Consolidated Communications Holdings, Inc. (CNSL) financial statements (2022 and earlier)

Company profile

Business Address 121 SOUTH 17TH STREET
MATTOON, IL 61938
State of Incorp. DE
Fiscal Year End December 31
SIC 4813 - Telephone Communications, Except Radiotelephone (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2101561210162716
Cash and cash equivalents1001561210162716
Short-term investments111      
Receivables1331381201331225669
Disposal group, including discontinued operation26   21  
Other undisclosed current assets58474455555042
Total current assets:428341177198214133126
Noncurrent Assets
Long-term investments and receivables110112113111109106106
Long-term investments110112113111109106106
Intangible assets, net (including goodwill)1,0241,0461,0461,0471,345788808
Goodwill1,0131,0351,0351,0351,038757765
Intangible assets, net (excluding goodwill)111111113073243
Other noncurrent assets58136552314  
Other undisclosed noncurrent assets2,0931,8742,0002,1562,0381,0651,098
Total noncurrent assets:3,2853,1673,2133,3373,5051,9602,012
TOTAL ASSETS:3,7133,5073,3903,5353,7192,0932,139
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities224203171205183109106
Accounts payable4125313324713
Accrued liabilities97827572725442
Employee-related liabilities68755764501722
Interest and dividends payable1821837373129
Deferred revenue535046
Debt8182730301511
Disposal group, including discontinued operation0   1  
Customer advances and deposits432628
Contract with customer, liability48
Total current liabilities:286270244284256150144
Noncurrent Liabilities
Long-term debt and lease obligation, including:2,1191,9332,2512,3042,3121,3771,378
Long-term debt, excluding current maturities2,1191,9332,236    
Finance lease, liability171215
Operating lease, liability192020
Other undisclosed long-term debt and lease obligation(36)(33)(20)2,3042,3121,3771,378
Liabilities, other than long-term debt410472477316336377352
Deferred compensation liability, classified1112222
Deferred tax liabilities, net  244237
Deferred income tax liabilities194171173
Liability, pension and other postretirement and postemployment benefits215300302314334131113
Other undisclosed noncurrent liabilities62443712172421314
Total noncurrent liabilities:2,5912,8482,7992,8362,8891,7661,744
Total liabilities:2,8763,1183,0433,1203,1451,9171,888
Stockholders' equity
Stockholders' equity attributable to parent541383341410568171246
Common stock1111111
Additional paid in capital741526492513616218282
Accumulated other comprehensive loss(60)(109)(81)(53)(48)(47)(36)
Accumulated deficit(142)(35)(71)(51)  (1)
Stockholders' equity attributable to noncontrolling interest7766655
Total stockholders' equity:548389347416574176251
Other undisclosed liabilities and equity289      
TOTAL LIABILITIES AND EQUITY:3,7133,5073,3903,5353,7192,0932,139

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues1,2821,3041,3371,3991,060743776
Gross profit:1,2821,3041,3371,3991,060743776
Operating expenses(277)(283)(299)(336)(283)(159)(180)
Other undisclosed operating loss(870)(886)(956)(1,045)(738)(497)(508)
Operating income:1351368119398788
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
110(11)1(0)1(2)
Interest and debt expense(17)(18)5(5)(17)(7)(41)
Income from continuing operations before equity method investments, income taxes:1191277516218245
Other undisclosed loss from continuing operations before income taxes(219)(79)(99)(90)(81)(44)(43)
Income (loss) from continuing operations before income taxes:(100)48(24)(75)(60)382
Income tax expense (benefit)(6)(11)424125(23)(3)
Net income (loss):(107)37(20)(51)6515(1)
Net loss attributable to noncontrolling interest(0)(0)(0)(0)(0)(0)(0)
Net income (loss) attributable to parent:(107)37(20)(51)6515(1)
Preferred stock dividends and other adjustments(3)      
Other undisclosed net loss available to common stockholders, basic (3)(0)(1)   
Net income (loss) available to common stockholders, diluted:(110)34(21)(52)6515(1)

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):(107)37(20)(51)6515(1)
Other comprehensive income (loss)50(29)(28)(5)(1)(12)(4)
Comprehensive income (loss):(57)9(48)(56)644(5)
Comprehensive loss, net of tax, attributable to noncontrolling interest(0)(0)(0)(0)(0)(0)(0)
Comprehensive income (loss), net of tax, attributable to parent:(57)8(48)(56)643(5)

Statements sources

The financial statements are based on the company's filings with the 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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