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SEGMENT REPORTING | 9 Months Ended
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Sep. 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 September 30, 2019
​ |  | ​ | ​ |  | ​ |  | ​ | ​ |  | ​ | ​ | ​ | ​ | ​
​ | ​ | US | ​ | International | ​ | Renewable | ​ | Corporate and | ​ | ​ | ​
​ | ​ | Telecom | ​ | Telecom | ​ | Energy | ​ | Other (1) | ​ | Consolidated
Revenue | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Wireless | ​ | $ | 32,168 | ​ | $ | 22,387 | ​ | $ | — | ​ | $ | — | ​ | $ | 54,555
Wireline | ​ |  | 725 | ​ |  | 58,898 | ​ |  | — | ​ |  | — | ​ |  | 59,623
Renewable Energy | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 1,438 | ​ | ​ | — | ​ | ​ | 1,438
Total Revenue | ​ |  | 32,893 | ​ |  | 81,285 | ​ |  | 1,438 | ​ |  | — | ​ |  | 115,616
Depreciation and amortization | ​ |  | 5,770 | ​ |  | 14,089 | ​ |  | 1,016 | ​ |  | 1,728 | ​ |  | 22,603
Non-cash stock-based compensation | ​ |  | — | ​ |  | 285 | ​ |  | — | ​ |  | 1,263 | ​ |  | 1,548
Operating income (loss) | ​ |  | 7,912 | ​ |  | 10,867 | ​ |  | (714) | ​ |  | (7,817) | ​ |  | 10,248
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
For the Three Months Ended September 30, 2018
​ |  | ​ | ​ |  |  |  | ​ | ​ |  | ​ | ​ |  | ​ | ​
​ | ​ | US | ​ | International | ​ | Renewable | ​ | Corporate and | ​ | ​ | ​
​ | ​ | Telecom | ​ | Telecom | ​ | Energy | ​ | Other (1) | ​ | Consolidated
Revenue | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Wireless | ​ | $ | 29,784 | ​ | $ | 22,219 | ​ | $ | — | ​ | $ | — | ​ | $ | 52,003
Wireline | ​ |  | 2,024 | ​ |  | 61,693 | ​ |  | — | ​ |  | — | ​ |  | 63,717
Renewable Energy | ​ |  | — | ​ |  | — | ​ |  | 5,418 | ​ |  | — | ​ |  | 5,418
Total Revenue | ​ |  | 31,808 | ​ |  | 83,912 | ​ |  | 5,418 | ​ |  | — | ​ |  | 121,138
Depreciation and amortization | ​ |  | 5,665 | ​ |  | 12,441 | ​ |  | 1,819 | ​ |  | 1,459 | ​ |  | 21,384
Non-cash stock-based compensation | ​ |  | — | ​ |  | 20 | ​ |  | 29 | ​ |  | 1,344 | ​ |  | 1,393
Operating income (loss) | ​ |  | 22,773 | ​ |  | 16,239 | ​ |  | (177) | ​ | ​ | (8,011) | ​ |  | 30,824
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
For the Nine Months Ended September 30, 2019
​ |  | ​ | ​ |  | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​
​ | ​ | US | ​ | International | ​ | Renewable | ​ | Corporate and | ​ | ​ | ​
​ | ​ | Telecom | ​ | Telecom | ​ | Energy | ​ | Other (1) | ​ | Consolidated
Revenue | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Wireless | ​ | $ | 78,261 | ​ | $ | 65,444 | ​ | $ | — | ​ | $ | — | ​ | $ | 143,705
Wireline | ​ |  | 2,538 | ​ |  | 176,017 | ​ |  | — | ​ |  | — | ​ |  | 178,555
Renewable Energy | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 4,377 | ​ | ​ | — | ​ | ​ | 4,377
Total Revenue | ​ |  | 80,799 | ​ |  | 241,461 | ​ |  | 4,377 | ​ |  | — | ​ |  | 326,637
Depreciation and amortization | ​ |  | 16,919 | ​ |  | 40,709 | ​ |  | 2,269 | ​ |  | 4,973 | ​ |  | 64,870
