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RCN Corporation
Business Summary
RCN Corporation is a privately-held company that operates in the communications, networking and storage technology industry. RCN Corporation headquarters are located in Herndon, Virginia.
Overview & Corporate Organization
Basic Information
| Company Tags: | PE Backed |
| Fiscal Year End: | 12/31 |
| 1YR Revenue Growth Rate: | View % |
| 3YR Revenue Growth Rate (CAGR): | View % |
| City: | Herndon |
| State/Province: | Virginia |
| Country: | United States |
| Phone: | View |
| Fax: | View |
| Website: | www.rcn.com |
Industry Information
PrivCo Industries (Sector > Industry > Sub-Industry)
| Technology > Communications, Networking & Storage Technology |
| Media > Broadcasting > Cable, Satellite Delivery |
The PrivCo Industry Classification System™ (PICS) is our proprietary, modernized industry classification system, geared especially toward privately-held companies and including newer emerging sub-industries that are not reflected in other outdated industry classification systems, such as SIC and NAICS.
Charts, Financials, and Statistics (Table Format)
Copy & Paste Financials Into Spreadsheet or
| Income Statement | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 |
| Revenues | View | View | View | View | View | View | $530,412,000 | $458,015,000 | $484,854,000 | $433,494,000 | $386,386,000 | $285,612,000 | $275,993,000 | $210,940,000 | $127,297,000 |
| Direct Operating Costs | View | View | View | View | $188,950,000 | $168,867,000 | $174,260,000 | $166,979,000 | $181,728,000 | $161,552,000 | $140,448,000 | ||||
| Cost of Goods and Services Sold | $262,352,000 | $134,967,000 | |||||||||||||
| Total Stock Compensation | $4,692,000 | $37,721,000 | $62,955,000 | $41,237,000 | $0 | $0 | |||||||||
| Other Selling, General and Administrative Expenses | $308,151,000 | $468,347,000 | $267,512,000 | ||||||||||||
| Selling, General and Administrative Expenses | View | View | View | View | $268,236,000 | $231,942,000 | |||||||||
| Write Off Goodwill | $0 | ||||||||||||||
| In - Process Research and Development | $18,293,000 | $0 | |||||||||||||
| Nonrecurring Charges - Other | $10,000,000 | ||||||||||||||
| Depreciation and Amortization | View | View | View | View | $184,568,000 | $230,866,000 | $197,267,000 | $275,505,000 | $309,064,000 | $279,817,000 | $146,043,000 | $89,088,000 | $53,205,000 | ||
| Business Exit Costs | View | View | View | View | |||||||||||
| Restructuring Charges | ($11,113,000) | $0 | |||||||||||||
| Other Asset Impairment Charges | $894,316,000 | $470,880,000 | $0 | ||||||||||||
| Asset Impairment Charges | ($7,667,000) | ||||||||||||||
| Restructuring, Remediation and Impairment Provisions | $5,130,000 | $167,241,000 | |||||||||||||
| Expense | $371,685,000 | $448,588,000 | |||||||||||||
| Operating Income/(Loss) | View | View | View | View | ($116,472,000) | ($165,993,000) | ($366,757,000) | ($1,312,712,000) | ($1,086,829,000) | ($665,431,000) | ($278,010,000) | ($158,793,000) | ($70,875,000) | ||
| Interest Expense | View | View | View | View | $42,333,000 | $97,590,000 | $180,206,000 | $167,663,000 | $196,681,000 | $223,383,000 | $158,139,000 | $112,239,000 | $25,602,000 | ||
| Interest Income | $58,679,000 | $22,824,000 | |||||||||||||
| Realized Gains/(Losses) on Sale of Investments | View | $0 | $0 | ||||||||||||
| Gain/(Loss) on Disposition of Assets | View | $2,536,000 | $1,875,000 | $7,130,000 | |||||||||||
| Gain/(Loss) on Sale of Business | $8,930,000 | $0 | $0 | ||||||||||||
| Gain/(Loss) on Investments | $141,563,000 | $0 | $0 | ||||||||||||
| Other Non-operating Gains/(Losses) | $45,556,000 | $0 | |||||||||||||
| Other Non-operating Asset Related Income | View | $5,648,000 | $2,942,000 | $6,260,000 | $13,771,000 | $61,700,000 | $79,500,000 | ||||||||
| Non-operating Asset Related Income | View | View | View | ||||||||||||
| Non-operating Income/(Expense) - Other | View | View | View | View | $1,556,000 | ($295,000) | $1,071,000 | $2,909,000 | $36,033,000 | $1,847,000 | ($6,281,000) | ($1,889,000) | $131,000 | ||
