Exhibit 99.1

                    

GCI REPORTS FOURTH QUARTER 2015 FINANCIAL RESULTS
Consolidated Revenue of $241 million and $979 million for the Year
Adjusted EBITDA of $71 million and $330 million for the Year

March 2, 2016, Anchorage, Alaska - General Communication, Inc. (“GCI”) (NASDAQ: GNCMA) today announced its results for the fourth quarter and year end 2015.
2015 Operating and Financial Highlights and Significant Recent Events

Strong growth in Managed Broadband and Consumer data drove fourth quarter revenues to $241 million, up $13 million or five percent over the fourth quarter of 2014. Annual revenues were $979 million, up $68 million or eight percent over 2014, driven by growth in wireless roaming and our broadband data products.

Quarterly Adjusted EBITDA was $71 million, which is flat when compared with the fourth quarter of 2014. Adjusted EBITDA for the year was $330 million, up $7 million or two percent over the prior year. Adjusted EBITDA for the quarter was negatively affected by a reduction in political advertising revenues, which were down approximately $5 million on a year-over-year basis as well as approximately $4 million in non-recurring SG&A charges.
Roaming Agreements: We mentioned during our third quarter earnings call that we were completing long-term agreements with our primary roaming partners. We have completed these agreements, which will assist us in sustaining stable wireless roaming revenues for GCI’s future, and will enable GCI to make capital investment decisions with the security of long-term guaranteed roaming payments. The contracts are long-term agreements with minimum cash payments. These agreements will reduce the cash we receive from roaming and backhaul by approximately 20 percent or $25 million in 2016 when compared with 2015. Notwithstanding the negative cash impact to GCI in 2016, we believe these agreements are valuable to GCI, and substantially mitigate a key risk factor in the business.
Tower Sales: During 2016, we expect to monetize our urban wireless towers and rooftop locations for approximately $90 million in a sale lease back transaction. We will redeploy and invest the cash received into our broadband infrastructure in Alaska.
Billing System Update: In order to drive operational efficiency and improve our customer relationship experience, we recently signed a contract with a billing system provider to migrate our two primary billing platforms into a new unified billing system. We anticipate the conversion will take place in 2018. As part of this process, we are significantly simplifying our rate plans and eliminating our non-core billing systems. Already this year we have shut down two smaller wireless billing systems.

“We finished 2015 on strong operational footing, which sets us up to capitalize on opportunities in 2016”, said Ron Duncan, GCI’s president and chief executive officer.  “Our broadband data products continue to provide core growth and our new wireless roaming agreements secure an important revenue source for the long-term health of the company. We also anticipate selling our urban wireless towers in 2016, which will provide us additional capital that we intend to re-invest in the growth of our company. This sale will support significant investments in a diverse fiber to the North Slope and continued expansion of our TERRA network. These steps demonstrate GCI’s commitment to being the leader in broadband infrastructure in Alaska.”

Wireless
Wireless segment revenues were $60 million for the quarter and $268 million for the year, a three percent decline and one percent decline year-over-year respectively. The decline is due to changes in revenue



allocation between the wireline and wireless segment after closing the AWN transaction, which was offset by an increase in our roaming revenues.
The wireless segment revenue detail is as follows:

