular reported its second quarter 2014 results, with key highlights including:
- Postpaid net customer losses improved to 26,000 compared to 53,000 in Q2 2013.
- Postpaid ARPU increased 4% year-over-year to $56.82.
- Adjusted income before taxes for U.S. Cellular was $122 million, lower than $191 million in Q2 2013, due primarily to higher equipment losses.
- TDS Telecom adjusted income before taxes grew 18% year-over-year to $73 million, driven by growth in its Hosted and Managed Services segment.
This document summarizes Sprint's fiscal year 2015 results, highlighting key financial metrics and operational achievements. Some of the key points include:
- Sprint generated positive operating income for the first time in nine years, driven by consistent quarterly revenues and ongoing cost reductions.
- Postpaid phone net additions of over 1.2 million were the highest in three years and an improvement of nearly 2 million year-over-year.
- Sprint achieved its best-ever postpaid churn and postpaid phone churn for a fiscal year.
- Sprint has $11 billion in committed liquidity following successful financing transactions to fund devices and network improvements.
1) The company introduced 40 new brands in Q3 2018, achieving strong growth in subscriptions of 13% and growing digital and mobile sales.
2) Financially, net sales were $131.7 million in Q3 2018, adjusted EBITDA was a loss of $4.2 million, and EPS was a loss of $0.14.
3) Digitally, digital sales reached 51.9% of total sales and mobile sales reached 55.4% of digital sales, both growing compared to the prior year.
U.S. Cellular reported its second quarter 2013 results. Key highlights include:
- Service revenues for core markets were $865.7 million, down slightly from the previous year. Postpaid customer losses were 53,000 for the quarter.
- Total company operating income was $219.1 million, up significantly from the previous year due to gains from divesting assets. Adjusted pre-tax income was $209.5 million.
- Guidance for 2013 expects service revenues between $3.615-3.715 billion and adjusted pre-tax income between $600-700 million. Capital expenditures are expected to be $735 million.
- U.S. Cellular
- Cisco held a Q1 FY2016 conference call to discuss financial results and business trends.
- Revenue grew 4% year-over-year to $12.7 billion. Non-GAAP earnings per share grew 9% to $0.59.
- Cisco is making investments to drive growth in cloud, software, and new markets while maintaining profitability.
- Guidance for Q2 FY2016 expects revenue growth of 3-5% year-over-year.
- Revenue and EPS results for the second quarter of 2017 were in line with expectations, positioning the company for growth in the second half of the fiscal year.
- The company recently reached agreements to launch its HD broadcast signal in over 10 million new homes over the next 6 months.
- Efforts to rebuild the Home category showed early success, with 9% revenue growth in that segment during the second quarter compared to the prior year.
- Investments in mobile and fulfillment capabilities helped drive a 5% increase in purchase frequency and mobile sales growing to 49.4% of digital sales, up from 47.9% last year.
The document provides financial results for U.S. Cellular and TDS Telecom for the second quarter of 2018. Some key highlights:
- Total operating revenues for U.S. Cellular increased 1% year-over-year to $974 million. Adjusted OIBDA increased 26% to $205 million.
- Wireline revenues declined 4% to $174 million due to declines in commercial and wholesale revenues. Adjusted EBITDA declined 12% to $59 million.
- Cable revenues grew 12% to $57 million driven by a 14% increase in broadband connections. Adjusted EBITDA increased 10% to $16 million.
- TDS Telecom's total
First quarter 2015 financial results for TDS and U.S. Cellular:
- Total operating revenues for U.S. Cellular grew 4% year-over-year to $965 million, driven by a 90% increase in equipment sales revenues. Operating cash flow more than doubled to $167 million.
- TDS Telecom saw total operating revenues increase 7% to $280 million due to strong growth at TDS Cable from increased video, broadband, and voice connections. Adjusted EBITDA grew 10% to nearly $80 million.
- For 2015, U.S. Cellular increased guidance for operating cash flow to a range of $400-500 million and adjusted EBITDA
The acquisition of a European data center portfolio from Equinix is expected to close later in 2016 pending regulatory approval. However, there is no assurance the acquisition will be completed as planned or at all. Investors should review the risks related to the proposed acquisition described in Digital Realty's Form 8-K filing from May 2016.
TDS Telecom reported third quarter 2017 results with the following highlights:
- Total operating revenues were $285 million, down 1% year-over-year.
- Wireline revenues grew 2% driven by growth in IPTV and residential revenue per connection.
- Cable revenues increased 12% from broadband growth of 10%.
- Hosted and Managed Services revenues declined 18% from lower hardware installation spending.
- Adjusted EBITDA was $80 million, up 14% year-over-year, driven by growth in Wireline and Cable offset by declines in Hosted and Managed Services.
- The investor presentation covered the company's performance in the third quarter of 2015, reporting year-over-year increases in key metrics such as cable/satellite homes (+34%), mobile net sales (+46%), and online net sales. Net sales increased 3% overall.
- Additional highlights included a 4% increase in average purchase frequency, a 230 basis point decrease in return rates, and a 7% increase in units shipped.
