WCG is at a low of 2.85 ... and here is the Market guide report
illiams Communications Ticker: WCG Page 1 of 10
Complete Financials: March 2001 Exchange NYSE
FY END DEC
ISSUE DATA (06/29/01) PER SHARE DATA RATIOS
Price $ 2.97 EPS (TTM) $ -1.07 P/E (TTM) NM
52W High $ 33.69 Div. Rate $ 0.00 Yield 0.00 %
52W Low $ 2.35 Book Value $ 3.96 Price/Book 0.75
Shrs Out 488.87 Mil Cash $ 2.55 ROE (TTM) -29.38 %
Float 425.30 Mil Rev (TTM) $ 2.03 ROA (TTM) -6.03 %
Mon. Vol 162.25 Mil Curr. Ratio 2.41
Beta NA LT Dbt/Eqty 2.26
BRIEF: WCG, provides voice, data, Internet and video
services to communications service providers. WCG also
sells, installs and maintains equipment and network services
that address the voice and data needs of organizations. For
the 3 months ended 3/31/01, revenues rose 69% to $276.1M.
Net loss from cont. ops. applic. to Common totaled $306.6M,
up from $86.2M. Revenues reflect higher data & voice
services. Higher loss reflects higher connection costs.
Copyright (c) 2001, Market Guide Inc., All rights reserved (more)
Williams Communications QUARTERLY SUMMARY Page 2 of 10
HISTORICAL QUARTERLY RESULTS(Thousands of U.S. Dollars)
REVENUE 1998 1999 2000 2001
1st Qtr MAR 387,773 164,149 163,374 276,064
2nd Qtr JUN 413,953 142,416 179,353
3rd Qtr SEP 423,120 135,687 209,314
4th Qtr DEC 508,623 159,204 287,036
EPS (U.S. Dollars per share)
1st Qtr MAR -0.070 -0.170 -0.190 -0.650
2nd Qtr JUN -0.040 -0.310 0.030
3rd Qtr SEP -0.160 -0.220 -0.320
4th Qtr DEC -0.200 -0.110 -0.130
6/98 & Q = 6 months. FY'98 & '99 fncls. are and '00 Q's are
being restated for discontinued ops. Summ. Q's reflect
restatement. 12/00 Q = 9 months.
DIVIDENDS EMPLOYEES
Last Dividend Decl. $ NA # Employees 10,642
Last Div Ex-Date NA Sales/Employee (TTM) 89,435
Last Div Pay Date NA Net. Income/Empl.(TTM) NM
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Williams Communications COMPANY COMPARISON Page 3 of 10
TO THE TELECOMMUNICATIONS AND S&P 500 AGGREGATES
VALUATION RATIOS: COMPANY INDUSTRY S&P 500
P/E Ratio NM 27.08 28.07
Dividend Yield 0.00 0.81 1.27
Price to Tangible Book 0.79 6.17 8.68
Price to Book 0.75 4.10 6.04
Price to Free Cash Flow -0.40 50.74 43.34
GROWTH STATISTICS:
3 Yr Rev Growth -16.25 28.61 15.12
3 Yr EPS Growth NM 29.12 17.52
3 Yr Div Growth NM 7.46 10.97
Reinvestment Rate 100.00 79.74 72.80
PROFITABILITY RATIOS:
Net Profit Margin -51.87 7.37 11.32
Return on Equity -29.38 10.81 19.91
Interest Coverage -1.14 4.00 9.12
FINANCIAL STRENGTH RATIOS:
Current Ratio 2.41 1.44 1.61
LT Debt to Equity 2.26 0.71 0.75
Total Debt to Equity 2.26 0.94 1.02
Copyright (c) 2001, Market Guide Inc., All rights reserved (more)
Williams Communications TRADING & PRICE PERFORMANCE Page 4 of 10
INSTITUTIONAL OWNERSHIP INSIDER TRADING (Prev. 6 months)
% Shares Out. Owned 5.69 % Net Insider Trades -1
# of Institutions 209 # Buy Transactions 0
Total Shs Held 27.820 Mil # Sell Transactions 1
3 Mo. Net Purch. 3.113 Mil Net Shares Bought 0.000 Mil
