Cable One, Inc. (NYSE: CABO) (the “Company” or “Cable ONE”)
today reported financial and operating results for the quarter
ended June 30, 2019.
Second Quarter 2019 Highlights:
- Total revenues were $285.7
million in the second quarter of 2019 compared to $268.4 million in
the second quarter of 2018, an increase of 6.4%. Residential data
revenues increased 8.5% and business services revenues increased
29.3% year-over-year.
- Net income was $36.4 million
in the second quarter of 2019, a decrease of 16.9% year-over-year.
Adjusted EBITDA(1) was $137.6 million, an increase of 8.1%
year-over-year. Net profit margin was 12.7% and Adjusted EBITDA
margin(1) was 48.2%.
- Net cash provided by
operating activities was $108.1 million in the second quarter of
2019, an increase of 6.1% year-over-year. Adjusted EBITDA less
capital expenditures(1) was $73.7 million in the second quarter of
2019 compared to $77.4 million in the second quarter of
2018.
- Residential data primary
service units (“PSUs”) grew by more than 20,000, or 3.4%,
year-over-year.
- Significant financing
transactions completed during the quarter included:
- Refinanced the existing
$234.4 million term loan A with a new $250.0 million term loan A,
increased the revolver capacity to $350.0 million from $250.0
million and obtained a new $450.0 million delayed draw term loan;
and
- Redeemed $450.0 million
aggregate principal amount of unsecured notes with cash on hand and
$325.0 million in new term loan borrowings (the “Notes
Redemption”).
- In April 2019, the Company
announced that it had entered into an agreement with Fidelity
Communications Co. to acquire its data, video and voice business
and certain related assets (collectively, “Fidelity”) for $525.9
million in cash, subject to customary post-closing adjustments. The
transaction is expected to close early in the fourth quarter of
2019 and to be financed with cash on hand, revolver capacity and
borrowings under the new $450.0 million delayed draw term
loan.
(1)
Adjusted EBITDA, Adjusted EBITDA margin
and Adjusted EBITDA less capital expenditures are defined in the
section of this press release entitled “Use of Non-GAAP Financial
Measures.” Adjusted EBITDA and Adjusted EBITDA less capital
expenditures are reconciled to net income, Adjusted EBITDA margin
is reconciled to net profit margin and Adjusted EBITDA less capital
expenditures is also reconciled to net cash provided by operating
activities. Refer to the “Reconciliations of Non-GAAP Measures”
tables within this press release.
Second Quarter 2019 Financial Results Compared to Second
Quarter 2018
Revenues increased $17.2 million, or 6.4%, to $285.7 million for
the second quarter of 2019, including a $6.8 million contribution
from Clearwave Communications (“Clearwave”) operations. The
remaining increase was driven primarily by residential data and
business services revenue growth, partially offset by decreases in
residential video and advertising sales revenues. For the second
quarter of 2019 and 2018, residential data revenues comprised 46.5%
and 45.6% of total revenues and business services revenues
comprised 17.4% and 14.3% of total revenues, respectively.
Operating expenses (excluding depreciation and amortization)
were $95.7 million in the second quarter of 2019 compared to $91.8
million in the second quarter of 2018. The increase was primarily
attributable to additional expenses related to Clearwave operations
and various other operating expenses. As a percentage of revenues,
operating expenses were 33.5% for the second quarter of 2019
compared to 34.2% for the year-ago quarter.
Selling, general and administrative expenses were $60.1 million
for the second quarter of 2019 and increased $5.9 million, or
10.9%, compared to the second quarter of 2018. The increase was
primarily attributable to higher rebranding costs,
acquisition-related costs and other expenses incurred during the
second quarter of 2019 as well as additional expenses related to
Clearwave operations. Selling, general and administrative expenses
as a percentage of revenues were 21.0% and 20.2% for the second
quarter of 2019 and 2018, respectively.
Depreciation and amortization expense was $54.8 million for the
second quarter of 2019 and increased $5.8 million, or 11.8%,
compared to the second quarter of 2018. The increase was due
primarily to new assets placed in service since the second quarter
of 2018 and additional depreciation and amortization related to
Clearwave operations, partially offset by assets that became fully
depreciated since the second quarter of 2018. The Company
recognized $0.9 million and $2.7 million of net losses on asset
disposals during the second quarter of 2019 and 2018,
respectively.
