Net income and cash flow from operations in the fourth quarter were $6 million and $118 million, respectively. Net loss, cash flow from operations and total debt (including fair value discount) for 2011 were $519 million, $413 million and $2,510 million, respectively.2012 GUIDANCE The company also announced first quarter ad sales and full year financial guidance.
|(dollars in millions)|
|Year over year change in net ad sales||(16%) – (17%)|
|Net revenue||$1,225 to $1,300|
|Adjusted EBITDA (1,2)||$500 to $575|
|Free cash flow (1,2)||$300 to $375|