3 Mo. Shs Purch. 5.698 Mil # Shares Bought 0.000 Mil
3 Mo. Shs Sold 2.585 Mil # Shares Sold 0.000 Mil
4 Week Price % Change -31.1% 4 Week Rel. Price % Change -29.0%
13 Week Price % Change -67.0% 13 Week Rel. Price % Change -68.7%
26 Week Price % Change -74.7% 26 Week Rel. Price % Change -72.7%
52 Week Price % Change -91.0% 52 Week Rel. Price % Change -89.3%
YTD Week Price % Change -74.7% YTD Week Rel. Price % Change -72.7%
SHORT INTEREST
Current month 11.682 Mil
Previous month 12.153 Mil
Avg Daily Vol. 10.480 Mil
MARKET MAKERS: NYSE
Copyright (c) 2001, Market Guide Inc., All rights reserved (more)
Williams Communications EQUITY, OFFICERS & ADDRESS Page 5 of 10
Class A Common Stock $.01 Par, 4/01, 1B auth., 488,866,165
issd. Insiders own less than 1%. Wells Fargo & Co. owns
6%, Capital Research owns 6%. IPO 9/30/99, 29.6M shares @
$23 by Solomon Smith Barney. 4/01, All Class B Common
converted into Class A Common. *Note: All Shares prior to
IPO are pro forma.
OFFICERS: Howard E. Janzen, Chmn./Pres./CEO, Scott E.
Schubert, CFO/Sr. VP, Patti L. Schmigle, Sr. VP, Bob F.
McCoy, Sr. VP, Matthew W. Bross, Sr. VP/CTO. TRANSFER
AGENT: Bank of NY. Company incorporated 1994 in DE.
Direct inquiries to: Director of Investor Relations.
ADDRESS & PHONE NUMBERS
Williams Communications
One Williams Center
Tulsa, OK 74172
PHONE: (918) 573-6000
FAX: (918) 573-6714
Copyright (c) 2001, Market Guide Inc., All rights reserved (more)
Williams Communications ANNUAL INCOME STATEMENT Page 6 of 10
(Thousands of U.S. Dollars)
12M 12/31/97 12M 12/31/98 12M 12/31/99 12M 12/31/00
RSTD12/31/00 RSTD12/31/00
Related Parties 0 11,964 16,706 184,077
Revenues 1,428,513 363,375 584,750 655,000
Total Revenue 1,428,513 375,339 601,456 839,077
Cost of Sales 1,043,932 294,382 526,040 823,272
Selling/Gen./Admin. 329,513 140,965 199,615 270,071
Prov./Doubful Accts. 7,837 2,360 1,066 9,959
Depreciation/Amort. 71,863 50,564 86,718 185,024
Other 32,269 28,232 34,512 -578
Total Expenses 1,485,414 516,503 847,951 1,287,748
Operating Income -56,901 -141,164 -246,495 -448,671
Copyright (c) 2001, Market Guide Inc., All rights reserved (more)
Williams Communications ANNUAL INCOME STATEMENT Page 7 of 10
(Thousands of U.S. Dollars)
12M 12/31/97 12M 12/31/98 12M 12/31/99 12M 12/31/00
RSTD12/31/00 RSTD12/31/00
Operating Income -56,901 -141,164 -246,495 -448,671
Interest Expense -8,714 -16,445 -135,939 -387,816
Other, Net 37,610 6,243 50,937 524,692
Income Before Taxes -28,005 -151,366 -331,497 -311,795
Income Taxes 2,038 -4,787 -3,185 -34,107
Income After Taxes -30,043 -146,579 -328,312 -277,688
Preferred Dividends 0 0 0 -4,956
Pri/Bas EPS Ex. XOrd -0.076 -0.371 -0.796 -0.609
Discontinued Ops. 0 -39,150 -31,389 -540,000
Pri/Bas EPS In. XOrd -0.076 -0.470 -0.872 -1.772
Primary/Basic Avg Sh 395,435.00 395,435.00 412,620.00 464,145.00
Common Dividends/Shr 0.0000 0.0000 0.0000 0.0000
Copyright (c) 2001, Market Guide Inc., All rights reserved (more)
Williams Communications SELECTED INCOME STATEMENT Page 8 of 10