Interest expense increased $3.6 million, or 23.8%, to $18.5
million, driven by additional outstanding debt and an increase in
interest rates year-over-year.
Other expense of $9.6 million in the second quarter of 2019
consisted primarily of a $6.5 million call premium related to the
Notes Redemption and $4.9 million of debt issuance cost write-offs
and expenses associated with financing transactions, partially
offset by interest and investment income. Other income of $0.9
million in the second quarter of 2018 consisted primarily of
interest income.
Income tax provision was $9.6 million in the second quarter of
2019 compared to $12.8 million in the prior year quarter. The
effective tax rate was 20.8% and 22.6% for the second quarter of
2019 and 2018, respectively. The decrease in the effective tax rate
primarily related to a $1.7 million increase in income tax benefits
attributable to equity-based compensation awards, partially offset
by a $1.2 million decrease in income tax benefits attributable to
state effective tax rate changes.
Net income was $36.4 million in the second quarter of 2019
compared to $43.8 million in the prior year quarter.
Adjusted EBITDA was $137.6 million and $127.2 million for the
second quarter of 2019 and 2018, respectively, an increase of 8.1%.
Capital expenditures totaled $63.9 million and $49.8 million for
the second quarter of 2019 and 2018, respectively. Adjusted EBITDA
less capital expenditures for the second quarter of 2019 was $73.7
million compared to $77.4 million in the prior year quarter.
Liquidity and Capital Resources
At June 30, 2019, the Company had $102.3 million of cash and
cash equivalents on hand compared to $264.1 million at December 31,
2018. The Company’s debt balance was approximately $1.3 billion and
$1.2 billion at June 30, 2019 and December 31, 2018, respectively.
The Company also had $344.5 million available for borrowing under
its revolving credit facility as of June 30, 2019.
During the quarter, the Company incurred $325.0 million in new
term loan borrowings maturing in January 2026 and redeemed all
$450.0 million aggregate principal amount of its outstanding
unsecured notes. The Company also refinanced its existing $234.4
million term loan A with a new $250.0 million term loan A,
increased its revolver capacity to $350.0 million and obtained a
new $450.0 million delayed draw term loan, all maturing in May
2024.
The Company paid $11.4 million in dividends to stockholders
during the second quarter of 2019.
Conference Call
Cable ONE will host a conference call with the financial
community to discuss results for the second quarter of 2019 on
Wednesday, August 7, 2019, at 5 p.m. Eastern Time (ET).
Shareholders, analysts and other interested parties may register
for the conference in advance at http://dpregister.com/10132892.
Those unable to pre-register may join the call via the live audio
webcast on the Cable ONE Investor Relations website or by dialing
1-844-378-6483 (Canada: 1-855-669-9657/International:
1-412-542-4178) shortly before 5 p.m. ET.
A replay of the call will be available from Wednesday, August 7,
2019 until Wednesday, August 21, 2019 on the Cable ONE Investor
Relations website.
Additional Information
The information in this press release should be read in
conjunction with the condensed consolidated financial statements
and notes thereto contained in the Company’s Quarterly Report on
Form 10-Q for the period ended June 30, 2019, which will be posted
on the “SEC Filings” section of the Cable ONE Investor Relations
website at ir.cableone.net when it is filed with the U.S.
Securities and Exchange Commission (the “SEC”). Investors and
others interested in more information about Cable ONE should
consult the Company’s website, which is regularly updated with
financial and other important information about the Company.
Use of Non-GAAP Financial Measures
The Company uses certain measures that are not defined by
generally accepted accounting principles in the United States
(“GAAP”) to evaluate various aspects of its business. Adjusted
EBITDA, Adjusted EBITDA margin, Adjusted EBITDA less capital
expenditures and capital expenditures as a percentage of Adjusted
EBITDA are non-GAAP financial measures and should be considered in
addition to, not as superior to, or as a substitute for, net
income, net profit margin or net cash provided by operating
activities reported in accordance with GAAP. Adjusted EBITDA and
Adjusted EBITDA less capital expenditures are reconciled to net
income, Adjusted EBITDA margin is reconciled to net profit margin
and capital expenditures as a percentage of Adjusted EBITDA is
reconciled to capital expenditures as a percentage of net income.
