GENERAL COMMUNICATION INC Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and

Show all filings for GENERAL COMMUNICATION INC | Request a Trial to NEW EDGAR Online Pro Form 8-K for GENERAL COMMUNICATION INC 22-Oct-2009Results of Operations and Financial Condition, Financial Statements and Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All informatio...
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GCI Prices $425 Million of New Senior Notes

ANCHORAGE, Alaska, Oct. 29 /PRNewswire-FirstCall/ -- General Communication, Inc. (Nasdaq: GNCMA - News) announced today the pricing of $425 million of new 8 5/8 percent Senior Notes due 2019 at a price of 99.17 percent (the "Notes") to be issued by its wholly-owned subsidiary, GCI, Inc. The net proceeds of the offering will be used to retire all outstanding amounts under its existing senior secured credit facility and the remainder will be used for general corporate purposes. The offering is expected to close on November 3, 2009, subject to customary closing conditions. The offering will be made only to qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended and outside the United States in accordance with Regulation S under the Securities Act. The Notes have not been registered under the Securities Act or the securities laws of any other jurisdiction and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.This media release shall not constitute an offer to sell or the solicitation of an offer to buy the offered Notes, nor shall there be any sales of Notes in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.A pioneer in bundled services, GCI is the top provider of voice, data, and video services to Alaska consumers with a 70 percent share of the consumer broadband market. GCI is al...
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GENERAL COMMUNICATION INC Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits

Show all filings for GENERAL COMMUNICATION INC | Request a Trial to NEW EDGAR Online Pro Form 8-K for GENERAL COMMUNICATION INC 29-Oct-2009Regulation FD Disclosure, Financial Statements and Exhibits Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "a...
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GCI Completes Issuance of $425 million of New Senior Notes due 2019; Receives Upgrades to Senior Notes due 2014

ANCHORAGE, Alaska, Nov. 3 /PRNewswire-FirstCall/ -- General Communication, Inc. (Nasdaq: GNCMA - News) announced today the completion of the previously announced offering of $425 million in aggregate principal amount of new 8 5/8 percent Senior Notes due 2019 at an issue price of 99.17 percent (the "2019 Notes") to be issued by its wholly-owned subsidiary, GCI, Inc. The 2019 Notes are rated BB- with credit watch stable from Standard & Poor's Rating Services ("S&P") and B2 with a stable outlook from Moody's Investors Services ("Moody's"). The net proceeds of the offering will be used to retire all outstanding amounts under an existing senior secured credit facility and the remainder will be used for general corporate purposes. The 2019 Notes were offered only to qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and to persons outside the United States in accordance with Regulation S under the Securities Act. The 2019 Notes have not been registered under the Securities Act or the securities laws of any other jurisdiction and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. This media release shall not constitute an offer to sell or the solicitation of an offer to buy the 2019 Notes, nor shall there be any sales of 2019 Notes in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of ...
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Q3 2009 General Communication Earnings Release - After Market Close

Earnings Announcements for Wednesday, November 4CompanySymbolTimeConferenceCall99 CENTS OnlyNDNAfter Market CloseAdept TechnologyADEPAfter Market CloseAffymax, Inc.AFFYBefore Market OpenAgilysys, Inc.AGYSBefore Market OpenAgrium Inc.AGUBefore Market OpenListenAlamo GroupALGAfter Market CloseALGOMA CENTRAL CORPALC.TOTime Not SuppliedALLIANCE BANKSHARES CORPABVAAfter Market CloseAllied Motion Technologies, Inc.AMOTTime Not SuppliedListenAlmost FamilyAFAMBefore Market OpenAlnylam PharmaceuticalsALNYAfter Market CloseListenAlon USA Energy Inc.ALJAfter Market CloseAlterian plcALN.LTime Not SuppliedAlvarionALVRBefore Market OpenListenAmbac Financial GroupABK08:30 am ETListenAmbassadors International, Inc.AMIEAfter Market CloseAmdocs LimitedDOX...
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GCI Reports Third Quarter 2009 Financial Results

ANCHORAGE, Alaska, Nov. 4 /PRNewswire-FirstCall/ -- GCI (Nasdaq: GNCMA - News) today reported third quarter 2009 revenues of $150.8 million as compared to revenues of $151.7 million in the third quarter of 2008. Third quarter 2009 earnings before interest, taxes, depreciation, amortization and adjusted for share-based compensation and non-cash contribution (adjusted EBITDA) totaled $50.3 million. Adjusted EBITDA increased $2.5 million or 5.3 percent from the third quarter of 2008. GCI's third quarter 2009 net income totaled $4.3 million or earnings per diluted share of $0.08 and compares to net income of $0.3 million, or earnings per diluted share of $0.00 for the same period of 2008.Third quarter 2009 revenues increased $2.0 million over total revenues of $148.8 million in the second quarter of 2009. Second quarter revenues included an accrual of approximately $2.4 million of Competitive Eligible Telecommunications Carrier (CETC) revenues that were attributable to prior quarters. Adjusted EBITDA decreased $0.9 million, or 1.9 percent from adjusted EBITDA of $51.2 million also in the second quarter of 2009. Second quarter EBITDA was favorably affected by the previously mentioned accrual of CETC revenues attributable to prior quarters."GCI turned in another strong quarter with good financial results driven by solid customer metrics," said GCI president Ron Duncan. "Led by increases of 7,400 wireless and 3,200 new cable modem subscribers, consumer customer counts were up in all categories year-over-year and in three ou...
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GENERAL COMMUNICATION INC Files SEC form 8-K, Entry into a Material Definitive Agreement, Results of Operations and F

