Level 3 Communications (LVLT) Tops Q4 EPS by 5c

Level 3 Communications (NYSE: LVLT) reported Q4 EPS of $0.35, $0.05 better than the analyst estimate of $0.30. Revenue for the quarter came in at $1.91 billion versus the consensus estimate of $1.98 billion.

2015 Business Outlook "From a Free Cash Flow perspective, 2014 was a transformational year for Level 3," said Sunit Patel, executive vice president and CFO of Level 3. "The company is well-positioned to generate sustainable Free Cash Flow going forward."

"As we enter 2015, we are focused on driving profitable growth to position the company to deliver long-term stockholder value," Patel continued. "In 2015, we expect to grow Adjusted EBITDA 12 to 16 percent from a starting point of $2.271 billion, which represents the combined company's full year Adjusted EBITDA including acquisition-related expenses. Additionally, we expect to generate Free Cash Flow of $550-$600 million for the full year 2015."

For the full year 2015, the company also expects:

• GAAP interest expense of approximately $680 million
• Net cash interest expense of approximately $640 million
• Capital expenditures of approximately 15 percent of total revenue
• Depreciation and Amortization of approximately $1.160 billion
• GAAP and cash income tax expense of approximately $60 million
• Non-cash compensation expense of approximately $120 million

For earnings history and earnings-related data on Level 3 Communications (LVLT) click here.

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