| Schedule of Segment Reporting Information, by Segment |
Summarized financial information for our reportable segments for the years ended December 31, 2013, 2012 and 2011 follows (amounts in thousands):
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|
|
|
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|
Wireless |
|
Wireline |
|
Total Reportable Segments |
2013 |
|
|
|
|
|
Revenues |
|
|
|
|
|
Wholesale |
$ |
197,218 |
|
|
— |
|
|
197,218 |
|
Consumer |
— |
|
|
274,805 |
|
|
274,805 |
|
Business Services |
— |
|
|
222,814 |
|
|
222,814 |
|
Managed Broadband |
— |
|
|
116,811 |
|
|
116,811 |
|
Total |
197,218 |
|
|
614,430 |
|
|
811,648 |
|
|
|
|
|
|
|
Cost of Goods Sold |
68,086 |
|
|
212,376 |
|
|
280,462 |
|
Contribution |
129,132 |
|
|
402,054 |
|
|
531,186 |
|
Less SG&A |
20,030 |
|
|
251,035 |
|
|
271,065 |
|
Plus share-based compensation expense |
— |
|
|
6,638 |
|
|
6,638 |
|
Plus (less) accretion expense |
507 |
|
|
(430 |
) |
|
77 |
|
Other expense |
— |
|
|
447 |
|
|
447 |
|
Adjusted EBITDA |
$ |
109,609 |
|
|
157,674 |
|
|
267,283 |
|
|
|
|
|
|
|
Capital expenditures |
$ |
28,156 |
|
|
152,398 |
|
|
180,554 |
|
Goodwill |
$ |
155,445 |
|
|
63,596 |
|
|
219,041 |
|
Total assets |
$ |
624,740 |
|
|
1,387,067 |
|
|
2,011,807 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Wireless |
|
Wireline |
|
Total Reportable Segments |
2012 |
|
|
|
|
|
Revenues |
|
|
|
|
|
Wholesale |
$ |
124,745 |
|
|
— |
|
|
124,745 |
|
Consumer |
— |
|
|
269,357 |
|
|
269,357 |
|
Business Services |
— |
|
|
207,892 |
|
|
207,892 |
|
Managed Broadband |
— |
|
|
108,187 |
|
|
108,187 |
|
Total |
124,745 |
|
|
585,436 |
|
|
710,181 |
|
|
|
|
|
|
|
Cost of Good Sold |
58,737 |
|
|
188,764 |
|
|
247,501 |
|
Contribution |
66,008 |
|
|
396,672 |
|
|
462,680 |
|
Less SG&A |
15,475 |
|
|
227,773 |
|
|
243,248 |
|
Plus share-based compensation expense |
— |
|
|
5,040 |
|
|
5,040 |
|
Plus non-cash contribution expense |
— |
|
|
960 |
|
|
960 |
|
Plus accretion expense |
269 |
|
|
239 |
|
|
508 |
|
Other expense |
— |
|
|
869 |
|
|
869 |
|
Adjusted EBITDA |
$ |
50,802 |
|
|
176,007 |
|
|
226,809 |
|
|
|
|
|
|
|
2011 |
|
|
|
|
|
|
|
|
Revenues |
|
|
|
|
|
Wholesale |
$ |
119,521 |
|
|
— |
|
|
119,521 |
|
Consumer |
— |
|
|
266,750 |
|
|
266,750 |
|
Business Services |
— |
|
|
207,860 |
|
|
207,860 |
|
Managed Broadband |
— |
|
|
85,250 |
|
|
85,250 |
|
Total |
119,521 |
|
|
559,860 |
|
|
679,381 |
|
|
|
|
|
|
|
Cost of Good Sold |
42,687 |
|
|
184,712 |
|
|
227,399 |
|
Contribution |
76,834 |
|
|
375,148 |
|
|
451,982 |
|
Less SG&A |
14,868 |
|
|
220,653 |
|
|
235,521 |
|
Plus share-based compensation expense |
— |
|
|
6,620 |
|
|
6,620 |
|
Plus accretion expense |
349 |
|
|
270 |
|
|
619 |
|
Other expense |
— |
|
|
(59 |
) |
|
(59 |
) |
Adjusted EBITDA |
$ |
62,315 |
|
|
161,326 |
|
|
223,641 |
|
|
| Reconciliation of Operating Profit (Loss) from Segments to Consolidated |
A reconciliation of reportable segment Adjusted EBITDA to consolidated income before income taxes follows (amounts in thousands):
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|
Years Ended December 31, |
2013 |
|
2012 |
|
2011 |
Reportable segment Adjusted EBITDA |
$ |
267,283 |
|
|
226,809 |
|
|
223,641 |
|
Less depreciation and amortization expense |
(147,259 |
) |
|
(130,452 |
) |
|
(125,937 |
) |
Less share-based compensation expense |
(6,638 |
) |
|
(5,040 |
) |
|
(6,620 |
) |
Less non-cash contribution expense |
— |
|
|
(960 |
) |
|
— |
|
Less accretion expense |
(77 |
) |
|
(508 |
) |
|
(619 |
) |
Other |
(447 |
) |
|
(869 |
) |
|
59 |
|
Consolidated operating income |
112,862 |
|
|
88,980 |
|
|
90,524 |
|
Less other expense, net |
(70,178 |
) |
|
(67,730 |
) |
|
(77,633 |
) |
Consolidated income before income tax expense |
$ |
42,684 |
|
|
21,250 |
|
|
12,891 |
|
|