NYSE$AD

Array Digital Infrastructure Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

UScellular's Q4 2020 performance reflected strong results, demonstrating the essential nature of their services and commitment to customer connectivity.

UScellular reported Q4 2020 total operating revenues of $1,073 million, compared to $1,052 million in the same period last year. Net income attributable to UScellular shareholders was $5 million ($0.06 per share) for Q4 2020, down from $18 million ($0.20 per share) in Q4 2019.

  • UScellular successfully navigated the challenges of 2020, ending the year with strong results.
  • The company maintained high levels of customer satisfaction and grew retail net additions despite the pandemic.
  • Growth in operating revenue, combined with operational and cost discipline, contributed to an increase in full-year profitability.
  • Network modernization program and investments in 5G continued, managing to keep system expenses in check despite significant increases in data usage.

Headline financials

Total Revenue

$1.07B

Previous: $1.05B+2.0%
EPS (adj)

$0.06

Previous: $0.20-70.0%
Capital Expenditures

$989M

No prior period
Free Cash Flow

-$702M

No prior period
Net Income

$7M

Previous: $18M-61.1%
Operating Income

$4M

Previous: -$3M+233.3%
Gross Profit

$552M

Previous: $559M-1.3%
Cash & Equivalents

$1.27B

Previous: $285M+346.0%
Total Assets

$9.68B

Previous: $8.16B+18.6%
Stock-Based Comp

$7M

Previous: $9M-22.2%

Revenue & EPS history

U.S. Cellular · Revenue · Quarterly

$1.07B

Q4 2020+2%vs Q4 2019
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Forward guidance

UScellular's current estimates of full-year 2021 results are shown below. Such estimates represent management’s view as of February 18, 2021 and should not be assumed to be current as of any future date. UScellular undertakes no duty to update such estimates, whether as a result of new information, future events or otherwise. There can be no assurance that final results will not differ materially from estimated results.

Tailwinds

  • Service revenues are estimated to be between $3,025 million and $3,125 million.
  • Adjusted OIBDA is projected to be between $800 million and $950 million.
  • Adjusted EBITDA is expected to range from $975 million to $1,125 million.

Headwinds

  • Capital expenditures are anticipated to be between $775 million and $875 million.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2020

Historical avgQ4 2020

-0.6%

Avg return

Earnings day

+0.3%

Avg return

5 days after

+3.2%

Avg return

30 days after

40%

27 / 68 earnings

Positive

+78.6%

Q2 2023

Best reaction

-22.7%

Q3 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+13.3%+2.7%+2.4%
Q4 2025-1.7%-2.5%-9.8%
Q3 2025-2.6%-1.3%+5.1%
Q1 2025-8.5%-7.7%-10.0%
Q4 2024-2.4%-2.3%+1.0%
Q3 2024-4.2%+5.6%+2.9%
Q2 2024-10.2%-4.6%+1.7%
Q1 2024-3.1%-3.4%+48.8%
Q4 2023-21.0%-20.5%-16.4%
Q3 2023-0.8%-0.2%+11.2%
Q2 2023+78.6%+114.5%+162.5%
Q1 2023-14.1%-22.7%-26.5%
Q4 2022+18.8%+13.5%-7.5%
Q3 2022-22.7%-29.6%-34.5%
Q2 2022+3.9%+7.3%-4.5%
Q1 2022-3.5%-6.0%-2.8%
Q4 2021-9.7%-14.6%-4.7%
Q3 2021-0.8%-0.5%-8.5%
Q2 2021-1.5%+0.0%+3.2%
Q1 2021+1.1%+4.4%+8.2%
Q4 2020-5.0%-12.2%+6.8%
Q3 2020-1.6%+6.0%+6.4%
Q2 2020+18.2%+18.7%+19.7%
Q1 2020-8.4%-9.4%-4.0%
Q4 2019-10.8%-15.5%-22.1%
Q3 2019-16.7%-5.6%-10.3%
Q2 2019-20.2%-21.8%-24.8%
Q1 2019+3.6%-1.1%-10.6%
Q4 2018-14.5%-16.7%-16.5%
Q3 2018+10.9%+14.2%+17.6%
Q2 2018+14.4%+19.1%+20.8%
Q1 2018-2.8%-5.0%-9.2%
Q4 2017+9.3%+17.8%+21.4%
Q3 2017-3.7%-6.3%+2.4%
Q2 2017+4.9%+3.5%+2.1%
Q1 2017+5.5%+5.0%+9.8%
Q4 2016-12.9%-15.7%-18.0%
Q3 2016+1.6%+2.9%+14.7%
Q2 2016+0.2%+0.8%-4.3%
Q1 2016-10.5%
Q4 2015-3.2%
Q3 2015+14.0%
Q2 2015+8.4%
Q1 2015+3.8%
Q4 2014+1.0%
Q3 2014+3.1%
Q2 2014-14.0%
Q1 2014+0.3%
Q4 2013-7.8%
Q3 2013-3.5%
Q4 2012-1.8%
Q2 2013+4.4%
Q1 2013-2.0%
Q2 2012-4.5%
Q3 2012-13.5%
Q1 2012-0.2%
Q2 2011-1.1%
Q4 2011-1.1%
Q3 2011-0.2%
Q1 2010+3.3%
Q1 2011+3.3%
Q4 2008+4.4%
Q4 2010+4.4%
Q3 2010+0.6%
Q3 2009+0.6%
Q2 2010-2.9%
Q4 2009-2.9%
Q2 2009-2.9%

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