NYSE$AD

Array Digital Infrastructure Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

UScellular reported solid results for Q4 2021, executing on strategic priorities and providing guidance for 2022.

UScellular reported Q4 2021 total operating revenues of $1,068 million, compared to $1,073 million for the same period one year ago. Net income attributable to UScellular shareholders was $27 million, or $0.31 per diluted share, compared to $5 million, or $0.06 per diluted share, in the same period one year ago.

  • UScellular delivered solid results through the end of the year.
  • The company maintained cost discipline and generated positive momentum in growth areas like Business and Government, Prepaid, Fixed Wireless, and their tower portfolio.
  • The multi-year network modernization program continued, and UScellular meaningfully improved its mid-band spectrum position.
  • In 2022, UScellular's focus remains on executing its mission of connecting customers and driving growth in the business.

Headline financials

Total Revenue

$1.07B

Previous: $1.07B-0.5%
EPS (adj)

$0.31

Previous: $0.06+416.7%
Capital Expenditures

$268M

Previous: $989M-72.9%
Free Cash Flow

-$133M

Previous: -$702M+81.1%
Net Income

$28M

Previous: $7M+300.0%
Operating Income

$5M

Previous: $4M+25.0%
Gross Profit

$540M

Previous: $552M-2.2%
Cash & Equivalents

$156M

Previous: $1.27B-87.7%
Total Assets

$10.3B

Previous: $9.68B+6.8%
Stock-Based Comp

$7M

Previous: $7M+0.0%

Revenue & EPS history

U.S. Cellular · Revenue · Quarterly

$1.07B

Q4 2021-0.5%vs Q4 2020
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Forward guidance

UScellular's current estimates of full-year 2022 results are shown below. Such estimates represent management’s view as of February 17, 2022 and should not be assumed to be current as of any future date. There can be no assurance that final results will not differ materially from estimated results.

Tailwinds

  • Service revenues are estimated to be between $3,100 million and $3,200 million.
  • Adjusted OIBDA is estimated to be between $750 million and $900 million.
  • Adjusted EBITDA is estimated to be between $925 million and $1,075 million.
  • Capital expenditures are estimated to be between $700 million and $800 million.

Historical earnings impact

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

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q4 2021

Historical avgQ4 2021

-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+13.1%+2.5%
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%
Q4 2011-1.1%
Q2 2011-1.1%
Q3 2011-0.2%
Q1 2011+3.3%
Q1 2010+3.3%
Q4 2008+4.4%
Q4 2010+4.4%
Q3 2010+0.6%
Q3 2009+0.6%
Q4 2009-2.9%
Q2 2010-2.9%
Q2 2009-2.9%

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