Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

v3.8.0.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 15,622 $ 19,297
Receivables 188,580 184,296
Less allowance for doubtful receivables 3,992 4,407
Net receivables 184,588 179,889
Prepaid expenses 21,206 18,599
Inventories 12,996 11,945
Other current assets 71 167
Total current assets 234,483 229,897
Property and equipment 2,754,667 2,614,875
Less accumulated depreciation 1,599,956 1,452,957
Net property and equipment 1,154,711 1,161,918
Goodwill 242,264 239,263
Cable certificates 191,635 191,635
Wireless licenses 93,753 92,347
Other intangible assets, net of amortization 75,697 74,444
Other assets 100,957 76,435
Total other assets 704,306 674,124
Total assets 2,093,500 2,065,939
Current liabilities:    
Current maturities of obligations under long-term debt, capital leases, and tower obligations 13,972 13,229
Accounts payable 54,073 72,937
Deferred revenue 38,047 37,618
Accrued payroll and payroll related obligations 32,044 30,305
Accrued liabilities 14,147 14,729
Accrued interest (including $5,132 to a related party at December 31, 2017 and 2016) 13,975 13,926
Subscriber deposits 1,271 917
Total current liabilities 167,529 183,661
Long-term debt, net (including $58,731 and $56,640 due to a related party at December 31, 2017 and 2016, respectively) 1,379,059 1,333,446
Obligations under capital leases, excluding current maturities (including $1,702 and $1,769 due to a related party at December 31, 2017 and 2016, respectively) 40,288 50,316
Long-term deferred revenue 138,022 135,877
Tower obligations 93,606 87,653
Deferred income taxes 90,571 137,982
Derivative stock appreciation rights with related party 78,330 29,700
Other liabilities 60,093 54,056
Total liabilities 2,047,498 2,012,691
Commitments and contingencies
Stockholders’ equity:    
Paid-in capital 19,133 3,237
Retained earnings (deficit) (12,296) 17,068
Total GCI Liberty, Inc. stockholders' equity 9,166 22,719
Non-controlling interests 36,836 30,529
Total stockholders’ equity 46,002 53,248
Total liabilities and stockholders’ equity 2,093,500 2,065,939
Class A-1 Common Stock    
Stockholders’ equity:    
Common stock (no par) 0 0
Less cost of 26 Class A-1 common shares held in treasury at December 31, 2017 and 2016 (249) (249)
Class B-1 Common Stock    
Stockholders’ equity:    
Common stock (no par) $ 2,578 $ 2,663