Adjusted EBITDA less capital expenditures is also reconciled to net
cash provided by operating activities. These reconciliations are
included in the “Reconciliations of Non-GAAP Measures” tables
within this press release.
“Adjusted EBITDA” is defined as net income plus interest
expense, income tax provision, depreciation and amortization,
equity-based compensation, severance expense, (gain) loss on
deferred compensation, acquisition-related costs, (gain) loss on
asset disposals, system conversion costs, rebranding costs, other
(income) expense and other unusual expenses, as provided in the
“Reconciliations of Non-GAAP Measures” tables within this press
release. As such, it eliminates the significant non-cash
depreciation and amortization expense that results from the
capital-intensive nature of the Company’s business as well as other
non-cash or special items and is unaffected by the Company’s
capital structure or investment activities. This measure is limited
in that it does not reflect the periodic costs of certain
capitalized tangible and intangible assets used in generating
revenues and the Company’s cash cost of debt financing. These costs
are evaluated through other financial measures.
“Adjusted EBITDA margin” is defined as Adjusted EBITDA divided
by total revenues.
“Adjusted EBITDA less capital expenditures,” when used as a
liquidity measure, is calculated as net cash provided by operating
activities excluding the impact of capital expenditures, interest
expense, income tax provision, changes in operating assets and
liabilities, change in deferred income taxes and other unusual
expenses, as provided in the “Reconciliations of Non-GAAP Measures”
tables within this press release.
“Capital expenditures as a percentage of Adjusted EBITDA” is
defined as capital expenditures divided by Adjusted EBITDA.
The Company uses Adjusted EBITDA, Adjusted EBITDA margin,
Adjusted EBITDA less capital expenditures and capital expenditures
as a percentage of Adjusted EBITDA to assess its performance, and
it also uses Adjusted EBITDA less capital expenditures as an
indicator of its ability to fund operations and make additional
investments with internally-generated funds. In addition, Adjusted
EBITDA generally correlates to the measure used in the leverage
ratio calculations under the Company’s credit facilities to
determine compliance with the covenants contained in the credit
agreement. Adjusted EBITDA and capital expenditures are also
significant performance measures used by the Company in its annual
incentive compensation program. Adjusted EBITDA does not take into
account cash used for mandatory debt service requirements or other
non-discretionary expenditures, and thus does not represent
residual funds available for discretionary uses.
The Company believes Adjusted EBITDA, Adjusted EBITDA margin and
capital expenditures as a percentage of Adjusted EBITDA are useful
to investors in evaluating the operating performance of the
Company. The Company believes that Adjusted EBITDA less capital
expenditures is useful to investors as it shows the Company’s
performance while taking into account cash outflows for capital
expenditures and is one of several indicators of the Company’s
ability to service debt, make investments and/or return capital to
its shareholders.
Adjusted EBITDA, Adjusted EBITDA margin, Adjusted EBITDA less
capital expenditures, capital expenditures as a percentage of
Adjusted EBITDA and similar measures with similar titles are common
measures used by investors, analysts and peers to compare
performance in the Company’s industry, although the Company’s
measures of Adjusted EBITDA, Adjusted EBITDA margin, Adjusted
EBITDA less capital expenditures and capital expenditures as a
percentage of Adjusted EBITDA may not be directly comparable to
similarly titled measures reported by other companies.
About Cable ONE
Cable One, Inc. (NYSE: CABO) is a leading broadband
communications provider serving more than 800,000 residential and
business customers in 21 states through its Sparklight™ and
Clearwave brands. Sparklight provides consumers with a wide array
of connectivity and entertainment services, including high-speed
internet and advanced Wi-Fi solutions, cable television and phone
service. Sparklight Business and Clearwave provide scalable and
cost-effective products for businesses ranging in size from small
to mid-market, in addition to enterprise, wholesale and carrier
customers.
CAUTIONARY STATEMENT REGARDING
FORWARD-LOOKING STATEMENTS
This communication may contain “forward-looking statements” that
involve risks and uncertainties. These statements can be identified
by the fact that they do not relate strictly to historical or
current facts, but rather are based on current expectations,
estimates, assumptions and projections about the Company’s
industry, business, financial results and financial condition.
