XML 36 R22.htm IDEA: XBRL DOCUMENT v3.10.0.1
Segment Reporting
12 Months Ended
Dec. 31, 2018
Segment Reporting  
Segment Reporting

15.    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 December 31,

 

 

    

2018

    

2017

 

 

 

(In thousands) 

 

Total assets:

 

 

 

 

 

 

 

Pay-TV

 

$

28,981,608

 

$

28,353,581

 

Wireless

 

 

24,433,458

 

 

23,377,088

 

Eliminations

 

 

(22,828,054)

 

 

(21,956,903)

 

Total assets

 

$

30,587,012

 

$

29,773,766

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

All

 

 

 

 

 

 

 

 

 

 

 

 

Other &

 

Consolidated 

 

 

    

Pay-TV

    

Wireless (1)

    

Eliminations

    

Total

 

 

 

(In thousands)

 

Year Ended December 31, 2018

 

 

 

 

 

 

 

 

 

 

 

 

 

Total revenue

 

$

13,621,198

 

$

580

 

$

(476)

 

$

13,621,302

 

Depreciation and amortization

 

 

698,336

 

 

13,688

 

 

 —

 

 

712,024

 

Operating income (loss)

 

 

2,187,675

 

 

(40,054)

 

 

 —

 

 

2,147,621

 

Interest income

 

 

1,495,371

 

 

 —

 

 

(1,450,612)

 

 

44,759

 

Interest expense, net of amounts capitalized

 

 

(1,013,062)

 

 

(452,556)

 

 

1,450,612

 

 

(15,006)

 

Other, net

 

 

8,957

 

 

2,844

 

 

 —

 

 

11,801

 

Income tax (provision) benefit, net

 

 

(650,858)

 

 

117,174

 

 

 —

 

 

(533,684)

 

Net income (loss)

 

 

2,028,083

 

 

(372,592)

 

 

 —

 

 

1,655,491

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 2017

 

 

 

 

 

 

 

 

 

 

 

 

 

Total revenue

 

$

14,391,375

 

$

 —

 

$

 —

 

$

14,391,375

 

Depreciation and amortization

 

 

788,237

 

 

29,327

 

 

 —

 

 

817,564

 

Operating income (loss)

 

 

1,759,130

 

 

(191,365)

 

 

 —

 

 

1,567,765

 

Interest income

 

 

1,306,298

 

 

 —

 

 

(1,265,292)

 

 

41,006

 

Interest expense, net of amounts capitalized

 

 

(1,068,231)

 

 

(260,233)

 

 

1,265,292

 

 

(63,172)

 

Other, net

 

 

104,482

 

 

 6

 

 

 —

 

 

104,488

 

Income tax (provision) benefit, net

 

 

(473,370)

 

 

988,690

 

 

 —

 

 

515,320

 

Net income (loss)

 

 

1,628,309

 

 

537,098

 

 

 —

 

 

2,165,407

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 2016

 

 

 

 

 

 

 

 

 

 

 

 

 

Total revenue

 

$

15,212,302

 

$

 —

 

$

 —

 

$

15,212,302

 

Depreciation and amortization

 

 

877,342

 

 

43,860

 

 

 —

 

 

921,202

 

Operating income (loss)

 

 

2,383,388

 

 

(64,127)

 

 

 —

 

 

2,319,261

 

Interest income

 

 

1,006,243

 

 

3,745

 

 

(978,820)

 

 

31,168

 

Interest expense, net of amounts capitalized

 

 

(876,375)

 

 

(155,586)

 

 

978,820

 

 

(53,141)

 

Other, net

 

 

32,867

 

 

86,448

 

 

 —

 

 

119,315

 

Income tax (provision) benefit, net

 

 

(934,024)

 

 

68,206

 

 

 —

 

 

(865,818)

 

Net income (loss)

 

 

1,612,099

 

 

(61,314)

 

 

 —

 

 

1,550,785

 

 

(1)

Operating income (loss) for the wireless segment was positively impacted for the year ended December 31, 2018 by a decrease in depreciation expense associated with the T1 satellite, which was impaired during 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 Years Ended December 31,

 

Revenue:

 

2018

    

2017

    

2016

 

 

 

(In thousands)

 

United States

 

$

13,578,254

 

$

14,351,558

 

$

15,111,832

 

Canada and Mexico

 

 

43,048

 

 

39,817

 

 

100,470

 

Total revenue

 

$

13,621,302

 

$

14,391,375

 

$

15,212,302

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Years Ended December 31,

 

Category:

 

2018

    

2017

    

2016

 

 

 

(In thousands)

 

Pay-TV video and related revenue

 

$

13,197,994

 

$

13,877,196

 

$

14,576,699

 

Broadband revenue

 

 

258,094

 

 

383,216

 

 

457,240

 

Equipment sales and other revenue

 

 

165,214

 

 

130,963

 

 

178,363

 

Total

 

$

13,621,302

 

$

14,391,375

 

$

15,212,302