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Segment Information (Tables)
3 Months Ended
Mar. 31, 2022
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information

Selected financial data related to our segments is presented below for the three months ended March 31, 2022 and 2021:

 

 

 

Three Months Ended March 31, 2022

 

(Thousands)

 

Leasing

 

 

Fiber Infrastructure

 

 

Corporate

 

 

Subtotal of Reportable Segments

 

Revenues

 

$

204,641

 

 

$

73,393

 

 

$

-

 

 

$

278,034

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Adjusted EBITDA

 

$

198,973

 

 

$

31,459

 

 

$

(5,643

)

 

$

224,789

 

Less:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

 

 

 

 

 

 

 

 

 

 

 

 

 

96,172

 

Depreciation and amortization

 

 

42,102

 

 

 

29,319

 

 

 

36

 

 

 

71,457

 

Other, net

 

 

 

 

 

 

 

 

 

 

 

 

 

 

361

 

Transaction related and other costs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1,714

 

Stock-based compensation

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3,312

 

Income tax benefit

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(2,071

)

Adjustments for equity in earnings from unconsolidated entities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

986

 

Net income

 

 

 

 

 

 

 

 

 

 

 

 

 

$

52,858

 

 

 

 

 

Three Months Ended March 31, 2021

 

(Thousands)

 

Leasing

 

 

Fiber Infrastructure

 

 

Corporate

 

 

Subtotal of Reportable Segments

 

Revenues

 

$

194,936

 

 

$

77,650

 

 

$

-

 

 

$

272,586

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Adjusted EBITDA

 

$

191,497

 

 

$

29,721

 

 

$

(6,970

)

 

$

214,248

 

Less:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

 

 

 

 

 

 

 

 

 

 

 

 

 

140,581

 

Depreciation and amortization

 

 

42,226

 

 

 

28,670

 

 

 

68

 

 

 

70,964

 

Other, net

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1,318

 

Transaction related and other costs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

4,137

 

Stock-based compensation

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3,335

 

Income tax benefit

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(2,557

)

Adjustments for equity in earnings from unconsolidated entities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

972

 

Net loss

 

 

 

 

 

 

 

 

 

 

 

 

 

$

(4,502

)