XML 32 R22.htm IDEA: XBRL DOCUMENT v3.22.2.2
Revenue (Tables)
9 Months Ended
Sep. 30, 2022
Revenue From Contract With Customer [Abstract]  
Schedule of Expected Revenue to be Recognized for Existing Customer Contracts The expected revenue to be recognized for existing customer contracts is as follows:

 

(dollars in millions)

 

 

 

 

Three months ended December 31, 2022

 

$

3.7

 

2023

 

 

15.2

 

2024

 

 

16.9

 

2025

 

 

16.9

 

2026

 

 

17.0

 

Thereafter

 

 

113.8

 

 

Schedule of Activity of Contract Assets

The following table presents the activity for the Company’s contract assets:

 

 

 

Fulfillment Costs

 

 

Cost of Acquisition

 

 

Total Contract Assets

 

(dollars in millions)

 

Network

 

 

IT Services

and

Hardware

 

 

Total

Company

 

 

Network

 

 

IT Services

and

Hardware

 

 

Total

Company

 

 

Network

 

 

IT Services

and

Hardware

 

 

Total

Company

 

Balance as of December 31, 2021

 

$

0.7

 

 

$

0.7

 

 

$

1.4

 

 

$

3.3

 

 

$

0.3

 

 

$

3.6

 

 

$

4.0

 

 

$

1.0

 

 

$

5.0

 

Additions

 

 

0.5

 

 

 

0.5

 

 

 

1.0

 

 

 

2.6

 

 

 

0.7

 

 

 

3.3

 

 

 

3.1

 

 

 

1.2

 

 

 

4.3

 

Amortization

 

 

(0.1

)

 

 

(0.1

)

 

 

(0.2

)

 

 

(0.4

)

 

 

(0.1

)

 

 

(0.5

)

 

 

(0.5

)

 

 

(0.2

)

 

 

(0.7

)

Balance as of March 31, 2022

 

 

1.1

 

 

 

1.1

 

 

 

2.2

 

 

 

5.5

 

 

 

0.9

 

 

 

6.4

 

 

 

6.6

 

 

 

2.0

 

 

 

8.6

 

Additions

 

 

0.6

 

 

 

0.9

 

 

 

1.5

 

 

 

2.4

 

 

 

0.3

 

 

 

2.7

 

 

 

3.0

 

 

 

1.2

 

 

 

4.2

 

Amortization

 

 

(0.1

)

 

 

(0.1

)

 

 

(0.2

)

 

 

(0.4

)

 

 

(0.4

)

 

 

(0.8

)

 

 

(0.5

)

 

 

(0.5

)

 

 

(1.0

)

Balance as of June 30, 2022

 

 

1.6

 

 

 

1.9

 

 

 

3.5

 

 

 

7.5

 

 

 

0.8

 

 

 

8.3

 

 

 

9.1

 

 

 

2.7

 

 

 

11.8

 

Additions

 

 

0.6

 

 

 

0.7

 

 

 

1.3

 

 

 

3.2

 

 

 

0.3

 

 

 

3.5

 

 

 

3.8

 

 

 

1.0

 

 

 

4.8

 

Amortization

 

 

(0.1

)

 

 

(0.2

)

 

 

(0.3

)

 

 

(0.8

)

 

 

(0.2

)

 

 

(1.0

)

 

 

(0.9

)

 

 

(0.4

)

 

 

(1.3

)

Balance as of September 30, 2022

 

$

2.1

 

 

$

2.4

 

 

$

4.5

 

 

$

9.9

 

 

$

0.9

 

 

$

10.8

 

 

$

12.0

 

 

$

3.3

 

 

$

15.3

 

Schedule of Revenues Disaggregation by Product and Service Lines

The following table presents revenues disaggregated by product and service lines:

 

 

 

Successor

 

 

Successor

 

 

 

Predecessor

 

 

 

Successor

 

 

Successor

 

 

 

Predecessor

 

(dollars in millions)

 

Three Months Ended

September 30, 2022

 

 

September 8, 2021 to September 30, 2021

 

 

 

July 1, 2021 to September 7, 2021

 

 

 

Nine Months Ended

September 30, 2022

 

 

September 8, 2021 to September 30, 2021

 

 

 

January 1, 2021 to September 7, 2021

 

Data

 

$

132.8

 

 

$

31.6

 

 

 

$

91.7

 

 

 

$

388.4

 

 

$

31.6

 

 

 

$

334.6

 

Video

 

 

47.8

 

 

 

12.2

 

 

 

 

35.3

 

 

 

 

144.8

 

 

 

12.2

 

 

 

 

131.8

 

Voice

 

 

58.2

 

 

 

15.8

 

 

 

 

46.8

 

 

 

 

175.2

 

 

 

15.8

 

 

 

 

177.3

 

Other

 

 

12.3

 

 

 

2.1

 

 

 

 

6.6

 

 

 

 

33.2

 

 

 

2.1

 

 

 

 

20.5

 

Total Network

 

 

251.1

 

 

 

61.7

 

 

 

 

180.4

 

 

 

 

741.6

 

 

 

61.7

 

 

 

 

664.2

 

Consulting

 

 

86.9

 

 

 

21.6

 

 

 

 

56.5

 

 

 

 

253.8

 

 

 

21.6

 

 

 

 

193.6

 

Cloud

 

