• | AWN Transition Costs: During the first and second quarters of 2015 we had $7 million and $6 million in one-time transition costs that reduced adjusted EBITDA. There were no transition costs in the second quarter of 2014. |
• | Equipment Installment Plans: Beginning in the first quarter of 2015 GCI began aggressively promoting equipment installment plans on wireless handsets. These plans allow our customers to choose how frequently they would like to upgrade their handsets. However, moving a customer from the two-year contract device subsidy model to the equipment financing model does have a financial statement impact. Under the equipment finance model, the upfront handset revenue is higher and the monthly plan fee revenue is lower compared to the subsidy model. Thus, for the first couple of quarters as we move from the subsidy model to the equipment finance model the EBITDA will be substantially positively impacted by the equipment finance revenue. The equipment finance revenue was $4 million and $7 million in the first and second quarters of 2015 respectively. |
($ millions) | 2Q15 | 2Q14 | 1Q15 |
Wholesale Wireless | 21 | 25 | 21 |
Roaming and Backhaul | 34 | 30 | 24 |
USF Support | 13 | 14 | 14 |
Total Wireless Revenue | 68 | 69 | 59 |
• | Revenues are unchanged and in the range of $920 - 970 million. |
• | Adjusted EBITDA of $310 - $335 million. Previously this had been with the caveat that it would be less approximately $30 million in one-time transition costs. However, one-time transition expenses have totaled only $13 million thus far and are expected to be approximately $20 million for the year. Additionally, we are having good success with equipment installment plans which improved EBITDA by approximately $11 million on a year-to-date basis. |
• | Core capital expenditures are unchanged and will be approximately $170 million. |
GENERAL COMMUNICATION, INC. AND SUBSIDIARIES | ||||||
CONSOLIDATED BALANCE SHEETS | ||||||
(Unaudited) | ||||||
(Amounts in thousands) | ||||||
June 30, | December 31, | |||||
ASSETS | 2015 | 2014 | ||||
Current assets: | ||||||
Cash and cash equivalents | $ | 34,184 | 15,402 | |||
Receivables (including $0 and $27,944 from a related party at June 30, 2015 and December 31, 2014, respectively) | 182,337 | 212,441 | ||||
Less allowance for doubtful receivables | 5,860 | 4,542 | ||||
Net receivables | 176,477 | 207,899 | ||||
Deferred income taxes | 83,576 | 56,120 | ||||
Prepaid expenses | 14,317 | 12,179 | ||||
Inventories | 12,260 | 17,032 | ||||
Other current assets | 3,141 | 153 | ||||
Total current assets | 323,955 | 308,785 | ||||
Property and equipment in service, net of depreciation | 999,516 | 1,013,242 | ||||
Construction in progress | 85,578 | 99,240 | ||||
Net property and equipment | 1,085,094 | 1,112,482 | ||||
Goodwill | 237,817 | 229,560 | ||||
Cable certificates | 191,635 | 191,635 | ||||
Wireless licenses | 86,347 | 86,347 | ||||
Other intangible assets, net of amortization | 64,908 | 66,015 | ||||
Deferred loan and senior notes costs, net of amortization of $5,860 and $8,644 at June 30, 2015 and December 31, 2014, respectively | 17,141 | 10,949 | ||||
Other assets | 26,970 | 52,725 | ||||
Total other assets | 624,818 | 637,231 | ||||
Total assets | $ | 2,033,867 | 2,058,498 | |||
GENERAL COMMUNICATION, INC. AND SUBSIDIARIES | ||||||
CONSOLIDATED BALANCE SHEETS | ||||||
(Unaudited) | ||||||
(Continued) | ||||||
(Amounts in thousands) | ||||||
June 30, | December 31, | |||||
LIABILITIES AND STOCKHOLDERS’ EQUITY | 2015 | 2014 | ||||