($ millions)
4Q15
4Q14
 
2015
2014
Wholesale Wireless
21
25
 
84
100
Roaming and Backhaul
26
23
 
129
116
USF Support
13
14
 
55
54
Total Wireless Revenue
60
62
 
268
270

Wireless segment Adjusted EBITDA was $39 million for the quarter, an increase of $6 million or 18 percent over the fourth quarter of 2014. Annual wireless Adjusted EBITDA was $179 million in 2015, growing $21 million or 13 percent over 2014. Growth in Adjusted EBITDA was a result of increased roaming revenues along with a decrease in roaming costs.
Wireline
Wireline segment revenues of $181 million for the fourth quarter were $14 million, or eight percent higher than the fourth quarter of 2014. Full year revenues of $711 million were $71 million or 11 percent higher than the prior year.
Adjusted EBITDA for the quarter was $32 million and $151 million for the year. EBITDA declined by eight percent for the year and 16 percent for the quarter on a year-over-year basis. These declines are due to changes in allocations between the segments, reduced political advertising and one-time SG&A costs.
Wireline - Consumer
Consumer revenues were $89 million for the quarter, a year-over-year increase of $13 million or 17 percent. Annual revenues of $351 million represent growth of $63 million or 22 percent from the prior year. Revenue growth in 2015 was driven by broadband data subscriber and APRU growth, which combined to provide a 15 percent increase in broadband data revenues over 2014. Revenue also benefited in 2015 from equipment installment plan revenues and the acquired wireless subscriber base. Wireless ARPU was negatively impacted by lower ARPUs from subscribers that bring their own device.
Our cable modem subscribers were up 3,000 in the quarter and 8,200 for the year. Pro-forma for the 87,000 acquired wireless customers in the AWN transaction we saw a reduction of 8,800 wireless subscribers for the year with 4,100 of those coming in the fourth quarter. During the year we moved 53,100 or just over 60 percent of the acquired subscribers onto our primary billing system. We expect to complete the migration in the next year and will continue to have pressure on wireless subscriber net adds until the transition is complete.
Broadband network investment and improving our data product offering remains a key priority for the Company. Our Gigabit red consumer data service is now available to all of our Anchorage subscribers, and was expanded to include the Matanuska Valley in mid-January. GCI plans to launch the Gigabit red service in Fairbanks and Juneau in 2016.





Wireline - Business Services
Revenues in the business services group were $52 million in the fourth quarter, a $7 million or 11 percent decline from the same period in 2014. Annual revenues of $210 million marked a $16 million or seven percent decline from the prior year. The substantial majority of these declines were from lower advertising revenues as compared to 2014, which was a particularly strong year for political advertising in Alaska.
Wireline - Managed Broadband
Managed broadband revenues of $40 million for the quarter drove annual revenues to $150 million, up $8 million or 24 percent over the fourth quarter of 2014 and $23 million or 19 percent over the prior full year. Our managed broadband revenue growth has been driven primarily by customer bandwidth upgrades that have been made possible by our significant and ongoing investment in the TERRA network.
SG&A

SG&A expenses were $89 million in the fourth quarter of 2015, up $10 million or 12 percent from a year ago. Annual SG&A expenses totaled $338 million, an increase of $45 million or 15 percent. Growth in SG&A is a result of one-time AWN transition costs and other recurring costs to support the acquired wireless subscribers. Additionally, we have increased our spending in IT and network support and maintenance.

Other Events

GCI repurchased 0.2 million shares of its Class A common stock during the fourth quarter, bringing the total shares repurchased in 2015 to 3.0 million.
2015 versus Guidance
Our total revenue in 2015 was $979 million, above our guidance range of $920 -$970 million.
Our Adjusted EBITDA guidance was $310 - $335 million for 2015, and at $330 million we were at the high end of the range.
Capital expenditures for the year totaled $176 million, slightly above guidance of $170 million.
2016 Guidance
Adjusted EBITDA Guidance

Adjusted EBITDA is expected to be between $295 million and $325 million in 2016 as compared to $330 million in 2015. In comparing 2015 to 2016, it is important to highlight key differences.

•
GCI entered into new roaming and backhaul agreements with its largest roaming partners that will result in GCI receiving lower roaming payments in exchange for entering into long-term agreements that provide GCI a high degree of visibility of roaming payments for the next several years. For GAAP purposes, associated roaming and backhaul revenues will be calculated based on amortizing cumulative minimum cash payments evenly over the contract life, which will result in a $30 million non-cash reduction in 2016 GAAP revenues. Our Adjusted EBITDA guidance adds back the non-cash impact on revenues. The year-over-year cash impact of these agreements is a $25 million reduction in EBITDA.

•
In connection with migrating billing platforms, we will incur approximately $8 million of operating expenses in 2016, which will not be capitalized and will reduce Adjusted EBITDA.




In total, these two changes represent a reduction of approximately $33 million of Adjusted EBITDA. When adjusting for these impacts, 2016 mid-point Adjusted EBITDA guidance represents a four percent increase year-over-year.

