Internet Gold Reports Its Financial Results For The Fourth Quarter And Full Year Of 2013

Internet Gold – Golden Lines Ltd. (NASDAQ Global Market and TASE: IGLD) today reported its financial results for the fourth quarter and year ended December 31, 2013.

Bezeq’s Results: For the fourth quarter of 2013, the Bezeq Group reported revenues of NIS 2.4 billion ($694 million) and operating profit of NIS 593 million ($171 million). Bezeq’s EBITDA for the fourth quarter totaled NIS 921 million ($265 million), representing an EBITDA margin of 38%. Net income for the period attributable to Bezeq’s shareholders totaled NIS 352 million ($101 million). Bezeq's cash flow from operating activities during the period totaled NIS 935 million ($269 million).

Cash Position: As of December 31, 2013, Internet Gold’s unconsolidated cash and cash equivalents totaled NIS 329 million ($95 million), its unconsolidated gross debt was NIS 1.06 billion ($306 million) and its unconsolidated net debt was NIS 731 million ($211 million).

Internet Gold's Unconsolidated Balance Sheet Data (1)

In millions

Convenience translation into U.S. dollars (Note A)
December 31, December 31,
2012 2013 2013
Short term liabilities 138 138 40
Long term liabilities 895 922 266
Total liabilities 1,033 1,060 306
Cash and cash equivalents (2) 179 329 95
Total net debt 854 731 211

(1) Does not include the balance sheet of B Communications.

If you liked this article you might like

Disappointing Quarterly Reports From Verizon Pull Down Telecommunications Sector

Here's Who Else Qualcomm Could Seek to Acquire, Apart From NXP

Micron and Qualcomm Are Great Bargains

Micron and Qualcomm Are Great Bargains

Top 10 Best-Performing Dividend Stocks in the Third Quarter

3 Stocks Driving The Telecommunications Industry Higher