Forward-looking statements often include words such as “will,”
“should,” “anticipates,” “estimates,” “expects,” “projects,”
“intends,” “plans,” “believes” and words and terms of similar
substance in connection with discussions of future operating or
financial performance. As with any projection or forecast,
forward-looking statements are inherently susceptible to
uncertainty and changes in circumstances. The Company’s actual
results may vary materially from those expressed or implied in its
forward-looking statements. Accordingly, undue reliance should not
be placed on any forward-looking statement made by the Company or
on its behalf. Important factors that could cause the Company’s
actual results to differ materially from those in its
forward-looking statements include government regulation, economic,
strategic, political and social conditions and the following
factors:
- uncertainties as to the timing of the anticipated acquisition
of Fidelity and the risk that the transaction may not be completed
in a timely manner or at all;
- the possibility that any or all of the various conditions to
the consummation of the anticipated acquisition of Fidelity may not
be satisfied or waived;
- the effect of the announcement or pendency of the Fidelity
transaction on the Company’s and Fidelity’s ability to retain and
hire key personnel and to maintain relationships with customers,
suppliers and other business partners;
- risks related to management’s attention being diverted from the
Company’s ongoing business operations;
- uncertainties as to the Company’s ability and the amount of
time necessary to realize the expected synergies and other benefits
of the Fidelity transaction;
- the Company’s ability to integrate Fidelity’s operations into
its own;
- rising levels of competition from historical and new entrants
in the Company’s markets;
- recent and future changes in technology;
- the Company’s ability to continue to grow its business services
products;
- increases in programming costs and retransmission fees;
- the Company’s ability to obtain hardware, software and
operational support from vendors;
- the effects of any new significant acquisitions by the
Company;
- risks that the Company’s rebranding may not produce the
benefits expected;
- adverse economic conditions;
- the integrity and security of the Company’s network and
information systems;
- the impact of possible security breaches and other disruptions,
including cyber-attacks;
- the Company’s failure to obtain necessary intellectual and
proprietary rights to operate its business and the risk of
intellectual property claims and litigation against the
Company;
- the Company’s ability to retain key employees;
- legislative or regulatory efforts to impose network neutrality
and other new requirements on the Company’s data services;
- additional regulation of the Company’s video and voice
services;
- the Company’s ability to renew cable system franchises;
- increases in pole attachment costs;
- changes in local governmental franchising authority and
broadcast carriage regulations;
- the potential adverse effect of the Company’s level of
indebtedness on its business, financial condition or results of
operations and cash flows;
- the possibility that interest rates will rise, causing the
Company’s obligations to service its variable rate indebtedness to
increase significantly;
- the Company’s ability to incur future indebtedness;
- fluctuations in the Company’s stock price;
- the Company’s ability to continue to pay dividends;
- dilution from equity awards and potential stock issuances in
connection with acquisitions;
- provisions in the Company’s charter, by-laws and Delaware law
that could discourage takeovers; and
- the other risks and uncertainties detailed from time to time in
the Company’s filings with the SEC, including but not limited to
its latest Annual Report on Form 10-K as filed with the SEC.
Any forward-looking statements made by the Company in this
communication speak only as of the date on which they are made. The
Company is under no obligation, and expressly disclaims any
obligation, except as required by law, to update or alter its
forward-looking statements, whether as a result of new information,
subsequent events or otherwise.
CABLE ONE, INC.
CONDENSED CONSOLIDATED
STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME
(Unaudited)
Three Months Ended June
30,
(dollars in
thousands, except per share data)
2019
2018
$ Change
% Change
Revenues:
Residential data
$
132,824
$
122,471
$
10,353
8.5%
Residential video
84,033
87,462
(3,429)
(3.9)%
Residential voice
10,705
10,504
201
1.9%
Business services
49,759
38,485
11,274
29.3%
Advertising sales
4,750
5,916
(1,166)
(19.7)%
Other
3,579
3,576
3
0.1%
Total Revenues
285,650
268,414
17,236
6.4%
Costs and Expenses:
Operating (excluding depreciation and
amortization)
95,688
91,783
3,905
4.3%
Selling, general and administrative
60,103
54,196
5,907
10.9%
Depreciation and amortization
54,835
49,033
5,802
11.8%
Loss on asset disposals, net
910
2,734
(1,824)
(66.7)%
Total Costs and Expenses
211,536
197,746
13,790
7.0%
Income from operations
74,114
70,668
3,446
4.9%
Interest expense
(18,516)
(14,953)
(3,563)
23.8%
Other income (expense), net
(9,632)
882
(10,514)
NM
Income before income taxes
45,966
56,597
(10,631)
(18.8)%
Income tax provision
9,571
12,812
(3,241)
(25.3)%
Net income
$
36,395
$
43,785
$
(7,390)
(16.9)%
Net Income per Common Share:
Basic
$
6.41
$
7.70
$
(1.29)
(16.8)%
Diluted
$
6.35
$
7.65
$
(1.30)
(17.0)%
Weighted Average Common Shares
Outstanding:
Basic
5,673,669
5,687,095
(13,426)
(0.2)%
Diluted
5,730,238
5,722,869
7,369
0.1%
Deferred loss on cash flow hedges and
other, net of tax
$
(33,970)
$
-
$
(33,970)
NM
Comprehensive income
$
2,425
$
43,785
$
(41,360)
(94.5)%
__________
NM = Not meaningful.
