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SEGMENT REPORTING | 9 Months Ended
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Sep. 30, 2017
SEGMENT REPORTING |
SEGMENT REPORTING | 11. SEGMENT REPORTING The Company’s reportable segments consist of the following: i) U.S. Telecom, consisting of the Company’s former U.S. Wireless and U.S. Wireline segments, ii) International Telecom, consisting of the Company’s former Island Wireless and International Integrated Telephony segments and the results of its One Communications and Viya Acquisitions as discussed below, and iii) Renewable Energy, consisting of the Company’s former Renewable Energy segment and the results of its Vibrant Energy Acquisition. The following tables provide information for each operating segment (in thousands):
For the Three Months Ended September 30, 2017
|  | U.S. |  | International |  | Renewable |  | Corporate and |  |  |
|  | Telecom |  | Telecom |  | Energy |  | Other (1) |  | Consolidated
Revenue |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Wireless |  | $ | 36,830 |  | $ | 20,424 |  | $ | — |  | $ | — |  | $ | 57,254
Wireline |  |  | 2,336 |  |  | 53,973 |  |  | — |  |  | — |  |  | 56,309
Renewable Energy |  |  | — |  |  | — |  |  | 4,974 |  |  | — |  |  | 4,974
Equipment and Other |  |  | 945 |  |  | 2,614 |  |  | 36 |  |  | — |  |  | 3,595
Total Revenue |  |  | 40,111 |  |  | 77,011 |  |  | 5,010 |  |  | — |  |  | 122,132
Depreciation and amortization |  |  | 6,301 |  |  | 12,088 |  |  | 1,656 |  |  | 1,112 |  |  | 21,157
Non-cash stock-based compensation |  |  | — |  |  | 8 |  |  | 29 |  |  | 1,621 |  |  | 1,658
Operating income (loss) |  |  | 15,987 |  |  | (28,491) |  |  | 976 |  |  | (7,997) |  |  | (19,525)
For the Three Months Ended September 30, 2016
|  | U.S. |  | International |  | Renewable |  | Corporate and |  |  |
|  | Telecom |  | Telecom |  | Energy |  | Other (1) |  | Consolidated
Revenue |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Wireless |  | $ | 40,076 |  | $ | 21,075 |  | $ | — |  | $ | — |  | $ | 61,151
Wireline |  |  | 6,936 |  |  | 59,193 |  |  | — |  |  | — |  |  | 66,129
Renewable Energy |  |  | — |  |  | — |  |  | 5,784 |  |  | — |  |  | 5,784
Equipment and Other |  |  | 548 |  |  | 5,045 |  |  | 138 |  |  | — |  |  | 5,731
Total Revenue |  |  | 47,560 |  |  | 85,313 |  |  | 5,922 |  |  | — |  |  | 138,795
Depreciation and amortization |  |  | 6,211 |  |  | 12,861 |  |  | 1,227 |  |  | 1,567 |  |  | 21,866
Non-cash stock-based compensation |  |  | — |  |  | — |  |  | 28 |  |  | 1,371 |  |  | 1,399
Operating income (loss) |  |  | 18,120 |  |  | 11,358 |  |  | 2,822 |  |  | (10,219) |  |  | 22,081
For the Nine Months Ended September 30, 2017
|  | U.S. |  | International |  | Renewable |  | Corporate and |  |  |
|  | Telecom |  | Telecom |  | Energy |  | Other (1) |  | Consolidated
Revenue |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Wireless |  | $ | 108,499 |  | $ | 59,446 |  | $ | — |  | $ | — |  | $ | 167,945
Wireline |  |  | 10,443 |  |  | 171,125 |  |  | — |  |  | — |  |  | 181,568
Renewable Energy |  |  | — |  |  | — |  |  | 14,765 |  |  | — |  |  | 14,765
Equipment and Other |  |  | 1,939 |  |  | 7,101 |  |  | 174 |  |  | — |  |  | 9,214
Total Revenue |  |  | 120,881 |  |  | 237,672 |  |  | 14,939 |  |  | — |  |  | 373,492
Depreciation and amortization |  |  | 19,098 |  |  | 38,339 |  |  | 4,941 |  |  | 3,526 |  |  | 65,904
Non-cash stock-based compensation |  |  | — |  |  | 146 |  |  | 86 |  |  | 5,205 |  |  | 5,437
Operating income (loss) |  |  | 44,520 |  |  | (7,713) |  |  | 3,263 |  |  | (25,952) |  |  | 14,118
For the Nine Months Ended September 30, 2016
|  | U.S. |  | International |  | Renewable |  | Corporate and |  |  |
|  | Telecom |  | Telecom |  | Energy |  | Other (1) |  | Consolidated
