CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2025 |
Jun. 30, 2024 |
Jun. 30, 2025 |
Jun. 30, 2024 |
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| CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS | ||||
| Service revenue | $ 246,247 | $ 260,443 | $ 493,298 | $ 526,613 |
| Operating expenses: | ||||
| Network operations, including equity-based compensation expense | 137,492 | 156,167 | 274,930 | 324,752 |
| Selling, general, and administrative expense | 64,924 | 68,345 | 138,787 | 145,392 |
| Acquisition costs - Sprint | 12,370 | 21,407 | ||
| Depreciation and amortization | 75,290 | 74,036 | 151,328 | 144,930 |
| Total operating expenses | 277,706 | 310,918 | 565,045 | 636,481 |
| Gain on lease termination | 3,332 | 3,332 | ||
| Operating loss | (31,459) | (47,143) | (71,747) | (106,536) |
| Interest expense, including change in valuation interest rate swap agreement | (39,777) | (29,541) | (73,971) | (58,703) |
| Loss on debt extinguishment and redemption - 2026 notes | (5,606) | (5,606) | ||
| Gain on bargain purchase - Sprint | 27,673 | 22,202 | ||
| Interest income - IP Transit Services Agreement | 4,299 | 5,934 | 8,984 | 13,264 |
| Interest income (loss) - Purchase Agreement | 433 | 402 | 858 | (78) |
| Interest income and other, net | (2,415) | 2,484 | (3,306) | 5,226 |
| Loss before income taxes | (74,525) | (40,191) | (144,788) | (124,625) |
| Income tax benefit | 16,718 | 7,853 | 34,939 | 26,980 |
| Net loss | (57,807) | (32,338) | (109,849) | (97,645) |
| Comprehensive loss: | ||||
| Net loss | (57,807) | (32,338) | (109,849) | (97,645) |
| Foreign currency translation adjustment | 17,737 | (1,722) | 29,489 | (6,756) |
| Comprehensive loss | $ (40,070) | $ (34,060) | $ (80,360) | $ (104,401) |
| Net loss per common share: | ||||
| Basic net loss per common share | $ (1.21) | $ (0.68) | $ (2.3) | $ (2.06) |
| Diluted net loss per common share | (1.21) | (0.68) | (2.3) | (2.06) |
| Dividends declared per common share | $ 1.01 | $ 0.975 | $ 2.015 | $ 1.94 |
| Weighted-average common shares - basic | 47,592,836 | 47,511,613 | 47,804,421 | 47,408,786 |
| Weighted-average common shares - diluted | 47,592,836 | 47,511,613 | 47,804,421 | 47,408,786 |
| X | ||||||||||
- Definition In a business combination in which the amount of net identifiable assets acquired and liabilities assumed exceeds the aggregate consideration transferred or to be transferred (as defined), this element represents the amount of gain recognized by the entity, net of reduction. No definition available.
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- Definition The amount of gains on lease terminations. No definition available.
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- Definition Amount of interest expense classified as non-operating including amount of increase (decrease) in the fair value of derivatives recognized in the income statement. No definition available.
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- Definition Amount of nonoperating interest income (expense) from IP Transit Agreement. No definition available.
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- Definition Amount of nonoperating interest income (expense) from Purchase Agreement. No definition available.
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- Definition It represents the amount of loss on extinguishment and redemption of 2026 notes. No definition available.
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- Definition Amount of expense for acquisition-related cost incurred to effect business combination. Includes, but is not limited to, finder's fee; advisory, legal, accounting, valuation, and other professional and consulting fees; and general administrative cost, including cost of maintaining internal acquisition department. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Aggregate dividends declared during the period for each share of common stock outstanding. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Total costs of sales and operating expenses for the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount after tax and reclassification adjustments of gain (loss) on foreign currency translation adjustments, foreign currency transactions designated and effective as economic hedges of a net investment in a foreign entity and intra-entity foreign currency transactions that are of a long-term-investment nature, attributable to parent entity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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