Segment Reporting

6 Months Ended

Jun. 30, 2023

Segment Reporting

Segment Reporting

11.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, and purchases of property and equipment (including capitalized interest related to FCC authorizations) by segment were as follows:

	As of
	June 30,		December 31,
	2023		2022
	(In thousands)
Total assets:
Pay-TV	$	47,843,359	$	46,295,495
Wireless (1)		48,434,467		46,261,004
Eliminations (1)		(42,588,885)		(39,949,937)
Total assets	$	53,688,941	$	52,606,562

(1) The increase primarily resulted from intercompany advances for capital expenditures related to our 5G Network Deployment.

	For the Three Months Ended				For the Six Months Ended
	June 30,				June 30,
	2023		2022		2023		2022
	(In thousands)
Revenue:
Pay-TV	$	2,975,140	$	3,153,263	$	5,947,271	$	6,320,826
Wireless		937,977		1,058,001		1,924,248		2,223,458
Eliminations		(1,540)		(1,301)		(2,960)		(3,701)
Total revenue	$	3,911,577	$	4,209,963	$	7,868,559	$	8,540,583
Operating income (loss):
Pay-TV	$	720,792	$	785,471	$	1,396,025	$	1,537,517
Wireless		(514,458)		(92,536)		(866,268)		(294,222)
Total operating income (loss)	$	206,334	$	692,935	$	529,757	$	1,243,295
Purchases of property and equipment (including capitalized interest related to FCC authorizations):
Pay-TV	$	67,630	$	31,249	$	103,193	$	63,255
Wireless		1,183,891		866,706		2,054,933		1,730,991
Total purchases of property and equipment (including capitalized interest related to FCC authorizations)	$	1,251,521	$	897,955	$	2,158,126	$	1,794,246

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 Three Months Ended				For the Six Months Ended
	June 30,				June 30,
Revenue:	2023		2022		2023		2022
	(In thousands)
United States	$	3,900,974	$	4,198,910	$	7,847,658	$	8,521,086
Canada and Mexico		10,603		11,053		20,901		19,497
Total revenue	$	3,911,577	$	4,209,963	$	7,868,559	$	8,540,583

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:	2023		2022		2023		2022
	(In thousands)
Pay-TV subscriber and related revenue	$	2,868,824	$	3,113,608	$	5,811,134	$	6,243,342
Wireless services and related revenue		853,918		915,800		1,721,029		1,861,188
Pay-TV equipment sales and other revenue		106,316		39,655		136,137		77,484
Wireless equipment sales and other revenue		84,059		142,201		203,219		362,270
Eliminations		(1,540)		(1,301)		(2,960)		(3,701)
Total	$	3,911,577	$	4,209,963	$	7,868,559	$	8,540,583