-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, TDimAK9uQ8pOGilxmHTnUD9cwf5gFOB7JZJnXCj6brpX5JJ9N/6YBxOBEWLWNk/e sIHfEHyoTGDAMbzD5wbdLQ== 0000794323-07-000065.txt : 20070314 0000794323-07-000065.hdr.sgml : 20070314 20070314165542 ACCESSION NUMBER: 0000794323-07-000065 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20070314 ITEM INFORMATION: Regulation FD Disclosure FILED AS OF DATE: 20070314 DATE AS OF CHANGE: 20070314 FILER: COMPANY DATA: COMPANY CONFORMED NAME: LEVEL 3 COMMUNICATIONS INC CENTRAL INDEX KEY: 0000794323 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813] IRS NUMBER: 470210602 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-15658 FILM NUMBER: 07694151 BUSINESS ADDRESS: STREET 1: 1025 ELDORADO BOULEVARD STREET 2: BLDG 2000 CITY: BROOMFIELD STATE: CO ZIP: 80021 BUSINESS PHONE: 7208881000 MAIL ADDRESS: STREET 1: 1025 ELDORADO BOULEVARD STREET 2: BLDG 2000 CITY: BROOMFIELD STATE: CO ZIP: 80021 FORMER COMPANY: FORMER CONFORMED NAME: KIEWIT PETER SONS INC DATE OF NAME CHANGE: 19920703 8-K 1 f8k_03142007.txt CURRENT REPORT DATED 3/14/2007 CURRENT REPORT OF MATERIAL EVENTS OR CORPORATE CHANGES UNITED STATES 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 (Date of earliest event reported): March 14, 2007 Level 3 Communications, Inc. (Exact name of Registrant as specified in its charter) Delaware 0-15658 47-0210602 (State or other (Commission File (IRS employer jurisdiction of incorporation) Number) Identification No.) 1025 Eldorado Blvd., Broomfield, Colorado 80021 (Address of principal executive offices) (Zip code) 720-888-1000 (Registrant's telephone number including area code) Not applicable (Former name and 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 obligation of the registrant under any of the following provisions (see General Instruction A.2. below): [ ] 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)) Item 7.01. Regulation FD Disclosure On March 14, 2007, Level 3 Communications, Inc. ("Level 3") issued the following summary of certain financial information at Level 3's 2007 Analyst and Investor Conference. The furnishing of this information shall not be deemed an admission as to the materiality of the information included in this Form 8-K. This information is not filed but is furnished to the Securities and Exchange Commission pursuant to Item 7.01 of Form 8-K. - ---------------------------------- -------------------- ----------------------- ------------------------------ $ Millions 2006 2007E 2008E-2010E - ---------------------------------- -------------------- ----------------------- ------------------------------ - ---------------------------------- -------------------- ----------------------- ------------------------------ Core Services Revenue $1,973 $3,700(1) 15% to 17% CAGR - ---------------------------------- -------------------- ----------------------- ------------------------------ - ---------------------------------- -------------------- ----------------------- ------------------------------ Other Revenue $445 $265(1) (25%) to (30%) CAGR - ---------------------------------- -------------------- ----------------------- ------------------------------ - ---------------------------------- -------------------- ----------------------- ------------------------------ SBC Contract Revenue $893 $200(1) Contract Expires in 2009 - ---------------------------------- -------------------- ----------------------- ------------------------------ - ---------------------------------- -------------------- ----------------------- ------------------------------ Communications Revenue $3,311 $4,025-$4,305 NA - ---------------------------------- -------------------- ----------------------- ------------------------------ - ---------------------------------- -------------------- ----------------------- ------------------------------ Communications Gross Margin (%) 56% Apprx. 60% 60% - 65% - ---------------------------------- -------------------- ----------------------- ------------------------------ - ---------------------------------- -------------------- ----------------------- ------------------------------ Communications SG&A (% of 35% Apprx. 40% 30%-35% revenue) - ---------------------------------- -------------------- ----------------------- ------------------------------ - ---------------------------------- -------------------- ----------------------- ------------------------------ Capital Expenditures $392 $600-$650 12% to 14% of revenue - ---------------------------------- -------------------- ----------------------- ------------------------------ - ---------------------------------- -------------------- ----------------------- ------------------------------ Consolidated Adjusted EBITDA $682 $890(1) 2008 expected to be $1.15B to $1.3B - ---------------------------------- -------------------- ----------------------- ------------------------------
(1) Represents midpoint of guidance provided on February 8, 2007 SIGNATURES 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. Level 3 Communications, Inc. By: /s/ Neil J. Eckstein Neil J. Eckstein, Senior Vice President Date: March 14, 2007 -----END PRIVACY-ENHANCED MESSAGE-----