Revenue Guidance

Revenue is expected to be between $930 million and $980 million in 2016. Of this amount, roaming and backhaul revenues are expected to be between $70 million and $80 million compared to 2015 roaming and backhaul revenues of $129 million. It is important to note that the 2016 guidance on revenue does not include $30 million of cash we will receive from our roaming and backhaul partners in excess of our reported revenues. This cash is included in our Adjusted EBITDA guidance.

Excluding the impact of the new roaming and backhaul agreements, all other 2016 mid-point revenues are expected to grow 4 percent year-over-year.

($ millions)
2015
2016
% Change (Mid-Point)
Revenues excluding Roaming and Backhaul
850
860-900
4%
Reported Roaming and Backhaul
129
70-80
-42%
Total Reported Revenues
979
930-980
-2%
Add back non-cash reduction
0
30
 
Total Reported Revenues and non-cash reduction
979
960-1,010
1%

Capital Expenditure Guidance

Capital expenditures are expected to be approximately $210 million, and capital expenditures net of tower sale proceeds to be re-invested in 2016 are expected to be approximately $150 million. The tower sale proceeds will be used primarily to fund two projects. We will expand our network to include a diverse fiber to the North Slope of Alaska. We will also ring and expand our TERRA network to increase our rural networks capacity and reliability. These multi-year projects are expected to total $85 million with approximately $60 million being invested in 2016.

Use of Non-GAAP Measure

Adjusted EBITDA is presented herein and is a non-GAAP measure. See our attached financials for a reconciliation of this non-GAAP measure to the nearest GAAP measure.

Conference Call

The Company will hold a conference call to discuss the financial results on Thursday, March 3rd, at 2:00 p.m. (Eastern). To access the call, call the conference operator between 1:45-2:00 p.m. (Eastern) at 844-850-0551 (International callers should dial +1-412-902-4197) and identify your call as “GCI”.
In addition to dial-up access, GCI will make available net conferencing. To access the call via net conference, log on to gci.com and follow the instructions.
A replay of the call will be available for 72-hours by dialing 877-344-7529, access code 10069357 (International callers should dial +1-412-317-0088).



Forward-Looking Statement Disclosure
The foregoing contains forward-looking statements regarding GCI’s expected results that are based on management’s expectations as well as on a number of assumptions concerning future events. Actual results might differ materially from those projected in the forward-looking statements due to uncertainties and other factors, many of which are outside GCI’s control. Additional information concerning factors that could cause actual results to differ materially from those in the forward-looking statements is contained in GCI’s cautionary statement sections of Forms 10-K and 10-Q filed with the Securities and Exchange Commission.
About GCI
GCI is the largest Alaska-based and operated, integrated telecommunications provider, offering wireless, voice, data, and video services statewide. Learn more about GCI at www.gci.com.
Contacts:
Investors: Kyle Jones, 907.868.7105; kjones@gci.com
Media: David Morris, 907.265.5396, dmorris@gci.com

# # #



GENERAL COMMUNICATION, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(Unaudited)
(Amounts in thousands)
December 31,
ASSETS
2015
 
2014
Current assets:

 

Cash and cash equivalents
$
26,528

 
15,402

 
 
 
 
Receivables (including $0 and $27,944 from a related party at December 31, 2015 and 2014, respectively)
208,384

 
212,441

Less allowance for doubtful receivables
3,630

 
4,542

Net receivables
204,754

 
207,899

 
 
 
 
Prepaid expenses
12,862

 
12,179

Inventories
11,322

 
17,032

Other current assets
3,129

 
153

Total current assets
258,595

 
252,665

 
 
 
 
Property and equipment
2,384,530

 
2,341,511

Less accumulated depreciation
1,290,149

 
1,229,029

Net property and equipment
1,094,381

 
1,112,482

 
 
 
 
Goodwill
239,263

 
229,560

Cable certificates
191,635

 
191,635

Wireless licenses
86,347

 
86,347

Other intangible assets, net of amortization
69,290

 
66,015

Deferred loan and senior notes costs, net of amortization of $7,227 and $8,644 at December 31, 2015 and 2014, respectively
16,335