- Financial results showed growth in net sales but a decrease in operating income and net income compared to the same period the previous year.
Większość motywów WordPress jest zintegrowana z wtyczką WooCommerce. Czasem jednak domyślna zawartość WooCommerce nie pasuje do wybranego motywu, układ strony zostaje zburzony.
Co zrobić, aby nadal móc używać wybranego motywu WordPressa?
O documento descreve as etapas da respiração celular, começando pela glicólise no citoplasma, onde a glicose é quebrada em piruvato com produção de ATP e NADH. O piruvato entra na mitocôndria se houver oxigênio. Lá ocorrem o ciclo de Krebs e a fosforilação oxidativa, onde o NADH produzido é oxidado na cadeia transportadora de elétrons da membrana mitocondrial, gerando energia na forma de mais ATP. Ao final, a respira
O documento resume as principais características do filo Annelida, incluindo suas 3 classes principais (Oligochaeta, Hirudinea e Polychaeta), estruturas como cerdas e clitelo, e sistemas como digestório, circulatório e reprodutivo.
Bradley Peters is the National Sales Manager at JP Insurance Corporation in the Southeast US. Over the past decade, the turnover rate for JP's salespeople has increased from 20% to over 50% annually, costing the company over $5 million per year. Peters is considering partnering with independent sales agents located in all of JP's current sales areas to reduce costs, but this would likely make JP's current salespeople unhappy.
O documento apresenta uma aula sobre o reino animal. Ele discute a definição e diversidade dos animais, listando nove filos principais, incluindo as relações filogenéticas clássicas e atuais entre eles. O documento também compara embriologia entre os filos.
O documento resume as principais características do filo Annelida, incluindo suas 3 classes principais (Oligochaeta, Hirudinea e Polychaeta), estruturas como cerdas e clitelo, e sistemas como digestório, circulatório, respiratório, excretor e reprodutivo. É dado ênfase à importância das minhocas no ciclo de nutrientes e à utilização terapêutica de sanguessugas.
O documento discute escalas microscópicas e apresenta exemplos históricos e atuais de microscópios. Resume as principais informações sobre: 1) A observação pioneira de Leeuwenhoek de animáculos em gotas d'água e espermatozóides; 2) A descoberta de Hooke da estrutura celular ao observar cortiça no microscópio; 3) Os limites da luz visível para microscopia e o desenvolvimento dos microscópios eletrônicos para ultrapassar essa barreira.
O documento discute os ciclos biogeoquímicos da água, fósforo, nitrogênio e carbono, e como as atividades humanas têm alterado o ciclo do carbono através da queima de combustíveis fósseis, liberando CO2 na atmosfera e causando o aquecimento global. O documento também descreve os possíveis efeitos do aquecimento global, como aumento do nível do mar e eventos climáticos extremos.
O documento discute os mecanismos de transporte através da membrana plasmática, incluindo difusão simples e facilitada, transporte ativo, osmose e endocitose/exocitose. A membrana é seletivamente permeável e controla o que entra e sai da célula através desses diferentes mecanismos.
O documento descreve os principais tecidos vegetais e as metodologias para estudá-los, incluindo cortes finos, uso de corantes e observação microscópica. Aborda os tecidos de condução como xilema e floema, tecidos de sustentação como esclerênquima e colênquima, e tecidos meristemáticos responsáveis pelo crescimento das plantas.
O documento descreve o sistema endócrino, incluindo os principais hormônios e glândulas, como a hipófise, tireóide e gônadas. Explica como os hormônios regulam processos como o ciclo menstrual, a gravidez e a glicose no sangue.
O documento apresenta o plano de aula de um curso introdutório de biologia. Ele descreve as cinco principais áreas da biologia que serão estudadas - botânica, ecologia, fisiologia, genética e zoologia - e lista os 20 temas que serão abordados no primeiro semestre, incluindo a estrutura celular, respiração, fotossíntese e sistemas reprodutivos.
O documento discute os principais conceitos de bioquímica celular, incluindo representações de moléculas orgânicas, funções químicas, ligações entre carboidratos, aminoácidos e ácidos graxos. Explica como o carbono forma cadeias e diferentes representações de moléculas, assim como funções como álcool, ácido carboxílico e anéis aromáticos.
Mr. K. Purushothaman has over 1.7 years of experience in oil and gas piping engineering. He holds a B.E. in Mechanical Engineering with 79.99% from Saranathan College of Engineering. His experience includes material take-off checking, ISO-metric verification, and updating design changes from 60% to 90% project reviews while working on the ZADCO Upper Zakum 750 Islands project. He is proficient in AutoCAD, CAESER II, PDMS, Autodesk Naviswork, and Smart Plant Review. He aims to apply his engineering skills for organizational improvement while gaining experience.
Tds and us cellular q1 2014 earnings presentationUSCellular
- TDS reported first quarter 2014 results with key highlights including share repurchases, monetization of non-core spectrum, and a non-core tower sale.
- U.S. Cellular's first quarter results showed a focus on driving subscriber growth through network quality and devices, reducing churn, and driving revenue growth through smartphone adoption and data usage. However, postpaid net losses increased compared to last year.
