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SEGMENT REPORTING
9 Months Ended
Sep. 30, 2011
SEGMENT REPORTING 
SEGMENT REPORTING

10. SEGMENT REPORTING

 

The Company has four reportable segments. Those four segments are i) the U.S. Wireless segment, which generates all of its revenue and has all of its assets located in the United States; ii) the Island Wireless segment which generates its revenue and has its assets in Bermuda, Turks and Caicos, the U.S. Virgin Islands and Aruba; iii) the International Integrated Telephony segment which generates primarily all of its revenues and has primarily all of its assets located in Guyana; and iv) the U.S. Wireline segment which generates all of its revenues in and has all of its assets located in the United States. The operating segments are managed separately because each offers different services and serves different markets. Reconciling items refer to corporate overhead matters including general and administrative expenses and acquisition-related charges.

 

The following tables provide information for each operating segment (in thousands):

 

 

 

For the Three Months Ended September 30, 2010

 

 

 

U.S. Wireless

 

International
Integrated
Telephony

 

Island
Wireless

 

U.S.
Wireline

 

Reconciling
Items

 

Consolidated

 

Revenue

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Wireless:

 

 

 

 

 

 

 

 

 

 

 

 

 

Retail

 

$

108,828

 

$

—

 

$

—

 

$

—

 

$

—

 

$

108,828

 

Wholesale

 

49,952

 

—

 

—

 

—

 

—

 

49,952

 

International Wireless

 

—

 

6,468

 

7,480

 

—

 

—

 

13,948

 

Wireline

 

139

 

15,668

 

—

 

5,022

 

—

 

20,829

 

Equipment and Other

 

10,537

 

—

 

866

 

—

 

—

 

11,403

 

Total Revenue

 

169,456

 

22,136

 

8,346

 

5,022

 

—

 

204,960

 

Depreciation and amortization

 

17,012

 

4,575

 

1,522

 

746

 

119

 

23,974

 

Non-cash stock-based compensation

 

—

 

—

 

—

 

—

 

556

 

556

 

Operating income (loss)

 

13,985

 

6,416

 

(2,126

)

1

 

(4,450

)

13,826

 

 

 

 

For the Nine Months Ended September 30, 2010

 

 

 

U.S. Wireless

 

International
Integrated
Telephony

 

Island
Wireless

 

U.S.
Wireline

 

Reconciling
Items

 

Consolidated

 

Revenue

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Wireless:

 

 

 

 

 

 

 

 

 

 

 

 

 

Retail

 

$

190,331

 

$

—

 

$

—

 

$

—

 

$

—

 

$

190,331

 

Wholesale

 

112,437

 

—

 

—

 

—

 

—

 

112,437

 

International Wireless

 

—

 

18,342

 

19,034

 

—

 

—

 

37,376

 

Wireline

 

220

 

49,418

 

—

 

14,942

 

—

 

64,580

 

Equipment and Other

 

17,833

 

—

 

1,923

 

—

 

—

 

19,756

 

Total Revenue

 

320,821

 

67,760

 

20,957

 

14,942

 

—

 

424,480

 

Depreciation and amortization

 

33,610

 

13,102

 

3,463

 

2,172

 

238

 

52,585

 

Non-cash stock-based compensation

 

—

 

—

 

—

 

—

 

1,536

 

1,536

 

Operating income (loss)

 

38,946

 

21,771

 

(3,710

)

(110

)

(27,875

)

29,022

 

 

 

 

For the Three Months Ended September 30, 2011

 

 

 

U.S. Wireless

 

International
Integrated
Telephony

 

Island
Wireless

 

U.S.
Wireline

 

Reconciling
Items

 

Consolidated

 

Revenue

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Wireless:

 

 

 

 

 

 

 

 

 

 

 

 

 

Retail

 

$

89,143

 

—

 

—

 

—

 

—

 

89,143

 

Wholesale

 

57,048

 

—

 

—

 

—

 

—

 

57,048

 

International Wireless

 

—

 

6,765

 

13,696

 

—

 

—

 

20,461

 

Wireline

 

139

 

16,638

 

—

 

4,971

 

—

 

21,748

 

Equipment and Other

 

4,428

 

—

 

1,518

 

—

 

—

 

5,946

 

Total Revenue

 

150,758

 

23,403

 

15,214

 

4,971

 

—

 

194,346

 

Depreciation and amortization

 

18,417

 

4,506

 

2,734

 

797

 

244

 

26,698

 

Non-cash stock-based compensation

 

58

 

—

 

—

 

—

 

712

 

770

 

Operating income (loss)

 

26,840

 

6,771

 

(1,186

)

(111

)

(4,668

)

27,646

 

 

 

 

For the Nine Months Ended September 30, 2011

 

 

 

U.S. Wireless

 

International
Integrated
Telephony

 

Island
Wireless

 

U.S.
Wireline

 

Reconciling
Items

 

Consolidated

 

Revenue

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Wireless:

 

 

 

 

 

 

 

 

 

 

 

 

 

Retail

 

$

284,221

 

—

 

—

 

—

 

—

 

284,221

 

Wholesale

 

153,615

 

—

 

—

 

—

 

—

 

153,615

 

International Wireless

 

—

 

20,589

 

33,182

 

—

 

—

 

53,771

 

Wireline

 

416

 

47,814

 

—

 

15,075

 

—

 

63,305

 

Equipment and Other

 

17,859

 

—

 

3,482

 

—

 

—

 

21,341

 

Total Revenue

 

456,111

 

68,403

 

36,664

 

15,075

 

—

 

576,253

 

Depreciation and amortization

 

53,188

 

13,610

 

7,025

 

2,374

 

661

 

76,858

 

Non-cash stock-based compensation

 

425

 

—

 

—

 

—

 

2,235

 

2,660

 

Operating income (loss)

 

43,775

 

19,655

 

(5,289

)

(100

)

(13,728

)

44,313

 

 

 

 

Segment Assets

 

 

 

U.S. Wireless

 

International
Integrated
Telephony

 

Island
Wireless

 

U.S.
Wireline

 

Reconciling
Items

 

Consolidated

 

December 31, 2010:

 

 

 

 

 

 

 

 

 

 

 

 

 

Net fixed assets

 

$

290,985

 

$

129,222

 

$

31,916

 

$

8,437

 

$

3,331

 

$

463,891

 

Goodwill

 

32,148

 

—

 

4,758

 

7,491

 

—

 

44,397

 

Total assets

 

536,341

 

169,006

 

65,549

 

22,847

 

34,453

 

828,196

 

September 30, 2011:

 

 

 

 

 

 

 

 

 

 

 

 

 

Net fixed assets

 

$

288,584

 

125,738

 

41,492

 

8,239

 

7,104

 

471,157

 

Goodwill

 

32,148

 

—

 

7,863

 

7,491

 

—

 

47,502

 

Total assets

 

546,022

 

168,072

 

89,833

 

22,053

 

40,393

 

866,373

 

 

 

 

Capital Expenditures

 

Nine Months Ended September 30,

 

U.S. Wireless

 

International
Integrated
Telephony

 

Island
Wireless

 

U.S.
Wireline

 

Reconciling
Items

 

Consolidated

 

2010

 

$

54,269

 

$

20,225

 

$

12,393

 

$

1,388

 

$

3,357

 

$

91,632

 

2011

 

43,532

 

12,697

 

5,812

 

1,805

 

2,004

 

65,850