| Schedule of allocation of excess basis within memo accounts used for equity accounting purposes |
has been allocated within memo accounts used for equity method accounting purposes as follows (amounts in millions):
|
|
|
|
|
|
|
|
|
Years ended December 31, |
|
|
|
2019 |
|
2018 |
|
Property and equipment |
|
$ |
225 |
|
328 |
|
Customer relationships |
|
|
1,043 |
|
721 |
|
Franchise fees |
|
|
1,996 |
|
1,821 |
|
Trademarks |
|
|
29 |
|
29 |
|
Goodwill |
|
|
1,630 |
|
1,202 |
|
Debt |
|
|
(9) |
|
(105) |
|
Deferred income tax liability |
|
|
(817) |
|
(698) |
|
|
|
$ |
4,097 |
|
3,298 |
|
|
| Summary of financial information for Charter |
Consolidated Balance Sheets
|
|
|
|
|
|
|
|
|
December 31, |
|
December 31, |
|
|
|
2019 |
|
2018 |
|
|
|
amounts in millions |
|
Current assets |
|
$ |
6,537 |
|
2,944 |
|
Property and equipment, net |
|
|
34,591 |
|
35,126 |
|
Goodwill |
|
|
29,554 |
|
29,554 |
|
Intangible assets |
|
|
74,775 |
|
76,884 |
|
Other assets |
|
|
2,731 |
|
1,622 |
|
Total assets |
|
$ |
148,188 |
|
146,130 |
|
Current liabilities |
|
$ |
12,385 |
|
12,095 |
|
Deferred income taxes |
|
|
17,711 |
|
17,389 |
|
Long-term debt |
|
|
75,578 |
|
69,537 |
|
Other liabilities |
|
|
3,703 |
|
2,837 |
|
Equity |
|
|
38,811 |
|
44,272 |
|
Total liabilities and equity |
|
$ |
148,188 |
|
146,130 |
|
Consolidated Statements of Operations
|
|
|
|
|
|
|
|
|
|
|
Years ended December 31, |
|
|
|
2019 |
|
2018 |
|
2017 |
|
|
|
amounts in millions |
|
Revenue |
|
$ |
45,764 |
|
43,634 |
|
41,581 |
|
Cost and expenses: |
|
|
|
|
|
|
|
|
Operating costs and expenses (excluding depreciation and amortization) |
|
|
29,224 |
|
27,860 |
|
26,541 |
|
Depreciation and amortization |
|
|
9,926 |
|
10,318 |
|
10,588 |
|
Other operating expenses, net |
|
|
103 |
|
235 |
|
346 |
|
|
|
|
39,253 |
|
38,413 |
|
37,475 |
|
Operating income |
|
|
6,511 |
|
5,221 |
|
4,106 |
|
Interest expense, net |
|
|
(3,797) |
|
(3,540) |
|
(3,090) |
|
Loss on extinguishment of debt |
|
|
(25) |
|
— |
|
(40) |
|
Other income (expense), net |
|
|
(258) |
|
5 |
|
52 |
|
Income tax (expense) benefit |
|
|
(439) |
|
(180) |
|
9,087 |
|
Net earnings (loss) |
|
|
1,992 |
|
1,506 |
|
10,115 |
|
Less: Net income attributable to noncontrolling interests |
|
|
(324) |
|
(276) |
|
(220) |
|
Net Income (loss) attributable to Charter shareholders |
|
$ |
1,668 |
|
1,230 |
|
9,895 |
|
|