- TDS Telecom revenues grew 21% year-over-year led by a 77% increase in HMS revenues, though Wireline revenues declined slightly. Adjusted income before taxes for TDS Telecom increased 26% compared to last year.
The document provides an overview of TDS Telecom's fourth quarter 2016 results and strategic priorities for 2017. Key points include:
- 2016 results showed revenue impacts from competition but improvements in churn. Adjusted EBITDA was up 4% excluding discrete items.
- 2017 priorities are protecting the customer base, driving high margin revenue streams, and continuing cost improvements. Investments will focus on network quality and preparing for VoLTE deployment.
- Guidance for 2017 estimates total operating revenues of $3.8-4 billion and adjusted EBITDA of $650-800 million.
The document summarizes the annual meeting of shareholders for TDS on May 24, 2018. It includes a safe harbor statement, the company's mission, an overview of TDS as a diversified communications company, highlights of its capital allocation strategy which focuses 75% on investing in the business and 25% on returning value to shareholders, a summary of U.S. Cellular's successes in 2017 and strategic priorities for 2018 which include attracting new customers, generating revenue growth, and driving cost reductions, an overview of TDS Telecom's accomplishments in 2017 and strategic priorities for 2018, and a summary stating TDS companies are focused on outstanding customer experiences and generating profitable growth through excellent networks and services.
- U.S. Cellular reported a net loss of $45.4 million for Q4 2013 compared to adjusted income before taxes of $153.6 million in Q4 2012.
- Key priorities for 2014 include driving subscriber growth, differentiating through value propositions, and focusing on equipment subsidies and cost management.
- TDS Telecom revenues increased 23% year-over-year to $271.9 million in Q4 2013 due to growth from cable and hosted/managed services acquisitions.
- U.S. Cellular reported a net loss of $45.4 million for Q4 2013 compared to adjusted income before taxes of $153.6 million in Q4 2012.
- Key priorities for 2014 include driving subscriber growth, differentiating through value propositions, and focusing on equipment subsidies and cost management.
- TDS Telecom revenues increased 23% year-over-year to $271.9 million in Q4 2013 due to growth in cable and hosted/managed services revenues.
- U.S. Cellular reported higher gross additions and lower churn in Q2 2016 compared to Q2 2015, resulting in postpaid net additions of 36,000 vs. 17,000 in the prior year.
- Total operating revenues were flat at $980 million due to an 8% decline in service revenues offset by a 44% increase in equipment sales revenues.
- Adjusted EBITDA increased 5% to $218 million driven by growth in operating cash flow and equity in earnings of unconsolidated entities.
- Guidance for 2016 remains unchanged with total operating revenues of $3.9-4.1 billion and adjusted EBITDA of $725-850 million expected.
- U.S. Cellular reported second quarter results, with total operating revenues of $957.8 million compared to $951 million in the prior year. However, net income attributable to shareholders was -$18.8 million compared to $143.4 million previously.
- Key priorities include driving postpaid subscriber growth through improved network and devices, reducing churn, and increasing smartphone penetration and data usage to boost ARPU. U.S. Cellular also aims to return value to shareholders through stock repurchases and dividends.
- For 2014, total company guidance projects total operating revenues of $3.9-4 billion and adjusted income before taxes of $350-450 million. Capital expenditures are forecast at $
- The document provides financial results for the fourth quarter of 2014 and strategic priorities and guidance for 2015 for a company.
- Key highlights from 2014 include postpaid subscriber growth, improved billing systems, and launching popular devices. Strategic priorities for 2015 include driving further subscriber and revenue growth while reducing costs.
- Financial guidance for 2015 estimates total operating revenues between $4.0-4.2 billion and adjusted EBITDA between $530-630 million.
- The document provides financial results for the fourth quarter of 2014 and strategic priorities and guidance for 2015 for a telecommunications company.
- Key metrics for Q4 2014 include postpaid subscriber growth, increased smartphone penetration, and reduced churn rates compared to Q4 2013.
- Strategic priorities for 2015 are outlined as driving subscriber growth, increasing revenue through data monetization, reducing costs, and maintaining network quality. Financial guidance for 2015 projects total operating revenue of $4.0-4.2 billion and adjusted EBITDA of $530-630 million.
- The document provides financial results for the fourth quarter of 2014 and strategic priorities and guidance for 2015 for a telecommunications company.
- Key metrics for Q4 2014 include postpaid subscriber growth, increased smartphone penetration, and reduced churn rates compared to Q4 2013.
- Strategic priorities for 2015 are outlined as driving further subscriber and revenue growth, reducing costs, and differentiating through the company's value proposition. Financial guidance for 2015 projects increased total operating revenues and operating cash flow compared to 2014 actual results.
U.S. Cellular reported fourth quarter 2017 results. Key accomplishments in 2017 included protecting and growing the customer base, driving high margin revenue streams, and continuing to enhance the network advantage. Strategic priorities for 2018 include protecting the subscriber base, driving revenue growth through new products and services, and capitalizing on opportunities in the SMB/government sector. Fourth quarter highlights included growth in postpaid and prepaid connections, increases in Adjusted OIBDA and Adjusted EBITDA, and benefits related to the Tax Act. Guidance for 2018 estimates total operating revenues between $3.85-$4.05 billion and Adjusted EBITDA between $765-$915 million.
