UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
FORM
CURRENT REPORT
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Item 7.01. Regulation FD Disclosure.
As set forth in the Company’s Current Report on Form 8-K, filed with the U.S. Securities and Exchange Commission on April 29, 2020 by ATN International, Inc. (the “Company”), effective January 1, 2020, the Company announced the restructuring of its presentation of revenue in the Condensed Consolidated Statement of Operations and in the Selected Segment Financial Information tables. This change is intended to better align the Company’s reporting of financial performance with industry competitors and the views of Company management, and to facilitate a more constructive dialogue with the investment community.
On May 5, 2020, the Company posted on its website certain recast historical financial information that reflects the change in presentation in its revenue categories described above for the three month and quarterly periods ended March 31, 2019, June 30, 2019, September 30, 2019 and December 31, 2019. The recast financial information is available at https://ir.atni.com/financial-information.
The foregoing changes impact only the manner in which the results for the Company's performance were previously reported, are being furnished solely to aid investors by providing supplemental information, and do not represent a restatement of the Company's previously issued consolidated financial statements that were included in the Company's 2019 Form 10-K, as amended. The Company's quarterly 2019 recast financial information, previously presented in earnings releases for the same periods, is attached as Exhibit 99.1. In accordance with General Instruction B.2 of Form 8-K, the information in Item 7.01 of this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section. The information in Item 7.01 of this Current Report on Form 8-K shall not be incorporated by reference into any filing or other document pursuant to the Securities Act of 1933, as amended, except as may be expressly set forth by specific reference in such filing or document.
Item 9.01 | Financial Statements and Exhibits |
(d) Exhibits.
99.1 | Recast 2019 Quarterly Revenue Categories. |
104 | Cover page formatted in Inline XBRL. |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
ATN INTERNATIONAL, INC. | ||
By: | /s/ Justin D. Benincasa | |
Justin D. Benincasa | ||
Chief Financial Officer | ||
Dated: May 5, 2020. |
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Exhibit 99.1
Recast 2019 Quarterly Revenue Categories
For the Three Months Ended March 31, 2019 | ||||||||||||||||||||
International | US | Renewable | Corporate | |||||||||||||||||
Telecom | Telecom | Energy | and Other | Total | ||||||||||||||||
Total Revenues | ||||||||||||||||||||
Communications Services | 79,107 | 21,358 | - | - | 100,465 | |||||||||||||||
Other | 1,210 | 135 | 1,490 | - | 2,835 | |||||||||||||||
Total | 80,317 | 21,493 | 1,490 | - | 103,300 | |||||||||||||||
Communications Services | ||||||||||||||||||||
Mobility | 19,755 | 3,909 | - | - | 23,664 | |||||||||||||||
Fixed | 56,694 | 763 | - | - | 57,457 | |||||||||||||||
Carrier Services | 2,471 | 16,686 | - | - | 19,157 | |||||||||||||||
Other | 187 | - | - | - | 187 | |||||||||||||||
Total | 79,107 | 21,358 | - | - | 100,465 | |||||||||||||||
Other | ||||||||||||||||||||
Renewable Energy | - | - | 1,490 | - | 1,490 | |||||||||||||||
Managed Services | 1,210 | 135 | - | - | 1,345 | |||||||||||||||
Other | 1,210 | 135 | 1,490 | - | 2,835 |
For the Three Months Ended June 30, 2019 | ||||||||||||||||||||
International | US | Renewable | Corporate | |||||||||||||||||
Telecom | Telecom | Energy | and Other | Total | ||||||||||||||||
