SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15 (d) of the
Securities Exchange Act of 1934
Date of Report:
March 23, 1998
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(Date of earliest event reported)
Electric Lightwave, Inc.
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(Exact name of Registrant as specified in charter)
Delaware 0-23393 93-1035711
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(State or other jurisdiction of (Commission File Number) (IRS Employer
incorporation) Identification No.)
8100 NE Parkway Drive, Suite 150, Vancouver, WA 98662
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(Address of principal executive offices) (Zip Code)
(360) 892-1000
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(Registrant's telephone number, including area code)
No change since last report
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(Former name or address, if changed since last report)
Item 5. Other Events.
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Electric Lightwave, Inc.
Quarterly Financial Results
For the year ended December 31, 1997
(in thousands)
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4th 3rd 2nd 1st
Total Quarter Quarter Quarter Quarter
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Revenues:
Dedicated services $33,522 $10,221 $9,184 $8,036 $6,081
Local dial tone services 10,565 4,430 2,893 1,997 1,245
Long distance services 8,140 2,042 2,655 1,942 1,501
Enhanced services 8,857 2,548 2,346 2,271 1,692
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Total revenues $61,084 $19,241 $17,078 $14,246 $10,519
Operating Expenses:
Network Access expenses 29,546 10,259 7,341 7,016 4,930
Sales and Marketing expenses 13,905 4,504 2,734 3,761 2,906
Depreciation and
Amortization 11,167 3,566 1,998 2,786 2,817
Other Operating expenses 40,561 9,485 10,713 10,426 9,937
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Total operating expenses 95,179 27,814 22,786 23,989 20,590
Loss from operations (34,095) (8,573) (5,708) (9,743) (10,071)
Interest expense, net 1,166 653 211 211 91
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Net loss before income (35,261) (9,226) (5,919) (9,954) (10,162)
tax benefit
Income tax benefit (1,316) (1,316) - - -
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Net loss $(33,945) $(7,910) $(5,919) $(9,954) $(10,162)
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SIGNATURES
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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.
Electric Lightwave, Inc.
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Registrant
By: /s/ Kerry D. Rea
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Vice President and Controller
Date: March 23, 1998