Segment Information (Tables)

9 Months Ended

Sep. 30, 2024

Segment Reporting [Abstract]

Schedule of Segment Reporting Information

Selected financial data related to our segments is presented below for the three and nine months ended September 30, 2024 and 2023:

	Three Months Ended September 30, 2024
(Thousands)	Uniti Leasing		Uniti Fiber		Corporate		Subtotal of Reportable Segments
Revenues	$	222,922	$	69,325	$	—	$	292,247
Adjusted EBITDA	$	215,188	$	25,557	$	(5,421)	$	235,324
Less:
Interest expense							131,007
Depreciation and amortization	45,281		34,031		13		79,325
Transaction related and other costs							14,404
Other, net							918
Stock-based compensation							3,375
Income tax benefit							(5,935)
Net income							$	12,230

	Three Months Ended September 30, 2023
	(as restated)
(Thousands)	Uniti Leasing		Uniti Fiber		Corporate		Subtotal of Reportable Segments
Revenues	$	214,588	$	76,067	$	—	$	290,655
Adjusted EBITDA	$	208,561	$	29,857	$	(5,408)	$	233,010
Less:
Interest expense							120,691
Depreciation and amortization	44,754		32,570		13		77,337
Transaction related and other costs							1,441
Gain on sale of real estate							(1,424)
Goodwill impairment							203,998
Other, net							2,091
Stock-based compensation							3,148
Income tax benefit							(56,130)
Adjustments for equity in earnings from unconsolidated entities							754
Net loss							$	(118,896)

	Nine Months Ended September 30, 2024
(Thousands)	Uniti Leasing		Uniti Fiber		Corporate		Subtotal of Reportable Segments
Revenues	$	658,829	$	214,783	$	—	$	873,612
Adjusted EBITDA	$	636,718	$	80,486	$	(16,593)	$	700,611
Less:
Interest expense							381,693
Depreciation and amortization	134,874		99,948		40		234,862
Transaction related and other costs							31,068
Gain on sale of real estate							(18,999)
Other, net							3,877
Stock-based compensation							10,120
Income tax benefit							(13,869)
Net income							$	71,859

	Nine Months Ended September 30, 2023
	(as restated)
(Thousands)	Uniti Leasing		Uniti Fiber		Corporate		Subtotal of Reportable Segments
Revenues	$	637,849	$	226,326	$	—	$	864,175
Adjusted EBITDA	$	620,079	$	88,712	$	(16,413)	$	692,378
Less:
Interest expense							389,243
Depreciation and amortization	133,617		97,719		43		231,379
Transaction related and other costs							9,805
Gain on sale of real estate							(1,424)
Goodwill impairment							203,998
Other, net							23,073
Stock-based compensation							9,408
Income tax benefit							(62,899)
Adjustments for equity in earnings from unconsolidated entities							2,264
Net loss							$	(112,469)