XML 47 R36.htm IDEA: XBRL DOCUMENT

SEGMENT REPORTING (Tables)

9 Months Ended

Sep. 30, 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 September 30, 2024

		International			US			Corporate and
		Telecom			Telecom			Other (1)			Consolidated
Revenue
Communication Services
Mobility - Business		$	5,007		$	68		$	—		$	5,075
Mobility - Consumer			21,802			638			—			22,440
Total Mobility			26,809			706			—			27,515
Fixed - Business			18,692			29,576			—			48,268
Fixed - Consumer			43,067			21,440			—			64,507
Total Fixed			61,759			51,016			—			112,775
Carrier Services			3,272			29,430			—			32,702
Other			1,175			255			—			1,430
Total Communication Services Revenue			93,015			81,407			—			174,422
Construction			—			203			—			203
Other
Managed Services			1,266			2,560			—			3,826
Total other revenue			1,266			2,560			—			3,826
Total Revenue			94,281			84,170			—			178,451
Depreciation and amortization			18,414			18,681			204			37,299
Amortization of intangibles from acquisitions			251			1,740			—			1,991
Stock-based compensation			102			157			1,572			1,831
Goodwill impairment			—			35,269			—			35,269
Operating income (loss)			12,853			(44,333)			(6,878)			(38,358)

(1)

Corporate and other items refer to corporate overhead costs and consolidating adjustments.


For the Three Months Ended September 30, 2023

		International			US			Corporate and
		Telecom			Telecom			Other (1)			Consolidated
Revenue
Communication Services
Mobility - Business		$	3,818		$	128		$	—		$	3,946
Mobility - Consumer			23,973			817			—			24,790
Total Mobility			27,791			945			—			28,736
Fixed - Business			18,016			35,680			—			53,696
Fixed - Consumer			41,967			22,662			—			64,629
Total Fixed			59,983			58,342			—			118,325
Carrier Services			3,441			32,319			—			35,760
Other			1,236			544			—			1,780
Total Communication Services Revenue			92,451			92,150			—			184,601
Construction			—			2,038			—			2,038
Other
Managed Services			1,427			2,970			—			4,397
Total Other Revenue			1,427			2,970			—			4,397
Total Revenue			93,878			97,158			—			191,036
Depreciation and amortization			14,354			19,398			618			34,370
Amortization of intangibles from acquisitions			240			2,884			—			3,124
Stock-based compensation			130			23			1,803			1,956
Operating income (loss)			12,800			3,017			(8,981)			6,836

(1)

Corporate and other items refer to corporate overhead costs and consolidating adjustments.


For the Nine Months Ended September 30, 2024

		International			US			Corporate and
		Telecom			Telecom			Other (1)			Consolidated
Revenue
Communication Services
Mobility - Business		$	14,747		$	209		$	—		$	14,956
Mobility - Consumer			64,910			2,103			—			67,013
Total Mobility			79,657			2,312			—			81,969
Fixed - Business			55,939			95,359			—			151,298
Fixed - Consumer			129,356			66,033			—			195,389
Total Fixed			185,295			161,392			—			346,687
Carrier Services			10,481			89,539			—			100,020
Other			3,038			1,341			—			4,379
Total Communication Services Revenue			278,471			254,584			—			533,055
Construction			—			2,609			—			2,609
Other
Managed Services			4,226			8,637			—			12,863
Total Other Revenue			4,226			8,637			—			12,863
Total Revenue			282,697			265,830			—			548,527
Depreciation and amortization			50,814			56,052			330			107,196
Amortization of intangibles from acquisitions			754			5,162			—			5,916
Stock-based compensation			319			483			5,719			6,521
Goodwill impairment			—			35,269			—			35,269
Operating income (loss)			56,944			(42,852)			(23,559)			(9,467)

(1)

Corporate and other items refer to corporate overhead costs and consolidating adjustments.


For the Nine Months Ended September 30, 2023

		International			US			Corporate and
		Telecom			Telecom			Other (1)			Consolidated
Revenue
Communication Services
Mobility - Business		$	11,484		$	415		$	—		$	11,899
Mobility - Consumer			69,270			2,666			—			71,936
Total Mobility			80,754			3,081			—			83,835
Fixed - Business			52,602			107,494			—			160,096
Fixed - Consumer			125,944			67,852			—			193,796
Total Fixed			178,546			175,346			—			353,892
Carrier Services			11,011			95,978			—			106,989
Other			2,084			684			—			2,768
Total Communication Services Revenue			272,395			275,089			—			547,484
Construction			—			3,648			—			3,648
Other
Managed Services			3,872			8,246			—			12,118
Total other revenue			3,872			8,246			—			12,118
Total Revenue			276,267			286,983			—			563,250
Depreciation and amortization			42,646			62,315			2,030			106,991
Amortization of intangibles from acquisitions			984			8,530			—			9,514
Stock-based compensation			307			109			6,057			6,473
Operating income (loss)			41,177			(3,719)			(27,547)			9,911

(1)

Corporate and other items refer to corporate overhead costs and consolidating adjustments.

Schedule of selected balance sheet data for each segment

Selected balance sheet data for each of the Company’s segments as of September 30, 2024 and December 31, 2023 consists of the following (in thousands):


		International			US			Corporate and
		Telecom			Telecom			Other			Consolidated
September 30, 2024
Cash, cash equivalents, and restricted cash		$	52,043		$	62,772		$	1,949		$	116,764
Total current assets			149,987			167,440			8,179			325,606
Fixed assets, net			468,559			573,997			6,446			1,049,002
Goodwill			4,835			—			—			4,835
Total assets			695,127			967,028			89,226			1,751,381
Total current liabilities			96,384			140,689			31,357			268,430
Total debt, including current portion			59,825			316,672			192,409			568,906
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
Nine months ended September 30,			Telecom			Telecom			Other (1)			Consolidated
2024		$	39,440		$	116,220		$	1,861		$	157,521
2023			57,610			83,291			—			140,901

(1)

Corporate and other items refer to corporate overhead costs and consolidating adjustments.