CommScope Holding Company, Inc. (NASDAQ: COMM), a global leader in network connectivity solutions, reported results for the quarter and year ended December 31, 2020.
GAAP cash flow from operations of $436.2 million.
• Non-GAAP adjusted free cash flow was $415.4 million after adjusting operating cash flow for $121.2 million of additions to property, plant and equipment, $78.7 million of cash paid for restructuring costs and $21.7 million of cash paid for transaction and integration costs.
• Ended the year with $521.9 million in cash and cash equivalents.
• As of December 31, 2020, the Company had no outstanding borrowings under its assetbased revolving credit facility and had availability of $735.1 million, after giving effect to borrowing base limitations and outstanding letters of credit. The Company ended the year with total liquidity of approximately $1.26 billion.
• Redeemed $200 million aggregate principal amount of the 2025 Notes and $100 million aggregate principal of the 2021 Notes during the year.
Source: ir.commscope.com
