CenturyLink, Inc. (NYSE: CTL) full-year 2015 operating revenues decreased to USD17.9 billion from USD18.0 billion in 2014, the company said.
Core revenues decreased to USD16.1 billion in 2015 from USD16.3 in 2014. Operating cash flow, excluding special items, was USD7.0 billion in 2015 compared to USD7.1 billion in 2014.
The decline in operating revenues was driven by the impact of lower legacy voice revenues, a decline in strategic low-bandwidth data services and lower data integration revenues. These revenue declines were partially offset by increases in strategic revenues resulting primarily from increased business customer demand for high-bandwidth data services, along with growth in high-speed Internet and CenturyLinkÂ® PrismTM TV revenues, and increased high-cost support revenues due to the recognition of CAF Phase 2 funds.
The operating cash flow decline was driven primarily by the decline in operating revenues. Adjusted Net Income, excluding special items, was USD1.5 billion in 2015, flat compared to 2014. Adjusted Diluted EPS, excluding special items, was USD2.71 in 2015 compared to USD2.61 in 2014.
CenturyLink is a global communications, hosting, cloud and IT services company enabling millions of customers to transform their businesses and their lives through innovative technology solutions.