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Business Segment Information (Tables)
3 Months Ended
Mar. 31, 2022
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

 

(dollars in millions)

 

Three Months Ended March 31, 2022

 

 

 

Three Months Ended March 31, 2021

 

Revenue

 

 

 

 

 

 

 

 

 

Network

 

$

243.5

 

 

 

$

242.8

 

IT Services and Hardware

 

 

198.8

 

 

 

 

173.8

 

Intersegment

 

 

(6.5

)

 

 

 

(6.7

)

Total revenue

 

$

435.8

 

 

 

$

409.9

 

Intersegment revenue

 

 

 

 

 

 

 

 

 

Network

 

$

4.9

 

 

 

$

4.8

 

IT Services and Hardware

 

 

1.6

 

 

 

 

1.9

 

Total intersegment revenue

 

$

6.5

 

 

 

$

6.7

 

Operating (loss) income

 

 

 

 

 

 

 

 

 

Network

 

$

(3.1

)

 

 

$

31.3

 

IT Services and Hardware

 

 

(4.9

)

 

 

 

8.6

 

Corporate

 

 

(7.0

)

 

 

 

(7.3

)

Total operating (loss) income

 

$

(15.0

)

 

 

$

32.6

 

Expenditures for long-lived assets

 

 

 

 

 

 

 

 

 

Network

 

$

81.5

 

 

 

$

55.0

 

IT Services and Hardware

 

 

6.3

 

 

 

 

5.7

 

Total expenditures for long-lived assets

 

$

87.8

 

 

 

$

60.7

 

Depreciation and amortization

 

 

 

 

 

 

 

 

 

Network

 

$

93.4

 

 

 

$

60.8

 

IT Services and Hardware

 

 

26.0

 

 

 

 

10.1

 

Corporate

 

 

0.1

 

 

 

 

0.1

 

Total depreciation and amortization

 

$

119.5

 

 

 

$

71.0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(dollars in millions)

 

March 31,

2022

 

 

December 31,

2021

 

Assets

 

 

 

 

 

 

 

 

Network

 

$

2,943.9

 

 

$

2,949.2

 

IT Services and Hardware

 

 

819.8

 

 

 

842.0

 

Corporate and eliminations

 

 

334.9

 

 

 

407.6

 

Total assets

 

$

4,098.6

 

 

$

4,198.8