Other Business Services Revenue totaled $6.1 million and $25.3 million for the quarter and year ended December 31, 2020, down $0.3 million and $2.1 million as compared to the corresponding periods in 2019. These decreases were primarily due to decreases in data center revenue.
Other Revenue totaled $15.0 million and $53.0 million for the quarter and year ended December 31, 2020, down $0.4 million and $9.7 million compared to the corresponding periods in 2019, primarily due to decreases in advertising, late fee and line assurance revenue.
Costs and Expenses
Operating Expenses (excluding Depreciation and Amortization) totaled $135.8 million and $570.2 million for the quarter and year ended December 31, 2020, down $8.8 million, or 6%, and $5.6 million, or 1%, compared to the corresponding periods in 2019 primarily due to lower direct expenses, specifically programming expense, partially offset by increases in hardware and software expense. Selling, General, and Administrative expenses totaled $46.1 million and $182.5 million for the quarter and year ended December 31, 2020, up $8.7 million, or 23%, and $10.2 million, or 6%, compared to the corresponding periods in 2019 primarily due to increases in digital transformation initiatives and marketing expense.
Net Income and Earnings Per Share
Net Income for the quarter and year ended December 31, 2020, was $3.1 million and $14.4 million, compared to $6.9 million and $36.4 million for the year ended December 31, 2019. Diluted Earnings Per Share for the quarter and year ended December 31, 2020, was $0.04 and $0.17, compared to Diluted Earnings Per Share of $0.08 and $0.45 for the year ended December 31, 2019.
Adjusted EBITDA
Adjusted EBITDA for the quarter and year ended December 31, 2020, was $123.2 million and $437.1 million, an increase of $14.1 million and $1.8 million, compared to the corresponding periods in 2019. Adjusted EBITDA margin was 42.0% and 38.1% for the quarter and year ended December 31, 2020 as compared to 38.5% and 38.0% for the quarter and year ended December 31, 2019.
Customers
WOW! reported Total Subscribers of 850,600 as of December 31, 2020, an increase of 27,200, or 3.3%, compared to December 31, 2019, up 4,300 compared to September 30, 2020. HSD RGUs totaled 813,800 as of December 31, 2020, an increase of 32,300, or 4.1%, compared to December 31, 2019, up 4,900 compared to September 30, 2020.
Edge-Outs
Edge-Out Projects reached a total of 194,000 homes passed and 47,900 Subscribers since inception.
The 2018 Edge-Out projects include 6,200 Customers, which represents 20.3% penetration on such nodes. The 2019 Edge-Out projects include 8,000 Customers, which represents 16.3% penetration on such nodes. The 2020 Edge-Out projects now reach 6,100 homes passed.
Capital Expenditures
Capital Expenditures, on a reported basis, totaled $234.1 million for the year ended December 31, 2020, representing a $13.4 million, or 5.4%, decrease compared to the year ended December 31, 2019. The decrease is primarily due to a decrease in edge-out capital expenditures as the Company shifts its focus to penetration within its current footprint. Capital Expenditures for the year ended December 31, 2020 equates to 20.4% of Total Revenue for the year ended December 31, 2020.
Liquidity and Leverage
As of December 31, 2020, the total outstanding amount of long-term debt and finance lease obligations was $2.3 billion, and cash and cash equivalents were $12.4 million. Total Net Leverage as of December 31, 2020, was 5.18X on a LTM Adjusted EBITDA basis, down from 5.36X at September 30, 2020, and undrawn revolver capacity totaled $256.6 million. Free Cash Flow was $43.3 million for the year ended December 31, 2020.
Estimated COVID-19 Impacts
Estimated EBITDA impacts due to COVID-19 for the year ended December 31, 2020 total $12.7 million. The estimated impact is primarily attributable to decreases in advertising and late fee revenue, combined with increased marketing costs.