SEGMENT INFORMATION (Tables)

The following presents a reconciliation to the Company’s net income (loss) as reported in the Condensed Consolidated Statements of Operations and includes segment revenues, significant segment expenses that are regularly provided to or easily computed from information regularly provided to the CODM, other segment expenses, and adjustments to reconcile to net income (loss).


	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands)	2025		2024		2025		2024

Total segment revenue	$	1,287,035	$	1,204,559	$	2,554,526	$	2,394,231

Less significant segment expenses:
Customer service costs(1)	109,094		102,807		215,484		206,033
Maintenance costs(1)	52,834		48,385		104,294		99,872
Security installation, product, and other costs	88,258		45,042		170,530		84,634
Selling costs, including commissions(2)	45,038		47,359		91,162		99,175
Amortization of deferred subscriber acquisition costs(2)	62,149		54,730		122,507		109,335
Advertising costs(2)	21,674		27,385		40,188		51,883
Provision for credit losses(2)	48,841		50,226		99,320		83,970
Other general and administrative costs(2)	162,384		183,563		329,923		365,338
Share-based compensation(2)	11,649		21,284		32,170		29,359
Depreciation and intangible asset amortization	338,734		333,859		678,251		666,861
Interest expense	117,874		111,537		241,044		203,136
Income tax expense (benefit)	58,749		59,840		109,781		116,270
Total significant segment expenses	1,117,278		1,086,017		2,234,654		2,115,866

Less other segment items(3):
Other items in SG&A(2)	4,403		5,744		9,468		21,447
Other, net	(2,879)		(13,387)		(306)		(33,158)
Total other segment items	1,524		(7,643)		9,162		(11,711)

Reconciliation of profit or loss:
(Income) loss from discontinued operations, net of tax(4)	3,054		33,791		5,285		106,131

Net income (loss)	$	165,179	$	92,394	$	305,425	$	183,945

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(1)Included in monitoring and related services cost of revenue in the Condensed Consolidated Statements of Operations.

(2)Included in SG&A in the Condensed Consolidated Statements of Operations.

(3)Other segment items generally include other income and expenses, interest income, as well as certain other items included in SG&A that are not considered significant segment expenses. Interest income is not material for the periods presented.

(4)Represents activity related to the Commercial and Solar Businesses (as applicable during the periods), which are presented as discontinued operations.