This document provides a summary of a 2016 Southwest IDEAS Investor Conference presentation by TDS Telecom and U.S. Cellular. It begins with a safe harbor statement noting that forward-looking statements in the presentation involve risks and uncertainties that could cause actual results to differ. The presentation then provides an overview of TDS Telecom and U.S. Cellular, their operations, strategic priorities, and financial performance. It discusses their focus on customer growth, revenue growth, data monetization, reducing costs and increasing margins. The presentation concludes with discussions of TDS' balanced capital allocation strategy and conservative financial position.
The document provides a summary of third quarter 2016 results for U.S. Cellular and TDS Telecom. Key highlights include:
- U.S. Cellular had 61,000 retail net additions but postpaid net losses of 6,000 due to lower gross additions impacted by device availability issues. Service revenues and ARPU declined year-over-year.
- TDS Telecom segments saw growth in IPTV and broadband connections for Wireline and broadband connections for Cable. Hosted and Managed Services revenues declined due to lower equipment sales.
- Guidance for full year 2016 remains unchanged with estimated total operating revenues of $3.9-4.1 billion for U.S. Cell
- U.S. Cellular reported first quarter 2016 results with highlights including growth in postpaid customers and net additions, higher equipment revenue driven by increased smartphone sales and adoption of equipment installment plans, and continued improvements in churn and operating expenses.
- Service revenues declined year-over-year due to competitive pricing pressures offsetting customer and data growth. Equipment sales revenues increased significantly.
- TDS Telecom wireline, cable, and hosted and managed services businesses also reported results, with the wireline unit focusing on fiber deployment and cable growing broadband customers.
- The document reports on the third quarter 2017 results and provides guidance for full year 2017 results for TDS Telecom and U.S. Cellular.
- It summarizes key metrics such as total operating revenues, adjusted OIBDA, capital expenditures, and customer connections.
- It notes that U.S. Cellular and HMS management revised long-range forecasts, triggering goodwill impairment losses totaling $262 million for TDS and $370 million for U.S. Cellular.
The document provides a summary of a company's first quarter 2014 results. It reports that postpaid gross additions were up 12% year-over-year, while postpaid churn and net losses improved. It also notes increases in smartphone penetration, postpaid ARPU, and service revenues. Adjusted income before taxes for the core markets was $115.3 million, down from $173.6 million in the prior year.
First quarter 2017 financial results and strategic priorities for TDS and its subsidiaries U.S. Cellular and TDS Telecom.
Key highlights include:
- U.S. Cellular reduced postpaid handset churn to 1.08%, launched new unlimited plans, and saw adjusted EBITDA rise 11%.
- TDS Telecom grew revenues across wireline, cable, and hosted/managed services segments and increased adjusted EBITDA 13%.
- Guidance for 2017 remains unchanged with goals of growing revenues, operating cash flow, and adjusted EBITDA for both companies.
- TDS Telecommunications reported first quarter 2018 results, with highlights including growth in total operating revenues, reductions in cash expenses, and increases in adjusted OIBDA and adjusted EBITDA compared to first quarter 2017.
- At U.S. Cellular, postpaid net additions improved significantly compared to the same period last year, driven by growth in postpaid handset additions. Total operating revenues increased slightly year-over-year.
- TDS Telecom saw 1% growth in total operating revenues due to a 12% increase in cable revenues, offset by a 2% decline in wireline revenues. Adjusted EBITDA declined slightly by 1% compared to first quarter 2017.
The document provides an overview of the company's second quarter 2017 results. It summarizes that postpaid handset growth and reduced churn led to 23,000 postpaid net additions. Average revenue and billings per user declined year-over-year. Adjusted OIBDA decreased 9% to $163 million due to lower service revenues and equipment sales, partially offset by lower expenses. Guidance for 2017 remains unchanged with estimated revenues of $3.8-4 billion and adjusted OIBDA of $550-650 million.
Juniper Networks reported its financial results for Q1 2013. Key highlights include:
- Revenue increased 3% year-over-year to $1.059 billion, though declined 7% quarter-over-quarter.
- Non-GAAP operating margin was 15.7%, up from 12% in Q1 2012.
- Non-GAAP diluted EPS was $0.24 per share, up from $0.16 in Q1 2012.
- For Q2 2013, the company expects revenue between $1.07-$1.1 billion and non-GAAP EPS between $0.22-$0.26.
UnityNet World Environment Day Abraham Project 2024 Press ReleaseLHelferty
June 12, 2024 UnityNet International (#UNI) World Environment Day Abraham Project 2024 Press Release from Markham / Mississauga, Ontario in the, Greater Tkaronto Bioregion, Canada in the North American Great Lakes Watersheds of North America (Turtle Island).
ZKsync airdrop of 3.6 billion ZK tokens is scheduled by ZKsync for next week.pdfSOFTTECHHUB
The world of blockchain and decentralized technologies is about to witness a groundbreaking event. ZKsync, the pioneering Ethereum Layer 2 network, has announced the highly anticipated airdrop of its native token, ZK. This move marks a significant milestone in the protocol's journey, empowering the community to take the reins and shape the future of this revolutionary ecosystem.
