Segment Information

3 Months Ended

Mar. 31, 2025

Segment Information [Abstract]

Segment Information

(18) Segment Information:

Our operations are assessed and managed by our CEO, our chief operating decision maker, on a consolidated basis. The CEO assesses performance and allocates resources based on the consolidated results of operations. Under this organizational and reporting structure, the Company operates in a single operating segment and reports its financial results in accordance with ASU 2023-07, Segment Reporting (Topic 280), Improvements to Reportable Segment Disclosures. The Company has organized its expenses into the following categories to enhance transparency and align with the internal management review process:

Revenue generating departments – Includes costs directly associated with revenue producing activities, such as sales, commissions, video content costs, marketing, and production.

Operating departments – reflects expenses related to the core operations of the Company, including network operations, facility management, logistics, and service delivery.

Support departments – comprises general and administrative costs, including human resources, IT, finance, restructuring, and other back-office functions that support overall operations. Also includes transaction expenses related to the Verizon acquisition.

Depreciation and amortization – reflect the systematic allocation of the cost of tangible and intangible assets over their useful lives. This category includes depreciation of property, plant, and equipment as well as amortization of intangible assets, providing insight into the Company’s ongoing capital investments and asset utilization.

Investment and other income (expense) – includes interest income on cash and cash equivalents, realized and unrealized gains or losses on investments and other miscellaneous income or expenses.

Interest expense – represents costs associated with the Company’s financing arrangements, including interest on debt.

Income taxes – reflects the Company’s provision for income taxes in accordance with applicable tax regulations.

	For the three months ended March 31,
($ in millions)		2025		2024
Revenue	$	1,511	$	1,462
Less:
Revenue generating departments		286		268
Operating departments		545		532
Support departments		159		184
Depreciation and amortization		445		388
Investment and other income		49		112
Interest expense		(200)		(199)
Income tax expense (benefit)		(11)		2
Net income (loss)	$	(64)	$	1