- For the full year 2013, grew CNS revenue by 2.9 percent and Enterprise CNS revenue by 6.8 percent year-over-year, on a constant currency basis
- Grew Adjusted EBITDA 11 percent for the full year 2013 compared to the full year 2012
- Free Cash Flow for full year 2013 was positive $29 million, excluding interest rate swap payments of $46 million and accelerated cash interest expense payments of $30 million
Level 3 Communications, Inc. (NYSE: LVLT) reported total revenue of $1.602 billion for the fourth quarter 2013, compared to $1.614 billion for the fourth quarter 2012. For the full year 2013, total revenue was $6.313 billion, compared to $6.376 billion for the full year 2012.
The company generated net income of $14 million and $0.06 per share for the fourth quarter 2013, compared to a net loss of $56 million and ($0.26) for the fourth quarter 2012.
Adjusted EBITDA was $466 million in the fourth quarter 2013, which included a $10 million non-recurring, legacy Latin America non-income tax benefit.
"We had a strong finish to 2013 as our fourth quarter revenue benefited from both underlying growth and seasonal strength," said Jeff Storey, president and CEO of Level 3. "Level 3's global network and differentiated customer experience continue to resonate with enterprises, leading to solid CNS enterprise growth of 6.8 percent for the full year 2013. We are well-positioned for improved growth in 2014."
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