| Schedule of Segment Reporting Information, by Segment |
Summarized financial information for our reportable segments for the years ended December 31, 2014, 2013 and 2012 follows (amounts in thousands):
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Wireless |
|
Wireline |
|
Total Reportable Segments |
2014 |
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|
|
|
|
Revenues |
|
|
|
|
|
Wholesale |
$ |
269,977 |
|
|
— |
|
|
269,977 |
|
Consumer |
— |
|
|
288,014 |
|
|
288,014 |
|
Business Services |
— |
|
|
225,963 |
|
|
225,963 |
|
Managed Broadband |
— |
|
|
126,244 |
|
|
126,244 |
|
Total |
269,977 |
|
|
640,221 |
|
|
910,198 |
|
|
|
|
|
|
|
Cost of Goods Sold |
90,920 |
|
|
211,784 |
|
|
302,704 |
|
Contribution |
179,057 |
|
|
428,437 |
|
|
607,494 |
|
Less SG&A |
21,631 |
|
|
272,016 |
|
|
293,647 |
|
Plus share-based compensation expense |
— |
|
|
8,392 |
|
|
8,392 |
|
Plus accretion expense |
733 |
|
|
516 |
|
|
1,249 |
|
Other |
— |
|
|
(372 |
) |
|
(372 |
) |
Adjusted EBITDA |
$ |
158,159 |
|
|
164,957 |
|
|
323,116 |
|
|
|
|
|
|
|
Capital expenditures |
$ |
30,243 |
|
|
145,866 |
|
|
176,109 |
|
Goodwill |
$ |
164,312 |
|
|
65,248 |
|
|
229,560 |
|
Total assets |
$ |
625,417 |
|
|
1,433,081 |
|
|
2,058,498 |
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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 Good 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 accretion expense |
507 |
|
|
(430 |
) |
|
77 |
|
Other expense |
— |
|
|
447 |
|
|
447 |
|
Adjusted EBITDA |
$ |
109,609 |
|
|
157,674 |
|
|
267,283 |
|
|
|
|
|
|
|
Capital expenditures |
$ |
28,156 |
|
|
152,398 |
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|
180,554 |
|
Goodwill |
$ |
155,445 |
|
|
63,596 |
|
|
219,041 |
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Total assets |
$ |
624,740 |
|
|
1,387,067 |
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|
2,011,807 |
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|
|
|
|
|
|
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 |
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|
| 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, |
2014 |
|
2013 |
|
2012 |
Reportable segment Adjusted EBITDA |
$ |
323,116 |
|
|
267,283 |
|
|
226,809 |
|
Less depreciation and amortization expense |
(170,285 |
) |
|
(147,259 |
) |
|
(130,452 |
) |
Less share-based compensation expense |
(8,392 |
) |
|
(6,638 |
) |
|
(5,040 |
) |
Less non-cash contribution expense |
— |
|
|
— |
|
|
(960 |
) |
Less accretion expense |
(1,249 |
) |
|
(77 |
) |
|
(508 |
) |
Other |
372 |
|
|
(447 |
) |
|
(869 |
) |
Consolidated operating income |
143,562 |
|
|
112,862 |
|
|
88,980 |
|
Less other expense, net |
(74,289 |
) |
|
(70,178 |
) |
|
(67,730 |
) |
Consolidated income before income tax expense |
$ |
69,273 |
|
|
42,684 |
|
|
21,250 |
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|