Information About the Company's Operating Segments (Tables)
|
9 Months Ended |
Sep. 30, 2018 |
|---|
| Segment Reporting [Abstract] |
|
| Reconciliation of Revenue from Segments to Consolidated |
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Three Months Ended September 30, |
|
2018 |
|
2017 |
|
Revenue |
|
Adjusted OIBDA |
|
Revenue |
|
Adjusted OIBDA |
|
amounts in thousands |
GCI Holdings |
$ |
205,047 |
|
|
57,945 |
|
|
— |
|
|
— |
|
Liberty Broadband |
3,518 |
|
|
(2,198 |
) |
|
3,430 |
|
|
(3,346 |
) |
Corporate and other |
5,099 |
|
|
(7,205 |
) |
|
5,493 |
|
|
(5,277 |
) |
|
213,664 |
|
|
48,542 |
|
|
8,923 |
|
|
(8,623 |
) |
Eliminate Liberty Broadband |
(3,518 |
) |
|
2,198 |
|
|
(3,430 |
) |
|
3,346 |
|
|
$ |
210,146 |
|
|
50,740 |
|
|
5,493 |
|
|
(5,277 |
) |
|
|
|
|
|
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|
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|
|
Nine Months Ended September 30, |
|
2018 |
|
2017 |
|
Revenue |
|
Adjusted OIBDA |
|
Revenue |
|
Adjusted OIBDA |
|
amounts in thousands |
GCI Holdings |
$ |
489,620 |
|
|
156,608 |
|
|
— |
|
|
— |
|
Liberty Broadband |
18,680 |
|
|
(414 |
) |
|
9,643 |
|
|
(12,262 |
) |
Corporate and other |
15,220 |
|
|
(20,256 |
) |
|
15,639 |
|
|
(20,071 |
) |
|
523,520 |
|
|
135,938 |
|
|
25,282 |
|
|
(32,333 |
) |
Eliminate Liberty Broadband |
(18,680 |
) |
|
414 |
|
|
(9,643 |
) |
|
12,262 |
|
|
$ |
504,840 |
|
|
136,352 |
|
|
15,639 |
|
|
(20,071 |
) |
|
| Reconciliation of Assets from Segment to Consolidated |
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|
September 30, 2018 |
|
|
Total |
|
Investments |
|
Capital |
|
|
assets |
|
in affiliates |
|
expenditures |
|
|
amounts in thousands |
GCI Holdings |
|
$ |
3,561,569 |
|
|
— |
|
|
86,977 |
|
Liberty Broadband |
|
12,082,674 |
|
|
11,977,368 |
|
|
35 |
|
Corporate and other |
|
6,318,888 |
|
|
174,134 |
|
|
2,399 |
|
|
|
21,963,131 |
|
|
12,151,502 |
|
|
89,411 |
|
Eliminate Liberty Broadband |
|
(12,082,674 |
) |
|
(11,977,368 |
) |
|
(35 |
) |
Consolidated |
|
$ |
9,880,457 |
|
|
174,134 |
|
|
89,376 |
|
|
| 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:
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|
Three Months Ended September 30, |
|
Nine Months Ended September 30, |
|
2018 |
|
2017 |
|
2018 |
|
2017 |
|
amounts in thousands |
Consolidated segment Adjusted OIBDA |
$ |
50,740 |
|
|
(5,277 |
) |
|
136,352 |
|
|
(20,071 |
) |
Stock‑based compensation |
(7,761 |
) |
|
(4,369 |
) |
|
(20,926 |
) |
|
(10,968 |
) |
Depreciation and amortization |
(62,848 |
) |
|
(823 |
) |
|
(143,257 |
) |
|
(2,398 |
) |
Operating income (loss) |
(19,869 |
) |
|
(10,469 |
) |
|
(27,831 |
) |
|
(33,437 |
) |
Interest expense |
(37,614 |
) |
|
— |
|
|
(81,304 |
) |
|
— |
|
Share of earnings (loss) of affiliates, net |
10,856 |
|
|
1,648 |
|
|
18,714 |
|
|
4,971 |
|
Realized and unrealized gains (losses) on financial instruments, net |
495,509 |
|
|
472,763 |
|
|
(4,328 |
) |
|
1,270,764 |
|
Other, net |
(834 |
) |
|
328 |
|
|
(982 |
) |
|
1,073 |
|
Earnings (loss) from continuing operations before income taxes |
$ |
448,048 |
|
|
464,270 |
|
|
(95,731 |
) |
|
1,243,371 |
|
|