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Income Statement
Balance Sheet
Cash Flow Statement

Common Size IS
Op Efficiency
Credit Analysis

FAIRPOINT COMMUNICATIONS INC (FRP)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-16Dec-31-15Dec-31-14Dec-31-13Dec-31-12Dec-31-11Jan-24-11Dec-31-10
   10-K10-K10-K10-K10-K10-K10-K10-K
Revenues  824.4859.5901.4939.4973.6963.166.41,071.0
            Revenue growth  -4.1%-4.7%-4.0%-3.5%1.1%-10.1% -4.3%
Cost of goods sold  389.3430.3441.0439.2450.40.0-944.9614.1
Gross profit  435.1429.2460.4500.1523.2963.11,011.3456.9
            Gross margin  52.8%49.9%51.1%53.2%53.7%100.0%1523.6%42.7%
Selling, general and administrative  197.2206.0257.6251.0332.2317.026.1365.4
Equity in earnings          
Other operating expenses  -213.8-170.375.479.9-3.7453.487.4242.6
EBITDA   [+]451.6393.4127.4169.3194.6192.7897.8138.8
            EBITDA margin  54.8%45.8%14.1%18.0%20.0%20.0%1352.5%13.0%
Depreciation  211.3212.8209.7271.3365.4336.921.5289.8
EBITA  240.3180.6-82.3-102.1-170.8-144.2876.2-151.1
            EBITA margin  29.2%21.0%-9.1%-10.9%-17.5%-15.0%1320.1%-14.1%
Amortization of intangibles  11.011.011.011.111.2   
EBIT   [+]229.3169.6-93.3-113.2-182.0-144.2876.2-151.1
            EBIT margin  27.8%19.7%-10.3%-12.0%-18.7%-15.0%1320.1%-14.1%
Non-recurring items   [+]     262.0897.3-41.1
Interest expense  82.780.780.478.767.663.89.3140.9
Other income (expense), net   [+]0.30.57.5-1.90.71.8897.2-38.4
Pre-tax income  146.989.4-166.1-193.8-248.9-468.2866.8-289.2
Income taxes  42.8-1.1-29.8-90.3-95.6-53.3279.9-7.7
            Tax rate  29.2% 17.9%46.6%38.4%11.4%32.3%2.6%
Earnings from continuing ops  104.190.4-136.3-103.5-153.3-414.9586.9-281.6
Earnings from discontinued ops     10.0    
Net income  104.190.4-136.3-93.5-153.3-414.9586.9-281.6
            Net margin  12.6%10.5%-15.1%-9.9%-15.7%-43.1%884.2%-26.3%
   
Basic EPS   [+]$3.88$3.39($5.15)($3.95)($5.90)($16.06)$6.56($3.15)
Diluted EPS   [+]$3.84$3.35($5.15)($3.95)($5.90)($16.06)$6.54($3.15)
   
Shares outstanding (basic)   [+]26.926.726.426.226.025.889.489.4
Shares outstanding (diluted)   [+]27.127.026.426.226.025.889.789.4
   
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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