|
|
|
Company Links |
 |
 |
|
|
|
|
|
|
Major Stock Holders
(Prior To
Offering) |
Name |
Class A |
|
Arthur C. Patterson |
11.70% |
|
C. Kevin Landry |
13.24% |
|
James N. Perry, Jr |
13.20% |
|
Madison Dearborn Capital Partners IV |
13.20% |
|
TA Associates |
13.24% |
|
|
|
|
|
|
|
|
|
|
Company Strategy |
 |
 |
|
The Company offers wireless broadband personal communication services, or PCS, on a no long-term contract, flat rate, unlimited usage basis in selected major metropolitan markets in the United States. |
|
|
|
Product/Services Portfolio |
 |
 |
|
The Company provides wireless broadband PCS services. All service plans are \\\\\\\\\\\\\\\"paid-in-advance\\\\\\\\\\\\\\\" and do not require a long-term contract.
The Company’s data services include:
- services provided through the Binary Runtime Environment for Wireless, or BREW, platform, including ringtones, games and content applications;
- text messaging services (domestic and international), which allow the customer to send and receive alphanumeric messages that the handset can receive, store and display on demand;
- multimedia messaging services, which allow the customer to send and receive messages containing photographs; and
- mobile Internet browsing.
The Company offers other custom calling features, including caller ID, call waiting, three-way calling, distinctive ringtones, ring back tones and voicemail.
The Company sells a variety of handsets manufactured by nationally recognized handset manufacturers for use on its network, including models that provide color screens, camera phones and other features facilitating digital data. All of the handsets the Company offers are CDMA 1XRTT compliant and are capable of providing the location data mandated by the FCC\\\\\\\\\\\\\\\'s wireless E-911 rules and regulations.
|
|
|
Investment Analysis |
 |
 |
|
Service revenues increased $285.0 million, or 45%, to $916.2 million for the nine months ended September 30, 2006 from $631.2 million for the nine months ended September 30, 2005.
Equipment revenues increased $58.6 million, or 49%, to $177.6 million for the nine months ended September 30, 2006 from $119.0 million for the nine months ended September 30, 2005.
Cost of service increased $111.6 million, or 55%, to $313.5 million for the nine months ended September 30, 2006 from $201.9 million for the nine months ended September 30, 2005.
Cost of equipment increased $120.4 million, or 57%, to $330.9 million for the nine months ended September 30, 2006 from $210.5 million for the nine months ended September 30, 2005.
Depreciation and amortization expense increased $34.3 million, or 55%, to $96.2 million for the nine months ended September 30, 2006 from $61.9 million for the nine months ended September 30, 2005.
Interest expense increased $26.5 million, or 65%, to $67.4 million for the nine months ended September 30, 2006 from $40.9 million for the nine months ended September 30, 2005.
|
|
|
|
Income Data (Thousand $ Except EPS) |
| Year |
Revenues |
Costs |
Oper Income |
Taxes |
Net Income |
EPS |
| 2001
|
0.00 |
29,626 |
-29,626 |
0.00 |
-45,180 |
-.72 |
| 2002
|
125,595 |
-38,400 |
163,995 |
0.00 |
139,067 |
1.13 |
| 2003
|
451,109 |
409,936 |
41,173 |
-16,179 |
15,258 |
-0.10 |
| 2004
|
748,250 |
620,492 |
127,758 |
-47,000 |
64,890 |
0.55 |
| 2005
|
1,038,428 |
616,251 |
422,177 |
-127,425 |
198,677 |
2.12 |
| 2006
|
1,093,771 |
923,279 |
170,492 |
-47,245 |
70,625 |
0.57 |
| *As of period ended September 30, 2006
| |
|
|
Balance Sheet Data
(Thousand $) |
Year |
Cash |
Acct Recv. |
Inventory |
Total Cur Assets |
Total Cur Liability |
PPE |
Total Assets |
LT Debt |
SH Equity |
|
2004 |
22,477 |
9,101 |
33,717 |
156,558 |
163,020 |
636,368 |
965,396 |
170,689 |
125,434 |
|
2005 |
112,709 |
16,028 |
39,431 |
612,102 |
235,617 |
831,490 |
2,158,981 |
902,864 |
367,906 |
|
2006 |
116,265 |
23,506 |
39,648 |
489,496 |
563,378 |
1,207,982 |
2,626,174 |
902,594 |
427,689 |
|
*As of period ended September 30, 2006
| |
|
|
| Cash
Flow Summary
(Thousand $) |
Year |
Net Cash-Ops |
Net Cash-Inv |
Net Cash-Fin |
Net Change |
|
2003 |
112,605 |
-306,868 |
201,951 |
7,688 |
|
2004 |
150,379 |
-190,881 |
-5,433 |
-45,935 |
|
2005 |
283,216 |
-905,228 |
712,244 |
90,232 |
|
2006 |
284,688 |
-489,255 |
208,123 |
3,556 |
|
*As of period ended September 30, 2006
| |
|
| |
|
| |
|
|