| Summary of Reportable Segments |
Information regarding our reportable segments is as follows (in
thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
For the Year Ended December 31,
2013 |
|
| |
|
CA-NA |
|
|
CA-ROW |
|
|
BA |
|
|
Total |
|
|
Service revenue
|
|
$ |
196,732 |
|
|
$ |
1,392 |
|
|
$ |
52,257 |
|
|
$ |
250,381 |
|
|
Equipment revenue
|
|
|
2,336 |
|
|
|
168 |
|
|
|
75,239 |
|
|
|
77,743 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total revenue
|
|
$ |
199,068 |
|
|
$ |
1,560 |
|
|
$ |
127,496 |
|
|
$ |
328,124 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Segment profit (loss)
|
|
$ |
(1,328 |
) |
|
$ |
(41,004 |
) |
|
$ |
50,721 |
|
|
$ |
8,389 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
For the Year Ended December 31,
2012 |
|
| |
|
CA-NA |
|
|
CA-ROW |
|
|
BA |
|
|
Total |
|
|
Service revenue
|
|
$ |
132,607 |
|
|
$ |
— |
|
|
$ |
34,460 |
|
|
$ |
167,067 |
|
|
Equipment revenue
|
|
|
1,833 |
|
|
|
670 |
|
|
|
63,945 |
|
|
|
66,448 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total revenue
|
|
$ |
134,440 |
|
|
$ |
670 |
|
|
$ |
98,405 |
|
|
$ |
233,515 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Segment profit (loss)
|
|
$ |
(12,211 |
) |
|
$ |
(14,261 |
) |
|
$ |
35,816 |
|
|
$ |
9,344 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
For the Year Ended December 31,
2011 |
|
| |
|
CA-NA |
|
|
CA-ROW |
|
|
BA |
|
|
Total |
|
|
Service revenue
|
|
$ |
83,421 |
|
|
$ |
— |
|
|
$ |
20,497 |
|
|
$ |
103,918 |
|
|
Equipment revenue
|
|
|
2,539 |
|
|
|
— |
|
|
|
53,699 |
|
|
|
56,238 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total revenue
|
|
$ |
85,960 |
|
|
$ |
— |
|
|
$ |
74,196 |
|
|
$ |
160,156 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Segment profit (loss)
|
|
$ |
(25,820 |
) |
|
$ |
— |
|
|
$ |
25,008 |
|
|
$ |
(812 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Reconciliation of Segment Profit (loss) |
A reconciliation of segment profit (loss) to the relevant
consolidated amounts is as follows (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
For the Years Ended
December 31, |
|
| |
|
2013 |
|
|
2012 |
|
|
2011 |
|
|
CA-NA segment loss (1)
|
|
$ |
(1,328 |
) |
|
$ |
(12,211 |
) |
|
$ |
(25,820 |
) |
|
CA-ROW segment loss (1)
|
|
|
(41,004 |
) |
|
|
(14,261 |
) |
|
|
— |
|
|
BA segment profit (1)
|
|
|
50,721 |
|
|
|
35,816 |
|
|
|
25,008 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total segment profit (loss)
|
|
|
8,389 |
|
|
|
9,344 |
|
|
|
(812 |
) |
|
Interest income
|
|
|
64 |
|
|
|
77 |
|
|
|
72 |
|
|
Interest expense
|
|
|
(29,272 |
) |
|
|
(8,913 |
) |
|
|
(280 |
) |
|
Depreciation and amortization
|
|
|
(55,509 |
) |
|
|
(36,907 |
) |
|
|
(32,673 |
) |
|
Amortization of deferred airborne lease incentives (2)
|
|
|
8,074 |
|
|
|
3,671 |
|
|
|
1,456 |
|
|
Stock compensation expense
|
|
|
(5,621 |
) |
|
|
(3,545 |
) |
|
|
(1,795 |
) |
|
Fair value derivative adjustments
|
|
|
(36,305 |
) |
|
|
9,640 |
|
|
|
58,740 |
|
|
Write off of deferred equity financing costs
|
|
|
— |
|
|
|
(5,023 |
) |
|
|
— |
|
|
Other income
|
|
|
(2 |
) |
|
|
(22 |
) |
|
|
(40 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income (loss) before income taxes
|
|
$ |
(110,182 |
) |
|
$ |
(31,678 |
) |
|
$ |
24,668 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (1) |
Starting in January 2012 we began
allocating to our BA and CA-ROW segments certain corporate
operating expenses included in the CA-NA segment but shared by our
CA-NA, BA and CA-ROW segments. We did not allocate these expenses
prior to January 2012 because they were not deemed material to the
CA-NA or BA segment or our consolidated results. |
| (2) |
Amortization of deferred airborne
lease incentive only relates to our CA-NA segment. See Note 15,
“Leases” for further information. |
|