SEGMENT REPORTING

9 Months Ended

Sep. 30, 2017

SEGMENT REPORTING

SEGMENT REPORTING

11. SEGMENT REPORTING

The Company’s reportable segments consist of the following: i) U.S. Telecom, consisting of the Company’s former U.S. Wireless and U.S. Wireline segments, ii) International Telecom, consisting of the Company’s former Island Wireless and International Integrated Telephony segments and the results of its One Communications and Viya Acquisitions as discussed below, and iii) Renewable Energy, consisting of the Company’s former Renewable Energy segment and the results of its Vibrant Energy Acquisition. 

The following tables provide information for each operating segment (in thousands):

For the Three Months Ended September 30, 2017
	U.S.		International		Renewable		Corporate and
	Telecom		Telecom		Energy		Other (1)		Consolidated
Revenue
Wireless	$	36,830	$	20,424	$	—	$	—	$	57,254
Wireline		2,336		53,973		—		—		56,309
Renewable Energy		—		—		4,974		—		4,974
Equipment and Other		945		2,614		36		—		3,595
Total Revenue		40,111		77,011		5,010		—		122,132
Depreciation and amortization		6,301		12,088		1,656		1,112		21,157
Non-cash stock-based compensation		—		8		29		1,621		1,658
Operating income (loss)		15,987		(28,491)		976		(7,997)		(19,525)

For the Three Months Ended September 30, 2016
	U.S.		International		Renewable		Corporate and
	Telecom		Telecom		Energy		Other (1)		Consolidated
Revenue
Wireless	$	40,076	$	21,075	$	—	$	—	$	61,151
Wireline		6,936		59,193		—		—		66,129
Renewable Energy		—		—		5,784		—		5,784
Equipment and Other		548		5,045		138		—		5,731
Total Revenue		47,560		85,313		5,922		—		138,795
Depreciation and amortization		6,211		12,861		1,227		1,567		21,866
Non-cash stock-based compensation		—		—		28		1,371		1,399
Operating income (loss)		18,120		11,358		2,822		(10,219)		22,081

For the Nine Months Ended September 30, 2017
	U.S.		International		Renewable		Corporate and
	Telecom		Telecom		Energy		Other (1)		Consolidated
Revenue
Wireless	$	108,499	$	59,446	$	—	$	—	$	167,945
Wireline		10,443		171,125		—		—		181,568
Renewable Energy		—		—		14,765		—		14,765
Equipment and Other		1,939		7,101		174		—		9,214
Total Revenue		120,881		237,672		14,939		—		373,492
Depreciation and amortization		19,098		38,339		4,941		3,526		65,904
Non-cash stock-based compensation		—		146		86		5,205		5,437
Operating income (loss)		44,520		(7,713)		3,263		(25,952)		14,118

For the Nine Months Ended September 30, 2016
	U.S.		International		Renewable		Corporate and
	Telecom		Telecom		Energy		Other (1)		Consolidated
Revenue
Wireless	$	117,194	$	60,106	$	—	$	—	$	177,300
Wireline		18,793		103,397		—		—		122,190
Renewable Energy		—		—		16,935		—		16,935
Equipment and Other		1,716		10,071		259		—		12,046
Total Revenue		137,703		173,574		17,194		—		328,471
Depreciation and amortization		17,510		27,376		3,642		4,385		52,913
Non-cash stock-based compensation		—		—		86		4,946		5,032
Operating income (loss)		39,698		28,320		(734)		(27,398)		39,886

(1) Corporate and Other items refer to corporate overhead costs and consolidating adjustments

Selected balance sheet data for each of our segments as of September 30, 2017 and December 31, 2016 consists of the following (in thousands):

	U.S.		International		Renewable		Corporate and
	Telecom		Telecom		Energy		Other (1)		Consolidated
September 30, 2017
Cash, Cash equivalents, and Investments	$	31,328	$	111,336	$	19,147	$	70,643	$	232,454
Total current assets		61,473		163,235		25,301		84,729		334,738
Fixed assets, net		100,349		347,421		158,554		18,271		624,595
Goodwill		35,268		25,421		3,280		—		63,969
Total assets		221,528		586,747		201,024		174,719		1,184,018
Total current liabilities		53,065		86,359		18,561		15,692		173,677
Total debt		—		95,464		64,187		—		159,651
December 31, 2016
Cash, Cash equivalents, and Investments	$	22,235	$	97,681	$	27,378	$	131,664	$	278,958
Total current assets		50,983		143,201		37,440		135,745		367,369
Fixed assets, net		129,274		372,741		130,268		15,429		647,712
Goodwill		35,268		24,326		3,279		—		62,873
Total assets		240,006		597,454		190,253		170,505		1,198,218
Total current liabilities		23,162		95,502		12,603		18,838		150,105
Total debt		—		91,316		65,507		—		156,823

		CapitalExpenditures
		U.S.		International		Renewable		Corporate and
Nine months ended September 30,		Telecom		Telecom		Energy		Other (1)		Consolidated
2017	$	17,396	$	54,775	$	31,327	$	4,778	$	108,276
2016		26,709		36,543		10,326		4,877		78,455

(1) Corporate and Other items refer to corporate overhead costs and consolidating adjustments.