Item 1.01 Entry into a Material Definitive Agreement On November 3, 2009 (the "Closing Date"), GCI, Inc. (the "Company"), which is a wholly-owned subsidiary of General Communication, Inc. ("GCI"), completed the previously announced offering (the "Offering") of $425 million in aggregate principal amount of its 8 5/8% Senior Notes due 2019 (the "2019 Notes") at an issue price of 99.17% to qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and to persons outside the United States in accordance with Regulation S under the Securities Act. The Company will use the net proceeds from this Offering to repay and retire all outstanding amounts under an existing senior secured credit facility and for general corporate purposes. The 2019 Notes will mature on November 15, 2019. The 2019 Notes will bear interest at the rate of 8 5/8% per year (calculated using a 360-day year) and will be payable semi-annually in cash on May 15 and November 15 of each year, beginning on May 15, 2010. The 2019 Notes are senior unsecured obligations of the Company which rank equally in right of payment with the Company's existing and future senior unsecured debt, including the Company's 7.25% Senior Notes due 2014, and senior in right of payment to all future subordinated indebtedness of the Company. The 2019 Notes were issued pursuant to an Indenture, dated as of the Closing Date, between the Company and Union Bank, N.A., as trustee (the "Indenture"). The Company is not required to make mandatory sinking fund payments with respect to the 2019 Notes. Upon the occurrence of a change of control of the Company, each holder of 2019 Notes will have the right to require the Company to purchase all or any part (equal to $1,000 or an integral multiple thereof, except that no 2019 Note will be purchased in part if the remaining portion thereof would not be at lea...
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GENERAL COMMUNICATION INC Financials

PERIOD ENDING30-Sep-0930-Jun-0931-Mar-0931-Dec-08Total Revenue150,816  148,796  148,689  146,647  Cost of Revenue50,167  47,348  47,857  48,898  Gross Profit100,649  101,448  100,832  97,749  Operating ExpensesResearch Development -   -   -   -  Selling General and Administrative49,045  51,719  56,586  59,230  Non Recurring -   -   -   -  Others30,874  31,170  30,734  30,549  Total Operating Expenses -   -   -   -  Operating Income or Loss20,730  18,559  13,512  7,970  Income from Continuing OperationsTotal Other Income/Expenses Net49  11  8  1,033  Earnings Before Interest And Taxes20,779  18,570  13,520  9,003  Interest Expense13,176  13,273  12,647  17,086  Income Before Tax7,603  5,297  873  (8,083)Income Tax Expense3,267  2,733  519  (3,681)Minority Interest -   -   -   -  Net Income From Continuing Ops4,336  2,564  354  (4,402)Non-recurring EventsDiscontinued Operations -   -   -   -  Extraordinary Items -   -   -   -  Effect ...
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GENERAL COMMUNICATION INC Files SEC form 10-Q, Quarterly Report

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS In the following discussion, General Communication, Inc. and its direct and indirect subsidiaries are referred to as "we," "us" and "our." Management's Discussion and Analysis of Financial Condition and Results of Operations discusses our consolidated financial statements, which have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP"). The preparation of these financial statements requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. On an on-going basis, we evaluate our estimates and judgments, including those related to the allowance for doubtful receivables, unbilled revenues, accrual of the USF high-cost area program subsidy, share-based compensation, reserve for future customer credits, valuation allowances for deferred income tax assets, depreciable and amortizable lives of assets, the carrying value of long-lived assets including goodwill, cable certificates and wireless licenses, our effective tax rate, purchase price allocations, the accrual of cost of goods sold exclusive of depreciation and amortization ("Cost of Goods Sold"), depreciation, and contingencies and litigation. We base our estimates and judgments on historical experience and on various other factors that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates under different assumptions or conditions. See also our "Cautionary Statement Regarding Forward-Looking Statements."...
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General Communication Earnings Call scheduled for 2:00 pm ET today

Call DetailsGeneral Communication Earnings Conference Call (Q3 2009)Thu, Nov 5, 2009, 2:00 pm EasternAbout General Communication (NasdaqGS:GNCMA)General Communication, Inc. provides a range of communications services in Alaska, the United States. Its Consumer segment offers voice services and products, including interstate and intrastate-switched message telephone communications service, and local access services; video services and products, such as video services over broadband cable systems, which include basic cable, digital cable, high-definition television, digital video recorder, premium channel programming, video on demand, and pay-per-view programming; and data services and products consisting of high-speed cable modem, dial-up, mobile wireless, and fixed wireless Internet access for consumer use. This segment also offers mobile services and AT&T mobility services under the Alaska DigiTel, Alaska Wireless, and GCI brand names; sells handsets and personal computer wireless data cards, and accessories, such as carrying cases, hands-free devices, batteries, and battery chargers; and bundled services and products. The company’s Network Access segment offers wholesale voice and data services and products, as well as network transport, billing services, and access to other common carrier customers. Its Commercial segment offers a range of voice, video, directories, data networks, managed services, wireless services and products, and bundled services to commercial and governmental customers. The company’s Managed Broadband segment offers Internet access and related services for schools and health organizations. Its Regulated Operations segment offers wireline and wireless communications services, including long-distance, voice and data services, and products to residential and commercial customers. As of December 31, 2008, the company ha...
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