Company Report

CommScope has Cash flow from operations of $97.7 million and a non-GAAP adjusted free cash flow of $65.1 million in Q4 2020

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.

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