The E-Way Bill revolutionizes logistics by digitizing the documentation of goods transport, ensuring transparency, tax compliance, and streamlined processes. This mandatory, electronic system reduces delays, enhances accountability, and combats tax evasion, benefiting businesses and authorities alike. Embrace the E-Way Bill for efficient, reliable transportation operations.
World economy charts case study presented by a Big 4
World economy charts case study presented by a Big 4
World economy charts case
World economy charts case study presented by a Big 4
World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4
World economy charts case study presented by a Big 4
World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4study presented by a Big 4
Methanex is the world's largest producer and supplier of methanol. We create value through our leadership in the global production, marketing and delivery of methanol to customers. View our latest Investor Presentation for more details.
Cleades Robinson, a respected leader in Philadelphia's police force, is known for his diplomatic and tactful approach, fostering a strong community rapport.
1. February 19, 2016
Fourth Quarter 2015 Results,
2015 Accomplishments and
2016 Strategic Priorities and
Guidance
2. Safe Harbor Statement Under the Private
Securities Litigation Reform Act of 1995
All information set forth in this presentation, except historical and factual information,
represents forward-looking statements. This includes all statements about the company’s
plans, beliefs, estimates, and expectations. These statements are based on current
estimates, projections, and assumptions, which involve certain risks and uncertainties that
could cause actual results to differ materially from those in the forward-looking statements.
Important factors that may affect these forward-looking statements include, but are not
limited to: intense competition; the ability to execute TDS’ business strategy; uncertainties
in TDS’ future cash flows and liquidity and access to the capital markets; the ability to make
payments on TDS and U.S. Cellular indebtedness or comply with the terms of debt
covenants; impacts of any pending acquisitions/divestures/exchanges of properties and/or
licenses, including, but not limited to, the ability to obtain regulatory approvals,
successfully complete the transactions and the financial impacts of such transactions; the
ability of the company to successfully manage and grow its markets; the overall economy;
the access to and pricing of unbundled network elements; the ability to obtain or maintain
roaming arrangements with other carriers on acceptable terms; the state and federal
telecommunications regulatory environment; the value of assets and investments; adverse
changes in the ratings afforded TDS and U.S. Cellular debt securities by accredited ratings
organizations; industry consolidation; advances in telecommunications technology; pending
and future litigation; changes in income tax rates, laws, regulations or rulings; changes in
customer growth rates, average monthly revenue per user, churn rates, roaming revenue
and terms, the availability of wireless devices, or the mix of products and services offered
by U.S. Cellular and TDS Telecom. Investors are encouraged to consider these and other
risks and uncertainties that are discussed in documents furnished to the Securities and
Exchange Commission (“SEC”).
2
3. Upcoming conferences
• 3/2/16 – Morgan Stanley Technology, Media and Telecom Conference
(San Francisco)
• 3/7/16 – Deutsche Bank 2016 Media, Internet & Telecom Conference
(Palm Beach, Florida)
• 3/8/16 – Raymond James 2016 Institutional Investors Conference
(Orlando)
3
4. TDS – Executing on Strategic Imperatives
• Executing strategies to build long-term shareholder value:
• Invest in our business to improve returns
• Network and IT investments improving competitive position
• Disciplined buyer of cable assets – no acquisitions identified in
2015 that met our investment criteria
• Return value to shareholders
• Increased 2016 dividend 5% -- 42nd year of dividend increases
• No TDS share repurchase in 2015
• Since capital allocation ratio was announced mid-2013, $581 million
invested, $196 million returned to shareholders
• Support growth initiatives through sound and disciplined financing
strategies
• USM debt shelf will be replenished back to $500 million
• Bonus depreciation aids cash flow
4
5.