| Income/(Loss) from Continuing Operations Before Income Taxes | View | View | View | View | ($149,065,000) | ($701,766,000) | ($354,000,000) | ($214,242,000) | ($73,522,000) | ||||||
| Income Loss Continuing Operations Before Income Taxes Minority Interest Earnings Losses Equity Investments | ($745,404,000) | ||||||||||||||
| Income Loss Continuing Operations Before Income Taxes Extraordinary Items | ($259,061,000) | ($486,946,000) | ($1,450,622,000) | ||||||||||||
| Provision for Income Taxes | View | View | View | View | $779,000 | ($114,000) | $1,271,000 | ($994,000) | ($3,772,000) | ($4,848,000) | ($5,094,000) | ($4,998,000) | ($20,849,000) | ||
| Income Loss Continuing Operations Before Minority Interest Earnings Losses Equity Investments | ($488,217,000) | ($1,449,628,000) | ($697,994,000) | ($740,556,000) | ($348,906,000) | ($209,244,000) | ($52,673,000) | ||||||||
| Minority Interest, Net of Tax Effect | ($36,650,000) | ($22,331,000) | ($24,845,000) | ($28,262,000) | ($17,162,000) | ($7,296,000) | |||||||||
| Income/(Loss) from Equity Investments | ($14,422,000) | ($11,530,000) | ($9,317,000) | ($17,186,000) | ($58,915,000) | ($33,960,000) | ($12,719,000) | ($3,804,000) | |||||||
| Income/(Loss) Before Extraordinary Items and Cumulative Effect of Change in Accounting Principle | ($204,801,000) | ($49,181,000) | |||||||||||||
| Total Income Before Extraordinary Items | ($354,604,000) | ||||||||||||||
| Extinguishment of Debt | View | View | View | View | $0 | $0 | $13,073,000 | $484,011,000 | |||||||
| Extraordinary Gain/(Loss) - Other | $1,339,205,000 | $0 | $0 | ||||||||||||
| Extraordinary Charges - Other | $92,554,000 | $0 | |||||||||||||
| Extraordinary Items, Net of Tax Effect | $0 | ($424,000) | $0 | ($3,210,000) | |||||||||||
| Income/(Loss) Before Cumulative Effect of Change in Accounting Principle | ($138,712,000) | $1,059,058,000 | ($325,701,000) | ||||||||||||
| Cumulative Effect of a Change in Accounting Principle, Net of Tax Effect | $2,600,000 | $0 | $0 | ($641,000) | $0 | ||||||||||
| Income/(Loss) from Continuing Operations | View | View | View | View | ($138,731,000) | $973,282,000 | ($499,747,000) | ($1,422,295,000) | ($692,849,000) | ($774,626,000) | |||||
| Income/(Loss) from Discontinued Operations | $19,000 | ($2,804,000) | $10,362,000 | ||||||||||||
| Income/(Loss) from Discontinued Operations, Net of Tax Effect | View | View | View | View | $14,106,000 | $8,060,000 | $5,912,000 | ||||||||
| Income/(Loss) from Disposition of Discontinued Operations | View | View | View | View | $0 | $88,580,000 | $163,684,000 | ||||||||
| Net Income (Loss) | View | View | View | View | ($136,112,000) | $1,059,058,000 | ($325,701,000) | ($1,408,189,000) | ($684,789,000) | ($768,714,000) | ($355,028,000) | ($205,442,000) | ($52,391,000) | ||
| Preferred Stock Dividends | $52,902,000 | $173,392,000 | $162,150,000 | $151,663,000 | $122,752,000 | $13,542,000 | $0 | $0 | |||||||
| Net Income Applicable to Common Stockholders | $1,006,156,000 | ($499,093,000) | ($1,570,339,000) | ($836,452,000) | ($891,466,000) | ($368,570,000) | ($205,442,000) | ($52,391,000) |
| Balance Sheet | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 |
| Cash and Cash Equivalents | View | View | View | View | $70,906,000 | $113,539,000 | $18,395,000 | $49,365,000 | $476,220,000 | $356,377,000 | $391,412,000 | $120,126,000 |
| Other Short-Term Investments - Cost | $227,641,000 | |||||||||||
| Short-Term Investments | View | View | View | View | $72,111,000 | $50,425,000 | $0 | $362,271,000 | $1,372,015,000 | $1,401,877,000 | $892,448,000 | |
| Current Restricted Investments | $1,525,000 | $134,205,000 | $34,920,000 | $23,676,000 | $0 | $23,111,000 | $23,437,000 | |||||
| Net Accounts Receivable Trade | View | View | View | View | $45,863,000 | $52,618,000 | $45,378,000 | $55,120,000 | $46,145,000 | $50,681,000 | $28,434,000 | $27,261,000 |
| Current Unbilled Receivables, Net | $792,000 | $1,105,000 | $770,000 | $2,052,000 | $2,197,000 | $2,124,000 | $2,727,000 | |||||
| Accrued Interest | $755,000 | $1,170,000 | $1,595,000 | $4,558,000 | $13,365,000 | $15,049,000 | ||||||