(Thousands of U.S. Dollars)
QUARTERS YEAR TO DATE
3M 03/31/00 3M 03/31/01 3M 03/31/00 3M 03/31/01
RSTD03/31/01 RSTD03/31/01
Revenue 163,374 276,064 163,374 276,064
Operating Expenses 268,609 417,695 268,609 417,695
Operating Income -105,235 -141,631 -105,235 -141,631
Non-Operating Income 108,268 -971 108,268 -971
Non-Operating Expenses -79,827 -116,502 -79,827 -116,502
Income Before Taxes -76,794 -259,104 -76,794 -259,104
Income Taxes 9,364 43,070 9,364 43,070
Adjustments to Income 0 -4,416 0 -4,416
Inc. for Primary EPS -86,158 -306,590 -86,158 -306,590
Pri/Bas EPS Ex. XOrd -0.186 -0.647 -0.186 -0.647
Disc Opns + Xord Items -35,458 0 -35,458 0
Pri/Bas EPS In. XOrd -0.262 -0.647 -0.262 -0.647
Primary/Basic Avg Sh 463,626.00 473,692.00 463,626.00 473,692.00
Dilutd EPS Excl XOrd -0.186 -0.647 -0.186 -0.647
Dilutd EPS Incl XOrd -0.262 -0.647 -0.262 -0.647
Common Dividends/Shr 0.000 0.000 0.000 0.000
Copyright (c) 2001, Market Guide Inc., All rights reserved (more)
Williams Communications SELECTED BALANCE SHEET Page 9 of 10
(Thousands of U.S. Dollars)
YEAR ENDING QUARTER ENDING
12/31/99 12/31/00 03/31/00 03/31/01
RSTD12/31/00
Cash & ST Investments 1,903,615 609,072 1,335,014 1,246,464
Receivables 119,476 291,706 541,723 328,893
Total Current Assets 2,871,497 1,206,414 2,177,952 2,163,684
LT Investments 786,046 619,852 1,043,445 136,577
Fixed Assets 2,047,672 5,138,984 2,720,814 5,523,581
Total Assets 6,057,703 7,409,285 6,557,611 8,345,219
Accounts Payable 234,859 419,863 282,882 347,876
ST Debt & Curr LTD 12,500 0 21,190 0
Total Current Liab. 700,970 929,652 1,055,446 896,704
LT Debt & Cap Leases 2,965,385 4,526,706 2,964,550 4,912,022
Total Liabilities 3,945,103 5,955,291 4,503,353 6,169,077
Preferred Stock 0 240,722 0 240,920
Common/Paid In Capital 2,664,563 2,663,772 2,666,541 3,775,029
Retained Earnings -676,861 -1,494,549 -798,477 -1,796,723
Total Equity 2,112,600 1,453,994 2,054,258 2,176,142
Shares Outstanding 463,600 463,600 463,600 488,300
Copyright (c) 2001, Market Guide Inc., All rights reserved (more)
Williams Communications SELECTED STMT OF CASH FLOWS Page 10 of 10
INDIRECT METHOD (Thousands of U.S. Dollars)
ANNUAL YEAR TO DATE
12M 12/31/99 12M 12/31/00 3M 03/31/00 3M 03/31/01
RSTD12/31/00 RSTD03/31/01
Net Income -328,312 -277,688 -86,158 -302,174
Depreciation & Amort. 86,718 185,024 33,267 85,213
Non Cash Items -113,247 -351,097 -17,443 119,782
Total Operating CF 33,754 -207,953 51,570 -46,032
Capital Expenditures -1,591,701 -3,304,970 -656,816 -499,860
Total Investing CF -3,266,333 -1,826,065 -185,420 -1,446,355
Dividends Paid 0 0 0 0
Sale (Purch.) of Stock 1,468,085 244,666 1,978 32,762
Net Borrowings 1,988,442 1,560,588 -258 1,360,707
Total Financing CF 3,681,074 1,764,053 1,549 1,374,989
Exchange Rate Effect 0 0 0 0
Net Change In Cash 448,495 -269,965 -132,301 -117,398
Oper CF-Cap Exp-Div Pd -1,557,947 -3,512,923 -605,246 -545,892
Copyright (c) 2001, Market Guide Inc., All rights reserved
:=) Gary Swancey