6. 2015: Positioning for success
• Customer growth
• Decline in switching activity drives fewer gross additions
• Significant improvement in churn evidence of high customer satisfaction
• Strong Network
• Completed roll-out of 4G LTE network, covering 99% of our customer
base; 83% of our data traffic on this network
• Ongoing VoLTE user trials
• Multiple 4G LTE roaming agreements signed and customer rollout
underway
• Competitive product and service offerings
• Strong device portfolio
• Successful EIP offerings
• Substantial OCF growth
• Tight cost controls
• Reward points
• Lower gross additions and upgrades = lower transactional expenses
6
7. Strategic priorities for 2016
• Drive customer growth
• Grow revenues through customer growth, smartphone adoption and
data monetization
• Reduce unit costs
• Manage investments
7
8. Drive customer growth
• Increase gross additions with
• “best value in wireless”
• high-network quality
• strong device portfolio
• continued expansion of equipment offerings
• win-back programs
• SMB/local government focus
• targeted promotions
• Maintain low churn
8
9. Drive revenue growth
• Grow customer base
• Increase smartphone penetration
• Monetization of growing data usage
• Continue penetration of Shared Connect plans
• Connected devices; increase number of devices per account
• High margin revenue streams
• Device protection plans
• Accessory sales
• Competitive pricing environment is a headwind to revenue growth
9
10. Margin and investments
• Trade-off between customer acquisition and margin
• Manage Loss on Equipment
• Longer upgrade cycle
• Reduce unit costs
• Capital expenditures lower with completion of 4G LTE deployment
10
15. Postpaid revenue
Q4’15 Q4’14
%
Change
Average Revenue Per User $51.46 $56.51 (9%)
Add: EIP billings 7.11 2.62 >100%
Average Billings Per User $58.57 $59.13 (1%)
Average Revenue Per Account $131.96 $136.13 (3%)
Add: EIP billings 18.23 6.31 >100%
Average Billings Per Account $150.19 $142.44 5%
15
16. Total operating revenues
($ in millions)
Q4 ̕15 Q4 ̕14 % Change
Service revenues $ 802 $ 850 (6%)
Retail service 716 758 (6%)
Roaming 43 50 (13%)
Tower rentals (1) 14 15 (9%)
Other 29 27 8%
Equipment sales revenues 185 159 16%
Total operating revenues $ 987 $1,009 (2%)
(1) On a comparable basis excluding divested towers, tower rentals increased 12%
16
17. Operating cash flow and income
($ in millions)
Q4 ̕15 Q4 ̕14
%
Change
Total operating revenues $ 987 $1,009 (2%)
System operations expense 189 202 (7%)
Cost of equipment sold 274 342 (20%)
SG&A expenses 387 395 (2%)
Total cash expenses 850 939 (10%)
Operating cash flow(1) 137 69 98%
Depreciation, amortization and accretion 156 141 11%
Operating income (loss) (excluding gains, losses)(1) $(19) $(72) 73%
(1) Operating cash flow and operating income (excluding gains, losses) are non-GAAP financial measures that are defined in
the non-GAAP reconciliation at the end of the presentation
17
18. Adjusted EBITDA
($ in millions) Q4 ̕15 Q4 ̕14 % Change
Operating cash flow(1) $137 $ 69 98%
Equity in earnings of
unconsolidated entities
30 24 29%
Interest and dividend income 11 6 72%
Adjusted EBITDA(1) $178 $ 99 80%
(1) Operating cash flow and Adjusted EBITDA are non-GAAP financial measures that are defined in the non-
GAAP reconciliation at the end of the presentation
18
19. Full Year Results
($ in millions) 2015 2014 % Change
Total operating revenues $3,997 $3,893 3%
Operating cash flow(1) 675 338 100%
Operating income (loss)(excluding gains, losses)(1) 69 (268) >100%
Adjusted EBITDA(1) $852 $480 77%
(1) Operating cash flow, Operating income (excluding gains, losses) and Adjusted EBITDA are non-GAAP financial
measures that are defined in the non-GAAP reconciliation at the end of the presentation
19
20. 2016 guidance(1)
(as of 2/19/16)
(in millions) 2015 Estimates(2)
2015 As
Reported
(2)
2015
(Excluding
rewards
impact)(3)
2016 Estimates
(Current)
Total operating
revenues
Approx. $4,000 $3,997 $3,939 $3,900 - $4,100
Operating cash flow(4) $540 - $620 $675 $617 $525 - $650
Adjusted EBITDA(4) $710 - $790 $852 $794 $725 - $850
Capital expenditures Approx. $600 $533 $533 Approx. $500
(1) There can be no assurance that final results will not differ materially from estimated results.
(2) Includes $58 million related to termination of the rewards program
(3) Total operating revenues, Operating cash flow and Adjusted EBITDA (Excluding Rewards Impact), are non-GAAP
financial measures and represent Total operating revenues, Operating cash flow and Adjusted EBITDA,
respectively, less the $58 million impact of the termination of the rewards program in 2015. U.S. Cellular
believes that such measures are useful to show such the impact of the termination of the rewards program on
such measures.
(4) Operating cash flow and Adjusted EBITDA are non-GAAP financial measures that are defined in the non-GAAP
reconciliation at the end of the presentation.
20
22. 2015: Positioning for success
• Wireline
• Strong Fiber/IPTV results; TDS TV in 27 markets covering 23% of
service addresses
• Strong ARPUs
• Legacy voice lines – losses moderating
• Cable
• Total residential connections growth of 6%
• Broadband penetration increasing
• Product quality improvements at former Baja markets; rebranded
as TDS
• HMS
• Strong equipment revenue growth
• Recurring service revenue growth still below expectations
• Productivity and cost control initiatives
22
23. 2016 strategic priorities
• Wireline
• Complete targeted fiber deployment; increase broadband and
IPTV penetration in existing markets
• Potential for CAF II funding
• Capital intensity declines
• Cable
• Increase residential and commercial broadband customer
connections
• Leverage Wireline capabilities to create additional synergies
• Continue to evaluate potential acquisitions
• Hosted and Managed Services
• Focus on growth of recurring service revenues
• Sell across entire portfolio
• Utilize new data center capacity
23
24. TDS Telecom operating performance
($ in millions) Q4 ̕15 Q4 ̕14 % Change
Wireline $174 $180 (4%)
Cable 43 43 ---
HMS 69 60 14%
Total operating revenues(1) 284 282 1%
Expenses(1)(2) 214 206 4%
Adjusted EBITDA(3) $71 $77 (8%)
(1) Reflects intercompany eliminations.
