Sprint Q3 adjusted free cash flow $397 million

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This is including its highest retail net additions in nearly three years with postpaid net additions of 256,000 and prepaid net additions of 63,000.

The company also reported its eighth consecutive quarter of operating income and the highest fiscal third quarter adjusted EBITDA in 11 years.

Net cash provided by operating activities of $1.2 billion improved by more than $500 million year-over-year.

Adjusted free cash flow of $397 million improved by more than $1 billion year-over-year and the company is raising its fiscal year 2017 expectation from around break-even to a range of $500 million to $700 million.

Sprint’s execution in both its postpaid and prepaid businesses resulted in the highest retail net additions in nearly three years. Postpaid net additions of 256,000 in the quarter included 184,000 phone net additions, the tenth consecutive quarter of postpaid phone net additions.

Sprint’s prepaid business also continued to add customers with 63,000 net additions, its fourth consecutive quarter of net additions and a 523,000 improvement compared to the prior year.

Prepaid churn improved year-over-year for the sixth consecutive quarter, and gross prepaid additions grew year-over-year for the second consecutive quarter.

The sustained improvement in prepaid customer trends has translated into better financial results, as prepaid wireless service revenue grew year-over-year for the first time in nearly three years.

 

Source:- Fiscal 3q17 Earnings Release Final – S21.q4cdn.com, http://s21.q4cdn.com/487940486/files/doc_financials/quarterly/2017/q3/01_Fiscal- (accessed February 05, 2018).

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