Current liabilities: | ||||||
Current maturities of obligations under long-term debt and capital leases | $ | 11,747 | 8,722 | |||
Accounts payable (including $0 and $7,447 to a related party at June 30, 2015 and December 31, 2014, respectively) | 46,894 | 76,918 | ||||
Deferred revenue | 29,698 | 29,314 | ||||
Accrued payroll and payroll related obligations | 27,806 | 32,803 | ||||
Accrued liabilities | 19,307 | 14,457 | ||||
Accrued interest | 14,092 | 6,654 | ||||
Subscriber deposits | 1,493 | 1,212 | ||||
Total current liabilities | 151,037 | 170,080 | ||||
Long-term debt, net | 1,345,454 | 1,036,056 | ||||
Obligations under capital leases, excluding current maturities | 62,240 | 66,499 | ||||
Obligation under capital lease due to related party, excluding current maturity | 1,840 | 1,857 | ||||
Deferred income taxes | 202,386 | 187,872 | ||||
Long-term deferred revenue | 98,635 | 85,734 | ||||
Other liabilities | 72,467 | 43,178 | ||||
Total liabilities | 1,934,059 | 1,591,276 | ||||
Commitments and contingencies | ||||||
Stockholders’ equity: | ||||||
Common stock (no par): | ||||||
Class A. Authorized 100,000 shares; issued 36,280 and 37,998 shares at June 30, 2015 and December 31, 2014, respectively; outstanding 36,254 and 37,972 shares at June 30, 2015 and December 31, 2014, respectively | — | 13,617 | ||||
Class B. Authorized 10,000 shares; issued and outstanding 3,158 and 3,159 at June 30, 2015 and December 31, 2014, respectively; convertible on a share-per-share basis into Class A common stock | 2,667 | 2,668 | ||||
Less cost of 26 Class A common shares held in treasury at June 30, 2015 and December 31, 2014 | (249 | ) | (249 | ) | ||
Paid-in capital | (8,490 | ) | 26,773 | |||
Retained earnings | 71,520 | 124,547 | ||||
Total General Communication, Inc. stockholders' equity | 65,448 | 167,356 | ||||
Non-controlling interests | 34,360 | 299,866 | ||||
Total stockholders’ equity | 99,808 | 467,222 | ||||
Total liabilities and stockholders’ equity | $ | 2,033,867 | 2,058,498 |
GENERAL COMMUNICATION, INC. AND SUBSIDIARIES | ||||||||||||
CONSOLIDATED STATEMENTS OF OPERATIONS | ||||||||||||
(Unaudited) | ||||||||||||
Three Months Ended | Six Months Ended | |||||||||||
June 30, | June 30, | |||||||||||
(Amounts in thousands, except per share amounts) | 2015 | 2014 | 2015 | 2014 | ||||||||
Revenues: | ||||||||||||
Non-related party | $ | 247,528 | 210,236 | 473,334 | 410,739 | |||||||
Related party | — | 14,163 | 5,283 | 29,943 | ||||||||
Total revenues | 247,528 | 224,399 | 478,617 | 440,682 | ||||||||
Cost of goods sold (exclusive of depreciation and amortization shown separately below): | ||||||||||||
Non-related party | 79,256 | 69,707 | 153,143 | 138,850 | ||||||||
Related party | — | 2,675 | 881 | 5,306 | ||||||||
Total cost of goods sold | 79,256 | 72,382 | 154,024 | 144,156 | ||||||||
Selling, general and administrative expenses: | ||||||||||||
Non-related party | 83,047 | 68,685 | 166,435 | 139,427 | ||||||||
Related party | — | 1,132 | 540 | 2,282 | ||||||||
Total selling, general and administrative expenses | 83,047 | 69,817 | 166,975 | 141,709 | ||||||||
Depreciation and amortization expense | 45,171 | 43,786 | 90,406 | 86,138 | ||||||||
Software impairment charge | 851 | — | 27,268 | — | ||||||||
Operating income | 39,203 | 38,414 | 39,944 | 68,679 | ||||||||
Other income (expense): | ||||||||||||
Loss on extinguishment of debt | (27,700 | ) | — | (27,700 | ) | — | ||||||
Interest expense (including amortization of deferred loan fees) | (22,400 | ) | (18,170 | ) | (43,385 | ) | (36,381 | ) | ||||
