XML 55 R33.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Segment Information (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Segment Reporting [Abstract] |
Schedule of Total Revenue by Segment and Reconciliation to Consolidated Total Revenue | The following table presents total revenue by segment and a reconciliation to consolidated total revenue:
|  |  |  | Years Ended December 31,
(in thousands) |  |  |  |  |  | 2023 |  | 2022 |  | 2021
CSB |  |  |  |  |  | $ | 4,652,824 |  |  | $ | 4,381,904 |  |  | $ | 4,155,372 |
Solar |  |  |  |  |  | 329,835 |  |  | 786,426 |  |  | 47,351 |
Total Revenue |  |  |  |  |  | $ | 4,982,659 |  |  | $ | 5,168,330 |  |  | $ | 4,202,723 |
Schedule of Segment Information EBITDA Reconciliation | The following table presents Adjusted EBITDA by segment and a reconciliation to consolidated income (loss) from continuing operations before income taxes and equity in net earnings (losses) of equity method investee:
|  |  | Years Ended December 31,
(in thousands) |  |  |  |  | 2023 |  | 2022 |  | 2021
Adjusted EBITDA by segment: |  |  |  |  |  |  |  |  |
CSB |  |  |  |  | $ | 2,481,305 |  |  | $ | 2,305,032 |  |  | $ | 2,101,659 |
Solar |  |  |  |  | (116,505) |  |  | 5,155 |  |  | 5,588 |
Total |  |  |  |  | $ | 2,364,800 |  |  | $ | 2,310,187 |  |  | $ | 2,107,247 |
Reconciliation: |  |  |  |  |  |  |  |  |
Total segment Adjusted EBITDA |  |  |  |  | $ | 2,364,800 |  |  | $ | 2,310,187 |  |  | $ | 2,107,247 |
Less: |  |  |  |  |  |  |  |  |
Interest expense, net |  |  |  |  | 572,150 |  |  | 264,265 |  |  | 456,825 |
Depreciation and intangible asset amortization |  |  |  |  | 1,350,980 |  |  | 1,615,830 |  |  | 1,839,658 |
Amortization of deferred subscriber acquisition costs |  |  |  |  | 188,222 |  |  | 154,186 |  |  | 118,162 |
Amortization of deferred subscriber acquisition revenue |  |  |  |  | (301,708) |  |  | (235,190) |  |  | (164,180) |
Share-based compensation expense |  |  |  |  | 39,438 |  |  | 53,497 |  |  | 47,111 |
Merger, restructuring, integration, and other(1) |  |  |  |  | 62,172 |  |  | 17,229 |  |  | 39,159 |
Goodwill impairment(2) |  |  |  |  | 511,176 |  |  | 200,974 |  |  | — |
Loss on extinguishment of debt(3) |  |  |  |  | 16,621 |  |  | — |  |  | 37,113 |
Change in fair value of financial instruments(4) |  |  |  |  | — |  |  | 63,396 |  |  | — |
Radio conversion costs, net(1) |  |  |  |  | (4,696) |  |  | 1,708 |  |  | 201,802 |
Non-cash acquisition related adjustments and other, net(5) |  |  |  |  | (9,600) |  |  | 29,747 |  |  | 7,431 |
Equity in net earnings (losses) of equity method investee |  |  |  |  | 6,572 |  |  | (4,601) |  |  | — |
Income (loss) from continuing operations before income taxes and equity in net earnings (losses) of equity method investee |  |  |  |  | $ | (66,527) |  |  | $ | 149,146 |  |  | $ | (475,834) |
___________________ (1)Refer to Note 1 “Description of Business and Summary of Significant Accounting Policies.” (2)Refer to Note 7 “Goodwill and Other Intangible Assets.” (3)Refer to Note 8 “Debt.” (4)Refer to Note 11 “Equity.” (5)During 2023, primarily represents the gain on sale of a business and other investment partially offset by financing fees and interest rate swaps included in other income (expense). During 2022 and 2021, primarily represents the amortization of the customer backlog intangible asset acquired in the ADT Solar Acquisition, which was fully amortized as of March 2022. Refer to Note 4 “Acquisitions.” During 2022, also includes the gain on sale of a business.

X
- Definition Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
Name: | us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of all significant reconciling items in the reconciliation of total revenues from reportable segments to the entity's consolidated revenues. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
Name: | us-gaap_ReconciliationOfRevenueFromSegmentsToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration