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 | ) |
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