| Schedule of Segment Reporting Information, by Segment |
Summarized financial information for our reportable segments for the years ended December 31, 2015, 2014 and 2013 follows (amounts in thousands):
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|
|
|
|
|
|
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|
Wireless |
|
Wireline |
|
Total Reportable Segments |
2015 |
|
|
|
|
|
Revenues |
|
|
|
|
|
Wholesale |
$ |
267,676 |
|
|
— |
|
|
267,676 |
|
Consumer |
— |
|
|
351,196 |
|
|
351,196 |
|
Business Services |
— |
|
|
209,975 |
|
|
209,975 |
|
Managed Broadband |
— |
|
|
149,687 |
|
|
149,687 |
|
Total |
267,676 |
|
|
710,858 |
|
|
978,534 |
|
|
|
|
|
|
|
Cost of Goods Sold |
70,899 |
|
|
251,439 |
|
|
322,338 |
|
Contribution |
196,777 |
|
|
459,419 |
|
|
656,196 |
|
Less SG&A |
(18,137 |
) |
|
(320,242 |
) |
|
(338,379 |
) |
Plus share-based compensation expense |
— |
|
|
10,902 |
|
|
10,902 |
|
Plus accretion expense |
559 |
|
|
562 |
|
|
1,121 |
|
Other |
— |
|
|
511 |
|
|
511 |
|
Adjusted EBITDA |
$ |
179,199 |
|
|
151,152 |
|
|
330,351 |
|
|
|
|
|
|
|
Capital expenditures |
$ |
47,892 |
|
|
128,343 |
|
|
176,235 |
|
Goodwill |
$ |
164,312 |
|
|
74,951 |
|
|
239,263 |
|
Total assets |
$ |
594,250 |
|
|
1,388,058 |
|
|
1,982,308 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Wireless |
|
Wireline |
|
Total Reportable Segments |
2014 |
|
|
|
|
|
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 Good 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 expense |
— |
|
|
(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 |
|
|
1,376,961 |
|
|
2,002,378 |
|
|
|
|
|
|
|
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 |
|
|
180,554 |
|
Goodwill |
$ |
155,445 |
|
|
63,596 |
|
|
219,041 |
|
Total assets |
$ |
624,740 |
|
|
1,347,314 |
|
|
1,972,054 |
|
|
| Reconciliation of Operating Profit (Loss) from Segments to Consolidated |
A reconciliation of reportable segment Adjusted EBITDA to consolidated income (loss) before income taxes follows (amounts in thousands):
|
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|
|
|
|
|
|
|
|
|
Years Ended December 31, |
2015 |
|
2014 |
|
2013 |
Reportable segment Adjusted EBITDA |
$ |
330,351 |
|
|
323,116 |
|
|
267,283 |
|
Less depreciation and amortization expense |
(181,767 |
) |
|
(170,285 |
) |
|
(147,259 |
) |
Less software impairment charge |
(29,839 |
) |
|
— |
|
|
— |
|
Less share-based compensation expense |
(10,902 |
) |
|
(8,392 |
) |
|
(6,638 |
) |
Less accretion expense |
(1,121 |
) |
|
(1,249 |
) |
|
(77 |
) |
Other |
(511 |
) |
|
372 |
|
|
(447 |
) |
Consolidated operating income |
106,211 |
|
|
143,562 |
|
|
112,862 |
|
Less other expense, net |
(133,924 |
) |
|
(74,289 |
) |
|
(70,178 |
) |
Consolidated income (loss) before income taxes |
$ |
(27,713 |
) |
|
69,273 |
|
|
42,684 |
|
|