Total Revenues | ||||||||||||||||||||
Communications Services | 78,595 | 26,266 | - | - | 104,861 | |||||||||||||||
Other | 1,264 | 148 | 1,448 | - | 2,860 | |||||||||||||||
Total | 79,859 | 26,414 | 1,448 | - | 107,721 | |||||||||||||||
Communications Services | ||||||||||||||||||||
Mobility | 20,339 | 4,374 | - | - | 24,713 | |||||||||||||||
Fixed | 55,614 | 2,240 | - | - | 57,854 | |||||||||||||||
Carrier Services | 2,456 | 19,652 | - | - | 22,108 | |||||||||||||||
Other | 186 | - | - | - | 186 | |||||||||||||||
Total | 78,595 | 26,266 | - | - | 104,861 | |||||||||||||||
Other | ||||||||||||||||||||
Renewable Energy | - | - | 1,448 | - | 1,448 | |||||||||||||||
Managed Services | 1,264 | 148 | - | - | 1,412 | |||||||||||||||
Other | 1,264 | 148 | 1,448 | - | 2,860 |
For the Three Months Ended September 30, 2019 | ||||||||||||||||||||
International | US | Renewable | Corporate | |||||||||||||||||
Telecom | Telecom | Energy | and Other | Total | ||||||||||||||||
Total Revenues | ||||||||||||||||||||
Communications Services | 79,947 | 32,877 | - | - | 112,824 | |||||||||||||||
Other | 1,338 | 16 | 1,438 | - | 2,792 | |||||||||||||||
Total | 81,285 | 32,893 | 1,438 | - | 115,616 | |||||||||||||||
Communications Services | ||||||||||||||||||||
Mobility | 20,695 | 4,451 | - | - | 25,146 | |||||||||||||||
Fixed | 56,390 | 2,832 | - | - | 59,222 | |||||||||||||||
Carrier Services | 2,447 | 25,594 | - | - | 28,041 | |||||||||||||||
Other | 415 | - | - | - | 415 | |||||||||||||||
Total | 79,947 | 32,877 | - | - | 112,824 | |||||||||||||||
Other | ||||||||||||||||||||
Renewable Energy | - | - | 1,438 | - | 1,438 | |||||||||||||||
Managed Services | 1,338 | 16 | - | - | 1,354 | |||||||||||||||
Other | 1,338 | 16 | 1,438 | - | 2,792 |
For the Three Months Ended December 31, 2019 | ||||||||||||||||||||
International | US | Renewable | Corporate | |||||||||||||||||
Telecom | Telecom | Energy | and Other | Total | ||||||||||||||||
Total Revenues | ||||||||||||||||||||
Communications Services | 81,720 | 27,836 | - | - | 109,556 | |||||||||||||||
Other | 1,359 | 13 | 1,158 | - | 2,530 | |||||||||||||||
Total | 83,079 | 27,849 | 1,158 | - | 112,086 | |||||||||||||||
Communications Services | ||||||||||||||||||||
Mobility | 21,169 | 3,995 | - | - | 25,164 | |||||||||||||||
Fixed | 58,048 | 2,967 | - | - | 61,015 | |||||||||||||||
Carrier Services | 2,131 | 20,874 | - | - | 23,005 | |||||||||||||||
Other | 372 | - | - | - | 372 | |||||||||||||||
Total | 81,720 | 27,836 | - | - | 109,556 | |||||||||||||||
Other | ||||||||||||||||||||
Renewable Energy | - | - | 1,158 | - | 1,158 | |||||||||||||||
Managed Services | 1,359 | 13 | - | - | 1,372 | |||||||||||||||
Other | 1,359 | 13 | 1,158 | - | 2,530 |
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Cover |
May 05, 2020 |
---|---|
Cover [Abstract] | |
Document Type | 8-K |
Amendment Flag | false |
Document Period End Date | May 05, 2020 |
Entity File Number | 001-12593 |
Entity Registrant Name | ATN INTERNATIONAL, INC. |
Entity Central Index Key | 0000879585 |
Entity Tax Identification Number | 47-0728886 |
Entity Incorporation, State or Country Code | DE |
Entity Address, Address Line One | 500 Cummings Center |
Entity Address, City or Town | Beverly |
Entity Address, State or Province | MA |
Entity Address, Postal Zip Code | 01915 |
City Area Code | 978 |
Local Phone Number | 619-1300 |
Written Communications | false |
Soliciting Material | false |
Pre-commencement Tender Offer | false |
Pre-commencement Issuer Tender Offer | false |
Title of 12(b) Security | Common Stock, par value $.01 per share |
Trading Symbol | ATNI |
Security Exchange Name | NASDAQ |
Entity Emerging Growth Company | false |