Impairment of equity method investment | (12,593 | ) | — | (12,593 | ) | — | ||||||
Derivative instrument unrealized loss | (2,950 | ) | — | (5,070 | ) | — | ||||||
Other | 4,390 | (1,049 | ) | 1,243 | (1,146 | ) | ||||||
Other expense, net | (61,253 | ) | (19,219 | ) | (87,505 | ) | (37,527 | ) | ||||
Income (loss) before income taxes | (22,050 | ) | 19,195 | (47,561 | ) | 31,152 | ||||||
Income tax (expense) benefit | 6,293 | (2,355 | ) | 13,079 | (3,551 | ) | ||||||
Net income (loss) | (15,757 | ) | 16,840 | (34,482 | ) | 27,601 | ||||||
Net income (loss) attributable to non-controlling interests | (130 | ) | 10,913 | 414 | 20,534 | |||||||
Net income (loss) attributable to General Communication, Inc. | $ | (15,627 | ) | 5,927 | (34,896 | ) | 7,067 | |||||
Basic net income (loss) attributable to General Communication, Inc. common stockholders per Class A common share | $ | (0.41 | ) | 0.14 | (0.90 | ) | 0.17 | |||||
Basic net income (loss) attributable to General Communication, Inc. common stockholders per Class B common share | $ | (0.41 | ) | 0.14 | (0.90 | ) | 0.17 | |||||
Diluted net income (loss) attributable to General Communication, Inc. common stockholders per Class A common share | $ | (0.41 | ) | 0.14 | (0.90 | ) | 0.17 | |||||
Diluted net income (loss) attributable to General Communication, Inc. common stockholders per Class B common share | $ | (0.41 | ) | 0.14 | (0.90 | ) | 0.17 | |||||
Common shares used to calculate Class A basic EPS | 34,887 | 36,143 | 35,548 | 36,112 | ||||||||
Common shares used to calculate Class A diluted EPS | 38,046 | 39,453 | 38,707 | 39,422 |
GENERAL COMMUNICATION, INC. AND SUBSIDIARIES | ||||||||||||||
SUPPLEMENTAL SCHEDULES | ||||||||||||||
(Unaudited) | ||||||||||||||
(Amounts in thousands) | ||||||||||||||
Second Quarter 2015 | Second Quarter 2014 | |||||||||||||
Wireless | Wireline | Wireless | Wireline | |||||||||||
Segment | Segment | Total | Segment | Segment | Total | |||||||||
Revenues | ||||||||||||||
Wireless | $ | 67,940 | 22,952 | 90,892 | 69,397 | 7,149 | 76,546 | |||||||
Data | — | 98,895 | 98,895 | — | 88,475 | 88,475 | ||||||||
Video | — | 33,542 | 33,542 | — | 34,478 | 34,478 | ||||||||
Voice | — | 24,199 | 24,199 | — | 24,900 | 24,900 | ||||||||
Total | 67,940 | 179,588 | 247,528 | 69,397 | 155,002 | 224,399 | ||||||||
Cost of goods sold | 18,335 | 60,921 | 79,256 | 23,500 | 48,882 | 72,382 | ||||||||
Contribution | 49,605 | 118,667 | 168,272 | 45,897 | 106,120 | 152,017 | ||||||||
Less SG&A | 4,032 | 79,015 | 83,047 | 5,894 | 63,923 | 69,817 | ||||||||
Share-based compensation | — | 2,613 | 2,613 | — | 2,193 | 2,193 | ||||||||
Accretion | 154 | 197 | 351 | 171 | 130 | 301 | ||||||||
Other | — | (188 | ) | (188 | ) | — | (223 | ) | (223 | ) | ||||
Adjusted EBITDA | $ | 45,727 | 42,274 | 88,001 | 40,174 | 44,297 | 84,471 |
GENERAL COMMUNICATION, INC. AND SUBSIDIARIES | ||||||||||||||
SUPPLEMENTAL SCHEDULES | ||||||||||||||
(Unaudited) | ||||||||||||||
(Amounts in thousands) | ||||||||||||||
Second Quarter 2015 | First Quarter 2015 | |||||||||||||
Wireless | Wireline | Wireless | Wireline | |||||||||||
Segment | Segment | Total | Segment | Segment | Total | |||||||||
Revenues | ||||||||||||||
Wireless | $ | 67,940 | 22,952 | 90,892 | 59,204 | 18,204 | 77,408 | |||||||
Data | — | 98,895 | 98,895 | — | 96,446 | 96,446 | ||||||||
Video | — | 33,542 | 33,542 | — | 33,639 | 33,639 | ||||||||
Voice | — | 24,199 | 24,199 | — | 23,596 | 23,596 | ||||||||
Total | 67,940 | 179,588 | 247,528 | 59,204 | 171,885 | 231,089 | ||||||||
