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Quarterly Results of Operations (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Results of Operations
The following is a tabulation of the unaudited quarterly results of operations for the years ended December 31, 2017 and 2016 (in thousands, except per share amounts):
 
 
Quarters Ended
 
 
March 31,
2017
 
June 30,
2017
 
September 30,
2017
 
December 31,
2017
Revenue
 
$
354,542

 
$
340,383

 
$
368,672

 
$
418,949

Other Revenue
 
36,026

 
38,269

 
37,737

 
39,545

Net revenue
 
390,568

 
378,652

 
406,409

 
458,494

Cost of revenue
 
314,414

 
308,664

 
324,673

 
365,318

Other operating expenses
 
75,182

 
81,183

 
71,171

 
94,650

Income (loss) from operations
 
972

 
(11,195
)
 
10,565

 
(1,474
)
 
 
 
 
 
 
 
 
 
Net loss attributable to common stock and participating preferred stockholders
 
$
(15,079
)
 
$
(18,704
)
 
$
(6,670
)
 
$
(9,225
)
 
 
 
 
 
 
 
 
 
Weighted average common shares outstanding-basic and diluted
 
41,948

 
42,691

 
43,013

 
43,623

 
 
 
 
 
 
 
 
 
Basic and Diluted income (loss) per common share:
 
 
 
 
 
 
 
 
Net income (loss) attributable to HC2 Holdings, Inc.
 
$
(0.36
)
 
$
(0.44
)
 
$
(0.16
)
 
$
(0.21
)
 
 
Quarters Ended
 
 
March 31,
2016
 
June 30,
2016
 
September 30,
2016
 
December 31,
2016
Revenue
 
$
302,606

 
$
323,131

 
$
378,538

 
$
411,394

Other revenue
 
29,138

 
36,162

 
34,546

 
42,611

Net revenue
 
331,744

 
359,293

 
413,084

 
454,005

Cost of revenue
 
274,550

 
284,483

 
333,860

 
361,148

Other operating expenses
 
76,567

 
68,832

 
72,370

 
87,737

Income (loss) from operations
 
(19,373
)
 
5,978

 
6,854

 
5,120

 
 
 
 
 
 
 
 
 
Income (loss) from continuing operations attributable to HC2 Holdings, Inc. - common holders
 
(31,531
)
 
891

 
(7,506
)
 
(67,252
)
Income (loss) from continuing operations attributable to HC2 Holdings, Inc. - preferred holders
 

 

 

 

Net loss attributable to common stock and participating preferred stockholders
 
$
(31,531
)
 
$
891

 
$
(7,506
)
 
$
(67,252
)
 
 
 
 
 
 
 
 
 
Weighted average common shares outstanding-basic and diluted
 
35,262

 
35,518

 
36,627

 
41,570

 
 
 
 
 
 
 
 
 
Basic income (loss) per common share:
 
 
 
 
 
 
 
 
Income (loss) from continuing operations attributable to HC2 Holdings, Inc. - common holders
 
$
(0.89
)
 
$
0.02

 
$
(0.20
)
 
$
(1.62
)
Income (loss) from continuing operations attributable to HC2 Holdings, Inc. - preferred holders
 

 

 

 

Net income (loss) attributable to HC2 Holdings, Inc.
 
$
(0.89
)
 
$
0.02

 
$
(0.20
)
 
$
(1.62
)
 
 
 
 
 
 
 
 
 
Diluted income (loss) per common share:
 
 
 
 
 
 
 
 
Income (loss) from continuing operations attributable to HC2 Holdings, Inc. - common holders
 
$
(0.89
)
 
$
0.02

 
$
(0.20
)
 
$
(1.62
)
Income (loss) from continuing operations attributable to HC2 Holdings, Inc. - preferred holders
 

 

 

 

Net income (loss) attributable to HC2 Holdings, Inc.
 
$
(0.89
)
 
$
0.02

 
$
(0.20
)
 
$
(1.62
)