XML 15 R4.htm IDEA: XBRL DOCUMENT v3.22.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
REVENUE:        
Total Revenue $ 179,497 $ 123,865 $ 351,517 $ 248,375
OPERATING EXPENSES (excluding depreciation and amortization unless otherwise indicated):        
Selling, general and administrative 59,178 40,652 115,519 78,344
Transaction-related charges 412 1,396 966 2,126
Depreciation and amortization 33,817 19,739 67,109 39,849
Amortization of intangibles from acquisitions 3,250 416 6,508 813
(Gain) Loss on disposition of long-lived assets (28) 743 3,392 861
Total operating expenses 177,775 120,960 349,684 242,121
Income from operations 1,722 2,905 1,833 6,254
OTHER INCOME (EXPENSE)        
Interest income   46 3 40
Interest expense (4,278) (1,137) (7,593) (2,285)
Other income (2,724) (66) 1,474 2,309
Other income (expense), net (7,002) (1,157) (6,116) 64
INCOME BEFORE INCOME TAXES (5,280) 1,748 (4,283) 6,318
Income tax provision (3,971) (1,542) (1,018) (1,247)
NET INCOME (LOSS) (1,309) 3,290 (3,265) 7,565
Net income (loss) attributable to noncontrolling interests, net of tax expense (benefit) of $0 million, $0.3 million, $(0.5) million, and $0.4 million, respectively. 784 (1,271) 1,794 (2,842)
NET INCOME (LOSS) ATTRIBUTABLE TO ATN INTERNATIONAL, INC. STOCKHOLDERS $ (525) $ 2,019 $ (1,471) $ 4,723
NET INCOME (LOSS) PER WEIGHTED AVERAGE SHARE ATTRIBUTABLE TO ATN INTERNATIONAL, INC. STOCKHOLDERS:        
Basic (in dollars per share) $ (0.11) $ 0.13 $ (0.24) $ 0.30
Diluted (in dollars per share) $ (0.11) $ 0.13 $ (0.24) $ 0.30
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:        
Basic (in shares) 15,749 15,912 15,736 15,907
Diluted (in shares) 15,749 15,921 15,736 15,930
DIVIDENDS PER SHARE APPLICABLE TO COMMON STOCK $ 0.17 $ 0.17 $ 0.34 $ 0.34
Communication services        
REVENUE:        
Total Revenue $ 171,795 $ 112,964 $ 338,338 $ 223,599
OPERATING EXPENSES (excluding depreciation and amortization unless otherwise indicated):        
Cost of services 77,860 48,479 150,871 97,986
Construction        
REVENUE:        
Total Revenue 3,297 9,325 5,283 21,632
OPERATING EXPENSES (excluding depreciation and amortization unless otherwise indicated):        
Cost of services 3,286 9,535 5,319 22,142
Other revenue        
REVENUE:        
Total Revenue $ 4,405 $ 1,576 $ 7,896 $ 3,144