v3.25.1
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS    
Service revenue $ 247,048 $ 266,168
Operating expenses:    
Network operations (including $490 and $385 of equity-based compensation expense, respectively, exclusive of depreciation and amortization shown separately below) 137,439 168,933
Selling, general, and administrative (including $7,523 and $6,565 of equity-based compensation expense, respectively) 73,863 76,696
Acquisition costs - Sprint Business   9,037
Depreciation and amortization 76,038 70,891
Total operating expenses 287,340 325,557
Operating loss (40,292) (59,389)
Interest expense, including change in valuation interest rate swap agreement (34,216) (29,162)
Reduction to gain on bargain purchase - Sprint Business   (5,470)
Interest income - IP Transit Services Agreement 4,686 7,330
Interest income (loss) - Purchase Agreement 425 (480)
Interest income (loss) and other, net (865) 2,737
Loss before income taxes (70,262) (84,434)
Income tax benefit 18,220 19,127
Net loss (52,042) (65,307)
Comprehensive loss:    
Net loss (52,042) (65,307)
Foreign currency translation adjustment 11,752 (5,034)
Comprehensive loss $ (40,290) $ (70,341)
Net loss per common share:    
Basic net loss per common share $ (1.09) $ (1.38)
Diluted net loss per common share (1.09) (1.38)
Dividends declared per common share $ 1.005 $ 0.965
Weighted-average common shares - basic 47,676,735 47,416,268
Weighted-average common shares - diluted 47,676,735 47,416,268