| Accounts Receivable - Related Parties | $13,329,000 | $10,068,000 | $16,698,000 | $37,874,000 | $8,015,000 | $6,919,000 | ||||||
| Inventories - Supplies | $3,870,000 | |||||||||||
| Current Deferred Income Taxes | $712,000 | |||||||||||
| Prepaid Expenses | View | View | View | View | $14,053,000 | $22,373,000 | $33,064,000 | $17,754,000 | $18,828,000 | $21,822,000 | $13,853,000 | $15,368,000 |
| Current Assets of Discontinued Operations | View | $39,274,000 | $2,375,000 | $5,726,000 | ||||||||
| Current Other Assets | $5,985,000 | |||||||||||
| Current Assets | View | View | View | View | $242,207,000 | $242,027,000 | $249,021,000 | $403,218,000 | $956,174,000 | $1,854,331,000 | $1,883,875,000 | $1,092,868,000 |
| Net Property, Plant and Equipment | View | View | View | View | $672,413,000 | $793,691,000 | $908,009,000 | $1,213,377,000 | $2,250,218,000 | $2,255,959,000 | $914,243,000 | $448,375,000 |
| Investment in Nonconsolidated Subsidiaries | $184,896,000 | $178,000,000 | $204,946,000 | |||||||||
| Investment in Affiliates | $202,095,000 | $228,231,000 | $229,294,000 | |||||||||
| Long-Term Investments | $190,571,000 | $129,529,000 | ||||||||||
| Goodwill | View | View | View | $6,130,000 | $6,130,000 | $45,057,000 | ||||||
| Net Finite-Lived | View | View | View | $1,741,000 | ||||||||
| Intangible Assets (Excluding Goodwill) | $1,503,000 | $3,231,000 | ||||||||||
| Net Intangible Assets | View | $116,453,000 | $141,786,000 | $389,672,000 | $138,491,000 | $169,718,000 | ||||||
| Deferred Long-Term Asset Charges | View | View | View | View | $20,403,000 | $19,943,000 | $34,430,000 | $43,594,000 | $49,055,000 | $70,644,000 | $64,886,000 | $47,256,000 |
| Restricted Assets Noncurrent | View | View | View | View | $17,568,000 | $25,063,000 | $100,000,000 | $0 | $48,000 | $19,869,000 | ||
| Noncurrent Assets of Discontinued Operations | $28,168,000 | $93,981,000 | $70,102,000 | |||||||||
| Assets | View | View | View | View | $1,253,940,000 | $1,400,510,000 | $1,529,356,000 | $1,990,272,000 | $3,603,131,000 | $4,775,552,000 | $3,192,114,000 | $1,907,615,000 |
| Accounts Payable | View | View | View | View | $23,391,000 | $29,763,000 | $22,697,000 | $26,994,000 | $34,718,000 | $198,562,000 | $92,785,000 | $65,623,000 |
| Accrued Expenses - Other | View | View | View | View | $3,106,000 | $2,340,000 | $70,114,000 | $74,406,000 | $96,815,000 | $43,298,000 | $18,296,000 | $12,000,000 |
| Interest Payable | $837,000 | $37,235,000 | $26,228,000 | $17,811,000 | $29,837,000 | $13,090,000 | $5,267,000 | |||||
| Employee Related Liabilities | View | View | View | View | $16,652,000 | $14,704,000 | $28,556,000 | $39,974,000 | $32,747,000 | $28,544,000 | ||
| Other Accrued Expenses | View | View | View | View | $71,102,000 | $68,631,000 | $42,377,000 | $64,663,000 | $106,047,000 | $115,855,000 | $69,875,000 | $62,250,000 |
| Accounts Payable - Related Parties | $3,715,000 | $14,114,000 | $20,693,000 | $89,800,000 | $35,809,000 | $7,153,000 | ||||||
| Billings in Excess of Cost | View | $34,271,000 | $37,082,000 | $26,770,000 | $21,895,000 | $21,679,000 | ||||||
| Current Deferred Income Tax Liabilities | $18,000 | $18,000 | $344,000 | $0 | $1,464,000 | $0 | ||||||
| Current Other Deferred Liability Charges | $21,644,000 | $0 | ||||||||||
| Current Customer Advances and Deposits | View | View | View | $26,906,000 | $24,638,000 | $16,901,000 | ||||||
| Current Portion of Long-Term Debt | View | $3,300,000 | $1,643,502,000 | $35,813,000 | $20,750,000 | $0 | $1,225,000 | $4,097,000 | ||||
| Current Capital Lease Obligations | $558,000 | $11,083,000 | $1,604,000 | $1,782,000 | $355,000 | |||||||
| Current Debt and Capital Lease Obligations | View | View | View | $3,648,000 | ||||||||
| Current Liabilities of Discontinued Operations | View | $10,891,000 | $1,082,000 | $3,330,000 | $7,722,000 | $3,886,000 | ||||||
| Current Liabilities | View | View | View | View | $163,061,000 | $179,941,000 | $1,889,533,000 | $318,306,000 | $357,488,000 | $530,889,000 | $249,445,000 | $178,069,000 |
| Long-Term Debt | $488,449,000 | $0 | $1,706,997,000 | $1,873,616,000 | $2,257,357,000 | $2,143,096,000 | $1,263,036,000 | |||||
