ACQUISITIONS AND DISPOSITIONS (Tables)

12 Months Ended

Dec. 31, 2023

Acquisitions and Dispositions

Schedule of pro forma results of operations

(unaudited)		Year ended December 31, 2021
		As		Pro-
		Reported		Forma
Revenue	$	602,707	$	738,472
Net loss attributable to ATN International, Inc. Stockholders		(22,108)		(20,022)
Earnings per share:
Basic		(1.52)		(1.26)
Diluted		(1.52)		(1.26)

Schedule of assets and liabilities transferred

Consideration Received	$	35,218
Assets and liabilities disposed
Current assets		4,899
Property, plant and equipment		45,891
Other assets		439
Current liabilities		(759)
Net assets disposed	$	50,470
Consideration less net assets disposed		(15,252)
Foreign currency losses reclassified from accumulated other comprehensive income		(6,258)
Loss on sale		(21,510)
Transaction costs		(1,283)
Loss on sale including transaction costs	$	(22,793)

Sacred Wind Enterprises

Acquisitions and Dispositions

Schedule of preliminary allocation of the total consideration transferred to the acquired assets and assumed liabilities

The table below represents the purchase price allocation of the total consideration transferred to the acquired assets and assumed liabilities based on management’s estimate of their acquisition date fair values (amounts in thousands):

Consideration Transferred	$	44,560
Purchase price allocation:
Cash and cash equivalents		2,619
Restricted cash		6,747
Current assets		4,888
Operating lease right of use assets		989
Fixed assets		85,255
Intangible assets		1,232
Current liabilities		(10,176)
Lease liabilities		(967)
Deferred taxes		(14,388)
Debt		(31,639)
Net assets acquired	$	44,560

Alaska communications

Acquisitions and Dispositions

Schedule of preliminary allocation of the total consideration transferred to the acquired assets and assumed liabilities

The table below represents the allocation of the total consideration transferred to the acquired assets and assumed liabilities based on management’s estimate of their acquisition date fair values (amounts in thousands):

Consideration Transferred	$	353,280
Noncontrolling interests		470
Total value to allocate		353,750
Purchase price allocation:
Cash and cash equivalents		10,553
Restricted cash		1,326
Short-term investments		434
Accounts receivable		30,453
Inventory, materials and supplies		1,374
Prepayments and other current assets		8,038
Fixed assets		408,694
Telecommunication licenses		683
Intangible assets		44,333
Operating lease right-of-use assets		60,402
Other assets		2,387
Accounts payable and accrued liabilities		(39,188)
Accrued taxes		(3,766)
Advance payments and deposits		(15,842)
Current portion of lease liabilities		(2,425)
Deferred income taxes		(17,040)
Lease liabilities, excluding current portion		(44,234)
Other liabilities		(92,432)
Net assets acquired	$	353,750