UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The
Securities Exchange Act of 1934
Date of report (Date of earliest event reported): November 3, 2004
GENERAL COMMUNICATION, INC.
(Exact Name of Registrant as Specified in its Charter)
Alaska 0-15279 92-0072737
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(State or other (Commission File Number) (IRS Employer
jurisdiction of Identification
incorporation) No.)
2550 Denali Street Suite 1000 Anchorage, Alaska 99503
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (907) 868-5600
NONE
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(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligations of the registrant under any of the
following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))
Section 2 - Financial Information
Item 2.02 Results of Operations and Financial Condition
On November 3, 2004, General Communication, Inc. (GCI) issued a press
release announcing earnings for the three and nine months ended September 30,
2004. A copy of the press release is attached as Exhibit 99.1.
The information in this Form 8-K and the Exhibit attached hereto shall not
be deemed "filed" for purposes of Section 18 of the Securities Act of 1934, nor
shall it be deemed incorporated by reference in any filing under the Securities
Act of 1933, except as shall be expressly set forth by specific reference in
such filing.
The earnings release attached as Exhibit 99.1 discloses the non-GAAP
financial measure of EBITDA (Earnings Before Interest, Taxes, Depreciation and
Amortization). EBITDA has been reconciled to the closely related GAAP financial
measure, Net Income, within the earnings release.
EBITDA is the sum of Net Income, Interest Expense, Amortization and
Write-off of Loan and Senior Notes Fees, Interest Income, Taxes, and
Depreciation, Amortization and Accretion. EBITDA is not presented as an
alternative measure of Net Income as determined in accordance with accounting
principles generally accepted in the United States of America. GCI's management
uses EBITDA to evaluate the operating performance of its business, and as a
measure of performance for incentive compensation purposes. GCI believes EBITDA
is a measure used as an analytical indicator of income generated to service debt
and fund capital expenditures. In addition, multiples of current or projected
EBITDA are used to estimate current or prospective enterprise value. EBITDA does
not give effect to cash used for debt service requirements, and thus does not
reflect funds available for investment or other discretionary uses. EBITDA as
presented herein may not be comparable to similarly titled measures reported by
other companies.
Section 9 - Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits
(a) Financial statements of businesses acquired: Not Applicable
(b) Pro forma financial information: Not Applicable
(c) Exhibit:
99.1 Press release dated November 3, 2004
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
GENERAL COMMUNICATION, INC.
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(Registrant)
Date: November 3, 2004
By /s/
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Name: John M. Lowber
Title: Senior Vice President,
Chief Financial Officer,
Secretary and Treasurer
(Principal Financial Officer)
EXHIBIT INDEX
Exhibit No. Description
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99.1 Press release of General Communication, Inc. dated
November 3, 2004.