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SEGMENT REPORTING | 3 Months Ended
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Mar. 31, 2022
SEGMENT REPORTING |
SEGMENT REPORTING | 13. SEGMENT REPORTING ​ The Company has the following three reportable and operating segments: i) International Telecom, ii) US Telecom, and iii) Renewable Energy. ​ The following tables provide information for each operating segment (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
For the Three Months Ended March 31, 2022
​ |  | ​ | ​ |  | ​ |  | ​ | ​ |  | ​ | ​ | ​ | ​ | ​
​ | ​ | International | ​ | US | ​ | Renewable | ​ | Corporate and | ​ | ​ | ​
​ | ​ | Telecom | ​ | Telecom | ​ | Energy | ​ | Other (1) | ​ | Consolidated
Revenue | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Communication Services | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Mobility - Business | ​ | $ | 3,616 | ​ | $ | 374 | ​ | $ | — | ​ | $ | — | ​ | $ | 3,990
Mobility - Consumer | ​ | ​ | 19,970 | ​ | ​ | 1,456 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 21,426
Total Mobility | ​ | ​ | 23,586 | ​ | ​ | 1,830 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 25,416
Fixed - Business | ​ | ​ | 17,254 | ​ | ​ | 27,145 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 44,399
Fixed - Consumer | ​ | ​ | 41,093 | ​ | ​ | 18,968 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 60,061
Total Fixed | ​ | ​ | 58,347 | ​ |  | 46,113 | ​ |  | — | ​ |  | — | ​ |  | 104,460
Carrier Services | ​ | ​ | 3,402 | ​ | ​ | 32,989 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 36,391
Other | ​ |  | 276 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 276
Total Communication Services Revenue | ​ |  | 85,611 | ​ | ​ | 80,932 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 166,543
Construction | ​ | ​ | — | ​ | ​ | 1,987 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 1,987
Other | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Managed Services | ​ | ​ | 1,176 | ​ | ​ | 2,313 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 3,489
Total Other Revenue | ​ | ​ | 1,176 | ​ | ​ | 2,313 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 3,489
Total Revenue | ​ | ​ | 86,787 | ​ | ​ | 85,232 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 172,019
Depreciation | ​ |  | 13,897 | ​ |  | 18,442 | ​ |  | — | ​ |  | 953 | ​ |  | 33,292
Amortization of intangibles from acquisitions | ​ | ​ | 418 | ​ | ​ | 2,840 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 3,258
Non-cash stock-based compensation | ​ |  | 60 | ​ |  | 90 | ​ |  | — | ​ |  | 1,311 | ​ |  | 1,461
Operating income (loss) | ​ |  | 11,803 | ​ |  | (4,635) | ​ |  | (23) | ​ |  | (7,037) | ​ |  | 108
​ ​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
For the Three Months Ended March 31, 2021
​ |  | ​ | ​ |  |  |  | ​ | ​ |  | ​ | ​ |  | ​ | ​
​ | ​ | International | ​ | US | ​ | Renewable | ​ | Corporate and | ​ | ​ | ​
​ | ​ | Telecom | ​ | Telecom | ​ | Energy | ​ | Other (1) | ​ | Consolidated
Revenue | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Communication Services | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Mobility - Business | ​ | $ | 1,197 | ​ | $ | 576 | ​ | $ | — | ​ | $ | — | ​ | $ | 1,773
Mobility - Consumer | ​ | ​ | 20,624 | ​ | ​ | 2,284 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 22,908
Total Mobility | ​ | ​ | 21,821 | ​ | ​ | 2,860 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 24,681
Fixed - Business | ​ | ​ | 16,634 | ​ | ​ | 2,696 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 19,330
Fixed - Consumer | ​ | ​ | 42,114 | ​ | ​ | 3,674 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 45,788
Total Fixed | ​ | ​ | 58,748 | ​ | ​ | 6,370 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 65,118
