Windstream Holdings, Inc. WIN Cash Flow

Windstream holdings, inc. (WIN)

CashFlow / TTM

Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10
Cash Flows from Operating Activities:
Net (loss) income
-3,157	-3,519	-3,362	-2,911	-723	-2,009	-2,152	-2,126	-2,116	-367	-332	-262	-383	-156	-97	-209	27	-190	-175	-50	-39	156	179	204	241	132	148	159	168	123	154	200	169	278	285	268	312	0	0	0
Adjustments to reconcile net loss to net cash provided from operations:
Depreciation and amortization
1,068	1,200	1,321	1,416	1,526	1,540	1,521	1,513	1,470	1,395	1,351	1,297	1,263	1,267	1,297	1,330	1,366	1,388	1,386	1,388	1,386	1,372	1,362	1,350	1,341	1,339	1,327	1,315	1,297	1,200	1,077	954	847	0	0	0	-	-	-	-
Depreciation and amortization
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Provision for doubtful accounts
65	66	65	41	37	38	41	41	45	44	43	43	43	43	44	46	47	53	55	52	54	52	53	59	63	67	67	60	59	57	54	55	48	47	48	48	48	0	0	0
Share-based compensation expense
2	-12	-6	3	11	35	41	48	55	55	51	44	41	44	49	54	55	46	42	42	41	49	49	46	44	57	52	48	43	0	0	0	-	-	-	-	17	0	0	0
Noncash portion of net loss on early extinguishment of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	38	38	38	38	16	13	8	7	-21	0	0	0	-	-	-	-
Amortization of unrealized losses on de-designated interest rate swaps
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9	11	13	14	15	15	16	18	26	35	44	49	47	45	44	45	47	49	37	25	13	0	0	0	0
Net gain on early extinguishment of debt
-	-	-	-	-	-	-	-	-56	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash reorganization items, net
48	51	55	45	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Pension expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	38	54	0	0	0
Share-based compensation expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-
Deferred income taxes
-319	157	183	207	441	-335	-380	-392	-412	-203	-195	-166	-138	7	26	-10	-16	-127	-107	-56	-13	86	101	117	134	46	59	70	79	83	141	157	173	247	220	170	125	0	0	0
Goodwill, Impairment Loss
2,712	2,712	2,712	2,339	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Noncash portion of net loss on early extinguishment of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other-than-temporary impairment loss on investment in Uniti common stock
-	-	-	-	-	-	-	-	-	-	-	-	181	181	181	181	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Plan curtailment
-	-	-	-	-	-	-	-	-	-	-	-	-	7	10	23	18	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other, net
-8	-32	-39	-38	-29	-33	-35	-47	-38	-65	-65	-71	-54	-24	-11	14	-7	8	-3	-28	-16	-14	-12	-1	15	18	24	35	25	0	0	0	-	-20	-22	-15	-14	0	0	0
Changes in operating assets and liabilities, net
Accounts receivable
33	33	75	106	47	-0	-7	-27	-17	-11	-2	-20	15	46	18	38	69	93	90	78	55	-3	32	60	46	74	86	62	75	87	64	66	64	63	56	52	42	0	0	0
Prepaid income taxes
-	-	-	-4	-	-	-	-3	-	0	0	0	-	-	-	13	0	3	2	-3	-1	2	-5	-1	7	0	0	0	-	-104	-66	-76	-57	0	0	0	-	-	-	-
Income tax receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-123	1	2	3	124	0	0	0	-	-	-	0
Prepaid expenses and other
55	15	38	-7	-46	-22	-19	-17	-2	-1	-9	-5	-30	-18	-20	-20	-1	11	1	10	6	-7	4	6	12	19	2	-2	29	31	41	42	5	0	0	0	-	-	-	-
Prepaid expenses and other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Accounts payable
172	217	185	267	5	61	116	68	43	12	-22	-8	-47	-22	-20	-4	31	-1	-3	-31	-13	-96	-26	2	-21	91	33	-28	63	-10	-2	27	23	48	42	32	-18	0	0	0
Accrued interest
-11	-37	-28	-55	-8	-23	0	-11	-16	-9	-14	-30	-20	-45	-18	-54	-26	-33	-21	-1	-3	15	-28	8	-10	4	3	-3	-40	-49	-67	-13	-99	11	-36	-0	26	0	0	0
Accrued taxes
3	-8	-8	4	-9	-7	-11	-14	-0	3	3	4	-6	13	12	16	17	-4	-1	-4	-9	-6	-8	-7	-0	-0	-4	-4	-10	-16	-10	-8	0	0	0	0	-	-	-	0
Other current liabilities
48	42	45	29	35	15	6	-15	4	-10	-23	11	21	-7	19	29	-17	17	7	-2	8	-2	-37	-49	-49	-6	9	47	36	-14	-2	-56	-30	0	0	0	-	-	-	-
Other current liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Other liabilities
-	-	-	-6	-	-	-	-29	-	-30	-29	-30	-42	-18	-16	-19	-11	13	-18	-20	-21	-31	-6	3	-9	-20	-16	-15	-5	-2	-1	-7	-3	-7	-11	-10	-30	0	0	0
Other, net
-	0	0	-4	-	0	0	10	-	15	30	-3	-10	5	4	40	36	34	24	1	15	32	21	36	3	-8	-3	-13	1	-7	13	31	22	42	22	2	16	0	0	0
