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Segment Information
 12 Months Ended
Dec. 31, 2021
Segment Reporting [Abstract]  
Segment Information Segment Information
As discussed in Note 1 “Description of Business and Summary of Significant Accounting Policies,” the Company reports results in three operating and reportable segments, CSB, Commercial, and Solar based on the manner in which the CODM evaluates performance and makes decisions about how to allocate resources.
The CODM uses Adjusted EBITDA, which is the segment profit measure, to evaluate segment performance. Adjusted EBITDA is defined as net income or loss adjusted for (i) interest; (ii) taxes; (iii) depreciation and amortization, including depreciation of subscriber system assets and other fixed assets and amortization of dealer and other intangible assets; (iv) amortization of deferred costs and deferred revenue associated with subscriber acquisitions; (v) share-based compensation expense; (vi) merger, restructuring, integration, and other; (vii) losses on extinguishment of debt; (viii) radio conversion costs, net; and (ix) other income/gain or expense/loss items such as impairment charges, financing and consent fees, or acquisition-related adjustments.
The CODM does not review the Company's assets by segment; therefore, such information is not presented.
The following table presents total revenue by segment and a reconciliation to consolidated total revenue:
Years Ended December 31,
(in thousands)202120202019
CSB$4,146,028 $4,325,189 $4,080,347 
Commercial1,113,732 989,598 1,045,310 
Solar47,351 — — 
Total Revenue$5,307,111 $5,314,787 $5,125,657 
The following table presents Adjusted EBITDA by segment and a reconciliation to consolidated net income (loss) before taxes:
Years Ended December 31,
(in thousands)202120202019
Adjusted EBITDA by segment:
CSB$2,110,879 $2,153,899 $2,374,165 
Commercial96,112 45,338 109,045 
Solar5,588 — — 
Total$2,212,579 $2,199,237 $2,483,210 
Reconciliation to consolidated net income (loss) before taxes:
Total segment Adjusted EBITDA$2,212,579 $2,199,237 $2,483,210 
Less:
Interest expense, net457,667 708,189 619,573 
Depreciation and intangible asset amortization1,914,779 1,913,767 1,989,082 
Amortization of deferred subscriber acquisition costs126,089 96,823 80,128 
Amortization of deferred subscriber acquisition revenue(172,061)(124,804)(107,284)
Share-based compensation expense61,237 96,013 85,626 
Merger, restructuring, integration, and other37,872 120,208 35,882 
Goodwill impairment— — 45,482 
Loss on sale of business— 738 61,951 
Loss on extinguishment of debt37,113 119,663 104,075 
Radio conversion costs, net(1)
211,363 51,889 24,983 
Financing and consent fees(2)
3,672 5,263 23,250 
Acquisition related adjustments(3)
12,945 438 22,285 
Other(4)
(6,908)(10,031)20,369 
Net income (loss) before taxes$(471,189)$(778,919)$(522,192)
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(1)Refer to Note 1 “Description of Business and Summary of Significant Accounting Policies” for further details.
(2)Represents fees expensed associated with financing transactions.
(3)Represents amortization of purchase accounting adjustments and compensation arrangements related to acquisitions. During 2021, primarily related to the Sunpro Solar Acquisition. During 2019, primarily related to compensation arrangements as a result of Commercial acquisitions.
(4)Represents other charges and non-cash items. During 2020, included recoveries of $10 million associated with notes receivable from a former strategic investment. During 2019, included losses of $10 million associated with notes receivable from a former strategic investment and $6 million associated with an estimated legal settlement, net of insurance.
Entity-Wide Disclosure
Revenue by geographic area for the periods presented was follows:
Years Ended December 31,
(in thousands)202120202019
United States$5,307,111 $5,314,787 $4,936,121 
Canada— — 189,536 
Total revenue$5,307,111 $5,314,787 $5,125,657 
Revenue is attributed to individual countries based upon the operating entity that records the transaction. Since the sale of ADT Canada in 2019, revenue outside of the U.S. is not material.
As a result of the sale of ADT Canada in 2019, substantially all of the Company’s assets are located in the U.S. as of December 31, 2021 and 2020.