SEGMENT REPORTING

6 Months Ended

Jun. 30, 2020

SEGMENT REPORTING

SEGMENT REPORTING

12. SEGMENT REPORTING

The Company has the following three reportable and operating segments: i) International Telecom, ii) US Telecom, and iii) Renewable Energy.

The following tables provide information for each operating segment (in thousands):

For the Three Months Ended June 30, 2020
	International		US		Renewable		Corporate and
	Telecom		Telecom		Energy		Other (1)		Consolidated
Revenue
Communication Services
Mobility	$	19,062	$	2,367	$	—	$	—	$	21,429
Fixed		56,567		4,937		—		—		61,504
Carrier Services		1,897		20,856		—		—		22,753
Other		554		—		—		—		554
Total Communication Services Revenue		78,080		28,160		—		—		106,240
Other
Renewable Energy		—		—		874		—		874
Managed Services		1,984		—		—		—		1,984
Total Other Revenue		1,984		—		874		—		2,858
Total Revenue		80,064		28,160		874		—		109,098
Depreciation and amortization		14,132		5,717		486		1,656		21,991
Non-cash stock-based compensation		28		—		131		1,402		1,561
Operating income (loss)		14,617		1,826		(620)		(8,799)		7,024

For the Three Months Ended June 30, 2019
	International		US		Renewable		Corporate and
	Telecom		Telecom		Energy		Other (1)		Consolidated
Revenue
Communication Services
Mobility	$	21,007	$	2,800	$	—	$	—	$	23,807
Fixed		54,954		3,622		—		—		58,576
Carrier Services		2,306		19,992		—		—		22,298
Other		338		—		—		—		338
Total Communication Services Revenue		78,605		26,414		—		—		105,019
Other
Renewable Energy		—		—		1,448		—		1,448
Managed Services		1,254		—		—				1,254
Total Other Revenue		1,254		—		1,448		—		2,702
Total Revenue		79,859		26,414		1,448		—		107,721
Depreciation and amortization		13,606		5,551		638		1,754		21,549
Non-cash stock-based compensation		11		—		—		2,017		2,028
Operating income (loss)		11,057		1,521		167		(9,991)		2,754

For the Six Months Ended June 30, 2020
	International		US		Renewable		Corporate and
	Telecom		Telecom		Energy		Other (1)		Consolidated
Revenue
Communication Services
Mobility	$	39,198	$	4,770	$	—	$	—	$	43,968
Fixed		115,056		9,762		—		—		124,818
Carrier Services		3,541		40,927		—		—		44,468
Other		891		—		—		—		891
Total Communication Services Revenue		158,686		55,459		—		—		214,145
Other
Renewable Energy		—		—		2,196		—		2,196
Managed Services		3,663		—		—		—		3,663
Total Other Revenue		3,663		—		2,196		—		5,859
Total Revenue		162,349		55,459		2,196		—		220,004
Depreciation and amortization		28,448		11,602		1,100		3,359		44,509
Non-cash stock-based compensation		(9)		—		131		2,599		2,721
Operating income (loss)		28,005		4,019		(1,077)		(16,623)		14,324

For the Six Months Ended June 30, 2019
	International		US		Renewable		Corporate and
	Telecom		Telecom		Energy		Other (1)		Consolidated
Revenue
Communication Services
Mobility	$	41,402	$	5,494	$	—	$	—	$	46,896
Fixed		111,080		5,581		—		—		116,661
Carrier Services		4,567		36,832		—		—		41,399
Other		677		—		—		—		677
Total Communication Services Revenue		157,726		47,907		—		—		205,633
Other
Renewable Energy		—		—		2,938		—		2,938
Managed Services		2,450		—		—				2,450
Total Other Revenue		2,450		—		2,938		—		5,388
Total Revenue		160,176		47,907		2,938		—		211,021
Depreciation and amortization		26,621		11,149		1,253		3,244		42,267
Non-cash stock-based compensation		21		—		—		3,313		3,334
Operating income (loss)		24,936		(2,006)		(16)		(18,045)		4,869

(1) Corporate and Other items refer to corporate overhead costs and consolidating adjustments

Selected balance sheet data for each of the Company’s segments as of June 30, 2020 and December 31, 2019 consists of the following (in thousands):

	International		US		Renewable		Corporate and
	Telecom		Telecom		Energy		Other (1)		Consolidated
June 30, 2020
Cash, Cash equivalents, and Investments	$	60,598	$	29,304	$	22,801	$	12,380	$	125,083
Total current assets		112,845		58,928		25,537		46,880		244,190
Fixed assets, net		456,633		66,189		44,852		20,183		587,857
Goodwill		25,421		35,270		—		—		60,691
Total assets		656,414		222,046		71,033		162,112		1,111,605
Total current liabilities		71,627		23,994		1,164		21,647		118,432
Total debt		84,624		—		—		—		84,624
December 31, 2019
Cash, Cash equivalents, and Investments	$	43,125	$	38,240	$	25,054	$	55,284	$	161,703
Total current assets		91,497		54,207		27,534		55,485		228,723
Fixed assets, net		466,523		69,184		48,421		21,453		605,581
Goodwill		25,421		35,270		—		—		60,691
Total assets		647,228		222,356		76,723		184,419		1,130,726
Total current liabilities		77,644		24,905		2,745		14,375		119,669
Total debt		86,426		—		—		—		86,426

	Capital Expenditures
		International		US		Renewable		Corporate and
Six months ended June 30,		Telecom		Telecom		Energy		Other (1)		Consolidated
2020	$	19,929	$	8,883	$	1,634	$	1,519	$	31,965
2019		23,692		6,368		817		4,519		35,396

(1) Corporate and other items refer to corporate overhead costs and consolidating adjustments