 
10,949

Other assets
26,462

 
52,725

Total other assets
629,332

 
637,231

Total assets
$
1,982,308

 
2,002,378

 
 
 
 



GENERAL COMMUNICATION, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(Unaudited)
(Continued)
 
 
 
 
(Amounts in thousands)
December 31,
LIABILITIES AND STOCKHOLDERS’ EQUITY
2015
 
2014
Current liabilities:
 
 
 
Current maturities of obligations under long-term debt and capital leases
$
12,050

 
8,722

Accounts payable (including $0 and $7,447 to a related party at December 31, 2015 and 2014, respectively)
63,014

 
76,918

Deferred revenue
34,128

 
29,314

Accrued payroll and payroll related obligations
31,337

 
32,803

Accrued liabilities
22,822

 
14,457

Accrued interest (including $5,132 and $0 to a related party at December 31, 2015 and 2014, respectively)
13,655

 
6,654

Subscriber deposits
1,242

 
1,212

Total current liabilities
178,248

 
170,080

 
 
 
 
Long-term debt, net (including $54,810 and $0 due to a related party at December 31, 2015 and 2014, respectively)
1,344,764

 
1,036,056

Obligations under capital leases, excluding current maturities (including $1,824 and $1,857 due to a related party at December 31, 2015 and 2014, respectively)
59,651

 
68,356

Deferred income taxes
106,145

 
131,752

Long-term deferred revenue
93,427

 
85,734

Other liabilities (including $32,820 and $0 for derivative stock appreciation rights with a related party at December 31, 2015 and 2014, respectively)
80,812

 
43,178

Total liabilities
1,863,047

 
1,535,156

 
 
 
 
Commitments and contingencies
 
 
 
Stockholders’ equity:
 
 
 
Common stock (no par):
 
 
 
Class A. Authorized 100,000 shares; issued 35,593 and 37,998 shares at December 31, 2015 and 2014, respectively; outstanding 35,567 and 37,972 shares at December 31, 2015 and 2014, respectively
—

 
13,617

Class B. Authorized 10,000 shares; issued and outstanding 3,154 and 3,159 shares at December 31, 2015 and 2014, respectively; convertible on a share-per-share basis into Class A common stock
2,664

 
2,668

Less cost of 26 Class A common shares held in treasury at December 31, 2015 and 2014
(249
)
 
(249
)
Paid-in capital
6,631

 
26,773

Retained earnings
79,217

 
124,547

Total General Communication, Inc. stockholders' equity
88,263

 
167,356

Non-controlling interests
30,998

 
299,866

Total stockholders’ equity
119,261

 
467,222

Total liabilities and stockholders’ equity
$
1,982,308

 
2,002,378




GENERAL COMMUNICATION, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
YEARS ENDED DECEMBER 31, 2015, 2014, AND 2013
(Unaudited)
 
 
 
 
 
 
(Amounts in thousands, except per share amounts)
2015
 
2014
 
2013
Revenues:
 
 
 
 
 
Non-related party
$
973,251

 
850,656

 
782,971

Related party
5,283

 
59,542

 
28,677

Total revenues
978,534

 
910,198

 
811,648

 
 
 
 
 
 
Cost of goods sold (exclusive of depreciation and amortization shown separately below):
 
 
 
 
 
Non-related party
321,457

 
291,770

 
275,701

Related party
881

 
10,934

 
4,761

Total cost of goods sold
322,338

 
302,704

 
280,462

 
 
 
 
 
 
Selling, general and administrative expenses
 
 
 
 
 
Non-related party
337,839

 
289,674

 
268,026

Related party
540

 
3,973

 
3,039

Total selling, general and administrative expenses
338,379

 
293,647

 
271,065

 
 
 
 
 
 
Depreciation and amortization expense
181,767

 
170,285

 
147,259

Software impairment charge
29,839

 
—

 
—

Operating income
106,211

 
143,562

 
112,862

 
 
 
 
 
 
Other income (expense):
 
 
 
 
 
Interest expense (including amortization of deferred loan fees)
(78,786
)
 
(72,496
)
 
(69,725
)
Related party interest expense
(6,602
)
 
—

 
—

Loss on extinguishment of debt
(27,700
)
 