| Debt and Capital Lease Obligations - Long-Term | View | View | View | View | $489,710,000 | |||||||
| Commitments and Contingencies | $0 | |||||||||||
| Minority Interest | $791,000 | $51,298,000 | $75,232,000 | $129,234,000 | $77,116,000 | |||||||
| Deferred Tax Liability | $3,281,000 | |||||||||||
| Other Deferred Long Term Liability Charges | $6,398,000 | $4,166,000 | $10,595,000 | $25,983,000 | $24,598,000 | $14,667,000 | ||||||
| Noncurrent Other Liabilities | View | View | View | View | $39,528,000 | $25,937,000 | ||||||
| Liabilities | View | View | View | View | $691,038,000 | $695,588,000 | $1,895,931,000 | |||||
| Preferred Stock Obligations | $0 | |||||||||||
| Convertible Preferred Stock Obligations | $1,772,310,000 | $2,304,426,000 | $2,142,276,000 | $1,990,613,000 | ||||||||
| Redeemable Preferred Stock Obligations | $253,438,000 | |||||||||||
| Preferred Stock - Value (Excluding Additional Paid in Capital) | $0 | $0 | ||||||||||
| Common Stock - Value (Excluding Additional Paid in Capital) | View | View | View | View | $360,000 | $319,000 | $11,425,000 | $99,841,000 | $87,104,000 | $77,724,000 | $65,477,000 | |
| Common Class A - Value (Excluding Additional Paid in Capital) | $112,152,000 | $110,796,000 | ||||||||||
| Common Class B - Value (Excluding Additional Paid in Capital) | $0 | |||||||||||
| Additional Paid in Capital | View | View | View | View | $695,311,000 | $708,250,000 | $2,150,418,000 | $1,451,744,000 | $1,416,529,000 | $1,325,018,000 | $923,340,000 | $539,770,000 |
| Retained Earnings | View | View | View | View | ($139,800,000) | ($3,688,000) | ($4,388,478,000) | ($3,889,385,000) | ($2,319,046,000) | ($1,482,594,000) | ($591,128,000) | ($222,558,000) |
| Treasury Stock - Value | View | View | View | View | $0 | $10,310,000 | $9,583,000 | $8,309,000 | $9,591,000 | $9,391,000 | $9,301,000 | |
| Cumulative Translation Adjustment, Net of Tax Effect | ($13,990,000) | ($5,134,000) | ($8,208,000) | ($6,695,000) | ($2,014,000) | ($3,055,000) | ||||||
| Other Deferred/(Unearned) Compensation | $342,000 | $15,898,000 | $25,889,000 | $0 | ||||||||
| Unrealized Gain/(Loss) on Marketable Securities, Net of Tax Effect | $240,000 | $1,484,000 | $2,949,000 | $8,125,000 | ($6,228,000) | $1,113,000 | ||||||
| Other Accumulated Comprehensive Income, Net of Tax Effect | View | View | View | View | $7,023,000 | $0 | ||||||
| Deferred Compensation | $0 | $4,336,000 | ||||||||||
| Equity - Other | $8,000 | $41,000 | ||||||||||
| Stockholders' Equity | View | View | View | View | $562,902,000 | $704,922,000 | ($2,138,885,000) | ($2,344,414,000) | ($832,142,000) | ($104,522,000) | $392,303,000 | $371,446,000 |
| Liabilities and Stockholders' Equity | View | View | View | View | $1,253,940,000 | $1,400,510,000 | $1,529,356,000 | $1,990,272,000 | $3,603,131,000 | $4,775,552,000 | $3,192,114,000 | $1,907,615,000 |
| Cash Flow Statement | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 |
| Operating Activities Beginning Net Income | View | View | View | View | ($136,112,000) | $1,059,058,000 | ($325,701,000) | ($1,408,189,000) | ($684,789,000) | ($768,714,000) | ($355,028,000) | ($205,442,000) | ($52,391,000) |
| Amortization | View | View | View | View | $2,333,000 | $9,511,000 | $15,762,000 | $15,295,000 | $8,266,000 | $8,713,000 | $5,534,000 | $2,816,000 | $408,000 |
| Depreciation and Amortization | View | View | View | View | $184,568,000 | $230,866,000 | $197,267,000 | $275,505,000 | $309,064,000 | $279,817,000 | $146,043,000 | $89,088,000 | $53,205,000 |
| Adjustment Accretion | View | $4,680,000 | $4,541,000 | $14,370,000 | $69,656,000 | $112,997,000 | $101,901,000 | $80,925,000 | $8,103,000 | ||||
| Adjustment In-Process Research and Development | $18,293,000 | $0 | |||||||||||
| Total Adjustments to Provision for Doubtful Accounts | View | View | View | View | $9,088,000 | $8,959,000 | $12,335,000 | $12,490,000 | $13,952,000 | $10,834,000 | $7,691,000 | $4,125,000 | $2,732,000 |
| Restructuring Charges | View | View | View | ||||||||||
| Asset Impairment Charges | $8,264,000 | $32,540,000 | $202,241,000 | $926,590,000 | $470,880,000 | ||||||||
