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Zayo stock price, funding rounds, valuation and financials

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

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$653.7 M

Zayo Revenue Q2, 2020

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

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

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Zayo Funding

Summary Metrics

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 Capital Raised

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Zayo Revenue Breakdown

Business Segment

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

Annual

USD	FY, 2016	FY, 2017	FY, 2018	FY, 2019
Revenue	1.7b	2.2b	2.6b	2.6b
Revenue growth, %	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
Gross profit Margin, %	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
EBIT margin, %	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

Quarterly

USD	Q1, 2017	Q2, 2017	Q3, 2017	Q1, 2018	Q2, 2018	Q3, 2018	Q1, 2019	Q2, 2018	Q3, 2019	Q1, 2020	Q2, 2020
Revenue	504.9m	506.7m	550.2m	643.5m	653.5m	649.4m	641.1m	639.1m	647.2m	638.6m	653.7m
Cost of goods sold	173.8m	179.9m	195.0m	235.7m	232.0m	234.9m	228.4m	222.0m	226.3m	231.0m	232.2m
Gross profit	331.1m	326.8m	355.2m	407.8m	421.5m	414.5m	412.7m	417.1m	420.9m	407.6m	421.5m
Gross profit Margin, %	66%	64%	65%	63%	64%	64%	64%	65%	65%	64%	64%
General and administrative expense	105.6m	104.7m	108.8m	128.3m	121.6m	118.0m	122.1m	125.5m	128.1m	122.6m	123.1m
Operating expense total	244.1m	236.1m	264.5m	312.4m	317.5m	309.2m	289.9m	272.4m	289.3m	278.7m	281.0m
Depreciation and amortization	138.5m	131.4m	155.7m	184.1m	195.9m	191.2m	167.8m	146.9m	161.2m	156.1m	157.9m
EBIT	87.0m	90.7m	90.7m	95.4m	104.0m	105.3m	122.8m	144.7m	131.6m	128.9m	140.5m
EBIT margin, %	17%	18%	16%	15%	16%	16%	19%	23%	20%	20%	21%
Interest expense	53.3m	53.7m	63.1m	66.8m	69.6m	61.0m	80.2m	84.0m	78.9m	84.7m	82.0m
Pre tax profit	22.3m	20.0m	27.6m	28.6m	34.4m	44.3m	42.6m	52.7m	52.7m	31.9m	86.5m
Income tax expense	6.6m	200.0k	600.0k	5.4m	22.9m	20.9m	20.5m	22.5m	18.0m	14.0m	25.1m
Net Income	15.7m	19.8m	27.0m	23.2m	11.5m	23.4m	22.1m	30.2m	34.7m	17.9m	61.4m
EPS	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.2	0.1	0.3

Annual

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

Quarterly

USD	Q1, 2017	Q2, 2017	Q3, 2017	Q1, 2018	Q2, 2018	Q3, 2018	Q1, 2019	Q2, 2018	Q3, 2019	Q1, 2020	Q2, 2020
Cash	193.0m	144.0m	198.4m	291.2m	280.8m	329.3m	353.9m	176.4m	179.7m	254.6m	181.3m
Accounts Receivable	148.4m	156.7m	189.7m	225.7m	233.8m	223.1m	227.2m	202.8m	216.9m	151.9m	124.5m
Prepaid Expenses	62.7m	52.9m	72.4m	26.2m	67.4m	79.1m	68.2m	74.7m	71.7m	68.1m	66.2m
Current Assets	411.4m	362.2m	497.2m	610.2m	606.4m	697.3m	680.9m	480.0m	511.1m	531.6m	430.7m
PP&E	4.2b	4.3b	4.8b	5.1b	5.1b	5.4b	5.5b	5.6b	5.7b	5.9b	6.0b
Goodwill	1.2b	1.2b	1.8b	1.8b	1.7b	1.7b	1.7b	1.7b	1.7b	1.7b	1.7b
Total Assets	6.8b	6.9b	8.5b	8.9b	8.9b	9.2b	9.3b	9.1b	9.3b	9.9b	10.0b
Accounts Payable	56.1m	39.9m	50.2m	65.2m	42.7m	63.6m	41.9m	48.2m	47.5m	31.9m	24.4m
Short-term debt	5.9m	7.8m	32.8m	12.8m	13.4m	15.0m	15.5m	21.0m	14.2m	266.7m	189.7m
Current Liabilities	508.8m	457.6m	588.6m	671.5m	611.6m	627.0m	625.9m	562.5m	616.1m	871.9m	790.6m
Long-term debt	4.1b	4.2b	5.6b	5.6b	5.6b	5.8b	5.8b	6.1b	6.0b	6.3b	6.2b
Total Debt	4.1b	4.2b	5.6b	5.6b	5.6b	5.7b	5.8b	6.1b	6.0b	6.5b	6.4b
Total Liabilities	5.6b	5.6b	7.2b	7.4b	7.4b	7.7b	7.8b	8.0b	8.0b	8.5b	8.5b
Common Stock	200.0k	200.0k	200.0k	200.0k	200.0k	200.0k	200.0k	200.0k	200.0k	200.0k	200.0k
Additional Paid-in Capital	1.8b	1.8b	1.9b	1.9b	1.9b	2.0b	1.9b	1.5b	1.6b	1.6b	1.6b
Retained Earnings	(549.1m)	(529.3m)	(502.3m)	(455.9m)	(444.4m)	(421.0m)	(343.9m)	(313.7m)	(279.0m)	(198.1m)	(136.7m)
Total Equity	1.3b	1.3b	1.3b	1.5b	1.5b	1.5b	1.6b	1.2b	1.2b	1.4b	1.5b
Debt to Equity Ratio	3.3 x	3.2 x	4.2 x	3.8 x	3.7 x	3.7 x	3.8 x	5.2 x	4.9 x	4.8 x	4.4 x
Debt to Assets Ratio	0.6 x	0.6 x	0.7 x	0.6 x	0.6 x	0.6 x	0.6 x	0.7 x	0.7 x	0.7 x	0.6 x
Financial Leverage	5.4 x	5.3 x	6.4 x	6 x	5.9 x	6 x	6 x	7.7 x	7.4 x	7.2 x	6.8 x

