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Operating Segment and Related Information
 3 Months Ended
Mar. 31, 2021
Segment Reporting [Abstract]  
Operating Segment and Related Information
17. Operating Segment and Related Information

The Company currently has one primary reportable geographic segment - United States. The Company has four reportable operating segments, plus our Other segment, based on management’s organization of the enterprise - Infrastructure, Life Sciences, Spectrum, Insurance, and Other. We also have included a Non-operating Corporate segment. All inter-segment revenues are eliminated.

As a result of the sale of GMSL, ICS, and Beyond6, and in accordance with ASC 280, the Company no longer considers the results of operations and balance sheets of these entities and related subsidiaries as separate segments. Formerly part of the Marine Services, Telecommunications, and Clean Energy segments, these entities and the investment in HMN have been reclassified to the Other segment. In addition, as GMSL, ICS, Beyond6, and CIG are discontinued operations, all operating results of these entities have been reclassified to discontinued operations. This has been reflected in the tables below for both the current and historical periods presented.

Summary information with respect to the Company’s operating segments is as follows (in millions):

 Three Months Ended March 31,
 20212020
Revenue
Infrastructure
$161.3 $176.5 
Spectrum10.5 10.1 
Total revenue$171.8 $186.6 

 Three Months Ended March 31,
 20212020
Loss (income) from operations
Infrastructure
$2.2 $2.6 
Life Sciences(4.8)(3.2)
Spectrum(1.2)(2.9)
Other(0.4)(1.0)
Non-operating Corporate(6.7)(9.1)
Total loss from operations$(10.9)$(13.6)

A reconciliation of the Company's consolidated segment operating income to consolidated earnings before income taxes is as follows (in millions):
 Three Months Ended March 31,
 20212020
Loss from operations$(10.9)$(13.6)
Interest expense(21.4)(19.2)
Loss on early extinguishment or restructuring of debt(10.8)(5.8)
Loss from equity investees(2.1)(2.5)
Other income3.4 1.5 
Loss from continuing operations before income taxes(41.8)(39.6)
Income tax (expense) benefit(1.1)9.7 
Loss from continuing operations(42.9)(29.9)
Income (loss) from discontinued operations (including gain on disposal of $40.4 million and loss on disposal of $39.3 million for the three months ended March 31, 2021 and 2020, respectively)
51.9 (71.1)
Net income (loss)9.0 (101.0)
Net income (loss) attributable to noncontrolling interest and redeemable noncontrolling interest3.6 17.9 
Net income (loss) attributable to HC2 Holdings, Inc.12.6 (83.1)
Less: Preferred dividends and deemed dividends from conversions0.4 0.4 
Net income (loss) attributable to common stock and participating preferred stockholders$12.2 $(83.5)

 Three Months Ended March 31,
 20212020
Depreciation and Amortization
Infrastructure
$2.4 $2.6 
Spectrum1.5 1.7 
Total$3.9 $4.3 
 Three Months Ended March 31,
 20212020
Capital Expenditures (*)
Infrastructure
$1.6 $2.3 
Life Sciences0.2 — 
Spectrum1.4 2.7 
Non-operating Corporate— — 
Total$3.2 $5.0 
(*) The above capital expenditures exclude assets acquired under terms of capital lease and vendor financing obligations.

March 31,
2021		December 31,
2020
 
Investments
Infrastructure
$0.9 $0.9 
Life Sciences16.9 18.4 
Other34.9 36.1 
Total$52.7 $55.4 

March 31,
2021		December 31,
2020
 
Total Assets
Infrastructure
$503.1 $494.8 
Life Sciences26.0 21.4 
Spectrum209.7 213.6 
Insurance5,627.0 5,854.0 
Other38.8 167.3 
Non-operating Corporate41.4 30.1 
Eliminations(40.0)(38.4)
Total$6,406.0 $6,742.8