—

 
(103
)
Impairment of equity method investment
(12,593
)
 
—

 
—

Unrealized loss on derivative instrument with related party
(11,160
)
 
—

 
—

Other
2,917

 
(1,793
)
 
(350
)
Other expense, net
(133,924
)
 
(74,289
)
 
(70,178
)
Income (loss) before income taxes
(27,713
)
 
69,273

 
42,684

Income tax (expense) benefit
1,847

 
(10,029
)
 
(10,957
)
Net income (loss)
(25,866
)
 
59,244

 
31,727

Net income attributable to non-controlling interests
159

 
51,687

 
22,321

Net income (loss) attributable to General Communication, Inc.
$
(26,025
)
 
7,557

 
9,406

Basic net income (loss) attributable to General Communication, Inc. common stockholders per Class A common share
$
(0.69
)
 
0.18

 
0.23

Basic net income (loss) attributable to General Communication, Inc. common stockholders per Class B common share
$
(0.69
)
 
0.18

 
0.23

Diluted net income (loss) attributable to General Communication, Inc. common stockholders per Class A common share
$
(0.69
)
 
0.18

 
0.23

Diluted net income (loss) attributable to General Communication, Inc. common stockholders per Class B common share
$
(0.69
)
 
0.18

 
0.23

 
 
 
 
 
 
Common shares used to calculate Class A basic EPS
34,764

 
36,112

 
36,194

Common shares used to calculate Class A diluted EPS
37,921

 
39,386

 
39,502




GENERAL COMMUNICATION, INC. AND SUBSIDIARIES
SUPPLEMENTAL SCHEDULES
(Unaudited)
(Amounts in thousands)
 
 
 
 
 
 
 
Fourth Quarter 2015
 
Fourth Quarter 2014
 
Wireless
Wireline
 
 
Wireless
Wireline
 
 
Segment
Segment
Total
 
Segment
Segment
Total
Revenues
 
 
 
 
 
 
 
  Wireless
$
60,108

21,253

81,361

 
61,665

9,539

71,204

  Data
—

104,099

104,099

 
—

94,959

94,959

  Video
—

33,753

33,753

 
—

39,227

39,227

  Voice
—

22,131

22,131

 
—

23,401

23,401

    Total
60,108

181,236

241,344

 
61,665

167,126

228,791

 
 
 
 
 
 
 
 
Cost of goods sold
17,002

68,595

85,597

 
24,686

56,961

81,647

 
 
 
 
 
 
 
 
    Contribution
43,106

112,641

155,747

 
36,979

110,165

147,144

 
 
 
 
 
 
 
 
Less SG&A
(4,488
)
(84,261
)
(88,749
)
 
(4,443
)
(74,712
)
(79,155
)
Plus share-based compensation expense
—

2,828

2,828

 
—

2,268

2,268

Plus accretion expense
63

66

129

 
148

140

288

Other
—

566

566

 
—

109

109

    Adjusted EBITDA
$
38,681

31,840

70,521

 
32,684

37,970

70,654




GENERAL COMMUNICATION, INC. AND SUBSIDIARIES
SUPPLEMENTAL SCHEDULES
(Unaudited)
(Amounts in thousands)
 
 
 
 
 
 
 
Fourth Quarter 2015
 
Third Quarter 2015
 
Wireless
Wireline
 
 
Wireless
Wireline
 
 
Segment
Segment
Total
 
Segment
Segment
Total
Revenues
 
 
 
 
 
 
 
  Wireless
$
60,108

21,253

81,361

 
80,424

21,487

101,911

  Data
—

104,099

104,099

 
—

100,245

100,245

  Video
—

33,753

33,753

 
—

32,959

32,959

  Voice
—

22,131

22,131

 
—

23,458

23,458

    Total
60,108

181,236

241,344

 
80,424

178,149

258,573

 
 
 
 
 
 
 
 
Cost of goods sold
17,002

68,595

85,597

 
18,031

64,686

82,717

 
 
 
 
 
 
 
 
    Contribution
43,106

112,641

155,747

 
62,393

113,463

175,856

 
 
 
 
 
 
 
 
Less SG&A
(4,488
)
(84,261
)
(88,749
)
 
