Segment Information (Tables)

12 Months Ended

Dec. 31, 2023

Selected financial data related to our segments is presented below for the years ended December 31, 2023, 2022 and 2021:


	Year Ended December 31, 2023
(Thousands)	Uniti Leasing		Uniti Fiber		Corporate		Total of Reportable Segments
Revenues	$	852,772	$	297,059	$	—	$	1,149,831

Adjusted EBITDA	$	829,557	$	115,723	$	(21,778)	$	923,502
Less:
Interest expense, net							512,349
Depreciation and amortization	178,872		131,600		56		310,528
Other, net							20,893
Transaction related and other costs							12,611
Gain on sale of real estate							(2,164)
Goodwill impairment							203,998
Stock-based compensation							12,491
Income tax benefit							(68,474)
Adjustments for equity in earnings from unconsolidated entities							$	3,019
Net loss							(81,749)

Capital expenditures	$	277,235	$	139,767	$	—	$	417,002


	Year Ended December 31, 2022
(Thousands)	Uniti Leasing		Uniti Fiber		Corporate		Total of Reportable Segments
Revenues	$	827,457	$	301,390	$	—	$	1,128,847

Adjusted EBITDA	$	806,027	$	125,361	$	(25,492)	$	905,896
Less:
Interest expense, net							376,832
Depreciation and amortization	172,007		120,666		115		292,788
Other, net							(4,790)
Transaction related and other costs							10,340
Gain on sale of operations							(176)
Gain on sale of real estate							(433)
Goodwill impairment							240,500
Stock-based compensation							12,751
Income tax benefit							(17,365)
Adjustments for equity in earnings from unconsolidated entities							3,571
Net loss							$	(8,122)

Capital expenditures	$	263,269	$	163,962	$	336	$	427,567


	Year Ended December 31, 2021
(Thousands)	Uniti Leasing		Uniti Fiber		Corporate		Total of Reportable Segments
Revenues	$	801,497	$	299,025	$	—	$	1,100,522

Adjusted EBITDA	$	784,061	$	118,452	$	(24,232)	$	878,281
Less:
Interest expense, net							446,296
Depreciation and amortization	174,622		116,065		255		290,942
Other, net							24,917


Transaction related and other costs							7,544
Gain on sale of operations							(28,143)
Gain on sale of real estate							(442)
Stock-based compensation							13,847
Income tax benefit							(4,916)
Adjustments for equity in earnings from unconsolidated entities							3,491
Net loss							$	124,745

Capital expenditures	$	223,251	$	162,463	$	141	$	385,855

Total assets by business segment as of December 31, 2023 and December 31, 2022 are as follows:


	December 31,
(Thousands)	2023		2022
Uniti Leasing	$	2,936,972	$	2,705,934
Uniti Fiber	1,956,381		2,076,136
Corporate	131,776		69,159
Total of reportable segments	$	5,025,129	$	4,851,229