Internap Network Services (INAP) 2012年年度报告「NASDAQ」.pdf

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1、0616_Cover_r1.indd 14/3/13 11:01 AMIn financial terms,2012 was highlighted by record levels ofannual revenue,segment profit,Adjusted EBITDA andAdjusted EBITDA margin.Revenue increased 12%,under-pinned by both organic growth and the successful integra-tion of the Voxel business,which we acquired inDe

2、cember of 2011.Segment profit increased 15%,as thestrategic shift we made toward higher margin company-controlled data centers,hosting and cloud services deliv-ered positive results.Importantly,while we have madesolid progress in driving revenue and segment profitgrowth,we have also been disciplined

3、 in managing ourcash operating expenses and maintaining our focus onoperational excellence.As a result,Adjusted EBITDAincreased 20%and Adjusted EBITDA margin expandedfrom 17.7%to 19.0%.Also of note,we met our expecta-tion for the Voxel acquisition to become accretive toAdjusted EBITDA margin during

4、the year.Internaps solid financial position provides us with capitalflexibility.We ended the year with$29 million in cash andcash equivalents and net debt to last quarter annualizedAdjusted EBITDA of 1.9x,which is below the average forour data center peers.We are comfortable with our cur-rent financ

5、ial leverage and expect our capital deploymentplans for 2013 to be fully-funded with our current debtfacilities,cash generation,cash and cash equivalents.Wehave a disciplined approach to capital allocation andbelieve we have significant opportunity to generate sub-stantial returns on capital in the

6、coming years.We delivered several impactful additions to our platform ofcore data center services during the year.First and fore-most,the hosting and cloud portfolio expansions associ-ated with the Voxel acquisition are quite significant.Incombination with our existing IT services portfolio,theVoxel