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Uniti Group Inc. (UNIT)

Income Statement Business | Geographic

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16
   8-K10-K10-K10-K10-K10-K10-K
Revenues:  
    Tower      14.6  
    ASU 2016-02   845.1795.4762.6728.6700.4 
    Leasing   801.5745.9716.6699.8685.1676.9
    Fiber Infrastructure   299.0314.4315.6289.2202.870.6
    Other        23.0
Total revenues  1,128.8255.4271.7295.0289.1215.7770.4
            Revenue growth   [+]342.0%-6.0%-7.9%2.1%34.0%-72.0% 
Cost of goods sold  0.0554.61,229.7507.7422.2416.0275.4
Gross profit  1,128.8-299.2-958.0-212.7-133.1-200.4495.0
            Gross margin  100.0%-117.1%-352.7%-72.1%-46.1%-92.9%64.3%
Selling, general and administrative   [+]143.1146.9159.3160.0137.1102.235.4
Equity in earnings  -2.4-2.1-0.1    
Other operating expenses  777.8-1,275.0-1,280.9-1,184.2-1,052.7-995.1-225.7
EBITDA   [+]498.3826.8163.4811.4782.5692.5685.3
            EBITDA margin  44.1%323.7%60.2%275.0%270.7%321.1%89.0%
Depreciation  292.8261.1301.2378.6426.3415.9369.9
EBITA  205.5565.7-137.8432.9356.2276.6315.5
            EBITA margin  18.2%221.5%-50.7%146.7%123.2%128.3%40.9%
Amortization of intangibles   29.828.227.225.518.36.1
EBIT   [+]205.5535.9-166.0405.7330.7258.3309.4
            EBIT margin  18.2%209.8%-61.1%137.5%114.4%119.8%40.2%
Non-recurring items   [+]240.7-28.171.0   33.7
Interest expense   446.3497.1390.1319.6306.0275.4
Other income (expense), net   [+]7.3      
Pre-tax income  -27.9117.7-734.115.611.1-47.70.3
Income taxes  -17.4-4.9-15.24.7-5.4-38.80.5
            Tax rate  62.3% 2.1%29.9% 81.5%169.5%
Minority interest  0.21.1-12.50.30.40.6 
Net income  0.0122.6-707.48.48.0-16.6-5.5
            Net margin  0.0%48.0%-260.4%2.8%2.8%-7.7%-0.7%
   
Basic EPS   [+]($0.04)$0.53($3.47)$0.04$0.05($0.10)($0.04)
Diluted EPS   [+]($0.04)$0.46($3.47)$0.04$0.05($0.10)($0.04)
   
Dividends per share   [+]$606.83$0.60$0.60$0.37$2.42$2.37$2.41
   
Shares outstanding (basic)   [+]0.2232.9203.6187.4176.2168.7152.5
Shares outstanding (diluted)   [+]0.2264.1203.6187.4177.1169.0152.5
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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