0000000000-19-013746.txt : 20200123 0000000000-19-013746.hdr.sgml : 20200123 20190919105707 ACCESSION NUMBER: 0000000000-19-013746 CONFORMED SUBMISSION TYPE: UPLOAD PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20190919 FILED FOR: COMPANY DATA: COMPANY CONFORMED NAME: Uniti Group Inc. CENTRAL INDEX KEY: 0001620280 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 465230630 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: UPLOAD BUSINESS ADDRESS: STREET 1: 10802 EXECUTIVE CENTER DRIVE STREET 2: BENTON BUILDING, SUITE 300 CITY: LITTLE ROCK STATE: AR ZIP: 72211 BUSINESS PHONE: 501-850-0820 MAIL ADDRESS: STREET 1: 10802 EXECUTIVE CENTER DRIVE STREET 2: BENTON BUILDING, SUITE 300 CITY: LITTLE ROCK STATE: AR ZIP: 72211 FORMER COMPANY: FORMER CONFORMED NAME: COMMUNICATIONS SALES & LEASING, INC. 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Wallace Executive Vice President Chief Financial Officer and Treasurer Uniti Group Inc. 10802 Executive Center Drive Benton Building Suite 300 Little Rock, Arkansas 72211 Re: Uniti Group Inc. Form 10-K for the year ended December 31, 2018 Filed March 18, 2019 File No. 001-36708 Dear Mr. Wallace: We have reviewed your filing and have the following comment. In our comment, we may ask you to provide us with information so we may better understand your disclosure. Please respond to this comment within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe our comment applies to your facts and circumstances, please tell us why in your response. After reviewing your response to this comment, we may have additional comments. Form 10-Q for the quarterly period ended June 30, 2019 Item 1 Financial Statements Note 2. Basis of Presentation and Summary of Significant Accounting Policies Straight-Line Revenue Receivable, page 13 1. We note your disclosure that you have evaluated the collectability of the straight-line revenue receivable related to Windstream in light of Windstream's pending bankruptcy. We further note that you have accounted for the elimination of this receivable as an adjustment to equity as a result of the adoption of ASC Topic 842. Given the write off was in response to Windstream's pending bankruptcy, which occurred in February 2019, please explain to us how you determined it should be accounted for as an effect of adopting a new accounting principal. In your response, please also tell us what consideration was given to writing off the receivable as of December 31, 2018. Mark A. Wallace Uniti Group Inc. September 18, 2019 Page 2 We remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff. You may contact Eric McPhee at 202-551-3693 or Robert Telewicz at 202-551- 3438 with any questions. Sincerely, FirstName LastNameMark A. Wallace Division of Corporation Finance Comapany NameUniti Group Inc. Office of Real Estate and September 18, 2019 Page 2 Commodities FirstName LastName