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Re: Large Green post# 8199

Friday, 08/16/2019 1:01:07 PM

Friday, August 16, 2019 1:01:07 PM

Post# of 9365
Not a good MOR was just filed. There is another
Goodwill Impairment Charge of 373.3 M and
a Net Loss of $ 458 M:


[1] Due to a change in reportable operating
segments and reporting units effective
April 1, 2019, the Debtors were required to
reallocate goodwill on a relative fair value basis
to the new reporting units and perform a
goodwill impairment test. The results of the
goodwill impairment test indicated that the
carrying values of the Kinetic and Enterprise
reporting units exceeded their fair values.

Accordingly, in June 2019, the Debtors
recorded a pre-tax goodwill impairment charge
of $373.3 million, consisting of an impairment
of all goodwill allocated to the Kinetic reporting
unit of $254.3 million and an impairment of all
goodwill allocated to the Enterprise reporting
unit of $119.0 million.


https://www.kccllc.net/windstream/document/1922312190815000000000009













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