(2) Represents cost of products and services and selling, general and administrative expenses.
(3) Adjusted EBITDA is a non-GAAP financial measure that is defined in the non-GAAP reconciliation at the end of
the presentation.
24
25. Wireline operating performance
($ in millions) Q4 ̕15 Q4 ̕14 % Change
Residential $73 $74 (1%)
Commercial 54 57 (4%)
Wholesale 46 49 (6%)
Total service revenues 173 180 (4%)
Expenses(1) 116 114 2%
Adjusted EBITDA(2) $59 $67 (13%)
(1) Represents cost of products and services and selling, general and administrative expenses.
(2) Adjusted EBITDA is a non-GAAP financial measure that is defined in the non-GAAP reconciliation at the end of
the presentation.
25
27. Cable snapshot
12/31/15 12/31/14
%
Change
Video 106,800 110,300 (3%)
Broadband 117,100 110,900 6%
Voice 56,400 46,000 23%
Total cable
connections
280,300 267,300 5%
Industry
9/30/15
TDS Cable
12/31/15
Video 40% 33%
Broadband 44% 36%
Voice 22% 17%
(1) Represents cost of products and services and selling, general and administrative expenses.
(2) Adjusted EBITDA is a non-GAAP financial measure that is defined in the non-GAAP reconciliation at the end of
the presentation.
($ in millions) Q4 ̕15 Q4 ̕14
%
Change
Total operating revenues $43 $43 --
Expenses(1) 32 33 (1%)
Adjusted EBITDA(2) $10 $11 --
Connections Operating Performance
Penetration
27
28. Hosted and Managed Services
operating performance
($ in millions) Q4 ̕15 Q4 ̕14 % Change
Service revenues $29 $27 6%
Equipment revenues 40 33 21%
Total operating revenues 69 60 14%
Expenses(1) 67 61 10%
Adjusted EBITDA(2) $1 $(1) >100%
(1) Represents cost of products and services and selling, general and administrative expenses.
(2) Adjusted EBITDA is a non-GAAP financial measure that is defined in the non-GAAP reconciliation at the end
of the presentation.
28
29. Full Year Results
($ in millions) 2015 2014 % Change
Wireline $ 701 $ 716 (2%)
Cable 175 117 50%
HMS 287 259 11%
Total operating revenues(1) 1,158 1,088 6%
Adjusted EBITDA(2) 306 298 3%
Capital Expenditures $ 219 $ 208 5%
(1) Reflects intercompany eliminations
(2) Adjusted EBITDA is a non-GAAP financial measure that is defined in the non-GAAP reconciliation at the end of
the presentation
29
30. 2016 TDS Telecom guidance(1)
(as of 2/19/16)
($ in millions)
2015 Estimate 2015
Actual
2016 Estimates
(Current)
Total operating revenues $1,130 - $1,180 $1,158 $1,130 - $1,180
Operating cash flow(2) $280 - $310 $304 $270 - $310
Adjusted EBITDA(2) $280 - $310 $306 $270 - $310
Capital expenditures Approx. $220 $219 Approx. $180
(1) There can be no assurance that final results will not differ materially from such estimated results.
(2) Operating cash flow and Adjusted EBITDA are non-GAAP financial measures that are defined in the non-
GAAP reconciliation at the end of the presentation.
30
32. Operating Cash Flow and Adjusted EBITDA
Reconciliation – Q4 2015 and Q4 2014 Actual Results
Actual Results
Three months ended Dec. 31, 2015 Three months ended Dec. 31, 2014
U.S.
Cellular Wireline Cable HMS
Total
TDS
Telecom TDS (2)
U.S.
