SEGMENT REPORTING

9 Months Ended

Sep. 30, 2022

SEGMENT REPORTING

SEGMENT REPORTING

13. 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 September 30, 2022
	International		US		Renewable		Corporate and
	Telecom		Telecom		Energy		Other (1)		Consolidated
Revenue
Communication Services
Mobility - Business	$	3,706	$	298	$	—	$	—	$	4,004
Mobility - Consumer		22,776		2,058		—		—		24,834
Total Mobility		26,482		2,356		—		—		28,838
Fixed - Business		18,578		32,509		—		—		51,087
Fixed - Consumer		39,989		19,143		—		—		59,132
Total Fixed		58,567		51,652		—		—		110,219
Carrier Services		3,220		31,360		—		—		34,580
Other		340		—		—		—		340
Total Communication Services Revenue		88,609		85,368		—		—		173,977
Construction		—		3,332		—		—		3,332
Other
Managed Services		1,398		3,506		—		—		4,904
Total Other Revenue		1,398		3,506		—		—		4,904
Total Revenue		90,007		92,206		—		—		182,213
Depreciation		14,126		18,341		—		845		33,312
Amortization of intangibles from acquisitions		380		2,856		—		—		3,236
Non-cash stock-based compensation		54		132		—		1,483		1,669
Operating income (loss)		13,360		716		(711)		(11,926)		1,439

For the Three Months Ended September 30, 2021
	International		US		Renewable		Corporate and
	Telecom		Telecom		Energy		Other (1)		Consolidated
Revenue
Communication Services
Mobility - Business	$	1,422	$	231	$	—	$	—	$	1,653
Mobility - Consumer		22,423		1,909		—		—		24,332
Total Mobility		23,845		2,140		—		—		25,985
Fixed - Business		16,549		21,681		—		—		38,230
Fixed - Consumer		40,870		15,484		—		—		56,354
Total Fixed		57,419		37,165		—		—		94,584
Carrier Services		2,557		31,939		—		—		34,496
Other		233		—		—		—		233
Total Communication Services Revenue		84,054		71,244		—		—		155,298
Construction		—		6,417		—		—		6,417
Other
Managed Services		1,252		3,793		—		—		5,045
Total Other Revenue		1,252		3,793		—		—		5,045
Total Revenue		85,306		81,454		—		—		166,760
Depreciation		13,308		14,327		—		1,240		28,875
Amortization of intangibles from acquisitions		418		3,062		—		—		3,480
Non-cash stock-based compensation		36		101		—		1,468		1,605
Operating income (loss)		13,213		(9,830)		(55)		(4,310)		(982)

For the Nine Months Ended September 30, 2022
	International		US		Renewable		Corporate and
	Telecom		Telecom		Energy		Other (1)		Consolidated
Revenue
Communication Services
Mobility - Business	$	10,997	$	973	$	—	$	—	$	11,970
Mobility - Consumer		64,025		5,063		—		—		69,088
Total Mobility		75,022		6,036		—		—		81,058
Fixed - Business		52,827		91,521		—		—		144,348
Fixed - Consumer		122,435		57,279		—		—		179,714
Total Fixed		175,262		148,800		—		—		324,062
Carrier Services		10,042		96,102		—		—		106,144
Other		1,051		—		—		—		1,051
Total Communication Services Revenue		261,377		250,938		—		—		512,315
Construction		—		8,615		—		—		8,615
Other
Managed Services		3,820		8,980		—		—		12,800
Total Other Revenue		3,820		8,980		—		—		12,800
Total Revenue		265,197		268,533		—		—		533,730
Depreciation		43,109		54,546		—		2,766		100,421
Amortization of intangibles from acquisitions		1,192		8,552		—		—		9,744
Non-cash stock-based compensation		170		301		—		5,225		5,696
Operating income (loss)		36,889		(4,199)		(755)		(28,663)		3,272

For the Nine Months Ended September 30, 2021
	International		US		Renewable		Corporate and
	Telecom		Telecom		Energy		Other (1)		Consolidated
Revenue
Communication Services
Mobility - Business	$	3,917	$	1,149	$	—	$	—	$	5,066
Mobility - Consumer		64,503		6,258		—		—		70,761
Total Mobility		68,420		7,407		—		—		75,827
Fixed - Business		50,037		26,409		—		—		76,446
Fixed - Consumer		125,255		23,004		—		—		148,259
Total Fixed		175,292		49,413		—		—		224,705
Carrier Services		6,963		70,713		—		—		77,676
Other		689		—		—		—		689
Total Communication Services Revenue		251,364		127,533		—		—		378,897
Construction		—		28,049		—		—		28,049
Other
Renewable Energy		—		—		418		—		418
Managed Services		3,978		3,793		—		—		7,771
Total Other Revenue		3,978		3,793		418		—		8,189
Total Revenue		255,342		159,375		418		—		415,135
Depreciation		40,080		24,598		188		3,827		68,693
Amortization of intangibles from acquisitions		1,262		3,062		—		—		4,324
Non-cash stock-based compensation		83		100		22		4,911		5,116
Operating income (loss)		40,999		(10,920)		(1,488)		(23,319)		5,271

(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 September 30, 2022 and December 31, 2021 consists of the following (in thousands):

	International		US		Renewable		Corporate and
	Telecom		Telecom		Energy		Other (1)		Consolidated
September 30, 2022
Cash, cash equivalents, and short-term investments	$	38,340	$	32,937	$	463	$	5,274	$	77,014
Total current assets		110,610		114,960		488		6,466		232,524
Fixed assets, net		459,554		482,348		—		7,905		949,807
Goodwill		4,835		35,269		—		—		40,104
Total assets		641,307		871,181		14,735		67,977		1,595,200
Total current liabilities		84,848		99,663		356		27,989		212,856
Total debt		63,386		264,802		—		71,000		399,188
December 31, 2021
Cash, cash equivalents, and short-term investments	$	43,128	$	28,486	$	659	$	7,628	$	79,901
Total current assets		108,677		111,741		3,585		8,614		232,617
Fixed assets, net		452,856		480,250		—		10,103		943,209
Goodwill		4,835		35,269		—		—		40,104
Total assets		630,515		877,041		17,481		83,567		1,608,604
Total current liabilities		91,090		108,950		356		20,548		220,944
Total debt		64,243		240,802		—		61,499		366,544

	Capital Expenditures
		International		US		Corporate and
Nine months ended September 30,		Telecom		Telecom		Other (1)		Consolidated
2022	$	53,270	$	60,056	$	633	$	113,959
2021		32,485		36,157		2,280		70,922

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