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Operating Segment and Related Information (Tables)
12 Months Ended
Dec. 31, 2019
Segment Reporting [Abstract]  
Schedules of Concentration of Risk, by Risk Factor The Company's revenue concentrations of 10% and greater are as follows:
As a result of the sale of GMSL, and in accordance with ASC 280, the Company no longer considers the results of operations and Balance Sheets of GMH and its subsidiaries as a separate segment. Formerly part of the Marine Services segment, these entities and the investment in HMN have been reclassified to the Other segment. In addition, as GMSL is a discontinued operation, all operating results of GMSL have been reclassified to discontinued operations. This has been reflected in the tables below for both the current and historical periods presented.


Years Ended December 31,
 Segment20192018
Customer ATelecommunications11.3%12.1%
Summary of Company's Geographic and Operating Segments
Summary information with respect to the Company’s operating segments is as follows (in millions):

 Years Ended December 31,
 20192018
Net revenue
Construction$713.3 $716.4 
Energy39.0 20.7 
Telecommunications696.1 793.6 
Insurance331.6 217.1 
Life Sciences— — 
Broadcasting41.8 45.4 
Other— 3.7 
Non-operating Corporate— — 
Eliminations (*)
(10.2)(14.5)
Total net revenue$1,811.6 $1,782.4 
(*) The Insurance segment revenues are inclusive of realized and unrealized gains and net investment income for the year ended December 31, 2019 and 2018 which are related to entities under common control which are eliminated or are reclassified in consolidation.

 Years Ended December 31,
 20192018
Income (loss) from operations
Construction$45.1 $41.9 
Energy10.1 (0.5)
Telecommunications(1.8)4.8 
Insurance37.3 1.8 
Life Sciences(8.9)(13.8)
Broadcasting(11.4)(24.0)
Other(1.7)(2.5)
Non-operating Corporate(25.0)(33.6)
Eliminations (*)
(10.2)(14.5)
Total income (loss) from operations$33.5 $(40.4)
(*) The Insurance segment revenues are inclusive of realized and unrealized gains and net investment income for the year ended December 31, 2019 and 2018 which are related to transactions between entities under common control which are eliminated or are reclassified in consolidation.
A reconciliation of the Company's consolidated segment operating income to consolidated earnings before income taxes is as follows (in millions):

 Years Ended December 31,
 20192018
Income (loss) from operations$33.5 $(40.4)
Interest expense(79.5)(69.7)
Gain on sale and deconsolidation of subsidiary— 105.1 
Income from equity investees1.6 8.4 
Gain on bargain purchase1.1 115.4 
Other income6.2 77.8 
(Loss) income from continuing operations(37.1)196.6 
Income tax benefit (expense)20.3 (2.2)
(Loss) income from continuing operations(16.8)194.4 
Loss from discontinued operations(19.3)(14.5)
Net (loss) income(36.1)179.9 
Net loss (income) attributable to noncontrolling interest and redeemable noncontrolling interest4.6 (17.9)
Net (loss) income attributable to HC2 Holdings, Inc.(31.5)162.0 
Less: Preferred dividends, deemed dividends, and repurchase gains— 6.4 
Net (loss) income attributable to common stock and participating preferred stockholders$(31.5)$155.6 

 Years Ended December 31,
 20192018
Depreciation and Amortization
Construction$15.5 7.4 
Energy6.9 5.5 
Telecommunications0.3 0.3 
Insurance (*)
(23.1)(12.4)
Life Sciences0.3 0.2 
Broadcasting6.3 3.3 
Other— 0.1 
Non-operating Corporate0.1 0.1 
Total$6.3 $4.5 
(*) Balance includes amortization of negative VOBA, which increases net income.

 Years Ended December 31,
 20192018
Capital Expenditures (*)
Construction$9.8 $14.9 
Energy1.1 1.5 
Telecommunications— 0.1 
Insurance0.6 0.3 
Life Sciences0.1 — 
Broadcasting14.2 1.1 
Non-operating Corporate— 0.1 
Total$25.8 $18.0 
(*) The above capital expenditures exclude assets acquired under terms of capital lease and vendor financing obligations.
Segment Reporting for Long-term investments, Property and Equipment - Net and Assets
December 31,
 20192018
Investments
Construction$0.9 $0.9 
Insurance4,423.0 3,821.4 
Life Sciences22.0 16.3 
Other43.1 42.8 
Eliminations(96.9)(80.5)
Total$4,392.1 $3,800.9 
December 31,
 20192018
Total Assets
Construction$530.4 $537.9 
Energy142.8 77.6 
Telecommunications89.3 139.9 
Insurance5,611.9 5,213.1 
Life Sciences28.4 35.6 
Broadcasting257.9 202.8 
Other366.3 368.2 
Non-operating Corporate27.2 9.2 
Eliminations(95.9)(80.5)
Total$6,958.3 $6,503.8