Cellular Wireline Cable HMS
Total
TDS
Telecom TDS (2)
($ in millions)
Net income (loss) (GAAP) (3) 12 (1) (4) 8 (2) (22) 5 1 6 12 (21)
Add back:
Income tax expense (benefit) (5) 10 1 (3) 8 (7) (13) 19 --- (14) 5 (12)
Income (loss) before income taxes
(GAAP) ($8) $22 --- ($7) $16 ($9) ($35) $24 $1 ($8) $17 ($33)
Add back:
Interest expense 25 --- --- 1 --- 39 15 (1) --- --- --- 28
Depreciation, amortization and
accretion expense 156 41 9 7 58 216 141 43 9 7 58 202
EBITDA $174 $64 $9 $1 $74 $246 $121 $68 $9 ($1) $76 $196
Add back:
Loss on impairment of assets --- --- --- --- --- --- --- --- --- --- --- 4
(Gain) loss on assets disposals,
net 4 2 1 --- 3 7 5 1 1 --- 2 7
(Gain) loss on sale of business and
other exit costs, net --- (6) --- --- (6) (6) (5) --- --- --- --- (7)
(Gain) loss on license sales and
exchanges, net --- --- --- --- --- --- (22) --- --- --- --- (22)
Adjusted EBITDA (3) $178 $59 $10 $1 $71 $247 $99 $68 $11 ($1) $78 $179
Deduct:
Equity in earnings of
unconsolidated entities 30 --- --- --- --- 30 24 --- --- --- --- 24
Interest and dividend income 11 1 --- --- --- 11 6 1 --- --- --- 7
Operating cash flow (3)(4) $137 $59 $10 $1 $71 $206 $69 $67 $11 ($1) $77 $148
Deduct:
Depreciation,
amortization and
accretion expense 156 141
Operating income (loss) (excluding
gains, losses) ($19) ($72)
(2) (3) (4) – see notes at the end of this presentation
32
33. Operating Cash Flow and Adjusted EBITDA Reconciliation –
2016 Estimated, 2015 and 2014 Full Year Actual Results
($ in millions)
(1) (2) (3) (4) (5) – see notes at the end of this presentation
2016
Estimate (1)
2015
Estimate (1)
2015
Actual
2014
Actual
2016
Estimate (1)
2015
Estimate (1)
2015
Actual 2014 Actual
Net Income (loss) (GAAP) N/A N/A 247 (47) N/A N/A 46 (24)
Add back:
Income tax expense (benefit) N/A N/A 156 (12) N/A N/A 35 18
Income (loss) before income taxes (loss) (GAAP) $0 - $125 $275-$355 $404 ($59) $40- $80 $45-$75 $81 ($7)
Add back:
Interest expense 105 80 86 57 -- -- 1 (1)
Depreciation, amortization and accretion 600 600 606 606 230 235 228 220
EBITDA $705-$830 $955-$1,035 $1,096 $605 $270 - $310 $280-$310 $310 $212
Add back:
Loss on impairment of assets --- --- --- --- -- --- --- 84
(Gain) loss on sale of business and other exit costs, net --- (115) (114) (33) -- (5) (10) (2)
(Gain) loss on license sales and exchanges (5) --- (145) (147) (113) -- --- --- ---
(Gain) loss on asset disposals, net 20 15 16 21 -- 5 6 5
Adjusted EBITDA (2) $725-$850 $710-$790 $852 $480 $270 -$310 $280-$310 $306 $298
Deduct:
Equity in earnings of unconsolidated entities (140) (135) (140) (130) -- -- --- ---
Interest and dividend income (60) (35) (37) (12) -- -- (2) (2)
Operating cash flow (2) (3) (4) $525-$650 $540--$620 $675 $338 $270 - $310 $280-$310 $304 $296
Dediuct:
Total Depreciation, Amortization and Accretion (606) (606)
Operating Income (loss) (excluding gains, losses) $69 ($268)
U.S. Cellular TDS Telecom
33
34. (1) In providing 2016 and 2015 Estimated Results, TDS has not completed the above reconciliation to net income
because it does not provide guidance for income taxes. TDS believes that the impact of income taxes cannot be
reasonably predicted; therefore, the company is unable to provide such guidance.
(2) The TDS column includes U.S. Cellular, TDS Telecom and also the impacts of consolidating eliminations, corporate
operations and non-reportable segments, all of which are not presented above.
(3) Operating cash flow is defined as net income, adjusted for the items set forth in the reconciliation above. Adjusted
EBITDA (earnings before interest, taxes, depreciation, amortization and accretion), is defined as net income,
adjusted for the items set forth in the reconciliation above. Operating income (loss) (excluding gains and losses), is
defined as net income, adjusted for the items set forth in the reconciliation above. Operating cash flow, Adjusted
EBITDA and Operating income (loss) (excluding gains and losses) exclude these items in order to show operating
results on a more comparable basis from period to period. From time to time, TDS may exclude other items from
Operating cash flow and/or Adjusted EBITDA and/or Operating income (loss) (excluding gains and losses) if such
items help reflect operating results on a more comparable basis. TDS does not intend to imply that any such items
that are excluded are non-recurring, infrequent or unusual; such items may occur in the future. Operating cash
flow, Adjusted EBITDA and Operating income (loss) (excluding gains and losses) are not measures of financial
performance under Generally Accepted Accounting Principles in the United States (“GAAP”) and should not be
considered as alternatives to net income as indicators of the company’s operating performance or as alternatives to
cash flows from operating activities, determined in accordance with GAAP, as indicators of cash flows or as
measures of liquidity. TDS believes Operating cash flow, Adjusted EBITDA and Operating income (loss) (excluding
gains and losses) are useful measures of TDS’ operating results before significant recurring non-cash charges, gains
and losses, and other items as indicated above.
(4) A reconciliation of Operating cash flow (Non-GAAP) and Operating income (excluding gains and losses) (Non-GAAP)
to operating income (GAAP) for Dec. 31, 2015 actual results can be found on the company's website at
investors.tdsinc.com.
(5) In February 2016, U.S. Cellular entered into multiple agreements to exchange licenses. Agreements are subject to
regulatory approval and other customary closing conditions, and are expected to close in 2016. Upon closing of the
transactions, U.S. Cellular expects to record a gain. A reasonable estimate of the gains is unavailable at the time of
this filing.
34