(5,115
)
(77,540
)
(82,655
)
Plus share-based compensation expense
—

2,828

2,828

 
—

2,660

2,660

Plus accretion expense
63

66

129

 
126

65

191

Other
—

566

566

 
—

474

474

    Adjusted EBITDA
$
38,681

31,840

70,521

 
57,404

39,122

96,526





GENERAL COMMUNICATION, INC. AND SUBSIDIARIES
SUPPLEMENTAL SCHEDULES
(Unaudited)
(Amounts in thousands)
 
 
 
 
 
 
 
Twelve Months Ended December 31, 2015
 
Twelve Months Ended December 31, 2014
 
Wireless
Wireline
 
 
Wireless
Wireline
 
 
Segment
Segment
Total
 
Segment
Segment
Total
Revenues
 
 
 
 
 
 
 
  Wireless
$
267,676

83,896

351,572

 
269,977

33,747

303,724

  Data
—

399,685

399,685

 
—

363,255

363,255

  Video
—

133,893

133,893

 
—

144,434

144,434

  Voice
—

93,384

93,384

 
—

98,785

98,785

    Total
267,676

710,858

978,534

 
269,977

640,221

910,198

 
 
 
 
 
 
 
 
Cost of goods sold
70,899

251,439

322,338

 
90,920

211,784

302,704

 
 
 
 
 
 
 
 
    Contribution
196,777

459,419

656,196

 
179,057

428,437

607,494

 
 
 
 
 
 
 
 
Less SG&A
(18,137
)
(320,242
)
(338,379
)
 
(21,631
)
(272,016
)
(293,647
)
Plus share-based compensation expense
—

10,902

10,902

 
—

8,392

8,392

Plus accretion expense
559

562

1,121

 
733

516

1,249

Other
—

511

511

 
—

(372
)
(372
)
    Adjusted EBITDA
$
179,199

151,152

330,351

 
158,159

164,957

323,116





General Communication, Inc.
 
 
 
 
 
 
 
 
Non-GAAP Financial Reconciliation Schedule
 
 
 
 
 
 
 
 
(Unaudited, Amounts in Thousands)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended
 
Twelve Months Ended
 
 
December 31,
 
December 31,
 
September 30,
 
December 31,
 
December 31,
 
 
2015
 
2014
 
2015
 
2015
 
2014
Net income (loss)
 
$
(8,879
)
 
5,796

 
17,495

 
(25,866
)
 
59,244

Income tax expense (benefit)
 
3,110

 
1,400

 
8,122

 
(1,847
)
 
10,029

Income (loss) before income taxes
 
(5,769
)
 
7,196

 
25,617

 
(27,713
)
 
69,273

 
 
 
 
 
 
 
 
 
 
 
Other (income) expense:
 
 
 
 
 
 
 
 
 
 
Interest expense (including amortization of deferred loan fees)
 
19,073

 
18,267

 
19,260

 
78,786

 
72,496

Related party interest expense
 
1,842

 
—

 
1,828

 
6,602

 
—

Loss on extinguishment of debt
 
—

 
—

 
—

 
27,700

 
—

Impairment of equity method investment
 
—

 
—

 
—

 
12,593

 
—

Derivative instrument unrealized (income) loss
 
6,120

 
—

 
(30
)
 
11,160

 
—

Other
 
(472
)
 
84

 
(1,202
)
 
(2,917
)
 
1,793

Other expense, net
 
26,563

 
18,351

 
19,856

 
133,924

 
74,289

 
 
 
 
 
 
 
 
 
 
 
Operating income
 
20,794

 
25,547

 
45,473

 
106,211

 
143,562

Plus depreciation and amortization expense
 
46,204

 
42,442

 
45,157

 
181,767

 
170,285

Plus software impairment charge
 
—

 
—

 
2,571

 
29,839

 
—

Plus share-based compensation expense
 
2,828

 
2,268

 
2,660

 
10,902

 
8,392

Plus accretion expense
 
129

 
288

 
191

 
1,121

 
1,249

Other
 
566

 
109

 
474

 
511

 
(372
)
Adjusted EBITDA (Note 1)
 
$
70,521

 
70,654

 
96,526

 
330,351

 
323,116

 
 
 
 
 
 
 
 
 
 
 
Note:
(1) Earnings plus imputed interest on financed devices before:
•Net interest expense,
•Income taxes,
•Depreciation and amortization expense,
•Loss on extinguishment of debt,
•Software impairment charge,
•Derivative instrument unrealized income (loss),
•Share-based compensation expense,
•Accretion expense,
•Loss attributable to non-controlling interest resulting from NMTC transactions,
•Gains and impairment losses on equity and cost method investments,
•Other non-cash adjustments.

