Segment Information (Tables)
|
6 Months Ended |
Jun. 30, 2021 |
|---|
| Segment Information |
|
| Schedule of performance measures |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended |
|
Six months ended |
|
|
|
June 30, |
|
June 30, |
|
|
|
2021 |
|
2020 |
|
2021 |
|
2020 |
|
|
|
|
amounts in thousands |
|
GCI Holdings |
|
|
|
|
|
|
|
|
|
|
|
Consumer Revenue |
|
|
|
|
|
|
|
|
|
|
|
Wireless |
|
$ |
32,343 |
|
— |
|
|
64,314 |
|
— |
|
Data |
|
|
52,661 |
|
— |
|
|
104,886 |
|
— |
|
Video |
|
|
18,704 |
|
— |
|
|
37,633 |
|
— |
|
Voice |
|
|
3,681 |
|
— |
|
|
7,235 |
|
— |
|
Business Revenue |
|
|
|
|
|
|
|
|
|
|
|
Wireless |
|
|
18,410 |
|
— |
|
|
37,311 |
|
— |
|
Data |
|
|
85,748 |
|
— |
|
|
176,034 |
|
— |
|
Video |
|
|
880 |
|
— |
|
|
1,682 |
|
— |
|
Voice |
|
|
6,008 |
|
— |
|
|
12,156 |
|
— |
|
Lease, grant, and revenue from subsidies |
|
|
19,421 |
|
— |
|
|
38,821 |
|
— |
|
Total GCI Holdings |
|
|
237,856 |
|
— |
|
|
480,072 |
|
— |
|
Corporate and other |
|
|
4,428 |
|
4,114 |
|
|
8,746 |
|
8,218 |
|
Total |
|
$ |
242,284 |
|
4,114 |
|
|
488,818 |
|
8,218 |
|
|
| Schedule of segment reporting information |
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended June 30, |
|
Six months ended June 30, |
|
|
2021 |
|
2020 |
|
2021 |
|
2020 |
|
|
|
amounts in thousands |
GCI Holdings |
|
$ |
88,656 |
|
— |
|
|
184,715 |
|
— |
Charter |
|
|
5,029,000 |
|
4,487,000 |
|
|
9,672,000 |
|
8,876,000 |
Corporate and other |
|
|
(13,309) |
|
(7,407) |
|
|
(26,615) |
|
(12,388) |
|
|
|
5,104,347 |
|
4,479,593 |
|
|
9,830,100 |
|
8,863,612 |
Eliminate equity method affiliate |
|
|
(5,029,000) |
|
(4,487,000) |
|
|
(9,672,000) |
|
(8,876,000) |
Consolidated Liberty Broadband |
|
$ |
75,347 |
|
(7,407) |
|
|
158,100 |
|
(12,388) |
|
|
|
|
|
|
|
|
|
|
|
June 30, 2021 |
|
|
|
Total |
|
Investments |
|
Capital |
|
|
|
assets |
|
in affiliates |
|
expenditures |
|
|
|
|
amounts in thousands |
|
GCI Holdings |
|
$ |
3,527,081 |
|
362 |
|
50,080 |
|
Charter |
|
|
144,026,000 |
|
— |
|
3,702,000 |
|
Corporate and other |
|
|
15,247,976 |
|
14,947,692 |
|
19 |
|
|
|
|
162,801,057 |
|
14,948,054 |
|
3,752,099 |
|
Eliminate equity method affiliate |
|
|
(144,026,000) |
|
— |
|
(3,702,000) |
|
Consolidated Liberty Broadband |
|
$ |
18,775,057 |
|
14,948,054 |
|
50,099 |
|
|
| Schedule of reconciliation of segment Adjusted OIBDA to earnings (loss) before income taxes |
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended |
|
Six months ended |
|
|
|
June 30, |
|
June 30, |
|
|
|
2021 |
|
2020 |
|
2021 |
|
2020 |
|
|
|
|
|
amounts in thousands |
|
Adjusted OIBDA |
|
$ |
75,347 |
|
(7,407) |
|
158,100 |
|
(12,388) |
|
Stock-based compensation |
|
|
(10,565) |
|
(1,933) |
|
(20,435) |
|
(3,734) |
|
Depreciation and amortization |
|
|
(66,874) |
|
(492) |
|
(130,636) |
|
(985) |
|
Litigation settlement |
|
|
— |
|
— |
|
(110,000) |
|
— |
|
Operating income (loss) |
|
|
(2,092) |
|
(9,832) |
|
(102,971) |
|
(17,107) |
|
Interest expense |
|
|
(28,734) |
|
(5,131) |
|
(61,877) |
|
(10,992) |
|
Share of earnings (loss) of affiliates, net |
|
|
248,848 |
|
158,128 |
|
437,827 |
|
219,810 |
|
Gain (loss) on dilution of investment in affiliate |
|
|
(14,538) |
|
(46,001) |
|
(96,753) |
|
(105,326) |
|
Realized and unrealized gains (losses) on financial instruments, net |
|
|
(125,064) |
|
— |
|
(25,716) |
|
— |
|
Other, net |
|
|
22,720 |
|
28 |
|
14,594 |
|
191 |
|
Earnings (loss) before income taxes |
|
$ |
101,140 |
|
97,192 |
|
165,104 |
|
86,576 |
|
|