Zayo has raised $471 m in total funding. Zayo annual revenue was $2.58 b in FY 2019

Zayo Gross profit (Q2, 2020)421.5 M

Zayo Gross profit margin (Q2, 2020), %64.5%

Zayo Net income (Q2, 2020)61.4 M

Zayo EBIT (Q2, 2020)140.5 M

Zayo Cash, 31-Dec-2019181.3 M

Zayo revenue was $2.58 b in FY, 2019 which is a 1% year over year decrease from the previous period.

## Founding Date | 2007 |

## Zayo total Funding | $471 m |

## Zayo latest funding size | $128 m |

## Time since last funding | 13 years ago |

## Zayo investors | Battery Ventures, Morgan Stanley, Greenspring Associates, Oak Investment Partners, Columbia Capital, Centennial Ventures, CIT Group, CoBank, Hercules Capital, M/C Partners |

Zayo's latest funding round in March 2009 was reported to be $128 m. In total, Zayo has raised $471 m

Zayo revenue breakdown by business segment: 10.5% from zColo, 14.8% from Allstream, 73.6% from Zayo Networks and 1.2% from Other

USD | FY, 2016 | FY, 2017 | FY, 2018 | FY, 2019 |
---|---|---|---|---|

## Revenue | 1.7b | 2.2b | 2.6b | 2.6b |

| 28% | 28% | 18% | (1%) |

## Cost of goods sold | 578.7m | 782.9m | 941.9m | 915.3m |

## Gross profit | 1.1b | 1.4b | 1.7b | 1.7b |

| 66% | 64% | 64% | 64% |

## General and administrative expense | 386.4m | 436.2m | 489.8m | 509.0m |

## Operating expense total | 902.7m | 1.0b | 1.2b | 1.1b |

## Depreciation and amortization | 516.3m | 606.9m | 747.4m | 633.4m |

## EBIT | 240.3m | 373.8m | 424.9m | 520.3m |

| 14% | 17% | 16% | 20% |

## Interest expense | 220.1m | 269.7m | 296.9m | 345.0m |

## Pre tax profit | (67.7m) | 104.1m | 128.0m | 175.3m |

## Income tax expense | 8.5m | 18.4m | 26.1m | 25.3m |

## Net Income | (76.2m) | 85.7m | 101.9m | 150.0m |

## EPS | (0.3) | 0.4 | 0.4 | 0.6 |

USD | FY, 2016 | FY, 2017 | FY, 2018 | FY, 2019 |
---|---|---|---|---|

## Cash | 170.7m | 220.7m | 256.7m | 186.1m |

## Accounts Receivable | 148.4m | 191.6m | 235.6m | 177.0m |

## Prepaid Expenses | 68.8m | 68.3m | 74.1m | 65.3m |

## Current Assets | 397.1m | 514.6m | 630.8m | 485.2m |

## PP&E | 4.1b | 5.0b | 5.4b | 5.8b |

## Goodwill | 1.2b | 1.8b | 1.7b | 1.7b |

## Total Assets | 6.7b | 8.7b | 9.2b | 9.3b |

## Accounts Payable | 97.0m | 72.4m | 45.9m | 73.7m |

## Short-term debt | 5.8m | 13.0m | 16.9m | 15.0m |

## Current Liabilities | 486.5m | 620.3m | 618.2m | 643.5m |

## Long-term debt | 4.1b | 5.6b | 5.8b | 6.0b |

## Non-Current Liabilities | 5.0b | |||

## Total Debt | 4.1b | 5.6b | 5.8b | 6.0b |

## Total Liabilities | 5.5b | 7.3b | 7.7b | 8.0b |

## Common Stock | 200.0k | 200.0k | 200.0k | 200.0k |

## Additional Paid-in Capital | 1.8b | 1.9b | 1.9b | 1.6b |

## Retained Earnings | (563.1m) | (479.1m) | (377.2m) | (216.0m) |

## Total Equity | 1.2b | 1.4b | 1.5b | 1.3b |

## Debt to Equity Ratio | 3.4 x | 4 x | 3.9 x | 4.5 x |

## Debt to Assets Ratio | 0.6 x | 0.6 x | 0.6 x | 0.6 x |

## Financial Leverage | 5.5 x | 6.2 x | 6.2 x | 7 x |

USD | FY, 2016 | FY, 2017 | FY, 2018 | FY, 2019 |
---|---|---|---|---|

## Net Income | (76.2m) | 85.7m | 101.9m | 150.0m |

## Depreciation and Amortization | 516.3m | 606.9m | 747.4m | 633.4m |

## Accounts Receivable | 1.9m | (7.2m) | (48.1m) | 44.0m |

## Accounts Payable | (36.0m) | 5.2m | 7.3m | (14.1m) |

## Cash From Operating Activities | 714.0m | 909.8m | 971.1m | 951.1m |

## Purchases of PP&E | (704.1m) | (835.5m) | (789.9m) | (786.9m) |

## Cash From Investing Activities | (1.1b) | (2.3b) | (966.8m) | (747.9m) |

## Long-term Borrowings | (539.9m) | (2.4b) | (324.1m) | (141.2m) |

## Cash From Financing Activities | 291.7m | 1.4b | 35.6m | (275.2m) |

## Net Change in Cash | (137.9m) | 50.0m | 36.0m | (74.0m) |

## Interest Paid | 242.5m | 195.6m | 280.2m | 315.2m |

## Income Taxes Paid | 14.0m | 13.1m | 20.3m | 7.0m |

USD | FY, 2016 |
---|---|

## Revenue/Employee | 534.0k |

## Debt/Equity | 3.4 x |

## Debt/Assets | 0.6 x |

## Financial Leverage | 5.5 x |

FY, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | FY, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | FY, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | FY, 2018 | Q1, 2019 | Q2, 2019 | FY, 2019 | Q1, 2020 | Q2, 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|

## Fiber Route Miles | 85.5 k | 87.27 k | 95.18 k | 111.69 k | 112.6 k | 114.49 k | 115.7 k | 121.92 k | 123.84 k | 126.07 k | 126.99 k | 128.24 k | 128.91 k | 131.1 k | 130.87 k | 133 k | 133 k | 133 k |

## Buildings Connected | 18 k | 24 k | 31 k | 35 k | 35 k | |||||||||||||

## Data Centers | 863 | 1.03 k | 1.14 k | 1.19 k | 1.2 k | |||||||||||||

## Fiber Miles | 6.7 m | 8.7 m | 10.44 m | 11.87 m | 13 m | |||||||||||||

## Markets | 320 | 365 | 391 | 4.04 k | 400 | |||||||||||||

## Towers | 5 k | 6 k | 7.5 k |