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| Next Level Communications, Inc. |
| 6085 State Farm Drive, Rohnert Park, CA 94928 * (707) 584-6820 |
| Business Description | The company is a leading provider of broadband communications systems that enable telephone companies and other emerging communications service providers to cost effectively deliver a full suite of voice, data and video services over the existing copper wire telephone infrastructure. |
| Offering Information Company has | |||
| Trading As | NXTV (NASNTL) | Industry | High-Tech (SIC 3674) |
| Type of Stock Offered | Common Shares | Filing Date | 08/27/1999 |
| Domestic Shares Offered | 8,500,000 | Offer Date | 11/09/1999 |
| Foreign Shares Offered | 0 | Filing Range | $17.00 - $19.00 |
| Company Shares | 8,500,000 | Offer Price | $20.00 |
| Selling Shrhldrs Shares | 0 | Gross Spread | $1.400 |
| Gross Proceeds | $170,000,000 | Selling | $0.840 |
| Expenses | - - | Reallowance | $0.100 |
| Post-IPO Shares | 79,437,900 | Employees | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Merrill Lynch & Co. | Lead Manager | (212) 449-4600 |
| CS First Boston | Co-manager | (212) 325-2000 |
| Lehman Brothers Incorporated | Co-manager | (212) 526-8100 |
| Warburg Dillon Read LLC | Co-manager | (203) 719-3000 |
| Income Statement and Cash Flow Summary | |||||||
| Prior Audited Income |
Latest Unaudited Income | ||||||
| Full Year Audited Figures | 6 Months Ending | ||||||
| Figures in U.S. millions except per share data | 12/31/1996 | 12/31/1997 | 12/31/1998 | 06/30/1998 | 06/30/1999 | ||
| Revenues | - | - | 0.000 | 8.311 | 43.830 | 6.607 | 18.190 |
| Income from Oper. | - | - | -173.952 | -66.477 | -77.937 | 40.889 | -35.985 |
| Net Income | - | - | -173.904 | -66.429 | -81.731 | -42.121 | -38.797 |
| E.P.S | - | - | - | - | - | - | - |
| Revenue Growth (%) | - | - | - | 427.373 | 175.31 | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | 618.87 |
| Net Profit Margin (%) | - | - | - | - | - | - | - |
| Cash Flow - Oper. | -66.63 | -38.42 | -24.12 | ||||
| Cash Flow - Inv. | -9.35 | -4.98 | -4.14 | ||||
| Cash Flow - Fin. | 104.59 | 88.13 | 34.00 | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 06/30/1999 | Financial Ratios | ||||
| Total Assets | 103.79 | Current Assets | 75.62 | Current Ratio | 1.94 |
| Total Liab. | 123.36 | Current Liab. | 39.01 | Debt Ratio | 118.85% |
| Total Equity | -19.57 | Working Cap. | 36.61 | Debt to Equity Ratio | - |
| Cash | 34.72 | Return on Assets | - | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used for general corporate purposes including working capital. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Villeneuve Franklin & Hachigian, LLP |
| Bank's Law Firm | Skadden, Arps, Slate, Meagher & Flom |
| Auditor | Deloitte & Touche |
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