Uniti Group Inc. (UNIT) Financial Statements (2024 and earlier)

Company Profile

Business Address 2101 RIVERFRONT DRIVE, SUITE A
LITTLE ROCK, AR 72202
State of Incorp. MD
Fiscal Year End December 31
Industry (SIC) 6798 - Real Estate Investment Trusts (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

3/31/2024
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 investments6244597814338
Cash and cash equivalents6244597814338
Total current assets:6244597814338
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization 537372128 
Operating lease, right-of-use asset125898098 
Property, plant and equipment(6,219)3,7553,5093,2733,4103,209
Long-term investments and receivables  396466  
Long-term investments  396466  
Intangible assets, net (including goodwill)4626969679931,2231,125
Goodwill157361602602691692
Intangible assets, net (excluding goodwill)305335365391532433
Deferred income tax assets1094112  
Total noncurrent assets:(5,470)4,6924,7044,5584,6334,334
Other undisclosed assets10,4331154696242221
TOTAL ASSETS:5,0254,8514,8094,7325,0174,593
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt    1124 
Deferred income tax liabilities    1124
Total noncurrent liabilities:    1124 
Other undisclosed liabilities7,5097,1226,9236,7946,4766,000
Total liabilities:7,5097,1226,9236,8046,5006,000
Equity
Equity, attributable to parent, including:(2,486)(2,274)(2,128)(2,142)(1,567)(1,586)
Common stock000000
Additional paid in capital1,2221,2101,2151,209951758
Accumulated other comprehensive income (loss)  (9)(20)(23)30
Other undisclosed equity, attributable to parent(3,708)(3,484)(3,333)(3,330)(2,495)(2,373)
Equity, attributable to noncontrolling interest2214698492
Other undisclosed equity    0  
Total equity:(2,484)(2,271)(2,114)(2,072)(1,483)(1,493)
Other undisclosed liabilities and equity      87
TOTAL LIABILITIES AND EQUITY:5,0254,8514,8094,7325,0174,593

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

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues1,1501,1291,1011,0671,0581,018
Operating lease, lease income912892845795763
Cost of revenue(685)(523)(619)(646)(533)(869)
Gross profit:464606482421524148
Operating expenses(617)(634)(364)(1,155)(509)(137)
Other operating income (expense), net(18)7(19)(12)315
Operating income (loss):(171)(21)99(746)4716
Interest and debt expense(512)11(49)(497)(390)(320)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes531(18)68   
Income (loss) from continuing operations before equity method investments, income taxes:(153)(28)118(1,243)(343)(304)
Income from equity method investments3220  
Other undisclosed income from continuing operations before income taxes    509359315
Income (loss) from continuing operations before income taxes:(150)(25)120(734)1611
Income tax expense (benefit)6817515(5)5
Income (loss) from continuing operations:(82)(8)125(719)1117
Income (loss) before gain (loss) on sale of properties:125(719)1117
Other undisclosed net income    0  
Net income (loss):(82)(8)125(719)1117
Net income (loss) attributable to noncontrolling interest0(0)(1)13(0)(0)
Net income (loss) attributable to parent:(82)(8)124(706)1116
Preferred stock dividends and other adjustments(0)(0)(0)(0)(1)(3)
Other undisclosed net loss available to common stockholders, basic(1)(1)(1)(1)(2)(6)
Net income (loss) available to common stockholders, basic:(83)(9)123(707)88
Other undisclosed net income (loss) available to common stockholders, diluted  12  (1)
Net income (loss) available to common stockholders, diluted:(83)(9)134(707)87

Comprehensive Income ($ in millions)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):(82)(8)125(719)1117
Other comprehensive income (loss) 9113(55)23
Comprehensive income (loss):(82)1136(716)(44)39
Comprehensive income (loss), net of tax, attributable to noncontrolling interest0(0)(1)121(1)
Comprehensive income (loss), net of tax, attributable to parent:(82)1135(703)(43)38

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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