Revenue |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Wireless |  | $ | 117,194 |  | $ | 60,106 |  | $ | — |  | $ | — |  | $ | 177,300
Wireline |  |  | 18,793 |  |  | 103,397 |  |  | — |  |  | — |  |  | 122,190
Renewable Energy |  |  | — |  |  | — |  |  | 16,935 |  |  | — |  |  | 16,935
Equipment and Other |  |  | 1,716 |  |  | 10,071 |  |  | 259 |  |  | — |  |  | 12,046
Total Revenue |  |  | 137,703 |  |  | 173,574 |  |  | 17,194 |  |  | — |  |  | 328,471
Depreciation and amortization |  |  | 17,510 |  |  | 27,376 |  |  | 3,642 |  |  | 4,385 |  |  | 52,913
Non-cash stock-based compensation |  |  | — |  |  | — |  |  | 86 |  |  | 4,946 |  |  | 5,032
Operating income (loss) |  |  | 39,698 |  |  | 28,320 |  |  | (734) |  |  | (27,398) |  |  | 39,886
(1) Corporate and Other items refer to corporate overhead costs and consolidating adjustments Selected balance sheet data for each of our segments as of September 30, 2017 and December 31, 2016 consists of the following (in thousands):
|  | U.S. |  | International |  | Renewable |  | Corporate and |  |  |
|  | Telecom |  | Telecom |  | Energy |  | Other (1) |  | Consolidated
September 30, 2017 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash, Cash equivalents, and Investments |  | $ | 31,328 |  | $ | 111,336 |  | $ | 19,147 |  | $ | 70,643 |  | $ | 232,454
Total current assets |  |  | 61,473 |  |  | 163,235 |  |  | 25,301 |  |  | 84,729 |  |  | 334,738
Fixed assets, net |  |  | 100,349 |  |  | 347,421 |  |  | 158,554 |  |  | 18,271 |  |  | 624,595
Goodwill |  |  | 35,268 |  |  | 25,421 |  |  | 3,280 |  |  | — |  |  | 63,969
Total assets |  |  | 221,528 |  |  | 586,747 |  |  | 201,024 |  |  | 174,719 |  |  | 1,184,018
Total current liabilities |  |  | 53,065 |  |  | 86,359 |  |  | 18,561 |  |  | 15,692 |  |  | 173,677
Total debt |  |  | — |  |  | 95,464 |  |  | 64,187 |  |  | — |  |  | 159,651
December 31, 2016 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash, Cash equivalents, and Investments |  | $ | 22,235 |  | $ | 97,681 |  | $ | 27,378 |  | $ | 131,664 |  | $ | 278,958
Total current assets |  |  | 50,983 |  |  | 143,201 |  |  | 37,440 |  |  | 135,745 |  |  | 367,369
Fixed assets, net |  |  | 129,274 |  |  | 372,741 |  |  | 130,268 |  |  | 15,429 |  |  | 647,712
Goodwill |  |  | 35,268 |  |  | 24,326 |  |  | 3,279 |  |  | — |  |  | 62,873
Total assets |  |  | 240,006 |  |  | 597,454 |  |  | 190,253 |  |  | 170,505 |  |  | 1,198,218
Total current liabilities |  |  | 23,162 |  |  | 95,502 |  |  | 12,603 |  |  | 18,838 |  |  | 150,105
Total debt |  |  | — |  |  | 91,316 |  |  | 65,507 |  |  | — |  |  | 156,823
|  |  | Capital Expenditures |
|  |  | U.S. |  |  | International |  |  | Renewable |  |  | Corporate and |  |  |  |  |
Nine months ended September 30, |  |  | Telecom |  |  | Telecom |  |  | Energy |  |  | Other (1) |  |  | Consolidated |  |
2017 |  | $ | 17,396 |  | $ | 54,775 |  | $ | 31,327 |  | $ | 4,778 |  | $ | 108,276 |  |
2016 |  |  | 26,709 |  |  | 36,543 |  |  | 10,326 |  |  | 4,877 |  |  | 78,455 |  |
| (1) |  | Corporate and Other items refer to corporate overhead costs and consolidating adjustments.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8981-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9038-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8971-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8595-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8984-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9031-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8538-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8864-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8924-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8906-108599 + Details
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