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Segment Reporting
6 Months Ended
Jun. 30, 2018
Segment Reporting  
Segment Reporting

10.Segment Reporting

 

Operating segments are components of an enterprise for which separate financial information is available and regularly evaluated by the chief operating decision maker(s) of an enterprise.  Operating income is the primary measure used by our chief operating decision maker to evaluate segment operating performance.  We currently operate two primary business segments:  (1) Pay-TV; and (2) Wireless.  See Note 1 for further information.

 

All other and eliminations primarily include intersegment eliminations related to intercompany debt and the related interest income and interest expense, which are eliminated in consolidation.

 

The total assets, revenue and operating income by segment were as follows:

 

 

 

 

 

 

 

 

 

 

As of

 

 

June 30,

 

December 31,

 

 

2018

    

2017

 

 

(In thousands) 

Total assets:

 

 

 

 

 

 

Pay-TV

 

$

28,125,561

 

$

28,353,581

Wireless

 

 

23,892,140

 

 

23,377,088

Eliminations

 

 

(22,367,689)

 

 

(21,956,903)

Total assets

 

$

29,650,012

 

$

29,773,766

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Three Months Ended 

 

For the Six Months Ended 

 

 

June 30,

 

June 30,

 

 

2018

    

2017

    

2018

    

2017

 

 

(In thousands)

Revenue:

 

 

 

 

 

 

 

 

 

 

 

 

Pay-TV

 

$

3,460,845

 

$

3,643,632

 

$

6,919,332

 

$

7,323,993

Wireless

 

 

 —

 

 

 —

 

 

 —

 

 

 —

Eliminations

 

 

 —

 

 

 —

 

 

 —

 

 

 —

Total revenue

 

$

3,460,845

 

$

3,643,632

 

$

6,919,332

 

$

7,323,993

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating income (loss):

 

 

 

 

 

 

 

 

 

 

 

 

Pay-TV

 

$

581,323

 

$

262,919

 

$

1,120,625

 

$

884,584

Wireless (1)

 

 

(8,663)

 

 

(10,816)

 

 

(18,459)

 

 

(25,161)

Eliminations

 

 

 —

 

 

 —

 

 

 —

 

 

 —

Total operating income (loss)

 

$

572,660

 

$

252,103

 

$

1,102,166

 

$

859,423

 

 

 

 

 

 

 

 

 

 

 

 

 

(1)

Operating income (loss) for the wireless segment was positively impacted for the three and six months ended June 30, 2018 by a decrease in depreciation expense associated with the T1 satellite, which was impaired during the fourth quarter 2017.

 

Geographic Information.    Revenue is attributed to geographic regions based upon the location where the goods and services are provided.  All subscriber-related revenue was derived from the United States.  Substantially all of our long-lived assets reside in the United States.

 

The following table summarizes revenue by geographic region:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Three Months Ended 

 

For the Six Months Ended 

 

    

June 30,

 

June 30,

Revenue:

 

2018

    

2017

    

2018

    

2017

 

 

(In thousands)

United States

 

$

3,450,809

 

$

3,632,203

 

$

6,899,825

 

$

7,302,967

Canada and Mexico

 

 

10,036

 

 

11,429

 

 

19,507

 

 

21,026

Total revenue

 

$

3,460,845

 

$

3,643,632

 

$

6,919,332

 

$

7,323,993

 

 

 

 

 

 

 

 

 

 

 

 

 

The revenue from external customers disaggregated by major revenue source was as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Three Months Ended 

 

For the Six Months Ended 

 

 

June 30,

 

June 30,

Category:

    

2018

    

2017

 

2018

    

2017

 

 

(In thousands)

Pay-TV video and related revenue

 

$

3,352,354

 

$

3,512,900

 

$

6,699,951

 

$

7,049,362

Broadband revenue

 

 

67,406

 

 

101,379

 

 

142,513

 

 

209,003

Equipment sales and other revenue

 

 

41,085

 

 

29,353

 

 

76,868

 

 

65,628

Total

 

$

3,460,845

 

$

3,643,632

 

$

6,919,332

 

$

7,323,993

 

 

 

 

 

 

 

 

 

 

 

 

 

All revenues during the three and six months ended June 30, 2018 were derived from our Pay-TV segment.