| Adjustments to Realized Gains/(Losses) on Sale of Investments | View | $0 | $0 | $8,621,000 | $0 | $661,000 | |||||||
| Adjustments to Gain/(Loss) on Sale of Business | $606,000 | ||||||||||||
| Adjustments to Undistributed Earnings of Affiliates | ($22,957,000) | $17,186,000 | $58,915,000 | $33,960,000 | $12,719,000 | $3,804,000 | |||||||
| Adjustment for Equity Based Compensation Expense | View | View | View | View | $8,913,000 | $4,414,000 | $4,692,000 | ||||||
| Total Adjustment Employee Compensation | $37,721,000 | $62,955,000 | $41,237,000 | $0 | $0 | ||||||||
| Adjustment Write Off of Goodwill | $0 | $0 | |||||||||||
| Adjustment Write Off of Other | $18,076,000 | $0 | $0 | ||||||||||
| Adjustments to Gains/(Losses) on Sale of Investments | $2,246,000 | $0 | $0 | $0 | $0 | $0 | |||||||
| Adjustment Minority Interest | ($36,650,000) | ($22,331,000) | ($24,845,000) | ($28,262,000) | ($17,162,000) | ($7,296,000) | |||||||
| Adjustment Realized Gains Losses On Sale Asset | View | ($2,536,000) | ($1,875,000) | ($8,386,000) | $3,089,000 | ($12,912,000) | $0 | $0 | |||||
| Adjustments to Reserve for Business Exit Costs | View | ||||||||||||
| Adjustment Income/(Loss) from Equity Investments | $11,267,000 | $23,470,000 | |||||||||||
| Deferred Income Taxes | View | View | View | View | $0 | ($934,000) | $0 | ($807,000) | ($338,000) | ($782,000) | ($9,270,000) | ($6,147,000) | ($10,503,000) |
| Income/(Loss) from Discontinued Operations, Net of Tax Effect | View | View | View | View | $19,000 | $85,776,000 | $174,046,000 | $14,106,000 | $8,060,000 | $5,912,000 | |||
| Adjustment Extraordinary Items | View | View | View | View | $0 | $1,180,552,000 | $45,556,000 | $13,073,000 | $484,011,000 | $0 | ($424,000) | $0 | ($3,210,000) |
| Adjustments to Other Deferred Charges | $0 | ||||||||||||
| Adjustments to Cumulative Effect of a Change in Accounting Principle, Net of Tax Effect | $2,600,000 | $0 | $0 | ||||||||||
| Other Adjustments to Common Stockholders' Net Income - Increase/(Decrease) | $112,500,000 | $0 | $0 | ||||||||||
| Noncash Expenses - Other | ($173,178,000) | $0 | $0 | ||||||||||
| Change Accounts Receivable | View | View | View | View | $5,445,000 | $11,614,000 | $2,931,000 | $21,764,000 | $4,630,000 | $29,504,000 | $22,353,000 | ($3,500,000) | $14,979,000 |
| Increase/(Decrease) in Accounts Receivable - Related Parties | ($18,847,000) | $3,261,000 | ($6,611,000) | ($20,282,000) | $29,350,000 | $1,096,000 | ($2,910,000) | ($3,180,000) | |||||
| Increase/(Decrease) in Inventories | $1,605,000 | ||||||||||||
| Change Investments and Other Assets | $0 | ||||||||||||
| Change in Intangible Asset Excluding Goodwill | $0 | ||||||||||||
| Increase/(Decrease) in Deferred Charges | $21,644,000 | $0 | |||||||||||
| Increase/(Decrease) in Accounts Payable | ($4,732,000) | $8,919,000 | ($4,579,000) | ($9,204,000) | ($162,258,000) | $78,342,000 | $59,950,000 | $28,456,000 | $11,193,000 | ||||
| Increase/(Decrease) in Accrued Expenses | $11,254,000 | $42,787,000 | ($9,043,000) | ($42,629,000) | $4,058,000 | $109,670,000 | $25,943,000 | $37,446,000 | $3,353,000 | ||||
| Increase/(Decrease) in Accounts Payable and Accrued Expenses | View | View | View | View | |||||||||
| Increase/(Decrease) in Accounts Payable - Related Parties | ($13,666,000) | ($10,117,000) | ($8,766,000) | ($69,231,000) | $53,991,000 | $2,179,000 | $3,405,000 | ($1,132,000) | |||||
| Change Customer Advance | View | ||||||||||||
| Increase/(Decrease) in Unearned Premiums | ($3,207,000) | $3,043,000 | $7,761,000 | ($2,659,000) | ($17,629,000) | $0 | |||||||
| Increase/(Decrease) in Billing in Excess of Cost of Earnings | View | View | View | ($825,000) | $1,310,000 | $135,000 | |||||||
| Net Other Increase/(Decrease) in Working Capital | View | View | View | View | ($7,924,000) | $11,132,000 | $13,049,000 | ($3,220,000) | ($4,774,000) | $23,791,000 | $15,592,000 | $1,084,000 | ($1,448,000) |
| Net Cash Flows Provided By/(Used In) Operating Activities of Discontinued Operations | View | View | View | View | ($2,685,000) | $3,313,000 | $3,087,000 | $26,115,000 | $19,430,000 | $11,797,000 | |||