Cost of goods sold | 18,335 | 60,921 | 79,256 | 17,531 | 57,237 | 74,768 | ||||||||
Contribution | 49,605 | 118,667 | 168,272 | 41,673 | 114,648 | 156,321 | ||||||||
Less SG&A | 4,032 | 79,015 | 83,047 | 4,502 | 79,426 | 83,928 | ||||||||
Share-based compensation | — | 2,613 | 2,613 | — | 2,801 | 2,801 | ||||||||
Accretion | 154 | 197 | 351 | 216 | 234 | 450 | ||||||||
Other | — | (188 | ) | (188 | ) | — | (341 | ) | (341 | ) | ||||
Adjusted EBITDA | $ | 45,727 | 42,274 | 88,001 | 37,387 | 37,916 | 75,303 |
GENERAL COMMUNICATION, INC. AND SUBSIDIARIES | ||||||||||||||
SUPPLEMENTAL SCHEDULES | ||||||||||||||
(Unaudited) | ||||||||||||||
(Amounts in thousands) | ||||||||||||||
Six Months Ended June 30, 2015 | Six Months Ended June 30, 2014 | |||||||||||||
Wireless | Wireline | Wireless | Wireline | |||||||||||
Segment | Segment | Total | Segment | Segment | Total | |||||||||
Revenues | ||||||||||||||
Wireless | $ | 127,144 | 41,156 | 168,300 | 131,914 | 15,385 | 147,299 | |||||||
Data | — | 195,341 | 195,341 | — | 176,088 | 176,088 | ||||||||
Video | — | 67,181 | 67,181 | — | 66,879 | 66,879 | ||||||||
Voice | — | 47,795 | 47,795 | — | 50,416 | 50,416 | ||||||||
Total | 127,144 | 351,473 | 478,617 | 131,914 | 308,768 | 440,682 | ||||||||
Cost of goods sold | 35,866 | 118,158 | 154,024 | 42,213 | 101,943 | 144,156 | ||||||||
Contribution | 91,278 | 233,315 | 324,593 | 89,701 | 206,825 | 296,526 | ||||||||
Less SG&A | 8,534 | 158,441 | 166,975 | 11,852 | 129,857 | 141,709 | ||||||||
Share-based compensation | — | 5,414 | 5,414 | — | 3,971 | 3,971 | ||||||||
Accretion | 370 | 431 | 801 | 347 | 255 | 602 | ||||||||
Other | — | (529 | ) | (529 | ) | — | (122 | ) | (122 | ) | ||||
Adjusted EBITDA | $ | 83,114 | 80,190 | 163,304 | 78,196 | 81,072 | 159,268 |
General Communication, Inc. | ||||||||||||||||
Non-GAAP Financial Reconciliation Schedule | ||||||||||||||||
(Unaudited, Amounts in Thousands) | ||||||||||||||||
Three Months Ended | Six Months Ended | |||||||||||||||
June 30, | June 30, | March 31 | June 30, | June 30, | ||||||||||||
2015 | 2014 | 2015 | 2015 | 2014 | ||||||||||||
Net income (loss) | $ | (15,757 | ) | 16,840 | (18,725 | ) | (34,482 | ) | 27,601 | |||||||
Income tax expense (benefit) | (6,293 | ) | 2,355 | (6,786 | ) | (13,079 | ) | 3,551 | ||||||||
Income (loss) before income taxes | (22,050 | ) | 19,195 | (25,511 | ) | (47,561 | ) | 31,152 | ||||||||
Other (income) expense: | ||||||||||||||||
Interest expense (including amortization of deferred loan fees) | 22,400 | 18,170 | 20,985 | 43,385 | 36,381 | |||||||||||
Loss on extinguishment of debt | 27,700 | — | — | 27,700 | — | |||||||||||
Investments, net | 12,593 | — | — | 12,593 | — | |||||||||||
Derivative instrument unrealized loss | 2,950 | — | 2,120 | 5,070 | — | |||||||||||
Other | (4,390 | ) | 1,049 | 3,147 | (1,243 | ) | 1,146 | |||||||||
Other expense, net | 61,253 | 19,219 | 26,252 | 87,505 | 37,527 | |||||||||||
Operating income | 39,203 | 38,414 | 741 | 39,944 | 68,679 | |||||||||||
Depreciation and amortization expense | 45,171 | 43,786 | 45,235 | 90,406 | 86,138 | |||||||||||
Software impairment charge | 851 | — | 26,417 | 27,268 | — | |||||||||||
Share-based compensation | 2,613 | 2,193 | 2,801 | 5,414 | 3,971 | |||||||||||
Accretion | 351 | 301 | 450 | 801 | 602 | |||||||||||
Other | (188 | ) | (223 | ) | (341 | ) | (529 | ) | (122 | ) | ||||||
Adjusted EBITDA (Note 1) | $ | 88,001 | 84,471 | 75,303 | 163,304 | 159,268 | ||||||||||
Notes: | ||||||||||||||||
