| Schedule of Equity Method Investments and Summarized Financial Information |
The following table includes the Company’s carrying amount and percentage ownership of the more significant investments in affiliates at March 31, 2018 and the carrying amount at December 31, 2017:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
March 31, 2018 |
|
December 31,
2017
|
|
Percentage
ownership
|
|
Market
value
|
|
Carrying
amount
|
|
Carrying
amount
|
|
|
|
dollars in thousands |
LendingTree |
27 |
% |
|
$ |
1,057,952 |
|
|
$ |
112,174 |
|
|
114,655 |
|
Other |
various |
|
|
NA |
|
|
801 |
|
|
— |
|
|
|
|
|
|
$ |
112,975 |
|
|
114,655 |
|
Summarized financial information for Liberty Broadband is as follows:
|
|
|
|
|
|
|
|
|
|
|
March 31, |
|
December 31, |
|
|
2018 |
|
2017 |
|
|
amounts in thousands |
Current assets |
|
$ |
79,885 |
|
|
84,054 |
|
Investment in Charter, accounted for using the equity method |
|
11,866,434 |
|
|
11,835,613 |
|
Other assets |
|
11,228 |
|
|
12,122 |
|
Total assets |
|
11,957,547 |
|
|
11,931,789 |
|
Long-term debt, including current portion |
|
497,764 |
|
|
497,370 |
|
Deferred income tax liabilities |
|
939,821 |
|
|
932,593 |
|
Other liabilities |
|
8,567 |
|
|
14,925 |
|
Equity |
|
10,511,395 |
|
|
10,486,901 |
|
Total liabilities and shareholders' equity |
|
$ |
11,957,547 |
|
|
11,931,789 |
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended |
|
|
March 31, |
|
|
2018 |
|
2017 |
|
|
amounts in thousands |
Revenue |
|
$ |
11,791 |
|
|
3,140 |
|
Operating expenses, net |
|
(9,545 |
) |
|
(9,502 |
) |
Operating income (loss) |
|
2,246 |
|
|
(6,362 |
) |
Share of earnings (losses) of affiliates |
|
9,302 |
|
|
18,922 |
|
Gain (loss) on dilution of investment in affiliate |
|
(26,757 |
) |
|
(32,138 |
) |
Realized and unrealized gains (losses) on financial instruments, net |
|
— |
|
|
981 |
|
Other income (expense), net |
|
(4,812 |
) |
|
(4,218 |
) |
Income tax benefit (expense) |
|
4,951 |
|
|
8,370 |
|
Net earnings (loss) |
|
$ |
(15,070 |
) |
|
(14,445 |
) |
|