XML 72 R35.htm IDEA: XBRL DOCUMENT v3.19.2
Business and Geographic Segment Information (Tables)
 6 Months Ended
Jun. 30, 2019
Segment Reporting [Abstract]  
Schedule of segment financial information
The following tables provide financial information for our reportable segments, including a reconciliation of Adjusted EBITDA to Income from continuing operations before income taxes, as reported in the Consolidated Statements of Operations:
 
For the three months ended
 
For the six months ended
 
June 30,
 
June 30,
 
2019
 
2018
 
2019
 
2018
Revenues
 
 
 
 
 
 
 
Brazil
$
197,106

 
$
225,599

 
$
307,074

 
$
348,391

Mexico
162,455

 
159,645

 
318,919

 
315,543

Andean
422,994

 
409,546

 
561,937

 
544,600

Rest of World
60,585

 
61,341

 
114,741

 
113,615

Online & Partnerships
159,715

 
164,955

 
321,489

 
332,986

Corporate
(1,053
)
 
(3,890
)
 
(562
)
 
(5,723
)
Revenues
$
1,001,802

 
$
1,017,196

 
$
1,623,598


$
1,649,412

Adjusted EBITDA of reportable segments
 
 
 
 
 
 
 
Brazil
$
58,856

 
$
77,934

 
$
28,200

 
$
51,918

Mexico
31,585

 
27,806

 
57,413

 
58,250

Andean
186,734

 
184,198

 
153,491

 
144,766

Rest of World
10,459

 
7,603

 
14,958

 
10,593

Online & Partnerships
49,859

 
45,427

 
98,435

 
90,401

Total Adjusted EBITDA of reportable segments
337,493

 
342,968

 
352,497

 
355,928

Reconciling items:
 
 
 
 
 
 
 
Corporate
(40,205
)
 
(39,368
)
 
(76,814
)
 
(81,994
)
Depreciation and amortization expense
(49,740
)
 
(52,885
)
 
(97,384
)
 
(109,854
)
Loss on impairment of assets
(470
)
 
—

 
(470
)
 
—

Share-based compensation expense
(4,748
)
 
(7,261
)
 
(7,735
)
 
(3,184
)
EiP expenses
(28,633
)
 
(25,234
)
 
(40,926
)
 
(35,297
)
Operating income
213,697

 
218,220

 
129,168

 
125,599

Interest income
2,844

 
2,588

 
6,397

 
5,856

Interest expense
(41,467
)
 
(60,110
)
 
(96,122
)
 
(123,445
)
Loss on debt extinguishment
(15,595
)
 
—

 
(26,217
)
 
(7,481
)
Gain on derivatives
2,632

 
111,596

 
7,815

 
92,256

Other income (expense), net
7,696

 
(91
)
 
8,055

 
2,506

Foreign currency exchange gain (loss), net
8,817

 
(5,668
)
 
4,158

 
(17,450
)
Income from continuing operations before income taxes
$
178,624

 
$
266,535

 
$
33,254

 
$
77,841
Schedule of long-lived assets by geographic areas
 
June 30, 2019
 
December 31, 2018
Assets
 
 
 
Brazil
$
1,189,061

 
$
1,011,391

Mexico
1,300,938

 
971,309

Andean
1,870,780

 
1,608,406

Rest of World
250,662

 
231,421

Online & Partnerships
1,245,058

 
1,308,854

Corporate and Discontinued Operations
1,235,289

 
1,638,255

Total assets
$
7,091,788

 
$
6,769,636