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SEGMENT REPORTING | 6 Months Ended
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Jun. 30, 2019
SEGMENT REPORTING |
SEGMENT REPORTING | ​ 14. SEGMENT REPORTING ​ The Company has the following three reportable and operating segments: i) US Telecom, ii) International Telecom, and iii) Renewable Energy. ​ The following tables provide information for each operating segment (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
For the Three Months Ended June 30, 2019
​ |  | ​ | ​ |  | ​ |  | ​ | ​ |  | ​ | ​ | ​ | ​ | ​
​ | ​ | US | ​ | International | ​ | Renewable | ​ | Corporate and | ​ | ​ | ​
​ | ​ | Telecom | ​ | Telecom | ​ | Energy | ​ | Other (1) | ​ | Consolidated
Revenue | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Wireless | ​ | $ | 25,656 | ​ | $ | 21,340 | ​ | $ | — | ​ | $ | — | ​ | $ | 46,996
Wireline | ​ |  | 757 | ​ |  | 58,519 | ​ |  | — | ​ |  | — | ​ |  | 59,276
Renewable Energy | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 1,449 | ​ | ​ | — | ​ | ​ | 1,449
Total Revenue | ​ |  | 26,413 | ​ |  | 79,859 | ​ |  | 1,449 | ​ |  | — | ​ |  | 107,721
Depreciation and amortization | ​ |  | 5,551 | ​ |  | 13,606 | ​ |  | 638 | ​ |  | 1,754 | ​ |  | 21,549
Non-cash stock-based compensation | ​ |  | — | ​ |  | 11 | ​ |  | — | ​ |  | 2,017 | ​ |  | 2,028
Operating income (loss) | ​ |  | 1,521 | ​ |  | 11,057 | ​ |  | 167 | ​ |  | (9,991) | ​ |  | 2,754
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
For the Three Months Ended June 30, 2018
​ |  | ​ | ​ |  |  |  | ​ | ​ |  | ​ | ​ |  | ​ | ​
​ | ​ | US | ​ | International | ​ | Renewable | ​ | Corporate and | ​ | ​ | ​
​ | ​ | Telecom | ​ | Telecom | ​ | Energy | ​ | Other (1) | ​ | Consolidated
Revenue | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Wireless | ​ | $ | 28,582 | ​ | $ | 21,914 | ​ | $ | — | ​ | $ | — | ​ | $ | 50,496
Wireline | ​ |  | 1,702 | ​ |  | 59,567 | ​ |  | — | ​ |  | — | ​ |  | 61,269
Renewable Energy | ​ |  | — | ​ |  | — | ​ |  | 6,023 | ​ |  | — | ​ |  | 6,023
Total Revenue | ​ |  | 30,284 | ​ |  | 81,481 | ​ |  | 6,023 | ​ |  | — | ​ |  | 117,788
Depreciation and amortization | ​ |  | 6,835 | ​ |  | 11,794 | ​ |  | 1,899 | ​ |  | 1,385 | ​ |  | 21,913
Non-cash stock-based compensation | ​ |  | — | ​ |  | 20 | ​ |  | 29 | ​ |  | 2,054 | ​ |  | 2,103
Operating income (loss) | ​ |  | 7,841 | ​ |  | 15,571 | ​ |  | 1,927 | ​ |  | (9,586) | ​ |  | 15,753
​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
For the Six Months Ended June 30, 2019
​ |  | ​ | ​ |  | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​
​ | ​ | US | ​ | International | ​ | Renewable | ​ | Corporate and | ​ | ​ | ​
​ | ​ | Telecom | ​ | Telecom | ​ | Energy | ​ | Other (1) | ​ | Consolidated
Revenue | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Wireless | ​ | $ | 46,093 | ​ | $ | 42,515 | ​ | $ | — | ​ | $ | — | ​ | $ | 88,608
Wireline | ​ |  | 1,813 | ​ |  | 117,660 | ​ |  | — | ​ |  | — | ​ |  | 119,473
Renewable Energy | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 2,939 | ​ | ​ | — | ​ | ​ | 2,939
Total Revenue | ​ |  | 47,906 | ​ |  | 160,175 | ​ |  | 2,939 | ​ |  | — | ​ |  | 211,020
Depreciation and amortization | ​ |  | 11,149 | ​ |  | 26,621 | ​ |  | 1,253 | ​ |  | 3,244 | ​ |  | 42,267
Non-cash stock-based compensation | ​ |  | — | ​ |  | 21 | ​ |  | — | ​ |  | 3,313 | ​ |  | 3,334
Operating income (loss) | ​ |  | (2,006) | ​ |  | 24,935 | ​ |  | (16) | ​ |  | (18,045) | ​ |  | 4,868
