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SEGMENT REPORTING

6 Months Ended

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.