| Net Cash Flows Provided By/(Used In) Operating Activities | View | View | View | View | $60,426,000 | ($46,853,000) | ($170,250,000) | ($202,814,000) | ($402,776,000) | ($108,824,000) | ($59,256,000) | $36,219,000 | $2,069,000 |
| Capital Additions | $138,109,000 | ||||||||||||
| Purchase of Property, Plant and Equipment | View | View | View | View | $85,028,000 | $50,771,000 | $87,481,000 | $479,990,000 | $1,092,908,000 | $526,240,000 | $285,867,000 | $79,042,000 | |
| Purchase Interest in Unconsolidated Affiliates | $2,000,000 | $7,500,000 | $50,500,000 | $76,647,000 | $25,439,000 | $20,000,000 | $0 | ||||||
| Purchase of Other Investments | $750,000 | $1,500,000 | $0 | ||||||||||
| Purchase of Restricted Investments | $0 | ||||||||||||
| Proceeds from Sale of Restricted Investments | View | View | View | $9,020,000 | $5,711,000 | ||||||||
| Proceeds from Other Investments | $23,711,000 | $0 | |||||||||||
| Proceeds from Divestiture of Interest in Unconsolidated Affiliates | View | $0 | $0 | $7,750,000 | $0 | ||||||||
| Proceeds Minority Interest | $1,900,000 | ||||||||||||
| Increase Decrease Restricted Funds | $11,244,000 | $23,676,000 | $0 | $0 | |||||||||
| Change in Advances to Other | $0 | ||||||||||||
| Increase Decrease of Restricted Investments | View | ($203,160,000) | $199,285,000 | $0 | |||||||||
| Acquisition of Businesses, Net of Cash Acquired | View | View | View | View | $2,244,000 | $14,933,000 | $0 | $0 | $47,361,000 | $30,490,000 | |||
| Net Other Acquisition/(Divestiture) of Business Activities | ($316,074,000) | ($53,322,000) | |||||||||||
| Net Proceeds from Sale of Short-Term Investments | $76,923,000 | ||||||||||||
| Net Purchase of Short-Term Investments | $445,137,000 | ||||||||||||
| Proceeds/(Payments) on Short-Term Investments | View | View | View | View | ($21,559,000) | ($50,425,000) | $227,641,000 | $133,165,000 | $1,004,568,000 | $49,784,000 | ($512,995,000) | ($474,606,000) | |
| Repayments Discontinued Operation Debt | $1,523,000 | $8,813,000 | |||||||||||
| Proceeds from Discontinued Operations | View | View | View | View | $0 | $118,061,000 | $239,644,000 | $0 | $0 | ||||
| Total Increase Decrease Discontinued Operations | ($4,950,000) | ($23,302,000) | ($37,602,000) | ||||||||||
| Proceeds from Sale of Other Assets | View | $6,259,000 | $391,000 | $17,408,000 | $22,872,000 | $54,294,000 | $0 | ||||||
| Purchase of Other Assets | $10,347,000 | $149,957,000 | $17,124,000 | $1,109,000 | |||||||||
| Proceeds from Sale of Property, Plant and Equipment | View | View | View | $0 | |||||||||
| Net Other Investing Activities | $0 | ($283,000) | ($225,000) | $108,000 | $342,000 | $14,000 | |||||||
| Net Cash Flows Provided By/(Used In) Investing Activities of Discontinued Operations | View | View | View | View | ($4,322,000) | ||||||||
| Net Cash Flows Provided By/(Used In) Investing Activities | View | View | View | View | ($97,874,000) | $209,671,000 | $194,864,000 | ($5,766,000) | $471,330,000 | ($1,623,929,000) | ($1,113,017,000) | ($829,285,000) | ($475,860,000) |
| Proceeds Debt | View | View | View | View | |||||||||
| Net Proceeds from Issuance of Long-Term Debt and Capital Securities | $0 | $455,000,000 | $27,806,000 | $0 | $250,000,000 | $502,587,000 | $688,000,000 | ||||||
| Reduction of Capital Lease Obligations | $558,000 | $3,715,000 | $2,590,000 | $2,634,000 | $2,482,000 | $988,000 | $0 | ||||||
| Repayments of Other Long-Term Debt | $203,062,000 | $246,366,000 | |||||||||||
| Repayments of Long-Term Debt and Capital Securities | View | View | View | View | $6,037,000 | $407,582,000 | $68,000,000 | $3,435,000 | $101,622,000 | $7,770,000 | $141,250,000 | ||
| Net Change Long Term Debt | $0 | $875,000,000 | |||||||||||
| Net Change Other Debt | ($111,377,000) | $0 | $0 | $97,624,000 | |||||||||
| Debt Issuance Costs | View | View | View | View | $0 | $0 | |||||||
| Debt Restructuring Costs | $424,000 | $0 | $3,210,000 | ||||||||||
| Financing Costs | $12,853,000 | $12,219,000 | $0 | $2,823,000 | $39,484,000 | $10,185,000 | $20,151,000 | ||||||
