| Schedule of Segment Reporting Information, by Segment |
Summarized financial information for our reportable segments for the years ended December 31, 2016, 2015 and 2014 follows (amounts in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
Wireless |
|
Wireline |
|
Total Reportable Segments |
2016 |
|
|
|
|
|
Revenues |
|
|
|
|
|
Wholesale |
$ |
208,109 |
|
|
— |
|
|
208,109 |
|
Consumer |
— |
|
|
340,460 |
|
|
340,460 |
|
Business services |
— |
|
|
385,243 |
|
|
385,243 |
|
Total |
208,109 |
|
|
725,703 |
|
|
933,812 |
|
|
|
|
|
|
|
Cost of Goods Sold |
62,487 |
|
|
240,091 |
|
|
302,578 |
|
Contribution |
145,622 |
|
|
485,612 |
|
|
631,234 |
|
Less SG&A |
(16,439 |
) |
|
(341,917 |
) |
|
(358,356 |
) |
Plus share-based compensation expense |
— |
|
|
11,043 |
|
|
11,043 |
|
Plus imputed interest on financed devices |
— |
|
|
2,557 |
|
|
2,557 |
|
Plus accretion expense |
252 |
|
|
977 |
|
|
1,229 |
|
Other |
— |
|
|
337 |
|
|
337 |
|
Adjusted EBITDA |
$ |
129,435 |
|
|
158,609 |
|
|
288,044 |
|
|
|
|
|
|
|
Capital expenditures |
$ |
34,555 |
|
|
159,923 |
|
|
194,478 |
|
Goodwill |
$ |
164,312 |
|
|
74,951 |
|
|
239,263 |
|
Total assets |
$ |
601,796 |
|
|
1,464,143 |
|
|
2,065,939 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Wireless |
|
Wireline |
|
Total Reportable Segments |
2015 |
|
|
|
|
|
Revenues |
|
|
|
|
|
Wholesale |
$ |
267,676 |
|
|
— |
|
|
267,676 |
|
Consumer |
— |
|
|
351,196 |
|
|
351,196 |
|
Business services |
— |
|
|
359,662 |
|
|
359,662 |
|
Total |
267,676 |
|
|
710,858 |
|
|
978,534 |
|
|
|
|
|
|
|
Cost of Good 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 imputed interest on financed devices |
— |
|
|
751 |
|
|
751 |
|
Plus accretion expense |
559 |
|
|
562 |
|
|
1,121 |
|
Other expense |
— |
|
|
(240 |
) |
|
(240 |
) |
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 |
|
|
1,372,690 |
|
|
1,966,940 |
|
|
|
|
|
|
|
2014 |
|
|
|
|
|
|
|
|
Revenues |
|
|
|
|
|
Wholesale |
$ |
269,977 |
|
|
— |
|
|
269,977 |
|
Consumer |
— |
|
|
288,014 |
|
|
288,014 |
|
Business Services |
— |
|
|
352,207 |
|
|
352,207 |
|
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 |
|
|
1,367,344 |
|
|
1,992,761 |
|
|
| Reconciliation of Operating Profit (Loss) from Segments to Consolidated |
A reconciliation of consolidated income (loss) before income taxes to reportable segment Adjusted EBITDA follows (amounts in thousands):
|
|
|
|
|
|
|
|
|
|
|
Years Ended December 31, |
2016 |
|
2015 |
|
2014 |
Consolidated income (loss) before income taxes |
$ |
1,069 |
|
|
(27,713 |
) |
|
69,273 |
|
Plus other expense, net |
78,034 |
|
|
133,924 |
|
|
74,289 |
|
Consolidated operating income |
79,103 |
|
|
106,211 |
|
|
143,562 |
|
Plus depreciation and amortization expense |
193,775 |
|
|
181,767 |
|
|
170,285 |
|
Plus share-based compensation expense |
11,043 |
|
|
10,902 |
|
|
8,392 |
|
Plus imputed interest on financed devices |
2,557 |
|
|
751 |
|
|
— |
|
Plus accretion expense |
1,229 |
|
|
1,121 |
|
|
1,249 |
|
Plus software impairment charge |
— |
|
|
29,839 |
|
|
— |
|
Other |
337 |
|
|
(240 |
) |
|
(372 |
) |
Reportable segment Adjusted EBITDA |
$ |
288,044 |
|
|
330,351 |
|
|
323,116 |
|
|