Carrier Services | ​ | ​ | 1,883 | ​ | ​ | 18,736 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 20,619
Other | ​ |  | 218 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 218
Total Communication Services Revenue | ​ |  | 82,670 | ​ | ​ | 27,966 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 110,636
Construction | ​ | ​ | — | ​ | ​ | 12,306 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 12,306
Other | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Renewable Energy | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 418 | ​ | ​ | — | ​ | ​ | 418
Managed Services | ​ | ​ | 1,150 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 1,150
Total Other Revenue | ​ | ​ | 1,150 | ​ | ​ | — | ​ | ​ | 418 | ​ | ​ | — | ​ | ​ | 1,568
Total Revenue | ​ | ​ | 83,820 | ​ | ​ | 40,272 | ​ | ​ | 418 | ​ | ​ | — | ​ | ​ | 124,510
Depreciation | ​ |  | 13,429 | ​ | ​ | 5,193 | ​ | ​ | 188 | ​ | ​ | 1,301 | ​ |  | 20,111
Amortization of intangibles from acquisitions | ​ | ​ | 397 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 397
Non-cash stock-based compensation | ​ |  | 37 | ​ | ​ | 15 | ​ | ​ | 22 | ​ | ​ | 1,262 | ​ |  | 1,336
Operating income (loss) | ​ |  | 13,116 | ​ | ​ | (534) | ​ | ​ | (662) | ​ | ​ | (8,571) | ​ |  | 3,349
​
| (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 March 31, 2022 and December 31, 2021 consists of the following (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ | ​ |  | ​ |  | ​ | ​ |  | ​ |  |  | ​ | ​
​ | ​ | International | ​ | US | ​ | Renewable | ​ | Corporate and | ​ | ​ | ​
​ | ​ | Telecom | ​ | Telecom | ​ | Energy | ​ | Other (1) | ​ | Consolidated
March 31, 2022 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash, cash equivalents, and short term investments | ​ | $ | 40,101 | ​ | $ | 29,285 | ​ | $ | 705 | ​ | $ | 5,957 | ​ | $ | 76,048
Total current assets | ​ | ​ | 105,551 | ​ | ​ | 108,779 | ​ | ​ | 3,653 | ​ | ​ | 2,858 | ​ | ​ | 220,841
Fixed assets, net | ​ | ​ | 448,064 | ​ | ​ | 476,491 | ​ | ​ | — | ​ | ​ | 9,320 | ​ | ​ | 933,875
Goodwill | ​ |  | 4,835 | ​ |  | 35,269 | ​ |  | — | ​ |  | — | ​ | ​ | 40,104
Total assets | ​ |  | 623,497 | ​ |  | 868,338 | ​ |  | 17,053 | ​ |  | 81,819 | ​ | ​ | 1,590,707
Total current liabilities | ​ | ​ | 80,857 | ​ | ​ | 87,434 | ​ | ​ | 356 | ​ | ​ | 16,079 | ​ | ​ | 184,726
Total debt | ​ | ​ | 63,342 | ​ | ​ | 259,159 | ​ | ​ | — | ​ | ​ | 71,500 | ​ | ​ | 394,001
December 31, 2021 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash, cash equivalents, and short term investments | ​ | $ | 43,128 | ​ | $ | 28,486 | ​ | $ | 659 | ​ | $ | 7,628 | ​ | $ | 79,901
Total current assets | ​ | ​ | 108,677 | ​ | ​ | 111,741 | ​ | ​ | 3,585 | ​ | ​ | 8,614 | ​ | ​ | 232,617
Fixed assets, net | ​ | ​ | 452,856 | ​ | ​ | 480,250 | ​ | ​ | — | ​ | ​ | 10,103 | ​ | ​ | 943,209
Goodwill | ​ |  | 4,835 | ​ |  | 35,269 | ​ |  | — | ​ |  | — | ​ | ​ | 40,104
Total assets | ​ |  | 630,515 | ​ |  | 877,041 | ​ |  | 17,481 | ​ |  | 83,567 | ​ | ​ | 1,608,604
Total current liabilities | ​ | ​ | 91,090 | ​ | ​ | 108,950 | ​ | ​ | 356 | ​ | ​ | 20,548 | ​ | ​ | 220,944
Total debt | ​ | ​ | 64,243 | ​ | ​ | 240,802 | ​ | ​ | — | ​ | ​ | 61,499 | ​ | ​ | 366,544
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Capital Expenditures
​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
​ | ​ | ​ | International | ​ | ​ | US | ​ | ​ | Corporate and | ​ | ​ | ​
Three months ended March 31, | ​ | ​ | Telecom | ​ | ​ | Telecom | ​ | ​ | Other (1) | ​ | ​ | Consolidated
2022 | ​ | $ | 15,170 | ​ | $ | 19,095 | ​ | $ | 203 | ​ | $ | 34,468
2021 | ​ | ​ | 10,506 | ​ | ​ | 14,939 | ​ | ​ | 235 | ​ | ​ | 25,680
​
| (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/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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