Earthlink Inc (ELNK)

[rabidconservative]

Earthlink announces 4th quarter and Full year 2009 results 2 minutes ago ATLANTA — February 4, 2010 — EarthLink, Inc. (NASDAQ: ELNK) today announced financial results for its fourth quarter and full year ended December 31, 2009. Highlights for the fourth quarter include:

Net income of $193.3 million or $1.79 per share
Adjusted EBITDA (a non-GAAP measure) of $50.9 million
Free cash flow (a non-GAAP measure) of $48.4 million
Dividend payments to shareholders of $15.0 million
Ending cash and marketable securities balance of $696.0 million
Announced full year 2010 Adjusted EBITDA (a non-GAAP measure) guidance of $180 million to $190 million
"The results EarthLink announced today demonstrate continued consistent performance against the strategy we launched two and a half years ago to focus the company on creating shareholder value through strong cash generation in the core business. As a result, our full year 2009 results outperformed relative to expectations," said EarthLink Chairman and Chief Executive Officer Rolla P. Huff. "As we look towards 2010, the full year guidance we are providing is narrower in range and reflects the increasing visibility we believe we have in our business. We will continue our disciplined process of evaluating potential strategic uses of our balance sheet, while we operate our core business with the same discipline and operational excellence our shareholders have come to expect."


http://www.earthlink.net/about/press/pressrelease.faces?id=807