Revenue from Contracts with Customers (Tables)

6 Months Ended

Jun. 30, 2025

Contract assets

Schedule of 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.

Schedule of activity of contract liabilities and current and non-current portion of 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


		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

Summary of expected revenue to be recognized in future periods related to performance obligations which have not been satisfied or are partially unsatisfied


		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

Schedule of 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

Promotional costs

Contract assets

Schedule of activity of capitalized contract costs and current and non-current portion of capitalized contract 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

Contract assets

Schedule of activity of capitalized contract costs and current and non-current portion of capitalized contract costs

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