| Segment Reporting |
11.Segment Reporting Operating segments are components of an enterprise for which separate financial information is available and regularly evaluated by the chief operating decision maker(s) of an enterprise. Operating income is the primary measure used by our chief operating decision maker to evaluate segment operating performance. We currently operate four primary business segments: (1) Pay-TV; (2) Retail Wireless; (3) 5G Network Deployment; and (4) Broadband and Satellite Services. See Note 1 for further information. All other and eliminations primarily include intersegment eliminations related to intercompany debt and the related interest income and interest expense, which are eliminated in consolidation. The total assets, revenue and operating income, and purchases of property and equipment, net of refunds, (including capitalized interest related to Regulatory authorizations) by segment were as follows: | | | | | | | | | As of | | | June 30, | | December 31, | | | 2024 | | 2023 | | | | (In thousands) | Total assets: | | | | | | | Pay-TV | | $ | 50,242,951 | | $ | 49,437,958 | Retail Wireless | | | 652,011 | | | 777,957 | 5G Network Deployment (1) | | | 47,483,776 | | | 46,793,378 | Broadband and Satellite Services | | | 3,965,559 | | | 5,811,553 | Eliminations (1) | | | (47,089,104) | | | (45,711,952) | Total assets | | $ | 55,255,193 | | $ | 57,108,894 |
| (1) | The increase primarily resulted from intercompany advances for capital expenditures related to our 5G Network Deployment. |
| | | | | | | | | | | | | | | For the Three Months Ended | | For the Six Months Ended | | | June 30, | | June 30, | | | 2024 | | 2023 | | 2024 | | 2023 | | | | (In thousands) | Revenue: | | | | | | | | | | | | | Pay-TV | | $ | 2,676,284 | | $ | 2,975,140 | | $ | 5,402,862 | | $ | 5,947,271 | Retail Wireless | | | 891,531 | | | 928,241 | | | 1,797,381 | | | 1,903,107 | 5G Network Deployment | | | 35,514 | | | 19,079 | | | 65,018 | | | 37,986 | Broadband and Satellite Services | | | 394,011 | | | 453,110 | | | 776,597 | | | 892,706 | Eliminations | | | (44,589) | | | (19,108) | | | (74,264) | | | (36,942) | Total revenue | | $ | 3,952,751 | | $ | 4,356,462 | | $ | 7,967,594 | | $ | 8,744,128 | | | | | | | | | | | | | | Operating income (loss): | | | | | | | | | | | | | Pay-TV | | $ | 667,752 | | $ | 720,792 | | $ | 1,337,860 | | $ | 1,396,025 | Retail Wireless | | | (121,362) | | | (112,499) | | | (195,779) | | | (130,706) | 5G Network Deployment | | | (578,940) | | | (401,959) | | | (1,149,691) | | | (735,562) | Broadband and Satellite Services | | | (34,586) | | | 43,847 | | | (74,140) | | | 71,552 | Eliminations | | | 1,767 | | | 2,048 | | | 1,137 | | | 4,258 | Total operating income (loss) | | $ | (65,369) | | $ | 252,229 | | $ | (80,613) | | $ | 605,567 | | | | | | | | | | | | | | Purchases of property and equipment, net of refunds, (including capitalized interest related to regulatory authorizations) | | | | | | | | | | | | | Pay-TV | | $ | 54,006 | | $ | 67,630 | | $ | 111,918 | | $ | 103,193 | Retail Wireless | | | — | | | — | | | — | | | — | 5G Network Deployment | | | 560,468 | | | 1,183,891 | | | 1,109,641 | | | 2,054,933 | Broadband and Satellite Services | | | 56,559 | | | 49,016 | | | 127,170 | | | 93,087 | Eliminations | | | — | | | — | | | — | | | — | Total purchases of property and equipment, net of refunds, (including capitalized interest related to regulatory authorizations) | | $ | 671,033 | | $ | 1,300,537 | | $ | 1,348,729 | | $ | 2,251,213 |
The revenue from external customers disaggregated by major revenue source was as follows: | | | | | | | | | | | | | | | For the Three Months Ended | | For the Six Months Ended | | | June 30, | | June 30, | Category: | | 2024 | | 2023 | | 2024 | | 2023 | | | | (In thousands) | Pay-TV subscriber and related revenue | | $ | 2,658,381 | | $ | 2,870,694 | | $ | 5,359,560 | | $ | 5,815,176 | Retail wireless services and related revenue | | | 785,136 | | | 853,918 | | | 1,589,401 | | | 1,721,029 | 5G network deployment services and related revenue | | | — | | | — | | | — | | | — | Broadband and satellite services and other revenue | | | 302,527 | | | 368,228 | | | 619,647 | | | 742,750 | Pay-TV equipment sales and other revenue | | | 17,903 | | | 104,446 | | | 43,302 | | | 132,095 | Retail wireless equipment sales and other revenue | | | 106,395 | | | 74,323 | | | 207,980 | | | 182,078 | 5G network deployment equipment sales and other revenue | | | 35,514 | | | 19,079 | | | 65,018 | | | 37,986 | Broadband equipment and other revenue | | | 91,484 | | | 84,882 | | | 156,950 | | | 149,956 | Eliminations | | | (44,589) | | | (19,108) | | | (74,264) | | | (36,942) | Total | | $ | 3,952,751 | | $ | 4,356,462 | | $ | 7,967,594 | | $ | 8,744,128 |
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