Segment Information (Tables)
|
9 Months Ended |
Sep. 30, 2021 |
|---|
| Segment Information |
|
| Schedule of performance measures |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended |
|
Nine months ended |
|
|
|
September 30, |
|
September 30, |
|
|
|
2021 |
|
2020 |
|
2021 |
|
2020 |
|
|
|
|
amounts in thousands |
|
GCI Holdings |
|
|
|
|
|
|
|
|
|
|
|
Consumer Revenue |
|
|
|
|
|
|
|
|
|
|
|
Wireless |
|
$ |
33,485 |
|
— |
|
|
97,799 |
|
— |
|
Data |
|
|
53,608 |
|
— |
|
|
158,494 |
|
— |
|
Video |
|
|
18,273 |
|
— |
|
|
55,906 |
|
— |
|
Voice |
|
|
3,873 |
|
— |
|
|
11,108 |
|
— |
|
Business Revenue |
|
|
|
|
|
|
|
|
|
|
|
Wireless |
|
|
18,695 |
|
— |
|
|
56,006 |
|
— |
|
Data |
|
|
91,792 |
|
— |
|
|
267,826 |
|
— |
|
Video |
|
|
904 |
|
— |
|
|
2,586 |
|
— |
|
Voice |
|
|
5,748 |
|
— |
|
|
17,904 |
|
— |
|
Lease, grant, and revenue from subsidies |
|
|
19,310 |
|
— |
|
|
58,131 |
|
— |
|
Total GCI Holdings |
|
|
245,688 |
|
— |
|
|
725,760 |
|
— |
|
Corporate and other |
|
|
4,532 |
|
4,219 |
|
|
13,278 |
|
12,437 |
|
Total |
|
$ |
250,220 |
|
4,219 |
|
|
739,038 |
|
12,437 |
|
|
| Schedule of segment reporting information |
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended September 30, |
|
Nine months ended September 30, |
|
|
2021 |
|
2020 |
|
2021 |
|
2020 |
|
|
|
amounts in thousands |
GCI Holdings |
|
$ |
88,800 |
|
— |
|
|
273,515 |
|
— |
Charter |
|
|
5,295,000 |
|
4,625,000 |
|
|
14,967,000 |
|
13,501,000 |
Corporate and other |
|
|
(8,372) |
|
(14,270) |
|
|
(34,987) |
|
(26,658) |
|
|
|
5,375,428 |
|
4,610,730 |
|
|
15,205,528 |
|
13,474,342 |
Eliminate equity method affiliate |
|
|
(5,295,000) |
|
(4,625,000) |
|
|
(14,967,000) |
|
(13,501,000) |
Consolidated Liberty Broadband |
|
$ |
80,428 |
|
(14,270) |
|
|
238,528 |
|
(26,658) |
|
|
|
|
|
|
|
|
|
|
|
September 30, 2021 |
|
|
|
Total |
|
Investments |
|
Capital |
|
|
|
assets |
|
in affiliates |
|
expenditures |
|
|
|
|
amounts in thousands |
|
GCI Holdings |
|
$ |
3,517,437 |
|
397 |
|
91,198 |
|
Charter |
|
|
142,495,000 |
|
— |
|
5,563,000 |
|
Corporate and other |
|
|
14,922,275 |
|
14,387,017 |
|
21 |
|
|
|
|
160,934,712 |
|
14,387,414 |
|
5,654,219 |
|
Eliminate equity method affiliate |
|
|
(142,495,000) |
|
— |
|
(5,563,000) |
|
Consolidated Liberty Broadband |
|
$ |
18,439,712 |
|
14,387,414 |
|
91,219 |
|
|
| Schedule of reconciliation of segment Adjusted OIBDA to earnings (loss) before income taxes |
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended |
|
Nine months ended |
|
|
|
September 30, |
|
September 30, |
|
|
|
2021 |
|
2020 |
|
2021 |
|
2020 |
|
|
|
|
|
amounts in thousands |
|
Adjusted OIBDA |
|
$ |
80,428 |
|
(14,270) |
|
238,528 |
|
(26,658) |
|
Stock-based compensation |
|
|
(10,581) |
|
(2,002) |
|
(31,016) |
|
(5,736) |
|
Depreciation and amortization |
|
|
(68,130) |
|
(56) |
|
(198,766) |
|
(1,041) |
|
Litigation settlement, net of recoveries |
|
|
23,520 |
|
— |
|
(86,480) |
|
— |
|
Operating income (loss) |
|
|
25,237 |
|
(16,328) |
|
(77,734) |
|
(33,435) |
|
Interest expense |
|
|
(28,155) |
|
(3,719) |
|
(90,032) |
|
(14,711) |
|
Share of earnings (loss) of affiliates, net |
|
|
314,563 |
|
188,586 |
|
752,390 |
|
408,396 |
|
Gain (loss) on dilution of investment in affiliate |
|
|
(1,693) |
|
(35,284) |
|
(98,446) |
|
(140,610) |
|
Realized and unrealized gains (losses) on financial instruments, net |
|
|
(26,839) |
|
(39,324) |
|
(52,555) |
|
(39,324) |
|
Other, net |
|
|
14,788 |
|
8 |
|
29,382 |
|
199 |
|
Earnings (loss) before income taxes |
|
$ |
297,901 |
|
93,939 |
|
463,005 |
|
180,515 |
|
|