Information About GCI Liberty's Operating Segments (Tables)
|
3 Months Ended |
Mar. 31, 2018 |
|---|
| Segment Reporting [Abstract] |
|
| Reconciliation of Revenue from Segments to Consolidated |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended March 31, |
|
2018 |
|
2017 |
|
Revenue |
|
Adjusted OIBDA |
|
Revenue |
|
Adjusted OIBDA |
|
amounts in thousands |
GCI Holdings |
$ |
56,792 |
|
|
19,748 |
|
|
— |
|
|
— |
|
Liberty Broadband |
11,791 |
|
|
4,560 |
|
|
3,140 |
|
|
(3,961 |
) |
Corporate and other |
4,412 |
|
|
(5,860 |
) |
|
3,969 |
|
|
(7,872 |
) |
|
72,995 |
|
|
18,448 |
|
|
7,109 |
|
|
(11,833 |
) |
Eliminate Liberty Broadband |
(11,791 |
) |
|
(4,560 |
) |
|
(3,140 |
) |
|
3,961 |
|
|
$ |
61,204 |
|
|
13,888 |
|
|
3,969 |
|
|
(7,872 |
) |
|
| Reconciliation of Assets from Segment to Consolidated |
|
|
|
|
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|
|
|
|
|
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|
|
|
March 31, 2018 |
|
|
Total |
|
Investments |
|
Capital |
|
|
assets |
|
in affiliates |
|
expenditures |
|
|
amounts in thousands |
GCI Holdings |
|
$ |
3,555,357 |
|
|
— |
|
|
5,777 |
|
Liberty Broadband |
|
11,957,547 |
|
|
11,866,434 |
|
|
14 |
|
Corporate and other |
|
6,029,394 |
|
|
112,975 |
|
|
723 |
|
|
|
21,542,298 |
|
|
11,979,409 |
|
|
6,514 |
|
Eliminate Liberty Broadband |
|
(11,957,547 |
) |
|
(11,866,434 |
) |
|
(14 |
) |
Consolidated GCI Liberty |
|
$ |
9,584,751 |
|
|
112,975 |
|
|
6,500 |
|
|
| Reconciliation of Adjusted OIBDA to Operating Income and Earnings (Loss) from Continuing Operations |
The following table provides a reconciliation of segment Adjusted OIBDA to operating income and earnings (loss) from continuing operations before income taxes:
|
|
|
|
|
|
|
|
|
Three months ended March 31, |
|
2018 |
|
2017 |
|
amounts in thousands |
Consolidated segment Adjusted OIBDA |
$ |
13,888 |
|
|
(7,872 |
) |
Stock‑based compensation |
(5,236 |
) |
|
(2,726 |
) |
Depreciation and amortization |
(16,021 |
) |
|
(753 |
) |
Operating income |
(7,369 |
) |
|
(11,351 |
) |
Interest expense |
(8,248 |
) |
|
— |
|
Share of earnings (loss) of affiliates, net |
(2,492 |
) |
|
1,723 |
|
Realized and unrealized gains (losses) on financial instruments, net |
(71,481 |
) |
|
737,552 |
|
Other, net |
1,697 |
|
|
209 |
|
Earnings (loss) from continuing operations before income taxes |
$ |
(87,893 |
) |
|
728,133 |
|
|