non sapevo che l'avessi già guardata... di solito appari a dare l'estrema unzione ai bond traballanti dopo che i tre nostri amici danno indicazioni positive...
ma non è che anche questo ha asset immobiliari da vendere, concessioni da valorizzare etc..? potrebbe essere un gioiellino di cui siamo noi che non riusciamo a valorizzarlo. e poi costa pure poco strano che i tre dell'ave maria non ci siano già sopra. forse dopo gli ultimi successi han preso un perido di meritato riposo
dopo i loro lauti guadagni, credo che meritino la possibilità di godersi i Caraibi, in questi (per noi) freddi mesi. non possono pompare ogni titolo, sarebbe quasi un lavoro.
ci sono diverse ragioni per cui varrebbe la pena approfondire di più: compresa la simpatica complessità dell'utilizzo dei metric.
Ralph Perley McBride - Frontier Communications Corporation - Executive VP & CFO
Yes. So we -- so if you think about how -- well, I won't get very technical. Our covenant calculates EBITDA every quarter, and then
add back the LTM to arrive at that. So we're allowed to add back -- for our covenants, we're allowed
to add back synergies in those covenant calculations. That obviously end -- that ends, but you still have
the runoff of the synergies through the Q2 of '18, and that's what I was talking about -- that's when kind of what I call balance sheet leverage and covenant leverage become -- I don't think there will ever be -- definitions are slightly different. They won't be exact, but that's (inaudible) become more in line, which is what we are opting on the question on. So that's kind of how -- but when I think about our covenants, I mean, it's a -- decreasing leverage is -- I've said it. It's one of our important priorities for the year. Our balance sheet is certainly one of our important priorities. I am comfortable with -- when I look at our plan to address maturities, I look at our -- I look at what we're doing and our plan to address that. I'm very comfortable with that. I mean, let's not forget, I mean,
Frontier generates approximately $2.4 billion in operating cash flow annually. So sometimes I think people forget that, but we generate a tremendous amount of operating cash flow. And so I certainly believe that if -- I do often hear -- question's come up on covenants. I know our bank group, I'm sure, would be more than happy to adjust our covenants and give us flexibility if that's creating an overhang in our debt profile we have. So...
DECEMBER 05, 2017 / 2:30PM, FTR - Frontier Communications Corp at UBS Global Media and Communications Conference