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Knology Inc. Reports Operating Results (10-Q)

Nov 09, 2011 | About:
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10qk

Knology Inc. (KNOL) filed Quarterly Report for the period ended 2011-09-30.

Knology Inc. has a market cap of $553.9 million; its shares were traded at around $14.71 with a P/E ratio of 15.2 and P/S ratio of 1.2. Knology Inc. had an annual average earning growth of 18.3% over the past 10 years.


This is the annual revenues and earnings per share of KNOL over the last 10 years. For detailed 10-year financial data and charts, go to 10-Year Financials of KNOL.


Highlight of Business Operations:

Voice revenues. Our voice revenues consist primarily of fixed monthly fees for local service and enhanced services, such as call waiting, voice mail and measured and flat rate long-distance service. Voice revenues accounted for approximately 26.6% and 25.9% of our consolidated revenues for the three and nine months ended September 30, 2011, respectively, compared to 28.2% and 28.4% for the three and nine months ended September 30, 2010, respectively.

Other revenues. Other revenues result principally from broadband carrier services and dark fiber sales. Other revenues accounted for approximately 3.0% and 4.0% of our consolidated revenues for the three and nine months ended September 30, 2011, respectively, compared to 3.9% and 3.7% of our consolidated revenues for the three and nine months ended September 30, 2010, respectively.

Direct costs of other services. Direct costs of other services consist primarily of transport cost, network access fees and costs of dark fiber sales. The direct cost of other services as a percentage of other revenue was approximately 32.6% and 34.4% for the three and nine months ended September 30, 2011, respectively, compared to 34.0% and 33.7% for the three and nine months ended September 30, 2010, respectively. The change is due mainly to the costs of dark fiber sales recorded during the time periods.

Revenues. Operating revenues increased 15.1% from $112.9 million for the three months ended September 30, 2010, to $130.0 million for three months ended September 30, 2011. Operating revenues from video services increased 16.0% from $50.5 million for the three months ended September 30, 2010, to $58.6 million for the same period in 2011. Operating revenues from voice services increased 8.7% from $31.8 million for the three months ended September 30, 2010, to $34.6 million for the same period in 2011. Operating revenues from data services increased 25.4% from $26.2 million for the three months ended September 30, 2010, to $32.9 million for the same period in 2011. Operating revenues from other services decreased 9.5% from $4.4 million for the three months ended September 30, 2010, to $4.0 million for the same period in 2011.

Revenues. Operating revenues increased 15.9% from $336.0 million for the nine months ended September 30, 2010, to $389.3 million for the nine months ended September 30, 2011. Operating revenues from video services increased 18.2% from $150.2 million for the nine months ended September 30, 2010, to $177.5 million for the same period in 2011. Operating revenues from voice services increased 5.3% from $95.6 million for the nine months ended September 30, 2010, to $100.7 million for the same period in 2011. Operating revenues from data services increased 22.5% from $77.9 million for the nine months ended September 30, 2010, to $95.5 million for the same period in 2011. Operating revenues from other services increased 27.4% from $12.3 million for the nine months ended September 30, 2010, to $15.7 million for the same period in 2011.

Read the The complete Report

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