SEGMENT REPORTING

3 Months Ended

Mar. 31, 2022

SEGMENT REPORTING

SEGMENT REPORTING

13. SEGMENT REPORTING

The Company has the following three reportable and operating segments: i) International Telecom, ii) US Telecom, and iii) Renewable Energy.

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

For the Three Months Ended March 31, 2022
	International		US		Renewable		Corporate and
	Telecom		Telecom		Energy		Other (1)		Consolidated
Revenue
Communication Services
Mobility - Business	$	3,616	$	374	$	—	$	—	$	3,990
Mobility - Consumer		19,970		1,456		—		—		21,426
Total Mobility		23,586		1,830		—		—		25,416
Fixed - Business		17,254		27,145		—		—		44,399
Fixed - Consumer		41,093		18,968		—		—		60,061
Total Fixed		58,347		46,113		—		—		104,460
Carrier Services		3,402		32,989		—		—		36,391
Other		276		—		—		—		276
Total Communication Services Revenue		85,611		80,932		—		—		166,543
Construction		—		1,987		—		—		1,987
Other
Managed Services		1,176		2,313		—		—		3,489
Total Other Revenue		1,176		2,313		—		—		3,489
Total Revenue		86,787		85,232		—		—		172,019
Depreciation		13,897		18,442		—		953		33,292
Amortization of intangibles from acquisitions		418		2,840		—		—		3,258
Non-cash stock-based compensation		60		90		—		1,311		1,461
Operating income (loss)		11,803		(4,635)		(23)		(7,037)		108

For the Three Months Ended March 31, 2021
	International		US		Renewable		Corporate and
	Telecom		Telecom		Energy		Other (1)		Consolidated
Revenue
Communication Services
Mobility - Business	$	1,197	$	576	$	—	$	—	$	1,773
Mobility - Consumer		20,624		2,284		—		—		22,908
Total Mobility		21,821		2,860		—		—		24,681
Fixed - Business		16,634		2,696		—		—		19,330
Fixed - Consumer		42,114		3,674		—		—		45,788
Total Fixed		58,748		6,370		—		—		65,118
Carrier Services		1,883		18,736		—		—		20,619
Other		218		—		—		—		218
Total Communication Services Revenue		82,670		27,966		—		—		110,636
Construction		—		12,306		—		—		12,306
Other
Renewable Energy		—		—		418		—		418
Managed Services		1,150		—		—		—		1,150
Total Other Revenue		1,150		—		418		—		1,568
Total Revenue		83,820		40,272		418		—		124,510
Depreciation		13,429		5,193		188		1,301		20,111
Amortization of intangibles from acquisitions		397		—		—		—		397
Non-cash stock-based compensation		37		15		22		1,262		1,336
Operating income (loss)		13,116		(534)		(662)		(8,571)		3,349

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

Selected balance sheet data for each of the Company’s segments as of March 31, 2022 and December 31, 2021 consists of the following (in thousands):

	International		US		Renewable		Corporate and
	Telecom		Telecom		Energy		Other (1)		Consolidated
March 31, 2022
Cash, cash equivalents, and short term investments	$	40,101	$	29,285	$	705	$	5,957	$	76,048
Total current assets		105,551		108,779		3,653		2,858		220,841
Fixed assets, net		448,064		476,491		—		9,320		933,875
Goodwill		4,835		35,269		—		—		40,104
Total assets		623,497		868,338		17,053		81,819		1,590,707
Total current liabilities		80,857		87,434		356		16,079		184,726
Total debt		63,342		259,159		—		71,500		394,001
December 31, 2021
Cash, cash equivalents, and short term investments	$	43,128	$	28,486	$	659	$	7,628	$	79,901
Total current assets		108,677		111,741		3,585		8,614		232,617
Fixed assets, net		452,856		480,250		—		10,103		943,209
Goodwill		4,835		35,269		—		—		40,104
Total assets		630,515		877,041		17,481		83,567		1,608,604
Total current liabilities		91,090		108,950		356		20,548		220,944
Total debt		64,243		240,802		—		61,499		366,544

	Capital Expenditures
		International		US		Corporate and
Three months ended March 31,		Telecom		Telecom		Other (1)		Consolidated
2022	$	15,170	$	19,095	$	203	$	34,468
2021		10,506		14,939		235		25,680

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