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SEGMENT REPORTING | 12 Months Ended
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Dec. 31, 2018
SEGMENT REPORTING |
SEGMENT REPORTING | 16. SEGMENT REPORTING The Company has the following three reportable and operating segments: i) U.S. Telecom, ii) International Telecom, and iii) Renewable Energy. The following tables provide information for each operating segment (in thousands):
For the Year Ended December 31, 2018
|  | U.S. |  | International |  | Renewable |  | Corporate and |  |  |
|  | Telecom |  | Telecom |  | Energy |  | Other (1) |  | Consolidated
Revenue |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Wireless |  | $ | 108,878 |  | $ | 89,946 |  | $ | — |  | $ | — |  | $ | 198,824
Wireline |  |  | 6,602 |  |  | 223,623 |  |  | — |  |  | — |  |  | 230,225
Renewable Energy |  |  | — |  |  | — |  |  | 22,158 |  |  | — |  |  | 22,158
Total Revenue |  |  | 115,480 |  |  | 313,569 |  |  | 22,158 |  |  | — |  |  | 451,207
Depreciation and amortization |  |  | 24,615 |  |  | 48,889 |  |  | 6,589 |  |  | 5,626 |  |  | 85,719
Non-cash stock-based compensation |  |  | — |  |  | 88 |  |  | 105 |  |  | 6,227 |  |  | 6,420
Operating income (loss) |  |  | 36,813 |  |  | 45,022 |  |  | 13,440 |  |  | (34,252) |  |  | 61,023
For the Year Ended December 31, 2017
|  | U.S. |  | International |  | Renewable |  | Corporate and |  |  |
|  | Telecom |  | Telecom |  | Energy |  | Other (1) |  | Consolidated
Revenue |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Wireless |  | $ | 143,028 |  | $ | 89,473 |  | $ | — |  | $ | — |  | $ | 232,501
Wireline |  |  | 12,695 |  |  | 215,132 |  |  | — |  |  | — |  |  | 227,827
Renewable Energy |  |  | — |  |  | — |  |  | 20,865 |  |  | — |  |  | 20,865
Total Revenue |  |  | 155,723 |  |  | 304,605 |  |  | 20,865 |  |  | — |  |  | 481,193
Depreciation and amortization |  |  | 25,601 |  |  | 50,007 |  |  | 6,668 |  |  | 4,658 |  |  | 86,934
Non-cash stock-based compensation |  |  | — |  |  | 188 |  |  | 114 |  |  | 6,675 |  |  | 6,977
Operating income (loss) |  |  | 55,317 |  |  | 28,308 |  |  | 5,179 |  |  | (33,496) |  |  | 55,308
For the Year Ended December 31, 2016
|  | U.S. |  | International |  | Renewable |  | Corporate and |  |  |
|  | Telecom |  | Telecom |  | Energy |  | Other (1) |  | Consolidated
Revenue |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Wireless |  | $ | 150,044 |  | $ | 94,360 |  | $ | — |  | $ | — |  | $ | 244,404
Wireline |  |  | 26,683 |  |  | 163,915 |  |  | — |  |  | — |  |  | 190,598
Renewable Energy |  |  | — |  |  | — |  |  | 22,001 |  |  | — |  |  | 22,001
Total Revenue |  |  | 176,727 |  |  | 258,275 |  |  | 22,001 |  |  | — |  |  | 457,003
Depreciation and amortization |  |  | 24,470 |  |  | 40,493 |  |  | 4,987 |  |  | 6,030 |  |  | 75,980
Non-cash stock-based compensation |  |  | — |  |  | 22 |  |  | 114 |  |  | 6,274 |  |  | 6,410
Operating income (loss) |  |  | 49,078 |  |  | 36,910 |  |  | (246) |  |  | (34,472) |  |  | 51,270
|  | U.S. |  | International |  | Renewable |  | Corporate and |  |  |
|  | Telecom |  | Telecom |  | Energy |  | Other (1) |  | Consolidated
December 31, 2018 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash, Cash equivalents, and Investments |  | $ | 19,118 |  | $ | 32,390 |  | $ | 62,678 |  | $ | 78,043 |  | $ | 192,229