​ ​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
For the Six Months Ended June 30, 2018
​ |  | ​ | ​ |  | ​ |  | ​ | ​ |  | ​ | ​ | ​ | ​ | ​
​ | ​ | US | ​ | International | ​ | Renewable | ​ | Corporate and | ​ | ​ | ​
​ | ​ | Telecom | ​ | Telecom | ​ | Energy | ​ | Other (1) | ​ | Consolidated
Revenue | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Wireless | ​ | $ | 55,983 | ​ | $ | 45,060 | ​ | $ | — | ​ | $ | — | ​ | $ | 101,043
Wireline | ​ |  | 2,800 | ​ |  | 106,565 | ​ |  | — | ​ |  | — | ​ |  | 109,365
Renewable Energy | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 11,855 | ​ | ​ | — | ​ | ​ | 11,855
Total Revenue | ​ |  | 58,783 | ​ |  | 151,625 | ​ |  | 11,855 | ​ |  | — | ​ |  | 222,263
Depreciation and amortization | ​ |  | 13,348 | ​ |  | 23,465 | ​ |  | 3,673 | ​ |  | 2,731 | ​ |  | 43,217
Non-cash stock-based compensation | ​ |  | — | ​ |  | 48 | ​ |  | 57 | ​ |  | 3,574 | ​ |  | 3,679
Operating income (loss) | ​ |  | 13,065 | ​ |  | 21,211 | ​ |  | 3,863 | ​ |  | (18,177) | ​ |  | 19,962
​
| (1) | Corporate and Other items refer to corporate overhead costs and consolidating adjustments
​ Selected balance sheet data for each of the Company’s segments as of June 30, 2019 and December 31, 2018 consists of the following (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ | ​ |  | ​ |  | ​ | ​ |  | ​ |  |  | ​ | ​
​ | ​ | US | ​ | International | ​ | Renewable | ​ | Corporate and | ​ | ​ | ​
​ | ​ | Telecom | ​ | Telecom | ​ | Energy | ​ | Other (1) | ​ | Consolidated
June 30, 2019 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash, Cash equivalents, and Investments | ​ | $ | 22,925 | ​ | $ | 38,403 | ​ | $ | 22,522 | ​ | $ | 67,042 | ​ | $ | 150,892
Total current assets | ​ | ​ | 52,278 | ​ | ​ | 95,437 | ​ | ​ | 40,129 | ​ | ​ | 62,385 | ​ | ​ | 250,229
Fixed assets, net | ​ | ​ | 72,501 | ​ | ​ | 474,185 | ​ | ​ | 44,309 | ​ | ​ | 22,708 | ​ | ​ | 613,703
Goodwill | ​ |  | 35,269 | ​ |  | 25,421 | ​ |  | 3,280 | ​ |  | — | ​ | ​ | 63,970
Total assets | ​ |  | 222,110 | ​ |  | 657,062 | ​ |  | 88,683 | ​ |  | 179,121 | ​ | ​ | 1,146,976
Total current liabilities | ​ | ​ | 34,464 | ​ | ​ | 73,671 | ​ | ​ | 1,465 | ​ | ​ | 20,701 | ​ | ​ | 130,301
Total debt | ​ | ​ | — | ​ | ​ | 89,166 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 89,166
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
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Capital Expenditures
​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
​ | ​ | ​ | US | ​ | ​ | International | ​ | ​ | Renewable | ​ | ​ | Corporate and | ​ | ​ | ​
Six months ended June 30, | ​ | ​ | Telecom | ​ | ​ | Telecom (2) | ​ | ​ | Energy | ​ | ​ | Other (1) | ​ | ​ | Consolidated
2019 | ​ | $ | 6,368 | ​ | $ | 23,692 | ​ | $ | 817 | ​ | $ | 4,519 | ​ | $ | 35,396
2018 | ​ | ​ | 7,266 | ​ | ​ | 95,520 | ​ | ​ | 1,388 | ​ | ​ | 3,074 | ​ | ​ | 107,248
​
| (1) | Corporate and other items refer to corporate overhead costs and consolidating adjustments
​
| (2) | Includes $0.1 million and $66.7 million of expenditures during the six months of 2019 and 2018, respectively, used to rebuild the Company’s damaged networks in the US Virgin Islands which were 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.

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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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