Annual

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

Quarterly

USD	Q1, 2017	Q2, 2017	Q3, 2017	Q1, 2018	Q2, 2018	Q3, 2018	Q1, 2019	Q2, 2019	Q3, 2019	Q1, 2020	Q2, 2020
Net Income	15.7m	35.5m	62.5m	23.2m	34.7m	58.1m	22.1m	52.3m	87.0m	17.9m	79.3m
Depreciation and Amortization	138.5m	269.9m	425.6m	184.1m	380.0m	571.2m	167.8m	314.7m	475.9m	156.1m	314.0m
Accounts Receivable	(1.9m)	(16.5m)	(6.0m)	(32.0m)	(41.5m)	(33.7m)	4.5m	22.9m	5.5m	20.9m	47.9m
Accounts Payable	5.6m	(33.0m)	9.1m	53.4m	29.2m	23.7m	9.0m	(26.9m)	19.2m	27.3m	1.5m
Cash From Operating Activities	232.8m	402.5m	664.9m	268.8m	456.5m	719.3m	241.8m	472.4m	726.0m	311.8m	568.2m
Purchases of PP&E	(208.3m)	(421.9m)	(630.2m)	(193.4m)	(386.8m)	(581.9m)	(182.5m)	(384.7m)	(591.1m)	(217.1m)	(471.7m)
Cash From Investing Activities	(206.8m)	(421.7m)	(2.1b)	(193.4m)	(387.0m)	(737.4m)	(143.5m)	(345.7m)	(552.1m)	(217.1m)	(471.7m)
Long-term Borrowings	(1.0m)	(2.0m)	(1.8b)	(313.6m)	(317.2m)	(320.8m)	(3.2m)	(46.5m)	(114.4m)	(23.4m)	(101.6m)
Cash From Financing Activities	(1.7m)	(2.7m)	1.4b	(5.5m)	(10.4m)	134.0m	(6.7m)	(203.6m)	(247.7m)	(23.4m)	(101.6m)
Net Change in Cash	22.3m	(26.7m)	27.7m	70.5m	60.1m	108.6m	93.8m	(83.7m)	(80.4m)	68.6m	(3.8m)
Interest Paid	13.2m	97.3m	109.2m	54.3m	136.3m	195.1m	63.4m	153.1m	222.8m	67.2m	155.9m
Income Taxes Paid	1.9m	6.0m	9.8m	1.4m	3.1m	16.9m	2.0m	2.7m	3.5m	3.0m	4.8m

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

Zayo stock price, funding rounds, valuation and financials

$653.7 M

Zayo Revenue

Zayo Funding

Summary Metrics

Founding Date

Zayo total Funding

Zayo latest funding size

Time since last funding

Zayo investors

Zayo Capital Raised

Zayo Revenue Breakdown

Zayo Income Statement

Annual

Revenue

Revenue growth, %

Cost of goods sold

Gross profit

Gross profit Margin, %

General and administrative expense

Operating expense total

Depreciation and amortization

EBIT

EBIT margin, %

Interest expense

Pre tax profit

Income tax expense

Net Income

EPS

Quarterly

Revenue

Cost of goods sold

Gross profit

Gross profit Margin, %

General and administrative expense

Operating expense total

Depreciation and amortization

EBIT

EBIT margin, %

Interest expense

Pre tax profit

Income tax expense

Net Income

EPS

Zayo Balance Sheet

Annual

Cash

Accounts Receivable

Prepaid Expenses

Current Assets

PP&E

Goodwill

Total Assets

Accounts Payable

Short-term debt

Current Liabilities

Long-term debt

Non-Current Liabilities

Total Debt

Total Liabilities

Common Stock

Additional Paid-in Capital

Retained Earnings

Total Equity

Debt to Equity Ratio

Debt to Assets Ratio

Financial Leverage

Quarterly

Cash

Accounts Receivable

Prepaid Expenses

Current Assets

PP&E

Goodwill

Total Assets

Accounts Payable

Short-term debt

Current Liabilities

Long-term debt

Total Debt