| Proceeds from Issuance of Common Stock | $0 | ||||||||||||
| Proceeds from Issuance of Preferred Stock | $0 | ||||||||||||
| Proceeds from Stock Options Exercised | View | View | View | View | $1,410,000 | $0 | $53,000 | $4,000 | $137,000 | $6,625,000 | $12,422,000 | $1,969,000 | $230,000 |
| Increase/(Decrease) in Other Equity | $50,000,000 | $1,614,423,000 | $584,239,000 | $112,866,000 | |||||||||
| Repurchase of Common Stock | View | View | View | View | $0 | $0 | $200,000 | $90,000 | $9,301,000 | $0 | |||
| Repurchase of Minority Interest | $0 | $122,000 | $108,000 | $0 | |||||||||
| Payment of Dividends | View | View | View | View | $0 | ||||||||
| Distributions to Affiliates | $65,849,000 | ||||||||||||
| Contributions from - Minority Interest | ($364,000) | $0 | $61,005,000 | $91,140,000 | $77,849,000 | $9,016,000 | |||||||
| Cash Provided by/(Used in) Financing Activities - Other | $23,111,000 | $22,500,000 | $22,375,000 | ($61,250,000) | |||||||||
| Net Cash Flows Provided By/(Used In) Financing Activities | View | View | View | View | ($5,185,000) | ($67,674,000) | ($55,584,000) | ($218,275,000) | $51,289,000 | $1,697,718,000 | $1,443,559,000 | $690,282,000 | $634,858,000 |
| Increase/(Decrease) in Cash and Cash Equivalents | View | View | View | View | ($42,633,000) | $95,144,000 | ($30,970,000) | ($426,855,000) | $119,843,000 | ($35,035,000) | $271,286,000 | ($102,784,000) | $161,067,000 |
| Cash and cash equivalents at the beginning of the year | View | View | View | View | $113,539,000 | $136,557,000 | $49,365,000 | $476,220,000 | $356,377,000 | $391,412,000 | $120,126,000 | $222,910,000 | $61,843,000 |
| Total Cash and cash equivalents at the end of the year | View | View | View | View | $70,906,000 | $113,539,000 | $18,395,000 | $49,365,000 | $476,220,000 | $356,377,000 | $391,412,000 | $120,126,000 | $222,910,000 |
| Income Taxes Paid | $0 | $68,000 | $56,000 | $1,416,000 | $0 | $228,000 | $1,897,000 | $1,047,000 | $1,090,000 | ||||
| Cash Interest Expense | $31,277,000 | $41,538,000 | $137,794,000 | $78,102,000 | $87,992,000 | $87,543,000 | $42,880,000 | $28,781,000 | $16,536,000 |
| Financial Notes: | |
| * | RCN Corporation fiscal year end: 12/31 |
Charts, Financials, and Statistics (Graphs)
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RCN Corporation Revenues ($ MM): |
RCN Corporation Direct Operating Costs ($ MM): |
RCN Corporation Selling, General and Administrative Expenses ($ MM): |
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RCN Corporation Realized Gains/(Losses) on Sale of Investments ($ MM): |
RCN Corporation Gain/(Loss) on Disposition of Assets ($ MM): |
RCN Corporation Other Non-operating Asset Related Income ($ MM): |
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RCN Corporation Non-operating Income/(Expense) - Other ($ MM): |
RCN Corporation Income/(Loss) from Continuing Operations Before Income Taxes ($ MM): |
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RCN Corporation Income/(Loss) from Continuing Operations ($ MM): |
RCN Corporation Income/(Loss) from Discontinued Operations, Net of Tax Effect ($ MM): |
RCN Corporation Income/(Loss) from Disposition of Discontinued Operations ($ MM): |
RCN Corporation Net Income (Loss) ($ MM): |
RCN Corporation Cash and Cash Equivalents ($ MM): |
RCN Corporation Short-Term Investments ($ MM): |
RCN Corporation Net Accounts Receivable Trade ($ MM): |
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RCN Corporation Current Assets of Discontinued Operations ($ MM): |
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RCN Corporation Net Property, Plant and Equipment ($ MM): |
RCN Corporation Goodwill ($ MM): |
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RCN Corporation Deferred Long-Term Asset Charges ($ MM): |
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RCN Corporation Billings in Excess of Cost ($ MM): |
RCN Corporation Current Customer Advances and Deposits ($ MM): |
RCN Corporation Current Portion of Long-Term Debt ($ MM): |
RCN Corporation Current Debt and Capital Lease Obligations ($ MM): |
RCN Corporation Current Liabilities of Discontinued Operations ($ MM): |
