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SEGMENT REPORTING (Tables) | 3 Months Ended
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Mar. 31, 2024
SEGMENT REPORTING |
Schedule of information for each operating segment | The following tables provide information for each operating segment (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
For the Three Months Ended March 31, 2024
​ |  | ​ | ​ |  | ​ |  | ​ | ​ | ​ | ​ | ​
​ | ​ | International | ​ | US | ​ | Corporate and | ​ | ​ | ​
​ | ​ | Telecom | ​ | Telecom | ​ | Other (1) | ​ | Consolidated
Revenue | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Communication Services | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Mobility - Business | ​ | $ | 4,808 | ​ | $ | 74 | ​ | $ | — | ​ | $ | 4,882
Mobility - Consumer | ​ | ​ | 21,229 | ​ | ​ | 764 | ​ | ​ | — | ​ | ​ | 21,993
Total Mobility | ​ | ​ | 26,037 | ​ | ​ | 838 | ​ | ​ | — | ​ | ​ | 26,875
Fixed - Business | ​ | ​ | 18,532 | ​ | ​ | 34,965 | ​ | ​ | — | ​ | ​ | 53,497
Fixed - Consumer | ​ | ​ | 42,789 | ​ | ​ | 22,919 | ​ | ​ | — | ​ | ​ | 65,708
Total Fixed | ​ | ​ | 61,321 | ​ |  | 57,884 | ​ |  | — | ​ |  | 119,205
Carrier Services | ​ | ​ | 3,574 | ​ | ​ | 30,052 | ​ | ​ | — | ​ | ​ | 33,626
Other | ​ |  | 818 | ​ | ​ | 744 | ​ | ​ | — | ​ | ​ | 1,562
Total Communication Services Revenue | ​ |  | 91,750 | ​ | ​ | 89,518 | ​ | ​ | — | ​ | ​ | 181,268
Construction | ​ | ​ | — | ​ | ​ | 1,586 | ​ | ​ | — | ​ | ​ | 1,586
Other | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Managed Services | ​ | ​ | 1,309 | ​ | ​ | 2,631 | ​ | ​ | — | ​ | ​ | 3,940
Total other revenue | ​ | ​ | 1,309 | ​ | ​ | 2,631 | ​ | ​ | — | ​ | ​ | 3,940
Total Revenue | ​ | ​ | 93,059 | ​ | ​ | 93,735 | ​ | ​ | — | ​ | ​ | 186,794
Depreciation and amortization | ​ |  | 16,124 | ​ |  | 18,138 | ​ |  | 78 | ​ |  | 34,340
Amortization of intangibles from acquisitions | ​ | ​ | 251 | ​ | ​ | 1,729 | ​ | ​ | — | ​ | ​ | 1,980
Non-cash stock-based compensation | ​ |  | 23 | ​ |  | 132 | ​ |  | 1,754 | ​ |  | 1,909
Operating income (loss) | ​ |  | 11,685 | ​ |  | 597 | ​ |  | (7,708) | ​ |  | 4,574
​ ​ ​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
For the Three Months Ended March 31, 2023
​ |  | ​ | ​ |  |  |  | ​ | ​ |  | ​ | ​
​ | ​ | International | ​ | US | ​ | Corporate and | ​ | ​ | ​
​ | ​ | Telecom | ​ | Telecom | ​ | Other (1) | ​ | Consolidated
Revenue | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Communication Services | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Mobility - Business | ​ | $ | 3,575 | ​ | $ | 172 | ​ | $ | — | ​ | $ | 3,747
Mobility - Consumer | ​ | ​ | 22,532 | ​ | ​ | 987 | ​ | ​ | — | ​ | ​ | 23,519
Total Mobility | ​ | ​ | 26,107 | ​ | ​ | 1,159 | ​ | ​ | — | ​ | ​ | 27,266
Fixed - Business | ​ | ​ | 17,113 | ​ | ​ | 36,320 | ​ | ​ | — | ​ | ​ | 53,433
Fixed - Consumer | ​ | ​ | 41,778 | ​ | ​ | 22,582 | ​ | ​ | — | ​ | ​ | 64,360
Total Fixed | ​ | ​ | 58,891 | ​ | ​ | 58,902 | ​ | ​ | — | ​ | ​ | 117,793
Carrier Services | ​ | ​ | 3,690 | ​ | ​ | 32,084 | ​ | ​ | — | ​ | ​ | 35,774
Other | ​ |  | 400 | ​ | ​ | 75 | ​ | ​ | — | ​ | ​ | 475
Total Communication Services Revenue | ​ |  | 89,088 | ​ | ​ | 92,220 | ​ | ​ | — | ​ | ​ | 181,308