(1) The sum of net income (loss), interest expense (including amortization of deferred loan fees), interest income, income tax (expense) benefit, depreciation and amortization expense, loss on extinguishment of debt, software impairment charge, derivative instrument unrealized loss, share-based compensation, accretion expense, loss attributable to non-controlling interests resulting from New Markets Tax Credit transactions, gains and impairment losses on equity and cost method investments, and other non-cash adjustments plus imputed interest on financed devices. Adjusted EBITDA is not presented as an alternative measure of net income, operating income or cash flow from operations, as determined in accordance with accounting principles generally accepted in the United States of America. GCI's management uses Adjusted EBITDA to evaluate the operating performance of its business, and as a measure of performance for incentive compensation purposes. GCI believes Adjusted EBITDA is a measure used as an analytical indicator of income generated to service debt and fund capital expenditures. In addition, multiples of current or projected Adjusted EBITDA are used to estimate current or prospective enterprise value. Adjusted EBITDA does not give effect to cash used for debt service requirements, and thus does not reflect funds available for investment or other discretionary uses. Adjusted EBITDA as presented herein may not be comparable to similarly titled measures reported by other companies. |
GENERAL COMMUNICATION, INC. AND SUBSIDIARIES | ||||||||||||||||||
WIRELINE SEGMENT SUPPLEMENTAL REVENUE SCHEDULES | ||||||||||||||||||
(Unaudited) | ||||||||||||||||||
(Amounts in thousands) | ||||||||||||||||||
Second Quarter 2015 | Second Quarter 2014 | |||||||||||||||||
Business | Managed | Business | Managed | |||||||||||||||
Consumer | Services | Broadband | Total | Consumer | Services | Broadband | Total | |||||||||||
Revenues | ||||||||||||||||||
Wireless | $ | 20,705 | 2,247 | — | 22,952 | 6,360 | 789 | — | 7,149 | |||||||||
Data | 32,034 | 35,485 | 31,376 | 98,895 | 27,313 | 35,554 | 25,608 | 88,475 | ||||||||||
Video | 28,921 | 4,621 | — | 33,542 | 26,871 | 7,607 | — | 34,478 | ||||||||||
Voice | 7,729 | 10,480 | 5,990 | 24,199 | 8,279 | 11,359 | 5,262 | 24,900 | ||||||||||
Total | $ | 89,389 | 52,833 | 37,366 | 179,588 | 68,823 | 55,309 | 30,870 | 155,002 | |||||||||
(Amounts in thousands) | ||||||||||||||||||
Second Quarter 2015 | First Quarter 2015 | |||||||||||||||||
Business | Managed | Business | Managed | |||||||||||||||
Consumer | Services | Broadband | Total | Consumer | Services | Broadband | Total | |||||||||||
Revenues | ||||||||||||||||||
Wireless | $ | 20,705 | 2,247 | — | 22,952 | 16,410 | 1,794 | — | 18,204 | |||||||||
Data | 32,034 | 35,485 | 31,376 | 98,895 | 31,272 | 36,298 | 28,876 | 96,446 | ||||||||||
Video | 28,921 | 4,621 | — | 33,542 | 29,225 | 4,414 | — | 33,639 | ||||||||||
Voice | 7,729 | 10,480 | 5,990 | 24,199 | 7,801 | 10,706 | 5,089 | 23,596 | ||||||||||
Total | $ | 89,389 | 52,833 | 37,366 | 179,588 | 84,708 | 53,212 | 33,965 | 171,885 | |||||||||
(Amounts in thousands) | ||||||||||||||||||
Six Months Ended June 30, 2015 | Six Months Ended June 30, 2014 | |||||||||||||||||
Business | Managed | Business | Managed | |||||||||||||||
Consumer | Services | Broadband | Total | Consumer | Services | Broadband | Total | |||||||||||
Revenues | ||||||||||||||||||
Wireless | $ | 37,115 | 4,041 | — | 41,156 | 13,851 | 1,534 | — | 15,385 | |||||||||