Non-cash stock-based compensation | ​ |  | — | ​ |  | 306 | ​ |  | — | ​ |  | 4,575 | ​ |  | 4,881
Operating income (loss) | ​ |  | 5,927 | ​ |  | 35,802 | ​ |  | (750) | ​ |  | (25,862) | ​ |  | 15,117
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
For the Nine Months Ended September 30, 2018
​ |  | ​ | ​ |  | ​ |  | ​ | ​ |  | ​ | ​ | ​ | ​ | ​
​ | ​ | US | ​ | International | ​ | Renewable | ​ | Corporate and | ​ | ​ | ​
​ | ​ | Telecom | ​ | Telecom | ​ | Energy | ​ | Other (1) | ​ | Consolidated
Revenue | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Wireless | ​ | $ | 85,767 | ​ | $ | 67,279 | ​ | $ | — | ​ | $ | — | ​ | $ | 153,046
Wireline | ​ |  | 4,824 | ​ |  | 168,259 | ​ |  | — | ​ |  | — | ​ |  | 173,083
Renewable Energy | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 17,272 | ​ | ​ | — | ​ | ​ | 17,272
Total Revenue | ​ |  | 90,591 | ​ |  | 235,538 | ​ |  | 17,272 | ​ |  | — | ​ |  | 343,401
Depreciation and amortization | ​ |  | 19,013 | ​ |  | 35,907 | ​ |  | 5,492 | ​ |  | 4,190 | ​ |  | 64,602
Non-cash stock-based compensation | ​ |  | — | ​ |  | 68 | ​ |  | 86 | ​ |  | 4,917 | ​ |  | 5,071
Operating income (loss) | ​ |  | 35,839 | ​ |  | 37,449 | ​ |  | 3,687 | ​ |  | (26,189) | ​ |  | 50,786
​
| (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 September 30, 2019 and December 31, 2018 consists of the following (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ | ​ |  | ​ |  | ​ | ​ |  | ​ |  |  | ​ | ​
​ | ​ | US | ​ | International | ​ | Renewable | ​ | Corporate and | ​ | ​ | ​
​ | ​ | Telecom | ​ | Telecom | ​ | Energy | ​ | Other (1) | ​ | Consolidated
September 30, 2019 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash, Cash equivalents, and Investments | ​ | $ | 36,738 | ​ | $ | 51,178 | ​ | $ | 21,030 | ​ | $ | 59,584 | ​ | $ | 168,530
Total current assets | ​ | ​ | 60,782 | ​ | ​ | 101,113 | ​ | ​ | 38,696 | ​ | ​ | 57,220 | ​ | ​ | 257,811
Fixed assets, net | ​ | ​ | 69,642 | ​ | ​ | 470,338 | ​ | ​ | 43,497 | ​ | ​ | 22,024 | ​ | ​ | 605,501
Goodwill | ​ |  | 35,269 | ​ |  | 25,421 | ​ |  | 3,280 | ​ |  | — | ​ | ​ | 63,970
Total assets | ​ |  | 230,585 | ​ |  | 660,367 | ​ |  | 86,224 | ​ |  | 185,624 | ​ | ​ | 1,162,800
Total current liabilities | ​ | ​ | 30,870 | ​ | ​ | 75,348 | ​ | ​ | 1,354 | ​ | ​ | 33,458 | ​ | ​ | 141,030
Total debt | ​ | ​ | — | ​ | ​ | 88,265 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 88,265
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 | ​ | ​ | ​
Nine months ended September 30, | ​ | ​ | Telecom | ​ | ​ | Telecom (2) | ​ | ​ | Energy | ​ | ​ | Other (1) | ​ | ​ | Consolidated
2019 | ​ | $ | 8,533 | ​ | $ | 33,159 | ​ | $ | 2,183 | ​ | $ | 5,611 | ​ | $ | 49,486
2018 | ​ | ​ | 9,461 | ​ | ​ | 136,790 | ​ | ​ | 1,642 | ​ | ​ | 6,385 | ​ | ​ | 154,278
​
| (1) | Corporate and other items refer to corporate overhead costs and consolidating adjustments
​
| (2) | Includes $0.1 million and $78.9 million of expenditures during the nine 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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