| 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, 2020 and the carrying amount at December 31, 2019:
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March 31, 2020 |
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December 31, 2019 |
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Percentage
ownership
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Market
value
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Carrying
amount
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Carrying
amount
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dollars in thousands |
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| LendingTree (a) |
26.4 |
% |
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$ |
631,593 |
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$ |
165,446 |
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166,465 |
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| Other |
various |
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NA |
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1,119 |
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1,178 |
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$ |
166,565 |
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167,643 |
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| (a) Both the Company's ownership interest in LendingTree and the Company's share of LendingTree's earnings (losses) are reported on a three month lag. The market value disclosed is as of March 31, 2020. |
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Summarized financial information for Liberty Broadband is as follows:
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March 31, |
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December 31, |
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2020 |
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2019 |
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amounts in thousands |
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| Current assets |
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$ |
21,022 |
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52,133 |
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| Investment in Charter, accounted for using the equity method |
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12,194,726 |
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12,194,674 |
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| Other assets |
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9,406 |
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9,535 |
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| Total assets |
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12,225,154 |
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12,256,342 |
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| Long-term debt |
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573,269 |
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572,944 |
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| Deferred income tax liabilities |
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992,704 |
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999,757 |
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| Other liabilities |
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12,210 |
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15,695 |
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| Equity |
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10,646,971 |
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10,667,946 |
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| Total liabilities and shareholders' equity |
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$ |
12,225,154 |
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12,256,342 |
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Three months ended |
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March 31, |
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2020 |
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2019 |
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amounts in thousands |
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| Revenue |
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$ |
4,104 |
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3,458 |
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| Operating expenses, net |
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(11,379) |
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(9,659) |
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| Operating income (loss) |
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(7,275) |
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(6,201) |
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| Share of earnings (losses) of affiliates |
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61,682 |
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34,849 |
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| Gain (loss) on dilution of investment in affiliate |
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(59,325) |
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(41,403) |
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| Other income (expense), net |
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(5,698) |
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(6,120) |
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| Income tax benefit (expense) |
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2,774 |
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4,574 |
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| Net earnings (loss) |
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$ |
(7,842) |
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(14,301) |
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