Segment Reporting

12 Months Ended

Dec. 31, 2021

Segment Reporting

Segment Reporting

17.    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,
	2021		2020
	(In thousands)
Total assets:
Pay-TV	$	43,799,761	$	36,251,281
Wireless		33,310,090		29,921,237
Eliminations		(29,108,126)		(27,932,571)
Total assets	$	48,001,725	$	38,239,947

					All
					Other &		Consolidated
	Pay-TV		Wireless		Eliminations		Total
	(In thousands)
Year Ended December 31, 2021
Total revenue	$	12,928,707	$	4,957,272	$	(4,873)	$	17,881,106
Depreciation and amortization		538,836		186,016		—		724,852
Operating income (loss)		3,075,580		127,455		—		3,203,035
Interest income		1,346,502		6		(1,335,170)		11,338
Interest expense, net of amounts capitalized		(819,510)		(531,834)		1,335,170		(16,174)
Other, net		(2,917)		23,474		—		20,557
Income tax (provision) benefit, net		(853,362)		90,552		—		(762,810)
Net income (loss)		2,746,293		(290,347)		—		2,455,946
Year Ended December 31, 2020
Total revenue	$	12,897,413	$	2,599,842	$	(3,820)	$	15,493,435
Depreciation and amortization		613,926		100,626		—		714,552
Operating income (loss) (1)		2,903,183		(320,568)		—		2,582,615
Interest income		1,676,953		4		(1,654,223)		22,734
Interest expense, net of amounts capitalized		(922,876)		(744,321)		1,654,223		(12,974)
Other, net		2,020		(22,184)		—		(20,164)
Income tax (provision) benefit, net		(836,296)		138,021		—		(698,275)
Net income (loss)		2,822,984		(949,048)		—		1,873,936
Year Ended December 31, 2019
Total revenue	$	12,810,248	$	1,673	$	(4,237)	$	12,807,684
Depreciation and amortization		621,810		8,767		—		630,577
Operating income (loss)		1,961,700		(82,824)		—		1,878,876
Interest income		1,588,023		—		(1,510,809)		77,214
Interest expense, net of amounts capitalized		(988,295)		(546,201)		1,510,809		(23,687)
Other, net		10,940		584		—		11,524
Income tax (provision) benefit, net		(615,664)		164,306		—		(451,358)
Net income (loss)		1,956,705		(464,136)		—		1,492,569

(1) The year ended December 31, 2020 was negatively impacted by an “Impairment of long-lived assets” of $356 million. See Note 2 for further information.

Geographic Information. Revenue is attributed to geographic regions based upon the location where the goods and services are provided. All service 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:	2021		2020		2019
	(In thousands)
United States	$	17,824,629	$	15,442,371	$	12,759,909
Canada and Mexico		56,477		51,064		47,775
Total revenue	$	17,881,106	$	15,493,435	$	12,807,684

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

	For the Years Ended December 31,
Category:	2021		2020		2019
	(In thousands)
Pay-TV subscriber and related revenue	$	12,748,334	$	12,702,345	$	12,616,442
Wireless services and related revenue		4,142,883		2,143,703		—
Pay-TV equipment sales and other revenue		180,373		195,068		193,806
Wireless equipment sales and other revenue		814,389		456,139		1,673
Eliminations		(4,873)		(3,820)		(4,237)
Total	$	17,881,106	$	15,493,435	$	12,807,684