Consolidated Communications Holdings Inc. (CNSL) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
121 SOUTH 17TH STREET MATTOON, IL 61938 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 4813 - Telephone Communications, Except Radiotelephone (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 9/30/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 5 | 414 | 210 | 156 | 12 | 10 | |||
| Cash and cash equivalents | 5 | 326 | 100 | 156 | 12 | 10 | |||
| Short-term investments | 88 | 111 | |||||||
| Receivables | 121 | 120 | 133 | 138 | 120 | 133 | |||
| Disposal group, including discontinued operation | 70 | 26 | |||||||
| Other undisclosed current assets | 60 | 65 | 58 | 47 | 44 | 55 | |||
| Total current assets: | 256 | 598 | 428 | 341 | 177 | 198 | |||
| Noncurrent Assets | |||||||||
| Long-term investments and receivables | 9 | 10 | 110 | 112 | 113 | 111 | |||
| Long-term investments | 9 | 10 | 110 | 112 | 113 | 111 | |||
| Intangible assets, net (including goodwill) | 825 | 940 | 1,024 | 1,046 | 1,046 | 1,047 | |||
| Goodwill | 815 | 930 | 1,013 | 1,035 | 1,035 | 1,035 | |||
| Intangible assets, net (excluding goodwill) | 11 | 11 | 11 | 11 | 11 | 11 | |||
| Other noncurrent assets | 71 | 61 | 58 | 136 | 55 | 23 | |||
| Other undisclosed noncurrent assets | 2,468 | 2,277 | 2,093 | 1,874 | 2,000 | 2,156 | |||
| Total noncurrent assets: | 3,372 | 3,289 | 3,285 | 3,167 | 3,213 | 3,337 | |||
| TOTAL ASSETS: | 3,628 | 3,887 | 3,713 | 3,507 | 3,390 | 3,535 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 174 | 207 | 224 | 203 | 171 | 205 | |||
| Interest and dividends payable | ✕ | ✕ | 18 | 18 | 21 | 8 | 37 | ||
| Employee-related liabilities | ✕ | ✕ | 61 | 68 | 75 | 57 | 64 | ||
| Accounts payable | 60 | 33 | 41 | 25 | 31 | 33 | |||
| Accrued liabilities | 114 | 95 | 97 | 82 | 75 | 72 | |||
| Deferred revenue | 44 | 47 | 53 | 50 | 46 | ✕ | |||
| Debt | 18 | 13 | 8 | 18 | 27 | 30 | |||
| Disposal group, including discontinued operation | 3 | 0 | |||||||
| Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 48 | ||
| Other undisclosed current liabilities | 77 | ||||||||
| Total current liabilities: | 317 | 267 | 286 | 270 | 244 | 284 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 2,135 | 2,129 | 2,119 | 1,933 | 2,251 | 2,304 | |||
| Long-term debt, excluding current maturities | 2,119 | 1,933 | 2,236 | ||||||
| Finance lease, liability | 21 | 23 | 17 | 12 | 15 | ✕ | |||
| Other undisclosed long-term debt and lease obligation | 2,114 | 2,107 | (36) | (33) | (20) | 2,304 | |||
| Liabilities, other than long-term debt | 372 | 421 | 410 | 472 | 477 | 316 | |||
| Deferred compensation liability, classified | 0 | 1 | 1 | 1 | 1 | 2 | |||
| Deferred income tax liabilities | 211 | 274 | 194 | 171 | 173 | ✕ | |||
| Liability, pension and other postretirement and postemployment benefits | 138 | 124 | 215 | 300 | 302 | 314 | |||
| Operating lease, liability | 24 | 22 | 19 | 20 | 20 | ✕ | |||
| Other undisclosed noncurrent liabilities | 25 | 25 | 62 | 443 | 71 | 217 | |||
| Total noncurrent liabilities: | 2,532 | 2,575 | 2,591 | 2,848 | 2,799 | 2,836 | |||
| Total liabilities: | 2,849 | 2,842 | 2,876 | 3,118 | 3,043 | 3,120 | |||
| Equity | |||||||||
| Equity, attributable to parent | 399 | 709 | 541 | 383 | 341 | 410 | |||
| Common stock | 1 | 1 | 1 | 1 | 1 | 1 | |||
| Additional paid in capital | 682 | 720 | 741 | 526 | 492 | 513 | |||
| Accumulated other comprehensive loss | (22) | (1) | (60) | (109) | (81) | (53) | |||
| Accumulated deficit | (262) | (12) | (142) | (35) | (71) | (51) | |||
| Equity, attributable to noncontrolling interest | 8 | 8 | 7 | 7 | 6 | 6 | |||
| Total equity: | 407 | 717 | 548 | 389 | 347 | 416 | |||
| Other undisclosed liabilities and equity | 373 | 329 | 289 | ||||||
| TOTAL LIABILITIES AND EQUITY: | 3,628 | 3,887 | 3,713 | 3,507 | 3,390 | 3,535 | |||
Income Statement (P&L) ($ in millions)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 1,110 | 1,191 | 1,282 | 1,304 | 1,337 | 1,399 | ||
| Gross profit: | 1,110 | 1,191 | 1,282 | 1,304 | 1,337 | 1,399 | ||
| Operating expenses | (441) | (438) | (277) | (283) | (299) | (336) | ||
| Other undisclosed operating loss | (827) | (847) | (870) | (886) | (956) | (1,045) | ||
| Operating income (loss): | (158) | (93) | 135 | 136 | 81 | 19 | ||
| Nonoperating income (expense) (Other Nonoperating Income (Expense)) | 8 | 13 | 1 | 10 | (11) | 1 | ||
| Interest and debt expense | (3) | (1) | (17) | (18) | 5 | (5) | ||
| Other undisclosed loss from continuing operations before equity method investments, income taxes | ||||||||
| Income (loss) from continuing operations before equity method investments, income taxes: | (153) | (81) | 119 | 127 | 75 | 16 | ||
| Other undisclosed loss from continuing operations before income taxes | (149) | (124) | (219) | (79) | (99) | (90) | ||
| Income (loss) from continuing operations before income taxes: | (302) | (205) | (100) | 48 | (24) | (75) | ||
| Income tax expense (benefit) | 52 | 27 | (6) | (11) | 4 | 24 | ||
| Income (loss) from continuing operations: | (250) | (178) | (107) | 37 | (20) | (51) | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (107) | 37 | (20) | (51) | |
| Income from discontinued operations | 318 | |||||||
| Net income (loss): | (250) | 141 | (107) | 37 | (20) | (51) | ||
| Net loss attributable to noncontrolling interest | (0) | (1) | (0) | (0) | (0) | (0) | ||
| Net income (loss) attributable to parent: | (251) | 140 | (107) | 37 | (20) | (51) | ||
| Preferred stock dividends and other adjustments | (44) | (40) | (3) | |||||
| Other undisclosed net loss available to common stockholders, basic | (3) | (0) | (1) | |||||
| Net income (loss) available to common stockholders, diluted: | (294) | 100 | (110) | 34 | (21) | (52) | ||
Comprehensive Income ($ in millions)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (250) | 141 | (107) | 37 | (20) | (51) | ||
| Other comprehensive income (loss) | (21) | 59 | 50 | (29) | (28) | (5) | ||
| Comprehensive income (loss): | (271) | 200 | (57) | 9 | (48) | (56) | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (0) | (1) | (0) | (0) | (0) | (0) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (272) | 199 | (57) | 8 | (48) | (56) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.