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Revenue from Contracts with Customers
6 Months Ended
Jun. 30, 2019
Revenue from Contracts with Customers  
Revenue from Contracts with Customers

Note 3. Revenue from Contracts with Customers

Revenue by Service Offering

The following table presents revenue by service offering for the three months ended June 30, 2019 and 2018, respectively:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended June 30, 2019

 

Three months ended June 30, 2018

 

 

Residential

 

Business

 

Total

 

Residential

 

Business

 

Total

 

    

Subscription

    

Subscription

    

Revenue

    

Subscription

    

Subscription

    

Revenue

 

 

(in millions)

HSD

 

$

110.5

 

$

19.9

 

$

130.4

 

$

99.0

 

$

18.5

 

$

117.5

Video

 

 

105.9

 

 

3.7

 

 

109.6

 

 

119.3

 

 

3.8

 

 

123.1

Telephony

 

 

15.7

 

 

10.7

 

 

26.4

 

 

18.9

 

 

10.3

 

 

29.2

Total subscription services revenue

 

$

232.1

 

$

34.3

 

$

266.4

 

$

237.2

 

$

32.6

 

$

269.8

Other business services revenue (1)

 

 

 —

 

 

 —

 

 

7.1

 

 

 —

 

 

 —

 

 

6.8

Other revenue

 

 

 —

 

 

 —

 

 

16.2

 

 

 —

 

 

 —

 

 

14.7

Total revenue

 

$

232.1

 

$

34.3

 

$

289.7

 

$

237.2

 

$

32.6

 

$

291.3


(1)

Includes wholesale and colocation lease revenue of $5.4 million and $5.2 million for the three months ended June 30, 2019 and 2018, respectively.

The following table presents revenue by service offering for the six months ended June 30, 2019 and 2018, respectively:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six months ended June 30, 2019

 

Six months ended June 30, 2018

 

 

Residential

 

Business

 

Total

 

 

Residential

 

 

Business

 

 

Total

 

    

Subscription

    

Subscription

    

Revenue

    

    

Subscription

    

    

Subscription

    

    

Revenue

 

 

(in millions)

HSD

 

$

218.6

 

$

39.3

 

$

257.9

 

$

193.3

 

$

35.9

 

$

229.2

Video

 

 

213.3

 

 

7.3

 

 

220.6

 

 

237.8

 

 

7.1

 

 

244.9

Telephony

 

 

31.7

 

 

21.4

 

 

53.1

 

 

38.2

 

 

21.0

 

 

59.2

Total subscription services revenue

 

$

463.6

 

$

68.0

 

$

531.6

 

$

469.3

 

$

64.0

 

$

533.3

Other business services revenue (1)

 

 

 —

 

 

 —

 

 

14.2

 

 

 —

 

 

 —

 

 

14.0

Other revenue

 

 

 —

 

 

 —

 

 

31.1

 

 

 —

 

 

 —

 

 

29.5

Total revenue

 

$

463.6

 

$

68.0

 

$

576.9

 

$

469.3

 

$

64.0

 

$

576.8


(1)

Includes wholesale and colocation lease revenue of $10.9 million and $11.0 million for the six months ended June 30, 2019 and 2018, respectively.

Costs of Obtaining Contracts with Customers

As of June 30, 2019, the current portion of costs of obtaining contracts with customers of $7.5 million and non-current portion of costs of obtaining contracts with customers of $25.3 million are included in prepaid expenses and other noncurrent assets, respectively, in the Company’s condensed consolidated balance sheet. As of December 31, 2018 the current and non-current portion of costs of obtaining contracts with customers was $6.0 million and $20.3 million, respectively.

Contract Liabilities

As of June 30, 2019, the current portion of contract liabilities of $3.5 million and the non-current portion of contract liabilities of $0.6 million are included in current portion of unearned service revenue and other non-current liabilities, respectively, in the Company’s condensed consolidated balance sheet. As of December 31, 2018, the current and non-current portion of contract liabilities was $3.3 million and $0.6 million, respectively.

Unsatisfied Performance Obligations

Revenue from month-to-month residential subscription service contracts have historically represented a significant portion of the Company’s revenue and the Company expects that this will continue to be the case in future periods.  All residential subscription service performance obligations will be satisfied within one year.

A summary of expected commercial revenue to be recognized in future periods related to performance obligations which have not been satisfied or are partially unsatisfied as of June 30, 2019 is set forth in the table below:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

2019

    

2020

    

2021

    

Thereafter

    

Total

 

 

(in millions)

Subscription services

 

$

42.2

 

$

58.2

 

$

29.0

 

$

13.7

 

$

143.1

Other business services

 

 

2.6

 

 

2.1

 

 

0.9

 

 

0.8

 

 

6.4

Total expected revenue

 

$

44.8

 

$

60.3

 

$

29.9

 

$

14.5

 

$

149.5