XML 43 R33.htm IDEA: XBRL DOCUMENT v3.22.1
Business Segment Information (Tables)
 9 Months Ended
Sep. 30, 2021
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:

 

 

 

Successor

 

 

 

Predecessor

 

 

Predecessor

 

 

 

Successor

 

 

 

Predecessor

 

 

Predecessor

 

(dollars in millions)

 

September 8, 2021 to September 30, 2021

 

 

 

July 1, 2021 to September 7, 2021

 

 

Three Months Ended September 30, 2020

 

 

 

September 8, 2021 to September 30, 2021

 

 

 

January 1, 2021 to September 7, 2021

 

 

Nine Months Ended September 30, 2020

 

Revenue

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Entertainment and Communications

 

$

61.7

 

 

 

$

180.4

 

 

$

241.0

 

 

 

$

61.7

 

 

 

$

664.2

 

 

$

724.5

 

IT Services and Hardware

 

 

52.0

 

 

 

 

138.7

 

 

 

155.2

 

 

 

 

52.0

 

 

 

 

492.4

 

 

 

444.5

 

Intersegment

 

 

(2.3

)

 

 

 

(4.5

)

 

 

(6.7

)

 

 

 

(2.3

)

 

 

 

(17.9

)

 

 

(19.5

)

Total revenue

 

$

111.4

 

 

 

$

314.6

 

 

$

389.5

 

 

 

$

111.4

 

 

 

$

1,138.7

 

 

$

1,149.5

 

Intersegment revenue

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Entertainment and Communications

 

$

1.6

 

 

 

$

3.4

 

 

$

4.9

 

 

 

$

1.6

 

 

 

$

13.1

 

 

$

14.8

 

IT Services and Hardware

 

 

0.7

 

 

 

 

1.1

 

 

 

1.8

 

 

 

 

0.7

 

 

 

 

4.8

 

 

 

4.7

 

Total intersegment revenue

 

$

2.3

 

 

 

$

4.5

 

 

$

6.7

 

 

 

$

2.3

 

 

 

$

17.9

 

 

$

19.5

 

Operating (loss) income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Entertainment and Communications

 

$

(2.3

)

 

 

$

18.9

 

 

$

27.2

 

 

 

$

(2.3

)

 

 

$

78.3

 

 

$

69.8

 

IT Services and Hardware

 

 

1.7

 

 

 

 

9.0

 

 

 

4.6

 

 

 

 

1.7

 

 

 

 

25.2

 

 

 

11.5

 

Corporate

 

 

(0.8

)

 

 

 

(63.2

)

 

 

(7.1

)

 

 

 

(0.8

)

 

 

 

(75.8

)

 

 

(49.1

)

Total operating (loss) income

 

$

(1.4

)

 

 

$

(35.3

)

 

$

24.7

 

 

 

$

(1.4

)

 

 

$

27.7

 

 

$

32.2

 

Expenditures for long-lived assets*

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Entertainment and Communications

 

$

33.4

 

 

 

$

92.0

 

 

$

57.6

 

 

 

$

33.4

 

 

 

$

199.8

 

 

$

144.2

 

IT Services and Hardware

 

 

3.3

 

 

 

 

4.0

 

 

 

3.9

 

 

 

 

3.3

 

 

 

 

15.9

 

 

 

16.7

 

Corporate

 

 

1,620.7

 

 

 

 

—

 

 

 

—

 

 

 

 

1,620.7

 

 

 

 

—

 

 

 

—

 

Total expenditures for long-lived assets

 

$

1,657.4

 

 

 

$

96.0

 

 

$

61.5

 

 

 

$

1,657.4

 

 

 

$

215.7

 

 

$

160.9

 

Depreciation and amortization

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Entertainment and Communications

 

$

24.3

 

 

 

$

44.5

 

 

$

61.6

 

 

 

$

24.3

 

 

 

$

166.9

 

 

$

190.0

 

IT Services and Hardware

 

 

5.8

 

 

 

 

7.6

 

 

 

10.2

 

 

 

 

5.8

 

 

 

 

27.9

 

 

 

30.7

 

Corporate

 

 

0.1

 

 

 

 

—

 

 

 

0.1

 

 

 

 

0.1

 

 

 

 

0.1

 

 

 

0.1

 

Total depreciation and amortization

 

$

30.2

 

 

 

$

52.1

 

 

$

71.9

 

 

 

$

30.2

 

 

 

$

194.9

 

 

$

220.8

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

* Includes cost of acquisitions in the Successor and Predecessor periods of 2021 and deposit for the purchase of wireless licenses in the three and nine months ended September 30, 2020

 

 

 

 

 

Successor

 

 

 

Predecessor

 

(dollars in millions)

 

September 30,

2021

 

 

 

December 31,

2020

 

Assets

 

 

 

 

 

 

 

 

 

Entertainment and Communications

 

$

2,885.3

 

 

 

$

1,803.3

 

IT Services and Hardware

 

 

844.9

 

 

 

 

477.2

 

Corporate and eliminations

 

 

360.2

 

 

 

 

388.1

 

Total assets

 

$

4,090.4

 

 

 

$

2,668.6