Construction | ​ | ​ | — | ​ | ​ | 590 | ​ | ​ | — | ​ | ​ | 590
Other | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Managed Services | ​ | ​ | 1,320 | ​ | ​ | 2,556 | ​ | ​ | — | ​ | ​ | 3,876
Total Other Revenue | ​ | ​ | 1,320 | ​ | ​ | 2,556 | ​ | ​ | — | ​ | ​ | 3,876
Total Revenue | ​ | ​ | 90,408 | ​ | ​ | 95,366 | ​ | ​ | — | ​ | ​ | 185,774
Depreciation | ​ |  | 14,186 | ​ | ​ | 21,487 | ​ | ​ | 731 | ​ |  | 36,404
Amortization of intangibles from acquisitions | ​ | ​ | 380 | ​ | ​ | 2,867 | ​ | ​ | — | ​ | ​ | 3,247
Non-cash stock-based compensation | ​ |  | 67 | ​ | ​ | 77 | ​ | ​ | 1,634 | ​ |  | 1,778
Operating income (loss) | ​ |  | 13,825 | ​ | ​ | (4,342) | ​ | ​ | (8,847) | ​ |  | 636
​ ​
Schedule of selected balance sheet data for each segment | Selected balance sheet data for each of the Company’s segments as of March 31, 2024 and December 31, 2023 consists of the following (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | International | ​ | US | ​ | Corporate and | ​ | ​ | ​
​ | ​ | Telecom | ​ | Telecom | ​ | Other | ​ | Consolidated
March 31, 2024 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash, cash equivalents, and restricted cash | ​ | $ | 35,369 | ​ | $ | 32,288 | ​ | $ | 1,561 | ​ | $ | 69,218
Total current assets | ​ | ​ | 121,262 | ​ | ​ | 157,318 | ​ | ​ | 11,147 | ​ | ​ | 289,727
Fixed assets, net | ​ | ​ | 479,325 | ​ | ​ | 585,979 | ​ | ​ | 6,178 | ​ | ​ | 1,071,482
Goodwill | ​ |  | 4,835 | ​ |  | 35,269 | ​ |  | — | ​ | ​ | 40,104
Total assets | ​ |  | 679,591 | ​ |  | 1,006,960 | ​ |  | 92,603 | ​ | ​ | 1,779,154
Total current liabilities | ​ | ​ | 87,986 | ​ | ​ | 155,274 | ​ | ​ | 30,357 | ​ | ​ | 273,617
Total debt, including current portion | ​ | ​ | 59,776 | ​ | ​ | 295,996 | ​ | ​ | 185,519 | ​ | ​ | 541,291
December 31, 2023 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash, cash equivalents, and restricted cash | ​ | $ | 26,354 | ​ | $ | 33,574 | ​ | $ | 2,239 | ​ | $ | 62,167
Total current assets | ​ | ​ | 107,469 | ​ | ​ | 162,768 | ​ | ​ | 11,035 | ​ | ​ | 281,272
Fixed assets, net | ​ | ​ | 481,911 | ​ | ​ | 593,833 | ​ | ​ | 4,915 | ​ | ​ | 1,080,659
Goodwill | ​ |  | 4,836 | ​ |  | 35,268 | ​ |  | — | ​ | ​ | 40,104
Total assets | ​ |  | 672,171 | ​ |  | 1,019,924 | ​ |  | 91,619 | ​ | ​ | 1,783,714
Total current liabilities | ​ | ​ | 86,540 | ​ | ​ | 169,297 | ​ | ​ | 37,357 | ​ | ​ | 293,194
Total debt, including current portion | ​ | ​ | 64,254 | ​ | ​ | 293,607 | ​ | ​ | 159,009 | ​ | ​ | 516,870
Schedule of segment capital expenditures | The following notes the Company’s capital expenditures, by operating segment, for these periods (in thousands). ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Capital Expenditures
​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
​ | ​ | ​ | International | ​ | ​ | US | ​ | ​ | Corporate and | ​ | ​ | ​
Three months ended March 31, | ​ | ​ | Telecom | ​ | ​ | Telecom | ​ | ​ | Other (1) | ​ | ​ | Consolidated
2024 | ​ | $ | 16,915 | ​ | $ | 31,233 | ​ | $ | 1,341 | ​ | $ | 49,489
2023 | ​ | ​ | 21,464 | ​ | ​ | 31,261 | ​ | ​ | — | ​ | ​ | 52,725
​
| (1) | Corporate and other items refer to corporate overhead costs and consolidating adjustments

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