NII Holdings, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2018; Reports Asset Impairment Charges for the Third Quarter Ended September 30, 2018
November 08, 2018 at 07:00 am EST
Share
NII Holdings Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2018. For the quarter, the company's operating revenues were $141.7 million against $205.4 million a year ago. Operating income was $1.3 million against loss of $74.5 million a year ago. Loss from continuing operations before income tax benefit was $49.7 million against $85.5 million a year ago. Net loss from continuing operations was $49.7 million against $85.5 million a year ago. Net loss attributable to the company was $41.0 million against $61.0 million a year ago. Net loss from continuing operations per common share, basic and diluted was $0.50 against $0.85 a year ago. Net loss per common share, basic and diluted was $0.50 against $0.85 a year ago. Consolidated OIBDA was $8.1 million against loss of $68.4 million a year ago. Consolidated adjusted OIBDA was $8.1 million against loss of $33.6 million a year ago. Capital expenditures were $18 million for the quarter.
For nine months, the company's operating revenues were $479.0 million against $681.5 million a year ago. Operating loss was $32.2 million against $223.2 million a year ago. Loss from continuing operations before income tax benefit was $188.3 million against $271.4 million a year ago. Net loss from continuing operations was $188.3 million against $265.6 million a year ago. Net loss attributable to the company was $143.4 million against $238.4 million a year ago. Net loss from continuing operations per common share, basic and diluted was $1.88 against $2.65 a year ago. Net loss per common share, basic and diluted was $1.91 against $2.62 a year ago. Net cash used in operating activities was $96.9 million against $62.7 million a year ago. Consolidated OIBDA negative was $10.4 million against $194.7 million a year ago. Consolidated adjusted OIBDA was $3.7 million against loss of $33.8 million a year ago.
For the quarter, the company's asset impairment charges, net were $1.1 million.
NII Holdings Inc is a United States-based company. The Company provided wireless communication services under the Nextel brand in Latin America. The Company has no active operations and intends to dissolve.
NII Holdings, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2018; Reports Asset Impairment Charges for the Third Quarter Ended September 30, 2018