Segment Reporting and Business Concentrations

12 Months Ended

Dec. 31, 2015

Segment Reporting [Abstract]

Segment Reporting and Business Concentrations

NOTE 17—SEGMENT REPORTING AND BUSINESS CONCENTRATIONS

Prior to the 2GIG Sale on April 1, 2013, the Company conducted business through two operating segments, Vivint and 2GIG. These segments were managed and evaluated separately by management due to the differences in their products and services. The primary source of revenue for the Vivint segment is generated through monitoring services provided to subscribers, in accordance with their subscriber contracts. The primary source of revenue for the 2GIG segment was through the sale of electronic security and automation systems to security dealers and distributors, including Vivint. Fees and expenses charged by 2GIG to Vivint, related to intercompany purchases, were eliminated in consolidation. Since the 2GIG Sale, the Company has conducted business through the Vivint operating segment.

For the years ended December 31, 2015 and 2014, the Company conducted business through one operating segment, Vivint. The following table presents a summary of revenue, costs and expenses and assets as of December 31, 2013 (in thousands):

	Vivint			2GIG		Eliminations			Consolidated Total
Revenues	$	483,401		$	60,220	$	(42,713	)	$	500,908
All other costs and expenses		536,502			52,200		(32,914	)		555,788
(Loss) income from operations	$	(53,101	)	$	8,020	$	(9,799	)	$	(54,880	)
Intangible assets, including goodwill	$	1,677,032		$	—	$	—		$	1,677,032
Total assets	$	2,303,644		$	—	$	—		$	2,303,644

The Company primarily operates in three geographic regions: United States, Canada and New Zealand. The operations in New Zealand are considered immaterial and reported in conjunction with the United States. Revenues and long-lived assets by geographic region were as follows (in thousands):

	United States		Canada		Total
As of and for the
Year ended December 31, 2015
Revenue from external customers	$	602,418	$	51,303	$	653,721
Property and equipment, net		55,103		171		55,274
Year ended December 31, 2014
Revenue from external customers	$	529,521	$	34,156	$	563,677
Property and equipment, net		62,368		422		62,790
Year ended December 31, 2013
Revenue from external customers	$	474,344	$	26,564	$	500,908
Property and equipment, net		35,220		598		35,818