Level 3 Communications

Level 3 Communications is a premier global communications provider, that provides communications services to enterprise, government and carrier customers. Anchored by extensive fiber networks on three continents and connected by undersea facilities, its global services platform features deep metro assets. Level 3’s global network reliably and securely provides enhanced, scalable network capabilities to address the increasingly complex operating environment of today’s technology landscape.
The Company takes end-to-end responsibility for monitoring and maintaining the network. Its comprehensive portfolio of data, security, video, voice and unified communications solutions provide powerful options to address your most difficult IT challenges.

Company Growth (employees)
Type
Public
HQ
Broomfield, US
Founded
1998
Size (employees)
12,500 (est)
Website
level3.com
Level 3 Communications was founded in 1998 and is headquartered in Broomfield, US

Key People at Level 3 Communications

Jeff Storey

Jeff Storey

President and Chief Executive Officer
Anthony Christie

Anthony Christie

Chief Marketing Officer
Sunit Patel

Sunit Patel

Executive Vice President & Chief Financial Officer
Andrew Crouch

Andrew Crouch

Regional President, North America and APAC
Hector Alonso

Hector Alonso

Regional President Latin America

Level 3 Communications Office Locations

Level 3 Communications has an office in Broomfield
Broomfield, US (HQ)
1025 Eldorado Boulevard

Level 3 Communications Data and Metrics

Level 3 Communications Financial Metrics

Level 3 Communications's revenue was reported to be $8.2 b in FY, 2016 which is a 1% decrease from the previous period.
USD

Revenue (FY, 2016)

8.2 b

Revenue growth (FY, 2015 - FY, 2016), %

(1%)

Gross profit (FY, 2016)

5.4 b

Gross profit margin (FY, 2016), %

67%

Net income (FY, 2016)

677 m

EBIT (FY, 2016)

1.4 b

Market capitalization (28-Jun-2017)

22 b

Closing share price (28-Jun-2017)

60.2

Cash (31-Dec-2016)

1.8 b

EV

31 b
Level 3 Communications's current market capitalization is $22 b.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

6.3 b6.8 b8.2 b8.2 b

Revenue growth, %

(1%)7%21%(1%)

Cost of goods sold

2.5 b2.5 b2.8 b2.7 b

Gross profit

3.8 b4.2 b5.4 b5.4 b

Gross profit Margin, %

61%63%66%67%

Operating expense total

5.6 b5.8 b6.9 b6.7 b

Depreciation and amortization

800 m808 m1.2 b1.3 b

EBIT

666 m1 b1.3 b1.4 b

EBIT margin, %

11%15%16%18%

Interest expense

649 m654 m642 m546 m

Interest income

1 m1 m4 m

Pre tax profit

(71 m)238 m283 m842 m

Income tax expense

38 m(76 m)(3.2 b)165 m

Net Income

(109 m)314 m3.4 b677 m
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

631 m580 m854 m1.8 b

Current Assets

1.5 b1.5 b1.7 b2.7 b

PP&E

8.2 b9.9 b9.9 b10.1 b

Goodwill

2.6 b7.7 b7.7 b7.7 b

Total Assets

12.9 b20.9 b24.1 b24.9 b

Accounts Payable

625 m664 m629 m706 m

Total Debt

8.4 b11.3 b10.9 b10.9 b

Current Liabilities

1.4 b1.9 b1.4 b1.5 b

Additional Paid-in Capital

14.3 b19.2 b19.6 b19.8 b

Retained Earnings

(13 b)(12.7 b)(9.2 b)(8.5 b)

Total Equity

1.4 b6.4 b10.1 b10.9 b

Debt to Equity Ratio

5.9 x1.8 x1.1 x1 x

Debt to Assets Ratio

0.6 x0.5 x0.5 x0.4 x

Financial Leverage

9.1 x3.3 x2.4 x2.3 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

(109 m)314 m3.4 b677 m

Cash From Operating Activities

713 m1.2 b1.9 b2.3 b

Capital Expenditures

(760 m)(910 m)(1.2 b)(1.3 b)

Cash From Investing Activities

(745 m)(1.1 b)(1.3 b)(1.3 b)

Cash From Financing Activities

(294 m)(82 m)(219 m)(56 m)

Income Taxes Paid

33 m44 m50 m35 m

Free Cash Flow

(47 m)251 m626 m1 b
USDY, 2016

EV/EBIT

21.5 x

EV/CFO

13.2 x

EV/FCF

30.7 x

Revenue/Employee

653.8 k

Debt/Equity

1 x

Debt/Assets

0.4 x

Financial Leverage

2.3 x

Level 3 Communications Operating Metrics

FY, 2016

Patents Granted

1.4 k

Fiber Miles

69 k

Countries

60

Level 3 Communications Market Value History

Level 3 Communications Revenue Breakdown

Level 3 Communications Median Salaries

Source: 105 public H-1B filings from Level 3 Communications

Level 3 Communications Company Life and Culture

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