Adjusted EBITDA is not presented as an alternative measure of net income, operating income or cash flow from operations, as determined in accordance with accounting principles generally accepted in the United States of America. GCI's management uses Adjusted EBITDA to evaluate the operating performance of its business, and as a measure of performance for incentive compensation purposes. GCI believes Adjusted EBITDA is useful to investors and other users of our financial



information in understanding and evaluating operating performance as an analytical indicator of income generated to service debt and fund capital expenditures. In addition, multiples of current or projected Adjusted EBITDA are used to estimate current or prospective enterprise value. Adjusted EBITDA does not give effect to cash used for debt service requirements, and thus does not reflect funds available for investment or other discretionary uses. Adjusted EBITDA as presented herein may not be comparable to similarly titled measures reported by other companies.







GENERAL COMMUNICATION, INC. AND SUBSIDIARIES
WIRELINE SEGMENT SUPPLEMENTAL REVENUE SCHEDULES
(Unaudited)
(Amounts in thousands)
 
 
 
 
 
 
 
 
 
 
Fourth Quarter 2015
 
Fourth Quarter 2014
 
 
Business
Managed
 
 
 
Business
Managed
 
 
Consumer
Services
Broadband
Total
 
Consumer
Services
Broadband
Total
Revenues
 
 
 
 
 
 
 
 
 
  Wireless
$
19,233

2,020

—

21,253

 
9,158

381

—

9,539

  Data
34,442

35,012

34,645

104,099

 
30,294

37,694

26,971

94,959

  Video
28,445

5,308

—

33,753

 
29,159

10,068

—

39,227

  Voice
7,160

9,524

5,447

22,131

 
7,839

10,253

5,309

23,401

    Total
$
89,280

51,864

40,092

181,236

 
76,450

58,396

32,280

167,126

 
 
 
 
 
 
 
 
 
 
(Amounts in thousands)
 
 
 
 
 
 
 
 
 
 
Fourth Quarter 2015
 
Third Quarter 2015
 
 
Business
Managed
 
 
 
Business
Managed
 
 
Consumer
Services
Broadband
Total
 
Consumer
Services
Broadband
Total
Revenues
 
 
 
 
 
 
 
 
 
  Wireless
$
19,233

2,020

—

21,253

 
19,451

2,036

—

21,487

  Data
34,442

35,012

34,645

104,099

 
32,465

35,238

32,542

100,245

  Video
28,445

5,308

—

33,753

 
28,483

4,476

—

32,959

  Voice
7,160

9,524

5,447

22,131

 
7,420

10,316

5,722

23,458

    Total
$
89,280

51,864

40,092

181,236

 
87,819

52,066

38,264

178,149

 
 
 
 
 
 
 
 
 
 
(Amounts in thousands)
 
 
 
 
 
 
 
 
 
 
Twelve Months Ended December 31, 2015
 
Twelve Months Ended December 31, 2014
 
 
Business
Managed
 
 
 
Business
Managed
 
 
Consumer
Services
Broadband
Total
 
Consumer
Services
Broadband
Total
Revenues
 
 
 
 
 
 
 
 
 
  Wireless
$
75,799

8,097

—

83,896

 
30,998

2,749

—

33,747

  Data
130,213

142,033

127,439

399,685

 
113,306

144,945

105,004

363,255

  Video
115,074

18,819

—

133,893

 
111,175

33,259

—

144,434

  Voice
30,110

41,026

22,248

93,384

 
32,535

45,010

21,240

98,785

    Total
$
351,196

209,975

149,687

710,858

 
288,014

225,963

126,244

640,221

 
 
