Total expenses, excluding depreciation and amortization and severance costs, were $205 million, compared with Q2 2011 operating expenses of $269 million, a reduction of $64 million or 23.8 percent.During the second quarter, SuperMedia reduced indebtedness under its credit agreement by $170 million, including at par payments of $114 million and $56 million through open market debt repurchases allowed under the terms of the credit agreement. The $56 million debt reduction accomplished through open market repurchases used cash of $33 million. SuperMedia’s total indebtedness at June 30, 2012 was $1.511 billion.
SuperMedia Announces Second Quarter 2012 Results
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.
Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.