Segment Reporting

9 Months Ended

Sep. 30, 2022

Segment Reporting [Abstract]

SEGMENT REPORTING

SEGMENT REPORTING

Business segments are components of an enterprise for which separate financial information is available and regularly evaluated by our chief operating decision maker (“CODM”), who is our Chief Executive Officer. We operate in two business segments, Hughes segment and ESS segment.

The primary measure of segment profitability that is reported regularly to our CODM is earnings before interest, taxes, depreciation and amortization, and net income (loss) attributable to non-controlling interests (“EBITDA”).

Total assets by segment have not been reported herein because the information is not provided to our CODM on a regular basis. 

The following table presents total revenue, capital expenditures and EBITDA for each of our business segments:

	Hughes		ESS		Corporate and Other		Consolidated Total
For the three months ended September 30, 2022
External revenue	$	489,565	$	4,588	$	3,234	$	497,387
Intersegment revenue	—		393		(393)		—
Total revenue	$	489,565	$	4,981	$	2,841	$	497,387
Capital expenditures	$	50,783	$	—	$	10,674	$	61,457
EBITDA	$	175,010	$	3,446	$	(32,963)	$	145,493
For the three months ended September 30, 2021
External revenue	$	496,937	$	4,347	$	3,376	$	504,660
Intersegment revenue	—		89		(89)		—
Total revenue	$	496,937	$	4,436	$	3,287	$	504,660
Capital expenditures	$	74,259	$	—	$	15,278	$	89,537
EBITDA	$	196,970	$	2,319	$	(14,948)	$	184,341

	Hughes		ESS		Corporate and Other		Consolidated Total
For the nine months ended September 30, 2022
External revenue	$	1,475,512	$	13,366	$	9,359	$	1,498,237
Intersegment revenue	—		939		(939)		—
Total revenue	$	1,475,512	$	14,305	$	8,420	$	1,498,237
Capital expenditures	$	176,665	$	—	$	72,709	$	249,374
EBITDA	$	546,108	$	9,658	$	(16,023)	$	539,743
For the nine months ended September 30, 2021
External revenue	$	1,465,073	$	12,543	$	9,460	$	1,487,076
Intersegment revenue	—		265		(265)		—
Total revenue	$	1,465,073	$	12,808	$	9,195	$	1,487,076
Capital expenditures	$	228,641	$	—	$	123,362	$	352,003
EBITDA	$	605,742	$	6,481	$	31,845	$	644,068

The following table reconciles Income (loss) before income taxes in the Consolidated Statements of Operations to EBITDA:

	For the three months ended September 30,				For the nine months ended September 30,
	2022		2021		2022		2021
Income (loss) before income taxes	$	32,745	$	49,965	$	170,335	$	205,851
Interest income, net	(14,183)		(5,725)		(29,677)		(16,914)
Interest expense, net of amounts capitalized	13,845		16,313		43,125		79,848
Depreciation and amortization	110,233		120,596		347,224		368,864
Net loss (income) attributable to non-controlling interests	2,853		3,192		8,736		6,419
EBITDA	$	145,493	$	184,341	$	539,743	$	644,068