Uniti Group Inc.

Listed Company

UNITCIK 0002020795NasdaqLarge AcceleratedTelephone Communications (No Radiotelephone)DelawareFY ends Dec 31

Period

FY 2025

Revenue

$2.23B

Net Income

$1.30B

Total Assets

$12.04B

Equity

$380.30M

Shares Out

239.07M

Op. Cash Flow

$350.20M

Business

Uniti Group Inc. is a shell company formed to facilitate the merger of Windstream Holdings II, LLC and Uniti Group, Inc. The company has no material operations, products, or services and exists solely for the purpose of completing the Merger under the Merger Agreement. It does not operate business segments or divisions of its own, and it holds no operating assets. Information about underlying operations, markets, products and distribution channels is provided in the Windstream prospectus and incorporated by reference.

Summary from filing dated 2025-03-24

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31
Total revenues and sales	2,235	1,167	1,150
Selling, general and administrative	352	105	101
Depreciation and amortization	667	315	311
Goodwill impairment	0	0	204
Gain on sale of operating assets	0	−19	0
Transaction related and other costs	212	39	13
Total costs and expenses	1,973	580	772
Operating income	262	587	378
Other income (expense), net	8	300,000	−18
Loss on extinguishment of debt	−183	0	−31
Gain on settlement of preexisting relationships	1,684	0	0
Interest expense, net	−603	−511	−481
Income (loss) before income taxes	1,168	76	−153
Income tax benefit	137	18	69
Adjustments for equity in earnings from unconsolidated entities	0	0	3
Net income	1,305	93	−82
Participating securities share in earnings	−31	−2	−1
Dividends declared on preferred stock	−25	0	0
Net income (loss) attributable to common shareholders	1,249	91	−83
Basic (in dollars per share)	6.61	0.64	−0.58
Diluted (in dollars per share)	4.87	0.64	−0.58
Basic (in shares)	189	143	143
Diluted (in shares)	267	143	143

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2024 2024-04-30	FY 2023 2023-12-31	FY 2022 2022-12-31
Cash and cash equivalents	54	156	—	—	—
Restricted cash	81	28	—	—	—
Accounts receivable, net	359	52	—	—	—
Inventories	44	0	—	—	—
Prepaid expenses	138	16	—	—	—
Other current assets	156	18	—	—	—
Total current assets	831	270	—	—	—
Goodwill	1,158	157	—	—	—
Intangible assets, net	1,293	275	—	—	—
Property, plant and equipment, net	8,142	4,210	—	—	—
Operating lease right-of-use assets, net	517	127	—	—	—
Deferred income tax assets, net	0	128	—	—	—
Other assets	96	115	—	—	—
Total assets	12,037	5,282	—	—	—
Current portion of notes and other debt	10	0	—	—	—
Accounts payable	172	14	—	—	—
Deferred revenue	240	85	—	—	—
Current portion of operating lease obligations	123	13	—	—	—
Accrued taxes	52	7	—	—	—
Accrued interest	139	144	—	—	—
Other current liabilities	389	119	—	—	—
Total current liabilities	1,124	381	—	—	—
Notes and other debt, net	9,529	5,784	—	—	—
Noncurrent operating lease obligations	361	68	—	—	—
Noncurrent deferred revenue	369	1,317	—	—	—
Deferred income tax liabilities, net	18	0	—	—	—
Other liabilities	256	185	—	—	—
Total liabilities	11,656	7,734	—	—	—
Commitments and contingencies (Note 19)	—	—	—	—	—
Common stock, $0.0001 par value, 5,550.0 million shares authorized, 239.0 million shares issued and outstanding at December 31, 2025 and 500.0 million shares authorized, 143.2 million shares issued and outstanding at December 31, 2024	0	0	1	—	—
Additional paid-in capital	2,790	1,236	—	—	—
Accumulated other comprehensive loss	−2	−600,000	—	—	—
Distributions in excess of accumulated earnings	−2,408	−3,688	—	—	—
Total Uniti shareholders' equity (deficit)	380	−2,452	—	—	—
Noncontrolling interests	100,000	500,000	—	—	—
Total shareholders' equity (deficit)	380	−2,452	—	−2,484	−2,271
Total liabilities and shareholders' equity	12,037	5,282	—	—	—

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31
Amortization of deferred financing costs, debt discount and premium	14	23	19
Deferred income taxes	−144	−19	−69
Straight-line revenues and amortization of below-market lease intangibles	−15	−31	−38
Stock-based compensation	24	14	13
Provision for estimated credit losses	16	1	1
Other, net	8	7	7
Accounts receivable	−9	−6	−5
Inventory	−42	0	0
Prepaid expenses	−8	800,000	−1
Other current assets	6	−2	600,000
Other assets	−13	−500,000	21
Accounts payable	33	8	200,000
Accrued interest	−64	10	12
Accrued taxes	5	1	1
Deferred revenue	86	8	1
Other current liabilities	26	0	−6
Other liabilities	−11	−2	−1
Noncurrent deferred revenue	−42	−37	−48
Operating lease assets and lease obligations	8	2	−19
Other, net	2	0	0
Net cash provided from operating activities	350	367	353
Capital expenditures	−788	−355	−417
Merger cash consideration paid, net of cash acquired	−230	0	0
Capital expenditures funded by government grants	−22	0	0
Grant funds received for broadband expansion	17	0	0
Proceeds from sale of IPv4 addresses and other assets	11	3	6
Proceeds from sale of operating assets	0	40	0
Proceeds from sale of unconsolidated entity	0	40	0
Net cash used in investing activities	−1,012	−272	−411
Proceeds from issuance of debt	4,718	714	3,106
Repayments of debt	−3,784	−461	−2,750
Dividends paid	0	−109	−107
Payments of settlement obligation	−74	−98	−98
Payments for financing costs	−236	−16	−71
Other, net	−13	−4	−3
Net cash provided from financing activities	612	27	77
Net (decrease) increase in cash, restricted cash and cash equivalents	−50	122	19

Filings

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