Data | 63,306 | 71,783 | 60,252 | 195,341 | 54,257 | 70,394 | 51,437 | 176,088 | ||||||||||
Video | 58,146 | 9,035 | — | 67,181 | 54,120 | 12,759 | — | 66,879 | ||||||||||
Voice | 15,530 | 21,186 | 11,079 | 47,795 | 16,724 | 23,100 | 10,592 | 50,416 | ||||||||||
Total | $ | 174,097 | 106,045 | 71,331 | 351,473 | 138,952 | 107,787 | 62,029 | 308,768 | |||||||||
GENERAL COMMUNICATION, INC. AND SUBSIDIARIES | |||||||||||||||||
KEY PERFORMANCE INDICATORS | |||||||||||||||||
(Unaudited) | |||||||||||||||||
June 30, 2015 | June 30, 2015 | ||||||||||||||||
as compared to | as compared to | ||||||||||||||||
June 30, | June 30, | March 31, | June 30, | March 31, | June 30, | March 31, | |||||||||||
2015 | 2014 | 2015 | 2014 | 2015 | 2014 | 2015 | |||||||||||
Wireline Segment | |||||||||||||||||
Consumer | |||||||||||||||||
Data | |||||||||||||||||
Cable modem subscribers | 122,300 | 115,600 | 121,700 | 6,700 | 600 | 5.8 | % | 0.5 | % | ||||||||
Video | |||||||||||||||||
Basic subscribers | 112,900 | 116,300 | 114,700 | (3,400 | ) | (1,800 | ) | (2.9 | )% | (1.6 | )% | ||||||
Digital programming tier subscribers | 60,000 | 65,200 | 62,300 | (5,200 | ) | (2,300 | ) | (8.0 | )% | (3.7 | )% | ||||||
HD/DVR converter boxes | 108,300 | 103,400 | 109,900 | 4,900 | (1,600 | ) | 4.7 | % | (1.5 | )% | |||||||
Homes passed | 249,600 | 248,000 | 248,700 | 1,600 | 900 | 0.6 | % | 0.4 | % | ||||||||
Voice | |||||||||||||||||
Local access lines in service | 52,000 | 57,700 | 53,400 | (5,700 | ) | (1,400 | ) | (9.9 | )% | (2.6 | )% | ||||||
Business Services | |||||||||||||||||
Data | |||||||||||||||||
Cable modem subscribers | 14,400 | 14,200 | 14,100 | 200 | 300 | 1.4 | % | 2.1 | % | ||||||||
Voice | |||||||||||||||||
Local access lines in service | 47,200 | 48,200 | 47,500 | (1,000 | ) | (300 | ) | (2.1 | )% | (0.6 | )% | ||||||
Consumer and Business Services Combined | |||||||||||||||||
Wireless | |||||||||||||||||
Consumer Lifeline lines in service | 28,400 | 28,200 | 32,900 | 200 | (4,500 | ) | 0.7 | % | (13.7 | )% | |||||||
Consumer prepaid lines in service | 26,700 | 10,000 | 24,500 | 16,700 | 2,200 | 167.0 | % | 9.0 | % | ||||||||
Consumer postpaid lines in service | 151,800 | 89,100 | 152,600 | 62,700 | (800 | ) | 70.4 | % | (0.5 | )% | |||||||
Business Services postpaid lines in service | 29,200 | 18,500 | 28,600 | 10,700 | 600 | 57.8 | % | 2.1 | % | ||||||||
Total wireless lines in service | 236,100 | 145,800 | 238,600 | 90,300 | (2,500 | ) | 61.9 | % | -1.0 | % |
GENERAL COMMUNICATION, INC. AND SUBSIDIARIES | ||||||||||||||||||||||
KEY PERFORMANCE INDICATORS | ||||||||||||||||||||||
(Unaudited) | ||||||||||||||||||||||
June 30, 2015 | June 30, 2015 | |||||||||||||||||||||
Three Months Ended | as compared to | as compared to | ||||||||||||||||||||
June 30, | June 30, | March 31, | June 30, | March 31, | June 30, | March 31, | ||||||||||||||||
2015 | 2014 | 2015 | 2014 | 2015 | 2014 | 2015 | ||||||||||||||||
Wireline segment | ||||||||||||||||||||||
Consumer | ||||||||||||||||||||||
Video | ||||||||||||||||||||||
Average monthly revenue per subscriber | $ | 84.60 | $ | 76.49 | $ | 84.37 | $ | 8.11 | $ | 0.23 | 10.6 | % | 0.3 | % | ||||||||
Combined Consumer and Business Services | ||||||||||||||||||||||
Data | ||||||||||||||||||||||
Average monthly revenue per cable modem subscriber | $ | 83.93 | $ | 76.69 | $ | 83.93 | $ | 7.24 | $ | — | 9.4 | % | — | % | ||||||||
Wireless | ||||||||||||||||||||||
Average monthly revenue per subscriber | $ | 47.26 | $ | 48.89 | $ | 48.23 | $ | (1.63 | ) | $ | (0.97 | ) | (3.3 | )% | (2.0 | )% |