| SEGMENT REPORTING |
SEGMENT REPORTING Business segments are components of an enterprise for which separate financial information is available and regularly evaluated by our chief operating decision maker (“CODM”), who is our Chief Executive Officer. We operate in two business segments, Hughes segment and ESS segment.
The primary measure of segment profitability that is reported regularly to our CODM is earnings before interest, taxes, depreciation and amortization, and net income (loss) attributable to non-controlling interests (“EBITDA”).
Total assets by segment have not been reported herein because the information is not provided to our CODM on a regular basis. The following table presents total revenue, capital expenditures and EBITDA for each of our business segments:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | Hughes | | ESS | | Corporate and Other | | Consolidated
Total | | For the three months ended June 30, 2023 | | | | | | | | | | External revenue | | $ | 444,335 | | | $ | 5,578 | | | $ | 3,196 | | | $ | 453,109 | | | Intersegment revenue | | — | | | 542 | | | (542) | | | — | | | Total revenue | | $ | 444,335 | | | $ | 6,120 | | | $ | 2,654 | | | $ | 453,109 | | | | | | | | | | | | Capital expenditures | | $ | 43,950 | | | $ | — | | | $ | 5,066 | | | $ | 49,016 | | | EBITDA | | $ | 140,997 | | | $ | 4,562 | | | $ | (20,327) | | | $ | 125,232 | | | | | | | | | | | | For the three months ended June 30, 2022 | | | | | | | | | | External revenue | | $ | 491,841 | | | $ | 4,502 | | | $ | 2,973 | | | $ | 499,316 | | | Intersegment revenue | | — | | | 348 | | | (348) | | | — | | | Total revenue | | $ | 491,841 | | | $ | 4,850 | | | $ | 2,625 | | | $ | 499,316 | | | | | | | | | | | | Capital expenditures | | $ | 64,861 | | | $ | — | | | $ | 10,918 | | | $ | 75,779 | | | EBITDA | | $ | 179,928 | | | $ | 3,521 | | | $ | (42,401) | | | $ | 141,048 | | | | | | | | | | | | For the six months ended June 30, 2023 | | | | | | | | | | External revenue | | $ | 875,530 | | | $ | 11,067 | | | $ | 6,109 | | | $ | 892,706 | | | Intersegment revenue | | — | | | 1,050 | | | (1,050) | | | — | | | Total revenue | | $ | 875,530 | | | $ | 12,117 | | | $ | 5,059 | | | $ | 892,706 | | | | | | | | | | | | Capital expenditures | | $ | 90,975 | | | $ | — | | | $ | 2,112 | | | $ | 93,087 | | | EBITDA | | $ | 298,231 | | | $ | 9,217 | | | $ | (54,167) | | | $ | 253,281 | | | | | | | | | | | | For the six months ended June 30, 2022 | | | | | | | | | | External revenue | | $ | 985,947 | | | $ | 8,778 | | | $ | 6,125 | | | $ | 1,000,850 | | | Intersegment revenue | | — | | | 546 | | | (546) | | | — | | | Total revenue | | $ | 985,947 | | | $ | 9,324 | | | $ | 5,579 | | | $ | 1,000,850 | | | | | | | | | | | | Capital expenditures | | $ | 125,882 | | | $ | — | | | $ | 62,035 | | | $ | 187,917 | | | EBITDA | | $ | 371,098 | | | $ | 6,212 | | | $ | 16,940 | | | $ | 394,250 | | |
The following table reconciles Income (loss) before income taxes in the Consolidated Statements of Operations to EBITDA: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | For the three months ended June 30, | | For the six months ended June 30, | | | | 2023 | | 2022 | | 2023 | | 2022 | | Income (loss) before income taxes | | $ | 27,858 | | | $ | 15,863 | | | $ | 67,138 | | | $ | 137,590 | | | Interest income, net | | (23,526) | | | (9,072) | | | (52,122) | | | (15,494) | | | Interest expense, net of amounts capitalized | | 13,240 | | | 14,307 | | | 26,526 | | | 29,280 | | | Depreciation and amortization | | 105,588 | | | 116,555 | | | 208,446 | | | 236,991 | | | Net loss (income) attributable to non-controlling interests | | 2,072 | | | 3,395 | | | 3,293 | | | 5,883 | | | EBITDA | | $ | 125,232 | | | $ | 141,048 | | | $ | 253,281 | | | $ | 394,250 | |
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