Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.19.3
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Income Statement [Abstract]        
Revenue $ 227,044 $ 210,146 $ 662,346 $ 504,840
Operating costs and expenses:        
Operating expense (exclusive of depreciation and amortization shown separately below) 72,637 64,684 209,962 153,797
Selling, general and administrative, including stock-based compensation (note 12) 93,597 102,483 305,184 235,617
Insurance proceeds and restructuring, net (1,482) 0 236 0
Depreciation and amortization expense 66,466 62,848 200,035 143,257
Operating costs and expenses 231,218 230,015 715,417 532,671
Operating income (loss) (4,174) (19,869) (53,071) (27,831)
Other income (expense):        
Interest expense (including amortization of deferred loan fees) (38,353) (37,614) (116,357) (81,304)
Share of earnings (losses) of affiliates, net (note 6) 1,921 10,856 (2,443) 18,714
Realized and unrealized gains (losses) on financial instruments, net (note 4) 156,165 495,509 1,844,863 (4,328)
Tax sharing agreement 2,362 2,492 18,895 (25,456)
Other, net (540) (834) 13,824 (982)
Other income (expense) 121,555 470,409 1,758,782 (93,356)
Earnings (loss) before income taxes 117,381 450,540 1,705,711 (121,187)
Income tax (expense) benefit (28,087) (133,284) (478,887) (35,768)
Net earnings (loss) 89,294 317,256 1,226,824 (156,955)
Less net earnings (loss) attributable to the non-controlling interests (28) (127) (85) (320)
Net earnings (loss) attributable to GCI Liberty, Inc. shareholders $ 89,322 $ 317,383 $ 1,226,909 $ (156,635)
Basic net earnings (loss) attributable to Series A and Series B GCI Liberty, Inc. shareholders per common share (note 3) (in dollars per share) $ 0.85 $ 2.95 $ 11.71 $ (1.45)
Diluted net earnings (loss) attributable to Series A and Series B GCI Liberty, Inc. shareholders per common share (note 3) (in dollars per share) $ 0.84 $ 2.91 $ 11.60 $ (1.45)