CABLE ONE, INC.
CONDENSED CONSOLIDATED BALANCE
SHEETS
(Unaudited)
(dollars in
thousands, except par values)
June 30, 2019
December 31, 2018
Assets
Current Assets:
Cash and cash equivalents
$
102,283
$
264,113
Accounts receivable, net
30,340
29,947
Income taxes receivable
2,693
10,713
Prepaid and other current assets
20,400
13,090
Total Current Assets
155,716
317,863
Property, plant and equipment, net
977,398
847,979
Intangible assets, net
1,035,210
953,851
Goodwill
355,347
172,129
Other noncurrent assets
25,781
11,412
Total Assets
$
2,549,452
$
2,303,234
Liabilities and Stockholders'
Equity
Current Liabilities:
Accounts payable and accrued
liabilities
$
102,817
$
94,134
Deferred revenue
23,078
18,954
Current portion of long-term debt
17,153
20,625
Total Current Liabilities
143,048
133,713
Long-term debt
1,280,637
1,142,056
Deferred income taxes
263,245
242,127
Other noncurrent liabilities
99,614
9,980
Total Liabilities
1,786,544
1,527,876
Stockholders' Equity
Preferred stock ($0.01 par value;
4,000,000 shares authorized; none issued or outstanding)
-
-
Common stock ($0.01 par value; 40,000,000
shares authorized; 5,887,899 shares issued; and 5,706,812 and
5,703,402 shares outstanding as of June 30, 2019 and December 31,
2018, respectively)
59
59
Additional paid-in capital
45,001
38,898
Retained earnings
902,615
850,292
Accumulated other comprehensive loss
(63,135)
(96)
Treasury stock, at cost (181,087 and
184,497 shares held as of June 30, 2019 and December 31, 2018,
respectively)
(121,632)
(113,795)
Total Stockholders' Equity
762,908
775,358
Total Liabilities and Stockholders'
Equity
$
2,549,452
$
2,303,234
CABLE ONE, INC.
RECONCILIATIONS OF NON-GAAP
MEASURES
(Unaudited)
Three Months Ended June
30,
(dollars in
thousands)
2019
2018
$ Change
% Change
Net income
$
36,395
$
43,785
$
(7,390)
(16.9)%
Net profit margin
12.7%
16.3%
Plus:
Interest expense
$
18,516
$
14,953
$
3,563
23.8%
Income tax provision
9,571
12,812
(3,241)
(25.3)%
Depreciation and amortization
54,835
49,033
5,802
11.8%
Equity-based compensation
3,082
2,506
576
23.0%
Severance expense
15
377
(362)
(96.0)%
Loss on deferred compensation
78
600
(522)
(87.0)%
Acquisition-related costs
871
-
871
NM
Loss on asset disposals, net
910
2,734
(1,824)
(66.7)%
System conversion costs
777
1,327
(550)
(41.4)%
Rebranding costs
2,902
-
2,902
NM
Other (income) expense, net
9,632
(882)
10,514
NM
Adjusted EBITDA
$
137,584
$
127,245
$
10,339
8.1%
Adjusted EBITDA margin
48.2%
47.4%
Less:
Capital expenditures
$
63,861
$
49,849
$
14,012
28.1%
Capital expenditures as a percentage of
net income
175.5%
113.8%
Capital expenditures as a percentage of
Adjusted EBITDA
46.4%
39.2%
Adjusted EBITDA less capital
expenditures
$
73,723
$
77,396
$
(3,673)
(4.7)%
__________
NM = Not meaningful.