Net cash provided from operating activities
533	721	767	992	1,013	1,084	1,139	1,060	974	1,032	958	1,034	1,007	892	1,071	910	1,026	1,111	1,165	1,391	1,467	1,471	1,488	1,534	1,519	1,694	1,653	1,643	1,777	1,556	1,478	1,455	1,228	1,296	1,219	1,130	1,091	0	0	0
Cash Flows from Investing Activities:
Additions to property, plant and equipment
878	845	821	795	820	787	807	882	908	960	987	969	989	1,064	1,121	1,129	1,055	978	872	822	786	727	727	750	841	957	1,071	1,118	1,101	1,004	874	769	702	645	582	510	412	0	0	0
Cash acquired from EarthLink
-	-	-	-	-	-	-	-	-	5	5	5	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments to Acquire Businesses, Net of Cash Acquired
-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Broadband network expansion funded by stimulus grants
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	13	18	26	31	36	65	87	105	105	81	57	33	21	0	0	0	-	-	-	-
Changes in restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-6	-7	-5	-3	-3	-5	-7	-8	-16	-26	-12	-6	4	20	10	8	11	0	0	0	-	-	-	-
Proceeds from Sale of Productive Assets
-	-	-	-	-	-	-	-	-	-	-	-	6	6	6	6	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Grant funds received for broadband stimulus projects
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	23	30	29	29	33	40	54	66	68	72	61	52	45	30	23	10	4	0	0	0	-	-	-	-
Grant funds received from Connect America Fund - Phase I
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	26	0	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Network expansion funded by Connect America Fund - Phase I
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	73	78	55	21	12	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition of MASS, net of cash acquired
-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Disposition of wireless assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	57	57	57	57	0	0	0	0	-	-	-	-
Other, net
-1	-1	7	12	8	14	13	13	16	9	14	9	6	12	10	-4	-2	-12	-12	-1	-3	0	0	0	-	-	-	-	-0	-13	-14	-10	-8	0	1	-1	-1	0	0	0
Net cash used in investing activities
-903	-550	-517	-496	-554	-849	-921	-997	-983	-1,028	-996	-973	-990	-502	-573	-586	-522	-1,029	-906	-838	-769	-591	-582	-596	-707	-924	-1,083	-1,160	-1,101	-934	-776	-662	-652	-1,255	-1,185	-1,361	-1,454	0	0	0
Cash Flows from Financing Activities:
Dividends paid to shareholders
-	-	-	-	-	-	-	-	-	0	0	67	-	59	56	232	369	504	643	603	602	600	598	595	593	592	590	589	588	569	549	530	509	501	494	481	464	0	0	0
Proceeds from issuance of stock
-	-	-	-	-	-	-	-	-	0	0	9	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of debt and swaps
372	579	706	902	747	1,131	1,432	1,364	2,301	2,138	2,997	3,516	3,347	4,171	3,340	4,010	3,350	2,445	2,368	1,389	1,395	2,116	3,403	3,327	5,161	4,299	3,476	3,445	2,054	3,478	3,349	3,502	4,780	3,530	3,157	3,483	1,715	0	0	0
Proceeds from debt issuance
655	844	1,021	958	816	1,142	1,529	1,612	2,614	2,434	3,285	3,712	3,674	4,055	3,160	3,123	2,335	1,950	1,780	1,480	1,315	1,907	3,119	3,049	4,919	4,132	3,595	3,600	1,910	3,550	3,210	3,290	4,922	0	0	0	-	-	-	-
Debt issuance costs
24	24	35	35	23	43	31	22	27	7	8	8	12	12	12	15	4	0	0	0	-	-	-	-	30	29	36	36	19	28	12	13	30	0	0	0	-	-	-	-
Payments under long-term lease obligations
-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Stock repurchases
-	-	-	-	-	-	-	-	-	-	-	-	-	55	75	75	46	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments under long-term lease obligations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments under finance and capital lease obligations
49	52	53	50	53	47	44	43	39	33	32	46	57	59	60	40	31	31	33	30	26	29	27	27	23	18	17	18	20	0	0	0	-	-	-	-	-	-	-	-
Other, net
-0	-0	-0	-0	-2	-2	-3	-2	-11	-10	-10	-10	-7	-8	-9	-10	-9	-8	-8	-6	-9	-8	-9	-10	-6	-5	-2	-3	0	1	-4	-3	7	6	10	-4	-17	0	0	0
Net cash provided from (used in) financing activities
208	183	175	-116	-141	-254	-197	-54	-7	-8	21	-84	10	-425	-503	-322	-501	-88	-267	-549	-718	-849	-929	-922	-895	-812	-529	-492	-770	-540	-717	-764	-391	-161	-35	-312	-657	0	0	0
Increase (decrease) in cash, cash equivalents and restricted cash
