DigitalGlobe, Inc. Announces Consolidated Earnings Results for Third Quarter and Nine Months Ended September 30, 2016; Revises 2016 Revenue and Adjusted EBITDA Outlook
For the year to date, the company reported revenue of USD 532.7 million, income from operations of USD 76.5 million, income before income taxes of USD 62.7 million, net income of USD 35.8 million, net income available to common stockholders of USD 31.3 million, basic and diluted earnings per share of USD 0.49, EBITDA of USD 275.5 million, adjusted EBITDA of USD 288.3 million, net cash flows provided by operating activities of USD 214.7 million, free cash flow of USD 63.4 million, property and equipment additions of USD 0.2 million compared to the revenue of USD 520.7 million, income from operations of USD 41 million, income before income taxes of USD 18.9 million, net income of USD 12.7 million, net income available to common stockholders of USD 9.3 million, basic and diluted earnings per share of USD 0.13, EBITDA of USD 248.6 million, adjusted EBITDA of USD 253.3 million, net cash flows provided by operating activities of USD 237.5 million, free cash flow of USD 136.2 million, property and equipment additions of USD 2.5 million for the same period a year ago.
The company revised 2016 revenue and adjusted EBITDA outlook. The company expected revenue in a range of USD 700 million to USD 710 million, adjusted EBITDA in the range of USD 365 million to USD 375 million. The company also expected capital expenditures of approximately USD 135 million.