 
 
 
 
 
 
 
 





GENERAL COMMUNICATION, INC. AND SUBSIDIARIES
KEY PERFORMANCE INDICATORS
(Unaudited)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2015
 
December 31, 2015
 
 

 
as compared to
 
as compared to
 
 
December 31,
December 31,
September 30,
 
December 31,
September 30,
 
December 31,
September 30,
 
 
2015
2014
2015
 
2014
2015
 
2014
2015
Wireline Segment
 
 
 
 
 
 
 
 
 
Consumer
 
 
 
 
 
 
 
 
 
Data
 
 
 
 
 
 
 
 
 
 
Cable modem subscribers
127,300

119,100

124,300

 
8,200

3,000

 
6.9
 %
2.4
 %
Video
 
 
 
 
 
 
 
 
 
 
Basic subscribers
114,000

116,400

113,600

 
(2,400
)
400

 
(2.1
)%
0.4
 %
 
Digital programming tier subscribers
59,500

63,800

59,500

 
(4,300
)
—

 
(6.7
)%
—
 %
 
HD/DVR converter boxes
114,000

108,400

110,700

 
5,600

3,300

 
5.2
 %
3.0
 %
 
Homes passed
251,900

248,200

251,200

 
3,700

700

 
1.5
 %
0.3
 %
Voice
 
 
 
 
 
 
 
 
 
 
Local access lines in service
50,400

54,600

51,000

 
(4,200
)
(600
)
 
(7.7
)%
(1.2
)%
Business Services
 
 
 
 
 
 
 
 
 
Data
 
 
 
 
 
 
 
 
 
 
Cable modem subscribers
12,700

14,100

14,200

 
(1,400
)
(1,500
)
 
(9.9
)%
(10.6
)%
Voice
 
 
 
 
 
 
 
 
 
 
Local access lines in service
46,600

47,400

47,100

 
(800
)
(500
)
 
(1.7
)%
(1.1
)%
Consumer and Business Services Combined
Wireless
 
 
 
 
 
 
 
 
 
 
Consumer Lifeline lines in service
28,100

25,000

28,100

 
3,100

—

 
12.4
 %
—
 %
 
Consumer prepaid lines in service
23,800

10,600

27,100

 
13,200

(3,300
)
 
124.5
 %
(12.2
)%
 
Consumer postpaid lines in service
146,300

95,800

146,700

 
50,500

(400
)
 
52.7
 %
(0.3
)%
 
Business Services postpaid lines in service
29,600

18,200

30,000

 
11,400

(400
)
 
62.6
 %
(1.3
)%
 
Total wireless lines in service
227,800

149,600

231,900

 
78,200

(4,100
)
 
52.3
 %
-1.8
 %














GENERAL COMMUNICATION, INC. AND SUBSIDIARIES
KEY PERFORMANCE INDICATORS
(Unaudited)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2015
 
December 31, 2015
 
 
Three Months Ended
 
as compared to
 
as compared to
 
 
December 31,
December 31,
September 30,
 
December 31,
September 30,
 
December 31,
September 30,
 
 
2015
2014
2015
 
2014
2015
 
2014
2015
Wireline segment
 
 
 
 
 
 
 
 
 
Consumer
 
 
 
 
 
 
 
 
 
Video
 
 
 
 
 
 
 
 
 
 
Average monthly revenue per subscriber
$
83.10

$
83.57

$
80.85

 
$
(0.47
)
$
2.25

 
(0.6
)%
2.8
 %
 
 
 
 
 
 
 
 
 
 
 
Combined Consumer and Business Services
 
 
 
 
 
 
Data
 
 
 
 
 
 
 
 
 
 
Average monthly revenue per cable modem subscriber
$
87.31

$
83.01

$
84.87

 
$
4.30

$
2.44

 
5.2
 %
2.9
 %
 
 
 
 
 
 
 
 
 
 
 
Wireless
 
 
 
 
 
 
 
 
 
 
Average monthly revenue per subscriber
$
43.37

$
50.16

$
44.24

 
$
(6.79
)
$
(0.87
)
 
(13.5
)%
(2.0
)%