Consolidated Communications Holdings, Inc. (CNSL) Financial Statements (2024 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 thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments202,578335,828413,803462,04943,024159,938
Cash and cash equivalents202,578247,877325,852462,04918,01974,171
Short-term investments  87,95187,951 25,00585,767
Receivables100,827108,471119,675115,985117,479118,596
Disposal group, including discontinued operation68,997  92,82295,92294,368
Other undisclosed current assets66,94967,28464,66663,73059,66164,052
Total current assets:439,351511,583598,144734,586316,086436,954
Noncurrent Assets
Long-term investments and receivables9,0959,10410,29710,283107,514109,034
Long-term investments9,0959,10410,29710,283107,514109,034
Intangible assets, net (including goodwill)825,181940,127940,127940,127940,127940,127
Goodwill814,624929,570929,570929,570929,570929,570
Intangible assets, net (excluding goodwill)10,55710,55710,55710,55710,55710,557
Other noncurrent assets65,94263,54261,31557,62662,34959,288
Other undisclosed noncurrent assets2,419,8432,367,5632,277,2112,226,3582,159,6412,050,045
Total noncurrent assets:3,320,0613,380,3363,288,9503,234,3943,269,6313,158,494
TOTAL ASSETS:3,759,4123,891,9193,887,0943,968,9803,585,7173,595,448
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities176,526253,287207,406240,173234,009236,021
Interest and dividends payable35,95618,20135,13917,90235,020
Employee-related liabilities51,60260,90365,72264,94963,951
Accounts payable50,30653,92133,09630,44558,76139,807
Accrued liabilities126,220111,80895,206108,86792,39797,243
Deferred revenue45,62549,00946,66448,46648,09753,002
Debt16,82116,37712,83410,2789,5398,379
Disposal group, including discontinued operation3,297  4,6114,8565,021
Other undisclosed current liabilities73,760     
Total current liabilities:316,029318,673266,904303,528296,501302,423
Noncurrent Liabilities
Long-term debt and lease obligation, including:2,135,3442,136,8372,129,4622,125,9942,124,0012,120,930
Finance lease, liability   22,912   
Other undisclosed long-term debt and lease obligation2,135,3442,136,8372,106,5502,125,9942,124,0012,120,930
Liabilities, other than long-term debt362,629383,091420,702459,776381,770391,335
Deferred compensation liability, classified   500   
Deferred income tax liabilities241,873261,001274,309268,962186,183185,985
Liability, pension and other postretirement and postemployment benefits120,756122,090123,644190,814195,587205,350
Operating lease, liability   22,249   
Other undisclosed noncurrent liabilities46,17248,07924,57746,90149,13251,923
Total noncurrent liabilities:2,544,1452,568,0072,574,7412,632,6712,554,9032,564,188
Total liabilities:2,860,1742,886,6802,841,6452,936,1992,851,4042,866,611
Equity
Equity, attributable to parent541,312658,178709,118706,973418,932423,461
Common stock1,1671,1671,1521,1541,1541,154
Additional paid in capital701,287709,603720,442729,186726,247733,216
Accumulated other comprehensive loss(3,919)(3,622)(610)(46,639)(49,491)(53,646)
Retained earnings (accumulated deficit)(157,223)(48,970)(11,866)23,272(258,978)(257,263)
Equity, attributable to noncontrolling interest7,9557,7947,6517,4807,4057,202
Total equity:549,267665,972716,769714,453426,337430,663
Other undisclosed liabilities and equity349,971339,267328,680318,328307,976298,174
TOTAL LIABILITIES AND EQUITY:3,759,4123,891,9193,887,0943,968,9803,585,7173,595,448

Income Statement (P&L) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues275,162276,126295,976296,619298,390300,278
Gross profit:275,162276,126295,976296,619298,390300,278
Operating expenses(163,704)(84,588)(103,431)(58,882)(75,510)(199,775)
Other undisclosed operating loss(206,505)(209,637)(213,266)(216,885)(208,431)(208,245)
Operating income (loss):(95,047)(18,099)(20,721)20,85214,449(107,742)
Nonoperating income
(Other Nonoperating income)
5,4102,7583,9532,9843,0183,155
Other undisclosed loss from continuing operations before equity method investments, income taxes   (1,444)   
Income (loss) from continuing operations before equity method investments, income taxes:(89,637)(15,341)(18,212)23,83617,467(104,587)
Other undisclosed loss from continuing operations before income taxes(36,903)(33,860)(31,792)(32,071)(20,254)(21,265)
Loss from continuing operations before income taxes:(126,540)(49,201)(50,004)(8,235)(2,787)(125,852)
Income tax benefit18,44812,2409,2449781,27510,303
Loss from continuing operations:(108,092)(36,961)(40,760)(7,257)(1,512)(115,549)
Income (loss) before gain (loss) on sale of properties:292,677(1,512)(115,549)
Income from discontinued operations   5,793299,934  
Net income (loss):(108,092)(36,961)(34,967)292,677(1,512)(115,549)
Net loss attributable to noncontrolling interest(161)(143)(171)(75)(203)(115)
Net income (loss) attributable to parent:(108,253)(37,104)(35,138)292,602(1,715)(115,664)
Preferred stock dividends and other adjustments(10,704)(10,587)(10,352)(10,352)(9,802)(9,598)
Net income (loss) available to common stockholders, diluted:(118,957)(47,691)(45,490)282,250(11,517)(125,262)

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income (loss):(108,092)(36,961)(34,967)292,677(1,512)(115,549)
Other comprehensive income (loss)(297)(3,012)46,0292,8524,1555,925
Comprehensive income (loss):(108,389)(39,973)11,062295,5292,643(109,624)
Comprehensive loss, net of tax, attributable to noncontrolling interest(161)(143)(171)(75)(203)(115)
Comprehensive income (loss), net of tax, attributable to parent:(108,550)(40,116)10,891295,4542,440(109,739)

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.

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