GCI, INC. (NYSE:GCI) Files An 8-K Results of Operations and Financial Condition

GCI, INC. (NYSE:GCI) Files An 8-K Results of Operations and Financial Condition

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Item 2.02

Results of Operations and Financial Condition
On May 3, 2017, GCI, Inc.’s parent company, General Communication,
Inc. (“GCI”) issued a press release announcing earnings for the
three months ended March 31, 2017. A copy of the press release is
attached as Exhibit 99.1.
The information in this Form 8-K and the Exhibit attached hereto
shall not be deemed “filed” for purposes of Section 18 of the
Securities Act of 1934, nor shall it be deemed incorporated by
reference in any filing under the Securities Act of 1933, except as
shall be expressly set forth by specific reference in such filing.
The earnings release attached as Exhibit 99.1 discloses the
non-GAAP financial measure of Adjusted EBITDA (defined as earnings
plus imputed interest on financed devices before net interest
expense, income taxes, depreciation and amortization expense, loss
on extinguishment of debt, derivative instrument unrealized income
(loss), share-based compensation expense, accretion expense, loss
attributable to non-controlling interest resulting from NMTC
transactions, gains and impairment losses on equity and cost method
investments, and other non-cash adjustments) and Pro Forma EBITDA
(defined as Adjusted EBITDA plus Liberty transaction costs) for the
three months ended March 31, 2017 and 2016 and December 31, 2016.
Adjusted EBITDA and Pro Forma EBITDA have been reconciled to the
closely related GAAP financial measure, net income (loss), within
the earnings release.
Adjusted EBITDA and Pro Forma EBITDA are not presented as an
alternative measure of net income, operating income or cash flow
from operations, as determined in accordance with accounting
principles generally accepted in the United States of America.
GCI’s management uses Adjusted EBITDA and Pro Forma EBITDA to
evaluate the operating performance of its business, and as a
measure of performance for incentive compensation purposes. GCI
believes Adjusted EBITDA and Pro Forma EBITDA are useful to
investors and other users of our financial information in
understanding and evaluating operating performance as an
analytical indicator of income generated to service debt and fund
capital expenditures. In addition, multiples of current or
projected Adjusted EBITDA and Pro Forma EBITDA are used to
estimate current or prospective enterprise value. Adjusted EBITDA
and Pro Forma EBITDA do not give effect to cash used for debt
service requirements, and thus do not reflect funds available for
investment or other discretionary uses. Adjusted EBITDA and Pro
Forma EBITDA as presented herein may not be comparable to
similarly titled measures reported by other companies.
Section 9 – Financial Statements and Exhibits
Item 9.01
Financial Statements and Exhibits
(d) Exhibits
Exhibit
Number
Description
99.1
Press Release issued by General Communication, Inc. on
May 3, 2017


GCI, INC. (NYSE:GCI) Recent Trading Information

GCI, INC. (NYSE:GCI) closed its last trading session at with 1,572,090 shares trading hands.

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