Our investors benefited from a 91% total return in 2010. As we completed the year, we continued to improve top line trends, expand margins, generate significant free cash flow and we achieved our guidance expectations. We continued to see strong growth in our strategic revenue as we aggressively deployed fiber-based broadband services. Strategic revenue is a greater contributor in each of our three business units. Overall, strategic revenue now represents 40% of the company's total revenue.Our effort to improve margins is another area where we had strong success in 2010. For the full year, our adjusted EBITDA margin was once again at its best level since the merger with U S West in 2000. We also continued to strengthen our financial flexibility by improving the balance sheet. Our progress was recognized earlier this year by a rating agency upgrade. During the fourth quarter, we redeemed all of the $1.1 billion outstanding convertible notes. And as of today, we've achieved our stated annual debt reduction goal of $3.5 billion announced in February 2010.
Qwest Communications International's CEO Discusses Q4 2010 Results - Earnings Call Transcript
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
Every recommendation goes through 3 layers of intense scrutinyquantitative, fundamental and technical analysisto maximize profit potential and minimize risk.
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.