RCN Corporation Current Liabilities ($ MM): |
RCN Corporation Debt and Capital Lease Obligations - Long-Term ($ MM): |
RCN Corporation Noncurrent Other Liabilities ($ MM): |
RCN Corporation Liabilities ($ MM): |
RCN Corporation Common Stock - Value (Excluding Additional Paid in Capital) ($ MM): |
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RCN Corporation Retained Earnings ($ MM): |
RCN Corporation Treasury Stock - Value ($ MM): |
RCN Corporation Other Accumulated Comprehensive Income, Net of Tax Effect ($ MM): |
RCN Corporation Stockholders' Equity ($ MM): |
RCN Corporation Liabilities and Stockholders' Equity ($ MM): |
RCN Corporation Operating Activities Beginning Net Income ($ MM): |
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RCN Corporation Total Adjustments to Provision for Doubtful Accounts ($ MM): |
RCN Corporation Restructuring Charges ($ MM): |
RCN Corporation Adjustments to Realized Gains/(Losses) on Sale of Investments ($ MM): |
RCN Corporation Adjustment for Equity Based Compensation Expense ($ MM): |
RCN Corporation Adjustment Realized Gains Losses On Sale Asset ($ MM): |
RCN Corporation Deferred Income Taxes ($ MM): |
RCN Corporation Income/(Loss) from Discontinued Operations, Net of Tax Effect ($ MM): |
RCN Corporation Adjustment Extraordinary Items ($ MM): |
RCN Corporation Change Accounts Receivable ($ MM): |
RCN Corporation Increase/(Decrease) in Accounts Payable and Accrued Expenses ($ MM): |
RCN Corporation Increase/(Decrease) in Billing in Excess of Cost of Earnings ($ MM): |
RCN Corporation Net Other Increase/(Decrease) in Working Capital ($ MM): |
RCN Corporation Net Cash Flows Provided By/(Used In) Operating Activities of Discontinued Operations ($ MM): |
RCN Corporation Net Cash Flows Provided By/(Used In) Operating Activities ($ MM): |
RCN Corporation Purchase of Property, Plant and Equipment ($ MM): |
RCN Corporation Proceeds from Sale of Restricted Investments ($ MM): |
RCN Corporation Proceeds from Divestiture of Interest in Unconsolidated Affiliates ($ MM): |
RCN Corporation Increase Decrease of Restricted Investments ($ MM): |
RCN Corporation Acquisition of Businesses, Net of Cash Acquired ($ MM): |
RCN Corporation Proceeds/(Payments) on Short-Term Investments ($ MM): |
RCN Corporation Proceeds from Discontinued Operations ($ MM): |
RCN Corporation Proceeds from Sale of Other Assets ($ MM): |
RCN Corporation Proceeds from Sale of Property, Plant and Equipment ($ MM): |
RCN Corporation Net Cash Flows Provided By/(Used In) Investing Activities of Discontinued Operations ($ MM): |
RCN Corporation Net Cash Flows Provided By/(Used In) Investing Activities ($ MM): |
RCN Corporation Proceeds Debt ($ MM): |
RCN Corporation Repayments of Long-Term Debt and Capital Securities ($ MM): |
RCN Corporation Debt Issuance Costs ($ MM): |
RCN Corporation Proceeds from Stock Options Exercised ($ MM): |
RCN Corporation Repurchase of Common Stock ($ MM): |
RCN Corporation Payment of Dividends ($ MM): |
RCN Corporation Net Cash Flows Provided By/(Used In) Financing Activities ($ MM): |
RCN Corporation Increase/(Decrease) in Cash and Cash Equivalents ($ MM): |
RCN Corporation Cash and cash equivalents at the beginning of the year ($ MM): |
RCN Corporation Total Cash and cash equivalents at the end of the year ($ MM): |
RCN Corporation U.S Media Revenues ($ MM): |
Mergers & Acquisitions
| Date | Status | Target | Buyer | Deal Type | Price | |
| Details | Jun. 2007 | Completed | View | View | Acquisition | View |
| Details | Mar. 2010 | Completed | View1 | View | Acquisition Leveraged Buyout (LBO) Take Private | View |
| 1 | Arby Partners acquired RCN, Corp....Read More → |
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Public / Private History (PPH™)
| Date | Deal Type | Action | Resulting Status | Valuation | Amount Raised | Public Ticker | |
| Details | Mar. 2010 | View | View | View1 | View | View | View |
| 1 | Arby Partners acquired RCN, Corp....Read More → |
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Supplemental Resources
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