-161	355	425	379	317	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Decrease in cash and cash equivalents
-	-	-	-	-	-	-	-	-	0	0	-23	-	-35	-5	0	3	-6	-7	4	-20	30	-23	15	-83	-41	40	-9	-95	80	-14	28	184	-120	-1	-544	-1,020	0	0	0
Supplemental Cash Flow Disclosures:
Interest paid, net of interest capitalized
349	516	641	804	886	898	866	871	855	835	838	857	867	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest paid, net of interest capitalized
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	542	591	571	601	640	641	637	671	623	618	540	601	500	550	525	493	0	0	0
Income taxes paid (refunded), net
-8	1	0	-13	-15	-14	-14	-1	1	-0	-0	-0	6	8	10	8	1	-12	-11	-9	-8	5	2	4	5	7	-207	19	-100	-125	90	-114	-11	9	42	96	120	0	0	0
Reorganization items paid
146	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equipment acquired under capital leases
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-
Windstream Services, LLC
Net (loss) income
-3,156	-3,517	-3,361	-2,910	-721	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
1,068	1,200	1,321	1,416	1,526	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for doubtful accounts
65	66	65	41	37	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Share-based compensation expense
2	-12	-6	3	11	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash reorganization items, net
48	51	55	45	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
-319	157	183	207	441	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Goodwill, Impairment Loss
2,712	2,712	2,712	2,339	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other, net
-8	-32	-39	-38	-29	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts receivable
33	33	75	106	47	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Prepaid income taxes
-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Prepaid expenses and other
55	15	38	-7	-46	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts payable
172	217	185	267	5	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued interest
-11	-37	-28	-55	-8	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued taxes
3	-8	-8	4	-9	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other current liabilities
48	42	45	30	35	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other liabilities
-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other, net
-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided from operating activities
535	723	768	993	1,014	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Additions to property, plant and equipment
878	845	821	795	820	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition of MASS, net of cash acquired
-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other, net
-1	-1	7	12	8	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in investing activities
-903	-550	-517	-496	-554	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributions to Windstream Holdings, Inc.
1	1	1	1	1	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of debt and swaps
372	579	706	902	747	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from debt issuance
655	844	1,021	958	816	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Debt issuance costs
24	24	35	35	23	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments under long-term lease obligations
-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments under finance and capital lease obligations
49	52	53	50	53	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other, net
-0	-0	-0	-0	-2	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided from (used in) financing activities
206	182	173	-118	-142	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase (decrease) in cash, cash equivalents and restricted cash
-161	355	425	379	317	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest paid, net of interest capitalized
349	516	641	804	886	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income taxes paid (refunded), net
-8	1	0	-13	-15	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Reorganization items paid
146	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-