Three Months Ended June
30,
(dollars in
thousands)
2019
2018
$ Change
% Change
Net cash provided by operating
activities
$
108,116
$
101,909
$
6,207
6.1%
Capital expenditures
(63,861)
(49,849)
(14,012)
28.1%
Interest expense
18,516
14,953
3,563
23.8%
Amortization of debt issuance cost
(1,291)
(1,042)
(249)
23.9%
Income tax provision
9,571
12,812
(3,241)
(25.3)%
Changes in operating assets and
liabilities
(2,851)
1,150
(4,001)
NM
Change in deferred income taxes
(4,545)
(3,849)
(696)
18.1%
Loss on deferred compensation
78
600
(522)
(87.0)%
Acquisition-related costs
871
-
871
NM
Severance expense
15
377
(362)
(96.0)%
Write-off of debt issuance costs
(4,207)
(110)
(4,097)
NM
System conversion costs
777
1,327
(550)
(41.4)%
Rebranding costs
2,902
-
2,902
NM
Other (income) expense, net
9,632
(882)
10,514
NM
Adjusted EBITDA less capital
expenditures
$
73,723
$
77,396
$
(3,673)
(4.7)%
__________
NM = Not meaningful.
CABLE ONE, INC.
OPERATING STATISTICS
(Unaudited)
As of June 30,
Year-Over-Year Change
2019
2018
Amount
%
Homes Passed
2,132,552
2,087,157
45,395
2.2%
Residential Customers
742,137
730,007
12,130
1.7%
Data PSUs
612,626
592,234
20,392
3.4%
Video PSUs
293,237
323,514
(30,277)
(9.4)%
Voice PSUs
93,918
103,834
(9,916)
(9.5)%
Total residential PSUs
999,781
1,019,582
(19,801)
(1.9)%
Business Customers
76,442
69,609
6,833
9.8%
Data PSUs
69,136
61,642
7,494
12.2%
Video PSUs
15,256
16,598
(1,342)
(8.1)%
Voice PSUs
29,754
25,849
3,905
15.1%
Total business services PSUs
114,146
104,089
10,057
9.7%
Total Customers
818,579
799,616
18,963
2.4%
Total non-video
508,294
460,707
47,587
10.3%
Percent of total
62.1%
57.6%
Data PSUs
681,762
653,876
27,886
4.3%
Video PSUs
308,493
340,112
(31,619)
(9.3)%
Voice PSUs
123,672
129,683
(6,011)
(4.6)%
Total PSUs
1,113,927
1,123,671
(9,744)
(0.9)%
Penetration
Data
32.0%
31.3%
0.7%
Video
14.5%
16.3%
(1.8)%
Voice
5.8%
6.2%
(0.4)%
Share of Second Quarter
Revenues
Residential data
46.5%
45.6%
0.9%
Business services
17.4%
14.3%
3.1%
Total
63.9%
59.9%
4.0%
ARPU - Second Quarter
Residential data(1)
$
71.80
$
68.47
$
3.33
4.9%
Residential video(1)
$
93.43
$
88.55
$
4.88
5.5%
Residential voice(1), (2)
$
37.32
$
33.22
$
4.10
12.3%
Business services(2), (3)
$
218.77
$
187.04
$
31.73
17.0%
Number of Employees
2,297
2,292
5
0.2%
__________
(1)
Average monthly revenue per unit values
represent the applicable quarterly residential service revenues
(excluding installation and activation fees) divided by the
corresponding average of the number of PSUs at the beginning and
end of each period, divided by three.
(2)
The increases in residential voice and
business services ARPU from the prior year were partially a result
of certain passthrough fees that were historically reported on a
net basis. Residential voice and business services ARPU for the
second quarter of 2019 would have been $33.14 and $214.64,
respectively, if reported on a comparable basis.
(3)
Average monthly revenue per unit values
represent quarterly business services revenues divided by the
average of the number of business customer relationships at the
beginning and end of each period, divided by three.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20190807005136/en/
Trish Niemann Corporate Communications Director 602-364-6372
patricia.niemann@cableone.biz
Steven Cochran Chief Financial Officer
investor_relations@cableone.biz
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