Segment Reporting

9 Months Ended

Sep. 30, 2022

Segment Reporting

Segment Reporting

11.Segment Reporting

Operating segments are components of an enterprise for which separate financial information is available and regularly evaluated by the chief operating decision maker(s) of an enterprise. Operating income is the primary measure used by our chief operating decision maker to evaluate segment operating performance. We currently operate two primary business segments: (1) Pay-TV; and (2) Wireless. See Note 1 for further information.

All other and eliminations primarily include intersegment eliminations related to intercompany debt and the related interest income and interest expense, which are eliminated in consolidation.

The total assets, revenue and operating income by segment were as follows:

	As of
	September 30,		December 31,
	2022		2021
	(In thousands)
Total assets:
Pay-TV	$	43,874,451	$	43,799,761
Wireless (1)		44,309,666		33,310,090
Eliminations (1)		(39,181,093)		(29,108,126)
Total assets	$	49,003,024	$	48,001,725

(1) The increase primarily resulted from intercompany advances to purchase the 3.45–3.55 GHz band licenses and for capital expenditures related to our 5G Network Deployment. See Note 10 for further information.

	For the Three Months Ended				For the Nine Months Ended
	September 30,				September 30,
	2022		2021		2022		2021
	(In thousands)
Revenue:
Pay-TV	$	3,078,418	$	3,220,128	$	9,399,244	$	9,676,487
Wireless		1,018,132		1,230,072		3,241,590		3,761,834
Eliminations		(1,099)		(565)		(4,800)		(3,873)
Total revenue	$	4,095,451	$	4,449,635	$	12,636,034	$	13,434,448
Operating income (loss):
Pay-TV	$	647,654	$	699,730	$	2,185,171	$	2,299,387
Wireless		(220,625)		17,975		(514,847)		189,632
Total operating income (loss)	$	427,029	$	717,705	$	1,670,324	$	2,489,019

Geographic Information. Revenue is attributed to geographic regions based upon the location where the goods and services are provided. All service revenue was derived from the United States. Substantially all of our long-lived assets reside in the United States.

The following table summarizes revenue by geographic region:

	For the Three Months Ended				For the Nine Months Ended
	September 30,				September 30,
Revenue:	2022		2021		2022		2021
	(In thousands)
United States	$	4,082,463	$	4,432,751	$	12,603,549	$	13,390,248
Canada and Mexico		12,988		16,884		32,485		44,200
Total revenue	$	4,095,451	$	4,449,635	$	12,636,034	$	13,434,448

The revenue from external customers disaggregated by major revenue source was as follows:

	For the Three Months Ended				For the Nine Months Ended
	September 30,				September 30,
Category:	2022		2021		2022		2021
	(In thousands)
Pay-TV subscriber and related revenue	$	3,037,279	$	3,175,193	$	9,280,621	$	9,541,602
Wireless services and related revenue		892,820		1,038,042		2,754,008		3,136,016
Pay-TV equipment sales and other revenue		41,139		44,935		118,623		134,885
Wireless equipment sales and other revenue		125,312		192,030		487,582		625,818
Eliminations		(1,099)		(565)		(4,800)		(3,873)
Total	$	4,095,451	$	4,449,635	$	12,636,034	$	13,434,448