CenturyLink (CTL) Reports In-Line Q4 EPS, Offers Guidance

February 12, 2020 4:21 PM EST

CenturyLink (NYSE: CTL) reported Q4 EPS of $0.33, in-line with the analyst estimate of $0.33. Revenue for the quarter came in at $5.57 billion versus the consensus estimate of $5.55 billion.

2020 Business Outlook

"In 2019, we met all of our key financial outlook measures, highlighted by Adjusted EBITDA growth and margin expansion," said Neel Dev, CenturyLink's executive vice president and chief financial officer. "Our investments and initiatives position us well for 2020, and we expect full year Adjusted EBITDA of $9.0 to $9.2 billion, Capital Expenditures of $3.6 to $3.9 billion and Free Cash Flow of $3.1 to $3.4 billion."

Metric (1), (2)

2020 Outlook

Adjusted EBITDA

$9.0 billion to $9.2 billion

Free Cash Flow

$3.1 billion to $3.4 billion

Dividends (3)

$1.1 billion

GAAP Interest Expense

$1.8 billion

Net Cash Interest

$1.75 billion to $1.80 billion

Capital Expenditures

$3.6 billion to $3.9 billion

Depreciation and Amortization

$4.7 billion to $4.9 billion

Share-based Compensation Expenses

$200 million

Cash Income Taxes

$100 million

Full Year Effective Income Tax Rate

~28%

For earnings history and earnings-related data on CenturyLink (CTL) click here.



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