 

25.1

 

 

 

6.6

 

 

 

 

18.7

 

 

 

 

74.8

 

 

 

6.6

 

 

 

 

66.4

 

Communications

 

 

56.1

 

 

 

14.2

 

 

 

 

40.1

 

 

 

 

165.3

 

 

 

14.2

 

 

 

 

149.1

 

Infrastructure Solutions

 

 

49.7

 

 

 

9.6

 

 

 

 

23.4

 

 

 

 

121.7

 

 

 

9.6

 

 

 

 

83.3

 

Total IT Services and Hardware

 

 

217.8

 

 

 

52.0

 

 

 

 

138.7

 

 

 

 

615.6

 

 

 

52.0

 

 

 

 

492.4

 

Intersegment revenue

 

 

(6.8

)

 

 

(2.3

)

 

 

 

(4.5

)

 

 

 

(19.8

)

 

 

(2.3

)

 

 

 

(17.9

)

Total revenue

 

$

462.1

 

 

$

111.4

 

 

 

$

314.6

 

 

 

$

1,337.4

 

 

$

111.4

 

 

 

$

1,138.7

 

The following table presents revenues disaggregated by contract type:

 

 

 

Successor

 

 

 

Three Months Ended September 30, 2022

 

(dollars in millions)

 

Network

 

 

IT Services and Hardware

 

 

Intersegment revenue

elimination

 

 

Total

 

Products and Services transferred at a point in time

 

$

6.9

 

 

$

44.8

 

 

$

 

 

$

51.7

 

Products and Services transferred over time

 

 

239.4

 

 

 

171.0

 

 

 

 

 

 

410.4

 

Intersegment revenue

 

 

4.8

 

 

 

2.0

 

 

 

(6.8

)

 

 

 

Total revenue

 

$

251.1

 

 

$

217.8

 

 

$

(6.8

)

 

$

462.1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Successor

 

 

 

September 8, 2021 to September 30, 2021

 

(dollars in millions)

 

Network

 

 

IT Services and Hardware

 

 

Intersegment revenue

elimination

 

 

Total

 

Products and Services transferred at a point in time

 

$

2.1

 

 

$

11.1

 

 

$

 

 

$

13.2

 

Products and Services transferred over time

 

 

58.0

 

 

 

40.2

 

 

 

 

 

 

98.2

 

Intersegment revenue

 

 

1.6

 

 

 

0.7

 

 

 

(2.3

)

 

 

 

Total revenue

 

$

61.7

 

 

$

52.0

 

 

$

(2.3

)

 

$

111.4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Predecessor

 

 

 

July 1, 2021 to September 7, 2021

 

(dollars in millions)

 

Network

 

 

IT Services and Hardware

 

 

Intersegment revenue

elimination

 

 

Total

 

Products and Services transferred at a point in time

 

$

4.1

 

 

$

25.1

 

 

$

 

 

$

29.2

 

Products and Services transferred over time

 

 

172.9

 

 

 

112.5

 

 

 

 

 

 

285.4

 

Intersegment revenue

 

 

3.4

 

 

 

1.1

 

 

 

(4.5

)

 

 

 

Total revenue

 

$

180.4

 

 

$

138.7

 

 

$

(4.5

)

 

$

314.6

 

 

 

 

 

Successor

 

 

 

Nine Months Ended September 30, 2022

 

(dollars in millions)

 

Network

 

 

IT Services and Hardware

 

 

Intersegment revenue

elimination

 

 

Total

 

Products and Services transferred at a point in time

 

$

20.4

 

 

$

121.4

 

 

$

 

 

$

141.8

 

Products and Services transferred over time

 

 

706.7

 

 

 

488.9

 

 

 

 

 

 

1,195.6

 

Intersegment revenue

 

 

14.5

 

 

 

5.3

 

 

 

(19.8

)

 

 

 

Total revenue

 

$

741.6

 

 

$

615.6

 

 

$

(19.8

)

 

$

1,337.4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Successor

 

 

 

September 8, 2021 to September 30, 2021

 

(dollars in millions)

 

Network

 

 

IT Services and Hardware

 

 

Intersegment revenue

elimination

 

 

Total

 

Products and Services transferred at a point in time

 

$

2.1

 

 

$

11.1

 

 

$

 

 

$

13.2

 

Products and Services transferred over time

 

 

58.0

 

 

 

40.2

 

 

 

 

 

 

98.2

 

Intersegment revenue

 

 

1.6

 

 

 

0.7

 

 

 

(2.3

)

 

 

 

Total revenue

 

$

61.7

 

 

$

52.0

 

 

$

(2.3

)

 

$

111.4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Predecessor

 

 

 

January 1, 2021 to September 7, 2021

 

(dollars in millions)

 

Network

 

 

IT Services and Hardware

 

 

Intersegment revenue

elimination

 

 

Total

 

Products and Services transferred at a point in time

 

$

15.8

 

 

$

90.1

 

 

$

 

 

$

105.9

 

Products and Services transferred over time

 

 

635.3

 

 

 

397.5

 

 

 

 

 

 

1,032.8

 

Intersegment revenue

 

 

13.1

 

 

 

4.8

 

 

 

(17.9

)

 

 

 

Total revenue

 

$

664.2

 

 

$

492.4

 

 

$

(17.9

)

 

$

1,138.7