v3.25.2
Revenue from Contracts with Customers
6 Months Ended
Jun. 30, 2025
Revenue from Contracts with Customers  
Revenue from Contracts with Customers

Note 3. Revenue from Contracts with Customers

Revenue by Service Offering

The following table presents revenue by service offering:

Three months ended

Six months ended

June 30, 

June 30, 

    

2025

   

2024

    

2025

2024

(in millions)

Residential subscription

HSD

$

85.0

$

85.7

$

170.5

$

172.6

Video

 

16.4

 

28.3

37.0

57.6

Telephony

 

3.9

 

4.5

8.2

9.3

Total residential subscription

$

105.3

$

118.5

$

215.7

$

239.5

Business subscription

HSD

$

19.8

$

19.3

$

39.7

$

38.6

Video

2.1

2.5

4.4

5.0

Telephony

5.7

6.2

11.6

12.4

Total business subscription

$

27.6

$

28.0

$

55.7

$

56.0

Total subscription services revenue

132.9

146.5

271.4

295.5

Other business services revenue(1)

4.9

5.0

9.8

10.3

Other revenue

6.4

7.3

13.0

14.5

Total revenue

$

144.2

$

158.8

$

294.2

$

320.3

(1)Includes wholesale and colocation lease revenue of $4.9 million and $4.7 million for the three months ended June 30, 2025 and 2024, respectively, and $9.6 million and $9.7 million for the six months ended June 30, 2025 and 2024, respectively, a portion of which is recognized under ASC 842.

Promotional Costs

The following table summarizes the activity of promotional costs:

Three months ended

Six months ended

June 30, 

June 30, 

2025

2024

2025

2024

(in millions)

Balance at beginning of period

$

14.5

$

20.3

$

16.2

$

20.4

Deferral

 

0.3

1.7

 

0.7

 

3.8

Amortization

 

(2.2)

(2.3)

 

(4.3)

 

(4.5)

Balance at end of period

$

12.6

$

19.7

$

12.6

$

19.7

The following table presents the current and non-current portion of promotional costs for the periods presented:

June 30,  2025

    

December 31, 2024

(in millions)

Current promotional costs

$

7.0

$

8.0

Non-current promotional costs

5.6

8.2

Total promotional costs

$

12.6

$

16.2

Costs of Obtaining Contracts with Customers

The following table summarizes the activity of costs of obtaining contracts with customers:

Three months ended

Six months ended

June 30, 

June 30, 

2025

2024

2025

2024

(in millions)

Balance at beginning of period

$

42.1

$

42.9

$

42.6

$

42.4

Deferral

 

4.3

 

4.5

 

8.0

 

9.2

Amortization

 

(4.3)

 

(4.2)

 

(8.5)

 

(8.4)

Balance at end of period

$

42.1

$

43.2

$

42.1

$

43.2

The following table presents the current and non-current portion of costs of obtaining contracts with customers as of the end of the corresponding periods:

June 30,  2025

    

December 31, 2024

(in millions)

Current costs of obtaining contracts with customers

$

16.9

$

16.8

Non-current costs of obtaining contracts with customers

25.2

25.8

Total costs of obtaining contracts with customers

$

42.1

$

42.6

The current portion and the non-current portion of promotional costs and costs of obtaining contracts with customers are included in prepaid expenses and other and other non-current assets, respectively, in the Company’s unaudited condensed consolidated balance sheets. Amortization of promotional costs related to customers is offset in revenue.  Amortization of costs of obtaining contracts with customers is included in selling, general and administrative expense in the Company’s unaudited condensed consolidated statements of operations.

Contract Liabilities

The following table summarizes the activity of current and non-current contract liabilities:

Three months ended

Six months ended

June 30, 

June 30, 

2025

2024

2025

2024

(in millions)

Balance at beginning of period

$

2.2

$

2.3

$

2.3

$

2.5

Deferral

 

2.3

 

2.7

 

4.6

 

5.1

Revenue recognized

 

(2.3)

 

(2.6)

 

(4.7)

 

(5.2)

Balance at end of period

$

2.2

$

2.4

$

2.2

$

2.4

The following table presents the current and non-current portion of contract liabilities as of the end of the corresponding periods:

June 30,  2025

December 31, 2024

(in millions)

Current contract liabilities

$

1.9

$

2.0

Non-current contract liabilities

0.3

0.3

Total contract liabilities

$

2.2

$

2.3

The current portion and the non-current portion of contract liabilities are included in the current portion of unearned service revenue and other non-current liabilities, respectively, in the Company’s unaudited condensed consolidated balance sheets.

Unsatisfied Performance Obligations

Revenue from month-to-month residential subscription service contracts has historically represented a significant portion of the Company’s revenue and the Company expects that this will continue to be the case in future periods.  All residential subscription service performance obligations will be satisfied within one year.

A summary of expected business subscription and other business services revenue to be recognized in future periods related to performance obligations which have not been satisfied or are partially unsatisfied as of June 30, 2025 is set forth in the table below:

    

2025

    

2026

    

2027

    

Thereafter

    

Total

(in millions)

Subscription services

$

29.0

37.2

17.4

6.6

$

90.2

Other business services

 

2.5

3.8

2.1

2.0

 

10.4

Total expected revenue

$

31.5

$

41.0

$

19.5

$

8.6

$

100.6

Provision for Credit Losses

The provision for doubtful accounts and the allowance for doubtful accounts are based on the aging of the individual receivables, historical trends and current and anticipated future economic conditions. The Company manages credit risk by disconnecting services to customers who are delinquent, generally after 100 days of delinquency. The individual receivables are written-off after all reasonable efforts to collect the funds have been made. Actual write-offs may differ from the amounts reserved.

The following table presents the change in the allowance for credit losses for trade accounts receivable:

Three months ended

Six months ended

June 30, 

June 30, 

2025

    

2024

    

2025

    

2024

(in millions)

Accounts receivable - trade

$

37.4

$

42.9

$

37.4

$

42.9

Allowance for credit losses:

Balance at beginning of period

$

3.3

$

6.4

$

3.3

$

6.7

Provision charged to expense

 

1.7

 

2.1

 

3.7

 

4.8

Accounts written off, net of recoveries

 

(1.9)

 

(3.0)

 

(3.9)

 

(6.0)

Balance at end of period

$

3.1

$

5.5

$

3.1

$

5.5

Accounts receivable - trade, net of allowance for credit losses

$

34.3

$

37.4

$

34.3

$

37.4