Total current assets |  |  | 36,801 |  |  | 75,304 |  |  | 80,553 |  |  | 83,107 |  |  | 275,765
Fixed assets, net |  |  | 78,102 |  |  | 482,770 |  |  | 45,599 |  |  | 20,381 |  |  | 626,852
Goodwill |  |  | 35,269 |  |  | 25,421 |  |  | 3,280 |  |  | — |  |  | 63,970
Total assets |  |  | 172,634 |  |  | 622,454 |  |  | 130,427 |  |  | 181,789 |  |  | 1,107,304
Total current liabilities |  |  | 15,783 |  |  | 82,575 |  |  | 3,465 |  |  | 38,827 |  |  | 140,650
Total debt |  |  | — |  |  | 90,970 |  |  | 12 |  |  | — |  |  | 90,982
December 31, 2017 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash, Cash equivalents, and Investments |  | $ | 19,585 |  | $ | 110,700 |  | $ | 8,120 |  | $ | 76,627 |  | $ | 215,032
Total current assets |  |  | 40,975 |  |  | 190,396 |  |  | 18,060 |  |  | 93,497 |  |  | 342,928
Fixed assets, net |  |  | 99,462 |  |  | 367,485 |  |  | 158,447 |  |  | 17,752 |  |  | 643,146
Goodwill |  |  | 35,269 |  |  | 25,421 |  |  | 3,280 |  |  | — |  |  | 63,970
Total assets |  |  | 200,142 |  |  | 629,007 |  |  | 192,406 |  |  | 184,050 |  |  | 1,205,605
Total current liabilities |  |  | 41,248 |  |  | 91,887 |  |  | 14,754 |  |  | 13,816 |  |  | 161,705
Total debt |  |  | — |  |  | 94,577 |  |  | 61,215 |  |  | — |  |  | 155,792
|  |  | Capital Expenditures |
|  |  | U.S. |  |  | International |  |  | Renewable |  |  | Corporate and |  |  |  |  |
Year ended December 31, |  |  | Telecom |  |  | Telecom |  |  | Energy |  |  | Other (1) |  |  | Consolidated |  |
2018 |  | $ | 13,389 |  | $ | 160,013 | (2) | $ | 4,515 |  | $ | 8,004 |  | $ | 185,921 |  |
2017 |  |  | 22,230 |  |  | 80,912 |  |  | 32,738 |  |  | 6,491 |  |  | 142,371 |  |
| (1) |  | Reconciling items refer to corporate overhead expenses and consolidating adjustments.
| (2) |  | Includes $80.2 million of expenditures used to rebuild the Company’s damaged networks in the U.S. Virgin Islands which was impacted by the Hurricanes. These expenditures were financed, in part, by the $34.6 million of insurance proceeds the Company received during the first quarter of 2018.
The table below identifies the Company’s revenues and long-lived assets by geographic location. The Company attributes revenue to geographic location based on location of the customer (in thousands):
|  | 2018 |  | 2017 |  | 2016 |
|  |  |  | Long-Lived |  |  |  | Long-Lived |  |  |  | Long-Lived |
|  | Revenues |  | Assets |  | Revenues |  | Assets |  | Revenues |  | Assets |
U.S. |  | $ | 132,288 |  | $ | 234,514 |  | $ | 173,632 |  | $ | 358,032 |  | $ | 198,300 |  | $ | 265,528 |
Guyana |  |  | 102,056 |  |  | 151,084 |  |  | 93,524 |  |  | 129,909 |  |  | 91,653 |  |  | 132,609 |
U.S Virgin Islands |  |  | 79,785 |  |  | 216,173 |  |  | 83,194 |  |  | 137,018 |  |  | 58,431 |  |  | 110,773 |
Bermuda |  |  | 103,281 |  |  | 137,992 |  |  | 127,244 |  |  | 165,243 |  |  | 83,006 |  |  | 94,976 |
Other Foreign Countries |  |  | 33,797 |  |  | 91,774 |  |  | 3,599 |  |  | 71,282 |  |  | 25,613 |  |  | 76,575 |
|  | $ | 451,207 |  | $ | 831,538 |  | $ | 481,193 |  | $ | 861,484 |  | $ | 457,003 |  | $ | 680,461 |

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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