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Business Segment Information (Tables)
3 Months Ended
Mar. 31, 2023
Segment Reporting [Abstract]  
Selected Financial Data for the Company's Business Segment Information

Selected financial data for the Company’s business segment information is as follows:

 

 

 

Three Months Ended March 31,

 

(dollars in millions)

 

2023

 

 

2022

 

Revenue

 

 

 

 

 

 

Network

 

$

249.8

 

 

$

243.5

 

IT Services and Hardware

 

 

205.0

 

 

 

198.8

 

Intersegment

 

 

(5.9

)

 

 

(6.5

)

Total revenue

 

$

448.9

 

 

$

435.8

 

Intersegment revenue

 

 

 

 

 

 

Network

 

$

4.1

 

 

$

4.9

 

IT Services and Hardware

 

 

1.8

 

 

 

1.6

 

Total intersegment revenue

 

$

5.9

 

 

$

6.5

 

Operating loss

 

 

 

 

 

 

Network

 

$

(29.1

)

 

$

(3.1

)

IT Services and Hardware

 

 

(5.8

)

 

 

(4.9

)

Corporate

 

 

(8.3

)

 

 

(7.0

)

Total operating loss

 

$

(43.2

)

 

$

(15.0

)

Expenditures for long-lived assets*

 

 

 

 

 

 

Network

 

$

140.4

 

 

$

81.5

 

IT Services and Hardware

 

 

5.9

 

 

 

6.3

 

Corporate

 

 

0.1

 

 

 

 

Total expenditures for long-lived assets

 

$

146.4

 

 

$

87.8

 

Depreciation and amortization

 

 

 

 

 

 

Network

 

$

108.9

 

 

$

93.4

 

IT Services and Hardware

 

 

24.3

 

 

 

26.0

 

Corporate

 

 

0.1

 

 

 

0.1

 

Total depreciation and amortization

 

$

133.3

 

 

$

119.5

 

 

* Includes cost of acquisitions

 

(dollars in millions)

 

March 31, 2023

 

 

December 31, 2022

 

Assets

 

 

 

 

 

 

Network

 

$

3,276.5

 

 

$

3,218.5

 

IT Services and Hardware

 

 

982.9

 

 

 

812.2

 

Corporate and eliminations

 

 

143.5

 

 

 

404.9

 

Total assets

 

$

4,402.9

 

 

$

4,435.6