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)	2026		2025		2026		2025

Total segment revenue	$	1,312,285	$	1,287,035	$	2,590,814	$	2,554,526

Less significant segment expenses:
Customer service costs(1)	108,234		109,094		214,505		215,484
Maintenance costs(1)	48,237		52,834		97,656		104,294
Security installation, product, and other costs	107,078		88,258		194,243		170,530
Selling costs, including commissions(2)	47,185		45,038		92,083		91,162
Amortization of deferred subscriber acquisition costs(2)	69,164		62,149		136,609		122,507
Advertising costs(2)	26,681		21,674		48,416		40,188
Provision for credit losses(2)	53,149		48,841		122,134		99,320
Other general and administrative costs(2)	165,599		162,384		306,143		329,923
Share-based compensation(2)	18,588		11,649		32,214		32,170
Depreciation and intangible asset amortization	346,938		338,734		692,424		678,251
Interest expense	103,153		117,874		203,875		241,044
Income tax expense (benefit)	60,817		58,749		118,930		109,781
Total significant segment expenses	1,154,823		1,117,278		2,259,232		2,234,654

Less other segment items(3):
Other items in SG&A(2)	5,541		4,403		13,077		9,468
Other, net	(3,146)		(2,879)		(5,913)		(306)
Total other segment items	2,395		1,524		7,164		9,162

Reconciliation of profit or loss:
(Income) loss from discontinued operations, net of tax(4)	1,217		3,054		2,194		5,285

Net income (loss)	$	153,850	$	165,179	$	322,224	$	305,425

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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.